Who Is Borrowing and Lending in the Eurodollar and Selected Deposit Markets?
![Photo: Crystal globe on many currency.](https://libertystreeteconomics.newyorkfed.org/wp-content/uploads/sites/2/2024/05/LSE_2024_eurodollar-deposits_cisternas_460.jpg?w=920)
A recent Liberty Street Economics post discussed who is borrowing and lending in the federal funds (fed funds) market. This post explores activity in two other markets for short-term bank liabilities that are often perceived as close substitutes for fed funds—the markets for Eurodollars and “selected deposits.”