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The Dominant Dollar

05 September 2018

The Financial Times has an article on the increasing reliance on the U.S. dollar in emerging economies. According to the Bank of International Settlements (BIS) and analysis from JP Morgan, almost half of foreign exchange funding, on a global level, is dollar-denominated. The emerging markets are even more reliant on the U.S. dollar, which accounted for 5x times the amount of credit issuance than the euro.