IMF Working Papers Volume 2026 Issue 156: Settlement Risk and Currency Markets (2026) - IMF eLibrary
IMF Working Papers Volume 2026 Issue 156: Settlement Risk and Currency Markets (2026) - IMF eLibrary
Source: IMF eLibrary
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DW NOTE
The IMF publishes currency settlement risk papers while the Strait of Hormuz sits mined for six weeks and oil trades 31% higher than it did a month ago. Settlement risk in currency markets is a clearing-house problem. Settlement risk when energy trade routes close and central banks hold rates flat into supply shocks is a sovereign debt problem. One of these is in the table of contents. The other isn't.