The problem with dollar lending outside the US
For companies and investors outside the United States, the dollar is often the currency of choice. Surprisingly, though, US banks play only a limited role in lending dollars to internatio...
Aki Yokoyama is a senior financial sector expert in the Monetary and Capital markets Department. He previously worked in the foreign reserve management office of the Japan Ministry of Finance as well as in the research of J.P. Morgan as market strategist, drawing up market outlook and investment strategy including asset allocation primarily in the global fixed income market.