In October I called attention to work by the Bank of International Settlements about the dependency of European banks on dollar liquidity. BIS went as far as to warn that European banks might default on the $12-$13 trillion of dollar obligations that they and the Japanese incurred as part of providing currency hedges to customers […]
Tag: European banks
Posted inEuropean Union, Germany, Italy, World
Italy drags down European stocks
Posted inEuropean Union, France, Germany, World