Euromarket
A Euromarket can be used to describe the financial market for euro currencies. A euro currency is any currency held or traded outside its country of issue. For example, a eurodollar is a dollar deposit held or traded outside the U.S. A key incentive for the development, and continued existence of such a market is that it is free from the regulatory environment (and sometimes political or other country-specific risks) of the "home" country.
The term Euromarket has two distinct meanings:
In finance, it is the market for eurocurrencies: these are all currencies that are held as deposits by companies or individuals outside of their country of issue.
In commerce, it refers to the single market of the European Union (EU) in which goods and services are freely traded between member countries, and which have a common trade policy with non-EU countries [Investopedia].
The Euromarket is the over-the-counter market for interbank deposits, loans, debt, equity, and derivative instruments denominated in a currency foreign to the bank, debtor, or issuer of the instrument. Eurocurrency is any currency that is held on deposit with a bank that is foreign to the bank’s own domestic currency or the currency of a financial instrument foreign to that of the debtor’s or issuer’s home country. With the advent of the euro as the currency of the Eurozone, the use of the prefix Euro- to refer to the Euromarket and the instruments that are traded in the market has caused great confusion for market practitioners, investors, and educators.[Pecunica]
What is the Euromarket? Investopedia. Retrieved from: https://www.investopedia.com/terms/e/euromarket.asp
What is the Euromarket? Pecunica. Retrieved from: https://pecunica.com/knowledge-point/what-is-the-euromarket/