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Intercontinental Exchange

Jun 03, 2019

“Measure for Measure:” LIBOR, SOFR, and the U.S. Dollar ICE Bank Yield Index

History

Until the 1980s, banks and especially banks located outside the United States (and even more, those in Europe) had to deal with ever-growing U.S. dollar deposits, known as Eurodollars. These Eurodollars arose from both the Marshall Plan expenditures after World War II and the climbing amount of imports into the U.S.» Read More