The US Dollar Shortage in Global Banking

17 Pages Posted: 26 Jul 2012  

Patrick McGuire

Bank for International Settlements (BIS)

Goetz von Peter

Bank for International Settlements - Research and Policy Analysis

Bank for International Settlements

Bank for International Settlements (BIS)

Date Written: March 2, 2009

Abstract

Understanding the global financial crisis and the stresses on bank balance sheets requires a perspective on banks’ international investment positions and how these positions were funded across currencies and counterparties. This special feature uses the BIS international banking statistics to identify the cross-currency and counterparty funding patterns for the largest banking systems, and to assess the causes of the US dollar shortage during the critical phases of the crisis.

JEL Classification: F34, G01, G21

Suggested Citation

McGuire, Patrick M. and von Peter, Goetz and Settlements, Bank for International, The US Dollar Shortage in Global Banking (March 2, 2009). BIS Quarterly Review, March 2009. Available at SSRN: https://ssrn.com/abstract=1516332

Patrick M. McGuire

Bank for International Settlements (BIS) ( email )

CH-4002 Basel, Basel-Stadt
Switzerland

Goetz Von Peter

Bank for International Settlements - Research and Policy Analysis ( email )

CH-4002 Basel, Basel-Stadt
Switzerland
+ 41 61 280 8840 (Phone)

HOME PAGE: http://www.bis.org/author/goetz_von_peter.htm

Bank for International Settlements (Contact Author)

Bank for International Settlements (BIS) ( email )

Centralbahnplatz 2
Basel, Basel-Stadt 4051
Switzerland

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