05157. EURO-DOLLAR MARKET. This paper explores the f actors which allowed the euro-dollar market to develop and rapidly expand in the 1960s. Details how euro-dollars are created and the. effects of euro-dollars on domestic economies and exchange rates. Relates euro-dollars to the demise of the Bretton Woods agreement. Shows the relationship between the euro-dollar market and the recycling of petrodollars. Includes recent dollar speculations. 20 pages, 21 footnotes, 14 bibliographic sources.