Kodres, Laura E.; Shen, Leslie Sheng; Duffie, Darrell - 2022
markets, was evident in a number of countries. Notably, however, China’s dollar liquidity needs received little attention …. Given China’s deepening economic and financial linkages to the United States and rest of the world, financial instability … Chinese banks and non-financial corporations and show that China’s vulnerability to US dollar funding risk is large and …