European banks' US dollar funding pressures
Ingo Fender and
BIS Quarterly Review, 2010
With major central banks having re-established temporary foreign exchange swap facilities to alleviate growing strains in short-term funding markets, European banks' US dollar funding patterns are back in the news. This article documents the persistence of these banks' aggregate US dollar funding needs, pointing to an ongoing, large-scale reliance on sources of wholesale funds and, in particular, on the foreign exchange swap market.
JEL-codes: F34 F55 G01 G21 (search for similar items in EconPapers)
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