markets, was evident in a number of countries. Notably, however, China’s dollar liquidity needs received little attention …The need for US dollar funding during the financial stresses in mid-March 2020, as the COVID pandemic news shocked …. Given China’s deepening economic and financial linkages to the United States and rest of the world, financial instability …

The share of U.S. dollar assets in the official foreign exchange reserve portfolios of central banks is sometimes taken … as an indicator of dollar status. We show that the observed decline in the aggregate share of U.S. dollar assets does not … stem from a systematic shift in currency preferences away from holding dollar assets. Instead, a small group of countries …

the world economy. This paper analyzes whether current efforts in East Asia in terms of financial and monetary cooperation … dominated by the US dollar in the foreseeable future. It also explains why the People’s Republic of China is unlikely to make …

only some currencies saw changes in the terms of their dollar swap line, only some bonds in banks’ investments are exposed … to dollar funding risk, only some dollar bonds are significantly traded by foreign banks, and only some banks have a …

Official holdings of US dollar reserves are partly invested outside the United States. These offshore investments do … not strictly speaking finance the US current account, but do support the US dollar. Offshore holdings grow fast when …

individual countries. The evolution of this aggregate indicator suggests that the US dollar has continuously dominated exchange …

individual countries. The evolution of this aggregate indicator suggests that the US dollar has continuously dominated exchange …