3. Euro Currency Markets Dipak Abhyankar

4. 1950s Cold War Era

5. Evolution of Eurocurrency

6. 1950s?

7. England France

8. England France Europe

9. England France Europe

10. England France EuroDollar

11. England France EuroDollarDeposits

12. EuroYen EuroRupee EuroCurrency

13. EuroCurrency Deposits

14. Euro prefix remained EuroCurrency i.e. Euro Dollar EuroRupee EuroYen Started in Europe Benefit to banks of diversification of currencies and more business Later American banks started accepting Pound denominated deposits Titled as EuroPond Deposits Japanese banks accepted US dollar deposits EuroDollar

15. Euro prefix remained Across the world banks started accepting foreign currency deposits Rupee deposits in Australia- Euro Rupee deposits French Frank deposits in Canada- Euro frank deposits There is no “Europe” in these; but title is prefixed as “Euro-”

16. Euro prefix remained In this context; Euro prefix just refers to foreign currency denominated deposits The reason why we use ‘Euro’ prefix is: its history! It started in Europe. In today’s context: Euro is foreign currency denominated financial transaction

17. EuroCurrency It is a currency deposited in a country; for which home currency is different. For instance: Dollars deposited in India – Because home currency of India is Rupee (and not Dollars) Similarly Pounds deposited in Japan is a Euro Currency EuroDollar Deposits EuroPound Deposits

18. Euro Currency Euro Deposits Euro Credits Euro Bonds Euro Currency EuroEuro Deposits

19. EuroCurrency Deposits EuroCurrency Loans i.e. EuroCredits