The Bank for International Settlements' global liquidity indicator for the US dollar: credit in dollars to borrowers outside the United States. Quarterly, published with a lag of about two quarters. Carried inside the macro liquidity briefing.
Why: Dollar credit outside the United States, the BIS's measure of how far dollar funding reaches beyond the Federal Reserve's own balance sheet.
Category: Liquidity | Formula: Published by the BIS (WS_GLI): US dollar credit to non-bank borrowers outside the United States, bank loans and debt securities together
Available in briefings: macro.liquidity
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