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BIS Working Papers
No 510Global dollar credit and
carry trades: a firm level
analysis
by Valentina Bruno and Hymn Song ShinMonetary and Economic Department
August 2015JEL classification: F32, G15,
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What is global dollar credit and?
Global dollar credit refers to the total amount of credit granted in US dollars across all borrowers within a financial institution.
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Financial institutions are required to file global dollar credit reports to regulatory authorities.
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Global dollar credit reports can be filled out electronically through the designated reporting system provided by regulatory authorities.
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The purpose of global dollar credit reports is to monitor the overall level of US dollar-denominated credit exposure within the financial system.
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Financial institutions must report detailed information on the amount of US dollar credit extended to borrowers, broken down by type of borrower and type of credit instrument.
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