A Primer on the Eurodollar and Shadowbanking System [Long Reads Sunday]

<p>The latest Long Read is <a href= "https://unexpected-values.com/crypto-dollars/"><strong>"Crypto Dollars and the Evolution of Eurodollar Banking"</strong></a> by <a href="https://twitter.com/AviFelman">Avi Felman</a> and <a href= "https://twitter.com/max_bronstein">Max Bronstein. </a></p> <p>This piece covers:</p> <ul> <li>The Dollar Milkshake Theory</li> <li>Why the demand for the US dollar remains so high </li> <li>Why demand for dollars is increasing rather than decreasing </li> <li>What "eurodollars" are</li> <li>What the shadow banking system is</li> <li>How eurodollars and shadow banking contribute to USD demand</li> <li>How stablecoins and cryptodollarization could create demand for crypto </li> </ul>