Has the US dollar delivered the benefit that the rest of the world is expecting from its holdings of international …

Has the US dollar delivered the benefits that the rest of the world is expecting from its holdings of international …

Has the US dollar delivered the benefit that the rest of the world is expecting from its holdings of international …

This paper analyses the impact of the shift away from a US dollar focus of systemically important emerging market … economies (EMEs) on configurations between the US dollar, the euro and the yen. Given the difficulty that fixed or managed US … dollar exchange rate regimes remain pervasive and reserve compositions mostly kept secret, the identification strategy of the …

This paper analyses the impact of the shift away from a US dollar focus of systemically important emerging market … economies (EMEs) on configurations between the US dollar, the euro and the yen. Given the difficulty that fixed or managed US … dollar exchange rate regimes remain pervasive and reserve compositions mostly kept secret, the identification strategy of the …

Facility. We provide new evidence on how the central bank swap lines and FIMA Repo Facility can reduce strains in global dollar … funding markets and U.S. Treasury markets during extreme stress events. These facilities are found to reduce strains in dollar …