Eurodollars are time deposits denominated in U.S. dollars at banks outside the United States, and thus are not under the jurisdiction of the Federal Reserve. Consequently, such deposits are subject to much less regulation than similar deposits within the U.S. The term was originally coined for U.S. dollars in European banks, but it expanded over the years to its present definition. A U.S. dollar-denominated deposit in Tokyo or Beijing would be likewise deemed a Eurodollar deposit (sometimes an Asiadollar). There is no connection with the euro currency or the eurozone. The offshore locations of Eurodollar make it exposed to potential country risk and economic risk.

AIES President Dr. Werner Fasslabend invited Arian Hamidi Faal, Foreign Editor and Head of Foreign Policy at Cercle Diplomatique, to talk about the current state of the Iran Nuclear Deal (JCPOA) and what we can expect from the recently resumed talks in Vienna.

What is the impact of the Dragonbear (China and Russia) on the global and European affairs? Anton Shekhovtsov discusses this issue with Velina Tchakarova, director of the Austrian Institute for European and Security Policy.