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The Fed has no LOLR function with respect to Eurodollars, that's why Eurodollar deposits pay higher yields than dollar deposits...

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman
by Carrie (migeru at eurotrib dot com) on Fri Nov 29th, 2013 at 12:06:35 PM EST
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