The US Dollar Shortage in Global Banking

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Global Banks and International Shock Transmission: Evidence from the Crisis (2011, unknown): “…authoritiesþ International liabilities to nonbanksþLocal liabilities to U.S. residents booked by U.S. officesþLiabilities to banksþ cross-currency FX swap (if negative); V2: Liabilities to official monetary authoritiesþ International liabilities to nonbanksþLocal liabilities to U.S. residents…”
Global Banking Glut and Loan Risk Premium (2012, methodology): “We will take a “flow of funds” approach by tracking gross flows in the economy, but from a global perspective.”
Breaking Free of the Triple Coincidence in International Finance (2016, background): “4 Mendoza (2002) models debt denominated in traded goods prices in a non-monetary economy, but the debt is held in the household sector.”
Limits to arbitrage during the crisis: funding liquidity constraints and covered interest parity (2011, background): “McGuire and von Peter (2009) clearly document the importance of this channel during the financial crisis.”