Esteban García-Escudero, Enrique; Sánchez Pérez, Elisa J.
and international reserves) were overwhelmed by it. Only the rapid deployment of an international currency swap network … the US dollar plays a pivotal role in international trade and financial markets, non-US banks’ reliance on short …-19 crises. The crisis management mechanisms in place before the global financial crisis (the International Monetary Fund …