Template-Type: ReDIF-Article 1.0
Author-Name: Patrick McGuire
Author-Name: Goetz von Peter
Author-Name: Sonya Zhu
Title: International finance through the lens of BIS statistics: the global reach of currencies
Abstract: The use of key currencies in international finance far outstrips the issuing jurisdictions' share in global economic activity. The US dollar dominates globally, while the euro, yen and pound sterling have a smaller international footprint. The reach of key currencies becomes apparent only in statistics with a currency dimension. The BIS statistics on international banking, bonds and derivatives markets have had a currency dimension since their inception. This dimension is essential for assessing exposure to currency risk, squeezes in funding markets and vulnerabilities associated with foreign exchange markets. 
Journal: BIS Quarterly Review
File-URL: http://www.bis.org/publ/qtrpdf/r_qt2406b.pdf
File-Format: Application/pdf
File-URL: http://www.bis.org/publ/qtrpdf/r_qt2406b.htm
File-Format: text/html
Year: 2024
Month: June
Classification-JEL: F23, F31, F36, G15
Handle: RePEc:bis:bisqtr:2406b