Motivation differentiates eurodollar and CNH markets

Feb 16, 2011

One was a market solution to get around restrictions in the US, the other a government-inspired solution to internationalise a national currency, says Claudio Piron of Bank of America-Merrill Lynch.

The key difference between the creation of today’s CNH market and the eurodollar market five decades ago is the motivation behind it, says Claudio Piron, head of Asia ex-Japan fixed income and FX strategy for Bank of America-Merrill-Lynch.

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