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central banks. These central banks had the capacity to use these swap facilities to provide dollar liquidity to institutions … important part of a toolbox for dealing with systemic liquidity disruptions …
Persistent link: https://www.econbiz.de/10012462892
The U.S. dollar holds a dominant place in the invoicing of international trade, along two complementary dimensions. First, most U.S. exports and imports invoiced in dollars. Second, trade flows that do not involve the United States are also substantially invoiced in dollars, an aspect that has...
Persistent link: https://www.econbiz.de/10012464827
International financial linkages, particularly through global bank flows, generate important questions about the consequences for economic and financial stability, including the ability of countries to conduct autonomous monetary policy. I address the monetary autonomy issue in the context of...
Persistent link: https://www.econbiz.de/10012459165
Global liquidity refers to the volumes of financial flows - largely intermediated through global banks and non … provides policy-relevant lessons. International spillovers of monetary policy and risk sentiment through global liquidity … liquidity provision. Strong prudential policies in the home countries of global banks and official facilities reduce funding …
Persistent link: https://www.econbiz.de/10014322743