dollar – IMF Blog

Chart of the WeekDollar Dominance and the Rise of Nontraditional Reserve Currencies

IMFBlog2022-06-06T12:38:44-04:00June 1, 2022|

The US dollar has long played an outsized role in global markets. It continues to do so even as the American economy has been producing a shrinking share of global output over the last two decades.

An Imbalance in Global Banks’ Dollar Funding

IMFBlog2019-03-14T10:32:01-04:00June 12, 2018|

By John Caparusso, Yingyuan Chen, Hideo Hashimoto, David Jones, Will Kerry and Aki Yokoyama

June 12, 2018

Versions in Español, Deutsche, Français, 日本語, Português

The US Treasury is issuing more T-bills, potentially putting upward pressure on the interest rates non-US banks must pay for short-term dollar funding (photo: Jennifer Hack/KRT/Newscom)

For companies and investors outside the United States, the dollar is often the currency of choice. Surprisingly, though, US banks play only a limited role in lending dollars to international borrowers. Most of the $7 trillion in banks’ dollar lending outside the United States is handled by banks based in Europe, Japan and elsewhere. […]

The Art of Shifting Gear

IMFBlog2017-04-15T14:10:07-04:00April 27, 2012|

The fact is, the global outlook underpins any turnaround in Asia and at this point, it could go either way: too early to declare victory over the forces of financial volatility and contagion. The art then is being prepared for either eventuality and policymakers should be ready to shift gears if, and when, circumstances warrant.