An employee of the foreign exchange trading company Gaitame.com works in front of a monitor showing a graph of the Japanese yen exchange rate against the US dollar at its dealing room in Tokyo on December 20. Photo: Reuters
An employee of the foreign exchange trading company Gaitame.com works in front of a monitor showing a graph of the Japanese yen exchange rate against the US dollar at its dealing room in Tokyo on December 20. Photo: Reuters
Anthony Rowley
Opinion

Opinion

Macroscope by Anthony Rowley

‘Silent killer’ liquidity crisis will stalk global financial system in 2023

  • Few people seem aware as a liquidity crisis offers few clearly visible symptoms until it begins to affect the internal organs of the financial system
  • It could be that the potential risks involved will not crystallise on a scale that threatens the financial system, but past crises offer little reassurance

An employee of the foreign exchange trading company Gaitame.com works in front of a monitor showing a graph of the Japanese yen exchange rate against the US dollar at its dealing room in Tokyo on December 20. Photo: Reuters
An employee of the foreign exchange trading company Gaitame.com works in front of a monitor showing a graph of the Japanese yen exchange rate against the US dollar at its dealing room in Tokyo on December 20. Photo: Reuters
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