EDITORIAL ·
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Liquidity squeeze averted, but brace for more stress in US dollar funding

THE ongoing health, economic and financial crisis sparked by the spread of Covid-19 is justifiably considered worse than the global financial crisis of 2008. As the pandemic cuts a wider swathe among populations and several countries impose travel restrictions and domestic lockdowns, central banks have begun to roll out monetary and fiscal measures to cushion the economic and financial hardships that are yet to fully play out. Few industries will be spared, except perhaps those that enable work-from-home...

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