Dear all,
The Financial Stability WG is pleased to invite you to an online discussion on "FX swaps and forwards: missing global debt?", a Special Feature of the latest BIS Quarterly Review (Claudio Borio, Bob McCauley and Patrick McGuire).
The webinar will take place on Friday, November 3rd at 5pm CET (12pm EST). To access the webinar, please click here: https://global.gotomeeting.com/join/193839485
What would balance sheets look like if the borrowing through FX swaps and forwards were recorded on-balance sheet, as the functionally equivalent repo debt is? The BIS provides a quantification of the "missing debt" which constitutes a big driver of global liquidity and discusses its implications for financial stability.
The discussion will start with a brief presentation of the paper by a young scholar before moving on to a more general discussion.
Everyone is welcome to join 😀 Hope to see you online!
Link to the paper: http://www.bis.org/publ/qtrpdf/r_qt1709e.htm
PS. Feel free to reach out to MÃriam ([email protected]) or Céline ([email protected]) if you'd like to get involved in the activities of the group 😀