In this special three-part series, Odd Lots is exploring the history of the eurodollar market. As we enter the turbulent 1960s, the eurodollar market has grown big enough to catch the eye of regulators. The Federal Reserve mounts a fact-finding mission to better explore this rapidly-expanding market. And soon, policymakers have to decide just how helpful eurodollars can be when it comes to solidifying and expanding the greenback's role in international finance at a time when the gold-backed dollar is about to be put under massive pressure. The story is told by Columbia Law School Professor Lev Menand and Federal Reserve Bank of New York Policy Advisor Josh Younger.

Read more:
Trump Team Studies Gradual Tariff Hikes Under Emergency Powers
Canadian Ambassador Warns of ‘Tit-For-Tat’ Retaliation to US Tariffs

Only Bloomberg.com subscribers can get the Odd Lots newsletter in their inbox — now delivered every weekday — plus unlimited access to the site and app. Subscribe at bloomberg.com/subscriptions/oddlots

In this special three-part series, Odd Lots is exploring the history of the eurodollar market. As we enter the turbulent 1960s, the eurodollar market has grown big enough to catch the eye of regulators. The Federal Reserve mounts a fact-finding mission to better explore this rapidly-expanding market. And soon, policymakers have to decide just how helpful eurodollars can be when it comes to solidifying and expanding the greenback's role in international finance at a time when the gold-backed dollar is about to be put under massive pressure. The story is told by Columbia Law School Professor Lev Menand and Federal Reserve Bank of New York Policy Advisor Josh Younger.
Read more: <a href="https://www.bloomberg.com/news/articles/2025-01-13/trump-team-studies-gradual-tariff-hikes-under-emergency-powers?srnd=phx-economics-v2?utm_medium=referral&amp;utm_source=podcast&amp;utm_campaign=odd_lots&amp;utm_content=article">Trump Team Studies Gradual Tariff Hikes Under Emergency Powers</a> <a href="https://www.bloomberg.com/news/articles/2025-01-13/canadian-ambassador-warns-of-tit-for-tat-retaliation-to-us-trump-tariffs?srnd=phx-economics-v2?utm_medium=referral&amp;utm_source=podcast&amp;utm_campaign=odd_lots&amp;utm_content=article">Canadian Ambassador Warns of &lsquo;Tit-For-Tat&rsquo; Retaliation to US Tariffs</a>
Only Bloomberg.com subscribers can get the Odd Lots newsletter in their inbox &mdash; now delivered every weekday &mdash; plus unlimited access to the site and app. Subscribe at bloomberg.com/subscriptions/oddlots

Bloomberg's Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets and economics. Join the conversation every Monday and Thursday.

Bloomberg's Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets and economics. Join the conversation every Monday and Thursday.

Bloomberg's Joe Weisenthal and Tracy Alloway analyze the weird patterns, the complex issues and the newest market crazes. Join the conversation every Tuesday and Thursday for interviews with the most interesting minds in finance, economics and markets.

Odd Lots

On Bloomberg’s Odd Lots podcast Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets, and economics. Join the conversation every Monday and Thursday. 

On Bloomberg’s Odd Lots podcast Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets, and economics. Join the conversation every Monday and Thursday.

The Hidden History of Eurodollars, Part 2: Defending the Dollar System

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/88dfa94d-74e5-4aa2-803e-b265013e49b6/transcript

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