(tightening) of US dollar funding conditions leads non-US global banks to expand (contract) their international lending, which is … an international synchronization of house price growth. Borrowing country pairs whose joint exposure to US dollar funding … growth. Our results identify a novel international spillover channel of US dollar funding conditions, which is not related to …

invoiced in RMB surged rapidly to nearly 50% - displacing the US dollar, which had previously accounted for virtually all … shortage narrative. First, firms with pre-existing relationships to banks with limited US dollar loans were more likely to …

highlight the deep integration of funding markets across the Atlantic and the US dollar's outsized role. Our paper documents … five key facts: (1) US dollar repos by euro area entities account for approximately 40% of total volumes and are comparable …

induced by the global circulation of the US dollar behave significantly differently in a single matrix space compared to in a …