A New Financial Threat Emerges in Foreign-Exchange Swaps

Loose monetary policy over the years has helped create about $65 trillion in hidden dollar debt around the world.
https://www.wsj.com/articles/a-new-financial-threat-emerges-foreign-exchange-swaps-debt-bank-for-international-settlements-11670429317 A New Financial Threat Emerges in Foreign-Exchange Swaps