The Global US Dollar in a Changing Financial System The US dollar has long played a central role in global finance, but the way dollars are used and intermediated across borders has changed over time. This lecture briefly reviews this evolution and examines the functioning of today's global dollar system. Drawing on recent research, it discusses how limits to financial arbitrage can generate segmentation in dollar markets, dollar funding shortages, and movements in exchange rates, as well as the implications for global banks and financial stability… Tickets / info: https://events.unimelb.edu…
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