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The oil petrodollars crisis reshapes global banking
The article analyzes how oil surpluses and petrodollars turmoil strain banking systems worldwide. It notes central banks partly shielded by policy, but liquidity risk rises as deposits concentrate in a few large banks and lending tightens, with American banks reducing foreign exposure in late summer.
MENTIONED IN THIS ARTICLE
Finance
United States
Federal Reserve
Arthur Burns
New York Federal Reserve
Charles Coombs
Petrodollars