International Relations and IPE scholarship continue to treat offshore finance as a fringe phenomenon, as the exception to the rule. The reality appears quite different. International bankers claim that the Eurodollar markets, often also referred to as offshore dollar markets, are the largest and most liquid funding markets in the world. Organised between the City of London and a net of offshore financial centres, including the Cayman Islands, Luxembourg, Hong Kong and Singapore, a substantial part of these markets is statistically invisible but are central to the functioning of the international financial system. The seminar asks what the Eurodollar system is (hint: the Euro has got nothing to do with it), why it is partially invisible in international financial statistics, and how its important volume affects the practices and theories of international monetary power. close