European banks' US dollar funding pressures

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.

MoreLess

Year of publication:	2010
Authors:	Fender, Ingo ; McGuire, Patrick
Published in:	BIS Quarterly Review. - Bank for International Settlements (BIS). - 2010, June
Publisher:	Bank for International Settlements (BIS)

More details

Extent:	application/pdf text/html
Type of publication:	Article
Classification:	F34 - International Lending and Debt Problems ; F55 - International Institutional Arrangements ; G01 - Financial Crises ; G21 - Banks; Other Depository Institutions; Mortgages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008468260