Esteban García-Escudero, Enrique; Sánchez Pérez, Elisa J. - 2020
the US dollar plays a pivotal role in international trade and financial markets, non-US banks’ reliance on short …, as a result of policy cooperation between the main global central banks, allowed equilibrium between dollar supply and … demand to be restored and the severest consequences of the market strains for non-US banks to be avoided. …