Kodres, Laura E.; Shen, Leslie Sheng; Duffie, Darrell - 2022
The need for US dollar funding during the financial stresses in mid-March 2020, as the COVID pandemic news shocked … Chinese banks and non-financial corporations and show that China’s vulnerability to US dollar funding risk is large and … growing. We further discuss the existing and potential avenues through which US dollar funding could be supplied to Chinese …