graph_Graph 6_58AA7E6D

Foreign currency credit to non-banks in EMDEs, by region

Amounts outstanding, in trillions of currency units

Graph 6

A. US dollar

B. Euro

C. Japanese yen

Vertical solid and dashed lines refer to Q1 and Q3 2022, when the Federal Reserve and the ECB, respectively, started raising policy rates.

Source: BIS global liquidity indicators.