US and European Money Markets: Similarities, Differences and Transparency
While the US and European money markets share many characteristics, they are fundamentally different. Their most evident similarity lies in their size and role as a provider of short-term financing to fund credit creation and economic growth. However, major differences emerge as a result of the reserve currency status of the USD as well as differences in rules and market structure.
In this Future Forum contribution, we examine these differences and their implications for: 1. Financial Stability, 2. Monetary policy transmission, 3. Efficient capital markets and 4. Achieving Net Zero objectives.
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