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Discuss the historical development of the Eurodollar market, including these main factors: Russians acquired US dollars but were reluctant to deposit at USbanks; UK banks

Discuss the historical development of the Eurodollar market, including these main factors:

Russians acquired US dollars but were reluctant to deposit at USbanks;

UK banks turned to US dollar business due to restrictions introducedby BoE;

The abolition of the European Payment Union and restoration of convertibility of European currencies.

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