Thursday, August 25, 2011

BUBA's Dombret about $USD

Euro-zone banks' access to funding in dollars has become more difficult recently as their U.S. counterparties have become more selective about providing funding to non-domestic banks, Bundesbank executive board member Andreas Dombret said Wednesday.
But the situation is far less severe than in 2008, when the global credit crisis first hit, and banks stopped providing liquidity to one another.

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