Structural changes may increase dollar funding strains – IMF paper

Some emerging markets still face “significant funding pressure”, researchers find

IMF logo
Photo: Flickr/freeimage4life

The increase in dollar funding costs in March might have been exacerbated by structural changes since the global financial crisis, says research from the International Monetary Fund.

The cross-currency basis, a popular measure for US dollar funding costs, widened on average by roughly 55 basis points in March compared with early January. This was below the average observed during the 2008 financial crisis, which was above 100 basis points.

But for some currencies, such as the Canadian and Hong

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.