|
|
|
|
| LEADER |
02092cas a2200277 a 4500 |
| 001 |
AALejournalIMF021059 |
| 008 |
230101c9999 xx r poo 0 0eng d |
| 020 |
|
|
|c 5.00 USD
|
| 020 |
|
|
|z 9781513549149
|
| 022 |
|
|
|a 1018-5941
|
| 040 |
|
|
|a BD-DhAAL
|c BD-DhAAL
|
| 100 |
1 |
|
|a Barajas, Adolfo.
|
| 245 |
1 |
0 |
|a Global Banks' Dollar Funding :
|b A Source of Financial Vulnerability /
|c Adolfo Barajas, Andrea Deghi, Claudio Raddatz, Dulani Seneviratne.
|
| 264 |
|
1 |
|a Washington, D.C. :
|b International Monetary Fund,
|c 2020.
|
| 300 |
|
|
|a 1 online resource (50 pages)
|
| 490 |
1 |
|
|a IMF Working Papers
|
| 500 |
|
|
|a <strong>Off-Campus Access:</strong> No User ID or Password Required
|
| 500 |
|
|
|a <strong>On-Campus Access:</strong> No User ID or Password Required
|
| 506 |
|
|
|a Electronic access restricted to authorized BRAC University faculty, staff and students
|
| 520 |
3 |
|
|a Leading up to the global financial crisis, US dollar activity by global banks headquartered outside the United States played a crucial role in transmitting shocks originating in funding markets. Although post-crisis regulation has improved banking systems' resilience, US dollar funding remains a global vulnerability, as evidenced by strains that reemerged in March 2020 in the midst of the COVID-19 crisis. We show that shocks to US dollar funding costs lead to financial stress in the home economies of these global non-US banks, and to spillovers to borrowers, especially emerging economies. US dollar funding vulnerability amplifies these negative effects, while some policy-related factors act as mitigators, such as swap line arrangements between central banks and international reserve holdings. Thus, these vulnerabilities should be monitored and, to the extent possible, controlled.
|
| 538 |
|
|
|a Mode of access: Internet
|
| 700 |
1 |
|
|a Deghi, Andrea.
|
| 700 |
1 |
|
|a Raddatz, Claudio.
|
| 700 |
1 |
|
|a Seneviratne, Dulani.
|
| 830 |
|
0 |
|a IMF Working Papers; Working Paper ;
|v No. 2020/113
|
| 856 |
4 |
0 |
|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2020/113/001.2020.issue-113-en.xml
|z IMF e-Library
|