Under Daniel Zelikow, global head of its international public sector group, JPMorgan has been integral to helping to keep the lights on at central banks and governments across the world.
“In the early part of the Covid-19 crisis, there was general market volatility and a loss of liquidity,” says Zelikow. “As a big provider of liquidity to securities markets, we helped central banks remain liquid in US dollars.” This in turn enabled those central banks to provide dollar liquidity to their domestic financial systems.
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