Josh Younger on the origins of Eurodollars and Petrodollars

This may not be the definitive account of how the financial system we have today evolved but I got a lot of value out of the interview on the Odd Lots podcast. The role that Communist countries played in the inception of the Eurodollar market was certainly news to me. Josh cites Russia in his origin story but Wikipedia adds another version in which China was the country looking for a way to hold USD outside the USA.

You can find the Apple version of the podcast here

podcasts.apple.com/au/podcast/odd-lots/id1056200096

Tony – From the Outside

Author: From the Outside

After working in the Australian banking system for close to four decades, time to read, write and reflect on what I have learned. My primary area of expertise is bank capital management but this blog aims to offer a bank insider's outside perspective on banking, capital, economics, finance and risk. View all posts by From the Outside