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

The latest Long Read is "Crypto Dollars and the Evolution of Eurodollar Banking" by Avi Felman and Max Bronstein. 

This piece covers:

• The Dollar Milkshake Theory
• Why the demand for the US dollar remains so high 
• Why demand for dollars is increasing rather than decreasing 
• What "eurodollars" are
• What the shadow banking system is
• How eurodollars and shadow banking contribute to USD demand
• How stablecoins and cryptodollarization could create demand for crypto