id	sid	tid	token	lemma	pos
cblr-1726	1	1	microsoft	microsoft	PROPN
cblr-1726	1	2	word	word	PROPN
cblr-1726	1	3	2_2017.3_awrey_final.docx	2_2017.3_awrey_final.docx	NUM
cblr-1726	1	4	awrey	awrey	NOUN
cblr-1726	1	5	–	–	PUNCT
cblr-1726	1	6	final	final	ADJ
cblr-1726	1	7	brother	brother	NOUN
cblr-1726	1	8	,	,	PUNCT
cblr-1726	1	9	can	can	AUX
cblr-1726	1	10	you	you	PRON
cblr-1726	1	11	spare	spare	VERB
cblr-1726	1	12	a	a	DET
cblr-1726	1	13	dollar	dollar	NOUN
cblr-1726	1	14	?	?	PUNCT
cblr-1726	2	1	designing	design	VERB
cblr-1726	2	2	an	an	DET
cblr-1726	2	3	effective	effective	ADJ
cblr-1726	2	4	framework	framework	NOUN
cblr-1726	2	5	for	for	ADP
cblr-1726	2	6	foreign	foreign	ADJ
cblr-1726	2	7	currency	currency	NOUN
cblr-1726	2	8	liquidity	liquidity	NOUN
cblr-1726	2	9	assistance	assistance	NOUN
cblr-1726	2	10	dan	dan	PROPN
cblr-1726	2	11	awrey	awrey	PROPN
cblr-1726	2	12	*	*	PROPN
cblr-1726	2	13	the	the	DET
cblr-1726	2	14	core	core	ADJ
cblr-1726	2	15	principles	principle	NOUN
cblr-1726	2	16	of	of	ADP
cblr-1726	2	17	financial	financial	ADJ
cblr-1726	2	18	crisis	crisis	NOUN
cblr-1726	2	19	management	management	NOUN
cblr-1726	2	20	call	call	NOUN
cblr-1726	2	21	upon	upon	SCONJ
cblr-1726	2	22	central	central	ADJ
cblr-1726	2	23	banks	bank	NOUN
cblr-1726	2	24	to	to	PART
cblr-1726	2	25	lend	lend	VERB
cblr-1726	2	26	freely	freely	ADV
cblr-1726	2	27	,	,	PUNCT
cblr-1726	2	28	against	against	ADP
cblr-1726	2	29	good	good	ADJ
cblr-1726	2	30	quality	quality	NOUN
cblr-1726	2	31	collateral	collateral	NOUN
cblr-1726	2	32	,	,	PUNCT
cblr-1726	2	33	and	and	CCONJ
cblr-1726	2	34	at	at	ADP
cblr-1726	2	35	a	a	DET
cblr-1726	2	36	penalty	penalty	NOUN
cblr-1726	2	37	rate	rate	NOUN
cblr-1726	2	38	of	of	ADP
cblr-1726	2	39	interest	interest	NOUN
cblr-1726	2	40	,	,	PUNCT
cblr-1726	2	41	to	to	AUX
cblr-1726	2	42	solvent	solvent	VERB
cblr-1726	2	43	but	but	CCONJ
cblr-1726	2	44	illiquid	illiquid	ADJ
cblr-1726	2	45	banks	bank	NOUN
cblr-1726	2	46	and	and	CCONJ
cblr-1726	2	47	other	other	ADJ
cblr-1726	2	48	financial	financial	ADJ
cblr-1726	2	49	institutions	institution	NOUN
cblr-1726	2	50	during	during	ADP
cblr-1726	2	51	periods	period	NOUN
cblr-1726	2	52	of	of	ADP
cblr-1726	2	53	widespread	widespread	ADJ
cblr-1726	2	54	panic	panic	NOUN
cblr-1726	2	55	and	and	CCONJ
cblr-1726	2	56	instability	instability	NOUN
cblr-1726	2	57	.	.	PUNCT
cblr-1726	3	1	while	while	SCONJ
cblr-1726	3	2	often	often	ADV
cblr-1726	3	3	taken	take	VERB
cblr-1726	3	4	for	for	SCONJ
cblr-1726	3	5	granted	grant	VERB
cblr-1726	3	6	,	,	PUNCT
cblr-1726	3	7	these	these	DET
cblr-1726	3	8	principles	principle	NOUN
cblr-1726	3	9	were	be	AUX
cblr-1726	3	10	designed	design	VERB
cblr-1726	3	11	for	for	ADP
cblr-1726	3	12	a	a	DET
cblr-1726	3	13	world	world	NOUN
cblr-1726	3	14	in	in	ADP
cblr-1726	3	15	which	which	PRON
cblr-1726	3	16	central	central	ADJ
cblr-1726	3	17	banks	bank	NOUN
cblr-1726	3	18	have	have	VERB
cblr-1726	3	19	the	the	DET
cblr-1726	3	20	capacity	capacity	NOUN
cblr-1726	3	21	to	to	PART
cblr-1726	3	22	create	create	VERB
cblr-1726	3	23	money	money	NOUN
cblr-1726	3	24	denominated	denominate	VERB
cblr-1726	3	25	in	in	ADP
cblr-1726	3	26	the	the	DET
cblr-1726	3	27	same	same	ADJ
cblr-1726	3	28	currency	currency	NOUN
cblr-1726	3	29	as	as	ADP
cblr-1726	3	30	the	the	DET
cblr-1726	3	31	one	one	NOUN
cblr-1726	3	32	in	in	ADP
cblr-1726	3	33	which	which	PRON
cblr-1726	3	34	domestic	domestic	ADJ
cblr-1726	3	35	banks	bank	NOUN
cblr-1726	3	36	and	and	CCONJ
cblr-1726	3	37	other	other	ADJ
cblr-1726	3	38	financial	financial	ADJ
cblr-1726	3	39	institutions	institution	NOUN
cblr-1726	3	40	issue	issue	VERB
cblr-1726	3	41	deposits	deposit	NOUN
cblr-1726	3	42	and	and	CCONJ
cblr-1726	3	43	other	other	ADJ
cblr-1726	3	44	short	short	ADJ
cblr-1726	3	45	-	-	PUNCT
cblr-1726	3	46	term	term	NOUN
cblr-1726	3	47	liabilities	liability	NOUN
cblr-1726	3	48	.	.	PUNCT
cblr-1726	4	1	unfortunately	unfortunately	ADV
cblr-1726	4	2	,	,	PUNCT
cblr-1726	4	3	this	this	PRON
cblr-1726	4	4	is	be	AUX
cblr-1726	4	5	not	not	PART
cblr-1726	4	6	the	the	DET
cblr-1726	4	7	world	world	NOUN
cblr-1726	4	8	in	in	ADP
cblr-1726	4	9	which	which	PRON
cblr-1726	4	10	we	we	PRON
cblr-1726	4	11	live	live	VERB
cblr-1726	4	12	.	.	PUNCT
cblr-1726	5	1	the	the	DET
cblr-1726	5	2	application	application	NOUN
cblr-1726	5	3	of	of	ADP
cblr-1726	5	4	these	these	DET
cblr-1726	5	5	principles	principle	NOUN
cblr-1726	5	6	is	be	AUX
cblr-1726	5	7	far	far	ADV
cblr-1726	5	8	from	from	ADP
cblr-1726	5	9	straightforward	straightforward	NOUN
cblr-1726	5	10	in	in	ADP
cblr-1726	5	11	a	a	DET
cblr-1726	5	12	world	world	NOUN
cblr-1726	5	13	where	where	SCONJ
cblr-1726	5	14	financial	financial	ADJ
cblr-1726	5	15	institutions	institution	NOUN
cblr-1726	5	16	rely	rely	VERB
cblr-1726	5	17	on	on	ADP
cblr-1726	5	18	short	short	ADJ
cblr-1726	5	19	-	-	PUNCT
cblr-1726	5	20	term	term	NOUN
cblr-1726	5	21	foreign	foreign	ADJ
cblr-1726	5	22	currency	currency	NOUN
cblr-1726	5	23	liabilities	liability	NOUN
cblr-1726	5	24	as	as	ADP
cblr-1726	5	25	a	a	DET
cblr-1726	5	26	source	source	NOUN
cblr-1726	5	27	of	of	ADP
cblr-1726	5	28	financing	financing	NOUN
cblr-1726	5	29	.	.	PUNCT
cblr-1726	6	1	this	this	PRON
cblr-1726	6	2	is	be	AUX
cblr-1726	6	3	the	the	DET
cblr-1726	6	4	world	world	NOUN
cblr-1726	6	5	of	of	ADP
cblr-1726	6	6	the	the	DET
cblr-1726	6	7	eurodollar	eurodollar	PROPN
cblr-1726	6	8	market	market	NOUN
cblr-1726	6	9	.	.	PUNCT
cblr-1726	7	1	the	the	DET
cblr-1726	7	2	global	global	ADJ
cblr-1726	7	3	financial	financial	ADJ
cblr-1726	7	4	crisis	crisis	NOUN
cblr-1726	7	5	vividly	vividly	ADV
cblr-1726	7	6	illustrated	illustrate	VERB
cblr-1726	7	7	the	the	DET
cblr-1726	7	8	potential	potential	ADJ
cblr-1726	7	9	systemic	systemic	ADJ
cblr-1726	7	10	risks	risk	NOUN
cblr-1726	7	11	arising	arise	VERB
cblr-1726	7	12	from	from	ADP
cblr-1726	7	13	the	the	DET
cblr-1726	7	14	exist	exist	NOUN
cblr-1726	7	15	*	*	PUNCT
cblr-1726	7	16	associate	associate	NOUN
cblr-1726	7	17	professor	professor	NOUN
cblr-1726	7	18	of	of	ADP
cblr-1726	7	19	law	law	NOUN
cblr-1726	7	20	and	and	CCONJ
cblr-1726	7	21	finance	finance	NOUN
cblr-1726	7	22	and	and	CCONJ
cblr-1726	7	23	fellow	fellow	NOUN
cblr-1726	7	24	of	of	ADP
cblr-1726	7	25	linacre	linacre	PROPN
cblr-1726	7	26	college	college	PROPN
cblr-1726	7	27	,	,	PUNCT
cblr-1726	7	28	university	university	NOUN
cblr-1726	7	29	of	of	ADP
cblr-1726	7	30	oxford	oxford	PROPN
cblr-1726	7	31	.	.	PUNCT
cblr-1726	8	1	the	the	DET
cblr-1726	8	2	author	author	NOUN
cblr-1726	8	3	would	would	AUX
cblr-1726	8	4	like	like	VERB
cblr-1726	8	5	to	to	PART
cblr-1726	8	6	thank	thank	VERB
cblr-1726	8	7	weitseng	weitseng	PROPN
cblr-1726	8	8	chen	chen	PROPN
cblr-1726	8	9	,	,	PUNCT
cblr-1726	8	10	christine	christine	PROPN
cblr-1726	8	11	desan	desan	PROPN
cblr-1726	8	12	,	,	PUNCT
cblr-1726	8	13	daniela	daniela	PROPN
cblr-1726	8	14	gabor	gabor	PROPN
cblr-1726	8	15	,	,	PUNCT
cblr-1726	8	16	anna	anna	PROPN
cblr-1726	8	17	gelpern	gelpern	PROPN
cblr-1726	8	18	,	,	PUNCT
cblr-1726	8	19	jeff	jeff	PROPN
cblr-1726	8	20	gordon	gordon	PROPN
cblr-1726	8	21	,	,	PUNCT
cblr-1726	8	22	robert	robert	PROPN
cblr-1726	8	23	hockett	hockett	PROPN
cblr-1726	8	24	,	,	PUNCT
cblr-1726	8	25	rosa	rosa	PROPN
cblr-1726	8	26	lastra	lastra	PROPN
cblr-1726	8	27	,	,	PUNCT
cblr-1726	8	28	saule	saule	PROPN
cblr-1726	8	29	omarova	omarova	PROPN
cblr-1726	8	30	,	,	PUNCT
cblr-1726	8	31	katharina	katharina	PROPN
cblr-1726	8	32	pistor	pistor	PROPN
cblr-1726	8	33	,	,	PUNCT
cblr-1726	8	34	morgan	morgan	PROPN
cblr-1726	8	35	ricks	ricks	PROPN
cblr-1726	8	36	,	,	PUNCT
cblr-1726	8	37	annelise	annelise	PROPN
cblr-1726	8	38	riles	rile	VERB
cblr-1726	8	39	,	,	PUNCT
cblr-1726	8	40	paul	paul	PROPN
cblr-1726	8	41	lejot	lejot	PROPN
cblr-1726	8	42	,	,	PUNCT
cblr-1726	8	43	matthew	matthew	PROPN
cblr-1726	8	44	turk	turk	PROPN
cblr-1726	8	45	,	,	PUNCT
cblr-1726	8	46	john	john	PROPN
cblr-1726	8	47	vickers	vickers	PROPN
cblr-1726	8	48	,	,	PUNCT
cblr-1726	8	49	and	and	CCONJ
cblr-1726	8	50	david	david	PROPN
cblr-1726	8	51	zaring	zaring	PROPN
cblr-1726	8	52	,	,	PUNCT
cblr-1726	8	53	along	along	ADP
cblr-1726	8	54	with	with	ADP
cblr-1726	8	55	the	the	DET
cblr-1726	8	56	participants	participant	NOUN
cblr-1726	8	57	of	of	ADP
cblr-1726	8	58	conferences	conference	NOUN
cblr-1726	8	59	organized	organize	VERB
cblr-1726	8	60	by	by	ADP
cblr-1726	8	61	the	the	DET
cblr-1726	8	62	journal	journal	NOUN
cblr-1726	8	63	of	of	ADP
cblr-1726	8	64	financial	financial	ADJ
cblr-1726	8	65	regulation	regulation	NOUN
cblr-1726	8	66	,	,	PUNCT
cblr-1726	8	67	the	the	DET
cblr-1726	8	68	columbia	columbia	PROPN
cblr-1726	8	69	center	center	PROPN
cblr-1726	8	70	on	on	ADP
cblr-1726	8	71	global	global	ADJ
cblr-1726	8	72	legal	legal	ADJ
cblr-1726	8	73	transformation	transformation	NOUN
cblr-1726	8	74	,	,	PUNCT
cblr-1726	8	75	the	the	DET
cblr-1726	8	76	american	american	ADJ
cblr-1726	8	77	society	society	NOUN
cblr-1726	8	78	of	of	ADP
cblr-1726	8	79	international	international	ADJ
cblr-1726	8	80	law	law	NOUN
cblr-1726	8	81	,	,	PUNCT
cblr-1726	8	82	the	the	DET
cblr-1726	8	83	national	national	PROPN
cblr-1726	8	84	university	university	PROPN
cblr-1726	8	85	of	of	ADP
cblr-1726	8	86	singapore	singapore	PROPN
cblr-1726	8	87	centre	centre	PROPN
cblr-1726	8	88	for	for	ADP
cblr-1726	8	89	banking	banking	NOUN
cblr-1726	8	90	and	and	CCONJ
cblr-1726	8	91	financial	financial	ADJ
cblr-1726	8	92	law	law	NOUN
cblr-1726	8	93	,	,	PUNCT
cblr-1726	8	94	and	and	CCONJ
cblr-1726	8	95	the	the	DET
cblr-1726	8	96	university	university	PROPN
cblr-1726	8	97	of	of	ADP
cblr-1726	8	98	sheffield	sheffield	PROPN
cblr-1726	8	99	centre	centre	PROPN
cblr-1726	8	100	for	for	ADP
cblr-1726	8	101	corporate	corporate	ADJ
cblr-1726	8	102	and	and	CCONJ
cblr-1726	8	103	commercial	commercial	ADJ
cblr-1726	8	104	law	law	NOUN
cblr-1726	8	105	for	for	ADP
cblr-1726	8	106	their	their	PRON
cblr-1726	8	107	extremely	extremely	ADV
cblr-1726	8	108	helpful	helpful	ADJ
cblr-1726	8	109	comments	comment	NOUN
cblr-1726	8	110	and	and	CCONJ
cblr-1726	8	111	suggestions	suggestion	NOUN
cblr-1726	8	112	.	.	PUNCT
cblr-1726	9	1	the	the	DET
cblr-1726	9	2	author	author	NOUN
cblr-1726	9	3	would	would	AUX
cblr-1726	9	4	also	also	ADV
cblr-1726	9	5	like	like	VERB
cblr-1726	9	6	to	to	PART
cblr-1726	9	7	acknowledge	acknowledge	VERB
cblr-1726	9	8	the	the	DET
cblr-1726	9	9	generous	generous	ADJ
cblr-1726	9	10	support	support	NOUN
cblr-1726	9	11	of	of	ADP
cblr-1726	9	12	the	the	DET
cblr-1726	9	13	national	national	PROPN
cblr-1726	9	14	university	university	PROPN
cblr-1726	9	15	of	of	ADP
cblr-1726	9	16	singapore	singapore	PROPN
cblr-1726	9	17	centre	centre	PROPN
cblr-1726	9	18	for	for	ADP
cblr-1726	9	19	banking	banking	NOUN
cblr-1726	9	20	and	and	CCONJ
cblr-1726	9	21	financial	financial	ADJ
cblr-1726	9	22	law	law	NOUN
cblr-1726	9	23	.	.	PUNCT
cblr-1726	10	1	all	all	DET
cblr-1726	10	2	errors	error	NOUN
cblr-1726	10	3	remain	remain	VERB
cblr-1726	10	4	my	my	PRON
cblr-1726	10	5	own	own	ADJ
cblr-1726	10	6	.	.	PUNCT
cblr-1726	11	1	awrey	awrey	NOUN
cblr-1726	11	2	–	–	PUNCT
cblr-1726	11	3	final	final	ADJ
cblr-1726	11	4	no	no	NOUN
cblr-1726	11	5	.	.	PUNCT
cblr-1726	12	1	3:934	3:934	X
cblr-1726	12	2	]	]	X
cblr-1726	12	3	foreign	foreign	ADJ
cblr-1726	12	4	currency	currency	NOUN
cblr-1726	12	5	liquidity	liquidity	NOUN
cblr-1726	12	6	assistance	assistance	NOUN
cblr-1726	12	7	935	935	NUM
cblr-1726	12	8	ence	ence	NOUN
cblr-1726	12	9	of	of	ADP
cblr-1726	12	10	a	a	DET
cblr-1726	12	11	large	large	ADJ
cblr-1726	12	12	eurodollar	eurodollar	NOUN
cblr-1726	12	13	market	market	NOUN
cblr-1726	12	14	.	.	PUNCT
cblr-1726	13	1	faced	face	VERB
cblr-1726	13	2	with	with	ADP
cblr-1726	13	3	a	a	DET
cblr-1726	13	4	systemic	systemic	ADJ
cblr-1726	13	5	foreign	foreign	ADJ
cblr-1726	13	6	currency	currency	NOUN
cblr-1726	13	7	liquidity	liquidity	NOUN
cblr-1726	13	8	crisis	crisis	NOUN
cblr-1726	13	9	,	,	PUNCT
cblr-1726	13	10	central	central	ADJ
cblr-1726	13	11	banks	bank	NOUN
cblr-1726	13	12	struggled	struggle	VERB
cblr-1726	13	13	to	to	PART
cblr-1726	13	14	secure	secure	VERB
cblr-1726	13	15	access	access	NOUN
cblr-1726	13	16	to	to	ADP
cblr-1726	13	17	the	the	DET
cblr-1726	13	18	foreign	foreign	ADJ
cblr-1726	13	19	currency	currency	NOUN
cblr-1726	13	20	reserves	reserve	NOUN
cblr-1726	13	21	needed	need	VERB
cblr-1726	13	22	to	to	PART
cblr-1726	13	23	provide	provide	VERB
cblr-1726	13	24	emergency	emergency	NOUN
cblr-1726	13	25	liquidity	liquidity	NOUN
cblr-1726	13	26	assistance	assistance	NOUN
cblr-1726	13	27	to	to	ADP
cblr-1726	13	28	their	their	PRON
cblr-1726	13	29	domestic	domestic	ADJ
cblr-1726	13	30	banking	banking	NOUN
cblr-1726	13	31	systems	system	NOUN
cblr-1726	13	32	.	.	PUNCT
cblr-1726	14	1	in	in	ADP
cblr-1726	14	2	response	response	NOUN
cblr-1726	14	3	,	,	PUNCT
cblr-1726	14	4	the	the	DET
cblr-1726	14	5	u.s	u.s	PROPN
cblr-1726	14	6	.	.	PROPN
cblr-1726	14	7	federal	federal	PROPN
cblr-1726	14	8	reserve	reserve	PROPN
cblr-1726	14	9	and	and	CCONJ
cblr-1726	14	10	other	other	ADJ
cblr-1726	14	11	major	major	ADJ
cblr-1726	14	12	central	central	ADJ
cblr-1726	14	13	banks	bank	NOUN
cblr-1726	14	14	established	establish	VERB
cblr-1726	14	15	a	a	DET
cblr-1726	14	16	network	network	NOUN
cblr-1726	14	17	of	of	ADP
cblr-1726	14	18	swap	swap	NOUN
cblr-1726	14	19	lines	line	NOUN
cblr-1726	14	20	designed	design	VERB
cblr-1726	14	21	to	to	PART
cblr-1726	14	22	provide	provide	VERB
cblr-1726	14	23	foreign	foreign	ADJ
cblr-1726	14	24	currency	currency	NOUN
cblr-1726	14	25	liquidity	liquidity	NOUN
cblr-1726	14	26	assistance	assistance	NOUN
cblr-1726	14	27	to	to	ADP
cblr-1726	14	28	the	the	DET
cblr-1726	14	29	international	international	ADJ
cblr-1726	14	30	financial	financial	ADJ
cblr-1726	14	31	system	system	NOUN
cblr-1726	14	32	.	.	PUNCT
cblr-1726	15	1	the	the	DET
cblr-1726	15	2	central	central	PROPN
cblr-1726	15	3	bank	bank	PROPN
cblr-1726	15	4	swap	swap	NOUN
cblr-1726	15	5	lines	line	NOUN
cblr-1726	15	6	have	have	AUX
cblr-1726	15	7	been	be	AUX
cblr-1726	15	8	hailed	hail	VERB
cblr-1726	15	9	as	as	ADP
cblr-1726	15	10	one	one	NUM
cblr-1726	15	11	of	of	ADP
cblr-1726	15	12	the	the	DET
cblr-1726	15	13	most	most	ADV
cblr-1726	15	14	important	important	ADJ
cblr-1726	15	15	and	and	CCONJ
cblr-1726	15	16	effective	effective	ADJ
cblr-1726	15	17	policy	policy	NOUN
cblr-1726	15	18	responses	response	NOUN
cblr-1726	15	19	to	to	ADP
cblr-1726	15	20	the	the	DET
cblr-1726	15	21	financial	financial	ADJ
cblr-1726	15	22	crisis	crisis	NOUN
cblr-1726	15	23	.	.	PUNCT
cblr-1726	16	1	however	however	ADV
cblr-1726	16	2	,	,	PUNCT
cblr-1726	16	3	while	while	SCONJ
cblr-1726	16	4	it	it	PRON
cblr-1726	16	5	may	may	AUX
cblr-1726	16	6	be	be	AUX
cblr-1726	16	7	tempting	tempting	ADJ
cblr-1726	16	8	to	to	PART
cblr-1726	16	9	view	view	VERB
cblr-1726	16	10	them	they	PRON
cblr-1726	16	11	as	as	ADP
cblr-1726	16	12	an	an	DET
cblr-1726	16	13	effective	effective	ADJ
cblr-1726	16	14	prophylactic	prophylactic	NOUN
cblr-1726	16	15	against	against	ADP
cblr-1726	16	16	future	future	ADJ
cblr-1726	16	17	foreign	foreign	ADJ
cblr-1726	16	18	currency	currency	NOUN
cblr-1726	16	19	liquidity	liquidity	NOUN
cblr-1726	16	20	crises	crisis	NOUN
cblr-1726	16	21	,	,	PUNCT
cblr-1726	16	22	the	the	DET
cblr-1726	16	23	current	current	ADJ
cblr-1726	16	24	structure	structure	NOUN
cblr-1726	16	25	of	of	ADP
cblr-1726	16	26	the	the	DET
cblr-1726	16	27	swap	swap	NOUN
cblr-1726	16	28	lines	line	NOUN
cblr-1726	16	29	fails	fail	VERB
cblr-1726	16	30	to	to	PART
cblr-1726	16	31	establish	establish	VERB
cblr-1726	16	32	truly	truly	ADV
cblr-1726	16	33	credible	credible	ADJ
cblr-1726	16	34	international	international	ADJ
cblr-1726	16	35	commitments	commitment	NOUN
cblr-1726	16	36	or	or	CCONJ
cblr-1726	16	37	constrain	constrain	VERB
cblr-1726	16	38	the	the	DET
cblr-1726	16	39	moral	moral	ADJ
cblr-1726	16	40	hazard	hazard	NOUN
cblr-1726	16	41	problems	problem	NOUN
cblr-1726	16	42	stemming	stem	VERB
cblr-1726	16	43	from	from	ADP
cblr-1726	16	44	this	this	DET
cblr-1726	16	45	ambitious	ambitious	ADJ
cblr-1726	16	46	statesponsored	statesponsore	VERB
cblr-1726	16	47	liquidity	liquidity	NOUN
cblr-1726	16	48	insurance	insurance	NOUN
cblr-1726	16	49	.	.	PUNCT
cblr-1726	17	1	this	this	DET
cblr-1726	17	2	article	article	NOUN
cblr-1726	17	3	examines	examine	VERB
cblr-1726	17	4	the	the	DET
cblr-1726	17	5	unique	unique	ADJ
cblr-1726	17	6	policy	policy	NOUN
cblr-1726	17	7	challenges	challenge	NOUN
cblr-1726	17	8	posed	pose	VERB
cblr-1726	17	9	by	by	ADP
cblr-1726	17	10	foreign	foreign	ADJ
cblr-1726	17	11	currency	currency	NOUN
cblr-1726	17	12	liquidity	liquidity	NOUN
cblr-1726	17	13	problems	problem	NOUN
cblr-1726	17	14	,	,	PUNCT
cblr-1726	17	15	along	along	ADP
cblr-1726	17	16	with	with	ADP
cblr-1726	17	17	how	how	SCONJ
cblr-1726	17	18	to	to	PART
cblr-1726	17	19	build	build	VERB
cblr-1726	17	20	a	a	DET
cblr-1726	17	21	more	more	ADV
cblr-1726	17	22	effective	effective	ADJ
cblr-1726	17	23	framework	framework	NOUN
cblr-1726	17	24	for	for	ADP
cblr-1726	17	25	the	the	DET
cblr-1726	17	26	provision	provision	NOUN
cblr-1726	17	27	of	of	ADP
cblr-1726	17	28	foreign	foreign	ADJ
cblr-1726	17	29	currency	currency	NOUN
cblr-1726	17	30	liquidity	liquidity	NOUN
cblr-1726	17	31	assistance	assistance	NOUN
cblr-1726	17	32	.	.	PUNCT
cblr-1726	18	1	i.	i.	PROPN
cblr-1726	18	2	introduction	introduction	NOUN
cblr-1726	18	3	................................................................	................................................................	PUNCT
cblr-1726	18	4	936	936	NUM
cblr-1726	18	5	ii	ii	NOUN
cblr-1726	18	6	.	.	PUNCT
cblr-1726	19	1	the	the	DET
cblr-1726	19	2	origins	origin	NOUN
cblr-1726	19	3	,	,	PUNCT
cblr-1726	19	4	mechanics	mechanic	NOUN
cblr-1726	19	5	,	,	PUNCT
cblr-1726	19	6	and	and	CCONJ
cblr-1726	19	7	growth	growth	NOUN
cblr-1726	19	8	of	of	ADP
cblr-1726	19	9	the	the	DET
cblr-1726	19	10	eurodollar	eurodollar	PROPN
cblr-1726	19	11	market	market	NOUN
cblr-1726	19	12	........................................................................	........................................................................	PUNCT
cblr-1726	19	13	948	948	NUM
cblr-1726	19	14	iii	iii	NOUN
cblr-1726	19	15	.	.	PUNCT
cblr-1726	19	16	financial	financial	ADJ
cblr-1726	19	17	crisis	crisis	NOUN
cblr-1726	19	18	management	management	NOUN
cblr-1726	19	19	and	and	CCONJ
cblr-1726	19	20	the	the	DET
cblr-1726	19	21	problem	problem	NOUN
cblr-1726	19	22	of	of	ADP
cblr-1726	19	23	fcla	fcla	NOUN
cblr-1726	19	24	.....................................................................................	.....................................................................................	PUNCT
cblr-1726	19	25	955	955	NUM
cblr-1726	19	26	a.	a.	NOUN
cblr-1726	19	27	the	the	DET
cblr-1726	19	28	fundamentals	fundamental	NOUN
cblr-1726	19	29	of	of	ADP
cblr-1726	19	30	emergency	emergency	NOUN
cblr-1726	19	31	liquidity	liquidity	NOUN
cblr-1726	19	32	assistance	assistance	NOUN
cblr-1726	19	33	............................................................	............................................................	PUNCT
cblr-1726	19	34	956	956	NUM
cblr-1726	19	35	b.	b.	NOUN
cblr-1726	19	36	the	the	DET
cblr-1726	19	37	problem	problem	NOUN
cblr-1726	19	38	of	of	ADP
cblr-1726	19	39	fcla	fcla	NOUN
cblr-1726	19	40	..........................................	..........................................	PUNCT
cblr-1726	19	41	968	968	NUM
cblr-1726	19	42	iv	iv	NOUN
cblr-1726	19	43	.	.	PUNCT
cblr-1726	20	1	the	the	DET
cblr-1726	20	2	eurodollar	eurodollar	PROPN
cblr-1726	20	3	market	market	NOUN
cblr-1726	20	4	and	and	CCONJ
cblr-1726	20	5	the	the	DET
cblr-1726	20	6	financial	financial	ADJ
cblr-1726	20	7	crisis	crisis	NOUN
cblr-1726	20	8	.....	.....	PUNCT
cblr-1726	20	9	972	972	NUM
cblr-1726	20	10	v.	v.	ADP
cblr-1726	20	11	designing	design	VERB
cblr-1726	20	12	an	an	DET
cblr-1726	20	13	effective	effective	ADJ
cblr-1726	20	14	framework	framework	NOUN
cblr-1726	20	15	for	for	ADP
cblr-1726	20	16	fcla	fcla	NOUN
cblr-1726	20	17	..........	..........	PUNCT
cblr-1726	20	18	985	985	NUM
cblr-1726	20	19	a.	a.	NOUN
cblr-1726	20	20	a	a	DET
cblr-1726	20	21	blanket	blanket	NOUN
cblr-1726	20	22	prohibition	prohibition	NOUN
cblr-1726	20	23	against	against	ADP
cblr-1726	20	24	eurodollar	eurodollar	PROPN
cblr-1726	20	25	liabilities	liability	NOUN
cblr-1726	20	26	.............................................................	.............................................................	PUNCT
cblr-1726	20	27	986	986	NUM
cblr-1726	20	28	b.	b.	NOUN
cblr-1726	20	29	a	a	DET
cblr-1726	20	30	global	global	ADJ
cblr-1726	20	31	currency	currency	NOUN
cblr-1726	20	32	and	and	CCONJ
cblr-1726	20	33	central	central	ADJ
cblr-1726	20	34	bank	bank	NOUN
cblr-1726	20	35	................	................	PUNCT
cblr-1726	20	36	991	991	NUM
cblr-1726	20	37	c.	c.	NOUN
cblr-1726	20	38	reform	reform	NOUN
cblr-1726	20	39	of	of	ADP
cblr-1726	20	40	existing	exist	VERB
cblr-1726	20	41	institutional	institutional	ADJ
cblr-1726	20	42	arrangements	arrangement	NOUN
cblr-1726	20	43	for	for	ADP
cblr-1726	20	44	fcla	fcla	NOUN
cblr-1726	20	45	....................................................................	....................................................................	PUNCT
cblr-1726	20	46	997	997	NUM
cblr-1726	20	47	vi	vi	NOUN
cblr-1726	20	48	.	.	PUNCT
cblr-1726	20	49	conclusion	conclusion	NOUN
cblr-1726	20	50	................................................................	................................................................	PUNCT
cblr-1726	20	51	1015	1015	NUM
cblr-1726	20	52	awrey	awrey	NOUN
cblr-1726	20	53	–	–	PUNCT
cblr-1726	20	54	final	final	ADJ
cblr-1726	20	55	936	936	NUM
cblr-1726	20	56	columbia	columbia	PROPN
cblr-1726	20	57	business	business	NOUN
cblr-1726	20	58	law	law	PROPN
cblr-1726	20	59	review	review	NOUN
cblr-1726	21	1	[	[	X
cblr-1726	21	2	vol	vol	NOUN
cblr-1726	21	3	.	.	NOUN
cblr-1726	21	4	2017	2017	NUM
cblr-1726	21	5	i.	i.	NOUN
cblr-1726	21	6	introduction	introduction	NOUN
cblr-1726	21	7	the	the	DET
cblr-1726	21	8	massive	massive	ADJ
cblr-1726	21	9	public	public	ADJ
cblr-1726	21	10	-	-	PUNCT
cblr-1726	21	11	sector	sector	NOUN
cblr-1726	21	12	support	support	NOUN
cblr-1726	21	13	for	for	ADP
cblr-1726	21	14	banks	bank	NOUN
cblr-1726	21	15	and	and	CCONJ
cblr-1726	21	16	other	other	ADJ
cblr-1726	21	17	financial	financial	ADJ
cblr-1726	21	18	institutions	institution	NOUN
cblr-1726	21	19	at	at	ADP
cblr-1726	21	20	the	the	DET
cblr-1726	21	21	height	height	NOUN
cblr-1726	21	22	of	of	ADP
cblr-1726	21	23	the	the	DET
cblr-1726	21	24	global	global	ADJ
cblr-1726	21	25	financial	financial	ADJ
cblr-1726	21	26	crisis	crisis	NOUN
cblr-1726	21	27	has	have	AUX
cblr-1726	21	28	understandably	understandably	ADV
cblr-1726	21	29	attracted	attract	VERB
cblr-1726	21	30	a	a	DET
cblr-1726	21	31	maelstrom	maelstrom	NOUN
cblr-1726	21	32	of	of	ADP
cblr-1726	21	33	controversy	controversy	NOUN
cblr-1726	21	34	.	.	PUNCT
cblr-1726	22	1	one	one	NUM
cblr-1726	22	2	of	of	ADP
cblr-1726	22	3	the	the	DET
cblr-1726	22	4	most	most	ADV
cblr-1726	22	5	controversial	controversial	ADJ
cblr-1726	22	6	—	—	PUNCT
cblr-1726	22	7	and	and	CCONJ
cblr-1726	22	8	yet	yet	ADV
cblr-1726	22	9	surprisingly	surprisingly	ADV
cblr-1726	22	10	underscrutinized	underscrutinized	ADJ
cblr-1726	22	11	—	—	PUNCT
cblr-1726	22	12	aspects	aspect	NOUN
cblr-1726	22	13	of	of	ADP
cblr-1726	22	14	this	this	DET
cblr-1726	22	15	support	support	NOUN
cblr-1726	22	16	was	be	AUX
cblr-1726	22	17	its	its	PRON
cblr-1726	22	18	extension	extension	NOUN
cblr-1726	22	19	to	to	ADP
cblr-1726	22	20	financial	financial	ADJ
cblr-1726	22	21	institutions	institution	NOUN
cblr-1726	22	22	incorporated	incorporate	VERB
cblr-1726	22	23	and	and	CCONJ
cblr-1726	22	24	licensed	license	VERB
cblr-1726	22	25	to	to	PART
cblr-1726	22	26	carry	carry	VERB
cblr-1726	22	27	on	on	ADP
cblr-1726	22	28	business	business	NOUN
cblr-1726	22	29	in	in	ADP
cblr-1726	22	30	other	other	ADJ
cblr-1726	22	31	countries.1	countries.1	NOUN
cblr-1726	22	32	in	in	ADP
cblr-1726	22	33	the	the	DET
cblr-1726	22	34	united	united	PROPN
cblr-1726	22	35	states	states	PROPN
cblr-1726	22	36	,	,	PUNCT
cblr-1726	22	37	eighteen	eighteen	NUM
cblr-1726	22	38	of	of	ADP
cblr-1726	22	39	the	the	DET
cblr-1726	22	40	twenty	twenty	NUM
cblr-1726	22	41	-	-	PUNCT
cblr-1726	22	42	five	five	NUM
cblr-1726	22	43	largest	large	ADJ
cblr-1726	22	44	borrowers	borrower	NOUN
cblr-1726	22	45	under	under	ADP
cblr-1726	22	46	the	the	DET
cblr-1726	22	47	emergency	emergency	NOUN
cblr-1726	22	48	term	term	NOUN
cblr-1726	22	49	auction	auction	NOUN
cblr-1726	22	50	facility	facility	NOUN
cblr-1726	22	51	(	(	PUNCT
cblr-1726	22	52	“	"	PUNCT
cblr-1726	22	53	taf	taf	X
cblr-1726	22	54	”	"	PUNCT
cblr-1726	22	55	)	)	PUNCT
cblr-1726	22	56	established	establish	VERB
cblr-1726	22	57	in	in	ADP
cblr-1726	22	58	december	december	PROPN
cblr-1726	22	59	2007	2007	NUM
cblr-1726	22	60	were	be	AUX
cblr-1726	22	61	european	european	ADJ
cblr-1726	22	62	banks.2	banks.2	ADP
cblr-1726	22	63	foreign	foreign	ADJ
cblr-1726	22	64	banks	bank	NOUN
cblr-1726	22	65	also	also	ADV
cblr-1726	22	66	ultimately	ultimately	ADV
cblr-1726	22	67	received	receive	VERB
cblr-1726	22	68	billions	billion	NOUN
cblr-1726	22	69	of	of	ADP
cblr-1726	22	70	dollars	dollar	NOUN
cblr-1726	22	71	under	under	ADP
cblr-1726	22	72	maiden	maiden	PROPN
cblr-1726	22	73	lane	lane	PROPN
cblr-1726	22	74	ii	ii	PROPN
cblr-1726	22	75	and	and	CCONJ
cblr-1726	22	76	iii	iii	PROPN
cblr-1726	22	77	,	,	PUNCT
cblr-1726	22	78	the	the	DET
cblr-1726	22	79	vehicles	vehicle	NOUN
cblr-1726	22	80	that	that	PRON
cblr-1726	22	81	the	the	DET
cblr-1726	22	82	federal	federal	PROPN
cblr-1726	22	83	reserve	reserve	PROPN
cblr-1726	22	84	bank	bank	PROPN
cblr-1726	22	85	of	of	ADP
cblr-1726	22	86	new	new	PROPN
cblr-1726	22	87	york	york	PROPN
cblr-1726	22	88	used	use	VERB
cblr-1726	22	89	to	to	PART
cblr-1726	22	90	provide	provide	VERB
cblr-1726	22	91	support	support	NOUN
cblr-1726	22	92	to	to	ADP
cblr-1726	22	93	global	global	ADJ
cblr-1726	22	94	insurance	insurance	NOUN
cblr-1726	22	95	giant	giant	ADJ
cblr-1726	22	96	american	american	PROPN
cblr-1726	22	97	international	international	PROPN
cblr-1726	22	98	group	group	NOUN
cblr-1726	22	99	(	(	PUNCT
cblr-1726	22	100	“	"	PUNCT
cblr-1726	22	101	aig”).3	aig”).3	ADJ
cblr-1726	22	102	and	and	CCONJ
cblr-1726	22	103	perhaps	perhaps	ADV
cblr-1726	22	104	most	most	ADV
cblr-1726	22	105	strikingly	strikingly	ADV
cblr-1726	22	106	,	,	PUNCT
cblr-1726	22	107	the	the	DET
cblr-1726	22	108	federal	federal	PROPN
cblr-1726	22	109	reserve	reserve	PROPN
cblr-1726	22	110	(	(	PUNCT
cblr-1726	22	111	or	or	CCONJ
cblr-1726	22	112	,	,	PUNCT
cblr-1726	22	113	the	the	DET
cblr-1726	22	114	“	"	PUNCT
cblr-1726	22	115	fed	fed	PROPN
cblr-1726	22	116	”	"	PUNCT
cblr-1726	22	117	)	)	PUNCT
cblr-1726	22	118	extended	extend	VERB
cblr-1726	22	119	over	over	ADP
cblr-1726	22	120	$	$	SYM
cblr-1726	22	121	usd500	usd500	NOUN
cblr-1726	22	122	billion	billion	NUM
cblr-1726	22	123	at	at	ADP
cblr-1726	22	124	its	its	PRON
cblr-1726	22	125	peak	peak	NOUN
cblr-1726	22	126	to	to	ADP
cblr-1726	22	127	1	1	NUM
cblr-1726	22	128	see	see	VERB
cblr-1726	22	129	,	,	PUNCT
cblr-1726	22	130	e.g.	e.g.	ADV
cblr-1726	22	131	,	,	PUNCT
cblr-1726	22	132	alan	alan	PROPN
cblr-1726	22	133	grayson	grayson	PROPN
cblr-1726	22	134	,	,	PUNCT
cblr-1726	22	135	alan	alan	PROPN
cblr-1726	22	136	grayson	grayson	PROPN
cblr-1726	22	137	:	:	PUNCT
cblr-1726	22	138	“	"	PUNCT
cblr-1726	22	139	which	which	DET
cblr-1726	22	140	foreigners	foreigner	NOUN
cblr-1726	22	141	got	get	VERB
cblr-1726	22	142	the	the	DET
cblr-1726	22	143	fed	fed	PROPN
cblr-1726	22	144	’s	’s	PART
cblr-1726	22	145	$	$	SYM
cblr-1726	22	146	500,000,000,000	500,000,000,000	NUM
cblr-1726	22	147	?	?	PUNCT
cblr-1726	22	148	”	"	PUNCT
cblr-1726	23	1	bernanke	bernanke	PROPN
cblr-1726	23	2	:	:	PUNCT
cblr-1726	23	3	“	"	PUNCT
cblr-1726	23	4	i	i	PRON
cblr-1726	23	5	do	do	AUX
cblr-1726	23	6	n’t	not	PART
cblr-1726	23	7	know	know	VERB
cblr-1726	23	8	.	.	PUNCT
cblr-1726	23	9	”	"	PUNCT
cblr-1726	23	10	,	,	PUNCT
cblr-1726	23	11	youtube	youtube	NOUN
cblr-1726	23	12	(	(	PUNCT
cblr-1726	23	13	july	july	PROPN
cblr-1726	23	14	21	21	NUM
cblr-1726	23	15	,	,	PUNCT
cblr-1726	23	16	2009	2009	NUM
cblr-1726	23	17	)	)	PUNCT
cblr-1726	23	18	,	,	PUNCT
cblr-1726	23	19	https://www.youtube.com/watch?v=n0nybtke1yq	https://www.youtube.com/watch?v=n0nybtke1yq	X
cblr-1726	23	20	(	(	PUNCT
cblr-1726	23	21	showing	show	VERB
cblr-1726	23	22	then	then	ADV
cblr-1726	23	23	rep	rep	PROPN
cblr-1726	23	24	.	.	PROPN
cblr-1726	23	25	alan	alan	PROPN
cblr-1726	23	26	grayson	grayson	PROPN
cblr-1726	23	27	of	of	ADP
cblr-1726	23	28	florida	florida	PROPN
cblr-1726	23	29	questioning	question	VERB
cblr-1726	23	30	then	then	ADV
cblr-1726	23	31	federal	federal	PROPN
cblr-1726	23	32	reserve	reserve	PROPN
cblr-1726	23	33	board	board	PROPN
cblr-1726	23	34	chairman	chairman	NOUN
cblr-1726	23	35	ben	ben	PROPN
cblr-1726	23	36	bernanke	bernanke	PROPN
cblr-1726	23	37	before	before	ADP
cblr-1726	23	38	the	the	DET
cblr-1726	23	39	house	house	PROPN
cblr-1726	23	40	financial	financial	PROPN
cblr-1726	23	41	services	services	PROPN
cblr-1726	23	42	committee	committee	NOUN
cblr-1726	23	43	on	on	ADP
cblr-1726	23	44	the	the	DET
cblr-1726	23	45	identity	identity	NOUN
cblr-1726	23	46	of	of	ADP
cblr-1726	23	47	the	the	DET
cblr-1726	23	48	foreign	foreign	ADJ
cblr-1726	23	49	financial	financial	ADJ
cblr-1726	23	50	institutions	institution	NOUN
cblr-1726	23	51	that	that	PRON
cblr-1726	23	52	received	receive	VERB
cblr-1726	23	53	this	this	DET
cblr-1726	23	54	support	support	NOUN
cblr-1726	23	55	)	)	PUNCT
cblr-1726	23	56	.	.	PUNCT
cblr-1726	24	1	this	this	DET
cblr-1726	24	2	controversy	controversy	NOUN
cblr-1726	24	3	continued	continue	VERB
cblr-1726	24	4	to	to	PART
cblr-1726	24	5	rage	rage	VERB
cblr-1726	24	6	on	on	ADP
cblr-1726	24	7	well	well	ADV
cblr-1726	24	8	after	after	ADP
cblr-1726	24	9	the	the	DET
cblr-1726	24	10	acute	acute	ADJ
cblr-1726	24	11	phase	phase	NOUN
cblr-1726	24	12	of	of	ADP
cblr-1726	24	13	the	the	DET
cblr-1726	24	14	crisis	crisis	NOUN
cblr-1726	24	15	.	.	PUNCT
cblr-1726	25	1	see	see	VERB
cblr-1726	25	2	,	,	PUNCT
cblr-1726	25	3	e.g.	e.g.	ADV
cblr-1726	25	4	,	,	PUNCT
cblr-1726	25	5	gerald	gerald	PROPN
cblr-1726	25	6	p.	p.	PROPN
cblr-1726	25	7	o’driscoll	o’driscoll	PROPN
cblr-1726	26	1	jr	jr	PROPN
cblr-1726	26	2	.	.	PROPN
cblr-1726	26	3	,	,	PUNCT
cblr-1726	26	4	the	the	DET
cblr-1726	26	5	federal	federal	PROPN
cblr-1726	26	6	reserve	reserve	PROPN
cblr-1726	26	7	’s	’s	PART
cblr-1726	26	8	covert	covert	ADJ
cblr-1726	26	9	bailout	bailout	NOUN
cblr-1726	26	10	of	of	ADP
cblr-1726	26	11	europe	europe	PROPN
cblr-1726	26	12	,	,	PUNCT
cblr-1726	26	13	wall	wall	PROPN
cblr-1726	26	14	st	st	PROPN
cblr-1726	26	15	.	.	PROPN
cblr-1726	26	16	j.	j.	PROPN
cblr-1726	26	17	(	(	PUNCT
cblr-1726	26	18	dec	dec	PROPN
cblr-1726	26	19	.	.	PROPN
cblr-1726	26	20	28	28	NUM
cblr-1726	26	21	,	,	PUNCT
cblr-1726	26	22	2011	2011	NUM
cblr-1726	26	23	)	)	PUNCT
cblr-1726	26	24	,	,	PUNCT
cblr-1726	26	25	http://www.wsj.com/articles/sb10001424052970204464404577118682763082876	http://www.wsj.com/articles/sb10001424052970204464404577118682763082876	NOUN
cblr-1726	26	26	.	.	NOUN
cblr-1726	26	27	2	2	NUM
cblr-1726	26	28	efraim	efraim	NOUN
cblr-1726	26	29	benmelech	benmelech	NOUN
cblr-1726	26	30	,	,	PUNCT
cblr-1726	26	31	an	an	DET
cblr-1726	26	32	empirical	empirical	ADJ
cblr-1726	26	33	analysis	analysis	NOUN
cblr-1726	26	34	of	of	ADP
cblr-1726	26	35	the	the	DET
cblr-1726	26	36	fed	fed	PROPN
cblr-1726	26	37	’s	’s	PART
cblr-1726	26	38	term	term	NOUN
cblr-1726	26	39	auction	auction	NOUN
cblr-1726	26	40	facility	facility	NOUN
cblr-1726	26	41	,	,	PUNCT
cblr-1726	26	42	2	2	NUM
cblr-1726	26	43	cato	cato	PROPN
cblr-1726	26	44	papers	paper	NOUN
cblr-1726	26	45	on	on	ADP
cblr-1726	26	46	pub	pub	NOUN
cblr-1726	26	47	.	.	PUNCT
cblr-1726	27	1	pol’y	pol’y	NOUN
cblr-1726	27	2	57	57	NUM
cblr-1726	27	3	,	,	PUNCT
cblr-1726	27	4	78–79	78–79	ADV
cblr-1726	27	5	(	(	PUNCT
cblr-1726	27	6	2012	2012	NUM
cblr-1726	27	7	)	)	PUNCT
cblr-1726	27	8	.	.	PUNCT
cblr-1726	28	1	in	in	ADP
cblr-1726	28	2	total	total	ADJ
cblr-1726	28	3	,	,	PUNCT
cblr-1726	28	4	foreign	foreign	ADJ
cblr-1726	28	5	banks	bank	NOUN
cblr-1726	28	6	received	receive	VERB
cblr-1726	28	7	58	58	NUM
cblr-1726	28	8	%	%	NOUN
cblr-1726	28	9	of	of	ADP
cblr-1726	28	10	the	the	DET
cblr-1726	28	11	total	total	ADJ
cblr-1726	28	12	amount	amount	NOUN
cblr-1726	28	13	of	of	ADP
cblr-1726	28	14	money	money	NOUN
cblr-1726	28	15	lent	lend	VERB
cblr-1726	28	16	through	through	ADP
cblr-1726	28	17	taf	taf	PROPN
cblr-1726	28	18	.	.	PUNCT
cblr-1726	29	1	i	i	PRON
cblr-1726	29	2	d.	d.	PROPN
cblr-1726	29	3	at	at	ADP
cblr-1726	29	4	75	75	NUM
cblr-1726	29	5	.	.	PUNCT
cblr-1726	30	1	for	for	ADP
cblr-1726	30	2	details	detail	NOUN
cblr-1726	30	3	of	of	ADP
cblr-1726	30	4	borrowing	borrow	VERB
cblr-1726	30	5	under	under	ADP
cblr-1726	30	6	taf	taf	X
cblr-1726	30	7	,	,	PUNCT
cblr-1726	30	8	see	see	VERB
cblr-1726	30	9	term	term	NOUN
cblr-1726	30	10	auction	auction	NOUN
cblr-1726	30	11	facility	facility	NOUN
cblr-1726	30	12	(	(	PUNCT
cblr-1726	30	13	taf	taf	PROPN
cblr-1726	30	14	)	)	PUNCT
cblr-1726	30	15	,	,	PUNCT
cblr-1726	30	16	bd	bd	PROPN
cblr-1726	30	17	.	.	PROPN
cblr-1726	30	18	of	of	ADP
cblr-1726	30	19	governors	governor	NOUN
cblr-1726	30	20	of	of	ADP
cblr-1726	30	21	the	the	DET
cblr-1726	30	22	fed	fed	PROPN
cblr-1726	30	23	.	.	PUNCT
cblr-1726	31	1	res	re	NOUN
cblr-1726	31	2	.	.	PUNCT
cblr-1726	32	1	sys	sys	PROPN
cblr-1726	32	2	.	.	PROPN
cblr-1726	32	3	,	,	PUNCT
cblr-1726	32	4	https://www.federalreserve.gov/newsevents/reform_taf.htm	https://www.federalreserve.gov/newsevents/reform_taf.htm	X
cblr-1726	33	1	[	[	X
cblr-1726	33	2	perma.cc/6pjr-43f2	perma.cc/6pjr-43f2	X
cblr-1726	33	3	]	]	X
cblr-1726	33	4	.	.	PUNCT
cblr-1726	33	5	3	3	NUM
cblr-1726	33	6	see	see	VERB
cblr-1726	33	7	cong	cong	NOUN
cblr-1726	33	8	.	.	PUNCT
cblr-1726	34	1	oversight	oversight	NOUN
cblr-1726	34	2	panel	panel	NOUN
cblr-1726	34	3	,	,	PUNCT
cblr-1726	34	4	june	june	PROPN
cblr-1726	34	5	oversight	oversight	NOUN
cblr-1726	34	6	report	report	NOUN
cblr-1726	34	7	:	:	PUNCT
cblr-1726	34	8	the	the	DET
cblr-1726	34	9	aig	aig	PROPN
cblr-1726	34	10	rescue	rescue	PROPN
cblr-1726	34	11	,	,	PUNCT
cblr-1726	34	12	its	its	PRON
cblr-1726	34	13	impact	impact	NOUN
cblr-1726	34	14	on	on	ADP
cblr-1726	34	15	markets	market	NOUN
cblr-1726	34	16	,	,	PUNCT
cblr-1726	34	17	and	and	CCONJ
cblr-1726	34	18	the	the	DET
cblr-1726	34	19	government	government	NOUN
cblr-1726	34	20	’s	’s	PART
cblr-1726	34	21	exit	exit	NOUN
cblr-1726	34	22	strategy	strategy	NOUN
cblr-1726	34	23	87–94	87–94	NUM
cblr-1726	34	24	(	(	PUNCT
cblr-1726	34	25	2010	2010	NUM
cblr-1726	34	26	)	)	PUNCT
cblr-1726	34	27	,	,	PUNCT
cblr-1726	34	28	https://www.gpo.gov/fdsys/pkg/cprt-111jprt56698/pdf/cprt111jprt56698.pdf	https://www.gpo.gov/fdsys/pkg/cprt-111jprt56698/pdf/cprt111jprt56698.pdf	X
cblr-1726	34	29	[	[	X
cblr-1726	34	30	perma.cc/ac7g-4ekr	perma.cc/ac7g-4ekr	NOUN
cblr-1726	34	31	]	]	PUNCT
cblr-1726	34	32	.	.	PUNCT
cblr-1726	35	1	awrey	awrey	PROPN
cblr-1726	35	2	–	–	PUNCT
cblr-1726	35	3	final	final	ADJ
cblr-1726	35	4	no	no	NOUN
cblr-1726	35	5	.	.	PUNCT
cblr-1726	36	1	3:934	3:934	X
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cblr-1726	36	3	foreign	foreign	ADJ
cblr-1726	36	4	currency	currency	NOUN
cblr-1726	36	5	liquidity	liquidity	NOUN
cblr-1726	36	6	assistance	assistance	NOUN
cblr-1726	36	7	937	937	NUM
cblr-1726	36	8	foreign	foreign	ADJ
cblr-1726	36	9	banks	bank	NOUN
cblr-1726	36	10	and	and	CCONJ
cblr-1726	36	11	other	other	ADJ
cblr-1726	36	12	financial	financial	ADJ
cblr-1726	36	13	institutions	institution	NOUN
cblr-1726	36	14	under	under	ADP
cblr-1726	36	15	the	the	DET
cblr-1726	36	16	auspices	auspex	NOUN
cblr-1726	36	17	of	of	ADP
cblr-1726	36	18	temporary	temporary	ADJ
cblr-1726	36	19	swap	swap	NOUN
cblr-1726	36	20	lines	line	NOUN
cblr-1726	36	21	established	establish	VERB
cblr-1726	36	22	with	with	ADP
cblr-1726	36	23	other	other	ADJ
cblr-1726	36	24	major	major	ADJ
cblr-1726	36	25	central	central	NOUN
cblr-1726	36	26	banks.4	banks.4	SCONJ
cblr-1726	36	27	this	this	DET
cblr-1726	36	28	extraordinary	extraordinary	ADJ
cblr-1726	36	29	public	public	ADJ
cblr-1726	36	30	support	support	NOUN
cblr-1726	36	31	for	for	ADP
cblr-1726	36	32	foreign	foreign	ADJ
cblr-1726	36	33	banks	bank	NOUN
cblr-1726	36	34	and	and	CCONJ
cblr-1726	36	35	other	other	ADJ
cblr-1726	36	36	financial	financial	ADJ
cblr-1726	36	37	institutions	institution	NOUN
cblr-1726	36	38	is	be	AUX
cblr-1726	36	39	often	often	ADV
cblr-1726	36	40	defended	defend	VERB
cblr-1726	36	41	as	as	ADP
cblr-1726	36	42	having	having	AUX
cblr-1726	36	43	been	be	AUX
cblr-1726	36	44	necessitated	necessitate	VERB
cblr-1726	36	45	by	by	ADP
cblr-1726	36	46	the	the	DET
cblr-1726	36	47	high	high	ADJ
cblr-1726	36	48	level	level	NOUN
cblr-1726	36	49	of	of	ADP
cblr-1726	36	50	integration	integration	NOUN
cblr-1726	36	51	and	and	CCONJ
cblr-1726	36	52	interconnectedness	interconnectedness	NOUN
cblr-1726	36	53	within	within	ADP
cblr-1726	36	54	the	the	DET
cblr-1726	36	55	global	global	ADJ
cblr-1726	36	56	financial	financial	ADJ
cblr-1726	36	57	system	system	NOUN
cblr-1726	36	58	.	.	PUNCT
cblr-1726	37	1	when	when	SCONJ
cblr-1726	37	2	the	the	DET
cblr-1726	37	3	united	united	PROPN
cblr-1726	37	4	states	states	PROPN
cblr-1726	37	5	,	,	PUNCT
cblr-1726	37	6	europe	europe	PROPN
cblr-1726	37	7	,	,	PUNCT
cblr-1726	37	8	or	or	CCONJ
cblr-1726	37	9	other	other	ADJ
cblr-1726	37	10	major	major	ADJ
cblr-1726	37	11	financial	financial	ADJ
cblr-1726	37	12	centers	center	NOUN
cblr-1726	37	13	get	get	VERB
cblr-1726	37	14	a	a	DET
cblr-1726	37	15	sniffle	sniffle	NOUN
cblr-1726	37	16	,	,	PUNCT
cblr-1726	37	17	the	the	DET
cblr-1726	37	18	rest	rest	NOUN
cblr-1726	37	19	of	of	ADP
cblr-1726	37	20	the	the	DET
cblr-1726	37	21	world	world	NOUN
cblr-1726	37	22	stands	stand	VERB
cblr-1726	37	23	at	at	ADP
cblr-1726	37	24	risk	risk	NOUN
cblr-1726	37	25	of	of	ADP
cblr-1726	37	26	catching	catch	VERB
cblr-1726	37	27	a	a	DET
cblr-1726	37	28	cold.5	cold.5	PROPN
cblr-1726	37	29	one	one	NUM
cblr-1726	37	30	of	of	ADP
cblr-1726	37	31	the	the	DET
cblr-1726	37	32	primary	primary	ADJ
cblr-1726	37	33	drivers	driver	NOUN
cblr-1726	37	34	of	of	ADP
cblr-1726	37	35	this	this	DET
cblr-1726	37	36	integration	integration	NOUN
cblr-1726	37	37	and	and	CCONJ
cblr-1726	37	38	interconnectedness	interconnectedness	NOUN
cblr-1726	37	39	stems	stem	VERB
cblr-1726	37	40	from	from	ADP
cblr-1726	37	41	the	the	DET
cblr-1726	37	42	dominant	dominant	ADJ
cblr-1726	37	43	role	role	NOUN
cblr-1726	37	44	of	of	ADP
cblr-1726	37	45	the	the	DET
cblr-1726	37	46	u.s	u.s	PROPN
cblr-1726	37	47	.	.	PROPN
cblr-1726	37	48	dollar	dollar	NOUN
cblr-1726	37	49	in	in	ADP
cblr-1726	37	50	international	international	ADJ
cblr-1726	37	51	trade	trade	NOUN
cblr-1726	37	52	,	,	PUNCT
cblr-1726	37	53	finance	finance	NOUN
cblr-1726	37	54	,	,	PUNCT
cblr-1726	37	55	and	and	CCONJ
cblr-1726	37	56	investment.6	investment.6	NOUN
cblr-1726	37	57	at	at	ADP
cblr-1726	37	58	the	the	DET
cblr-1726	37	59	heart	heart	NOUN
cblr-1726	37	60	of	of	ADP
cblr-1726	37	61	this	this	DET
cblr-1726	37	62	role	role	NOUN
cblr-1726	37	63	is	be	AUX
cblr-1726	37	64	an	an	DET
cblr-1726	37	65	incredibly	incredibly	ADV
cblr-1726	37	66	important	important	ADJ
cblr-1726	37	67	yet	yet	CCONJ
cblr-1726	37	68	relatively	relatively	ADV
cblr-1726	37	69	obscure	obscure	ADJ
cblr-1726	37	70	corner	corner	NOUN
cblr-1726	37	71	of	of	ADP
cblr-1726	37	72	the	the	DET
cblr-1726	37	73	financial	financial	ADJ
cblr-1726	37	74	system	system	NOUN
cblr-1726	37	75	known	know	VERB
cblr-1726	37	76	as	as	ADP
cblr-1726	37	77	the	the	DET
cblr-1726	37	78	“	"	PUNCT
cblr-1726	37	79	eurodollar	eurodollar	ADJ
cblr-1726	37	80	”	"	PUNCT
cblr-1726	37	81	market	market	NOUN
cblr-1726	37	82	.	.	PUNCT
cblr-1726	38	1	we	we	PRON
cblr-1726	38	2	tend	tend	VERB
cblr-1726	38	3	to	to	PART
cblr-1726	38	4	think	think	VERB
cblr-1726	38	5	of	of	ADP
cblr-1726	38	6	money	money	NOUN
cblr-1726	38	7	as	as	ADP
cblr-1726	38	8	something	something	PRON
cblr-1726	38	9	over	over	ADP
cblr-1726	38	10	which	which	PRON
cblr-1726	38	11	states	state	NOUN
cblr-1726	38	12	enjoy	enjoy	VERB
cblr-1726	38	13	absolute	absolute	ADJ
cblr-1726	38	14	sovereignty.7	sovereignty.7	NOUN
cblr-1726	38	15	this	this	DET
cblr-1726	38	16	thinking	thinking	NOUN
cblr-1726	38	17	reflects	reflect	VERB
cblr-1726	38	18	the	the	DET
cblr-1726	38	19	critical	critical	ADJ
cblr-1726	38	20	4	4	NUM
cblr-1726	38	21	see	see	NOUN
cblr-1726	38	22	infra	infra	NOUN
cblr-1726	38	23	part	part	NOUN
cblr-1726	38	24	iv	iv	NUM
cblr-1726	38	25	and	and	CCONJ
cblr-1726	38	26	part	part	NOUN
cblr-1726	38	27	v	v	NOUN
cblr-1726	38	28	for	for	ADP
cblr-1726	38	29	further	further	ADJ
cblr-1726	38	30	details	detail	NOUN
cblr-1726	38	31	regarding	regard	VERB
cblr-1726	38	32	the	the	DET
cblr-1726	38	33	operation	operation	NOUN
cblr-1726	38	34	of	of	ADP
cblr-1726	38	35	these	these	DET
cblr-1726	38	36	central	central	ADJ
cblr-1726	38	37	bank	bank	NOUN
cblr-1726	38	38	swap	swap	NOUN
cblr-1726	38	39	lines	line	NOUN
cblr-1726	38	40	and	and	CCONJ
cblr-1726	38	41	how	how	SCONJ
cblr-1726	38	42	they	they	PRON
cblr-1726	38	43	were	be	AUX
cblr-1726	38	44	employed	employ	VERB
cblr-1726	38	45	during	during	ADP
cblr-1726	38	46	the	the	DET
cblr-1726	38	47	financial	financial	ADJ
cblr-1726	38	48	crisis	crisis	NOUN
cblr-1726	38	49	.	.	PUNCT
cblr-1726	39	1	5	5	NUM
cblr-1726	39	2	indeed	indeed	ADV
cblr-1726	39	3	,	,	PUNCT
cblr-1726	39	4	this	this	PRON
cblr-1726	39	5	is	be	AUX
cblr-1726	39	6	how	how	SCONJ
cblr-1726	39	7	the	the	DET
cblr-1726	39	8	federal	federal	PROPN
cblr-1726	39	9	reserve	reserve	NOUN
cblr-1726	39	10	itself	itself	PRON
cblr-1726	39	11	has	have	AUX
cblr-1726	39	12	framed	frame	VERB
cblr-1726	39	13	this	this	DET
cblr-1726	39	14	rationale	rationale	NOUN
cblr-1726	39	15	in	in	ADP
cblr-1726	39	16	various	various	ADJ
cblr-1726	39	17	public	public	ADJ
cblr-1726	39	18	statements	statement	NOUN
cblr-1726	39	19	,	,	PUNCT
cblr-1726	39	20	including	include	VERB
cblr-1726	39	21	a	a	DET
cblr-1726	39	22	video	video	NOUN
cblr-1726	39	23	designed	design	VERB
cblr-1726	39	24	to	to	PART
cblr-1726	39	25	explain	explain	VERB
cblr-1726	39	26	why	why	SCONJ
cblr-1726	39	27	the	the	DET
cblr-1726	39	28	central	central	PROPN
cblr-1726	39	29	bank	bank	PROPN
cblr-1726	39	30	swap	swap	NOUN
cblr-1726	39	31	lines	line	NOUN
cblr-1726	39	32	are	be	AUX
cblr-1726	39	33	in	in	ADP
cblr-1726	39	34	the	the	DET
cblr-1726	39	35	national	national	ADJ
cblr-1726	39	36	interest	interest	NOUN
cblr-1726	39	37	of	of	ADP
cblr-1726	39	38	the	the	DET
cblr-1726	39	39	united	united	PROPN
cblr-1726	39	40	states	states	PROPN
cblr-1726	39	41	.	.	PUNCT
cblr-1726	40	1	see	see	VERB
cblr-1726	40	2	protecting	protect	VERB
cblr-1726	40	3	the	the	DET
cblr-1726	40	4	u.s	u.s	PROPN
cblr-1726	40	5	.	.	PROPN
cblr-1726	40	6	economy	economy	NOUN
cblr-1726	40	7	from	from	ADP
cblr-1726	40	8	strains	strain	NOUN
cblr-1726	40	9	abroad	abroad	ADV
cblr-1726	40	10	—	—	PUNCT
cblr-1726	40	11	why	why	SCONJ
cblr-1726	40	12	swap	swap	NOUN
cblr-1726	40	13	lines	line	NOUN
cblr-1726	40	14	are	be	AUX
cblr-1726	40	15	in	in	ADP
cblr-1726	40	16	the	the	DET
cblr-1726	40	17	u.s	u.s	PROPN
cblr-1726	40	18	.	.	PROPN
cblr-1726	40	19	national	national	ADJ
cblr-1726	40	20	interest	interest	NOUN
cblr-1726	40	21	,	,	PUNCT
cblr-1726	40	22	fed	fed	PROPN
cblr-1726	40	23	.	.	PUNCT
cblr-1726	41	1	res	res	PROPN
cblr-1726	41	2	.	.	PUNCT
cblr-1726	42	1	bank	bank	PROPN
cblr-1726	42	2	n.y	n.y	PROPN
cblr-1726	42	3	.	.	PROPN
cblr-1726	42	4	(	(	PUNCT
cblr-1726	42	5	sept	sept	PROPN
cblr-1726	42	6	.	.	PROPN
cblr-1726	42	7	19	19	NUM
cblr-1726	42	8	,	,	PUNCT
cblr-1726	42	9	2017	2017	NUM
cblr-1726	42	10	)	)	PUNCT
cblr-1726	42	11	,	,	PUNCT
cblr-1726	42	12	https://www.newyorkfed.org/education/liqswap.html	https://www.newyorkfed.org/education/liqswap.html	PROPN
cblr-1726	42	13	.	.	PROPN
cblr-1726	42	14	6	6	NUM
cblr-1726	42	15	for	for	ADP
cblr-1726	42	16	a	a	DET
cblr-1726	42	17	good	good	ADJ
cblr-1726	42	18	and	and	CCONJ
cblr-1726	42	19	highly	highly	ADV
cblr-1726	42	20	readable	readable	ADJ
cblr-1726	42	21	description	description	NOUN
cblr-1726	42	22	of	of	ADP
cblr-1726	42	23	this	this	DET
cblr-1726	42	24	role	role	NOUN
cblr-1726	42	25	,	,	PUNCT
cblr-1726	42	26	see	see	VERB
cblr-1726	42	27	generally	generally	ADV
cblr-1726	42	28	barry	barry	PROPN
cblr-1726	42	29	eichengreen	eichengreen	PROPN
cblr-1726	42	30	,	,	PUNCT
cblr-1726	42	31	exorbitant	exorbitant	ADJ
cblr-1726	42	32	privilege	privilege	NOUN
cblr-1726	42	33	:	:	PUNCT
cblr-1726	42	34	the	the	DET
cblr-1726	42	35	rise	rise	NOUN
cblr-1726	42	36	and	and	CCONJ
cblr-1726	42	37	fall	fall	NOUN
cblr-1726	42	38	of	of	ADP
cblr-1726	42	39	the	the	DET
cblr-1726	42	40	dollar	dollar	NOUN
cblr-1726	42	41	and	and	CCONJ
cblr-1726	42	42	the	the	DET
cblr-1726	42	43	future	future	NOUN
cblr-1726	42	44	of	of	ADP
cblr-1726	42	45	the	the	DET
cblr-1726	42	46	international	international	ADJ
cblr-1726	42	47	monetary	monetary	ADJ
cblr-1726	42	48	system	system	NOUN
cblr-1726	42	49	(	(	PUNCT
cblr-1726	42	50	2011	2011	NUM
cblr-1726	42	51	)	)	PUNCT
cblr-1726	42	52	.	.	PUNCT
cblr-1726	43	1	7	7	NUM
cblr-1726	43	2	indeed	indeed	ADV
cblr-1726	43	3	,	,	PUNCT
cblr-1726	43	4	while	while	SCONJ
cblr-1726	43	5	reasonable	reasonable	ADJ
cblr-1726	43	6	scholars	scholar	NOUN
cblr-1726	43	7	can	can	AUX
cblr-1726	43	8	and	and	CCONJ
cblr-1726	43	9	do	do	AUX
cblr-1726	43	10	disagree	disagree	VERB
cblr-1726	43	11	about	about	ADP
cblr-1726	43	12	its	its	PRON
cblr-1726	43	13	fundamental	fundamental	ADJ
cblr-1726	43	14	nature	nature	NOUN
cblr-1726	43	15	and	and	CCONJ
cblr-1726	43	16	importance	importance	NOUN
cblr-1726	43	17	,	,	PUNCT
cblr-1726	43	18	there	there	PRON
cblr-1726	43	19	has	have	AUX
cblr-1726	43	20	historically	historically	ADV
cblr-1726	43	21	been	be	AUX
cblr-1726	43	22	a	a	DET
cblr-1726	43	23	remarkable	remarkable	ADJ
cblr-1726	43	24	degree	degree	NOUN
cblr-1726	43	25	of	of	ADP
cblr-1726	43	26	convergence	convergence	NOUN
cblr-1726	43	27	around	around	ADP
cblr-1726	43	28	the	the	DET
cblr-1726	43	29	view	view	NOUN
cblr-1726	43	30	that	that	SCONJ
cblr-1726	43	31	the	the	DET
cblr-1726	43	32	locus	locus	NOUN
cblr-1726	43	33	of	of	ADP
cblr-1726	43	34	monetary	monetary	ADJ
cblr-1726	43	35	sovereignty	sovereignty	NOUN
cblr-1726	43	36	is	be	AUX
cblr-1726	43	37	the	the	DET
cblr-1726	43	38	state	state	NOUN
cblr-1726	43	39	.	.	PUNCT
cblr-1726	44	1	see	see	VERB
cblr-1726	44	2	benjamin	benjamin	PROPN
cblr-1726	44	3	j.	j.	PROPN
cblr-1726	44	4	cohen	cohen	PROPN
cblr-1726	44	5	,	,	PUNCT
cblr-1726	44	6	the	the	DET
cblr-1726	44	7	international	international	ADJ
cblr-1726	44	8	monetary	monetary	ADJ
cblr-1726	44	9	system	system	NOUN
cblr-1726	44	10	:	:	PUNCT
cblr-1726	44	11	diffusion	diffusion	NOUN
cblr-1726	44	12	and	and	CCONJ
cblr-1726	44	13	ambiguity	ambiguity	NOUN
cblr-1726	44	14	,	,	PUNCT
cblr-1726	44	15	84	84	NUM
cblr-1726	44	16	int’l	int’l	NUM
cblr-1726	44	17	affairs	affair	NOUN
cblr-1726	44	18	455	455	NUM
cblr-1726	44	19	,	,	PUNCT
cblr-1726	44	20	464	464	NUM
cblr-1726	44	21	(	(	PUNCT
cblr-1726	44	22	2008	2008	NUM
cblr-1726	44	23	)	)	PUNCT
cblr-1726	44	24	(	(	PUNCT
cblr-1726	44	25	“	"	PUNCT
cblr-1726	44	26	tradition	tradition	NOUN
cblr-1726	44	27	has	have	AUX
cblr-1726	44	28	long	long	ADV
cblr-1726	44	29	assigned	assign	VERB
cblr-1726	44	30	the	the	DET
cblr-1726	44	31	primary	primary	ADJ
cblr-1726	44	32	role	role	NOUN
cblr-1726	44	33	in	in	ADP
cblr-1726	44	34	monetary	monetary	ADJ
cblr-1726	44	35	governance	governance	NOUN
cblr-1726	44	36	to	to	ADP
cblr-1726	44	37	the	the	DET
cblr-1726	44	38	sovereign	sovereign	ADJ
cblr-1726	44	39	state	state	NOUN
cblr-1726	44	40	.	.	PUNCT
cblr-1726	44	41	”	"	PUNCT
cblr-1726	44	42	)	)	PUNCT
cblr-1726	44	43	.	.	PUNCT
cblr-1726	45	1	this	this	DET
cblr-1726	45	2	state	state	NOUN
cblr-1726	45	3	-	-	PUNCT
cblr-1726	45	4	centric	centric	ADJ
cblr-1726	45	5	view	view	NOUN
cblr-1726	45	6	has	have	VERB
cblr-1726	45	7	a	a	DET
cblr-1726	45	8	long	long	ADJ
cblr-1726	45	9	and	and	CCONJ
cblr-1726	45	10	distinguished	distinguished	ADJ
cblr-1726	45	11	pedigree	pedigree	NOUN
cblr-1726	45	12	in	in	ADP
cblr-1726	45	13	western	western	ADJ
cblr-1726	45	14	political	political	ADJ
cblr-1726	45	15	thought	thought	NOUN
cblr-1726	45	16	.	.	PUNCT
cblr-1726	46	1	thomas	thomas	PROPN
cblr-1726	46	2	hobbes	hobbes	PROPN
cblr-1726	46	3	,	,	PUNCT
cblr-1726	46	4	john	john	PROPN
cblr-1726	46	5	stuart	stuart	PROPN
cblr-1726	46	6	mill	mill	PROPN
cblr-1726	46	7	,	,	PUNCT
cblr-1726	46	8	and	and	CCONJ
cblr-1726	46	9	adam	adam	PROPN
cblr-1726	46	10	smith	smith	PROPN
cblr-1726	46	11	each	each	PRON
cblr-1726	46	12	acknowledged	acknowledge	VERB
cblr-1726	46	13	the	the	DET
cblr-1726	46	14	central	central	ADJ
cblr-1726	46	15	role	role	NOUN
cblr-1726	46	16	of	of	ADP
cblr-1726	46	17	the	the	DET
cblr-1726	46	18	state	state	NOUN
cblr-1726	46	19	in	in	ADP
cblr-1726	46	20	monetary	monetary	ADJ
cblr-1726	46	21	affairs	affair	NOUN
cblr-1726	46	22	.	.	PUNCT
cblr-1726	47	1	see	see	VERB
cblr-1726	47	2	thomas	thomas	PROPN
cblr-1726	47	3	hobbes	hobbes	PROPN
cblr-1726	47	4	,	,	PUNCT
cblr-1726	47	5	leviathan	leviathan	PROPN
cblr-1726	47	6	189	189	NUM
cblr-1726	47	7	(	(	PUNCT
cblr-1726	47	8	michael	michael	PROPN
cblr-1726	47	9	oakeshott	oakeshott	PROPN
cblr-1726	47	10	ed	ed	PROPN
cblr-1726	47	11	.	.	PROPN
cblr-1726	47	12	,	,	PUNCT
cblr-1726	47	13	collier	collier	NOUN
cblr-1726	47	14	books	book	NOUN
cblr-1726	47	15	1962	1962	NUM
cblr-1726	47	16	)	)	PUNCT
cblr-1726	47	17	(	(	PUNCT
cblr-1726	47	18	1651	1651	NUM
cblr-1726	47	19	)	)	PUNCT
cblr-1726	47	20	(	(	PUNCT
cblr-1726	47	21	“	"	PUNCT
cblr-1726	47	22	.	.	PUNCT
cblr-1726	47	23	.	.	PUNCT
cblr-1726	47	24	.	.	PUNCT
cblr-1726	48	1	money	money	NOUN
cblr-1726	48	2	,	,	PUNCT
cblr-1726	48	3	of	of	ADP
cblr-1726	48	4	what	what	DET
cblr-1726	48	5	matter	matter	NOUN
cblr-1726	48	6	soever	soever	NOUN
cblr-1726	48	7	coined	coin	VERB
cblr-1726	48	8	by	by	ADP
cblr-1726	48	9	the	the	DET
cblr-1726	48	10	sovereign	sovereign	NOUN
cblr-1726	48	11	of	of	ADP
cblr-1726	48	12	a	a	DET
cblr-1726	48	13	commonwealth	commonwealth	NOUN
cblr-1726	48	14	,	,	PUNCT
cblr-1726	48	15	is	be	AUX
cblr-1726	48	16	a	a	DET
cblr-1726	48	17	sufficient	sufficient	ADJ
cblr-1726	48	18	measure	measure	NOUN
cblr-1726	48	19	of	of	ADP
cblr-1726	48	20	the	the	DET
cblr-1726	48	21	value	value	NOUN
cblr-1726	48	22	of	of	ADP
cblr-1726	48	23	all	all	DET
cblr-1726	48	24	things	thing	NOUN
cblr-1726	48	25	else	else	ADV
cblr-1726	48	26	,	,	PUNCT
cblr-1726	48	27	between	between	ADP
cblr-1726	48	28	the	the	DET
cblr-1726	48	29	subjects	subject	NOUN
cblr-1726	48	30	of	of	ADP
cblr-1726	48	31	that	that	DET
cblr-1726	48	32	commonwealth	commonwealth	NOUN
cblr-1726	48	33	.	.	PUNCT
cblr-1726	49	1	by	by	ADP
cblr-1726	49	2	the	the	DET
cblr-1726	49	3	means	mean	NOUN
cblr-1726	49	4	of	of	ADP
cblr-1726	49	5	which	which	DET
cblr-1726	49	6	measure	measure	NOUN
cblr-1726	49	7	,	,	PUNCT
cblr-1726	49	8	all	all	DET
cblr-1726	49	9	commodities	commodity	NOUN
cblr-1726	49	10	,	,	PUNCT
cblr-1726	49	11	movable	movable	ADJ
cblr-1726	49	12	and	and	CCONJ
cblr-1726	49	13	immovable	immovable	ADJ
cblr-1726	49	14	,	,	PUNCT
cblr-1726	49	15	are	be	AUX
cblr-1726	49	16	made	make	VERB
cblr-1726	49	17	to	to	PART
cblr-1726	49	18	accompany	accompany	VERB
cblr-1726	49	19	a	a	DET
cblr-1726	49	20	man	man	NOUN
cblr-1726	49	21	to	to	ADP
cblr-1726	49	22	awrey	awrey	NOUN
cblr-1726	49	23	–	–	PUNCT
cblr-1726	50	1	final	final	ADJ
cblr-1726	50	2	938	938	NUM
cblr-1726	50	3	columbia	columbia	PROPN
cblr-1726	50	4	business	business	NOUN
cblr-1726	50	5	law	law	PROPN
cblr-1726	50	6	review	review	NOUN
cblr-1726	50	7	[	[	X
cblr-1726	50	8	vol	vol	NOUN
cblr-1726	50	9	.	.	NOUN
cblr-1726	50	10	2017	2017	NUM
cblr-1726	50	11	role	role	NOUN
cblr-1726	50	12	that	that	PRON
cblr-1726	50	13	states	state	NOUN
cblr-1726	50	14	play	play	VERB
cblr-1726	50	15	in	in	ADP
cblr-1726	50	16	establishing	establish	VERB
cblr-1726	50	17	and	and	CCONJ
cblr-1726	50	18	maintaining	maintain	VERB
cblr-1726	50	19	the	the	DET
cblr-1726	50	20	core	core	NOUN
cblr-1726	50	21	legal	legal	ADJ
cblr-1726	50	22	and	and	CCONJ
cblr-1726	50	23	economic	economic	ADJ
cblr-1726	50	24	institutions	institution	NOUN
cblr-1726	50	25	around	around	ADP
cblr-1726	50	26	which	which	PRON
cblr-1726	50	27	modern	modern	ADJ
cblr-1726	50	28	monetary	monetary	ADJ
cblr-1726	50	29	systems	system	NOUN
cblr-1726	50	30	are	be	AUX
cblr-1726	50	31	built.8	built.8	NOUN
cblr-1726	50	32	states	state	NOUN
cblr-1726	50	33	define	define	VERB
cblr-1726	50	34	which	which	DET
cblr-1726	50	35	instruments	instrument	NOUN
cblr-1726	50	36	qualify	qualify	VERB
cblr-1726	50	37	as	as	ADP
cblr-1726	50	38	“	"	PUNCT
cblr-1726	50	39	legal	legal	ADJ
cblr-1726	50	40	tender	tender	NOUN
cblr-1726	50	41	”	"	PUNCT
cblr-1726	50	42	,	,	PUNCT
cblr-1726	50	43	prescribe	prescribe	VERB
cblr-1726	50	44	what	what	PRON
cblr-1726	50	45	means	mean	VERB
cblr-1726	50	46	of	of	ADP
cblr-1726	50	47	payment	payment	NOUN
cblr-1726	50	48	can	can	AUX
cblr-1726	50	49	be	be	AUX
cblr-1726	50	50	used	use	VERB
cblr-1726	50	51	to	to	PART
cblr-1726	50	52	pay	pay	VERB
cblr-1726	50	53	taxes	taxis	NOUN
cblr-1726	50	54	,	,	PUNCT
cblr-1726	50	55	and	and	CCONJ
cblr-1726	50	56	oversee	oversee	VERB
cblr-1726	50	57	the	the	DET
cblr-1726	50	58	process	process	NOUN
cblr-1726	50	59	of	of	ADP
cblr-1726	50	60	minting	mint	VERB
cblr-1726	50	61	coins	coin	NOUN
cblr-1726	50	62	all	all	DET
cblr-1726	50	63	places	place	NOUN
cblr-1726	50	64	of	of	ADP
cblr-1726	50	65	his	his	PRON
cblr-1726	50	66	resort	resort	NOUN
cblr-1726	50	67	,	,	PUNCT
cblr-1726	50	68	within	within	ADP
cblr-1726	50	69	and	and	CCONJ
cblr-1726	50	70	without	without	ADP
cblr-1726	50	71	the	the	DET
cblr-1726	50	72	place	place	NOUN
cblr-1726	50	73	of	of	ADP
cblr-1726	50	74	his	his	PRON
cblr-1726	50	75	ordinary	ordinary	ADJ
cblr-1726	50	76	residence	residence	NOUN
cblr-1726	50	77	;	;	PUNCT
cblr-1726	50	78	and	and	CCONJ
cblr-1726	50	79	the	the	DET
cblr-1726	50	80	same	same	ADJ
cblr-1726	50	81	passeth	passeth	NOUN
cblr-1726	50	82	from	from	ADP
cblr-1726	50	83	man	man	NOUN
cblr-1726	50	84	to	to	ADP
cblr-1726	50	85	man	man	NOUN
cblr-1726	50	86	,	,	PUNCT
cblr-1726	50	87	within	within	ADP
cblr-1726	50	88	the	the	DET
cblr-1726	50	89	commonwealth	commonwealth	NOUN
cblr-1726	50	90	;	;	PUNCT
cblr-1726	50	91	and	and	CCONJ
cblr-1726	50	92	goes	go	VERB
cblr-1726	50	93	round	round	ADV
cblr-1726	50	94	about	about	ADP
cblr-1726	50	95	,	,	PUNCT
cblr-1726	50	96	nourishing	nourishing	NOUN
cblr-1726	50	97	,	,	PUNCT
cblr-1726	50	98	as	as	SCONJ
cblr-1726	50	99	it	it	PRON
cblr-1726	50	100	passeth	passeth	VERB
cblr-1726	50	101	,	,	PUNCT
cblr-1726	50	102	every	every	DET
cblr-1726	50	103	part	part	NOUN
cblr-1726	50	104	thereof	thereof	ADV
cblr-1726	50	105	;	;	PUNCT
cblr-1726	50	106	in	in	ADP
cblr-1726	50	107	so	so	ADV
cblr-1726	50	108	much	much	ADV
cblr-1726	50	109	as	as	ADP
cblr-1726	50	110	this	this	DET
cblr-1726	50	111	concoction	concoction	NOUN
cblr-1726	50	112	,	,	PUNCT
cblr-1726	50	113	is	be	AUX
cblr-1726	50	114	as	as	SCONJ
cblr-1726	50	115	it	it	PRON
cblr-1726	50	116	were	be	AUX
cblr-1726	50	117	the	the	DET
cblr-1726	50	118	sanguification	sanguification	NOUN
cblr-1726	50	119	of	of	ADP
cblr-1726	50	120	the	the	DET
cblr-1726	50	121	commonwealth	commonwealth	NOUN
cblr-1726	50	122	:	:	PUNCT
cblr-1726	50	123	for	for	SCONJ
cblr-1726	50	124	natural	natural	ADJ
cblr-1726	50	125	blood	blood	NOUN
cblr-1726	50	126	is	be	AUX
cblr-1726	50	127	in	in	ADP
cblr-1726	50	128	like	like	ADP
cblr-1726	50	129	manner	manner	NOUN
cblr-1726	50	130	made	make	VERB
cblr-1726	50	131	of	of	ADP
cblr-1726	50	132	the	the	DET
cblr-1726	50	133	fruits	fruit	NOUN
cblr-1726	50	134	of	of	ADP
cblr-1726	50	135	the	the	DET
cblr-1726	50	136	earth	earth	NOUN
cblr-1726	50	137	;	;	PUNCT
cblr-1726	50	138	and	and	CCONJ
cblr-1726	50	139	circulating	circulate	VERB
cblr-1726	50	140	,	,	PUNCT
cblr-1726	50	141	nourisheth	nourisheth	NOUN
cblr-1726	50	142	by	by	ADP
cblr-1726	50	143	the	the	DET
cblr-1726	50	144	way	way	NOUN
cblr-1726	50	145	every	every	DET
cblr-1726	50	146	member	member	NOUN
cblr-1726	50	147	of	of	ADP
cblr-1726	50	148	the	the	DET
cblr-1726	50	149	body	body	NOUN
cblr-1726	50	150	of	of	ADP
cblr-1726	50	151	man	man	NOUN
cblr-1726	50	152	.	.	PUNCT
cblr-1726	50	153	”	"	PUNCT
cblr-1726	50	154	)	)	PUNCT
cblr-1726	50	155	;	;	PUNCT
cblr-1726	50	156	john	john	PROPN
cblr-1726	50	157	stuart	stuart	PROPN
cblr-1726	50	158	mill	mill	PROPN
cblr-1726	50	159	,	,	PUNCT
cblr-1726	50	160	principles	principle	NOUN
cblr-1726	50	161	of	of	ADP
cblr-1726	50	162	political	political	ADJ
cblr-1726	50	163	economy	economy	NOUN
cblr-1726	50	164	with	with	ADP
cblr-1726	50	165	some	some	PRON
cblr-1726	50	166	of	of	ADP
cblr-1726	50	167	their	their	PRON
cblr-1726	50	168	applications	application	NOUN
cblr-1726	50	169	to	to	ADP
cblr-1726	50	170	social	social	ADJ
cblr-1726	50	171	philosophy	philosophy	NOUN
cblr-1726	50	172	151	151	NUM
cblr-1726	50	173	(	(	PUNCT
cblr-1726	50	174	1848	1848	NUM
cblr-1726	50	175	)	)	PUNCT
cblr-1726	50	176	(	(	PUNCT
cblr-1726	50	177	“	"	PUNCT
cblr-1726	50	178	so	so	ADV
cblr-1726	50	179	much	much	ADJ
cblr-1726	50	180	of	of	ADP
cblr-1726	50	181	barbarism	barbarism	NOUN
cblr-1726	50	182	.	.	PUNCT
cblr-1726	50	183	.	.	PUNCT
cblr-1726	50	184	.	.	PUNCT
cblr-1726	51	1	still	still	ADV
cblr-1726	51	2	remains	remain	VERB
cblr-1726	51	3	in	in	ADP
cblr-1726	51	4	the	the	DET
cblr-1726	51	5	transactions	transaction	NOUN
cblr-1726	51	6	of	of	ADP
cblr-1726	51	7	the	the	DET
cblr-1726	51	8	most	most	ADV
cblr-1726	51	9	civilized	civilized	ADJ
cblr-1726	51	10	nations	nation	NOUN
cblr-1726	51	11	,	,	PUNCT
cblr-1726	51	12	that	that	SCONJ
cblr-1726	51	13	almost	almost	ADV
cblr-1726	51	14	all	all	PRON
cblr-1726	51	15	independent	independent	ADJ
cblr-1726	51	16	countries	country	NOUN
cblr-1726	51	17	choose	choose	VERB
cblr-1726	51	18	to	to	PART
cblr-1726	51	19	assert	assert	VERB
cblr-1726	51	20	their	their	PRON
cblr-1726	51	21	nationality	nationality	NOUN
cblr-1726	51	22	by	by	ADP
cblr-1726	51	23	having	have	VERB
cblr-1726	51	24	,	,	PUNCT
cblr-1726	51	25	to	to	ADP
cblr-1726	51	26	their	their	PRON
cblr-1726	51	27	own	own	ADJ
cblr-1726	51	28	inconvenience	inconvenience	NOUN
cblr-1726	51	29	and	and	CCONJ
cblr-1726	51	30	that	that	PRON
cblr-1726	51	31	of	of	ADP
cblr-1726	51	32	their	their	PRON
cblr-1726	51	33	neighbours	neighbour	NOUN
cblr-1726	51	34	,	,	PUNCT
cblr-1726	51	35	a	a	DET
cblr-1726	51	36	peculiar	peculiar	ADJ
cblr-1726	51	37	currency	currency	NOUN
cblr-1726	51	38	of	of	ADP
cblr-1726	51	39	their	their	PRON
cblr-1726	51	40	own	own	ADJ
cblr-1726	51	41	.	.	PUNCT
cblr-1726	51	42	”	"	PUNCT
cblr-1726	51	43	)	)	PUNCT
cblr-1726	51	44	;	;	PUNCT
cblr-1726	51	45	adam	adam	PROPN
cblr-1726	51	46	smith	smith	PROPN
cblr-1726	51	47	,	,	PUNCT
cblr-1726	51	48	an	an	DET
cblr-1726	51	49	inquiry	inquiry	NOUN
cblr-1726	51	50	into	into	ADP
cblr-1726	51	51	the	the	DET
cblr-1726	51	52	nature	nature	NOUN
cblr-1726	51	53	and	and	CCONJ
cblr-1726	51	54	causes	cause	NOUN
cblr-1726	51	55	of	of	ADP
cblr-1726	51	56	the	the	DET
cblr-1726	51	57	wealth	wealth	NOUN
cblr-1726	51	58	of	of	ADP
cblr-1726	51	59	nations	nation	NOUN
cblr-1726	51	60	410–11	410–11	PROPN
cblr-1726	51	61	(	(	PUNCT
cblr-1726	51	62	thomas	thomas	PROPN
cblr-1726	51	63	dobson	dobson	PROPN
cblr-1726	51	64	1796	1796	NUM
cblr-1726	51	65	)	)	PUNCT
cblr-1726	51	66	(	(	PUNCT
cblr-1726	51	67	1776	1776	NUM
cblr-1726	51	68	)	)	PUNCT
cblr-1726	51	69	(	(	PUNCT
cblr-1726	51	70	“	"	PUNCT
cblr-1726	51	71	a	a	DET
cblr-1726	51	72	prince	prince	NOUN
cblr-1726	51	73	,	,	PUNCT
cblr-1726	51	74	who	who	PRON
cblr-1726	51	75	should	should	AUX
cblr-1726	51	76	enact	enact	VERB
cblr-1726	51	77	that	that	SCONJ
cblr-1726	51	78	a	a	DET
cblr-1726	51	79	certain	certain	ADJ
cblr-1726	51	80	proportion	proportion	NOUN
cblr-1726	51	81	of	of	ADP
cblr-1726	51	82	his	his	PRON
cblr-1726	51	83	taxes	taxis	NOUN
cblr-1726	51	84	should	should	AUX
cblr-1726	51	85	be	be	AUX
cblr-1726	51	86	paid	pay	VERB
cblr-1726	51	87	in	in	ADP
cblr-1726	51	88	a	a	DET
cblr-1726	51	89	paper	paper	NOUN
cblr-1726	51	90	money	money	NOUN
cblr-1726	51	91	of	of	ADP
cblr-1726	51	92	a	a	DET
cblr-1726	51	93	certain	certain	ADJ
cblr-1726	51	94	kind	kind	NOUN
cblr-1726	51	95	,	,	PUNCT
cblr-1726	51	96	might	might	AUX
cblr-1726	51	97	thereby	thereby	ADV
cblr-1726	51	98	give	give	VERB
cblr-1726	51	99	a	a	DET
cblr-1726	51	100	certain	certain	ADJ
cblr-1726	51	101	value	value	NOUN
cblr-1726	51	102	to	to	ADP
cblr-1726	51	103	this	this	DET
cblr-1726	51	104	paper	paper	NOUN
cblr-1726	51	105	money	money	NOUN
cblr-1726	51	106	.	.	PUNCT
cblr-1726	51	107	”	"	PUNCT
cblr-1726	51	108	)	)	PUNCT
cblr-1726	51	109	.	.	PUNCT
cblr-1726	52	1	benjamin	benjamin	PROPN
cblr-1726	52	2	franklin	franklin	PROPN
cblr-1726	52	3	,	,	PUNCT
cblr-1726	52	4	meanwhile	meanwhile	ADV
cblr-1726	52	5	,	,	PUNCT
cblr-1726	52	6	viewed	view	VERB
cblr-1726	52	7	the	the	DET
cblr-1726	52	8	ability	ability	NOUN
cblr-1726	52	9	of	of	ADP
cblr-1726	52	10	a	a	DET
cblr-1726	52	11	state	state	NOUN
cblr-1726	52	12	to	to	PART
cblr-1726	52	13	issue	issue	VERB
cblr-1726	52	14	its	its	PRON
cblr-1726	52	15	own	own	ADJ
cblr-1726	52	16	money	money	NOUN
cblr-1726	52	17	as	as	ADP
cblr-1726	52	18	a	a	DET
cblr-1726	52	19	prerequisite	prerequisite	NOUN
cblr-1726	52	20	of	of	ADP
cblr-1726	52	21	sovereignty	sovereignty	NOUN
cblr-1726	52	22	.	.	PUNCT
cblr-1726	53	1	see	see	VERB
cblr-1726	53	2	pavlina	pavlina	PROPN
cblr-1726	53	3	r.	r.	PROPN
cblr-1726	53	4	tcherneva	tcherneva	PROPN
cblr-1726	53	5	,	,	PUNCT
cblr-1726	53	6	money	money	NOUN
cblr-1726	53	7	,	,	PUNCT
cblr-1726	53	8	power	power	NOUN
cblr-1726	53	9	,	,	PUNCT
cblr-1726	53	10	and	and	CCONJ
cblr-1726	53	11	monetary	monetary	ADJ
cblr-1726	53	12	regimes	regime	NOUN
cblr-1726	53	13	13	13	NUM
cblr-1726	53	14	(	(	PUNCT
cblr-1726	54	1	levy	levy	NOUN
cblr-1726	54	2	econ	econ	X
cblr-1726	54	3	.	.	PUNCT
cblr-1726	54	4	inst	inst	PROPN
cblr-1726	54	5	.	.	PROPN
cblr-1726	54	6	of	of	ADP
cblr-1726	54	7	bard	bard	PROPN
cblr-1726	54	8	coll	coll	PROPN
cblr-1726	54	9	.	.	PROPN
cblr-1726	54	10	,	,	PUNCT
cblr-1726	54	11	working	working	NOUN
cblr-1726	54	12	paper	paper	NOUN
cblr-1726	54	13	no	no	INTJ
cblr-1726	54	14	.	.	PROPN
cblr-1726	54	15	861	861	NUM
cblr-1726	54	16	,	,	PUNCT
cblr-1726	54	17	2016	2016	NUM
cblr-1726	54	18	)	)	PUNCT
cblr-1726	54	19	(	(	PUNCT
cblr-1726	54	20	citing	cite	VERB
cblr-1726	54	21	karl	karl	PROPN
cblr-1726	54	22	rhodes	rhodes	PROPN
cblr-1726	54	23	,	,	PUNCT
cblr-1726	54	24	the	the	DET
cblr-1726	54	25	counterfeiting	counterfeiting	NOUN
cblr-1726	54	26	weapon	weapon	NOUN
cblr-1726	54	27	,	,	PUNCT
cblr-1726	54	28	16	16	NUM
cblr-1726	54	29	region	region	NOUN
cblr-1726	54	30	focus	focus	VERB
cblr-1726	54	31	34	34	NUM
cblr-1726	54	32	,	,	PUNCT
cblr-1726	54	33	34–35	34–35	NUM
cblr-1726	54	34	(	(	PUNCT
cblr-1726	54	35	2012	2012	NUM
cblr-1726	54	36	)	)	PUNCT
cblr-1726	54	37	.	.	PUNCT
cblr-1726	55	1	for	for	ADP
cblr-1726	55	2	some	some	DET
cblr-1726	55	3	insight	insight	NOUN
cblr-1726	55	4	into	into	ADP
cblr-1726	55	5	franklin	franklin	PROPN
cblr-1726	55	6	’s	’s	PART
cblr-1726	55	7	views	view	NOUN
cblr-1726	55	8	on	on	ADP
cblr-1726	55	9	the	the	DET
cblr-1726	55	10	importance	importance	NOUN
cblr-1726	55	11	of	of	ADP
cblr-1726	55	12	money	money	NOUN
cblr-1726	55	13	to	to	ADP
cblr-1726	55	14	the	the	DET
cblr-1726	55	15	economic	economic	ADJ
cblr-1726	55	16	prosperity	prosperity	NOUN
cblr-1726	55	17	of	of	ADP
cblr-1726	55	18	the	the	DET
cblr-1726	55	19	american	american	ADJ
cblr-1726	55	20	colonies	colony	NOUN
cblr-1726	55	21	,	,	PUNCT
cblr-1726	55	22	see	see	VERB
cblr-1726	55	23	the	the	DET
cblr-1726	55	24	nature	nature	NOUN
cblr-1726	55	25	and	and	CCONJ
cblr-1726	55	26	necessity	necessity	NOUN
cblr-1726	55	27	of	of	ADP
cblr-1726	55	28	a	a	DET
cblr-1726	55	29	paper	paper	NOUN
cblr-1726	55	30	-	-	PUNCT
cblr-1726	55	31	currency	currency	NOUN
cblr-1726	55	32	,	,	PUNCT
cblr-1726	55	33	3	3	NUM
cblr-1726	55	34	april	april	PROPN
cblr-1726	55	35	1729	1729	NUM
cblr-1726	55	36	,	,	PUNCT
cblr-1726	55	37	nat’l	nat’l	NOUN
cblr-1726	55	38	archives	archive	NOUN
cblr-1726	55	39	(	(	PUNCT
cblr-1726	55	40	last	last	ADJ
cblr-1726	55	41	updated	update	VERB
cblr-1726	55	42	june	june	PROPN
cblr-1726	55	43	29	29	NUM
cblr-1726	55	44	,	,	PUNCT
cblr-1726	55	45	2017	2017	NUM
cblr-1726	55	46	)	)	PUNCT
cblr-1726	55	47	,	,	PUNCT
cblr-1726	55	48	http://founders.archives.gov/documents/franklin/01-01-02-0041	http://founders.archives.gov/documents/franklin/01-01-02-0041	X
cblr-1726	56	1	[	[	X
cblr-1726	56	2	perma.cc/gtt8-3y2c	perma.cc/gtt8-3y2c	X
cblr-1726	56	3	]	]	X
cblr-1726	56	4	.	.	PUNCT
cblr-1726	57	1	for	for	ADP
cblr-1726	57	2	more	more	ADV
cblr-1726	57	3	recent	recent	ADJ
cblr-1726	57	4	treatises	treatise	NOUN
cblr-1726	57	5	reflecting	reflect	VERB
cblr-1726	57	6	this	this	DET
cblr-1726	57	7	state	state	NOUN
cblr-1726	57	8	-	-	PUNCT
cblr-1726	57	9	centric	centric	ADJ
cblr-1726	57	10	view	view	NOUN
cblr-1726	57	11	,	,	PUNCT
cblr-1726	57	12	see	see	VERB
cblr-1726	57	13	rosa	rosa	PROPN
cblr-1726	57	14	maría	maría	PROPN
cblr-1726	57	15	lastra	lastra	PROPN
cblr-1726	57	16	,	,	PUNCT
cblr-1726	57	17	international	international	ADJ
cblr-1726	57	18	financial	financial	ADJ
cblr-1726	57	19	and	and	CCONJ
cblr-1726	57	20	monetary	monetary	ADJ
cblr-1726	57	21	law	law	NOUN
cblr-1726	57	22	3–4	3–4	NUM
cblr-1726	57	23	(	(	PUNCT
cblr-1726	57	24	2d	2d	NUM
cblr-1726	57	25	ed	ed	NOUN
cblr-1726	57	26	.	.	PROPN
cblr-1726	57	27	2015	2015	NUM
cblr-1726	57	28	)	)	PUNCT
cblr-1726	57	29	;	;	PUNCT
cblr-1726	57	30	charles	charles	PROPN
cblr-1726	57	31	proctor	proctor	PROPN
cblr-1726	57	32	,	,	PUNCT
cblr-1726	57	33	mann	mann	PROPN
cblr-1726	57	34	on	on	ADP
cblr-1726	57	35	the	the	DET
cblr-1726	57	36	legal	legal	ADJ
cblr-1726	57	37	aspect	aspect	NOUN
cblr-1726	57	38	of	of	ADP
cblr-1726	57	39	money	money	NOUN
cblr-1726	57	40	500–01	500–01	NOUN
cblr-1726	57	41	(	(	PUNCT
cblr-1726	57	42	6th	6th	ADJ
cblr-1726	57	43	ed	ed	NOUN
cblr-1726	57	44	.	.	PROPN
cblr-1726	57	45	2005	2005	NUM
cblr-1726	57	46	)	)	PUNCT
cblr-1726	57	47	.	.	PUNCT
cblr-1726	58	1	8	8	NUM
cblr-1726	58	2	this	this	DET
cblr-1726	58	3	view	view	NOUN
cblr-1726	58	4	is	be	AUX
cblr-1726	58	5	often	often	ADV
cblr-1726	58	6	described	describe	VERB
cblr-1726	58	7	as	as	ADP
cblr-1726	58	8	the	the	DET
cblr-1726	58	9	“	"	PUNCT
cblr-1726	58	10	chartalist	chartalist	NOUN
cblr-1726	58	11	”	"	PUNCT
cblr-1726	58	12	theory	theory	NOUN
cblr-1726	58	13	of	of	ADP
cblr-1726	58	14	money	money	NOUN
cblr-1726	58	15	.	.	PUNCT
cblr-1726	59	1	see	see	VERB
cblr-1726	59	2	1	1	NUM
cblr-1726	59	3	john	john	PROPN
cblr-1726	59	4	maynard	maynard	PROPN
cblr-1726	59	5	keynes	keynes	PROPN
cblr-1726	59	6	,	,	PUNCT
cblr-1726	59	7	a	a	DET
cblr-1726	59	8	treatise	treatise	NOUN
cblr-1726	59	9	on	on	ADP
cblr-1726	59	10	money	money	NOUN
cblr-1726	59	11	:	:	PUNCT
cblr-1726	59	12	the	the	DET
cblr-1726	59	13	pure	pure	ADJ
cblr-1726	59	14	theory	theory	NOUN
cblr-1726	59	15	of	of	ADP
cblr-1726	59	16	money	money	NOUN
cblr-1726	59	17	4–7	4–7	NOUN
cblr-1726	59	18	(	(	PUNCT
cblr-1726	59	19	reprinted	reprint	VERB
cblr-1726	59	20	1953	1953	NUM
cblr-1726	59	21	)	)	PUNCT
cblr-1726	59	22	(	(	PUNCT
cblr-1726	59	23	1930	1930	NUM
cblr-1726	59	24	)	)	PUNCT
cblr-1726	59	25	;	;	PUNCT
cblr-1726	59	26	georg	georg	PROPN
cblr-1726	59	27	friedrich	friedrich	PROPN
cblr-1726	59	28	knapp	knapp	PROPN
cblr-1726	59	29	,	,	PUNCT
cblr-1726	59	30	the	the	DET
cblr-1726	59	31	state	state	NOUN
cblr-1726	59	32	theory	theory	NOUN
cblr-1726	59	33	of	of	ADP
cblr-1726	59	34	money	money	NOUN
cblr-1726	59	35	31–32	31–32	NUM
cblr-1726	59	36	(	(	PUNCT
cblr-1726	59	37	reprinted	reprint	VERB
cblr-1726	59	38	1973	1973	NUM
cblr-1726	59	39	)	)	PUNCT
cblr-1726	59	40	(	(	PUNCT
cblr-1726	59	41	1924	1924	NUM
cblr-1726	59	42	)	)	PUNCT
cblr-1726	59	43	;	;	PUNCT
cblr-1726	59	44	abba	abba	PROPN
cblr-1726	59	45	p.	p.	PROPN
cblr-1726	59	46	lerner	lerner	PROPN
cblr-1726	59	47	,	,	PUNCT
cblr-1726	59	48	money	money	NOUN
cblr-1726	59	49	as	as	ADP
cblr-1726	59	50	a	a	DET
cblr-1726	59	51	creature	creature	NOUN
cblr-1726	59	52	of	of	ADP
cblr-1726	59	53	the	the	DET
cblr-1726	59	54	state	state	NOUN
cblr-1726	59	55	,	,	PUNCT
cblr-1726	59	56	37	37	NUM
cblr-1726	59	57	am	am	NOUN
cblr-1726	59	58	.	.	PUNCT
cblr-1726	60	1	econ	econ	PROPN
cblr-1726	60	2	.	.	PUNCT
cblr-1726	61	1	rev	rev	PROPN
cblr-1726	61	2	.	.	PROPN
cblr-1726	62	1	312	312	NUM
cblr-1726	62	2	(	(	PUNCT
cblr-1726	62	3	1947	1947	NUM
cblr-1726	62	4	)	)	PUNCT
cblr-1726	62	5	.	.	PUNCT
cblr-1726	63	1	for	for	ADP
cblr-1726	63	2	a	a	DET
cblr-1726	63	3	detailed	detailed	ADJ
cblr-1726	63	4	historical	historical	ADJ
cblr-1726	63	5	study	study	NOUN
cblr-1726	63	6	of	of	ADP
cblr-1726	63	7	the	the	DET
cblr-1726	63	8	role	role	NOUN
cblr-1726	63	9	of	of	ADP
cblr-1726	63	10	the	the	DET
cblr-1726	63	11	state	state	NOUN
cblr-1726	63	12	in	in	ADP
cblr-1726	63	13	the	the	DET
cblr-1726	63	14	development	development	NOUN
cblr-1726	63	15	of	of	ADP
cblr-1726	63	16	money	money	NOUN
cblr-1726	63	17	and	and	CCONJ
cblr-1726	63	18	monetary	monetary	ADJ
cblr-1726	63	19	institutions	institution	NOUN
cblr-1726	63	20	in	in	ADP
cblr-1726	63	21	the	the	DET
cblr-1726	63	22	united	united	ADJ
cblr-1726	63	23	kingdom	kingdom	PROPN
cblr-1726	63	24	,	,	PUNCT
cblr-1726	63	25	see	see	VERB
cblr-1726	63	26	christine	christine	PROPN
cblr-1726	63	27	desan	desan	PROPN
cblr-1726	63	28	,	,	PUNCT
cblr-1726	63	29	making	make	VERB
cblr-1726	63	30	money	money	NOUN
cblr-1726	63	31	(	(	PUNCT
cblr-1726	63	32	2014	2014	NUM
cblr-1726	63	33	)	)	PUNCT
cblr-1726	63	34	.	.	PUNCT
cblr-1726	64	1	the	the	DET
cblr-1726	64	2	“	"	PUNCT
cblr-1726	64	3	chartalist	chartalist	NOUN
cblr-1726	64	4	”	"	PUNCT
cblr-1726	64	5	view	view	NOUN
cblr-1726	64	6	of	of	ADP
cblr-1726	64	7	money	money	NOUN
cblr-1726	64	8	is	be	AUX
cblr-1726	64	9	often	often	ADV
cblr-1726	64	10	contrasted	contrast	VERB
cblr-1726	64	11	with	with	ADP
cblr-1726	64	12	the	the	DET
cblr-1726	64	13	more	more	ADJ
cblr-1726	64	14	market	market	NOUN
cblr-1726	64	15	-	-	PUNCT
cblr-1726	64	16	oriented	orient	VERB
cblr-1726	64	17	or	or	CCONJ
cblr-1726	64	18	“	"	PUNCT
cblr-1726	64	19	metallist	metallist	ADJ
cblr-1726	64	20	”	"	PUNCT
cblr-1726	64	21	view	view	NOUN
cblr-1726	64	22	.	.	PUNCT
cblr-1726	65	1	see	see	VERB
cblr-1726	65	2	charles	charles	PROPN
cblr-1726	65	3	a.e	a.e	PROPN
cblr-1726	65	4	.	.	PROPN
cblr-1726	65	5	goodhart	goodhart	PROPN
cblr-1726	65	6	,	,	PUNCT
cblr-1726	65	7	the	the	DET
cblr-1726	65	8	two	two	NUM
cblr-1726	65	9	concepts	concept	NOUN
cblr-1726	65	10	of	of	ADP
cblr-1726	65	11	money	money	NOUN
cblr-1726	65	12	:	:	PUNCT
cblr-1726	65	13	implications	implication	NOUN
cblr-1726	65	14	for	for	ADP
cblr-1726	65	15	the	the	DET
cblr-1726	65	16	analysis	analysis	NOUN
cblr-1726	65	17	of	of	ADP
cblr-1726	65	18	optimal	optimal	ADJ
cblr-1726	65	19	currency	currency	NOUN
cblr-1726	65	20	areas	area	NOUN
cblr-1726	65	21	,	,	PUNCT
cblr-1726	65	22	14	14	NUM
cblr-1726	65	23	eur	eur	NOUN
cblr-1726	65	24	.	.	PUNCT
cblr-1726	66	1	j.	j.	PROPN
cblr-1726	66	2	pol	pol	PROPN
cblr-1726	66	3	.	.	PUNCT
cblr-1726	67	1	econ	econ	PROPN
cblr-1726	67	2	.	.	PUNCT
cblr-1726	68	1	407	407	NUM
cblr-1726	68	2	(	(	PUNCT
cblr-1726	68	3	1998	1998	NUM
cblr-1726	68	4	)	)	PUNCT
cblr-1726	68	5	.	.	PUNCT
cblr-1726	69	1	awrey	awrey	PROPN
cblr-1726	69	2	–	–	PUNCT
cblr-1726	69	3	final	final	ADJ
cblr-1726	69	4	no	no	NOUN
cblr-1726	69	5	.	.	PUNCT
cblr-1726	70	1	3:934	3:934	X
cblr-1726	70	2	]	]	X
cblr-1726	70	3	foreign	foreign	ADJ
cblr-1726	70	4	currency	currency	NOUN
cblr-1726	70	5	liquidity	liquidity	NOUN
cblr-1726	70	6	assistance	assistance	NOUN
cblr-1726	70	7	939	939	NUM
cblr-1726	70	8	and	and	CCONJ
cblr-1726	70	9	printing	print	VERB
cblr-1726	70	10	paper	paper	NOUN
cblr-1726	70	11	currency	currency	NOUN
cblr-1726	70	12	.	.	PUNCT
cblr-1726	71	1	states	state	NOUN
cblr-1726	71	2	also	also	ADV
cblr-1726	71	3	establish	establish	VERB
cblr-1726	71	4	central	central	ADJ
cblr-1726	71	5	banks	bank	NOUN
cblr-1726	71	6	such	such	ADJ
cblr-1726	71	7	as	as	ADP
cblr-1726	71	8	the	the	DET
cblr-1726	71	9	federal	federal	PROPN
cblr-1726	71	10	reserve	reserve	PROPN
cblr-1726	71	11	and	and	CCONJ
cblr-1726	71	12	endow	endow	VERB
cblr-1726	71	13	them	they	PRON
cblr-1726	71	14	with	with	ADP
cblr-1726	71	15	the	the	DET
cblr-1726	71	16	power	power	NOUN
cblr-1726	71	17	and	and	CCONJ
cblr-1726	71	18	responsibility	responsibility	NOUN
cblr-1726	71	19	to	to	PART
cblr-1726	71	20	manage	manage	VERB
cblr-1726	71	21	the	the	DET
cblr-1726	71	22	money	money	NOUN
cblr-1726	71	23	supply	supply	NOUN
cblr-1726	71	24	in	in	ADP
cblr-1726	71	25	pursuit	pursuit	NOUN
cblr-1726	71	26	of	of	ADP
cblr-1726	71	27	price	price	NOUN
cblr-1726	71	28	stability	stability	NOUN
cblr-1726	71	29	,	,	PUNCT
cblr-1726	71	30	full	full	ADJ
cblr-1726	71	31	employment	employment	NOUN
cblr-1726	71	32	,	,	PUNCT
cblr-1726	71	33	and	and	CCONJ
cblr-1726	71	34	other	other	ADJ
cblr-1726	71	35	policy	policy	NOUN
cblr-1726	71	36	objectives.9	objectives.9	PROPN
cblr-1726	71	37	viewed	view	VERB
cblr-1726	71	38	solely	solely	ADV
cblr-1726	71	39	from	from	ADP
cblr-1726	71	40	this	this	DET
cblr-1726	71	41	perspective	perspective	NOUN
cblr-1726	71	42	,	,	PUNCT
cblr-1726	71	43	states	state	NOUN
cblr-1726	71	44	appear	appear	VERB
cblr-1726	71	45	to	to	PART
cblr-1726	71	46	exercise	exercise	VERB
cblr-1726	71	47	almost	almost	ADV
cblr-1726	71	48	complete	complete	ADJ
cblr-1726	71	49	control	control	NOUN
cblr-1726	71	50	over	over	ADP
cblr-1726	71	51	the	the	DET
cblr-1726	71	52	legal	legal	ADJ
cblr-1726	71	53	,	,	PUNCT
cblr-1726	71	54	fiscal	fiscal	ADJ
cblr-1726	71	55	,	,	PUNCT
cblr-1726	71	56	and	and	CCONJ
cblr-1726	71	57	even	even	ADV
cblr-1726	71	58	physical	physical	ADJ
cblr-1726	71	59	machinery	machinery	NOUN
cblr-1726	71	60	necessary	necessary	ADJ
cblr-1726	71	61	to	to	PART
cblr-1726	71	62	create	create	VERB
cblr-1726	71	63	money	money	NOUN
cblr-1726	71	64	and	and	CCONJ
cblr-1726	71	65	ensure	ensure	VERB
cblr-1726	71	66	its	its	PRON
cblr-1726	71	67	widespread	widespread	ADJ
cblr-1726	71	68	use	use	NOUN
cblr-1726	71	69	amongst	amongst	ADP
cblr-1726	71	70	its	its	PRON
cblr-1726	71	71	citizenry	citizenry	NOUN
cblr-1726	71	72	.	.	PUNCT
cblr-1726	72	1	this	this	DET
cblr-1726	72	2	state	state	NOUN
cblr-1726	72	3	-	-	PUNCT
cblr-1726	72	4	cen	cen	NOUN
cblr-1726	72	5	9	9	NUM
cblr-1726	72	6	the	the	DET
cblr-1726	72	7	monetary	monetary	ADJ
cblr-1726	72	8	policy	policy	NOUN
cblr-1726	72	9	objectives	objective	NOUN
cblr-1726	72	10	of	of	ADP
cblr-1726	72	11	the	the	DET
cblr-1726	72	12	board	board	NOUN
cblr-1726	72	13	of	of	ADP
cblr-1726	72	14	governors	governor	NOUN
cblr-1726	72	15	of	of	ADP
cblr-1726	72	16	the	the	DET
cblr-1726	72	17	federal	federal	PROPN
cblr-1726	72	18	reserve	reserve	NOUN
cblr-1726	72	19	system	system	NOUN
cblr-1726	72	20	and	and	CCONJ
cblr-1726	72	21	the	the	DET
cblr-1726	72	22	federal	federal	ADJ
cblr-1726	72	23	open	open	ADJ
cblr-1726	72	24	market	market	NOUN
cblr-1726	72	25	committee	committee	NOUN
cblr-1726	72	26	,	,	PUNCT
cblr-1726	72	27	for	for	ADP
cblr-1726	72	28	example	example	NOUN
cblr-1726	72	29	,	,	PUNCT
cblr-1726	72	30	are	be	AUX
cblr-1726	72	31	to	to	PART
cblr-1726	72	32	“	"	PUNCT
cblr-1726	72	33	maintain	maintain	VERB
cblr-1726	72	34	long	long	ADJ
cblr-1726	72	35	run	run	NOUN
cblr-1726	72	36	growth	growth	NOUN
cblr-1726	72	37	of	of	ADP
cblr-1726	72	38	the	the	DET
cblr-1726	72	39	monetary	monetary	ADJ
cblr-1726	72	40	and	and	CCONJ
cblr-1726	72	41	credit	credit	NOUN
cblr-1726	72	42	aggregates	aggregate	NOUN
cblr-1726	72	43	commensurate	commensurate	ADJ
cblr-1726	72	44	with	with	ADP
cblr-1726	72	45	the	the	DET
cblr-1726	72	46	economy	economy	NOUN
cblr-1726	72	47	’s	’s	PART
cblr-1726	72	48	long	long	ADJ
cblr-1726	72	49	run	run	NOUN
cblr-1726	72	50	potential	potential	ADJ
cblr-1726	72	51	to	to	PART
cblr-1726	72	52	increase	increase	VERB
cblr-1726	72	53	production	production	NOUN
cblr-1726	72	54	,	,	PUNCT
cblr-1726	72	55	so	so	SCONJ
cblr-1726	72	56	as	as	SCONJ
cblr-1726	72	57	to	to	PART
cblr-1726	72	58	promote	promote	VERB
cblr-1726	72	59	effectively	effectively	ADV
cblr-1726	72	60	the	the	DET
cblr-1726	72	61	goals	goal	NOUN
cblr-1726	72	62	of	of	ADP
cblr-1726	72	63	maximum	maximum	ADJ
cblr-1726	72	64	employment	employment	NOUN
cblr-1726	72	65	,	,	PUNCT
cblr-1726	72	66	stable	stable	ADJ
cblr-1726	72	67	prices	price	NOUN
cblr-1726	72	68	,	,	PUNCT
cblr-1726	72	69	and	and	CCONJ
cblr-1726	72	70	moderate	moderate	ADJ
cblr-1726	72	71	long	long	ADJ
cblr-1726	72	72	-	-	PUNCT
cblr-1726	72	73	term	term	NOUN
cblr-1726	72	74	interest	interest	NOUN
cblr-1726	72	75	rates	rate	NOUN
cblr-1726	72	76	.	.	PUNCT
cblr-1726	72	77	”	"	PUNCT
cblr-1726	73	1	federal	federal	PROPN
cblr-1726	73	2	reserve	reserve	PROPN
cblr-1726	73	3	.	.	PUNCT
cblr-1726	74	1	act	act	PROPN
cblr-1726	74	2	,	,	PUNCT
cblr-1726	74	3	12	12	NUM
cblr-1726	74	4	u.s.c	u.s.c	ADJ
cblr-1726	74	5	.	.	PUNCT
cblr-1726	75	1	§	§	PROPN
cblr-1726	75	2	225a	225a	NOUN
cblr-1726	75	3	(	(	PUNCT
cblr-1726	75	4	2000	2000	NUM
cblr-1726	75	5	)	)	PUNCT
cblr-1726	75	6	.	.	PUNCT
cblr-1726	76	1	see	see	VERB
cblr-1726	76	2	also	also	ADV
cblr-1726	76	3	lastra	lastra	PROPN
cblr-1726	76	4	,	,	PUNCT
cblr-1726	76	5	supra	supra	PROPN
cblr-1726	76	6	note	note	PROPN
cblr-1726	76	7	7	7	NUM
cblr-1726	76	8	,	,	PUNCT
cblr-1726	76	9	at	at	ADP
cblr-1726	76	10	55–63	55–63	NUM
cblr-1726	76	11	,	,	PUNCT
cblr-1726	76	12	for	for	ADP
cblr-1726	76	13	a	a	DET
cblr-1726	76	14	useful	useful	ADJ
cblr-1726	76	15	introduction	introduction	NOUN
cblr-1726	76	16	to	to	ADP
cblr-1726	76	17	the	the	DET
cblr-1726	76	18	different	different	ADJ
cblr-1726	76	19	objectives	objective	NOUN
cblr-1726	76	20	central	central	ADJ
cblr-1726	76	21	banks	bank	NOUN
cblr-1726	76	22	pursue	pursue	VERB
cblr-1726	76	23	.	.	PUNCT
cblr-1726	77	1	awrey	awrey	PROPN
cblr-1726	77	2	–	–	PUNCT
cblr-1726	77	3	final	final	ADJ
cblr-1726	77	4	940	940	NUM
cblr-1726	77	5	columbia	columbia	PROPN
cblr-1726	77	6	business	business	NOUN
cblr-1726	77	7	law	law	PROPN
cblr-1726	77	8	review	review	NOUN
cblr-1726	78	1	[	[	X
cblr-1726	78	2	vol	vol	NOUN
cblr-1726	78	3	.	.	NOUN
cblr-1726	78	4	2017	2017	NUM
cblr-1726	78	5	tric	tric	ADJ
cblr-1726	78	6	view	view	NOUN
cblr-1726	78	7	has	have	AUX
cblr-1726	78	8	long	long	ADV
cblr-1726	78	9	been	be	AUX
cblr-1726	78	10	recognized	recognize	VERB
cblr-1726	78	11	in	in	ADP
cblr-1726	78	12	common	common	ADJ
cblr-1726	78	13	law	law	NOUN
cblr-1726	78	14	jurisprudence10	jurisprudence10	NOUN
cblr-1726	78	15	and	and	CCONJ
cblr-1726	78	16	as	as	ADP
cblr-1726	78	17	a	a	DET
cblr-1726	78	18	matter	matter	NOUN
cblr-1726	78	19	of	of	ADP
cblr-1726	78	20	public	public	ADJ
cblr-1726	78	21	international	international	ADJ
cblr-1726	78	22	law.11	law.11	NOUN
cblr-1726	78	23	it	it	PRON
cblr-1726	78	24	is	be	AUX
cblr-1726	78	25	also	also	ADV
cblr-1726	78	26	deeply	deeply	ADV
cblr-1726	78	27	embedded	embed	VERB
cblr-1726	78	28	in	in	ADP
cblr-1726	78	29	the	the	DET
cblr-1726	78	30	everyday	everyday	ADJ
cblr-1726	78	31	language	language	NOUN
cblr-1726	78	32	of	of	ADP
cblr-1726	78	33	money	money	NOUN
cblr-1726	78	34	:	:	PUNCT
cblr-1726	78	35	when	when	SCONJ
cblr-1726	78	36	we	we	PRON
cblr-1726	78	37	talk	talk	VERB
cblr-1726	78	38	about	about	ADP
cblr-1726	78	39	money	money	NOUN
cblr-1726	78	40	,	,	PUNCT
cblr-1726	78	41	we	we	PRON
cblr-1726	78	42	talk	talk	VERB
cblr-1726	78	43	about	about	ADP
cblr-1726	78	44	the	the	DET
cblr-1726	78	45	u.s	u.s	PROPN
cblr-1726	78	46	.	.	PROPN
cblr-1726	78	47	dollar	dollar	NOUN
cblr-1726	78	48	,	,	PUNCT
cblr-1726	78	49	british	british	ADJ
cblr-1726	78	50	pound	pound	NOUN
cblr-1726	78	51	,	,	PUNCT
cblr-1726	78	52	and	and	CCONJ
cblr-1726	78	53	icelandic	icelandic	ADJ
cblr-1726	78	54	króna.12	króna.12	PROPN
cblr-1726	78	55	10	10	NUM
cblr-1726	78	56	as	as	SCONJ
cblr-1726	78	57	the	the	DET
cblr-1726	78	58	english	english	ADJ
cblr-1726	78	59	privy	privy	PROPN
cblr-1726	78	60	council	council	PROPN
cblr-1726	78	61	observed	observe	VERB
cblr-1726	78	62	as	as	ADV
cblr-1726	78	63	far	far	ADV
cblr-1726	78	64	back	back	ADV
cblr-1726	78	65	as	as	ADP
cblr-1726	78	66	1605	1605	NUM
cblr-1726	78	67	,	,	PUNCT
cblr-1726	78	68	money	money	NOUN
cblr-1726	78	69	“	"	PUNCT
cblr-1726	78	70	inheres	inhere	NOUN
cblr-1726	78	71	in	in	ADP
cblr-1726	78	72	the	the	DET
cblr-1726	78	73	bones	bone	NOUN
cblr-1726	78	74	of	of	ADP
cblr-1726	78	75	princes	prince	NOUN
cblr-1726	78	76	.	.	PUNCT
cblr-1726	78	77	”	"	PUNCT
cblr-1726	79	1	desan	desan	ADJ
cblr-1726	79	2	,	,	PUNCT
cblr-1726	79	3	supra	supra	PROPN
cblr-1726	79	4	note	note	NOUN
cblr-1726	79	5	8	8	NUM
cblr-1726	79	6	,	,	PUNCT
cblr-1726	79	7	at	at	ADP
cblr-1726	79	8	170	170	NUM
cblr-1726	79	9	(	(	PUNCT
cblr-1726	79	10	citing	cite	VERB
cblr-1726	79	11	the	the	DET
cblr-1726	79	12	case	case	NOUN
cblr-1726	79	13	of	of	ADP
cblr-1726	79	14	mixed	mixed	ADJ
cblr-1726	79	15	money	money	NOUN
cblr-1726	79	16	(	(	PUNCT
cblr-1726	79	17	1605	1605	NUM
cblr-1726	79	18	)	)	PUNCT
cblr-1726	79	19	,	,	PUNCT
cblr-1726	79	20	118	118	NUM
cblr-1726	79	21	(	(	PUNCT
cblr-1726	79	22	“	"	PUNCT
cblr-1726	79	23	monetandi	monetandi	X
cblr-1726	79	24	jus	ju	VERB
cblr-1726	79	25	principum	principum	PROPN
cblr-1726	79	26	ossibus	ossibus	PROPN
cblr-1726	79	27	inhaeret	inhaeret	PROPN
cblr-1726	79	28	,	,	PUNCT
cblr-1726	79	29	jus	ju	VERB
cblr-1726	79	30	monetae	monetae	PROPN
cblr-1726	79	31	comprehenditur	comprehenditur	NOUN
cblr-1726	79	32	in	in	ADP
cblr-1726	79	33	regalibus	regalibus	NOUN
cblr-1726	79	34	,	,	PUNCT
cblr-1726	79	35	quae	quae	PROPN
cblr-1726	79	36	nunquam	nunquam	PROPN
cblr-1726	79	37	a	a	DET
cblr-1726	79	38	region	region	NOUN
cblr-1726	79	39	sceptro	sceptro	NOUN
cblr-1726	79	40	abdicantur	abdicantur	NOUN
cblr-1726	79	41	.	.	PUNCT
cblr-1726	79	42	”	"	PUNCT
cblr-1726	79	43	)	)	PUNCT
cblr-1726	79	44	)	)	PUNCT
cblr-1726	79	45	.	.	PUNCT
cblr-1726	80	1	over	over	ADP
cblr-1726	80	2	the	the	DET
cblr-1726	80	3	centuries	century	NOUN
cblr-1726	80	4	,	,	PUNCT
cblr-1726	80	5	the	the	DET
cblr-1726	80	6	concept	concept	NOUN
cblr-1726	80	7	of	of	ADP
cblr-1726	80	8	monetary	monetary	ADJ
cblr-1726	80	9	sovereignty	sovereignty	NOUN
cblr-1726	80	10	has	have	AUX
cblr-1726	80	11	evolved	evolve	VERB
cblr-1726	80	12	in	in	ADP
cblr-1726	80	13	response	response	NOUN
cblr-1726	80	14	to	to	ADP
cblr-1726	80	15	fundamental	fundamental	ADJ
cblr-1726	80	16	changes	change	NOUN
cblr-1726	80	17	in	in	ADP
cblr-1726	80	18	the	the	DET
cblr-1726	80	19	political	political	ADJ
cblr-1726	80	20	landscape	landscape	NOUN
cblr-1726	80	21	and	and	CCONJ
cblr-1726	80	22	the	the	DET
cblr-1726	80	23	corresponding	correspond	VERB
cblr-1726	80	24	shift	shift	NOUN
cblr-1726	80	25	in	in	ADP
cblr-1726	80	26	the	the	DET
cblr-1726	80	27	identity	identity	NOUN
cblr-1726	80	28	of	of	ADP
cblr-1726	80	29	the	the	DET
cblr-1726	80	30	sovereign	sovereign	NOUN
cblr-1726	80	31	from	from	ADP
cblr-1726	80	32	absolute	absolute	ADJ
cblr-1726	80	33	monarchs	monarch	NOUN
cblr-1726	80	34	to	to	ADP
cblr-1726	80	35	democratically	democratically	ADV
cblr-1726	80	36	elected	elect	VERB
cblr-1726	80	37	governments	government	NOUN
cblr-1726	80	38	.	.	PUNCT
cblr-1726	81	1	see	see	VERB
cblr-1726	81	2	benn	benn	PROPN
cblr-1726	81	3	steil	steil	PROPN
cblr-1726	81	4	&	&	CCONJ
cblr-1726	81	5	manuel	manuel	PROPN
cblr-1726	81	6	hinds	hinds	PROPN
cblr-1726	81	7	,	,	PUNCT
cblr-1726	81	8	money	money	NOUN
cblr-1726	81	9	,	,	PUNCT
cblr-1726	81	10	markets	market	NOUN
cblr-1726	81	11	,	,	PUNCT
cblr-1726	81	12	and	and	CCONJ
cblr-1726	81	13	sovereignty	sovereignty	NOUN
cblr-1726	81	14	240	240	NUM
cblr-1726	81	15	(	(	PUNCT
cblr-1726	81	16	2009	2009	NUM
cblr-1726	81	17	)	)	PUNCT
cblr-1726	81	18	(	(	PUNCT
cblr-1726	81	19	“	"	PUNCT
cblr-1726	81	20	the	the	DET
cblr-1726	81	21	transformation	transformation	NOUN
cblr-1726	81	22	of	of	ADP
cblr-1726	81	23	the	the	DET
cblr-1726	81	24	concept	concept	NOUN
cblr-1726	81	25	of	of	ADP
cblr-1726	81	26	sovereignty	sovereignty	NOUN
cblr-1726	81	27	reflects	reflect	VERB
cblr-1726	81	28	the	the	DET
cblr-1726	81	29	evolution	evolution	NOUN
cblr-1726	81	30	over	over	ADP
cblr-1726	81	31	centuries	century	NOUN
cblr-1726	81	32	of	of	ADP
cblr-1726	81	33	the	the	DET
cblr-1726	81	34	dominant	dominant	ADJ
cblr-1726	81	35	system	system	NOUN
cblr-1726	81	36	of	of	ADP
cblr-1726	81	37	government	government	NOUN
cblr-1726	81	38	from	from	ADP
cblr-1726	81	39	monarchy	monarchy	NOUN
cblr-1726	81	40	to	to	ADP
cblr-1726	81	41	democracy	democracy	NOUN
cblr-1726	81	42	,	,	PUNCT
cblr-1726	81	43	with	with	ADP
cblr-1726	81	44	the	the	DET
cblr-1726	81	45	mythology	mythology	NOUN
cblr-1726	81	46	of	of	ADP
cblr-1726	81	47	the	the	DET
cblr-1726	81	48	king	king	NOUN
cblr-1726	81	49	as	as	ADP
cblr-1726	81	50	the	the	DET
cblr-1726	81	51	embodiment	embodiment	NOUN
cblr-1726	81	52	of	of	ADP
cblr-1726	81	53	the	the	DET
cblr-1726	81	54	popular	popular	ADJ
cblr-1726	81	55	will	will	AUX
cblr-1726	81	56	being	be	AUX
cblr-1726	81	57	substituted	substitute	VERB
cblr-1726	81	58	for	for	ADP
cblr-1726	81	59	by	by	ADP
cblr-1726	81	60	the	the	DET
cblr-1726	81	61	elected	elect	VERB
cblr-1726	81	62	executive	executive	NOUN
cblr-1726	81	63	or	or	CCONJ
cblr-1726	81	64	legislature	legislature	NOUN
cblr-1726	81	65	.	.	PUNCT
cblr-1726	81	66	”	"	PUNCT
cblr-1726	81	67	)	)	PUNCT
cblr-1726	81	68	;	;	PUNCT
cblr-1726	81	69	claus	claus	PROPN
cblr-1726	81	70	d.	d.	PROPN
cblr-1726	81	71	zimmerman	zimmerman	PROPN
cblr-1726	81	72	,	,	PUNCT
cblr-1726	81	73	the	the	DET
cblr-1726	81	74	concept	concept	NOUN
cblr-1726	81	75	of	of	ADP
cblr-1726	81	76	monetary	monetary	ADJ
cblr-1726	81	77	sovereignty	sovereignty	NOUN
cblr-1726	81	78	revisited	revisit	VERB
cblr-1726	81	79	,	,	PUNCT
cblr-1726	81	80	24	24	NUM
cblr-1726	81	81	eur	eur	NOUN
cblr-1726	81	82	.	.	PUNCT
cblr-1726	82	1	j.	j.	PROPN
cblr-1726	82	2	int’l	int’l	PROPN
cblr-1726	82	3	l.	l.	PROPN
cblr-1726	82	4	797	797	NUM
cblr-1726	82	5	,	,	PUNCT
cblr-1726	82	6	808	808	NUM
cblr-1726	82	7	(	(	PUNCT
cblr-1726	82	8	2008	2008	NUM
cblr-1726	82	9	)	)	PUNCT
cblr-1726	82	10	(	(	PUNCT
cblr-1726	82	11	“	"	PUNCT
cblr-1726	82	12	at	at	ADP
cblr-1726	82	13	the	the	DET
cblr-1726	82	14	time	time	NOUN
cblr-1726	82	15	when	when	SCONJ
cblr-1726	82	16	the	the	DET
cblr-1726	82	17	concept	concept	NOUN
cblr-1726	82	18	of	of	ADP
cblr-1726	82	19	monetary	monetary	ADJ
cblr-1726	82	20	sovereignty	sovereignty	NOUN
cblr-1726	82	21	first	first	ADV
cblr-1726	82	22	appeared	appear	VERB
cblr-1726	82	23	,	,	PUNCT
cblr-1726	82	24	in	in	ADP
cblr-1726	82	25	order	order	NOUN
cblr-1726	82	26	to	to	PART
cblr-1726	82	27	support	support	VERB
cblr-1726	82	28	the	the	DET
cblr-1726	82	29	exercise	exercise	NOUN
cblr-1726	82	30	of	of	ADP
cblr-1726	82	31	the	the	DET
cblr-1726	82	32	royal	royal	ADJ
cblr-1726	82	33	prerogative	prerogative	NOUN
cblr-1726	82	34	to	to	PART
cblr-1726	82	35	coin	coin	VERB
cblr-1726	82	36	money	money	NOUN
cblr-1726	82	37	as	as	SCONJ
cblr-1726	82	38	exercised	exercise	VERB
cblr-1726	82	39	by	by	ADP
cblr-1726	82	40	absolutist	absolutist	ADJ
cblr-1726	82	41	monarchs	monarch	NOUN
cblr-1726	82	42	,	,	PUNCT
cblr-1726	82	43	the	the	DET
cblr-1726	82	44	locus	locus	NOUN
cblr-1726	82	45	of	of	ADP
cblr-1726	82	46	both	both	DET
cblr-1726	82	47	sovereignty	sovereignty	NOUN
cblr-1726	82	48	and	and	CCONJ
cblr-1726	82	49	the	the	DET
cblr-1726	82	50	power	power	NOUN
cblr-1726	82	51	to	to	PART
cblr-1726	82	52	exercise	exercise	VERB
cblr-1726	82	53	it	it	PRON
cblr-1726	82	54	might	might	AUX
cblr-1726	82	55	still	still	ADV
cblr-1726	82	56	have	have	AUX
cblr-1726	82	57	been	be	AUX
cblr-1726	82	58	identical	identical	ADJ
cblr-1726	82	59	,	,	PUNCT
cblr-1726	82	60	but	but	CCONJ
cblr-1726	82	61	times	time	NOUN
cblr-1726	82	62	have	have	AUX
cblr-1726	82	63	obviously	obviously	ADV
cblr-1726	82	64	changed	change	VERB
cblr-1726	82	65	.	.	PUNCT
cblr-1726	83	1	the	the	DET
cblr-1726	83	2	contemporary	contemporary	ADJ
cblr-1726	83	3	mainstream	mainstream	NOUN
cblr-1726	83	4	view	view	NOUN
cblr-1726	83	5	of	of	ADP
cblr-1726	83	6	states	state	NOUN
cblr-1726	83	7	being	be	AUX
cblr-1726	83	8	instruments	instrument	NOUN
cblr-1726	83	9	at	at	ADP
cblr-1726	83	10	the	the	DET
cblr-1726	83	11	service	service	NOUN
cblr-1726	83	12	of	of	ADP
cblr-1726	83	13	their	their	PRON
cblr-1726	83	14	peoples	people	NOUN
cblr-1726	83	15	as	as	ADP
cblr-1726	83	16	true	true	ADJ
cblr-1726	83	17	holders	holder	NOUN
cblr-1726	83	18	of	of	ADP
cblr-1726	83	19	sovereignty	sovereignty	NOUN
cblr-1726	83	20	may	may	AUX
cblr-1726	83	21	be	be	AUX
cblr-1726	83	22	regarded	regard	VERB
cblr-1726	83	23	as	as	ADP
cblr-1726	83	24	a	a	DET
cblr-1726	83	25	corollary	corollary	NOUN
cblr-1726	83	26	of	of	ADP
cblr-1726	83	27	the	the	DET
cblr-1726	83	28	fundamental	fundamental	ADJ
cblr-1726	83	29	idea	idea	NOUN
cblr-1726	83	30	of	of	ADP
cblr-1726	83	31	popular	popular	ADJ
cblr-1726	83	32	sovereignty	sovereignty	NOUN
cblr-1726	83	33	or	or	CCONJ
cblr-1726	83	34	sovereignty	sovereignty	NOUN
cblr-1726	83	35	of	of	ADP
cblr-1726	83	36	the	the	DET
cblr-1726	83	37	people	people	NOUN
cblr-1726	83	38	.	.	PUNCT
cblr-1726	83	39	”	"	PUNCT
cblr-1726	84	1	)	)	PUNCT
cblr-1726	84	2	(	(	PUNCT
cblr-1726	84	3	footnote	footnote	VERB
cblr-1726	84	4	omitted	omit	VERB
cblr-1726	84	5	)	)	PUNCT
cblr-1726	84	6	.	.	PUNCT
cblr-1726	85	1	yet	yet	CCONJ
cblr-1726	85	2	despite	despite	SCONJ
cblr-1726	85	3	these	these	DET
cblr-1726	85	4	profound	profound	ADJ
cblr-1726	85	5	changes	change	NOUN
cblr-1726	85	6	,	,	PUNCT
cblr-1726	85	7	the	the	DET
cblr-1726	85	8	concept	concept	NOUN
cblr-1726	85	9	has	have	AUX
cblr-1726	85	10	retained	retain	VERB
cblr-1726	85	11	its	its	PRON
cblr-1726	85	12	state	state	NOUN
cblr-1726	85	13	-	-	PUNCT
cblr-1726	85	14	centric	centric	ADJ
cblr-1726	85	15	orientation	orientation	NOUN
cblr-1726	85	16	and	and	CCONJ
cblr-1726	85	17	remains	remain	VERB
cblr-1726	85	18	deeply	deeply	ADV
cblr-1726	85	19	rooted	rooted	ADJ
cblr-1726	85	20	in	in	ADP
cblr-1726	85	21	the	the	DET
cblr-1726	85	22	“	"	PUNCT
cblr-1726	85	23	one	one	NUM
cblr-1726	85	24	state	state	NOUN
cblr-1726	85	25	,	,	PUNCT
cblr-1726	85	26	one	one	NUM
cblr-1726	85	27	currency	currency	NOUN
cblr-1726	85	28	”	"	PUNCT
cblr-1726	85	29	model	model	NOUN
cblr-1726	85	30	that	that	PRON
cblr-1726	85	31	is	be	AUX
cblr-1726	85	32	observed	observe	VERB
cblr-1726	85	33	in	in	ADP
cblr-1726	85	34	most	most	ADJ
cblr-1726	85	35	of	of	ADP
cblr-1726	85	36	the	the	DET
cblr-1726	85	37	world	world	NOUN
cblr-1726	85	38	today	today	NOUN
cblr-1726	85	39	.	.	PUNCT
cblr-1726	86	1	for	for	ADP
cblr-1726	86	2	a	a	DET
cblr-1726	86	3	comprehensive	comprehensive	ADJ
cblr-1726	86	4	overview	overview	NOUN
cblr-1726	86	5	of	of	ADP
cblr-1726	86	6	this	this	DET
cblr-1726	86	7	jurisprudence	jurisprudence	NOUN
cblr-1726	86	8	,	,	PUNCT
cblr-1726	86	9	see	see	VERB
cblr-1726	86	10	proctor	proctor	NOUN
cblr-1726	86	11	,	,	PUNCT
cblr-1726	86	12	supra	supra	PROPN
cblr-1726	86	13	note	note	NOUN
cblr-1726	86	14	7	7	NUM
cblr-1726	86	15	,	,	PUNCT
cblr-1726	86	16	at	at	ADP
cblr-1726	86	17	chs	ch	NOUN
cblr-1726	86	18	.	.	PUNCT
cblr-1726	87	1	3–8	3–8	NUM
cblr-1726	87	2	,	,	PUNCT
cblr-1726	87	3	13	13	NUM
cblr-1726	87	4	(	(	PUNCT
cblr-1726	87	5	describing	describe	VERB
cblr-1726	87	6	,	,	PUNCT
cblr-1726	87	7	inter	inter	PROPN
cblr-1726	87	8	alia	alia	PROPN
cblr-1726	87	9	,	,	PUNCT
cblr-1726	87	10	the	the	DET
cblr-1726	87	11	private	private	ADJ
cblr-1726	87	12	law	law	NOUN
cblr-1726	87	13	of	of	ADP
cblr-1726	87	14	monetary	monetary	ADJ
cblr-1726	87	15	obligations	obligation	NOUN
cblr-1726	87	16	,	,	PUNCT
cblr-1726	87	17	related	relate	VERB
cblr-1726	87	18	conflicts	conflict	NOUN
cblr-1726	87	19	of	of	ADP
cblr-1726	87	20	law	law	NOUN
cblr-1726	87	21	issues	issue	NOUN
cblr-1726	87	22	,	,	PUNCT
cblr-1726	87	23	and	and	CCONJ
cblr-1726	87	24	the	the	DET
cblr-1726	87	25	lex	lex	PROPN
cblr-1726	87	26	monetae	monetae	PROPN
cblr-1726	87	27	principle	principle	PROPN
cblr-1726	87	28	)	)	PUNCT
cblr-1726	87	29	.	.	PUNCT
cblr-1726	88	1	11	11	NUM
cblr-1726	88	2	for	for	ADP
cblr-1726	88	3	a	a	DET
cblr-1726	88	4	general	general	ADJ
cblr-1726	88	5	overview	overview	NOUN
cblr-1726	88	6	,	,	PUNCT
cblr-1726	88	7	see	see	VERB
cblr-1726	88	8	proctor	proctor	NOUN
cblr-1726	88	9	,	,	PUNCT
cblr-1726	88	10	supra	supra	PROPN
cblr-1726	88	11	note	note	NOUN
cblr-1726	88	12	7	7	NUM
cblr-1726	88	13	,	,	PUNCT
cblr-1726	88	14	at	at	ADP
cblr-1726	88	15	chs	ch	NOUN
cblr-1726	88	16	.	.	PUNCT
cblr-1726	89	1	19–23	19–23	NUM
cblr-1726	89	2	(	(	PUNCT
cblr-1726	89	3	describing	describe	VERB
cblr-1726	89	4	various	various	ADJ
cblr-1726	89	5	aspects	aspect	NOUN
cblr-1726	89	6	of	of	ADP
cblr-1726	89	7	public	public	ADJ
cblr-1726	89	8	international	international	ADJ
cblr-1726	89	9	law	law	NOUN
cblr-1726	89	10	in	in	ADP
cblr-1726	89	11	relation	relation	NOUN
cblr-1726	89	12	to	to	ADP
cblr-1726	89	13	money	money	NOUN
cblr-1726	89	14	)	)	PUNCT
cblr-1726	89	15	.	.	PUNCT
cblr-1726	90	1	the	the	DET
cblr-1726	90	2	recognition	recognition	NOUN
cblr-1726	90	3	in	in	ADP
cblr-1726	90	4	public	public	ADJ
cblr-1726	90	5	international	international	ADJ
cblr-1726	90	6	law	law	NOUN
cblr-1726	90	7	of	of	ADP
cblr-1726	90	8	a	a	DET
cblr-1726	90	9	state	state	NOUN
cblr-1726	90	10	’s	’s	PART
cblr-1726	90	11	sovereignty	sovereignty	NOUN
cblr-1726	90	12	over	over	ADP
cblr-1726	90	13	its	its	PRON
cblr-1726	90	14	monetary	monetary	ADJ
cblr-1726	90	15	affairs	affair	NOUN
cblr-1726	90	16	dates	date	VERB
cblr-1726	90	17	at	at	ADV
cblr-1726	90	18	least	least	ADJ
cblr-1726	90	19	as	as	ADV
cblr-1726	90	20	far	far	ADV
cblr-1726	90	21	back	back	ADV
cblr-1726	90	22	as	as	ADP
cblr-1726	90	23	a	a	DET
cblr-1726	90	24	1929	1929	NUM
cblr-1726	90	25	decision	decision	NOUN
cblr-1726	90	26	of	of	ADP
cblr-1726	90	27	the	the	DET
cblr-1726	90	28	permanent	permanent	ADJ
cblr-1726	90	29	international	international	ADJ
cblr-1726	90	30	court	court	NOUN
cblr-1726	90	31	of	of	ADP
cblr-1726	90	32	justice	justice	NOUN
cblr-1726	90	33	.	.	PUNCT
cblr-1726	91	1	payment	payment	NOUN
cblr-1726	91	2	of	of	ADP
cblr-1726	91	3	various	various	ADJ
cblr-1726	91	4	serbian	serbian	ADJ
cblr-1726	91	5	loans	loan	NOUN
cblr-1726	91	6	issued	issue	VERB
cblr-1726	91	7	in	in	ADP
cblr-1726	91	8	france	france	PROPN
cblr-1726	91	9	(	(	PUNCT
cblr-1726	91	10	fr	fr	NOUN
cblr-1726	91	11	.	.	PUNCT
cblr-1726	92	1	v.	v.	ADP
cblr-1726	92	2	kingdom	kingdom	NOUN
cblr-1726	92	3	of	of	ADP
cblr-1726	92	4	the	the	DET
cblr-1726	92	5	serbs	serb	NOUN
cblr-1726	92	6	,	,	PUNCT
cblr-1726	92	7	croats	croat	NOUN
cblr-1726	92	8	,	,	PUNCT
cblr-1726	92	9	and	and	CCONJ
cblr-1726	92	10	slovenes	slovene	NOUN
cblr-1726	92	11	)	)	PUNCT
cblr-1726	92	12	,	,	PUNCT
cblr-1726	92	13	judgment	judgment	NOUN
cblr-1726	92	14	,	,	PUNCT
cblr-1726	92	15	1929	1929	NUM
cblr-1726	92	16	p.c.i.j	p.c.i.j	PROPN
cblr-1726	92	17	.	.	PUNCT
cblr-1726	93	1	(	(	PUNCT
cblr-1726	93	2	ser	ser	PROPN
cblr-1726	93	3	.	.	PUNCT
cblr-1726	94	1	a	a	DET
cblr-1726	94	2	)	)	PUNCT
cblr-1726	94	3	no	no	NOUN
cblr-1726	94	4	.	.	NOUN
cblr-1726	94	5	20	20	NUM
cblr-1726	94	6	,	,	PUNCT
cblr-1726	94	7	at	at	ADP
cblr-1726	94	8	25	25	NUM
cblr-1726	94	9	(	(	PUNCT
cblr-1726	94	10	july	july	PROPN
cblr-1726	94	11	12	12	NUM
cblr-1726	94	12	,	,	PUNCT
cblr-1726	94	13	1929	1929	NUM
cblr-1726	94	14	)	)	PUNCT
cblr-1726	94	15	(	(	PUNCT
cblr-1726	94	16	“	"	PUNCT
cblr-1726	94	17	it	it	PRON
cblr-1726	94	18	is	be	AUX
cblr-1726	94	19	indeed	indeed	ADV
cblr-1726	94	20	a	a	DET
cblr-1726	94	21	generally	generally	ADV
cblr-1726	94	22	accepted	accept	VERB
cblr-1726	94	23	principle	principle	NOUN
cblr-1726	94	24	that	that	SCONJ
cblr-1726	94	25	a	a	DET
cblr-1726	94	26	state	state	NOUN
cblr-1726	94	27	is	be	AUX
cblr-1726	94	28	entitled	entitle	VERB
cblr-1726	94	29	to	to	PART
cblr-1726	94	30	regulate	regulate	VERB
cblr-1726	94	31	its	its	PRON
cblr-1726	94	32	own	own	ADJ
cblr-1726	94	33	currency	currency	NOUN
cblr-1726	94	34	.	.	PUNCT
cblr-1726	94	35	”	"	PUNCT
cblr-1726	94	36	)	)	PUNCT
cblr-1726	94	37	.	.	PUNCT
cblr-1726	95	1	12	12	NUM
cblr-1726	95	2	the	the	DET
cblr-1726	95	3	euro	euro	NOUN
cblr-1726	95	4	and	and	CCONJ
cblr-1726	95	5	,	,	PUNCT
cblr-1726	95	6	more	more	ADV
cblr-1726	95	7	recently	recently	ADV
cblr-1726	95	8	,	,	PUNCT
cblr-1726	95	9	crypto	crypto	NOUN
cblr-1726	95	10	-	-	NOUN
cblr-1726	95	11	currencies	currency	NOUN
cblr-1726	95	12	,	,	PUNCT
cblr-1726	95	13	such	such	ADJ
cblr-1726	95	14	as	as	ADP
cblr-1726	95	15	bitcoin	bitcoin	NOUN
cblr-1726	95	16	,	,	PUNCT
cblr-1726	95	17	are	be	AUX
cblr-1726	95	18	obvious	obvious	ADJ
cblr-1726	95	19	exceptions	exception	NOUN
cblr-1726	95	20	.	.	PUNCT
cblr-1726	96	1	while	while	SCONJ
cblr-1726	96	2	this	this	DET
cblr-1726	96	3	article	article	NOUN
cblr-1726	96	4	generally	generally	ADV
cblr-1726	96	5	uses	use	VERB
cblr-1726	96	6	the	the	DET
cblr-1726	96	7	terms	term	NOUN
cblr-1726	96	8	“	"	PUNCT
cblr-1726	96	9	country	country	NOUN
cblr-1726	96	10	”	"	PUNCT
cblr-1726	96	11	or	or	CCONJ
cblr-1726	96	12	awrey	awrey	NOUN
cblr-1726	96	13	–	–	PUNCT
cblr-1726	96	14	final	final	ADJ
cblr-1726	96	15	no	no	NOUN
cblr-1726	96	16	.	.	PUNCT
cblr-1726	97	1	3:934	3:934	X
cblr-1726	97	2	]	]	X
cblr-1726	97	3	foreign	foreign	ADJ
cblr-1726	97	4	currency	currency	NOUN
cblr-1726	97	5	liquidity	liquidity	NOUN
cblr-1726	97	6	assistance	assistance	NOUN
cblr-1726	97	7	941	941	NUM
cblr-1726	97	8	while	while	SCONJ
cblr-1726	97	9	often	often	ADV
cblr-1726	97	10	far	far	ADV
cblr-1726	97	11	less	less	ADV
cblr-1726	97	12	appreciated	appreciated	ADJ
cblr-1726	97	13	,	,	PUNCT
cblr-1726	97	14	states	state	NOUN
cblr-1726	97	15	also	also	ADV
cblr-1726	97	16	play	play	VERB
cblr-1726	97	17	an	an	DET
cblr-1726	97	18	important	important	ADJ
cblr-1726	97	19	role	role	NOUN
cblr-1726	97	20	in	in	ADP
cblr-1726	97	21	licensing	license	VERB
cblr-1726	97	22	private	private	ADJ
cblr-1726	97	23	money	money	NOUN
cblr-1726	97	24	creation.13	creation.13	NOUN
cblr-1726	97	25	states	state	NOUN
cblr-1726	97	26	authorize	authorize	VERB
cblr-1726	97	27	the	the	DET
cblr-1726	97	28	establishment	establishment	NOUN
cblr-1726	97	29	of	of	ADP
cblr-1726	97	30	deposit	deposit	NOUN
cblr-1726	97	31	-	-	PUNCT
cblr-1726	97	32	taking	take	VERB
cblr-1726	97	33	banks	bank	NOUN
cblr-1726	97	34	and	and	CCONJ
cblr-1726	97	35	prohibit	prohibit	VERB
cblr-1726	97	36	all	all	DET
cblr-1726	97	37	firms	firm	NOUN
cblr-1726	97	38	other	other	ADJ
cblr-1726	97	39	than	than	ADP
cblr-1726	97	40	banks	bank	NOUN
cblr-1726	97	41	from	from	ADP
cblr-1726	97	42	issuing	issue	VERB
cblr-1726	97	43	deposit	deposit	NOUN
cblr-1726	97	44	liabilities.14	liabilities.14	PROPN
cblr-1726	97	45	states	state	NOUN
cblr-1726	97	46	then	then	ADV
cblr-1726	97	47	subject	subject	VERB
cblr-1726	97	48	banks	bank	NOUN
cblr-1726	97	49	to	to	ADP
cblr-1726	97	50	portfolio	portfolio	NOUN
cblr-1726	97	51	restrictions	restriction	NOUN
cblr-1726	97	52	,	,	PUNCT
cblr-1726	97	53	capital	capital	NOUN
cblr-1726	97	54	and	and	CCONJ
cblr-1726	97	55	liquidity	liquidity	NOUN
cblr-1726	97	56	requirements	requirement	NOUN
cblr-1726	97	57	,	,	PUNCT
cblr-1726	97	58	and	and	CCONJ
cblr-1726	97	59	other	other	ADJ
cblr-1726	97	60	forms	form	NOUN
cblr-1726	97	61	of	of	ADP
cblr-1726	97	62	prudential	prudential	ADJ
cblr-1726	97	63	regulation	regulation	NOUN
cblr-1726	97	64	and	and	CCONJ
cblr-1726	97	65	intensive	intensive	ADJ
cblr-1726	97	66	prudential	prudential	PROPN
cblr-1726	97	67	supervision.15	supervision.15	PROPN
cblr-1726	97	68	states	state	NOUN
cblr-1726	97	69	also	also	ADV
cblr-1726	97	70	provide	provide	VERB
cblr-1726	97	71	banks	bank	NOUN
cblr-1726	97	72	with	with	ADP
cblr-1726	97	73	various	various	ADJ
cblr-1726	97	74	forms	form	NOUN
cblr-1726	97	75	of	of	ADP
cblr-1726	97	76	support	support	NOUN
cblr-1726	97	77	not	not	PART
cblr-1726	97	78	generally	generally	ADV
cblr-1726	97	79	available	available	ADJ
cblr-1726	97	80	to	to	ADP
cblr-1726	97	81	other	other	ADJ
cblr-1726	97	82	commercial	commercial	ADJ
cblr-1726	97	83	enterprises	enterprise	NOUN
cblr-1726	97	84	.	.	PUNCT
cblr-1726	98	1	this	this	DET
cblr-1726	98	2	support	support	NOUN
cblr-1726	98	3	includes	include	VERB
cblr-1726	98	4	deposit	deposit	NOUN
cblr-1726	98	5	guarantee	guarantee	NOUN
cblr-1726	98	6	schemes	scheme	NOUN
cblr-1726	98	7	,	,	PUNCT
cblr-1726	98	8	emergency	emergency	NOUN
cblr-1726	98	9	liquidity	liquidity	NOUN
cblr-1726	98	10	assis	assis	NOUN
cblr-1726	98	11	“	"	PUNCT
cblr-1726	98	12	state	state	NOUN
cblr-1726	98	13	”	"	PUNCT
cblr-1726	98	14	to	to	PART
cblr-1726	98	15	describe	describe	VERB
cblr-1726	98	16	the	the	DET
cblr-1726	98	17	political	political	ADJ
cblr-1726	98	18	units	unit	NOUN
cblr-1726	98	19	that	that	PRON
cblr-1726	98	20	issue	issue	VERB
cblr-1726	98	21	currencies	currency	NOUN
cblr-1726	98	22	,	,	PUNCT
cblr-1726	98	23	these	these	DET
cblr-1726	98	24	terms	term	NOUN
cblr-1726	98	25	should	should	AUX
cblr-1726	98	26	be	be	AUX
cblr-1726	98	27	interpreted	interpret	VERB
cblr-1726	98	28	as	as	ADP
cblr-1726	98	29	encompassing	encompass	VERB
cblr-1726	98	30	,	,	PUNCT
cblr-1726	98	31	mutatis	mutatis	NOUN
cblr-1726	98	32	mutandis	mutandi	NOUN
cblr-1726	98	33	,	,	PUNCT
cblr-1726	98	34	political	political	ADJ
cblr-1726	98	35	units	unit	NOUN
cblr-1726	98	36	such	such	ADJ
cblr-1726	98	37	as	as	ADP
cblr-1726	98	38	the	the	DET
cblr-1726	98	39	euro	euro	PROPN
cblr-1726	98	40	area	area	NOUN
cblr-1726	98	41	that	that	PRON
cblr-1726	98	42	issue	issue	VERB
cblr-1726	98	43	“	"	PUNCT
cblr-1726	98	44	supranational	supranational	ADJ
cblr-1726	98	45	”	"	PUNCT
cblr-1726	98	46	currencies	currency	NOUN
cblr-1726	98	47	.	.	PUNCT
cblr-1726	99	1	13	13	NUM
cblr-1726	99	2	see	see	VERB
cblr-1726	99	3	generally	generally	ADV
cblr-1726	99	4	robert	robert	PROPN
cblr-1726	99	5	c.	c.	PROPN
cblr-1726	99	6	hockett	hockett	PROPN
cblr-1726	99	7	&	&	CCONJ
cblr-1726	99	8	saule	saule	PROPN
cblr-1726	99	9	t.	t.	PROPN
cblr-1726	99	10	omarova	omarova	PROPN
cblr-1726	99	11	,	,	PUNCT
cblr-1726	99	12	the	the	DET
cblr-1726	99	13	finance	finance	NOUN
cblr-1726	99	14	franchise	franchise	NOUN
cblr-1726	99	15	,	,	PUNCT
cblr-1726	99	16	102	102	NUM
cblr-1726	99	17	cornell	cornell	PROPN
cblr-1726	99	18	l.	l.	PROPN
cblr-1726	99	19	rev	rev	PROPN
cblr-1726	99	20	.	.	PROPN
cblr-1726	99	21	1143	1143	NUM
cblr-1726	99	22	(	(	PUNCT
cblr-1726	99	23	2017	2017	NUM
cblr-1726	99	24	)	)	PUNCT
cblr-1726	99	25	(	(	PUNCT
cblr-1726	99	26	describing	describe	VERB
cblr-1726	99	27	the	the	DET
cblr-1726	99	28	modern	modern	ADJ
cblr-1726	99	29	financial	financial	ADJ
cblr-1726	99	30	system	system	NOUN
cblr-1726	99	31	as	as	ADP
cblr-1726	99	32	a	a	DET
cblr-1726	99	33	public	public	ADJ
cblr-1726	99	34	-	-	PUNCT
cblr-1726	99	35	private	private	ADJ
cblr-1726	99	36	partnership	partnership	NOUN
cblr-1726	99	37	characterized	characterize	VERB
cblr-1726	99	38	by	by	ADP
cblr-1726	99	39	the	the	DET
cblr-1726	99	40	public	public	ADJ
cblr-1726	99	41	accommodation	accommodation	NOUN
cblr-1726	99	42	and	and	CCONJ
cblr-1726	99	43	monetization	monetization	NOUN
cblr-1726	99	44	of	of	ADP
cblr-1726	99	45	private	private	ADJ
cblr-1726	99	46	liabilities	liability	NOUN
cblr-1726	99	47	)	)	PUNCT
cblr-1726	99	48	.	.	PUNCT
cblr-1726	100	1	14	14	NUM
cblr-1726	101	1	the	the	DET
cblr-1726	101	2	unique	unique	ADJ
cblr-1726	101	3	privilege	privilege	NOUN
cblr-1726	101	4	bestowed	bestow	VERB
cblr-1726	101	5	upon	upon	SCONJ
cblr-1726	101	6	banks	bank	NOUN
cblr-1726	101	7	to	to	PART
cblr-1726	101	8	issue	issue	VERB
cblr-1726	101	9	deposit	deposit	NOUN
cblr-1726	101	10	liabilities	liability	NOUN
cblr-1726	101	11	is	be	AUX
cblr-1726	101	12	reflected	reflect	VERB
cblr-1726	101	13	in	in	ADP
cblr-1726	101	14	the	the	DET
cblr-1726	101	15	legal	legal	ADJ
cblr-1726	101	16	definition	definition	NOUN
cblr-1726	101	17	of	of	ADP
cblr-1726	101	18	a	a	DET
cblr-1726	101	19	“	"	PUNCT
cblr-1726	101	20	bank	bank	NOUN
cblr-1726	101	21	”	"	PUNCT
cblr-1726	101	22	in	in	ADP
cblr-1726	101	23	most	most	ADJ
cblr-1726	101	24	jurisdictions	jurisdiction	NOUN
cblr-1726	101	25	.	.	PUNCT
cblr-1726	102	1	in	in	ADP
cblr-1726	102	2	the	the	DET
cblr-1726	102	3	european	european	PROPN
cblr-1726	102	4	union	union	PROPN
cblr-1726	102	5	,	,	PUNCT
cblr-1726	102	6	for	for	ADP
cblr-1726	102	7	example	example	NOUN
cblr-1726	102	8	,	,	PUNCT
cblr-1726	102	9	a	a	DET
cblr-1726	102	10	“	"	PUNCT
cblr-1726	102	11	credit	credit	NOUN
cblr-1726	102	12	institution	institution	NOUN
cblr-1726	102	13	[	[	X
cblr-1726	102	14	bank	bank	NOUN
cblr-1726	102	15	]	]	PUNCT
cblr-1726	102	16	means	mean	VERB
cblr-1726	102	17	an	an	DET
cblr-1726	102	18	undertaking	undertaking	NOUN
cblr-1726	102	19	the	the	DET
cblr-1726	102	20	business	business	NOUN
cblr-1726	102	21	of	of	ADP
cblr-1726	102	22	which	which	PRON
cblr-1726	102	23	is	be	AUX
cblr-1726	102	24	to	to	PART
cblr-1726	102	25	take	take	VERB
cblr-1726	102	26	deposits	deposit	NOUN
cblr-1726	102	27	or	or	CCONJ
cblr-1726	102	28	other	other	ADJ
cblr-1726	102	29	payable	payable	ADJ
cblr-1726	102	30	funds	fund	NOUN
cblr-1726	102	31	from	from	ADP
cblr-1726	102	32	the	the	DET
cblr-1726	102	33	public	public	NOUN
cblr-1726	102	34	and	and	CCONJ
cblr-1726	102	35	to	to	PART
cblr-1726	102	36	grant	grant	VERB
cblr-1726	102	37	credits	credit	NOUN
cblr-1726	102	38	for	for	ADP
cblr-1726	102	39	its	its	PRON
cblr-1726	102	40	own	own	ADJ
cblr-1726	102	41	account	account	NOUN
cblr-1726	102	42	.	.	PUNCT
cblr-1726	102	43	.	.	PUNCT
cblr-1726	103	1	.	.	PUNCT
cblr-1726	103	2	”	"	PUNCT
cblr-1726	104	1	(	(	PUNCT
cblr-1726	104	2	emphasis	emphasis	NOUN
cblr-1726	104	3	added	add	VERB
cblr-1726	104	4	)	)	PUNCT
cblr-1726	104	5	(	(	PUNCT
cblr-1726	104	6	internal	internal	ADJ
cblr-1726	104	7	quotation	quotation	NOUN
cblr-1726	104	8	marks	mark	NOUN
cblr-1726	104	9	omitted	omit	VERB
cblr-1726	104	10	)	)	PUNCT
cblr-1726	104	11	.	.	PUNCT
cblr-1726	105	1	regulation	regulation	NOUN
cblr-1726	105	2	(	(	PUNCT
cblr-1726	105	3	eu	eu	NOUN
cblr-1726	105	4	)	)	PUNCT
cblr-1726	105	5	no	no	DET
cblr-1726	105	6	575/2013	575/2013	NUM
cblr-1726	105	7	of	of	ADP
cblr-1726	105	8	the	the	DET
cblr-1726	105	9	european	european	ADJ
cblr-1726	105	10	parliament	parliament	NOUN
cblr-1726	105	11	and	and	CCONJ
cblr-1726	105	12	of	of	ADP
cblr-1726	105	13	the	the	DET
cblr-1726	105	14	council	council	NOUN
cblr-1726	105	15	of	of	ADP
cblr-1726	105	16	26	26	NUM
cblr-1726	105	17	june	june	PROPN
cblr-1726	105	18	2013	2013	NUM
cblr-1726	105	19	on	on	ADP
cblr-1726	105	20	prudential	prudential	ADJ
cblr-1726	105	21	requirements	requirement	NOUN
cblr-1726	105	22	for	for	ADP
cblr-1726	105	23	credit	credit	NOUN
cblr-1726	105	24	institutions	institution	NOUN
cblr-1726	105	25	and	and	CCONJ
cblr-1726	105	26	investment	investment	NOUN
cblr-1726	105	27	firms	firm	NOUN
cblr-1726	105	28	and	and	CCONJ
cblr-1726	105	29	amending	amend	VERB
cblr-1726	105	30	regulation	regulation	NOUN
cblr-1726	105	31	(	(	PUNCT
cblr-1726	105	32	eu	eu	NOUN
cblr-1726	105	33	)	)	PUNCT
cblr-1726	105	34	no	no	DET
cblr-1726	105	35	648/2012	648/2012	NUM
cblr-1726	105	36	,	,	PUNCT
cblr-1726	105	37	art	art	NOUN
cblr-1726	105	38	.	.	PUNCT
cblr-1726	106	1	4.1(1	4.1(1	NUM
cblr-1726	106	2	)	)	PUNCT
cblr-1726	106	3	,	,	PUNCT
cblr-1726	106	4	2013	2013	NUM
cblr-1726	106	5	o.j	o.j	PROPN
cblr-1726	106	6	.	.	PUNCT
cblr-1726	106	7	(	(	PUNCT
cblr-1726	106	8	l	l	NOUN
cblr-1726	106	9	176	176	NUM
cblr-1726	106	10	)	)	PUNCT
cblr-1726	106	11	18	18	NUM
cblr-1726	106	12	.	.	PUNCT
cblr-1726	107	1	there	there	PRON
cblr-1726	107	2	are	be	VERB
cblr-1726	107	3	several	several	ADJ
cblr-1726	107	4	definitions	definition	NOUN
cblr-1726	107	5	of	of	ADP
cblr-1726	107	6	a	a	DET
cblr-1726	107	7	“	"	PUNCT
cblr-1726	107	8	bank	bank	NOUN
cblr-1726	107	9	”	"	PUNCT
cblr-1726	107	10	under	under	ADP
cblr-1726	107	11	u.s	u.s	PROPN
cblr-1726	107	12	.	.	PROPN
cblr-1726	107	13	law	law	NOUN
cblr-1726	107	14	.	.	PUNCT
cblr-1726	108	1	for	for	ADP
cblr-1726	108	2	example	example	NOUN
cblr-1726	108	3	,	,	PUNCT
cblr-1726	108	4	a	a	DET
cblr-1726	108	5	bank	bank	NOUN
cblr-1726	108	6	is	be	AUX
cblr-1726	108	7	defined	define	VERB
cblr-1726	108	8	as	as	ADP
cblr-1726	108	9	“	"	PUNCT
cblr-1726	108	10	an	an	DET
cblr-1726	108	11	institution	institution	NOUN
cblr-1726	108	12	organized	organize	VERB
cblr-1726	108	13	under	under	ADP
cblr-1726	108	14	the	the	DET
cblr-1726	108	15	laws	law	NOUN
cblr-1726	108	16	of	of	ADP
cblr-1726	108	17	the	the	DET
cblr-1726	108	18	united	united	PROPN
cblr-1726	108	19	states	states	PROPN
cblr-1726	108	20	.	.	PUNCT
cblr-1726	108	21	.	.	PUNCT
cblr-1726	109	1	.	.	PUNCT
cblr-1726	110	1	which	which	PRON
cblr-1726	110	2	both—(i	both—(i	PROPN
cblr-1726	110	3	)	)	PUNCT
cblr-1726	110	4	accepts	accept	VERB
cblr-1726	110	5	demand	demand	NOUN
cblr-1726	110	6	deposits	deposit	NOUN
cblr-1726	110	7	or	or	CCONJ
cblr-1726	110	8	deposits	deposit	NOUN
cblr-1726	110	9	that	that	SCONJ
cblr-1726	110	10	the	the	DET
cblr-1726	110	11	depositor	depositor	NOUN
cblr-1726	110	12	may	may	AUX
cblr-1726	110	13	withdraw	withdraw	VERB
cblr-1726	110	14	by	by	ADP
cblr-1726	110	15	check	check	NOUN
cblr-1726	110	16	or	or	CCONJ
cblr-1726	110	17	similar	similar	ADJ
cblr-1726	110	18	means	mean	NOUN
cblr-1726	110	19	for	for	ADP
cblr-1726	110	20	payment	payment	NOUN
cblr-1726	110	21	to	to	ADP
cblr-1726	110	22	third	third	ADJ
cblr-1726	110	23	parties	party	NOUN
cblr-1726	110	24	or	or	CCONJ
cblr-1726	110	25	others	other	NOUN
cblr-1726	110	26	;	;	PUNCT
cblr-1726	110	27	and	and	CCONJ
cblr-1726	110	28	(	(	PUNCT
cblr-1726	110	29	ii	ii	NOUN
cblr-1726	110	30	)	)	PUNCT
cblr-1726	110	31	is	be	AUX
cblr-1726	110	32	engaged	engage	VERB
cblr-1726	110	33	in	in	ADP
cblr-1726	110	34	the	the	DET
cblr-1726	110	35	business	business	NOUN
cblr-1726	110	36	of	of	ADP
cblr-1726	110	37	making	make	VERB
cblr-1726	110	38	commercial	commercial	ADJ
cblr-1726	110	39	loans	loan	NOUN
cblr-1726	110	40	.	.	PUNCT
cblr-1726	110	41	”	"	PUNCT
cblr-1726	111	1	u.s	u.s	PROPN
cblr-1726	111	2	.	.	PROPN
cblr-1726	111	3	bank	bank	PROPN
cblr-1726	111	4	holding	hold	VERB
cblr-1726	111	5	company	company	NOUN
cblr-1726	111	6	act	act	NOUN
cblr-1726	111	7	of	of	ADP
cblr-1726	111	8	1956	1956	NUM
cblr-1726	111	9	,	,	PUNCT
cblr-1726	111	10	12	12	NUM
cblr-1726	111	11	u.s.c	u.s.c	ADJ
cblr-1726	111	12	.	.	PUNCT
cblr-1726	112	1	§	§	PROPN
cblr-1726	112	2	1841(2)(c)(1	1841(2)(c)(1	PROPN
cblr-1726	112	3	)	)	PUNCT
cblr-1726	112	4	(	(	PUNCT
cblr-1726	112	5	2012	2012	NUM
cblr-1726	112	6	)	)	PUNCT
cblr-1726	112	7	(	(	PUNCT
cblr-1726	112	8	emphasis	emphasis	NOUN
cblr-1726	112	9	added	add	VERB
cblr-1726	112	10	)	)	PUNCT
cblr-1726	112	11	.	.	PUNCT
cblr-1726	113	1	section	section	NOUN
cblr-1726	113	2	3(a)(2)(a	3(a)(2)(a	NUM
cblr-1726	113	3	)	)	PUNCT
cblr-1726	113	4	of	of	ADP
cblr-1726	113	5	the	the	DET
cblr-1726	113	6	federal	federal	ADJ
cblr-1726	113	7	deposit	deposit	PROPN
cblr-1726	113	8	insurance	insurance	PROPN
cblr-1726	113	9	act	act	PROPN
cblr-1726	113	10	,	,	PUNCT
cblr-1726	113	11	in	in	ADP
cblr-1726	113	12	contrast	contrast	NOUN
cblr-1726	113	13	,	,	PUNCT
cblr-1726	113	14	defines	define	VERB
cblr-1726	113	15	a	a	DET
cblr-1726	113	16	state	state	NOUN
cblr-1726	113	17	bank	bank	NOUN
cblr-1726	113	18	as	as	SCONJ
cblr-1726	113	19	“	"	PUNCT
cblr-1726	113	20	engaged	engage	VERB
cblr-1726	113	21	in	in	ADP
cblr-1726	113	22	the	the	DET
cblr-1726	113	23	business	business	NOUN
cblr-1726	113	24	of	of	ADP
cblr-1726	113	25	receiving	receive	VERB
cblr-1726	113	26	deposits	deposit	NOUN
cblr-1726	113	27	,	,	PUNCT
cblr-1726	113	28	other	other	ADJ
cblr-1726	113	29	than	than	ADP
cblr-1726	113	30	trust	trust	NOUN
cblr-1726	113	31	funds	fund	NOUN
cblr-1726	113	32	”	"	PUNCT
cblr-1726	113	33	without	without	ADP
cblr-1726	113	34	a	a	DET
cblr-1726	113	35	corresponding	corresponding	ADJ
cblr-1726	113	36	requirement	requirement	NOUN
cblr-1726	113	37	that	that	SCONJ
cblr-1726	113	38	they	they	PRON
cblr-1726	113	39	also	also	ADV
cblr-1726	113	40	be	be	AUX
cblr-1726	113	41	engaged	engage	VERB
cblr-1726	113	42	in	in	ADP
cblr-1726	113	43	the	the	DET
cblr-1726	113	44	business	business	NOUN
cblr-1726	113	45	of	of	ADP
cblr-1726	113	46	making	make	VERB
cblr-1726	113	47	commercial	commercial	ADJ
cblr-1726	113	48	loans	loan	NOUN
cblr-1726	113	49	.	.	PUNCT
cblr-1726	114	1	12	12	NUM
cblr-1726	114	2	u.s.c	u.s.c	NOUN
cblr-1726	114	3	.	.	PUNCT
cblr-1726	115	1	§	§	PROPN
cblr-1726	115	2	1813(a)(2)(a	1813(a)(2)(a	NUM
cblr-1726	115	3	)	)	PUNCT
cblr-1726	115	4	(	(	PUNCT
cblr-1726	115	5	2012	2012	NUM
cblr-1726	115	6	)	)	PUNCT
cblr-1726	115	7	.	.	PUNCT
cblr-1726	116	1	these	these	DET
cblr-1726	116	2	definitions	definition	NOUN
cblr-1726	116	3	are	be	AUX
cblr-1726	116	4	typically	typically	ADV
cblr-1726	116	5	accompanied	accompany	VERB
cblr-1726	116	6	by	by	ADP
cblr-1726	116	7	entry	entry	NOUN
cblr-1726	116	8	restrictions	restriction	NOUN
cblr-1726	116	9	prohibiting	prohibit	VERB
cblr-1726	116	10	all	all	DET
cblr-1726	116	11	firms	firm	NOUN
cblr-1726	116	12	other	other	ADJ
cblr-1726	116	13	than	than	ADP
cblr-1726	116	14	banks	bank	NOUN
cblr-1726	116	15	from	from	ADP
cblr-1726	116	16	issuing	issue	VERB
cblr-1726	116	17	deposit	deposit	NOUN
cblr-1726	116	18	liabilities	liability	NOUN
cblr-1726	116	19	.	.	PUNCT
cblr-1726	117	1	see	see	VERB
cblr-1726	117	2	,	,	PUNCT
cblr-1726	117	3	e.g.	e.g.	ADV
cblr-1726	117	4	,	,	PUNCT
cblr-1726	117	5	12	12	NUM
cblr-1726	117	6	u.s.c	u.s.c	NOUN
cblr-1726	117	7	.	.	PUNCT
cblr-1726	118	1	§	§	PROPN
cblr-1726	118	2	378(a)(2	378(a)(2	NUM
cblr-1726	118	3	)	)	PUNCT
cblr-1726	118	4	(	(	PUNCT
cblr-1726	118	5	2012	2012	NUM
cblr-1726	118	6	)	)	PUNCT
cblr-1726	118	7	.	.	PUNCT
cblr-1726	119	1	15	15	NUM
cblr-1726	119	2	for	for	ADP
cblr-1726	119	3	a	a	DET
cblr-1726	119	4	more	more	ADV
cblr-1726	119	5	detailed	detailed	ADJ
cblr-1726	119	6	description	description	NOUN
cblr-1726	119	7	of	of	ADP
cblr-1726	119	8	this	this	DET
cblr-1726	119	9	prudential	prudential	ADJ
cblr-1726	119	10	regulation	regulation	NOUN
cblr-1726	119	11	and	and	CCONJ
cblr-1726	119	12	supervision	supervision	NOUN
cblr-1726	119	13	,	,	PUNCT
cblr-1726	119	14	see	see	VERB
cblr-1726	119	15	john	john	PROPN
cblr-1726	119	16	armour	armour	PROPN
cblr-1726	119	17	et	et	PROPN
cblr-1726	119	18	al	al	PROPN
cblr-1726	119	19	.	.	PROPN
cblr-1726	119	20	,	,	PUNCT
cblr-1726	119	21	principles	principle	NOUN
cblr-1726	119	22	of	of	ADP
cblr-1726	119	23	financial	financial	ADJ
cblr-1726	119	24	regulation	regulation	NOUN
cblr-1726	119	25	chs	ch	NOUN
cblr-1726	119	26	.	.	PROPN
cblr-1726	120	1	14	14	NUM
cblr-1726	120	2	,	,	PUNCT
cblr-1726	120	3	15	15	NUM
cblr-1726	120	4	,	,	PUNCT
cblr-1726	120	5	26	26	NUM
cblr-1726	120	6	(	(	PUNCT
cblr-1726	120	7	2016	2016	NUM
cblr-1726	120	8	)	)	PUNCT
cblr-1726	120	9	.	.	PUNCT
cblr-1726	121	1	awrey	awrey	PROPN
cblr-1726	121	2	–	–	PUNCT
cblr-1726	121	3	final	final	ADJ
cblr-1726	121	4	942	942	NUM
cblr-1726	121	5	columbia	columbia	PROPN
cblr-1726	121	6	business	business	NOUN
cblr-1726	121	7	law	law	PROPN
cblr-1726	121	8	review	review	NOUN
cblr-1726	122	1	[	[	X
cblr-1726	122	2	vol	vol	NOUN
cblr-1726	122	3	.	.	NOUN
cblr-1726	122	4	2017	2017	NUM
cblr-1726	122	5	tance	tance	NOUN
cblr-1726	122	6	or	or	CCONJ
cblr-1726	122	7	“	"	PUNCT
cblr-1726	122	8	lender	lender	NOUN
cblr-1726	122	9	of	of	ADP
cblr-1726	122	10	last	last	ADJ
cblr-1726	122	11	resort	resort	NOUN
cblr-1726	122	12	”	"	PUNCT
cblr-1726	122	13	facilities	facility	NOUN
cblr-1726	122	14	,	,	PUNCT
cblr-1726	122	15	and	and	CCONJ
cblr-1726	122	16	special	special	ADJ
cblr-1726	122	17	bankruptcy	bankruptcy	NOUN
cblr-1726	122	18	or	or	CCONJ
cblr-1726	122	19	“	"	PUNCT
cblr-1726	122	20	resolution	resolution	NOUN
cblr-1726	122	21	”	"	PUNCT
cblr-1726	122	22	regimes	regime	NOUN
cblr-1726	122	23	for	for	ADP
cblr-1726	122	24	failing	fail	VERB
cblr-1726	122	25	banks.16	banks.16	PROPN
cblr-1726	122	26	collectively	collectively	ADV
cblr-1726	122	27	,	,	PUNCT
cblr-1726	122	28	this	this	DET
cblr-1726	122	29	support	support	NOUN
cblr-1726	122	30	enhances	enhance	VERB
cblr-1726	122	31	the	the	DET
cblr-1726	122	32	credibility	credibility	NOUN
cblr-1726	122	33	of	of	ADP
cblr-1726	122	34	a	a	DET
cblr-1726	122	35	bank	bank	NOUN
cblr-1726	122	36	’s	’s	PART
cblr-1726	122	37	commitment	commitment	NOUN
cblr-1726	122	38	to	to	PART
cblr-1726	122	39	honor	honor	VERB
cblr-1726	122	40	its	its	PRON
cblr-1726	122	41	deposit	deposit	NOUN
cblr-1726	122	42	and	and	CCONJ
cblr-1726	122	43	other	other	ADJ
cblr-1726	122	44	short	short	ADJ
cblr-1726	122	45	-	-	PUNCT
cblr-1726	122	46	term	term	NOUN
cblr-1726	122	47	liabilities	liability	NOUN
cblr-1726	122	48	.	.	PUNCT
cblr-1726	123	1	this	this	DET
cblr-1726	123	2	credibility	credibility	NOUN
cblr-1726	123	3	is	be	AUX
cblr-1726	123	4	further	far	ADV
cblr-1726	123	5	enhanced	enhance	VERB
cblr-1726	123	6	by	by	ADP
cblr-1726	123	7	the	the	DET
cblr-1726	123	8	willingness	willingness	NOUN
cblr-1726	123	9	of	of	ADP
cblr-1726	123	10	the	the	DET
cblr-1726	123	11	state	state	NOUN
cblr-1726	123	12	to	to	PART
cblr-1726	123	13	accept	accept	VERB
cblr-1726	123	14	deposit	deposit	NOUN
cblr-1726	123	15	liabilities	liability	NOUN
cblr-1726	123	16	in	in	ADP
cblr-1726	123	17	satisfaction	satisfaction	NOUN
cblr-1726	123	18	of	of	ADP
cblr-1726	123	19	tax	tax	NOUN
cblr-1726	123	20	and	and	CCONJ
cblr-1726	123	21	other	other	ADJ
cblr-1726	123	22	obligations	obligation	NOUN
cblr-1726	123	23	.	.	PUNCT
cblr-1726	124	1	the	the	DET
cblr-1726	124	2	role	role	NOUN
cblr-1726	124	3	of	of	ADP
cblr-1726	124	4	the	the	DET
cblr-1726	124	5	state	state	NOUN
cblr-1726	124	6	in	in	ADP
cblr-1726	124	7	licensing	licensing	NOUN
cblr-1726	124	8	,	,	PUNCT
cblr-1726	124	9	regulating	regulating	NOUN
cblr-1726	124	10	,	,	PUNCT
cblr-1726	124	11	and	and	CCONJ
cblr-1726	124	12	supporting	support	VERB
cblr-1726	124	13	banks	bank	NOUN
cblr-1726	124	14	thus	thus	ADV
cblr-1726	124	15	serves	serve	VERB
cblr-1726	124	16	to	to	PART
cblr-1726	124	17	entrench	entrench	VERB
cblr-1726	124	18	deposit	deposit	NOUN
cblr-1726	124	19	liabilities	liability	NOUN
cblr-1726	124	20	as	as	ADP
cblr-1726	124	21	close	close	ADJ
cblr-1726	124	22	substitutes	substitute	NOUN
cblr-1726	124	23	for	for	ADP
cblr-1726	124	24	coins	coin	NOUN
cblr-1726	124	25	,	,	PUNCT
cblr-1726	124	26	paper	paper	NOUN
cblr-1726	124	27	currency	currency	NOUN
cblr-1726	124	28	,	,	PUNCT
cblr-1726	124	29	and	and	CCONJ
cblr-1726	124	30	other	other	ADJ
cblr-1726	124	31	forms	form	NOUN
cblr-1726	124	32	of	of	ADP
cblr-1726	124	33	state	state	NOUN
cblr-1726	124	34	money	money	NOUN
cblr-1726	124	35	.	.	PUNCT
cblr-1726	125	1	once	once	ADV
cblr-1726	125	2	again	again	ADV
cblr-1726	125	3	,	,	PUNCT
cblr-1726	125	4	it	it	PRON
cblr-1726	125	5	is	be	AUX
cblr-1726	125	6	the	the	DET
cblr-1726	125	7	state	state	NOUN
cblr-1726	125	8	—	—	PUNCT
cblr-1726	125	9	this	this	DET
cblr-1726	125	10	time	time	NOUN
cblr-1726	125	11	in	in	ADP
cblr-1726	125	12	its	its	PRON
cblr-1726	125	13	capacity	capacity	NOUN
cblr-1726	125	14	as	as	ADP
cblr-1726	125	15	the	the	DET
cblr-1726	125	16	guardian	guardian	NOUN
cblr-1726	125	17	of	of	ADP
cblr-1726	125	18	the	the	DET
cblr-1726	125	19	conventional	conventional	ADJ
cblr-1726	125	20	banking	banking	NOUN
cblr-1726	125	21	system	system	NOUN
cblr-1726	125	22	—	—	PUNCT
cblr-1726	125	23	that	that	SCONJ
cblr-1726	125	24	exercises	exercise	VERB
cblr-1726	125	25	control	control	VERB
cblr-1726	125	26	over	over	ADP
cblr-1726	125	27	the	the	DET
cblr-1726	125	28	machinery	machinery	NOUN
cblr-1726	125	29	of	of	ADP
cblr-1726	125	30	money	money	NOUN
cblr-1726	125	31	creation	creation	NOUN
cblr-1726	125	32	.	.	PUNCT
cblr-1726	126	1	if	if	SCONJ
cblr-1726	126	2	only	only	ADV
cblr-1726	126	3	it	it	PRON
cblr-1726	126	4	were	be	AUX
cblr-1726	126	5	so	so	ADV
cblr-1726	126	6	simple	simple	ADJ
cblr-1726	126	7	.	.	PUNCT
cblr-1726	127	1	recent	recent	ADJ
cblr-1726	127	2	decades	decade	NOUN
cblr-1726	127	3	have	have	AUX
cblr-1726	127	4	witnessed	witness	VERB
cblr-1726	127	5	the	the	DET
cblr-1726	127	6	gradual	gradual	ADJ
cblr-1726	127	7	erosion	erosion	NOUN
cblr-1726	127	8	of	of	ADP
cblr-1726	127	9	the	the	DET
cblr-1726	127	10	privileged	privileged	ADJ
cblr-1726	127	11	and	and	CCONJ
cblr-1726	127	12	mutually	mutually	ADV
cblr-1726	127	13	beneficial	beneficial	ADJ
cblr-1726	127	14	relationship	relationship	NOUN
cblr-1726	127	15	between	between	ADP
cblr-1726	127	16	the	the	DET
cblr-1726	127	17	state	state	NOUN
cblr-1726	127	18	,	,	PUNCT
cblr-1726	127	19	banks	bank	NOUN
cblr-1726	127	20	,	,	PUNCT
cblr-1726	127	21	and	and	CCONJ
cblr-1726	127	22	private	private	ADJ
cblr-1726	127	23	money	money	NOUN
cblr-1726	127	24	creation	creation	NOUN
cblr-1726	127	25	.	.	PUNCT
cblr-1726	128	1	in	in	ADP
cblr-1726	128	2	retail	retail	ADJ
cblr-1726	128	3	banking	banking	NOUN
cblr-1726	128	4	,	,	PUNCT
cblr-1726	128	5	money	money	NOUN
cblr-1726	128	6	market	market	NOUN
cblr-1726	128	7	mutual	mutual	ADJ
cblr-1726	128	8	funds	fund	NOUN
cblr-1726	128	9	have	have	AUX
cblr-1726	128	10	emerged	emerge	VERB
cblr-1726	128	11	as	as	ADP
cblr-1726	128	12	a	a	DET
cblr-1726	128	13	substitute	substitute	NOUN
cblr-1726	128	14	for	for	ADP
cblr-1726	128	15	conventional	conventional	ADJ
cblr-1726	128	16	deposit	deposit	NOUN
cblr-1726	128	17	and	and	CCONJ
cblr-1726	128	18	checking	check	VERB
cblr-1726	128	19	accounts.17	accounts.17	NOUN
cblr-1726	128	20	in	in	ADP
cblr-1726	128	21	commercial	commercial	ADJ
cblr-1726	128	22	and	and	CCONJ
cblr-1726	128	23	wholesale	wholesale	ADJ
cblr-1726	128	24	banking	banking	NOUN
cblr-1726	128	25	,	,	PUNCT
cblr-1726	128	26	money	money	NOUN
cblr-1726	128	27	market	market	NOUN
cblr-1726	128	28	funds	fund	NOUN
cblr-1726	128	29	,	,	PUNCT
cblr-1726	128	30	short	short	ADJ
cblr-1726	128	31	-	-	PUNCT
cblr-1726	128	32	term	term	NOUN
cblr-1726	128	33	commercial	commercial	ADJ
cblr-1726	128	34	paper	paper	NOUN
cblr-1726	128	35	,	,	PUNCT
cblr-1726	128	36	and	and	CCONJ
cblr-1726	128	37	repurchase	repurchase	VERB
cblr-1726	128	38	(	(	PUNCT
cblr-1726	128	39	or	or	CCONJ
cblr-1726	128	40	“	"	PUNCT
cblr-1726	128	41	repo	repo	VERB
cblr-1726	128	42	”	"	PUNCT
cblr-1726	128	43	)	)	PUNCT
cblr-1726	128	44	agreements	agreement	NOUN
cblr-1726	128	45	have	have	AUX
cblr-1726	128	46	grown	grow	VERB
cblr-1726	128	47	to	to	PART
cblr-1726	128	48	rival	rival	VERB
cblr-1726	128	49	the	the	DET
cblr-1726	128	50	more	more	ADV
cblr-1726	128	51	traditional	traditional	ADJ
cblr-1726	128	52	savings	saving	NOUN
cblr-1726	128	53	products	product	NOUN
cblr-1726	128	54	offered	offer	VERB
cblr-1726	128	55	by	by	ADP
cblr-1726	128	56	banks.18	banks.18	PROPN
cblr-1726	128	57	equally	equally	ADV
cblr-1726	128	58	important	important	ADJ
cblr-1726	128	59	,	,	PUNCT
cblr-1726	128	60	although	although	SCONJ
cblr-1726	128	61	again	again	ADV
cblr-1726	128	62	often	often	ADV
cblr-1726	128	63	far	far	ADV
cblr-1726	128	64	less	less	ADV
cblr-1726	128	65	appreciated	appreciated	ADJ
cblr-1726	128	66	,	,	PUNCT
cblr-1726	128	67	banks	bank	NOUN
cblr-1726	128	68	and	and	CCONJ
cblr-1726	128	69	other	other	ADJ
cblr-1726	128	70	financial	financial	ADJ
cblr-1726	128	71	institutions	institution	NOUN
cblr-1726	128	72	incorporated	incorporate	VERB
cblr-1726	128	73	and	and	CCONJ
cblr-1726	128	74	licensed	license	VERB
cblr-1726	128	75	in	in	ADP
cblr-1726	128	76	one	one	NUM
cblr-1726	128	77	country	country	NOUN
cblr-1726	128	78	have	have	AUX
cblr-1726	128	79	increasingly	increasingly	ADV
cblr-1726	128	80	adopted	adopt	VERB
cblr-1726	128	81	the	the	DET
cblr-1726	128	82	practice	practice	NOUN
cblr-1726	128	83	of	of	ADP
cblr-1726	128	84	issuing	issue	VERB
cblr-1726	128	85	deposits	deposit	NOUN
cblr-1726	128	86	and	and	CCONJ
cblr-1726	128	87	other	other	ADJ
cblr-1726	128	88	short	short	ADJ
cblr-1726	128	89	-	-	PUNCT
cblr-1726	128	90	term	term	NOUN
cblr-1726	128	91	liabilities	liability	NOUN
cblr-1726	128	92	denominated	denominate	VERB
cblr-1726	128	93	in	in	ADP
cblr-1726	128	94	the	the	DET
cblr-1726	128	95	currency	currency	NOUN
cblr-1726	128	96	of	of	ADP
cblr-1726	128	97	another	another	DET
cblr-1726	128	98	country	country	NOUN
cblr-1726	128	99	.	.	PUNCT
cblr-1726	129	1	banks	bank	NOUN
cblr-1726	129	2	in	in	ADP
cblr-1726	129	3	london	london	PROPN
cblr-1726	129	4	offer	offer	VERB
cblr-1726	129	5	u.s	u.s	PROPN
cblr-1726	129	6	.	.	PROPN
cblr-1726	129	7	dollar	dollar	NOUN
cblr-1726	129	8	deposit	deposit	NOUN
cblr-1726	129	9	ac	ac	ADV
cblr-1726	129	10	16	16	NUM
cblr-1726	129	11	for	for	ADP
cblr-1726	129	12	an	an	DET
cblr-1726	129	13	in	in	ADP
cblr-1726	129	14	-	-	PUNCT
cblr-1726	129	15	depth	depth	NOUN
cblr-1726	129	16	look	look	NOUN
cblr-1726	129	17	at	at	ADP
cblr-1726	129	18	this	this	DET
cblr-1726	129	19	support	support	NOUN
cblr-1726	129	20	,	,	PUNCT
cblr-1726	129	21	see	see	VERB
cblr-1726	129	22	i	i	PRON
cblr-1726	129	23	d.	d.	PROPN
cblr-1726	129	24	at	at	ADP
cblr-1726	129	25	chs	chs	PROPN
cblr-1726	129	26	.	.	PROPN
cblr-1726	130	1	15	15	NUM
cblr-1726	130	2	,	,	PUNCT
cblr-1726	130	3	16	16	NUM
cblr-1726	130	4	.	.	PUNCT
cblr-1726	131	1	for	for	ADP
cblr-1726	131	2	a	a	DET
cblr-1726	131	3	discussion	discussion	NOUN
cblr-1726	131	4	of	of	ADP
cblr-1726	131	5	how	how	SCONJ
cblr-1726	131	6	such	such	ADJ
cblr-1726	131	7	support	support	NOUN
cblr-1726	131	8	enhances	enhance	VERB
cblr-1726	131	9	the	the	DET
cblr-1726	131	10	credibility	credibility	NOUN
cblr-1726	131	11	of	of	ADP
cblr-1726	131	12	the	the	DET
cblr-1726	131	13	commitments	commitment	NOUN
cblr-1726	131	14	underpinning	underpin	VERB
cblr-1726	131	15	these	these	DET
cblr-1726	131	16	liabilities	liability	NOUN
cblr-1726	131	17	,	,	PUNCT
cblr-1726	131	18	see	see	VERB
cblr-1726	131	19	anna	anna	PROPN
cblr-1726	131	20	gelpern	gelpern	PROPN
cblr-1726	131	21	&	&	CCONJ
cblr-1726	131	22	erik	erik	PROPN
cblr-1726	131	23	f.	f.	PROPN
cblr-1726	131	24	gerding	gerding	PROPN
cblr-1726	131	25	,	,	PUNCT
cblr-1726	131	26	inside	inside	ADP
cblr-1726	131	27	safe	safe	ADJ
cblr-1726	131	28	assets	asset	NOUN
cblr-1726	131	29	,	,	PUNCT
cblr-1726	131	30	33	33	NUM
cblr-1726	131	31	yale	yale	PROPN
cblr-1726	131	32	j.	j.	PROPN
cblr-1726	131	33	on	on	ADP
cblr-1726	131	34	reg	reg	PROPN
cblr-1726	131	35	.	.	PROPN
cblr-1726	132	1	363	363	NUM
cblr-1726	132	2	(	(	PUNCT
cblr-1726	132	3	2016	2016	NUM
cblr-1726	132	4	)	)	PUNCT
cblr-1726	132	5	.	.	PUNCT
cblr-1726	133	1	17	17	NUM
cblr-1726	133	2	for	for	ADP
cblr-1726	133	3	a	a	DET
cblr-1726	133	4	good	good	ADJ
cblr-1726	133	5	summary	summary	NOUN
cblr-1726	133	6	of	of	ADP
cblr-1726	133	7	the	the	DET
cblr-1726	133	8	emergence	emergence	NOUN
cblr-1726	133	9	of	of	ADP
cblr-1726	133	10	money	money	NOUN
cblr-1726	133	11	market	market	NOUN
cblr-1726	133	12	mutual	mutual	ADJ
cblr-1726	133	13	funds	fund	NOUN
cblr-1726	133	14	as	as	ADP
cblr-1726	133	15	substitutes	substitute	NOUN
cblr-1726	133	16	for	for	ADP
cblr-1726	133	17	bank	bank	NOUN
cblr-1726	133	18	deposits	deposit	NOUN
cblr-1726	133	19	,	,	PUNCT
cblr-1726	133	20	see	see	VERB
cblr-1726	133	21	jonathan	jonathan	PROPN
cblr-1726	133	22	macey	macey	PROPN
cblr-1726	133	23	,	,	PUNCT
cblr-1726	133	24	reducing	reduce	VERB
cblr-1726	133	25	systemic	systemic	ADJ
cblr-1726	133	26	risk	risk	NOUN
cblr-1726	133	27	:	:	PUNCT
cblr-1726	133	28	the	the	DET
cblr-1726	133	29	role	role	NOUN
cblr-1726	133	30	of	of	ADP
cblr-1726	133	31	money	money	NOUN
cblr-1726	133	32	market	market	NOUN
cblr-1726	133	33	mutual	mutual	ADJ
cblr-1726	133	34	funds	fund	NOUN
cblr-1726	133	35	as	as	ADP
cblr-1726	133	36	substitutes	substitute	NOUN
cblr-1726	133	37	for	for	ADP
cblr-1726	133	38	federally	federally	ADV
cblr-1726	133	39	insured	insure	VERB
cblr-1726	133	40	bank	bank	NOUN
cblr-1726	133	41	deposits	deposit	NOUN
cblr-1726	133	42	,	,	PUNCT
cblr-1726	133	43	17	17	NUM
cblr-1726	133	44	stan	stan	NOUN
cblr-1726	133	45	.	.	PUNCT
cblr-1726	134	1	j.l	j.l	PROPN
cblr-1726	134	2	.	.	PROPN
cblr-1726	134	3	bus	bus	PROPN
cblr-1726	134	4	.	.	PUNCT
cblr-1726	134	5	&	&	CCONJ
cblr-1726	134	6	fin	fin	PROPN
cblr-1726	134	7	.	.	PUNCT
cblr-1726	135	1	131	131	NUM
cblr-1726	135	2	(	(	PUNCT
cblr-1726	135	3	2011	2011	NUM
cblr-1726	135	4	)	)	PUNCT
cblr-1726	135	5	.	.	PUNCT
cblr-1726	136	1	18	18	NUM
cblr-1726	136	2	for	for	ADP
cblr-1726	136	3	a	a	DET
cblr-1726	136	4	description	description	NOUN
cblr-1726	136	5	of	of	ADP
cblr-1726	136	6	how	how	SCONJ
cblr-1726	136	7	and	and	CCONJ
cblr-1726	136	8	why	why	SCONJ
cblr-1726	136	9	commercial	commercial	ADJ
cblr-1726	136	10	paper	paper	NOUN
cblr-1726	136	11	and	and	CCONJ
cblr-1726	136	12	repurchase	repurchase	VERB
cblr-1726	136	13	agreements	agreement	NOUN
cblr-1726	136	14	serve	serve	VERB
cblr-1726	136	15	as	as	ADP
cblr-1726	136	16	substitutes	substitute	NOUN
cblr-1726	136	17	for	for	ADP
cblr-1726	136	18	more	more	ADV
cblr-1726	136	19	traditional	traditional	ADJ
cblr-1726	136	20	banking	banking	NOUN
cblr-1726	136	21	products	product	NOUN
cblr-1726	136	22	,	,	PUNCT
cblr-1726	136	23	see	see	VERB
cblr-1726	136	24	armour	armour	NOUN
cblr-1726	136	25	et	et	PROPN
cblr-1726	136	26	al	al	PROPN
cblr-1726	136	27	.	.	PROPN
cblr-1726	136	28	,	,	PUNCT
cblr-1726	136	29	supra	supra	PROPN
cblr-1726	136	30	note	note	PROPN
cblr-1726	136	31	15	15	NUM
cblr-1726	136	32	,	,	PUNCT
cblr-1726	136	33	ch	ch	NOUN
cblr-1726	136	34	.	.	PROPN
cblr-1726	136	35	21	21	NUM
cblr-1726	136	36	.	.	PUNCT
cblr-1726	137	1	for	for	ADP
cblr-1726	137	2	a	a	DET
cblr-1726	137	3	description	description	NOUN
cblr-1726	137	4	of	of	ADP
cblr-1726	137	5	how	how	SCONJ
cblr-1726	137	6	money	money	NOUN
cblr-1726	137	7	market	market	NOUN
cblr-1726	137	8	mutual	mutual	ADJ
cblr-1726	137	9	funds	fund	NOUN
cblr-1726	137	10	serve	serve	VERB
cblr-1726	137	11	as	as	ADP
cblr-1726	137	12	substitutes	substitute	NOUN
cblr-1726	137	13	for	for	ADP
cblr-1726	137	14	bank	bank	NOUN
cblr-1726	137	15	deposits	deposit	NOUN
cblr-1726	137	16	,	,	PUNCT
cblr-1726	137	17	see	see	VERB
cblr-1726	137	18	macey	macey	PROPN
cblr-1726	137	19	,	,	PUNCT
cblr-1726	137	20	supra	supra	PROPN
cblr-1726	137	21	note	note	PROPN
cblr-1726	137	22	17	17	NUM
cblr-1726	137	23	.	.	PUNCT
cblr-1726	138	1	awrey	awrey	PROPN
cblr-1726	138	2	–	–	PUNCT
cblr-1726	138	3	final	final	ADJ
cblr-1726	138	4	no	no	NOUN
cblr-1726	138	5	.	.	PUNCT
cblr-1726	139	1	3:934	3:934	X
cblr-1726	139	2	]	]	X
cblr-1726	139	3	foreign	foreign	ADJ
cblr-1726	139	4	currency	currency	NOUN
cblr-1726	139	5	liquidity	liquidity	NOUN
cblr-1726	139	6	assistance	assistance	NOUN
cblr-1726	139	7	943	943	NUM
cblr-1726	139	8	counts	count	NOUN
cblr-1726	139	9	;	;	PUNCT
cblr-1726	139	10	investment	investment	NOUN
cblr-1726	139	11	banks	bank	NOUN
cblr-1726	139	12	in	in	ADP
cblr-1726	139	13	shanghai	shanghai	PROPN
cblr-1726	139	14	provide	provide	VERB
cblr-1726	139	15	euro	euro	PROPN
cblr-1726	139	16	denominated	denominate	VERB
cblr-1726	139	17	trade	trade	NOUN
cblr-1726	139	18	financing	financing	NOUN
cblr-1726	139	19	.	.	PUNCT
cblr-1726	140	1	the	the	DET
cblr-1726	140	2	unfettered	unfettered	ADJ
cblr-1726	140	3	ability	ability	NOUN
cblr-1726	140	4	of	of	ADP
cblr-1726	140	5	financial	financial	ADJ
cblr-1726	140	6	institutions	institution	NOUN
cblr-1726	140	7	to	to	PART
cblr-1726	140	8	create	create	VERB
cblr-1726	140	9	these	these	DET
cblr-1726	140	10	short	short	ADJ
cblr-1726	140	11	-	-	PUNCT
cblr-1726	140	12	term	term	NOUN
cblr-1726	140	13	foreign	foreign	ADJ
cblr-1726	140	14	currency	currency	NOUN
cblr-1726	140	15	liabilities	liability	NOUN
cblr-1726	140	16	with	with	ADP
cblr-1726	140	17	little	little	ADJ
cblr-1726	140	18	more	more	ADJ
cblr-1726	140	19	than	than	ADP
cblr-1726	140	20	the	the	DET
cblr-1726	140	21	stroke	stroke	NOUN
cblr-1726	140	22	of	of	ADP
cblr-1726	140	23	a	a	DET
cblr-1726	140	24	bookkeeper	bookkeeper	NOUN
cblr-1726	140	25	’s	’s	PART
cblr-1726	140	26	pen	pen	NOUN
cblr-1726	140	27	—	—	PUNCT
cblr-1726	140	28	or	or	CCONJ
cblr-1726	140	29	a	a	DET
cblr-1726	140	30	few	few	ADJ
cblr-1726	140	31	keys	key	NOUN
cblr-1726	140	32	—	—	PUNCT
cblr-1726	140	33	effectively	effectively	ADV
cblr-1726	140	34	severs	sever	VERB
cblr-1726	140	35	the	the	DET
cblr-1726	140	36	cord	cord	NOUN
cblr-1726	140	37	between	between	ADP
cblr-1726	140	38	states	state	NOUN
cblr-1726	140	39	and	and	CCONJ
cblr-1726	140	40	money	money	NOUN
cblr-1726	140	41	creation	creation	NOUN
cblr-1726	140	42	.	.	PUNCT
cblr-1726	141	1	this	this	PRON
cblr-1726	141	2	is	be	AUX
cblr-1726	141	3	the	the	DET
cblr-1726	141	4	world	world	NOUN
cblr-1726	141	5	of	of	ADP
cblr-1726	141	6	the	the	DET
cblr-1726	141	7	eurodollar	eurodollar	PROPN
cblr-1726	141	8	market	market	NOUN
cblr-1726	141	9	.	.	PUNCT
cblr-1726	142	1	the	the	DET
cblr-1726	142	2	eurodollar	eurodollar	PROPN
cblr-1726	142	3	market	market	NOUN
cblr-1726	142	4	has	have	AUX
cblr-1726	142	5	been	be	AUX
cblr-1726	142	6	around	around	ADV
cblr-1726	142	7	for	for	ADP
cblr-1726	142	8	a	a	DET
cblr-1726	142	9	very	very	ADV
cblr-1726	142	10	long	long	ADJ
cblr-1726	142	11	time	time	NOUN
cblr-1726	142	12	.	.	PUNCT
cblr-1726	143	1	writing	write	VERB
cblr-1726	143	2	in	in	ADP
cblr-1726	143	3	1873	1873	NUM
cblr-1726	143	4	,	,	PUNCT
cblr-1726	143	5	the	the	DET
cblr-1726	143	6	english	english	ADJ
cblr-1726	143	7	essayist	essayist	NOUN
cblr-1726	143	8	and	and	CCONJ
cblr-1726	143	9	father	father	NOUN
cblr-1726	143	10	of	of	ADP
cblr-1726	143	11	modern	modern	ADJ
cblr-1726	143	12	central	central	ADJ
cblr-1726	143	13	banking	banking	NOUN
cblr-1726	143	14	,	,	PUNCT
cblr-1726	143	15	walter	walter	PROPN
cblr-1726	143	16	bagehot	bagehot	PROPN
cblr-1726	143	17	,	,	PUNCT
cblr-1726	143	18	described	describe	VERB
cblr-1726	143	19	the	the	DET
cblr-1726	143	20	predecessor	predecessor	NOUN
cblr-1726	143	21	to	to	ADP
cblr-1726	143	22	the	the	DET
cblr-1726	143	23	modern	modern	ADJ
cblr-1726	143	24	eurodollar	eurodollar	PROPN
cblr-1726	143	25	market	market	NOUN
cblr-1726	143	26	as	as	ADP
cblr-1726	143	27	an	an	DET
cblr-1726	143	28	important	important	ADJ
cblr-1726	143	29	component	component	NOUN
cblr-1726	143	30	of	of	ADP
cblr-1726	143	31	london	london	PROPN
cblr-1726	143	32	’s	’s	PART
cblr-1726	143	33	money	money	NOUN
cblr-1726	143	34	market.19	market.19	NOUN
cblr-1726	144	1	yet	yet	ADV
cblr-1726	144	2	it	it	PRON
cblr-1726	144	3	is	be	AUX
cblr-1726	144	4	only	only	ADV
cblr-1726	144	5	in	in	ADP
cblr-1726	144	6	the	the	DET
cblr-1726	144	7	past	past	ADJ
cblr-1726	144	8	twenty	twenty	NUM
cblr-1726	144	9	years	year	NOUN
cblr-1726	144	10	or	or	CCONJ
cblr-1726	144	11	so	so	SCONJ
cblr-1726	144	12	that	that	SCONJ
cblr-1726	144	13	this	this	DET
cblr-1726	144	14	market	market	NOUN
cblr-1726	144	15	has	have	AUX
cblr-1726	144	16	blossomed	blossom	VERB
cblr-1726	144	17	into	into	ADP
cblr-1726	144	18	a	a	DET
cblr-1726	144	19	multi	multi	ADJ
cblr-1726	144	20	-	-	ADJ
cblr-1726	144	21	trillion	trillion	NUM
cblr-1726	144	22	dollar	dollar	NOUN
cblr-1726	144	23	behemoth	behemoth	NOUN
cblr-1726	144	24	,	,	PUNCT
cblr-1726	144	25	the	the	DET
cblr-1726	144	26	health	health	NOUN
cblr-1726	144	27	and	and	CCONJ
cblr-1726	144	28	stability	stability	NOUN
cblr-1726	144	29	of	of	ADP
cblr-1726	144	30	which	which	PRON
cblr-1726	144	31	has	have	VERB
cblr-1726	144	32	a	a	DET
cblr-1726	144	33	significant	significant	ADJ
cblr-1726	144	34	impact	impact	NOUN
cblr-1726	144	35	on	on	ADP
cblr-1726	144	36	global	global	ADJ
cblr-1726	144	37	economic	economic	ADJ
cblr-1726	144	38	activity	activity	NOUN
cblr-1726	144	39	and	and	CCONJ
cblr-1726	144	40	financial	financial	ADJ
cblr-1726	144	41	stability	stability	NOUN
cblr-1726	144	42	.	.	PUNCT
cblr-1726	145	1	the	the	DET
cblr-1726	145	2	best	well	ADV
cblr-1726	145	3	-	-	PUNCT
cblr-1726	145	4	known	know	VERB
cblr-1726	145	5	eurodollar	eurodollar	NOUN
cblr-1726	145	6	market	market	NOUN
cblr-1726	145	7	is	be	AUX
cblr-1726	145	8	the	the	DET
cblr-1726	145	9	market	market	NOUN
cblr-1726	145	10	for	for	ADP
cblr-1726	145	11	u.s	u.s	PROPN
cblr-1726	145	12	.	.	PROPN
cblr-1726	145	13	dollar	dollar	NOUN
cblr-1726	145	14	denominated	denominate	VERB
cblr-1726	145	15	deposits	deposit	NOUN
cblr-1726	145	16	held	hold	VERB
cblr-1726	145	17	with	with	ADP
cblr-1726	145	18	foreign	foreign	ADJ
cblr-1726	145	19	banks	bank	NOUN
cblr-1726	145	20	in	in	ADP
cblr-1726	145	21	countries	country	NOUN
cblr-1726	145	22	like	like	ADP
cblr-1726	145	23	the	the	DET
cblr-1726	145	24	united	united	ADJ
cblr-1726	145	25	kingdom	kingdom	PROPN
cblr-1726	145	26	.	.	PUNCT
cblr-1726	146	1	however	however	ADV
cblr-1726	146	2	,	,	PUNCT
cblr-1726	146	3	there	there	PRON
cblr-1726	146	4	are	be	VERB
cblr-1726	146	5	also	also	ADV
cblr-1726	146	6	significant	significant	ADJ
cblr-1726	146	7	eurodollar	eurodollar	ADJ
cblr-1726	146	8	markets	market	NOUN
cblr-1726	146	9	for	for	ADP
cblr-1726	146	10	commercial	commercial	ADJ
cblr-1726	146	11	paper	paper	NOUN
cblr-1726	146	12	,	,	PUNCT
cblr-1726	146	13	repo	repo	ADP
cblr-1726	146	14	agreements	agreement	NOUN
cblr-1726	146	15	,	,	PUNCT
cblr-1726	146	16	derivatives	derivative	NOUN
cblr-1726	146	17	,	,	PUNCT
cblr-1726	146	18	and	and	CCONJ
cblr-1726	146	19	trade	trade	NOUN
cblr-1726	146	20	financing	financing	NOUN
cblr-1726	146	21	across	across	ADP
cblr-1726	146	22	a	a	DET
cblr-1726	146	23	range	range	NOUN
cblr-1726	146	24	of	of	ADP
cblr-1726	146	25	different	different	ADJ
cblr-1726	146	26	countries	country	NOUN
cblr-1726	146	27	and	and	CCONJ
cblr-1726	146	28	currencies.20	currencies.20	PROPN
cblr-1726	146	29	the	the	DET
cblr-1726	146	30	most	most	ADV
cblr-1726	146	31	striking	striking	ADJ
cblr-1726	146	32	feature	feature	NOUN
cblr-1726	146	33	of	of	ADP
cblr-1726	146	34	the	the	DET
cblr-1726	146	35	eurodollar	eurodollar	PROPN
cblr-1726	146	36	market	market	NOUN
cblr-1726	146	37	is	be	AUX
cblr-1726	146	38	that	that	SCONJ
cblr-1726	146	39	it	it	PRON
cblr-1726	146	40	revolves	revolve	VERB
cblr-1726	146	41	around	around	ADP
cblr-1726	146	42	the	the	DET
cblr-1726	146	43	issuance	issuance	NOUN
cblr-1726	146	44	of	of	ADP
cblr-1726	146	45	short	short	ADJ
cblr-1726	146	46	-	-	PUNCT
cblr-1726	146	47	term	term	NOUN
cblr-1726	146	48	liabilities	liability	NOUN
cblr-1726	146	49	by	by	ADP
cblr-1726	146	50	financial	financial	ADJ
cblr-1726	146	51	institutions	institution	NOUN
cblr-1726	146	52	that	that	PRON
cblr-1726	146	53	are	be	AUX
cblr-1726	146	54	not	not	PART
cblr-1726	146	55	licensed	license	VERB
cblr-1726	146	56	or	or	CCONJ
cblr-1726	146	57	subject	subject	ADJ
cblr-1726	146	58	to	to	ADP
cblr-1726	146	59	prudential	prudential	ADJ
cblr-1726	146	60	regulatory	regulatory	ADJ
cblr-1726	146	61	oversight	oversight	NOUN
cblr-1726	146	62	in	in	ADP
cblr-1726	146	63	the	the	DET
cblr-1726	146	64	country	country	NOUN
cblr-1726	146	65	that	that	PRON
cblr-1726	146	66	issues	issue	VERB
cblr-1726	146	67	the	the	DET
cblr-1726	146	68	currency	currency	NOUN
cblr-1726	146	69	in	in	ADP
cblr-1726	146	70	which	which	PRON
cblr-1726	146	71	these	these	DET
cblr-1726	146	72	liabilities	liability	NOUN
cblr-1726	146	73	are	be	AUX
cblr-1726	146	74	denominated	denominate	VERB
cblr-1726	146	75	.	.	PUNCT
cblr-1726	147	1	most	most	ADV
cblr-1726	147	2	importantly	importantly	ADV
cblr-1726	147	3	for	for	ADP
cblr-1726	147	4	the	the	DET
cblr-1726	147	5	present	present	ADJ
cblr-1726	147	6	purposes	purpose	NOUN
cblr-1726	147	7	,	,	PUNCT
cblr-1726	147	8	these	these	DET
cblr-1726	147	9	institutions	institution	NOUN
cblr-1726	147	10	do	do	AUX
cblr-1726	147	11	not	not	PART
cblr-1726	147	12	enjoy	enjoy	VERB
cblr-1726	147	13	access	access	NOUN
cblr-1726	147	14	to	to	ADP
cblr-1726	147	15	the	the	DET
cblr-1726	147	16	emergency	emergency	NOUN
cblr-1726	147	17	liquidity	liquidity	NOUN
cblr-1726	147	18	assistance	assistance	NOUN
cblr-1726	147	19	(	(	PUNCT
cblr-1726	147	20	“	"	PUNCT
cblr-1726	147	21	ela	ela	PROPN
cblr-1726	147	22	”	"	PUNCT
cblr-1726	147	23	)	)	PUNCT
cblr-1726	147	24	facilities	facility	NOUN
cblr-1726	147	25	provided	provide	VERB
cblr-1726	147	26	by	by	ADP
cblr-1726	147	27	the	the	DET
cblr-1726	147	28	central	central	ADJ
cblr-1726	147	29	bank	bank	NOUN
cblr-1726	147	30	in	in	ADP
cblr-1726	147	31	the	the	DET
cblr-1726	147	32	country	country	NOUN
cblr-1726	147	33	that	that	PRON
cblr-1726	147	34	issues	issue	VERB
cblr-1726	147	35	19	19	NUM
cblr-1726	147	36	see	see	NOUN
cblr-1726	147	37	walter	walter	PROPN
cblr-1726	147	38	bagehot	bagehot	PROPN
cblr-1726	147	39	,	,	PUNCT
cblr-1726	147	40	lombard	lombard	PROPN
cblr-1726	147	41	street	street	NOUN
cblr-1726	147	42	:	:	PUNCT
cblr-1726	147	43	a	a	DET
cblr-1726	147	44	description	description	NOUN
cblr-1726	147	45	of	of	ADP
cblr-1726	147	46	the	the	DET
cblr-1726	147	47	money	money	NOUN
cblr-1726	147	48	market	market	NOUN
cblr-1726	147	49	33	33	NUM
cblr-1726	147	50	(	(	PUNCT
cblr-1726	147	51	reprinted	reprint	VERB
cblr-1726	147	52	1999	1999	NUM
cblr-1726	147	53	)	)	PUNCT
cblr-1726	147	54	(	(	PUNCT
cblr-1726	147	55	1873	1873	NUM
cblr-1726	147	56	)	)	PUNCT
cblr-1726	147	57	(	(	PUNCT
cblr-1726	147	58	“	"	PUNCT
cblr-1726	147	59	now	now	ADV
cblr-1726	147	60	that	that	SCONJ
cblr-1726	147	61	london	london	PROPN
cblr-1726	147	62	is	be	AUX
cblr-1726	147	63	the	the	DET
cblr-1726	147	64	clearing	clearing	NOUN
cblr-1726	147	65	-	-	PUNCT
cblr-1726	147	66	house	house	NOUN
cblr-1726	147	67	to	to	ADP
cblr-1726	147	68	foreign	foreign	ADJ
cblr-1726	147	69	countries	country	NOUN
cblr-1726	147	70	,	,	PUNCT
cblr-1726	147	71	london	london	PROPN
cblr-1726	147	72	has	have	VERB
cblr-1726	147	73	a	a	DET
cblr-1726	147	74	new	new	ADJ
cblr-1726	147	75	liability	liability	NOUN
cblr-1726	147	76	to	to	ADP
cblr-1726	147	77	foreign	foreign	ADJ
cblr-1726	147	78	countries	country	NOUN
cblr-1726	147	79	.	.	PUNCT
cblr-1726	148	1	at	at	ADP
cblr-1726	148	2	whatever	whatever	DET
cblr-1726	148	3	place	place	NOUN
cblr-1726	148	4	many	many	ADJ
cblr-1726	148	5	people	people	NOUN
cblr-1726	148	6	have	have	VERB
cblr-1726	148	7	to	to	PART
cblr-1726	148	8	make	make	VERB
cblr-1726	148	9	payments	payment	NOUN
cblr-1726	148	10	,	,	PUNCT
cblr-1726	148	11	at	at	ADP
cblr-1726	148	12	that	that	DET
cblr-1726	148	13	place	place	NOUN
cblr-1726	148	14	those	those	DET
cblr-1726	148	15	people	people	NOUN
cblr-1726	148	16	must	must	AUX
cblr-1726	148	17	keep	keep	VERB
cblr-1726	148	18	money	money	NOUN
cblr-1726	148	19	.	.	PUNCT
cblr-1726	149	1	a	a	DET
cblr-1726	149	2	large	large	ADJ
cblr-1726	149	3	deposit	deposit	NOUN
cblr-1726	149	4	of	of	ADP
cblr-1726	149	5	foreign	foreign	ADJ
cblr-1726	149	6	money	money	NOUN
cblr-1726	149	7	in	in	ADP
cblr-1726	149	8	london	london	PROPN
cblr-1726	149	9	is	be	AUX
cblr-1726	149	10	now	now	ADV
cblr-1726	149	11	necessary	necessary	ADJ
cblr-1726	149	12	for	for	ADP
cblr-1726	149	13	the	the	DET
cblr-1726	149	14	business	business	NOUN
cblr-1726	149	15	of	of	ADP
cblr-1726	149	16	the	the	DET
cblr-1726	149	17	world	world	NOUN
cblr-1726	149	18	.	.	PUNCT
cblr-1726	149	19	”	"	PUNCT
cblr-1726	149	20	)	)	PUNCT
cblr-1726	149	21	.	.	PUNCT
cblr-1726	150	1	this	this	DET
cblr-1726	150	2	nascent	nascent	ADJ
cblr-1726	150	3	eurodollar	eurodollar	PROPN
cblr-1726	150	4	market	market	NOUN
cblr-1726	150	5	differed	differ	VERB
cblr-1726	150	6	from	from	ADP
cblr-1726	150	7	its	its	PRON
cblr-1726	150	8	modern	modern	ADJ
cblr-1726	150	9	counterpart	counterpart	NOUN
cblr-1726	150	10	in	in	ADP
cblr-1726	150	11	one	one	NUM
cblr-1726	150	12	very	very	ADV
cblr-1726	150	13	important	important	ADJ
cblr-1726	150	14	respect	respect	NOUN
cblr-1726	150	15	:	:	PUNCT
cblr-1726	150	16	instead	instead	ADV
cblr-1726	150	17	of	of	ADP
cblr-1726	150	18	national	national	ADJ
cblr-1726	150	19	currencies	currency	NOUN
cblr-1726	150	20	such	such	ADJ
cblr-1726	150	21	as	as	ADP
cblr-1726	150	22	the	the	DET
cblr-1726	150	23	pound	pound	NOUN
cblr-1726	150	24	or	or	CCONJ
cblr-1726	150	25	dollar	dollar	NOUN
cblr-1726	150	26	,	,	PUNCT
cblr-1726	150	27	it	it	PRON
cblr-1726	150	28	was	be	AUX
cblr-1726	150	29	gold	gold	NOUN
cblr-1726	150	30	bullion	bullion	NOUN
cblr-1726	150	31	that	that	PRON
cblr-1726	150	32	served	serve	VERB
cblr-1726	150	33	as	as	ADP
cblr-1726	150	34	the	the	DET
cblr-1726	150	35	de	de	X
cblr-1726	150	36	facto	facto	X
cblr-1726	150	37	international	international	PROPN
cblr-1726	150	38	reserve	reserve	NOUN
cblr-1726	150	39	currency	currency	NOUN
cblr-1726	150	40	.	.	PUNCT
cblr-1726	151	1	i	i	PRON
cblr-1726	151	2	d.	d.	PROPN
cblr-1726	151	3	at	at	ADP
cblr-1726	151	4	44	44	NUM
cblr-1726	151	5	.	.	PUNCT
cblr-1726	151	6	20	20	NUM
cblr-1726	151	7	see	see	VERB
cblr-1726	151	8	infra	infra	NOUN
cblr-1726	151	9	part	part	NOUN
cblr-1726	151	10	ii	ii	NOUN
cblr-1726	151	11	for	for	ADP
cblr-1726	151	12	further	further	ADJ
cblr-1726	151	13	details	detail	NOUN
cblr-1726	151	14	of	of	ADP
cblr-1726	151	15	the	the	DET
cblr-1726	151	16	origins	origin	NOUN
cblr-1726	151	17	,	,	PUNCT
cblr-1726	151	18	basic	basic	ADJ
cblr-1726	151	19	mechanics	mechanic	NOUN
cblr-1726	151	20	,	,	PUNCT
cblr-1726	151	21	and	and	CCONJ
cblr-1726	151	22	recent	recent	ADJ
cblr-1726	151	23	growth	growth	NOUN
cblr-1726	151	24	of	of	ADP
cblr-1726	151	25	these	these	DET
cblr-1726	151	26	markets	market	NOUN
cblr-1726	151	27	.	.	PUNCT
cblr-1726	152	1	awrey	awrey	NOUN
cblr-1726	152	2	–	–	PUNCT
cblr-1726	152	3	final	final	ADJ
cblr-1726	152	4	944	944	NUM
cblr-1726	152	5	columbia	columbia	PROPN
cblr-1726	152	6	business	business	NOUN
cblr-1726	152	7	law	law	PROPN
cblr-1726	152	8	review	review	NOUN
cblr-1726	153	1	[	[	X
cblr-1726	153	2	vol	vol	NOUN
cblr-1726	153	3	.	.	NOUN
cblr-1726	153	4	2017	2017	NUM
cblr-1726	153	5	the	the	DET
cblr-1726	153	6	relevant	relevant	ADJ
cblr-1726	153	7	currency	currency	NOUN
cblr-1726	153	8	.	.	PUNCT
cblr-1726	154	1	these	these	DET
cblr-1726	154	2	ela	ela	PROPN
cblr-1726	154	3	facilities	facility	NOUN
cblr-1726	154	4	are	be	AUX
cblr-1726	154	5	an	an	DET
cblr-1726	154	6	essential	essential	ADJ
cblr-1726	154	7	tool	tool	NOUN
cblr-1726	154	8	of	of	ADP
cblr-1726	154	9	financial	financial	ADJ
cblr-1726	154	10	crisis	crisis	NOUN
cblr-1726	154	11	management	management	NOUN
cblr-1726	154	12	:	:	PUNCT
cblr-1726	154	13	providing	provide	VERB
cblr-1726	154	14	collateralized	collateralized	ADJ
cblr-1726	154	15	loans	loan	NOUN
cblr-1726	154	16	to	to	ADP
cblr-1726	154	17	solvent	solvent	NOUN
cblr-1726	154	18	but	but	CCONJ
cblr-1726	154	19	illiquid	illiquid	ADJ
cblr-1726	154	20	banks	bank	NOUN
cblr-1726	154	21	and	and	CCONJ
cblr-1726	154	22	other	other	ADJ
cblr-1726	154	23	financial	financial	ADJ
cblr-1726	154	24	institutions	institution	NOUN
cblr-1726	154	25	in	in	ADP
cblr-1726	154	26	the	the	DET
cblr-1726	154	27	event	event	NOUN
cblr-1726	154	28	that	that	SCONJ
cblr-1726	154	29	private	private	ADJ
cblr-1726	154	30	sources	source	NOUN
cblr-1726	154	31	of	of	ADP
cblr-1726	154	32	financing	financing	NOUN
cblr-1726	154	33	become	become	VERB
cblr-1726	154	34	unavailable.21	unavailable.21	ADJ
cblr-1726	154	35	these	these	DET
cblr-1726	154	36	facilities	facility	NOUN
cblr-1726	154	37	are	be	AUX
cblr-1726	154	38	thus	thus	ADV
cblr-1726	154	39	often	often	ADV
cblr-1726	154	40	and	and	CCONJ
cblr-1726	154	41	understandably	understandably	ADV
cblr-1726	154	42	viewed	view	VERB
cblr-1726	154	43	as	as	ADP
cblr-1726	154	44	the	the	DET
cblr-1726	154	45	last	last	ADJ
cblr-1726	154	46	line	line	NOUN
cblr-1726	154	47	of	of	ADP
cblr-1726	154	48	defense	defense	NOUN
cblr-1726	154	49	against	against	ADP
cblr-1726	154	50	financial	financial	ADJ
cblr-1726	154	51	panic	panic	NOUN
cblr-1726	154	52	and	and	CCONJ
cblr-1726	154	53	instability	instability	NOUN
cblr-1726	154	54	before	before	SCONJ
cblr-1726	154	55	states	state	NOUN
cblr-1726	154	56	are	be	AUX
cblr-1726	154	57	forced	force	VERB
cblr-1726	154	58	to	to	PART
cblr-1726	154	59	resort	resort	VERB
cblr-1726	154	60	to	to	ADP
cblr-1726	154	61	emergency	emergency	NOUN
cblr-1726	154	62	bailouts	bailout	NOUN
cblr-1726	154	63	.	.	PUNCT
cblr-1726	155	1	while	while	SCONJ
cblr-1726	155	2	financial	financial	ADJ
cblr-1726	155	3	institutions	institution	NOUN
cblr-1726	155	4	issuing	issue	VERB
cblr-1726	155	5	eurodollar	eurodollar	PROPN
cblr-1726	155	6	liabilities	liability	NOUN
cblr-1726	155	7	may	may	AUX
cblr-1726	155	8	have	have	VERB
cblr-1726	155	9	access	access	NOUN
cblr-1726	155	10	to	to	ADP
cblr-1726	155	11	the	the	DET
cblr-1726	155	12	ela	ela	PROPN
cblr-1726	155	13	facilities	facility	NOUN
cblr-1726	155	14	provided	provide	VERB
cblr-1726	155	15	by	by	ADP
cblr-1726	155	16	the	the	DET
cblr-1726	155	17	central	central	ADJ
cblr-1726	155	18	bank	bank	NOUN
cblr-1726	155	19	in	in	ADP
cblr-1726	155	20	their	their	PRON
cblr-1726	155	21	home	home	NOUN
cblr-1726	155	22	country	country	NOUN
cblr-1726	155	23	,	,	PUNCT
cblr-1726	155	24	there	there	PRON
cblr-1726	155	25	is	be	VERB
cblr-1726	155	26	no	no	DET
cblr-1726	155	27	guarantee	guarantee	NOUN
cblr-1726	155	28	that	that	SCONJ
cblr-1726	155	29	this	this	DET
cblr-1726	155	30	central	central	ADJ
cblr-1726	155	31	bank	bank	NOUN
cblr-1726	155	32	will	will	AUX
cblr-1726	155	33	hold	hold	VERB
cblr-1726	155	34	or	or	CCONJ
cblr-1726	155	35	have	have	VERB
cblr-1726	155	36	access	access	NOUN
cblr-1726	155	37	to	to	ADP
cblr-1726	155	38	sufficient	sufficient	ADJ
cblr-1726	155	39	reserves	reserve	NOUN
cblr-1726	155	40	of	of	ADP
cblr-1726	155	41	the	the	DET
cblr-1726	155	42	required	require	VERB
cblr-1726	155	43	foreign	foreign	ADJ
cblr-1726	155	44	currency.22	currency.22	NOUN
cblr-1726	155	45	this	this	PRON
cblr-1726	155	46	leaves	leave	VERB
cblr-1726	155	47	these	these	DET
cblr-1726	155	48	financial	financial	ADJ
cblr-1726	155	49	institutions	institution	NOUN
cblr-1726	155	50	heavily	heavily	ADV
cblr-1726	155	51	reliant	reliant	ADJ
cblr-1726	155	52	on	on	ADP
cblr-1726	155	53	private	private	ADJ
cblr-1726	155	54	markets	market	NOUN
cblr-1726	155	55	as	as	ADP
cblr-1726	155	56	a	a	DET
cblr-1726	155	57	source	source	NOUN
cblr-1726	155	58	of	of	ADP
cblr-1726	155	59	foreign	foreign	ADJ
cblr-1726	155	60	currency	currency	NOUN
cblr-1726	155	61	financing	financing	NOUN
cblr-1726	155	62	.	.	PUNCT
cblr-1726	156	1	when	when	SCONJ
cblr-1726	156	2	these	these	DET
cblr-1726	156	3	markets	market	NOUN
cblr-1726	156	4	break	break	VERB
cblr-1726	156	5	down	down	ADP
cblr-1726	156	6	,	,	PUNCT
cblr-1726	156	7	these	these	DET
cblr-1726	156	8	institutions	institution	NOUN
cblr-1726	156	9	run	run	VERB
cblr-1726	156	10	the	the	DET
cblr-1726	156	11	risk	risk	NOUN
cblr-1726	156	12	of	of	ADP
cblr-1726	156	13	finding	find	VERB
cblr-1726	156	14	themselves	themselves	PRON
cblr-1726	156	15	without	without	ADP
cblr-1726	156	16	a	a	DET
cblr-1726	156	17	port	port	NOUN
cblr-1726	156	18	in	in	ADP
cblr-1726	156	19	the	the	DET
cblr-1726	156	20	middle	middle	NOUN
cblr-1726	156	21	of	of	ADP
cblr-1726	156	22	a	a	DET
cblr-1726	156	23	dangerous	dangerous	ADJ
cblr-1726	156	24	storm	storm	NOUN
cblr-1726	156	25	.	.	PUNCT
cblr-1726	157	1	this	this	DET
cblr-1726	157	2	fault	fault	NOUN
cblr-1726	157	3	line	line	NOUN
cblr-1726	157	4	in	in	ADP
cblr-1726	157	5	the	the	DET
cblr-1726	157	6	global	global	ADJ
cblr-1726	157	7	monetary	monetary	ADJ
cblr-1726	157	8	,	,	PUNCT
cblr-1726	157	9	regulatory	regulatory	ADJ
cblr-1726	157	10	,	,	PUNCT
cblr-1726	157	11	and	and	CCONJ
cblr-1726	157	12	crisis	crisis	NOUN
cblr-1726	157	13	management	management	NOUN
cblr-1726	157	14	architecture	architecture	NOUN
cblr-1726	157	15	leaves	leave	VERB
cblr-1726	157	16	the	the	DET
cblr-1726	157	17	financial	financial	ADJ
cblr-1726	157	18	institutions	institution	NOUN
cblr-1726	157	19	that	that	PRON
cblr-1726	157	20	issue	issue	VERB
cblr-1726	157	21	eurodollar	eurodollar	ADJ
cblr-1726	157	22	liabilities	liability	NOUN
cblr-1726	157	23	particularly	particularly	ADV
cblr-1726	157	24	vulnerable	vulnerable	ADJ
cblr-1726	157	25	to	to	ADP
cblr-1726	157	26	liquidity	liquidity	NOUN
cblr-1726	157	27	shocks	shock	NOUN
cblr-1726	157	28	of	of	ADP
cblr-1726	157	29	the	the	DET
cblr-1726	157	30	variety	variety	NOUN
cblr-1726	157	31	experienced	experience	VERB
cblr-1726	157	32	during	during	ADP
cblr-1726	157	33	the	the	DET
cblr-1726	157	34	global	global	ADJ
cblr-1726	157	35	financial	financial	ADJ
cblr-1726	157	36	crisis	crisis	NOUN
cblr-1726	157	37	.	.	PUNCT
cblr-1726	158	1	indeed	indeed	ADV
cblr-1726	158	2	,	,	PUNCT
cblr-1726	158	3	one	one	NUM
cblr-1726	158	4	of	of	ADP
cblr-1726	158	5	the	the	DET
cblr-1726	158	6	most	most	ADV
cblr-1726	158	7	pernicious	pernicious	ADJ
cblr-1726	158	8	episodes	episode	NOUN
cblr-1726	158	9	of	of	ADP
cblr-1726	158	10	the	the	DET
cblr-1726	158	11	financial	financial	ADJ
cblr-1726	158	12	crisis	crisis	NOUN
cblr-1726	158	13	was	be	AUX
cblr-1726	158	14	the	the	DET
cblr-1726	158	15	international	international	ADJ
cblr-1726	158	16	u.s	u.s	PROPN
cblr-1726	158	17	.	.	PROPN
cblr-1726	158	18	dollar	dollar	NOUN
cblr-1726	158	19	liquidity	liquidity	NOUN
cblr-1726	158	20	shortage	shortage	NOUN
cblr-1726	158	21	that	that	PRON
cblr-1726	158	22	began	begin	VERB
cblr-1726	158	23	in	in	ADP
cblr-1726	158	24	december	december	PROPN
cblr-1726	158	25	2007	2007	NUM
cblr-1726	158	26	and	and	CCONJ
cblr-1726	158	27	reached	reach	VERB
cblr-1726	158	28	its	its	PRON
cblr-1726	158	29	apex	apex	NOUN
cblr-1726	158	30	in	in	ADP
cblr-1726	158	31	the	the	DET
cblr-1726	158	32	autumn	autumn	NOUN
cblr-1726	158	33	of	of	ADP
cblr-1726	158	34	2008.23	2008.23	NUM
cblr-1726	158	35	this	this	DET
cblr-1726	158	36	shortage	shortage	NOUN
cblr-1726	158	37	forced	force	VERB
cblr-1726	158	38	banks	bank	NOUN
cblr-1726	158	39	and	and	CCONJ
cblr-1726	158	40	other	other	ADJ
cblr-1726	158	41	financial	financial	ADJ
cblr-1726	158	42	institutions	institution	NOUN
cblr-1726	158	43	that	that	PRON
cblr-1726	158	44	relied	rely	VERB
cblr-1726	158	45	on	on	ADP
cblr-1726	158	46	eurodollar	eurodollar	PROPN
cblr-1726	158	47	markets	market	NOUN
cblr-1726	158	48	as	as	ADP
cblr-1726	158	49	a	a	DET
cblr-1726	158	50	21	21	NUM
cblr-1726	158	51	see	see	NOUN
cblr-1726	158	52	infra	infra	NOUN
cblr-1726	158	53	section	section	NOUN
cblr-1726	158	54	iii.a	iii.a	PROPN
cblr-1726	158	55	for	for	ADP
cblr-1726	158	56	further	further	ADJ
cblr-1726	158	57	information	information	NOUN
cblr-1726	158	58	regarding	regard	VERB
cblr-1726	158	59	the	the	DET
cblr-1726	158	60	functions	function	NOUN
cblr-1726	158	61	and	and	CCONJ
cblr-1726	158	62	institutional	institutional	ADJ
cblr-1726	158	63	characteristics	characteristic	NOUN
cblr-1726	158	64	of	of	ADP
cblr-1726	158	65	these	these	DET
cblr-1726	158	66	ela	ela	PROPN
cblr-1726	158	67	facilities	facility	NOUN
cblr-1726	158	68	.	.	PUNCT
cblr-1726	159	1	see	see	VERB
cblr-1726	159	2	also	also	ADV
cblr-1726	159	3	thomas	thomas	PROPN
cblr-1726	159	4	m.	m.	PROPN
cblr-1726	159	5	humphrey	humphrey	PROPN
cblr-1726	159	6	,	,	PUNCT
cblr-1726	159	7	lender	lender	NOUN
cblr-1726	159	8	of	of	ADP
cblr-1726	159	9	last	last	ADJ
cblr-1726	159	10	resort	resort	NOUN
cblr-1726	159	11	:	:	PUNCT
cblr-1726	159	12	the	the	DET
cblr-1726	159	13	concept	concept	NOUN
cblr-1726	159	14	in	in	ADP
cblr-1726	159	15	history	history	NOUN
cblr-1726	159	16	,	,	PUNCT
cblr-1726	159	17	fed	fed	PROPN
cblr-1726	159	18	.	.	PUNCT
cblr-1726	160	1	res	res	PROPN
cblr-1726	160	2	.	.	PUNCT
cblr-1726	161	1	bank	bank	PROPN
cblr-1726	161	2	richmond	richmond	PROPN
cblr-1726	161	3	econ	econ	PROPN
cblr-1726	161	4	.	.	PUNCT
cblr-1726	162	1	rev	rev	PROPN
cblr-1726	162	2	.	.	PROPN
cblr-1726	162	3	,	,	PUNCT
cblr-1726	162	4	mar./apr	mar./apr	PROPN
cblr-1726	162	5	.	.	PROPN
cblr-1726	162	6	1989	1989	NUM
cblr-1726	162	7	,	,	PUNCT
cblr-1726	162	8	at	at	ADP
cblr-1726	162	9	8	8	NUM
cblr-1726	162	10	,	,	PUNCT
cblr-1726	162	11	8	8	NUM
cblr-1726	162	12	.	.	X
cblr-1726	163	1	for	for	ADP
cblr-1726	163	2	a	a	DET
cblr-1726	163	3	brief	brief	ADJ
cblr-1726	163	4	history	history	NOUN
cblr-1726	163	5	of	of	ADP
cblr-1726	163	6	the	the	DET
cblr-1726	163	7	development	development	NOUN
cblr-1726	163	8	of	of	ADP
cblr-1726	163	9	these	these	DET
cblr-1726	163	10	facilities	facility	NOUN
cblr-1726	163	11	,	,	PUNCT
cblr-1726	163	12	see	see	VERB
cblr-1726	163	13	lastra	lastra	PROPN
cblr-1726	163	14	,	,	PUNCT
cblr-1726	163	15	supra	supra	PROPN
cblr-1726	163	16	note	note	PROPN
cblr-1726	163	17	7	7	NUM
cblr-1726	163	18	,	,	PUNCT
cblr-1726	163	19	at	at	ADP
cblr-1726	163	20	150–60	150–60	PROPN
cblr-1726	163	21	;	;	PUNCT
cblr-1726	163	22	mark	mark	PROPN
cblr-1726	163	23	a.	a.	PROPN
cblr-1726	163	24	carlson	carlson	PROPN
cblr-1726	163	25	&	&	CCONJ
cblr-1726	163	26	david	david	PROPN
cblr-1726	163	27	c.	c.	PROPN
cblr-1726	163	28	wheelock	wheelock	PROPN
cblr-1726	163	29	,	,	PUNCT
cblr-1726	163	30	the	the	DET
cblr-1726	163	31	lender	lender	NOUN
cblr-1726	163	32	of	of	ADP
cblr-1726	163	33	last	last	ADJ
cblr-1726	163	34	resort	resort	NOUN
cblr-1726	163	35	:	:	PUNCT
cblr-1726	163	36	lessons	lesson	NOUN
cblr-1726	163	37	from	from	ADP
cblr-1726	163	38	the	the	DET
cblr-1726	163	39	fed	fed	PROPN
cblr-1726	163	40	’s	’s	PART
cblr-1726	163	41	first	first	ADJ
cblr-1726	163	42	100	100	NUM
cblr-1726	163	43	years	year	NOUN
cblr-1726	163	44	(	(	PUNCT
cblr-1726	163	45	fed	fed	PROPN
cblr-1726	163	46	.	.	PUNCT
cblr-1726	164	1	res	re	NOUN
cblr-1726	164	2	.	.	PUNCT
cblr-1726	164	3	bank	bank	PROPN
cblr-1726	164	4	of	of	ADP
cblr-1726	164	5	st	st	PROPN
cblr-1726	164	6	.	.	PROPN
cblr-1726	164	7	louis	louis	PROPN
cblr-1726	164	8	,	,	PUNCT
cblr-1726	164	9	working	working	NOUN
cblr-1726	164	10	paper	paper	NOUN
cblr-1726	164	11	no	no	NOUN
cblr-1726	164	12	.	.	NOUN
cblr-1726	164	13	2012	2012	NUM
cblr-1726	164	14	-	-	PUNCT
cblr-1726	164	15	056b	056b	NOUN
cblr-1726	164	16	,	,	PUNCT
cblr-1726	164	17	2013	2013	NUM
cblr-1726	164	18	)	)	PUNCT
cblr-1726	164	19	.	.	PUNCT
cblr-1726	165	1	22	22	NUM
cblr-1726	165	2	indeed	indeed	ADV
cblr-1726	165	3	,	,	PUNCT
cblr-1726	165	4	as	as	ADP
cblr-1726	165	5	described	describe	VERB
cblr-1726	165	6	infra	infra	NOUN
cblr-1726	165	7	section	section	NOUN
cblr-1726	165	8	iii.b	iii.b	PROPN
cblr-1726	165	9	,	,	PUNCT
cblr-1726	165	10	central	central	ADJ
cblr-1726	165	11	banks	bank	NOUN
cblr-1726	165	12	may	may	AUX
cblr-1726	165	13	incur	incur	VERB
cblr-1726	165	14	significant	significant	ADJ
cblr-1726	165	15	costs	cost	NOUN
cblr-1726	165	16	in	in	ADP
cblr-1726	165	17	holding	hold	VERB
cblr-1726	165	18	these	these	DET
cblr-1726	165	19	foreign	foreign	ADJ
cblr-1726	165	20	currency	currency	NOUN
cblr-1726	165	21	reserves	reserve	NOUN
cblr-1726	165	22	.	.	PUNCT
cblr-1726	166	1	they	they	PRON
cblr-1726	166	2	may	may	AUX
cblr-1726	166	3	also	also	ADV
cblr-1726	166	4	be	be	AUX
cblr-1726	166	5	unable	unable	ADJ
cblr-1726	166	6	to	to	PART
cblr-1726	166	7	acquire	acquire	VERB
cblr-1726	166	8	sufficient	sufficient	ADJ
cblr-1726	166	9	quantities	quantity	NOUN
cblr-1726	166	10	of	of	ADP
cblr-1726	166	11	foreign	foreign	ADJ
cblr-1726	166	12	currency	currency	NOUN
cblr-1726	166	13	on	on	ADP
cblr-1726	166	14	the	the	DET
cblr-1726	166	15	open	open	ADJ
cblr-1726	166	16	market	market	NOUN
cblr-1726	166	17	during	during	ADP
cblr-1726	166	18	periods	period	NOUN
cblr-1726	166	19	of	of	ADP
cblr-1726	166	20	widespread	widespread	ADJ
cblr-1726	166	21	market	market	NOUN
cblr-1726	166	22	disruption	disruption	NOUN
cblr-1726	166	23	.	.	PUNCT
cblr-1726	167	1	23	23	NUM
cblr-1726	167	2	see	see	VERB
cblr-1726	167	3	infra	infra	NOUN
cblr-1726	167	4	part	part	NOUN
cblr-1726	167	5	iv	iv	X
cblr-1726	167	6	for	for	ADP
cblr-1726	167	7	a	a	DET
cblr-1726	167	8	more	more	ADV
cblr-1726	167	9	detailed	detailed	ADJ
cblr-1726	167	10	description	description	NOUN
cblr-1726	167	11	of	of	ADP
cblr-1726	167	12	the	the	DET
cblr-1726	167	13	u.s	u.s	PROPN
cblr-1726	167	14	.	.	PROPN
cblr-1726	167	15	dollar	dollar	NOUN
cblr-1726	167	16	liquidity	liquidity	NOUN
cblr-1726	167	17	shortage	shortage	NOUN
cblr-1726	167	18	during	during	ADP
cblr-1726	167	19	the	the	DET
cblr-1726	167	20	financial	financial	ADJ
cblr-1726	167	21	crisis	crisis	NOUN
cblr-1726	167	22	.	.	PUNCT
cblr-1726	168	1	awrey	awrey	PROPN
cblr-1726	168	2	–	–	PUNCT
cblr-1726	168	3	final	final	ADJ
cblr-1726	168	4	no	no	NOUN
cblr-1726	168	5	.	.	PUNCT
cblr-1726	169	1	3:934	3:934	X
cblr-1726	169	2	]	]	X
cblr-1726	169	3	foreign	foreign	ADJ
cblr-1726	169	4	currency	currency	NOUN
cblr-1726	169	5	liquidity	liquidity	NOUN
cblr-1726	169	6	assistance	assistance	NOUN
cblr-1726	169	7	945	945	NUM
cblr-1726	169	8	source	source	NOUN
cblr-1726	169	9	of	of	ADP
cblr-1726	169	10	financing	financing	NOUN
cblr-1726	169	11	to	to	PART
cblr-1726	169	12	either	either	CCONJ
cblr-1726	169	13	cut	cut	VERB
cblr-1726	169	14	back	back	ADP
cblr-1726	169	15	on	on	ADP
cblr-1726	169	16	their	their	PRON
cblr-1726	169	17	u.s	u.s	PROPN
cblr-1726	169	18	.	.	PROPN
cblr-1726	169	19	dollar	dollar	NOUN
cblr-1726	169	20	lending	lending	NOUN
cblr-1726	169	21	activities	activity	NOUN
cblr-1726	169	22	or	or	CCONJ
cblr-1726	169	23	sell	sell	VERB
cblr-1726	169	24	dollar	dollar	NOUN
cblr-1726	169	25	denominated	denominate	VERB
cblr-1726	169	26	assets	asset	NOUN
cblr-1726	169	27	.	.	PUNCT
cblr-1726	170	1	the	the	DET
cblr-1726	170	2	shortage	shortage	NOUN
cblr-1726	170	3	thus	thus	ADV
cblr-1726	170	4	contributed	contribute	VERB
cblr-1726	170	5	to	to	ADP
cblr-1726	170	6	the	the	DET
cblr-1726	170	7	broader	broad	ADJ
cblr-1726	170	8	contraction	contraction	NOUN
cblr-1726	170	9	of	of	ADP
cblr-1726	170	10	lending	lending	NOUN
cblr-1726	170	11	and	and	CCONJ
cblr-1726	170	12	fire	fire	NOUN
cblr-1726	170	13	sale	sale	NOUN
cblr-1726	170	14	dynamics	dynamic	NOUN
cblr-1726	170	15	that	that	PRON
cblr-1726	170	16	fanned	fan	VERB
cblr-1726	170	17	the	the	DET
cblr-1726	170	18	flames	flame	NOUN
cblr-1726	170	19	of	of	ADP
cblr-1726	170	20	the	the	DET
cblr-1726	170	21	crisis.24	crisis.24	NOUN
cblr-1726	170	22	ultimately	ultimately	ADV
cblr-1726	170	23	,	,	PUNCT
cblr-1726	170	24	it	it	PRON
cblr-1726	170	25	was	be	AUX
cblr-1726	170	26	the	the	DET
cblr-1726	170	27	desire	desire	NOUN
cblr-1726	170	28	to	to	PART
cblr-1726	170	29	extinguish	extinguish	VERB
cblr-1726	170	30	these	these	DET
cblr-1726	170	31	flames	flame	NOUN
cblr-1726	170	32	that	that	PRON
cblr-1726	170	33	motivated	motivate	VERB
cblr-1726	170	34	the	the	DET
cblr-1726	170	35	federal	federal	PROPN
cblr-1726	170	36	reserve	reserve	PROPN
cblr-1726	170	37	and	and	CCONJ
cblr-1726	170	38	other	other	ADJ
cblr-1726	170	39	central	central	ADJ
cblr-1726	170	40	banks	bank	NOUN
cblr-1726	170	41	to	to	PART
cblr-1726	170	42	provide	provide	VERB
cblr-1726	170	43	such	such	ADJ
cblr-1726	170	44	extraordinary	extraordinary	ADJ
cblr-1726	170	45	support	support	NOUN
cblr-1726	170	46	to	to	ADP
cblr-1726	170	47	foreign	foreign	ADJ
cblr-1726	170	48	financial	financial	ADJ
cblr-1726	170	49	institutions	institution	NOUN
cblr-1726	170	50	.	.	PUNCT
cblr-1726	171	1	this	this	DET
cblr-1726	171	2	article	article	NOUN
cblr-1726	171	3	examines	examine	VERB
cblr-1726	171	4	the	the	DET
cblr-1726	171	5	two	two	NUM
cblr-1726	171	6	deeply	deeply	ADV
cblr-1726	171	7	intertwined	intertwine	VERB
cblr-1726	171	8	policy	policy	NOUN
cblr-1726	171	9	challenges	challenge	NOUN
cblr-1726	171	10	arising	arise	VERB
cblr-1726	171	11	from	from	ADP
cblr-1726	171	12	the	the	DET
cblr-1726	171	13	widespread	widespread	ADJ
cblr-1726	171	14	issuance	issuance	NOUN
cblr-1726	171	15	of	of	ADP
cblr-1726	171	16	eurodollar	eurodollar	PROPN
cblr-1726	171	17	liabilities	liability	NOUN
cblr-1726	171	18	by	by	ADP
cblr-1726	171	19	banks	bank	NOUN
cblr-1726	171	20	and	and	CCONJ
cblr-1726	171	21	other	other	ADJ
cblr-1726	171	22	financial	financial	ADJ
cblr-1726	171	23	institutions	institution	NOUN
cblr-1726	171	24	.	.	PUNCT
cblr-1726	172	1	the	the	DET
cblr-1726	172	2	first	first	ADJ
cblr-1726	172	3	challenge	challenge	NOUN
cblr-1726	172	4	stems	stem	VERB
cblr-1726	172	5	from	from	ADP
cblr-1726	172	6	the	the	DET
cblr-1726	172	7	prospect	prospect	NOUN
cblr-1726	172	8	of	of	ADP
cblr-1726	172	9	destabilizing	destabilize	VERB
cblr-1726	172	10	cross	cross	ADJ
cblr-1726	172	11	-	-	ADJ
cblr-1726	172	12	border	border	ADJ
cblr-1726	172	13	capital	capital	NOUN
cblr-1726	172	14	flows	flow	NOUN
cblr-1726	172	15	as	as	ADP
cblr-1726	172	16	foreign	foreign	ADJ
cblr-1726	172	17	currency	currency	NOUN
cblr-1726	172	18	liquidity	liquidity	NOUN
cblr-1726	172	19	is	be	AUX
cblr-1726	172	20	withdrawn	withdraw	VERB
cblr-1726	172	21	from	from	ADP
cblr-1726	172	22	the	the	DET
cblr-1726	172	23	international	international	ADJ
cblr-1726	172	24	financial	financial	ADJ
cblr-1726	172	25	system	system	NOUN
cblr-1726	172	26	during	during	ADP
cblr-1726	172	27	periods	period	NOUN
cblr-1726	172	28	of	of	ADP
cblr-1726	172	29	widespread	widespread	ADJ
cblr-1726	172	30	financial	financial	ADJ
cblr-1726	172	31	instability	instability	NOUN
cblr-1726	172	32	.	.	PUNCT
cblr-1726	173	1	the	the	DET
cblr-1726	173	2	second	second	ADJ
cblr-1726	173	3	challenge	challenge	NOUN
cblr-1726	173	4	stems	stem	VERB
cblr-1726	173	5	from	from	ADP
cblr-1726	173	6	the	the	DET
cblr-1726	173	7	significant	significant	ADJ
cblr-1726	173	8	practical	practical	ADJ
cblr-1726	173	9	constraints	constraint	NOUN
cblr-1726	173	10	on	on	ADP
cblr-1726	173	11	the	the	DET
cblr-1726	173	12	ability	ability	NOUN
cblr-1726	173	13	of	of	ADP
cblr-1726	173	14	central	central	ADJ
cblr-1726	173	15	banks	bank	NOUN
cblr-1726	173	16	to	to	PART
cblr-1726	173	17	respond	respond	VERB
cblr-1726	173	18	to	to	ADP
cblr-1726	173	19	this	this	DET
cblr-1726	173	20	withdrawal	withdrawal	NOUN
cblr-1726	173	21	of	of	ADP
cblr-1726	173	22	liquidity	liquidity	NOUN
cblr-1726	173	23	by	by	ADP
cblr-1726	173	24	providing	provide	VERB
cblr-1726	173	25	financial	financial	ADJ
cblr-1726	173	26	institutions	institution	NOUN
cblr-1726	173	27	with	with	ADP
cblr-1726	173	28	ela	ela	PROPN
cblr-1726	173	29	denominated	denominate	VERB
cblr-1726	173	30	in	in	ADP
cblr-1726	173	31	the	the	DET
cblr-1726	173	32	required	require	VERB
cblr-1726	173	33	foreign	foreign	ADJ
cblr-1726	173	34	currency.25	currency.25	NOUN
cblr-1726	173	35	as	as	SCONJ
cblr-1726	173	36	this	this	DET
cblr-1726	173	37	article	article	NOUN
cblr-1726	173	38	will	will	AUX
cblr-1726	173	39	show	show	VERB
cblr-1726	173	40	,	,	PUNCT
cblr-1726	173	41	these	these	DET
cblr-1726	173	42	24	24	NUM
cblr-1726	173	43	for	for	ADP
cblr-1726	173	44	a	a	DET
cblr-1726	173	45	more	more	ADV
cblr-1726	173	46	detailed	detailed	ADJ
cblr-1726	173	47	description	description	NOUN
cblr-1726	173	48	of	of	ADP
cblr-1726	173	49	these	these	DET
cblr-1726	173	50	fire	fire	NOUN
cblr-1726	173	51	sale	sale	NOUN
cblr-1726	173	52	dynamics	dynamic	NOUN
cblr-1726	173	53	and	and	CCONJ
cblr-1726	173	54	how	how	SCONJ
cblr-1726	173	55	they	they	PRON
cblr-1726	173	56	played	play	VERB
cblr-1726	173	57	out	out	ADP
cblr-1726	173	58	during	during	ADP
cblr-1726	173	59	the	the	DET
cblr-1726	173	60	financial	financial	ADJ
cblr-1726	173	61	crisis	crisis	NOUN
cblr-1726	173	62	,	,	PUNCT
cblr-1726	173	63	see	see	VERB
cblr-1726	173	64	markus	markus	PROPN
cblr-1726	173	65	k.	k.	PROPN
cblr-1726	173	66	brunnermeier	brunnermeier	PROPN
cblr-1726	173	67	,	,	PUNCT
cblr-1726	173	68	deciphering	decipher	VERB
cblr-1726	173	69	the	the	DET
cblr-1726	173	70	liquidity	liquidity	NOUN
cblr-1726	173	71	and	and	CCONJ
cblr-1726	173	72	credit	credit	NOUN
cblr-1726	173	73	crunch	crunch	PROPN
cblr-1726	173	74	2007–2008	2007–2008	NUM
cblr-1726	173	75	,	,	PUNCT
cblr-1726	173	76	23	23	NUM
cblr-1726	173	77	j.	j.	PROPN
cblr-1726	173	78	econ	econ	PROPN
cblr-1726	173	79	.	.	PUNCT
cblr-1726	174	1	perspectives	perspective	NOUN
cblr-1726	174	2	77	77	NUM
cblr-1726	174	3	(	(	PUNCT
cblr-1726	174	4	2009	2009	NUM
cblr-1726	174	5	)	)	PUNCT
cblr-1726	174	6	.	.	PUNCT
cblr-1726	175	1	25	25	NUM
cblr-1726	175	2	while	while	SCONJ
cblr-1726	175	3	not	not	PART
cblr-1726	175	4	widely	widely	ADV
cblr-1726	175	5	acknowledged	acknowledge	VERB
cblr-1726	175	6	or	or	CCONJ
cblr-1726	175	7	studied	study	VERB
cblr-1726	175	8	in	in	ADP
cblr-1726	175	9	the	the	DET
cblr-1726	175	10	academic	academic	ADJ
cblr-1726	175	11	literature	literature	NOUN
cblr-1726	175	12	,	,	PUNCT
cblr-1726	175	13	at	at	ADP
cblr-1726	175	14	least	least	ADJ
cblr-1726	175	15	four	four	NUM
cblr-1726	175	16	scholars	scholar	NOUN
cblr-1726	175	17	have	have	AUX
cblr-1726	175	18	previously	previously	ADV
cblr-1726	175	19	identified	identify	VERB
cblr-1726	175	20	aspects	aspect	NOUN
cblr-1726	175	21	of	of	ADP
cblr-1726	175	22	this	this	DET
cblr-1726	175	23	problem	problem	NOUN
cblr-1726	175	24	.	.	PUNCT
cblr-1726	176	1	see	see	VERB
cblr-1726	176	2	lastra	lastra	PROPN
cblr-1726	176	3	,	,	PUNCT
cblr-1726	176	4	supra	supra	PROPN
cblr-1726	176	5	note	note	PROPN
cblr-1726	176	6	7	7	NUM
cblr-1726	176	7	,	,	PUNCT
cblr-1726	176	8	at	at	ADP
cblr-1726	176	9	25	25	NUM
cblr-1726	176	10	(	(	PUNCT
cblr-1726	176	11	“	"	PUNCT
cblr-1726	176	12	the	the	DET
cblr-1726	176	13	growth	growth	NOUN
cblr-1726	176	14	in	in	ADP
cblr-1726	176	15	eurocurrency	eurocurrency	NOUN
cblr-1726	176	16	markets	market	NOUN
cblr-1726	176	17	entails	entail	VERB
cblr-1726	176	18	a	a	DET
cblr-1726	176	19	partial	partial	ADJ
cblr-1726	176	20	loss	loss	NOUN
cblr-1726	176	21	of	of	ADP
cblr-1726	176	22	monetary	monetary	ADJ
cblr-1726	176	23	sovereignty	sovereignty	NOUN
cblr-1726	176	24	.	.	PUNCT
cblr-1726	176	25	”	"	PUNCT
cblr-1726	176	26	)	)	PUNCT
cblr-1726	176	27	(	(	PUNCT
cblr-1726	176	28	footnote	footnote	VERB
cblr-1726	176	29	omitted	omit	VERB
cblr-1726	176	30	)	)	PUNCT
cblr-1726	176	31	;	;	PUNCT
cblr-1726	176	32	tullio	tullio	VERB
cblr-1726	176	33	treves	treve	NOUN
cblr-1726	176	34	,	,	PUNCT
cblr-1726	176	35	monetary	monetary	ADJ
cblr-1726	176	36	sovereignty	sovereignty	NOUN
cblr-1726	176	37	today	today	NOUN
cblr-1726	176	38	,	,	PUNCT
cblr-1726	176	39	in	in	ADP
cblr-1726	176	40	international	international	ADJ
cblr-1726	176	41	monetary	monetary	ADJ
cblr-1726	176	42	law	law	NOUN
cblr-1726	176	43	:	:	PUNCT
cblr-1726	177	1	issues	issue	NOUN
cblr-1726	177	2	for	for	ADP
cblr-1726	177	3	the	the	DET
cblr-1726	177	4	new	new	ADJ
cblr-1726	177	5	millennium	millennium	NOUN
cblr-1726	177	6	117	117	NUM
cblr-1726	177	7	(	(	PUNCT
cblr-1726	177	8	mario	mario	PROPN
cblr-1726	177	9	giovanoli	giovanoli	PROPN
cblr-1726	177	10	ed	ed	PROPN
cblr-1726	177	11	.	.	PROPN
cblr-1726	177	12	,	,	PUNCT
cblr-1726	177	13	2000	2000	NUM
cblr-1726	177	14	)	)	PUNCT
cblr-1726	177	15	(	(	PUNCT
cblr-1726	177	16	“	"	PUNCT
cblr-1726	177	17	the	the	DET
cblr-1726	177	18	lack	lack	NOUN
cblr-1726	177	19	of	of	ADP
cblr-1726	177	20	the	the	DET
cblr-1726	177	21	state	state	NOUN
cblr-1726	177	22	of	of	ADP
cblr-1726	177	23	the	the	DET
cblr-1726	177	24	currency	currency	NOUN
cblr-1726	177	25	’s	’s	PART
cblr-1726	177	26	coercive	coercive	ADJ
cblr-1726	177	27	power	power	NOUN
cblr-1726	177	28	[	[	X
cblr-1726	177	29	over	over	ADP
cblr-1726	177	30	eurodollar	eurodollar	PROPN
cblr-1726	177	31	markets	market	NOUN
cblr-1726	177	32	]	]	PUNCT
cblr-1726	177	33	.	.	PUNCT
cblr-1726	177	34	.	.	PUNCT
cblr-1726	178	1	.	.	PUNCT
cblr-1726	178	2	means	mean	VERB
cblr-1726	178	3	that	that	SCONJ
cblr-1726	178	4	such	such	DET
cblr-1726	178	5	a	a	DET
cblr-1726	178	6	state	state	NOUN
cblr-1726	178	7	does	do	AUX
cblr-1726	178	8	not	not	PART
cblr-1726	178	9	have	have	VERB
cblr-1726	178	10	the	the	DET
cblr-1726	178	11	power	power	NOUN
cblr-1726	178	12	effectively	effectively	ADV
cblr-1726	178	13	to	to	PART
cblr-1726	178	14	regulate	regulate	VERB
cblr-1726	178	15	credit	credit	NOUN
cblr-1726	178	16	in	in	ADP
cblr-1726	178	17	its	its	PRON
cblr-1726	178	18	currency	currency	NOUN
cblr-1726	178	19	.	.	PUNCT
cblr-1726	178	20	.	.	PUNCT
cblr-1726	178	21	.	.	PUNCT
cblr-1726	179	1	.	.	PUNCT
cblr-1726	179	2	”	"	PUNCT
cblr-1726	180	1	)	)	PUNCT
cblr-1726	180	2	;	;	PUNCT
cblr-1726	181	1	milton	milton	PROPN
cblr-1726	181	2	friedman	friedman	PROPN
cblr-1726	181	3	,	,	PUNCT
cblr-1726	181	4	the	the	DET
cblr-1726	181	5	euro	euro	ADJ
cblr-1726	181	6	-	-	PUNCT
cblr-1726	181	7	dollar	dollar	NOUN
cblr-1726	181	8	market	market	NOUN
cblr-1726	181	9	:	:	PUNCT
cblr-1726	181	10	some	some	DET
cblr-1726	181	11	first	first	ADJ
cblr-1726	181	12	principles	principle	NOUN
cblr-1726	181	13	,	,	PUNCT
cblr-1726	181	14	fed	fed	PROPN
cblr-1726	181	15	.	.	PUNCT
cblr-1726	182	1	res	res	PROPN
cblr-1726	182	2	.	.	PUNCT
cblr-1726	182	3	bank	bank	PROPN
cblr-1726	182	4	of	of	ADP
cblr-1726	182	5	st	st	PROPN
cblr-1726	182	6	.	.	PROPN
cblr-1726	182	7	louis	louis	PROPN
cblr-1726	182	8	r.	r.	PROPN
cblr-1726	182	9	,	,	PUNCT
cblr-1726	182	10	july	july	PROPN
cblr-1726	182	11	1971	1971	NUM
cblr-1726	182	12	,	,	PUNCT
cblr-1726	182	13	at	at	ADP
cblr-1726	182	14	16	16	NUM
cblr-1726	182	15	,	,	PUNCT
cblr-1726	182	16	17	17	NUM
cblr-1726	182	17	(	(	PUNCT
cblr-1726	182	18	“	"	PUNCT
cblr-1726	182	19	the	the	DET
cblr-1726	182	20	location	location	NOUN
cblr-1726	182	21	of	of	ADP
cblr-1726	182	22	the	the	DET
cblr-1726	182	23	banks	bank	NOUN
cblr-1726	183	1	[	[	PUNCT
cblr-1726	183	2	that	that	DET
cblr-1726	183	3	issue	issue	VERB
cblr-1726	183	4	eurodollar	eurodollar	ADJ
cblr-1726	183	5	liabilities	liability	NOUN
cblr-1726	183	6	]	]	PUNCT
cblr-1726	183	7	is	be	AUX
cblr-1726	183	8	important	important	ADJ
cblr-1726	183	9	primarily	primarily	ADV
cblr-1726	183	10	because	because	SCONJ
cblr-1726	183	11	it	it	PRON
cblr-1726	183	12	affects	affect	VERB
cblr-1726	183	13	the	the	DET
cblr-1726	183	14	regulations	regulation	NOUN
cblr-1726	183	15	under	under	ADP
cblr-1726	183	16	which	which	PRON
cblr-1726	183	17	the	the	DET
cblr-1726	183	18	banks	bank	NOUN
cblr-1726	183	19	operate	operate	VERB
cblr-1726	183	20	and	and	CCONJ
cblr-1726	183	21	hence	hence	ADV
cblr-1726	183	22	the	the	DET
cblr-1726	183	23	way	way	NOUN
cblr-1726	183	24	that	that	PRON
cblr-1726	183	25	they	they	PRON
cblr-1726	183	26	can	can	AUX
cblr-1726	183	27	do	do	VERB
cblr-1726	183	28	business	business	NOUN
cblr-1726	183	29	.	.	PUNCT
cblr-1726	183	30	”	"	PUNCT
cblr-1726	183	31	)	)	PUNCT
cblr-1726	183	32	;	;	PUNCT
cblr-1726	183	33	edward	edward	PROPN
cblr-1726	183	34	j.	j.	PROPN
cblr-1726	183	35	frydl	frydl	PROPN
cblr-1726	183	36	,	,	PUNCT
cblr-1726	183	37	the	the	DET
cblr-1726	183	38	eurodollar	eurodollar	PROPN
cblr-1726	183	39	conundrum	conundrum	PROPN
cblr-1726	183	40	,	,	PUNCT
cblr-1726	183	41	fed	fed	PROPN
cblr-1726	183	42	.	.	PUNCT
cblr-1726	184	1	res	res	PROPN
cblr-1726	184	2	.	.	PUNCT
cblr-1726	184	3	bank	bank	PROPN
cblr-1726	184	4	of	of	ADP
cblr-1726	184	5	n.y	n.y	PROPN
cblr-1726	184	6	.	.	PROPN
cblr-1726	184	7	q.	q.	PROPN
cblr-1726	184	8	rev	rev	PROPN
cblr-1726	184	9	.	.	PROPN
cblr-1726	184	10	,	,	PUNCT
cblr-1726	184	11	spring	spring	NOUN
cblr-1726	184	12	1982	1982	NUM
cblr-1726	184	13	,	,	PUNCT
cblr-1726	184	14	at	at	ADP
cblr-1726	184	15	11	11	NUM
cblr-1726	184	16	(	(	PUNCT
cblr-1726	184	17	“	"	PUNCT
cblr-1726	184	18	.	.	PUNCT
cblr-1726	184	19	.	.	PUNCT
cblr-1726	184	20	.	.	PUNCT
cblr-1726	185	1	the	the	DET
cblr-1726	185	2	euromarket	euromarket	NOUN
cblr-1726	185	3	could	could	AUX
cblr-1726	185	4	in	in	ADP
cblr-1726	185	5	the	the	DET
cblr-1726	185	6	future	future	NOUN
cblr-1726	185	7	become	become	VERB
cblr-1726	185	8	an	an	DET
cblr-1726	185	9	important	important	ADJ
cblr-1726	185	10	snag	snag	NOUN
cblr-1726	185	11	in	in	ADP
cblr-1726	185	12	monetary	monetary	ADJ
cblr-1726	185	13	control	control	NOUN
cblr-1726	185	14	.	.	PUNCT
cblr-1726	185	15	.	.	PUNCT
cblr-1726	185	16	.	.	PUNCT
cblr-1726	185	17	”	"	PUNCT
cblr-1726	185	18	)	)	PUNCT
cblr-1726	185	19	.	.	PUNCT
cblr-1726	186	1	however	however	ADV
cblr-1726	186	2	,	,	PUNCT
cblr-1726	186	3	as	as	SCONJ
cblr-1726	186	4	this	this	DET
cblr-1726	186	5	article	article	NOUN
cblr-1726	186	6	will	will	AUX
cblr-1726	186	7	show	show	VERB
cblr-1726	186	8	,	,	PUNCT
cblr-1726	186	9	even	even	ADV
cblr-1726	186	10	these	these	DET
cblr-1726	186	11	prescient	prescient	NOUN
cblr-1726	186	12	scholars	scholar	NOUN
cblr-1726	186	13	failed	fail	VERB
cblr-1726	186	14	to	to	PART
cblr-1726	186	15	foresee	foresee	VERB
cblr-1726	186	16	the	the	DET
cblr-1726	186	17	challenges	challenge	NOUN
cblr-1726	186	18	posed	pose	VERB
cblr-1726	186	19	by	by	ADP
cblr-1726	186	20	a	a	DET
cblr-1726	186	21	large	large	ADJ
cblr-1726	186	22	eurodollar	eurodollar	NOUN
cblr-1726	186	23	market	market	NOUN
cblr-1726	186	24	in	in	ADP
cblr-1726	186	25	terms	term	NOUN
cblr-1726	186	26	of	of	ADP
cblr-1726	186	27	effective	effective	ADJ
cblr-1726	186	28	financial	financial	ADJ
cblr-1726	186	29	crisis	crisis	NOUN
cblr-1726	186	30	management	management	NOUN
cblr-1726	186	31	.	.	PUNCT
cblr-1726	187	1	awrey	awrey	PROPN
cblr-1726	187	2	–	–	PUNCT
cblr-1726	187	3	final	final	ADJ
cblr-1726	187	4	946	946	NUM
cblr-1726	187	5	columbia	columbia	PROPN
cblr-1726	187	6	business	business	NOUN
cblr-1726	187	7	law	law	PROPN
cblr-1726	187	8	review	review	NOUN
cblr-1726	188	1	[	[	X
cblr-1726	188	2	vol	vol	NOUN
cblr-1726	188	3	.	.	NOUN
cblr-1726	189	1	2017	2017	NUM
cblr-1726	189	2	challenges	challenge	NOUN
cblr-1726	189	3	generate	generate	VERB
cblr-1726	189	4	enormous	enormous	ADJ
cblr-1726	189	5	risks	risk	NOUN
cblr-1726	189	6	for	for	ADP
cblr-1726	189	7	the	the	DET
cblr-1726	189	8	financial	financial	ADJ
cblr-1726	189	9	institutions	institution	NOUN
cblr-1726	189	10	that	that	PRON
cblr-1726	189	11	issue	issue	VERB
cblr-1726	189	12	eurodollar	eurodollar	ADJ
cblr-1726	189	13	liabilities	liability	NOUN
cblr-1726	189	14	,	,	PUNCT
cblr-1726	189	15	for	for	ADP
cblr-1726	189	16	the	the	DET
cblr-1726	189	17	countries	country	NOUN
cblr-1726	189	18	in	in	ADP
cblr-1726	189	19	which	which	PRON
cblr-1726	189	20	these	these	DET
cblr-1726	189	21	institutions	institution	NOUN
cblr-1726	189	22	are	be	AUX
cblr-1726	189	23	incorporated	incorporate	VERB
cblr-1726	189	24	and	and	CCONJ
cblr-1726	189	25	licensed	license	VERB
cblr-1726	189	26	and	and	CCONJ
cblr-1726	189	27	carry	carry	VERB
cblr-1726	189	28	on	on	ADP
cblr-1726	189	29	business	business	NOUN
cblr-1726	189	30	,	,	PUNCT
cblr-1726	189	31	and	and	CCONJ
cblr-1726	189	32	,	,	PUNCT
cblr-1726	189	33	ultimately	ultimately	ADV
cblr-1726	189	34	,	,	PUNCT
cblr-1726	189	35	for	for	ADP
cblr-1726	189	36	global	global	ADJ
cblr-1726	189	37	financial	financial	ADJ
cblr-1726	189	38	stability	stability	NOUN
cblr-1726	189	39	.	.	PUNCT
cblr-1726	190	1	having	having	AUX
cblr-1726	190	2	framed	frame	VERB
cblr-1726	190	3	these	these	DET
cblr-1726	190	4	important	important	ADJ
cblr-1726	190	5	challenges	challenge	NOUN
cblr-1726	190	6	,	,	PUNCT
cblr-1726	190	7	this	this	DET
cblr-1726	190	8	article	article	NOUN
cblr-1726	190	9	goes	go	VERB
cblr-1726	190	10	on	on	ADP
cblr-1726	190	11	to	to	PART
cblr-1726	190	12	examine	examine	VERB
cblr-1726	190	13	a	a	DET
cblr-1726	190	14	range	range	NOUN
cblr-1726	190	15	of	of	ADP
cblr-1726	190	16	policy	policy	NOUN
cblr-1726	190	17	alternatives	alternative	NOUN
cblr-1726	190	18	that	that	PRON
cblr-1726	190	19	might	might	AUX
cblr-1726	190	20	be	be	AUX
cblr-1726	190	21	used	use	VERB
cblr-1726	190	22	to	to	PART
cblr-1726	190	23	address	address	VERB
cblr-1726	190	24	them	they	PRON
cblr-1726	190	25	.	.	PUNCT
cblr-1726	191	1	at	at	ADP
cblr-1726	191	2	one	one	NUM
cblr-1726	191	3	end	end	NOUN
cblr-1726	191	4	of	of	ADP
cblr-1726	191	5	the	the	DET
cblr-1726	191	6	spectrum	spectrum	NOUN
cblr-1726	191	7	is	be	AUX
cblr-1726	191	8	a	a	DET
cblr-1726	191	9	blanket	blanket	NOUN
cblr-1726	191	10	prohibition	prohibition	NOUN
cblr-1726	191	11	against	against	ADP
cblr-1726	191	12	banks	bank	NOUN
cblr-1726	191	13	and	and	CCONJ
cblr-1726	191	14	other	other	ADJ
cblr-1726	191	15	financial	financial	ADJ
cblr-1726	191	16	institutions	institution	NOUN
cblr-1726	191	17	issuing	issue	VERB
cblr-1726	191	18	short	short	ADJ
cblr-1726	191	19	-	-	PUNCT
cblr-1726	191	20	term	term	NOUN
cblr-1726	191	21	foreign	foreign	ADJ
cblr-1726	191	22	currency	currency	NOUN
cblr-1726	191	23	liabilities	liability	NOUN
cblr-1726	191	24	.	.	PUNCT
cblr-1726	192	1	at	at	ADP
cblr-1726	192	2	the	the	DET
cblr-1726	192	3	other	other	ADJ
cblr-1726	192	4	end	end	NOUN
cblr-1726	192	5	of	of	ADP
cblr-1726	192	6	the	the	DET
cblr-1726	192	7	spectrum	spectrum	NOUN
cblr-1726	192	8	is	be	AUX
cblr-1726	192	9	the	the	DET
cblr-1726	192	10	creation	creation	NOUN
cblr-1726	192	11	of	of	ADP
cblr-1726	192	12	a	a	DET
cblr-1726	192	13	global	global	ADJ
cblr-1726	192	14	currency	currency	NOUN
cblr-1726	192	15	and	and	CCONJ
cblr-1726	192	16	central	central	ADJ
cblr-1726	192	17	bank	bank	NOUN
cblr-1726	192	18	.	.	PUNCT
cblr-1726	193	1	in	in	ADP
cblr-1726	193	2	between	between	ADP
cblr-1726	193	3	these	these	DET
cblr-1726	193	4	extremes	extreme	NOUN
cblr-1726	193	5	reside	reside	VERB
cblr-1726	193	6	a	a	DET
cblr-1726	193	7	number	number	NOUN
cblr-1726	193	8	of	of	ADP
cblr-1726	193	9	important	important	ADJ
cblr-1726	193	10	but	but	CCONJ
cblr-1726	193	11	largely	largely	ADV
cblr-1726	193	12	incremental	incremental	ADJ
cblr-1726	193	13	reforms	reform	NOUN
cblr-1726	193	14	to	to	ADP
cblr-1726	193	15	the	the	DET
cblr-1726	193	16	emerging	emerge	VERB
cblr-1726	193	17	institutional	institutional	ADJ
cblr-1726	193	18	architecture	architecture	NOUN
cblr-1726	193	19	for	for	ADP
cblr-1726	193	20	the	the	DET
cblr-1726	193	21	provision	provision	NOUN
cblr-1726	193	22	of	of	ADP
cblr-1726	193	23	foreign	foreign	ADJ
cblr-1726	193	24	currency	currency	NOUN
cblr-1726	193	25	liquidity	liquidity	NOUN
cblr-1726	193	26	assistance	assistance	NOUN
cblr-1726	193	27	(	(	PUNCT
cblr-1726	193	28	“	"	PUNCT
cblr-1726	193	29	fcla	fcla	NOUN
cblr-1726	193	30	”	"	PUNCT
cblr-1726	193	31	)	)	PUNCT
cblr-1726	193	32	.	.	PUNCT
cblr-1726	194	1	this	this	DET
cblr-1726	194	2	architecture	architecture	NOUN
cblr-1726	194	3	includes	include	VERB
cblr-1726	194	4	the	the	DET
cblr-1726	194	5	central	central	PROPN
cblr-1726	194	6	bank	bank	PROPN
cblr-1726	194	7	swap	swap	NOUN
cblr-1726	194	8	lines	line	NOUN
cblr-1726	194	9	used	use	VERB
cblr-1726	194	10	to	to	PART
cblr-1726	194	11	provide	provide	VERB
cblr-1726	194	12	u.s	u.s	PROPN
cblr-1726	194	13	.	.	PROPN
cblr-1726	194	14	dollar	dollar	NOUN
cblr-1726	194	15	liquidity	liquidity	NOUN
cblr-1726	194	16	to	to	ADP
cblr-1726	194	17	foreign	foreign	ADJ
cblr-1726	194	18	banks	bank	NOUN
cblr-1726	194	19	in	in	ADP
cblr-1726	194	20	the	the	DET
cblr-1726	194	21	thick	thick	NOUN
cblr-1726	194	22	of	of	ADP
cblr-1726	194	23	the	the	DET
cblr-1726	194	24	financial	financial	ADJ
cblr-1726	194	25	crisis	crisis	NOUN
cblr-1726	194	26	,	,	PUNCT
cblr-1726	194	27	along	along	ADP
cblr-1726	194	28	with	with	ADP
cblr-1726	194	29	the	the	DET
cblr-1726	194	30	new	new	ADJ
cblr-1726	194	31	and	and	CCONJ
cblr-1726	194	32	still	still	ADV
cblr-1726	194	33	untested	untested	ADJ
cblr-1726	194	34	emergency	emergency	NOUN
cblr-1726	194	35	lending	lending	NOUN
cblr-1726	194	36	facilities	facility	NOUN
cblr-1726	194	37	recently	recently	ADV
cblr-1726	194	38	introduced	introduce	VERB
cblr-1726	194	39	by	by	ADP
cblr-1726	194	40	the	the	DET
cblr-1726	194	41	international	international	ADJ
cblr-1726	194	42	monetary	monetary	ADJ
cblr-1726	194	43	fund	fund	NOUN
cblr-1726	194	44	(	(	PUNCT
cblr-1726	194	45	the	the	DET
cblr-1726	194	46	“	"	PUNCT
cblr-1726	194	47	imf	imf	PROPN
cblr-1726	194	48	”	"	PUNCT
cblr-1726	194	49	)	)	PUNCT
cblr-1726	194	50	.	.	PUNCT
cblr-1726	195	1	in	in	ADP
cblr-1726	195	2	the	the	DET
cblr-1726	195	3	case	case	NOUN
cblr-1726	195	4	of	of	ADP
cblr-1726	195	5	the	the	DET
cblr-1726	195	6	central	central	PROPN
cblr-1726	195	7	bank	bank	PROPN
cblr-1726	195	8	swap	swap	NOUN
cblr-1726	195	9	lines	line	NOUN
cblr-1726	195	10	,	,	PUNCT
cblr-1726	195	11	these	these	DET
cblr-1726	195	12	reforms	reform	NOUN
cblr-1726	195	13	include	include	VERB
cblr-1726	195	14	the	the	DET
cblr-1726	195	15	introduction	introduction	NOUN
cblr-1726	195	16	of	of	ADP
cblr-1726	195	17	more	more	ADV
cblr-1726	195	18	observable	observable	ADJ
cblr-1726	195	19	and	and	CCONJ
cblr-1726	195	20	objective	objective	ADJ
cblr-1726	195	21	conditions	condition	NOUN
cblr-1726	195	22	for	for	ADP
cblr-1726	195	23	the	the	DET
cblr-1726	195	24	provision	provision	NOUN
cblr-1726	195	25	of	of	ADP
cblr-1726	195	26	fcla	fcla	NOUN
cblr-1726	195	27	:	:	PUNCT
cblr-1726	195	28	ex	ex	NOUN
cblr-1726	195	29	ante	ante	NOUN
cblr-1726	195	30	qualifications	qualification	NOUN
cblr-1726	195	31	for	for	ADP
cblr-1726	195	32	eligible	eligible	ADJ
cblr-1726	195	33	countries	country	NOUN
cblr-1726	195	34	,	,	PUNCT
cblr-1726	195	35	regulatory	regulatory	ADJ
cblr-1726	195	36	constraints	constraint	NOUN
cblr-1726	195	37	for	for	ADP
cblr-1726	195	38	eligible	eligible	ADJ
cblr-1726	195	39	financial	financial	ADJ
cblr-1726	195	40	institutions	institution	NOUN
cblr-1726	195	41	,	,	PUNCT
cblr-1726	195	42	and	and	CCONJ
cblr-1726	195	43	a	a	DET
cblr-1726	195	44	fee	fee	NOUN
cblr-1726	195	45	structure	structure	NOUN
cblr-1726	195	46	that	that	PRON
cblr-1726	195	47	better	well	ADV
cblr-1726	195	48	reflects	reflect	VERB
cblr-1726	195	49	the	the	DET
cblr-1726	195	50	role	role	NOUN
cblr-1726	195	51	of	of	ADP
cblr-1726	195	52	this	this	DET
cblr-1726	195	53	liquidity	liquidity	NOUN
cblr-1726	195	54	assistance	assistance	NOUN
cblr-1726	195	55	as	as	ADP
cblr-1726	195	56	a	a	DET
cblr-1726	195	57	form	form	NOUN
cblr-1726	195	58	of	of	ADP
cblr-1726	195	59	insurance	insurance	NOUN
cblr-1726	195	60	.	.	PUNCT
cblr-1726	196	1	in	in	ADP
cblr-1726	196	2	the	the	DET
cblr-1726	196	3	case	case	NOUN
cblr-1726	196	4	of	of	ADP
cblr-1726	196	5	the	the	DET
cblr-1726	196	6	imf	imf	PROPN
cblr-1726	196	7	’s	’s	PART
cblr-1726	196	8	new	new	ADJ
cblr-1726	196	9	emergency	emergency	NOUN
cblr-1726	196	10	lending	lending	NOUN
cblr-1726	196	11	facilities	facility	NOUN
cblr-1726	196	12	,	,	PUNCT
cblr-1726	196	13	these	these	DET
cblr-1726	196	14	reforms	reform	NOUN
cblr-1726	196	15	include	include	VERB
cblr-1726	196	16	a	a	DET
cblr-1726	196	17	significant	significant	ADJ
cblr-1726	196	18	expansion	expansion	NOUN
cblr-1726	196	19	of	of	ADP
cblr-1726	196	20	the	the	DET
cblr-1726	196	21	available	available	ADJ
cblr-1726	196	22	financial	financial	ADJ
cblr-1726	196	23	resources	resource	NOUN
cblr-1726	196	24	and	and	CCONJ
cblr-1726	196	25	the	the	DET
cblr-1726	196	26	imposition	imposition	NOUN
cblr-1726	196	27	of	of	ADP
cblr-1726	196	28	targeted	target	VERB
cblr-1726	196	29	ex	ex	PRON
cblr-1726	196	30	post	post	NOUN
cblr-1726	196	31	monitoring	monitoring	NOUN
cblr-1726	196	32	on	on	ADP
cblr-1726	196	33	countries	country	NOUN
cblr-1726	196	34	accessing	access	VERB
cblr-1726	196	35	fcla	fcla	NOUN
cblr-1726	196	36	.	.	PUNCT
cblr-1726	197	1	collectively	collectively	ADV
cblr-1726	197	2	,	,	PUNCT
cblr-1726	197	3	these	these	DET
cblr-1726	197	4	reforms	reform	NOUN
cblr-1726	197	5	would	would	AUX
cblr-1726	197	6	help	help	VERB
cblr-1726	197	7	constrain	constrain	VERB
cblr-1726	197	8	the	the	DET
cblr-1726	197	9	build	build	NOUN
cblr-1726	197	10	-	-	PUNCT
cblr-1726	197	11	up	up	NOUN
cblr-1726	197	12	of	of	ADP
cblr-1726	197	13	risk	risk	NOUN
cblr-1726	197	14	within	within	ADP
cblr-1726	197	15	the	the	DET
cblr-1726	197	16	eurodollar	eurodollar	ADJ
cblr-1726	197	17	market	market	NOUN
cblr-1726	197	18	and	and	CCONJ
cblr-1726	197	19	ameliorate	ameliorate	VERB
cblr-1726	197	20	the	the	DET
cblr-1726	197	21	potential	potential	ADJ
cblr-1726	197	22	moral	moral	ADJ
cblr-1726	197	23	hazard	hazard	NOUN
cblr-1726	197	24	problems	problem	NOUN
cblr-1726	197	25	associated	associate	VERB
cblr-1726	197	26	with	with	ADP
cblr-1726	197	27	this	this	DET
cblr-1726	197	28	state	state	NOUN
cblr-1726	197	29	-	-	PUNCT
cblr-1726	197	30	sponsored	sponsor	VERB
cblr-1726	197	31	liquidity	liquidity	NOUN
cblr-1726	197	32	support	support	NOUN
cblr-1726	197	33	for	for	ADP
cblr-1726	197	34	private	private	ADJ
cblr-1726	197	35	markets	market	NOUN
cblr-1726	197	36	and	and	CCONJ
cblr-1726	197	37	institutions	institution	NOUN
cblr-1726	197	38	.	.	PUNCT
cblr-1726	198	1	this	this	DET
cblr-1726	198	2	article	article	NOUN
cblr-1726	198	3	makes	make	VERB
cblr-1726	198	4	two	two	NUM
cblr-1726	198	5	distinct	distinct	ADJ
cblr-1726	198	6	contributions	contribution	NOUN
cblr-1726	198	7	to	to	ADP
cblr-1726	198	8	the	the	DET
cblr-1726	198	9	rapidly	rapidly	ADV
cblr-1726	198	10	expanding	expand	VERB
cblr-1726	198	11	literature	literature	NOUN
cblr-1726	198	12	examining	examine	VERB
cblr-1726	198	13	the	the	DET
cblr-1726	198	14	sources	source	NOUN
cblr-1726	198	15	of	of	ADP
cblr-1726	198	16	financial	financial	ADJ
cblr-1726	198	17	instability	instability	NOUN
cblr-1726	198	18	and	and	CCONJ
cblr-1726	198	19	the	the	DET
cblr-1726	198	20	theory	theory	NOUN
cblr-1726	198	21	and	and	CCONJ
cblr-1726	198	22	practice	practice	NOUN
cblr-1726	198	23	of	of	ADP
cblr-1726	198	24	international	international	ADJ
cblr-1726	198	25	financial	financial	ADJ
cblr-1726	198	26	crisis	crisis	NOUN
cblr-1726	198	27	management	management	NOUN
cblr-1726	198	28	.	.	PUNCT
cblr-1726	199	1	first	first	ADV
cblr-1726	199	2	,	,	PUNCT
cblr-1726	199	3	it	it	PRON
cblr-1726	199	4	describes	describe	VERB
cblr-1726	199	5	the	the	DET
cblr-1726	199	6	important	important	ADJ
cblr-1726	199	7	and	and	CCONJ
cblr-1726	199	8	varied	varied	ADJ
cblr-1726	199	9	roles	role	NOUN
cblr-1726	199	10	that	that	PRON
cblr-1726	199	11	the	the	DET
cblr-1726	199	12	modern	modern	ADJ
cblr-1726	199	13	eurodollar	eurodollar	PROPN
cblr-1726	199	14	market	market	NOUN
cblr-1726	199	15	plays	play	VERB
cblr-1726	199	16	within	within	ADP
cblr-1726	199	17	the	the	DET
cblr-1726	199	18	international	international	ADJ
cblr-1726	199	19	financial	financial	ADJ
cblr-1726	199	20	system	system	NOUN
cblr-1726	199	21	.	.	PUNCT
cblr-1726	200	1	while	while	SCONJ
cblr-1726	200	2	a	a	DET
cblr-1726	200	3	great	great	ADJ
cblr-1726	200	4	deal	deal	NOUN
cblr-1726	200	5	has	have	VERB
cblr-1726	200	6	already	already	ADV
cblr-1726	200	7	awrey	awrey	NOUN
cblr-1726	200	8	–	–	PUNCT
cblr-1726	200	9	final	final	ADJ
cblr-1726	200	10	no	no	NOUN
cblr-1726	200	11	.	.	PUNCT
cblr-1726	201	1	3:934	3:934	X
cblr-1726	201	2	]	]	X
cblr-1726	201	3	foreign	foreign	ADJ
cblr-1726	201	4	currency	currency	NOUN
cblr-1726	201	5	liquidity	liquidity	NOUN
cblr-1726	201	6	assistance	assistance	NOUN
cblr-1726	201	7	947	947	NUM
cblr-1726	201	8	been	be	AUX
cblr-1726	201	9	written	write	VERB
cblr-1726	201	10	about	about	ADP
cblr-1726	201	11	the	the	DET
cblr-1726	201	12	eurodollar	eurodollar	PROPN
cblr-1726	201	13	market	market	NOUN
cblr-1726	201	14	,	,	PUNCT
cblr-1726	201	15	the	the	DET
cblr-1726	201	16	preponderance	preponderance	NOUN
cblr-1726	201	17	of	of	ADP
cblr-1726	201	18	the	the	DET
cblr-1726	201	19	existing	exist	VERB
cblr-1726	201	20	literature	literature	NOUN
cblr-1726	201	21	explores	explore	VERB
cblr-1726	201	22	questions	question	NOUN
cblr-1726	201	23	around	around	ADP
cblr-1726	201	24	its	its	PRON
cblr-1726	201	25	role	role	NOUN
cblr-1726	201	26	as	as	ADP
cblr-1726	201	27	a	a	DET
cblr-1726	201	28	vehicle	vehicle	NOUN
cblr-1726	201	29	for	for	ADP
cblr-1726	201	30	regulatory	regulatory	ADJ
cblr-1726	201	31	arbitrage	arbitrage	NOUN
cblr-1726	201	32	and	and	CCONJ
cblr-1726	201	33	whether	whether	SCONJ
cblr-1726	201	34	its	its	PRON
cblr-1726	201	35	enormous	enormous	ADJ
cblr-1726	201	36	growth	growth	NOUN
cblr-1726	201	37	contributes	contribute	VERB
cblr-1726	201	38	to	to	ADP
cblr-1726	201	39	the	the	DET
cblr-1726	201	40	aggregate	aggregate	ADJ
cblr-1726	201	41	money	money	NOUN
cblr-1726	201	42	supply	supply	NOUN
cblr-1726	201	43	and	and	CCONJ
cblr-1726	201	44	,	,	PUNCT
cblr-1726	201	45	thus	thus	ADV
cblr-1726	201	46	,	,	PUNCT
cblr-1726	201	47	inflation	inflation	NOUN
cblr-1726	201	48	.	.	PUNCT
cblr-1726	202	1	with	with	ADP
cblr-1726	202	2	some	some	DET
cblr-1726	202	3	notable	notable	ADJ
cblr-1726	202	4	exceptions	exception	NOUN
cblr-1726	202	5	,	,	PUNCT
cblr-1726	202	6	this	this	DET
cblr-1726	202	7	literature	literature	NOUN
cblr-1726	202	8	also	also	ADV
cblr-1726	202	9	has	have	VERB
cblr-1726	202	10	a	a	DET
cblr-1726	202	11	tendency	tendency	NOUN
cblr-1726	202	12	to	to	PART
cblr-1726	202	13	describe	describe	VERB
cblr-1726	202	14	the	the	DET
cblr-1726	202	15	eurodollar	eurodollar	ADJ
cblr-1726	202	16	market	market	NOUN
cblr-1726	202	17	at	at	ADP
cblr-1726	202	18	a	a	DET
cblr-1726	202	19	high	high	ADJ
cblr-1726	202	20	level	level	NOUN
cblr-1726	202	21	of	of	ADP
cblr-1726	202	22	abstraction	abstraction	NOUN
cblr-1726	202	23	,	,	PUNCT
cblr-1726	202	24	thereby	thereby	ADV
cblr-1726	202	25	contributing	contribute	VERB
cblr-1726	202	26	to	to	ADP
cblr-1726	202	27	the	the	DET
cblr-1726	202	28	considerable	considerable	ADJ
cblr-1726	202	29	degree	degree	NOUN
cblr-1726	202	30	of	of	ADP
cblr-1726	202	31	confusion	confusion	NOUN
cblr-1726	202	32	around	around	ADP
cblr-1726	202	33	what	what	PRON
cblr-1726	202	34	the	the	DET
cblr-1726	202	35	eurodollar	eurodollar	PROPN
cblr-1726	202	36	market	market	NOUN
cblr-1726	202	37	is	be	AUX
cblr-1726	202	38	,	,	PUNCT
cblr-1726	202	39	how	how	SCONJ
cblr-1726	202	40	it	it	PRON
cblr-1726	202	41	works	work	VERB
cblr-1726	202	42	,	,	PUNCT
cblr-1726	202	43	and	and	CCONJ
cblr-1726	202	44	why	why	SCONJ
cblr-1726	202	45	it	it	PRON
cblr-1726	202	46	is	be	AUX
cblr-1726	202	47	so	so	ADV
cblr-1726	202	48	important	important	ADJ
cblr-1726	202	49	.	.	PUNCT
cblr-1726	203	1	in	in	ADP
cblr-1726	203	2	sharp	sharp	ADJ
cblr-1726	203	3	contrast	contrast	NOUN
cblr-1726	203	4	,	,	PUNCT
cblr-1726	203	5	this	this	DET
cblr-1726	203	6	article	article	NOUN
cblr-1726	203	7	provides	provide	VERB
cblr-1726	203	8	a	a	DET
cblr-1726	203	9	more	more	ADV
cblr-1726	203	10	detailed	detailed	ADJ
cblr-1726	203	11	description	description	NOUN
cblr-1726	203	12	of	of	ADP
cblr-1726	203	13	the	the	DET
cblr-1726	203	14	mechanics	mechanic	NOUN
cblr-1726	203	15	of	of	ADP
cblr-1726	203	16	various	various	ADJ
cblr-1726	203	17	components	component	NOUN
cblr-1726	203	18	of	of	ADP
cblr-1726	203	19	the	the	DET
cblr-1726	203	20	eurodollar	eurodollar	PROPN
cblr-1726	203	21	market	market	NOUN
cblr-1726	203	22	and	and	CCONJ
cblr-1726	203	23	examines	examine	VERB
cblr-1726	203	24	how	how	SCONJ
cblr-1726	203	25	they	they	PRON
cblr-1726	203	26	can	can	AUX
cblr-1726	203	27	contribute	contribute	VERB
cblr-1726	203	28	to	to	ADP
cblr-1726	203	29	financial	financial	ADJ
cblr-1726	203	30	instability	instability	NOUN
cblr-1726	203	31	.	.	PUNCT
cblr-1726	204	1	second	second	ADJ
cblr-1726	204	2	,	,	PUNCT
cblr-1726	204	3	this	this	DET
cblr-1726	204	4	article	article	NOUN
cblr-1726	204	5	identifies	identify	VERB
cblr-1726	204	6	the	the	DET
cblr-1726	204	7	challenges	challenge	NOUN
cblr-1726	204	8	that	that	PRON
cblr-1726	204	9	a	a	DET
cblr-1726	204	10	large	large	ADJ
cblr-1726	204	11	eurodollar	eurodollar	NOUN
cblr-1726	204	12	market	market	NOUN
cblr-1726	204	13	poses	pose	NOUN
cblr-1726	204	14	in	in	ADP
cblr-1726	204	15	terms	term	NOUN
cblr-1726	204	16	of	of	ADP
cblr-1726	204	17	effective	effective	ADJ
cblr-1726	204	18	international	international	ADJ
cblr-1726	204	19	financial	financial	ADJ
cblr-1726	204	20	crisis	crisis	NOUN
cblr-1726	204	21	management	management	NOUN
cblr-1726	204	22	.	.	PUNCT
cblr-1726	205	1	it	it	PRON
cblr-1726	205	2	then	then	ADV
cblr-1726	205	3	identifies	identify	VERB
cblr-1726	205	4	and	and	CCONJ
cblr-1726	205	5	evaluates	evaluate	VERB
cblr-1726	205	6	the	the	DET
cblr-1726	205	7	relative	relative	ADJ
cblr-1726	205	8	merits	merit	NOUN
cblr-1726	205	9	of	of	ADP
cblr-1726	205	10	various	various	ADJ
cblr-1726	205	11	alternatives	alternative	NOUN
cblr-1726	205	12	for	for	ADP
cblr-1726	205	13	how	how	SCONJ
cblr-1726	205	14	one	one	PRON
cblr-1726	205	15	might	might	AUX
cblr-1726	205	16	go	go	VERB
cblr-1726	205	17	about	about	ADP
cblr-1726	205	18	addressing	address	VERB
cblr-1726	205	19	these	these	DET
cblr-1726	205	20	challenges	challenge	NOUN
cblr-1726	205	21	with	with	ADP
cblr-1726	205	22	the	the	DET
cblr-1726	205	23	objective	objective	NOUN
cblr-1726	205	24	of	of	ADP
cblr-1726	205	25	promoting	promote	VERB
cblr-1726	205	26	greater	great	ADJ
cblr-1726	205	27	global	global	ADJ
cblr-1726	205	28	financial	financial	ADJ
cblr-1726	205	29	stability	stability	NOUN
cblr-1726	205	30	.	.	PUNCT
cblr-1726	206	1	this	this	DET
cblr-1726	206	2	article	article	NOUN
cblr-1726	206	3	is	be	AUX
cblr-1726	206	4	organized	organize	VERB
cblr-1726	206	5	into	into	ADP
cblr-1726	206	6	six	six	NUM
cblr-1726	206	7	parts	part	NOUN
cblr-1726	206	8	.	.	PUNCT
cblr-1726	207	1	part	part	PROPN
cblr-1726	207	2	ii	ii	PROPN
cblr-1726	207	3	begins	begin	VERB
cblr-1726	207	4	by	by	ADP
cblr-1726	207	5	tracing	trace	VERB
cblr-1726	207	6	the	the	DET
cblr-1726	207	7	origins	origin	NOUN
cblr-1726	207	8	of	of	ADP
cblr-1726	207	9	the	the	DET
cblr-1726	207	10	eurodollar	eurodollar	PROPN
cblr-1726	207	11	market	market	NOUN
cblr-1726	207	12	and	and	CCONJ
cblr-1726	207	13	documenting	document	VERB
cblr-1726	207	14	its	its	PRON
cblr-1726	207	15	tremendous	tremendous	ADJ
cblr-1726	207	16	growth	growth	NOUN
cblr-1726	207	17	in	in	ADP
cblr-1726	207	18	recent	recent	ADJ
cblr-1726	207	19	decades	decade	NOUN
cblr-1726	207	20	.	.	PUNCT
cblr-1726	208	1	it	it	PRON
cblr-1726	208	2	also	also	ADV
cblr-1726	208	3	describes	describe	VERB
cblr-1726	208	4	the	the	DET
cblr-1726	208	5	basic	basic	ADJ
cblr-1726	208	6	mechanics	mechanic	NOUN
cblr-1726	208	7	of	of	ADP
cblr-1726	208	8	this	this	DET
cblr-1726	208	9	market	market	NOUN
cblr-1726	208	10	and	and	CCONJ
cblr-1726	208	11	the	the	DET
cblr-1726	208	12	important	important	ADJ
cblr-1726	208	13	roles	role	NOUN
cblr-1726	208	14	that	that	PRON
cblr-1726	208	15	it	it	PRON
cblr-1726	208	16	plays	play	VERB
cblr-1726	208	17	in	in	ADP
cblr-1726	208	18	supporting	support	VERB
cblr-1726	208	19	international	international	ADJ
cblr-1726	208	20	trade	trade	NOUN
cblr-1726	208	21	,	,	PUNCT
cblr-1726	208	22	finance	finance	NOUN
cblr-1726	208	23	,	,	PUNCT
cblr-1726	208	24	and	and	CCONJ
cblr-1726	208	25	investment	investment	NOUN
cblr-1726	208	26	.	.	PUNCT
cblr-1726	209	1	part	part	NOUN
cblr-1726	209	2	iii	iii	PROPN
cblr-1726	209	3	describes	describe	VERB
cblr-1726	209	4	the	the	DET
cblr-1726	209	5	functions	function	NOUN
cblr-1726	209	6	of	of	ADP
cblr-1726	209	7	conventional	conventional	ADJ
cblr-1726	209	8	ela	ela	PROPN
cblr-1726	209	9	facilities	facility	NOUN
cblr-1726	209	10	.	.	PUNCT
cblr-1726	210	1	it	it	PRON
cblr-1726	210	2	also	also	ADV
cblr-1726	210	3	describes	describe	VERB
cblr-1726	210	4	the	the	DET
cblr-1726	210	5	unique	unique	ADJ
cblr-1726	210	6	challenges	challenge	NOUN
cblr-1726	210	7	posed	pose	VERB
cblr-1726	210	8	by	by	ADP
cblr-1726	210	9	the	the	DET
cblr-1726	210	10	existence	existence	NOUN
cblr-1726	210	11	of	of	ADP
cblr-1726	210	12	a	a	DET
cblr-1726	210	13	large	large	ADJ
cblr-1726	210	14	eurodollar	eurodollar	NOUN
cblr-1726	210	15	market	market	NOUN
cblr-1726	210	16	and	and	CCONJ
cblr-1726	210	17	the	the	DET
cblr-1726	210	18	corresponding	corresponding	ADJ
cblr-1726	210	19	need	need	NOUN
cblr-1726	210	20	for	for	ADP
cblr-1726	210	21	a	a	DET
cblr-1726	210	22	credible	credible	ADJ
cblr-1726	210	23	framework	framework	NOUN
cblr-1726	210	24	for	for	ADP
cblr-1726	210	25	the	the	DET
cblr-1726	210	26	provision	provision	NOUN
cblr-1726	210	27	of	of	ADP
cblr-1726	210	28	fcla	fcla	NOUN
cblr-1726	210	29	.	.	PUNCT
cblr-1726	211	1	part	part	NOUN
cblr-1726	211	2	iv	iv	NUM
cblr-1726	211	3	chronicles	chronicle	VERB
cblr-1726	211	4	the	the	DET
cblr-1726	211	5	important	important	ADJ
cblr-1726	211	6	role	role	NOUN
cblr-1726	211	7	of	of	ADP
cblr-1726	211	8	the	the	DET
cblr-1726	211	9	eurodollar	eurodollar	PROPN
cblr-1726	211	10	market	market	NOUN
cblr-1726	211	11	in	in	ADP
cblr-1726	211	12	the	the	DET
cblr-1726	211	13	thick	thick	NOUN
cblr-1726	211	14	of	of	ADP
cblr-1726	211	15	the	the	DET
cblr-1726	211	16	global	global	ADJ
cblr-1726	211	17	financial	financial	ADJ
cblr-1726	211	18	crisis	crisis	NOUN
cblr-1726	211	19	,	,	PUNCT
cblr-1726	211	20	along	along	ADP
cblr-1726	211	21	with	with	ADP
cblr-1726	211	22	the	the	DET
cblr-1726	211	23	unprecedented	unprecedented	ADJ
cblr-1726	211	24	measures	measure	NOUN
cblr-1726	211	25	taken	take	VERB
cblr-1726	211	26	by	by	ADP
cblr-1726	211	27	the	the	DET
cblr-1726	211	28	federal	federal	PROPN
cblr-1726	211	29	reserve	reserve	PROPN
cblr-1726	211	30	and	and	CCONJ
cblr-1726	211	31	other	other	ADJ
cblr-1726	211	32	major	major	ADJ
cblr-1726	211	33	central	central	ADJ
cblr-1726	211	34	banks	bank	NOUN
cblr-1726	211	35	to	to	PART
cblr-1726	211	36	inject	inject	VERB
cblr-1726	211	37	u.s	u.s	PROPN
cblr-1726	211	38	.	.	PROPN
cblr-1726	211	39	dollar	dollar	NOUN
cblr-1726	211	40	liquidity	liquidity	NOUN
cblr-1726	211	41	into	into	ADP
cblr-1726	211	42	the	the	DET
cblr-1726	211	43	international	international	ADJ
cblr-1726	211	44	financial	financial	ADJ
cblr-1726	211	45	system	system	NOUN
cblr-1726	211	46	.	.	PUNCT
cblr-1726	212	1	part	part	NOUN
cblr-1726	212	2	v	v	ADP
cblr-1726	212	3	then	then	ADV
cblr-1726	212	4	examines	examine	VERB
cblr-1726	212	5	the	the	DET
cblr-1726	212	6	various	various	ADJ
cblr-1726	212	7	ways	way	NOUN
cblr-1726	212	8	that	that	PRON
cblr-1726	212	9	one	one	PRON
cblr-1726	212	10	might	might	AUX
cblr-1726	212	11	seek	seek	VERB
cblr-1726	212	12	to	to	PART
cblr-1726	212	13	strengthen	strengthen	VERB
cblr-1726	212	14	this	this	DET
cblr-1726	212	15	emerging	emerge	VERB
cblr-1726	212	16	international	international	ADJ
cblr-1726	212	17	financial	financial	ADJ
cblr-1726	212	18	crisis	crisis	NOUN
cblr-1726	212	19	management	management	NOUN
cblr-1726	212	20	architecture	architecture	NOUN
cblr-1726	212	21	.	.	PUNCT
cblr-1726	213	1	part	part	NOUN
cblr-1726	213	2	vi	vi	PROPN
cblr-1726	213	3	concludes	conclude	VERB
cblr-1726	213	4	.	.	PUNCT
cblr-1726	214	1	awrey	awrey	NOUN
cblr-1726	214	2	–	–	PUNCT
cblr-1726	214	3	final	final	ADJ
cblr-1726	214	4	948	948	NUM
cblr-1726	214	5	columbia	columbia	PROPN
cblr-1726	214	6	business	business	NOUN
cblr-1726	214	7	law	law	PROPN
cblr-1726	214	8	review	review	NOUN
cblr-1726	215	1	[	[	X
cblr-1726	215	2	vol	vol	NOUN
cblr-1726	215	3	.	.	PUNCT
cblr-1726	215	4	2017	2017	NUM
cblr-1726	215	5	ii	ii	NOUN
cblr-1726	215	6	.	.	PUNCT
cblr-1726	216	1	the	the	DET
cblr-1726	216	2	origins	origin	NOUN
cblr-1726	216	3	,	,	PUNCT
cblr-1726	216	4	mechanics	mechanic	NOUN
cblr-1726	216	5	,	,	PUNCT
cblr-1726	216	6	and	and	CCONJ
cblr-1726	216	7	growth	growth	NOUN
cblr-1726	216	8	of	of	ADP
cblr-1726	216	9	the	the	DET
cblr-1726	216	10	eurodollar	eurodollar	PROPN
cblr-1726	216	11	market	market	NOUN
cblr-1726	216	12	the	the	DET
cblr-1726	216	13	eurodollar	eurodollar	PROPN
cblr-1726	216	14	market	market	NOUN
cblr-1726	216	15	consists	consist	VERB
cblr-1726	216	16	of	of	ADP
cblr-1726	216	17	liabilities	liability	NOUN
cblr-1726	216	18	—	—	PUNCT
cblr-1726	216	19	promises	promise	NOUN
cblr-1726	216	20	to	to	PART
cblr-1726	216	21	pay	pay	VERB
cblr-1726	216	22	—	—	PUNCT
cblr-1726	216	23	issued	issue	VERB
cblr-1726	216	24	by	by	ADP
cblr-1726	216	25	banks	bank	NOUN
cblr-1726	216	26	and	and	CCONJ
cblr-1726	216	27	other	other	ADJ
cblr-1726	216	28	financial	financial	ADJ
cblr-1726	216	29	institutions	institution	NOUN
cblr-1726	216	30	that	that	PRON
cblr-1726	216	31	are	be	AUX
cblr-1726	216	32	denominated	denominate	VERB
cblr-1726	216	33	in	in	ADP
cblr-1726	216	34	the	the	DET
cblr-1726	216	35	currency	currency	NOUN
cblr-1726	216	36	of	of	ADP
cblr-1726	216	37	a	a	DET
cblr-1726	216	38	country	country	NOUN
cblr-1726	216	39	other	other	ADJ
cblr-1726	216	40	than	than	ADP
cblr-1726	216	41	the	the	DET
cblr-1726	216	42	one	one	NOUN
cblr-1726	216	43	in	in	ADP
cblr-1726	216	44	which	which	PRON
cblr-1726	216	45	the	the	DET
cblr-1726	216	46	institution	institution	NOUN
cblr-1726	216	47	is	be	AUX
cblr-1726	216	48	incorporated	incorporate	VERB
cblr-1726	216	49	and	and	CCONJ
cblr-1726	216	50	licensed	license	VERB
cblr-1726	216	51	to	to	PART
cblr-1726	216	52	carry	carry	VERB
cblr-1726	216	53	on	on	ADP
cblr-1726	216	54	business.26	business.26	ADJ
cblr-1726	216	55	these	these	DET
cblr-1726	216	56	liabilities	liability	NOUN
cblr-1726	216	57	are	be	AUX
cblr-1726	216	58	issued	issue	VERB
cblr-1726	216	59	on	on	ADP
cblr-1726	216	60	a	a	DET
cblr-1726	216	61	short	short	ADJ
cblr-1726	216	62	-	-	PUNCT
cblr-1726	216	63	term	term	NOUN
cblr-1726	216	64	basis	basis	NOUN
cblr-1726	216	65	,	,	PUNCT
cblr-1726	216	66	with	with	SCONJ
cblr-1726	216	67	the	the	DET
cblr-1726	216	68	issuer	issuer	NOUN
cblr-1726	216	69	typically	typically	ADV
cblr-1726	216	70	obligated	obligate	VERB
cblr-1726	216	71	to	to	PART
cblr-1726	216	72	deliver	deliver	VERB
cblr-1726	216	73	the	the	DET
cblr-1726	216	74	relevant	relevant	ADJ
cblr-1726	216	75	currency	currency	NOUN
cblr-1726	216	76	on	on	ADP
cblr-1726	216	77	demand	demand	NOUN
cblr-1726	216	78	,	,	PUNCT
cblr-1726	216	79	upon	upon	SCONJ
cblr-1726	216	80	the	the	DET
cblr-1726	216	81	occurrence	occurrence	NOUN
cblr-1726	216	82	of	of	ADP
cblr-1726	216	83	a	a	DET
cblr-1726	216	84	specified	specified	ADJ
cblr-1726	216	85	contingency	contingency	NOUN
cblr-1726	216	86	,	,	PUNCT
cblr-1726	216	87	or	or	CCONJ
cblr-1726	216	88	at	at	ADP
cblr-1726	216	89	the	the	DET
cblr-1726	216	90	expiry	expiry	NOUN
cblr-1726	216	91	of	of	ADP
cblr-1726	216	92	a	a	DET
cblr-1726	216	93	fixed	fix	VERB
cblr-1726	216	94	period	period	NOUN
cblr-1726	216	95	,	,	PUNCT
cblr-1726	216	96	ranging	range	VERB
cblr-1726	216	97	from	from	ADP
cblr-1726	216	98	overnight	overnight	ADV
cblr-1726	216	99	up	up	ADP
cblr-1726	216	100	to	to	ADP
cblr-1726	216	101	one	one	NUM
cblr-1726	216	102	year.27	year.27	NOUN
cblr-1726	216	103	the	the	DET
cblr-1726	216	104	term	term	NOUN
cblr-1726	216	105	“	"	PUNCT
cblr-1726	216	106	eurodollar	eurodollar	NOUN
cblr-1726	216	107	”	"	PUNCT
cblr-1726	216	108	is	be	AUX
cblr-1726	216	109	derived	derive	VERB
cblr-1726	216	110	from	from	ADP
cblr-1726	216	111	the	the	DET
cblr-1726	216	112	oldest	old	ADJ
cblr-1726	216	113	,	,	PUNCT
cblr-1726	216	114	largest	large	ADJ
cblr-1726	216	115	,	,	PUNCT
cblr-1726	216	116	and	and	CCONJ
cblr-1726	216	117	arguably	arguably	ADV
cblr-1726	216	118	best	well	ADV
cblr-1726	216	119	-	-	PUNCT
cblr-1726	216	120	known	know	VERB
cblr-1726	216	121	segment	segment	NOUN
cblr-1726	216	122	of	of	ADP
cblr-1726	216	123	this	this	DET
cblr-1726	216	124	market	market	NOUN
cblr-1726	216	125	:	:	PUNCT
cblr-1726	216	126	the	the	DET
cblr-1726	216	127	market	market	NOUN
cblr-1726	216	128	for	for	ADP
cblr-1726	216	129	u.s	u.s	PROPN
cblr-1726	216	130	.	.	PROPN
cblr-1726	216	131	dollar	dollar	NOUN
cblr-1726	216	132	time	time	NOUN
cblr-1726	216	133	deposits	deposit	NOUN
cblr-1726	216	134	offered	offer	VERB
cblr-1726	216	135	by	by	ADP
cblr-1726	216	136	banks	bank	NOUN
cblr-1726	216	137	incorporated	incorporate	VERB
cblr-1726	216	138	and	and	CCONJ
cblr-1726	216	139	licensed	license	VERB
cblr-1726	216	140	in	in	ADP
cblr-1726	216	141	the	the	DET
cblr-1726	216	142	united	united	PROPN
cblr-1726	216	143	kingdom	kingdom	PROPN
cblr-1726	216	144	and	and	CCONJ
cblr-1726	216	145	continental	continental	ADJ
cblr-1726	216	146	europe.28	europe.28	NOUN
cblr-1726	216	147	in	in	ADP
cblr-1726	216	148	practice	practice	NOUN
cblr-1726	216	149	,	,	PUNCT
cblr-1726	216	150	however	however	ADV
cblr-1726	216	151	,	,	PUNCT
cblr-1726	216	152	the	the	DET
cblr-1726	216	153	term	term	NOUN
cblr-1726	216	154	has	have	AUX
cblr-1726	216	155	long	long	ADV
cblr-1726	216	156	been	be	AUX
cblr-1726	216	157	used	use	VERB
cblr-1726	216	158	more	more	ADV
cblr-1726	216	159	expansively	expansively	ADV
cblr-1726	216	160	to	to	PART
cblr-1726	216	161	describe	describe	VERB
cblr-1726	216	162	short	short	ADJ
cblr-1726	216	163	-	-	PUNCT
cblr-1726	216	164	term	term	NOUN
cblr-1726	216	165	foreign	foreign	ADJ
cblr-1726	216	166	currency	currency	NOUN
cblr-1726	216	167	liabilities	liability	NOUN
cblr-1726	216	168	of	of	ADP
cblr-1726	216	169	any	any	DET
cblr-1726	216	170	denomination	denomination	NOUN
cblr-1726	216	171	issued	issue	VERB
cblr-1726	216	172	by	by	ADP
cblr-1726	216	173	financial	financial	ADJ
cblr-1726	216	174	institutions	institution	NOUN
cblr-1726	216	175	incorporated	incorporate	VERB
cblr-1726	216	176	and	and	CCONJ
cblr-1726	216	177	licensed	license	VERB
cblr-1726	216	178	in	in	ADP
cblr-1726	216	179	any	any	DET
cblr-1726	216	180	country.29	country.29	NOUN
cblr-1726	216	181	like	like	ADP
cblr-1726	216	182	many	many	ADJ
cblr-1726	216	183	other	other	ADJ
cblr-1726	216	184	financial	financial	ADJ
cblr-1726	216	185	innovations	innovation	NOUN
cblr-1726	216	186	,	,	PUNCT
cblr-1726	216	187	the	the	DET
cblr-1726	216	188	emergence	emergence	NOUN
cblr-1726	216	189	and	and	CCONJ
cblr-1726	216	190	early	early	ADJ
cblr-1726	216	191	growth	growth	NOUN
cblr-1726	216	192	of	of	ADP
cblr-1726	216	193	the	the	DET
cblr-1726	216	194	modern	modern	ADJ
cblr-1726	216	195	eurodollar	eurodollar	PROPN
cblr-1726	216	196	market	market	NOUN
cblr-1726	216	197	in	in	ADP
cblr-1726	216	198	the	the	DET
cblr-1726	216	199	1960s	1960	NOUN
cblr-1726	216	200	and	and	CCONJ
cblr-1726	216	201	1970s	1970	NOUN
cblr-1726	216	202	was	be	AUX
cblr-1726	216	203	the	the	DET
cblr-1726	216	204	product	product	NOUN
cblr-1726	216	205	of	of	ADP
cblr-1726	216	206	regulatory	regulatory	ADJ
cblr-1726	216	207	arbitrage.30	arbitrage.30	PROPN
cblr-1726	216	208	the	the	DET
cblr-1726	216	209	pri	pri	PROPN
cblr-1726	216	210	26	26	NUM
cblr-1726	216	211	alexander	alexander	PROPN
cblr-1726	216	212	k.	k.	PROPN
cblr-1726	216	213	swoboda	swoboda	PROPN
cblr-1726	216	214	,	,	PUNCT
cblr-1726	216	215	the	the	DET
cblr-1726	216	216	euro	euro	ADJ
cblr-1726	216	217	-	-	PUNCT
cblr-1726	216	218	dollar	dollar	NOUN
cblr-1726	216	219	market	market	NOUN
cblr-1726	216	220	:	:	PUNCT
cblr-1726	216	221	an	an	DET
cblr-1726	216	222	interpretation	interpretation	NOUN
cblr-1726	216	223	,	,	PUNCT
cblr-1726	216	224	in	in	ADP
cblr-1726	216	225	64	64	NUM
cblr-1726	216	226	essays	essay	NOUN
cblr-1726	216	227	in	in	ADP
cblr-1726	216	228	int’l	int’l	NUM
cblr-1726	216	229	fin	fin	NOUN
cblr-1726	216	230	.	.	PUNCT
cblr-1726	217	1	1	1	NUM
cblr-1726	217	2	,	,	PUNCT
cblr-1726	217	3	1	1	NUM
cblr-1726	217	4	(	(	PUNCT
cblr-1726	217	5	1968	1968	NUM
cblr-1726	217	6	)	)	PUNCT
cblr-1726	217	7	.	.	PUNCT
cblr-1726	218	1	27	27	NUM
cblr-1726	219	1	the	the	DET
cblr-1726	219	2	eurodollar	eurodollar	PROPN
cblr-1726	219	3	market	market	NOUN
cblr-1726	219	4	can	can	AUX
cblr-1726	219	5	be	be	AUX
cblr-1726	219	6	distinguished	distinguish	VERB
cblr-1726	219	7	from	from	ADP
cblr-1726	219	8	the	the	DET
cblr-1726	219	9	market	market	NOUN
cblr-1726	219	10	for	for	ADP
cblr-1726	219	11	longer	long	ADJ
cblr-1726	219	12	-	-	PUNCT
cblr-1726	219	13	term	term	NOUN
cblr-1726	219	14	foreign	foreign	ADJ
cblr-1726	219	15	currency	currency	NOUN
cblr-1726	219	16	liabilities	liability	NOUN
cblr-1726	219	17	,	,	PUNCT
cblr-1726	219	18	generally	generally	ADV
cblr-1726	219	19	known	know	VERB
cblr-1726	219	20	as	as	ADP
cblr-1726	219	21	the	the	DET
cblr-1726	219	22	eurobond	eurobond	NOUN
cblr-1726	219	23	market	market	NOUN
cblr-1726	219	24	.	.	PUNCT
cblr-1726	220	1	28	28	NUM
cblr-1726	220	2	see	see	VERB
cblr-1726	220	3	generally	generally	ADV
cblr-1726	220	4	ronald	ronald	PROPN
cblr-1726	220	5	i.	i.	PROPN
cblr-1726	220	6	mckinnon	mckinnon	PROPN
cblr-1726	220	7	,	,	PUNCT
cblr-1726	220	8	the	the	DET
cblr-1726	220	9	eurocurrency	eurocurrency	NOUN
cblr-1726	220	10	market	market	NOUN
cblr-1726	220	11	,	,	PUNCT
cblr-1726	220	12	in	in	ADP
cblr-1726	220	13	125	125	NUM
cblr-1726	220	14	essays	essay	NOUN
cblr-1726	220	15	in	in	ADP
cblr-1726	220	16	int’l	int’l	NUM
cblr-1726	220	17	fin	fin	NOUN
cblr-1726	220	18	.	.	PUNCT
cblr-1726	221	1	1	1	NUM
cblr-1726	221	2	,	,	PUNCT
cblr-1726	221	3	2	2	NUM
cblr-1726	221	4	(	(	PUNCT
cblr-1726	221	5	1977	1977	NUM
cblr-1726	221	6	)	)	PUNCT
cblr-1726	221	7	;	;	PUNCT
cblr-1726	221	8	swoboda	swoboda	PROPN
cblr-1726	221	9	,	,	PUNCT
cblr-1726	221	10	supra	supra	PROPN
cblr-1726	221	11	note	note	PROPN
cblr-1726	221	12	26	26	NUM
cblr-1726	221	13	,	,	PUNCT
cblr-1726	221	14	at	at	ADP
cblr-1726	221	15	1	1	NUM
cblr-1726	221	16	;	;	PUNCT
cblr-1726	221	17	friedman	friedman	PROPN
cblr-1726	221	18	,	,	PUNCT
cblr-1726	221	19	supra	supra	PROPN
cblr-1726	221	20	note	note	PROPN
cblr-1726	221	21	25	25	NUM
cblr-1726	221	22	,	,	PUNCT
cblr-1726	221	23	at	at	ADP
cblr-1726	221	24	17	17	NUM
cblr-1726	221	25	.	.	PUNCT
cblr-1726	221	26	29	29	NUM
cblr-1726	221	27	mckinnon	mckinnon	PROPN
cblr-1726	221	28	,	,	PUNCT
cblr-1726	221	29	supra	supra	PROPN
cblr-1726	221	30	note	note	PROPN
cblr-1726	221	31	28	28	NUM
cblr-1726	221	32	,	,	PUNCT
cblr-1726	221	33	at	at	ADP
cblr-1726	221	34	2	2	NUM
cblr-1726	221	35	.	.	SYM
cblr-1726	221	36	30	30	NUM
cblr-1726	221	37	see	see	VERB
cblr-1726	221	38	,	,	PUNCT
cblr-1726	221	39	e.g.	e.g.	ADV
cblr-1726	221	40	,	,	PUNCT
cblr-1726	221	41	perry	perry	NOUN
cblr-1726	221	42	mehrling	mehrling	NOUN
cblr-1726	221	43	,	,	PUNCT
cblr-1726	221	44	the	the	DET
cblr-1726	221	45	new	new	ADJ
cblr-1726	221	46	lombard	lombard	PROPN
cblr-1726	221	47	street	street	NOUN
cblr-1726	221	48	:	:	PUNCT
cblr-1726	221	49	how	how	SCONJ
cblr-1726	221	50	the	the	DET
cblr-1726	221	51	fed	fed	PROPN
cblr-1726	221	52	became	become	VERB
cblr-1726	221	53	the	the	DET
cblr-1726	221	54	dealer	dealer	NOUN
cblr-1726	221	55	of	of	ADP
cblr-1726	221	56	last	last	ADJ
cblr-1726	221	57	resort	resort	NOUN
cblr-1726	221	58	71–75	71–75	PROPN
cblr-1726	221	59	(	(	PUNCT
cblr-1726	221	60	2011	2011	NUM
cblr-1726	221	61	)	)	PUNCT
cblr-1726	221	62	(	(	PUNCT
cblr-1726	221	63	describing	describe	VERB
cblr-1726	221	64	the	the	DET
cblr-1726	221	65	emergence	emergence	NOUN
cblr-1726	221	66	of	of	ADP
cblr-1726	221	67	parallel	parallel	ADJ
cblr-1726	221	68	loans	loan	NOUN
cblr-1726	221	69	—	—	PUNCT
cblr-1726	221	70	the	the	DET
cblr-1726	221	71	precursor	precursor	NOUN
cblr-1726	221	72	to	to	ADP
cblr-1726	221	73	modern	modern	ADJ
cblr-1726	221	74	swap	swap	NOUN
cblr-1726	221	75	markets	market	NOUN
cblr-1726	221	76	—	—	PUNCT
cblr-1726	221	77	in	in	ADP
cblr-1726	221	78	response	response	NOUN
cblr-1726	221	79	to	to	ADP
cblr-1726	221	80	capital	capital	NOUN
cblr-1726	221	81	controls	control	NOUN
cblr-1726	221	82	imposed	impose	VERB
cblr-1726	221	83	under	under	ADP
cblr-1726	221	84	the	the	DET
cblr-1726	221	85	bretton	bretton	PROPN
cblr-1726	221	86	woods	wood	NOUN
cblr-1726	221	87	system	system	NOUN
cblr-1726	221	88	of	of	ADP
cblr-1726	221	89	fixed	fix	VERB
cblr-1726	221	90	exchange	exchange	NOUN
cblr-1726	221	91	rates	rate	NOUN
cblr-1726	221	92	)	)	PUNCT
cblr-1726	221	93	;	;	PUNCT
cblr-1726	221	94	timothy	timothy	PROPN
cblr-1726	221	95	q.	q.	PROPN
cblr-1726	221	96	cook	cook	PROPN
cblr-1726	221	97	&	&	CCONJ
cblr-1726	221	98	jeremy	jeremy	PROPN
cblr-1726	221	99	g.	g.	PROPN
cblr-1726	221	100	duffield	duffield	PROPN
cblr-1726	221	101	,	,	PUNCT
cblr-1726	221	102	money	money	NOUN
cblr-1726	221	103	market	market	NOUN
cblr-1726	221	104	mutual	mutual	ADJ
cblr-1726	221	105	funds	fund	NOUN
cblr-1726	221	106	:	:	PUNCT
cblr-1726	221	107	a	a	DET
cblr-1726	221	108	reaction	reaction	NOUN
cblr-1726	221	109	to	to	ADP
cblr-1726	221	110	government	government	NOUN
cblr-1726	221	111	regulation	regulation	NOUN
cblr-1726	221	112	or	or	CCONJ
cblr-1726	221	113	a	a	DET
cblr-1726	221	114	lasting	last	VERB
cblr-1726	221	115	innovation	innovation	NOUN
cblr-1726	221	116	?	?	PUNCT
cblr-1726	221	117	,	,	PUNCT
cblr-1726	221	118	fed	fed	PROPN
cblr-1726	221	119	.	.	PUNCT
cblr-1726	222	1	res	res	PROPN
cblr-1726	222	2	.	.	PUNCT
cblr-1726	222	3	bank	bank	PROPN
cblr-1726	222	4	of	of	ADP
cblr-1726	222	5	richmond	richmond	PROPN
cblr-1726	222	6	econ	econ	PROPN
cblr-1726	222	7	.	.	PUNCT
cblr-1726	223	1	rev	rev	PROPN
cblr-1726	223	2	.	.	PROPN
cblr-1726	223	3	,	,	PUNCT
cblr-1726	223	4	july	july	PROPN
cblr-1726	223	5	/	/	SYM
cblr-1726	223	6	aug	aug	PROPN
cblr-1726	223	7	.	.	PROPN
cblr-1726	223	8	1979	1979	NUM
cblr-1726	223	9	,	,	PUNCT
cblr-1726	223	10	at	at	ADP
cblr-1726	223	11	15	15	NUM
cblr-1726	223	12	,	,	PUNCT
cblr-1726	223	13	27–29	27–29	NUM
cblr-1726	223	14	(	(	PUNCT
cblr-1726	223	15	describing	describe	VERB
cblr-1726	223	16	the	the	DET
cblr-1726	223	17	emergence	emergence	NOUN
cblr-1726	223	18	of	of	ADP
cblr-1726	223	19	money	money	NOUN
cblr-1726	223	20	market	market	NOUN
cblr-1726	223	21	funds	fund	NOUN
cblr-1726	223	22	in	in	ADP
cblr-1726	223	23	response	response	NOUN
cblr-1726	223	24	to	to	ADP
cblr-1726	223	25	the	the	DET
cblr-1726	223	26	constraints	constraint	NOUN
cblr-1726	223	27	imposed	impose	VERB
cblr-1726	223	28	under	under	ADP
cblr-1726	223	29	federal	federal	PROPN
cblr-1726	223	30	reserve	reserve	PROPN
cblr-1726	223	31	regulation	regulation	PROPN
cblr-1726	223	32	q	q	PROPN
cblr-1726	223	33	)	)	PUNCT
cblr-1726	223	34	.	.	PUNCT
cblr-1726	224	1	awrey	awrey	PROPN
cblr-1726	224	2	–	–	PUNCT
cblr-1726	224	3	final	final	ADJ
cblr-1726	224	4	no	no	NOUN
cblr-1726	224	5	.	.	PUNCT
cblr-1726	225	1	3:934	3:934	X
cblr-1726	225	2	]	]	X
cblr-1726	225	3	foreign	foreign	ADJ
cblr-1726	225	4	currency	currency	NOUN
cblr-1726	225	5	liquidity	liquidity	NOUN
cblr-1726	225	6	assistance	assistance	NOUN
cblr-1726	225	7	949	949	NUM
cblr-1726	225	8	mary	mary	PROPN
cblr-1726	225	9	impetus	impetus	NOUN
cblr-1726	225	10	for	for	ADP
cblr-1726	225	11	this	this	DET
cblr-1726	225	12	arbitrage	arbitrage	NOUN
cblr-1726	225	13	was	be	AUX
cblr-1726	225	14	the	the	DET
cblr-1726	225	15	impact	impact	NOUN
cblr-1726	225	16	of	of	ADP
cblr-1726	225	17	u.s	u.s	PROPN
cblr-1726	225	18	.	.	PROPN
cblr-1726	225	19	federal	federal	PROPN
cblr-1726	225	20	reserve	reserve	PROPN
cblr-1726	225	21	regulations	regulations	PROPN
cblr-1726	225	22	d	d	PROPN
cblr-1726	225	23	and	and	CCONJ
cblr-1726	225	24	q.31	q.31	ADJ
cblr-1726	225	25	regulation	regulation	NOUN
cblr-1726	225	26	d	d	NOUN
cblr-1726	225	27	establishes	establish	VERB
cblr-1726	225	28	a	a	DET
cblr-1726	225	29	minimum	minimum	ADJ
cblr-1726	225	30	fraction	fraction	NOUN
cblr-1726	225	31	of	of	ADP
cblr-1726	225	32	customer	customer	NOUN
cblr-1726	225	33	deposits	deposit	NOUN
cblr-1726	225	34	that	that	SCONJ
cblr-1726	225	35	federally	federally	ADV
cblr-1726	225	36	licensed	license	VERB
cblr-1726	225	37	banks	bank	NOUN
cblr-1726	225	38	are	be	AUX
cblr-1726	225	39	required	require	VERB
cblr-1726	225	40	to	to	PART
cblr-1726	225	41	hold	hold	VERB
cblr-1726	225	42	in	in	ADP
cblr-1726	225	43	the	the	DET
cblr-1726	225	44	form	form	NOUN
cblr-1726	225	45	of	of	ADP
cblr-1726	225	46	non	non	ADJ
cblr-1726	225	47	-	-	ADJ
cblr-1726	225	48	interest	interest	ADJ
cblr-1726	225	49	bearing	bear	VERB
cblr-1726	225	50	central	central	ADJ
cblr-1726	225	51	bank	bank	NOUN
cblr-1726	225	52	reserves.32	reserves.32	VERB
cblr-1726	225	53	these	these	DET
cblr-1726	225	54	reserve	reserve	NOUN
cblr-1726	225	55	requirements	requirement	NOUN
cblr-1726	225	56	thus	thus	ADV
cblr-1726	225	57	impose	impose	VERB
cblr-1726	225	58	a	a	DET
cblr-1726	225	59	constraint	constraint	NOUN
cblr-1726	225	60	on	on	ADP
cblr-1726	225	61	the	the	DET
cblr-1726	225	62	amount	amount	NOUN
cblr-1726	225	63	of	of	ADP
cblr-1726	225	64	deposit	deposit	NOUN
cblr-1726	225	65	funding	funding	NOUN
cblr-1726	225	66	that	that	PRON
cblr-1726	225	67	banks	bank	NOUN
cblr-1726	225	68	can	can	AUX
cblr-1726	225	69	use	use	VERB
cblr-1726	225	70	to	to	PART
cblr-1726	225	71	make	make	VERB
cblr-1726	225	72	loans	loan	NOUN
cblr-1726	225	73	and	and	CCONJ
cblr-1726	225	74	other	other	ADJ
cblr-1726	225	75	investments	investment	NOUN
cblr-1726	225	76	.	.	PUNCT
cblr-1726	226	1	before	before	ADP
cblr-1726	226	2	being	be	AUX
cblr-1726	226	3	phased	phase	VERB
cblr-1726	226	4	out	out	ADP
cblr-1726	226	5	in	in	ADP
cblr-1726	226	6	1986	1986	NUM
cblr-1726	226	7	(	(	PUNCT
cblr-1726	226	8	and	and	CCONJ
cblr-1726	226	9	ultimately	ultimately	ADV
cblr-1726	226	10	repealed	repeal	VERB
cblr-1726	226	11	in	in	ADP
cblr-1726	226	12	2011	2011	NUM
cblr-1726	226	13	)	)	PUNCT
cblr-1726	226	14	,	,	PUNCT
cblr-1726	226	15	regulation	regulation	NOUN
cblr-1726	226	16	q	q	PROPN
cblr-1726	226	17	prohibited	prohibit	VERB
cblr-1726	226	18	banks	bank	NOUN
cblr-1726	226	19	from	from	ADP
cblr-1726	226	20	paying	pay	VERB
cblr-1726	226	21	interest	interest	NOUN
cblr-1726	226	22	on	on	ADP
cblr-1726	226	23	demand	demand	NOUN
cblr-1726	226	24	deposits	deposit	NOUN
cblr-1726	226	25	and	and	CCONJ
cblr-1726	226	26	imposed	impose	VERB
cblr-1726	226	27	a	a	DET
cblr-1726	226	28	ceiling	ceiling	NOUN
cblr-1726	226	29	on	on	ADP
cblr-1726	226	30	the	the	DET
cblr-1726	226	31	interest	interest	NOUN
cblr-1726	226	32	rates	rate	NOUN
cblr-1726	226	33	that	that	PRON
cblr-1726	226	34	banks	bank	NOUN
cblr-1726	226	35	were	be	AUX
cblr-1726	226	36	permitted	permit	VERB
cblr-1726	226	37	to	to	PART
cblr-1726	226	38	pay	pay	VERB
cblr-1726	226	39	on	on	ADP
cblr-1726	226	40	time	time	NOUN
cblr-1726	226	41	deposits	deposit	NOUN
cblr-1726	226	42	and	and	CCONJ
cblr-1726	226	43	savings	saving	NOUN
cblr-1726	226	44	deposits.33	deposits.33	NOUN
cblr-1726	226	45	the	the	DET
cblr-1726	226	46	combined	combined	ADJ
cblr-1726	226	47	effect	effect	NOUN
cblr-1726	226	48	of	of	ADP
cblr-1726	226	49	regulations	regulation	NOUN
cblr-1726	226	50	d	d	PROPN
cblr-1726	226	51	and	and	CCONJ
cblr-1726	226	52	q	q	PROPN
cblr-1726	226	53	was	be	AUX
cblr-1726	226	54	to	to	PART
cblr-1726	226	55	undermine	undermine	VERB
cblr-1726	226	56	the	the	DET
cblr-1726	226	57	competitiveness	competitiveness	NOUN
cblr-1726	226	58	of	of	ADP
cblr-1726	226	59	u.s	u.s	PROPN
cblr-1726	226	60	.	.	PROPN
cblr-1726	226	61	banks	bank	NOUN
cblr-1726	226	62	in	in	ADP
cblr-1726	226	63	relation	relation	NOUN
cblr-1726	226	64	to	to	ADP
cblr-1726	226	65	their	their	PRON
cblr-1726	226	66	international	international	ADJ
cblr-1726	226	67	peers	peer	NOUN
cblr-1726	226	68	.	.	PUNCT
cblr-1726	227	1	where	where	SCONJ
cblr-1726	227	2	market	market	NOUN
cblr-1726	227	3	interest	interest	NOUN
cblr-1726	227	4	rates	rate	NOUN
cblr-1726	227	5	on	on	ADP
cblr-1726	227	6	deposits	deposit	NOUN
cblr-1726	227	7	exceeded	exceed	VERB
cblr-1726	227	8	the	the	DET
cblr-1726	227	9	ceiling	ceiling	NOUN
cblr-1726	227	10	under	under	ADP
cblr-1726	227	11	regulation	regulation	NOUN
cblr-1726	227	12	q	q	NOUN
cblr-1726	227	13	—	—	PUNCT
cblr-1726	227	14	as	as	SCONJ
cblr-1726	227	15	they	they	PRON
cblr-1726	227	16	did	do	VERB
cblr-1726	227	17	continuously	continuously	ADV
cblr-1726	227	18	between	between	ADP
cblr-1726	227	19	1966	1966	NUM
cblr-1726	227	20	and	and	CCONJ
cblr-1726	227	21	198634	198634	NUM
cblr-1726	227	22	—	—	PUNCT
cblr-1726	227	23	depositors	depositor	NOUN
cblr-1726	227	24	could	could	AUX
cblr-1726	227	25	shift	shift	VERB
cblr-1726	227	26	their	their	PRON
cblr-1726	227	27	savings	saving	NOUN
cblr-1726	227	28	to	to	ADP
cblr-1726	227	29	banks	bank	NOUN
cblr-1726	227	30	in	in	ADP
cblr-1726	227	31	countries	country	NOUN
cblr-1726	227	32	such	such	ADJ
cblr-1726	227	33	as	as	ADP
cblr-1726	227	34	the	the	DET
cblr-1726	227	35	united	united	ADJ
cblr-1726	227	36	king	king	PROPN
cblr-1726	227	37	31	31	NUM
cblr-1726	227	38	for	for	ADP
cblr-1726	227	39	early	early	ADJ
cblr-1726	227	40	work	work	NOUN
cblr-1726	227	41	examining	examine	VERB
cblr-1726	227	42	this	this	DET
cblr-1726	227	43	impact	impact	NOUN
cblr-1726	227	44	,	,	PUNCT
cblr-1726	227	45	see	see	VERB
cblr-1726	227	46	mckinnon	mckinnon	PROPN
cblr-1726	227	47	,	,	PUNCT
cblr-1726	227	48	supra	supra	PROPN
cblr-1726	227	49	note	note	PROPN
cblr-1726	227	50	28	28	NUM
cblr-1726	227	51	,	,	PUNCT
cblr-1726	227	52	at	at	ADP
cblr-1726	227	53	5–10	5–10	ADJ
cblr-1726	227	54	;	;	PUNCT
cblr-1726	227	55	friedman	friedman	PROPN
cblr-1726	227	56	,	,	PUNCT
cblr-1726	227	57	supra	supra	PROPN
cblr-1726	227	58	note	note	PROPN
cblr-1726	227	59	25	25	NUM
cblr-1726	227	60	,	,	PUNCT
cblr-1726	227	61	at	at	ADP
cblr-1726	227	62	17–18	17–18	NUM
cblr-1726	227	63	,	,	PUNCT
cblr-1726	227	64	24	24	NUM
cblr-1726	227	65	;	;	PUNCT
cblr-1726	227	66	lawrence	lawrence	PROPN
cblr-1726	227	67	l.	l.	PROPN
cblr-1726	227	68	kreicher	kreicher	PROPN
cblr-1726	227	69	,	,	PUNCT
cblr-1726	227	70	eurodollar	eurodollar	PROPN
cblr-1726	227	71	arbitrage	arbitrage	PROPN
cblr-1726	227	72	,	,	PUNCT
cblr-1726	227	73	fed	fed	PROPN
cblr-1726	227	74	.	.	PUNCT
cblr-1726	228	1	res	res	PROPN
cblr-1726	228	2	.	.	PUNCT
cblr-1726	228	3	bank	bank	PROPN
cblr-1726	228	4	of	of	ADP
cblr-1726	228	5	n.y	n.y	PROPN
cblr-1726	228	6	.	.	PROPN
cblr-1726	228	7	q.	q.	PROPN
cblr-1726	228	8	rev	rev	PROPN
cblr-1726	228	9	.	.	PROPN
cblr-1726	228	10	,	,	PUNCT
cblr-1726	228	11	summer	summer	NOUN
cblr-1726	228	12	1982	1982	NUM
cblr-1726	228	13	,	,	PUNCT
cblr-1726	228	14	at	at	ADP
cblr-1726	228	15	10	10	NUM
cblr-1726	228	16	.	.	PUNCT
cblr-1726	229	1	secondary	secondary	ADJ
cblr-1726	229	2	drivers	driver	NOUN
cblr-1726	229	3	of	of	ADP
cblr-1726	229	4	this	this	DET
cblr-1726	229	5	arbitrage	arbitrage	NOUN
cblr-1726	229	6	were	be	AUX
cblr-1726	229	7	the	the	DET
cblr-1726	229	8	direct	direct	ADJ
cblr-1726	229	9	and	and	CCONJ
cblr-1726	229	10	indirect	indirect	ADJ
cblr-1726	229	11	capital	capital	NOUN
cblr-1726	229	12	controls	control	NOUN
cblr-1726	229	13	imposed	impose	VERB
cblr-1726	229	14	under	under	ADP
cblr-1726	229	15	the	the	DET
cblr-1726	229	16	bretton	bretton	PROPN
cblr-1726	229	17	woods	wood	NOUN
cblr-1726	229	18	monetary	monetary	ADJ
cblr-1726	229	19	and	and	CCONJ
cblr-1726	229	20	exchange	exchange	NOUN
cblr-1726	229	21	rate	rate	NOUN
cblr-1726	229	22	framework	framework	NOUN
cblr-1726	229	23	.	.	PUNCT
cblr-1726	230	1	mckinnon	mckinnon	PROPN
cblr-1726	230	2	,	,	PUNCT
cblr-1726	230	3	supra	supra	PROPN
cblr-1726	230	4	note	note	PROPN
cblr-1726	230	5	28	28	NUM
cblr-1726	230	6	,	,	PUNCT
cblr-1726	230	7	at	at	ADP
cblr-1726	230	8	8	8	NUM
cblr-1726	230	9	;	;	PUNCT
cblr-1726	230	10	friedman	friedman	PROPN
cblr-1726	230	11	,	,	PUNCT
cblr-1726	230	12	supra	supra	PROPN
cblr-1726	230	13	note	note	PROPN
cblr-1726	230	14	25	25	NUM
cblr-1726	230	15	,	,	PUNCT
cblr-1726	230	16	at	at	ADP
cblr-1726	230	17	17–18	17–18	NUM
cblr-1726	230	18	.	.	PUNCT
cblr-1726	231	1	the	the	DET
cblr-1726	231	2	desire	desire	NOUN
cblr-1726	231	3	of	of	ADP
cblr-1726	231	4	market	market	NOUN
cblr-1726	231	5	participants	participant	NOUN
cblr-1726	231	6	in	in	ADP
cblr-1726	231	7	some	some	DET
cblr-1726	231	8	jurisdictions	jurisdiction	NOUN
cblr-1726	231	9	—	—	PUNCT
cblr-1726	231	10	perhaps	perhaps	ADV
cblr-1726	231	11	most	most	ADV
cblr-1726	231	12	notably	notably	ADV
cblr-1726	231	13	the	the	DET
cblr-1726	231	14	former	former	ADJ
cblr-1726	231	15	soviet	soviet	PROPN
cblr-1726	231	16	union	union	NOUN
cblr-1726	231	17	—	—	PUNCT
cblr-1726	231	18	to	to	PART
cblr-1726	231	19	hold	hold	VERB
cblr-1726	231	20	u.s	u.s	PROPN
cblr-1726	231	21	.	.	PROPN
cblr-1726	231	22	dollars	dollar	NOUN
cblr-1726	231	23	outside	outside	ADP
cblr-1726	231	24	the	the	DET
cblr-1726	231	25	united	united	PROPN
cblr-1726	231	26	states	states	PROPN
cblr-1726	231	27	in	in	ADP
cblr-1726	231	28	order	order	NOUN
cblr-1726	231	29	to	to	PART
cblr-1726	231	30	avoid	avoid	VERB
cblr-1726	231	31	potential	potential	ADJ
cblr-1726	231	32	seizure	seizure	NOUN
cblr-1726	231	33	also	also	ADV
cblr-1726	231	34	likely	likely	ADV
cblr-1726	231	35	contributed	contribute	VERB
cblr-1726	231	36	to	to	ADP
cblr-1726	231	37	early	early	ADJ
cblr-1726	231	38	demand	demand	NOUN
cblr-1726	231	39	for	for	ADP
cblr-1726	231	40	eurodollar	eurodollar	ADJ
cblr-1726	231	41	deposits	deposit	NOUN
cblr-1726	231	42	.	.	PUNCT
cblr-1726	232	1	see	see	VERB
cblr-1726	232	2	paul	paul	PROPN
cblr-1726	232	3	einzig	einzig	PROPN
cblr-1726	232	4	,	,	PUNCT
cblr-1726	232	5	the	the	DET
cblr-1726	232	6	euro	euro	ADJ
cblr-1726	232	7	-	-	PUNCT
cblr-1726	232	8	dollar	dollar	NOUN
cblr-1726	232	9	system	system	NOUN
cblr-1726	232	10	30	30	NUM
cblr-1726	232	11	(	(	PUNCT
cblr-1726	232	12	5th	5th	ADJ
cblr-1726	232	13	ed	ed	NOUN
cblr-1726	232	14	.	.	PROPN
cblr-1726	232	15	1973	1973	NUM
cblr-1726	232	16	)	)	PUNCT
cblr-1726	232	17	.	.	PUNCT
cblr-1726	233	1	32	32	NUM
cblr-1726	233	2	see	see	VERB
cblr-1726	233	3	reserve	reserve	NOUN
cblr-1726	233	4	requirements	requirement	NOUN
cblr-1726	233	5	of	of	ADP
cblr-1726	233	6	depositary	depositary	ADJ
cblr-1726	233	7	institutions	institution	NOUN
cblr-1726	233	8	(	(	PUNCT
cblr-1726	233	9	regulation	regulation	NOUN
cblr-1726	233	10	d	d	NOUN
cblr-1726	233	11	)	)	PUNCT
cblr-1726	233	12	,	,	PUNCT
cblr-1726	233	13	12	12	NUM
cblr-1726	233	14	c.f.r	c.f.r	NOUN
cblr-1726	233	15	.	.	PUNCT
cblr-1726	234	1	§	§	PROPN
cblr-1726	234	2	204	204	NUM
cblr-1726	234	3	(	(	PUNCT
cblr-1726	234	4	2012	2012	NUM
cblr-1726	234	5	)	)	PUNCT
cblr-1726	234	6	.	.	PUNCT
cblr-1726	235	1	today	today	NOUN
cblr-1726	235	2	,	,	PUNCT
cblr-1726	235	3	regulation	regulation	NOUN
cblr-1726	235	4	d	d	PROPN
cblr-1726	235	5	also	also	ADV
cblr-1726	235	6	applies	apply	VERB
cblr-1726	235	7	to	to	ADP
cblr-1726	235	8	“	"	PUNCT
cblr-1726	235	9	euro	euro	ADJ
cblr-1726	235	10	-	-	PUNCT
cblr-1726	235	11	currency	currency	NOUN
cblr-1726	235	12	”	"	PUNCT
cblr-1726	235	13	liabilities	liability	NOUN
cblr-1726	235	14	of	of	ADP
cblr-1726	235	15	federally	federally	ADV
cblr-1726	235	16	licensed	licensed	ADJ
cblr-1726	235	17	banks	bank	NOUN
cblr-1726	235	18	.	.	PUNCT
cblr-1726	236	1	i	i	PRON
cblr-1726	236	2	d.	d.	PROPN
cblr-1726	236	3	33	33	NUM
cblr-1726	236	4	see	see	VERB
cblr-1726	236	5	payment	payment	NOUN
cblr-1726	236	6	of	of	ADP
cblr-1726	236	7	interest	interest	NOUN
cblr-1726	236	8	on	on	ADP
cblr-1726	236	9	demand	demand	NOUN
cblr-1726	236	10	deposits	deposit	NOUN
cblr-1726	236	11	,	,	PUNCT
cblr-1726	236	12	12	12	NUM
cblr-1726	236	13	u.s.c	u.s.c	ADJ
cblr-1726	236	14	.	.	PUNCT
cblr-1726	237	1	§	§	PROPN
cblr-1726	237	2	371(a	371(a	PROPN
cblr-1726	237	3	)	)	PUNCT
cblr-1726	237	4	(	(	PUNCT
cblr-1726	237	5	1979	1979	NUM
cblr-1726	237	6	)	)	PUNCT
cblr-1726	237	7	(	(	PUNCT
cblr-1726	237	8	repealed	repeal	VERB
cblr-1726	237	9	2011	2011	NUM
cblr-1726	237	10	)	)	PUNCT
cblr-1726	237	11	.	.	PUNCT
cblr-1726	238	1	see	see	VERB
cblr-1726	238	2	also	also	ADV
cblr-1726	238	3	76	76	NUM
cblr-1726	238	4	fed	feed	VERB
cblr-1726	238	5	.	.	PUNCT
cblr-1726	239	1	reg	reg	PROPN
cblr-1726	239	2	.	.	PUNCT
cblr-1726	240	1	42015	42015	NUM
cblr-1726	240	2	(	(	PUNCT
cblr-1726	240	3	july	july	PROPN
cblr-1726	240	4	18	18	NUM
cblr-1726	240	5	,	,	PUNCT
cblr-1726	240	6	2011	2011	NUM
cblr-1726	240	7	)	)	PUNCT
cblr-1726	240	8	(	(	PUNCT
cblr-1726	240	9	repealing	repeal	VERB
cblr-1726	240	10	regulation	regulation	NOUN
cblr-1726	240	11	q	q	NOUN
cblr-1726	240	12	effective	effective	ADJ
cblr-1726	240	13	july	july	PROPN
cblr-1726	240	14	21	21	NUM
cblr-1726	240	15	,	,	PUNCT
cblr-1726	240	16	2011	2011	NUM
cblr-1726	240	17	)	)	PUNCT
cblr-1726	240	18	.	.	PUNCT
cblr-1726	241	1	34	34	NUM
cblr-1726	241	2	see	see	VERB
cblr-1726	241	3	r.	r.	PROPN
cblr-1726	241	4	alton	alton	PROPN
cblr-1726	241	5	gilbert	gilbert	PROPN
cblr-1726	241	6	,	,	PUNCT
cblr-1726	241	7	requiem	requiem	NOUN
cblr-1726	241	8	for	for	ADP
cblr-1726	241	9	regulation	regulation	NOUN
cblr-1726	241	10	q	q	NOUN
cblr-1726	241	11	:	:	PUNCT
cblr-1726	241	12	what	what	PRON
cblr-1726	241	13	it	it	PRON
cblr-1726	241	14	did	do	VERB
cblr-1726	241	15	and	and	CCONJ
cblr-1726	241	16	why	why	SCONJ
cblr-1726	241	17	it	it	PRON
cblr-1726	241	18	passed	pass	VERB
cblr-1726	241	19	away	away	ADV
cblr-1726	241	20	,	,	PUNCT
cblr-1726	241	21	fed	fed	PROPN
cblr-1726	241	22	.	.	PUNCT
cblr-1726	242	1	res	res	PROPN
cblr-1726	242	2	.	.	PUNCT
cblr-1726	242	3	bank	bank	PROPN
cblr-1726	242	4	of	of	ADP
cblr-1726	242	5	st	st	PROPN
cblr-1726	242	6	.	.	PROPN
cblr-1726	242	7	louis	louis	PROPN
cblr-1726	242	8	rev	rev	PROPN
cblr-1726	242	9	.	.	PROPN
cblr-1726	242	10	,	,	PUNCT
cblr-1726	242	11	feb	feb	PROPN
cblr-1726	242	12	.	.	PROPN
cblr-1726	242	13	1986	1986	NUM
cblr-1726	242	14	,	,	PUNCT
cblr-1726	242	15	at	at	ADP
cblr-1726	242	16	22	22	NUM
cblr-1726	242	17	,	,	PUNCT
cblr-1726	242	18	29	29	NUM
cblr-1726	242	19	.	.	PUNCT
cblr-1726	243	1	awrey	awrey	PROPN
cblr-1726	243	2	–	–	PUNCT
cblr-1726	243	3	final	final	ADJ
cblr-1726	243	4	950	950	NUM
cblr-1726	243	5	columbia	columbia	PROPN
cblr-1726	243	6	business	business	NOUN
cblr-1726	243	7	law	law	PROPN
cblr-1726	243	8	review	review	NOUN
cblr-1726	243	9	[	[	X
cblr-1726	243	10	vol	vol	NOUN
cblr-1726	243	11	.	.	NOUN
cblr-1726	243	12	2017	2017	NUM
cblr-1726	243	13	dom	dom	NOUN
cblr-1726	243	14	that	that	PRON
cblr-1726	243	15	adopted	adopt	VERB
cblr-1726	243	16	a	a	DET
cblr-1726	243	17	more	more	ADV
cblr-1726	243	18	laissez	laissez	NOUN
cblr-1726	243	19	faire	faire	X
cblr-1726	243	20	approach	approach	NOUN
cblr-1726	243	21	toward	toward	ADP
cblr-1726	243	22	interest	interest	NOUN
cblr-1726	243	23	rates.35	rates.35	NOUN
cblr-1726	243	24	similarly	similarly	ADV
cblr-1726	243	25	,	,	PUNCT
cblr-1726	243	26	insofar	insofar	ADV
cblr-1726	243	27	as	as	SCONJ
cblr-1726	243	28	the	the	DET
cblr-1726	243	29	fed	fed	PROPN
cblr-1726	243	30	’s	’s	PART
cblr-1726	243	31	reserve	reserve	PROPN
cblr-1726	243	32	requirements	requirement	NOUN
cblr-1726	243	33	were	be	AUX
cblr-1726	243	34	more	more	ADV
cblr-1726	243	35	onerous	onerous	ADJ
cblr-1726	243	36	than	than	ADP
cblr-1726	243	37	those	those	PRON
cblr-1726	243	38	imposed	impose	VERB
cblr-1726	243	39	on	on	ADP
cblr-1726	243	40	u.s	u.s	PROPN
cblr-1726	243	41	.	.	PROPN
cblr-1726	243	42	dollar	dollar	NOUN
cblr-1726	243	43	deposits	deposit	NOUN
cblr-1726	243	44	in	in	ADP
cblr-1726	243	45	other	other	ADJ
cblr-1726	243	46	countries	country	NOUN
cblr-1726	243	47	,	,	PUNCT
cblr-1726	243	48	borrowers	borrower	NOUN
cblr-1726	243	49	in	in	ADP
cblr-1726	243	50	the	the	DET
cblr-1726	243	51	united	united	PROPN
cblr-1726	243	52	states	states	PROPN
cblr-1726	243	53	could	could	AUX
cblr-1726	243	54	often	often	ADV
cblr-1726	243	55	lower	lower	VERB
cblr-1726	243	56	their	their	PRON
cblr-1726	243	57	cost	cost	NOUN
cblr-1726	243	58	of	of	ADP
cblr-1726	243	59	capital	capital	NOUN
cblr-1726	243	60	by	by	ADP
cblr-1726	243	61	borrowing	borrow	VERB
cblr-1726	243	62	u.s	u.s	PROPN
cblr-1726	243	63	.	.	PROPN
cblr-1726	243	64	dollars	dollar	NOUN
cblr-1726	243	65	from	from	ADP
cblr-1726	243	66	foreign	foreign	ADJ
cblr-1726	243	67	banks.36	banks.36	NOUN
cblr-1726	243	68	the	the	DET
cblr-1726	243	69	extension	extension	NOUN
cblr-1726	243	70	of	of	ADP
cblr-1726	243	71	these	these	DET
cblr-1726	243	72	loans	loan	NOUN
cblr-1726	243	73	would	would	AUX
cblr-1726	243	74	then	then	ADV
cblr-1726	243	75	create	create	VERB
cblr-1726	243	76	new	new	ADJ
cblr-1726	243	77	eurodollar	eurodollar	PROPN
cblr-1726	243	78	deposits.37	deposits.37	NOUN
cblr-1726	243	79	predictably	predictably	ADV
cblr-1726	243	80	,	,	PUNCT
cblr-1726	243	81	the	the	DET
cblr-1726	243	82	competitive	competitive	ADJ
cblr-1726	243	83	distortions	distortion	NOUN
cblr-1726	243	84	created	create	VERB
cblr-1726	243	85	by	by	ADP
cblr-1726	243	86	these	these	DET
cblr-1726	243	87	differences	difference	NOUN
cblr-1726	243	88	in	in	ADP
cblr-1726	243	89	regulatory	regulatory	ADJ
cblr-1726	243	90	treatment	treatment	NOUN
cblr-1726	243	91	precipitated	precipitate	VERB
cblr-1726	243	92	a	a	DET
cblr-1726	243	93	shift	shift	NOUN
cblr-1726	243	94	in	in	ADP
cblr-1726	243	95	u.s	u.s	PROPN
cblr-1726	243	96	.	.	PROPN
cblr-1726	243	97	dollar	dollar	NOUN
cblr-1726	243	98	deposits	deposit	NOUN
cblr-1726	243	99	and	and	CCONJ
cblr-1726	243	100	loans	loan	NOUN
cblr-1726	243	101	from	from	ADP
cblr-1726	243	102	banks	bank	NOUN
cblr-1726	243	103	in	in	ADP
cblr-1726	243	104	the	the	DET
cblr-1726	243	105	united	united	PROPN
cblr-1726	243	106	states	states	PROPN
cblr-1726	243	107	to	to	ADP
cblr-1726	243	108	those	those	PRON
cblr-1726	243	109	in	in	ADP
cblr-1726	243	110	the	the	DET
cblr-1726	243	111	united	united	ADJ
cblr-1726	243	112	kingdom	kingdom	PROPN
cblr-1726	243	113	,	,	PUNCT
cblr-1726	243	114	europe	europe	PROPN
cblr-1726	243	115	,	,	PUNCT
cblr-1726	243	116	and	and	CCONJ
cblr-1726	243	117	elsewhere	elsewhere	ADV
cblr-1726	243	118	.	.	PUNCT
cblr-1726	244	1	given	give	VERB
cblr-1726	244	2	its	its	PRON
cblr-1726	244	3	origins	origin	NOUN
cblr-1726	244	4	,	,	PUNCT
cblr-1726	244	5	there	there	PRON
cblr-1726	244	6	is	be	VERB
cblr-1726	244	7	a	a	DET
cblr-1726	244	8	tendency	tendency	NOUN
cblr-1726	244	9	to	to	PART
cblr-1726	244	10	view	view	VERB
cblr-1726	244	11	the	the	DET
cblr-1726	244	12	eurodollar	eurodollar	ADJ
cblr-1726	244	13	market	market	NOUN
cblr-1726	244	14	purely	purely	ADV
cblr-1726	244	15	as	as	ADP
cblr-1726	244	16	a	a	DET
cblr-1726	244	17	creature	creature	NOUN
cblr-1726	244	18	of	of	ADP
cblr-1726	244	19	regulatory	regulatory	ADJ
cblr-1726	244	20	arbitrage	arbitrage	NOUN
cblr-1726	244	21	.	.	PUNCT
cblr-1726	245	1	today	today	NOUN
cblr-1726	245	2	,	,	PUNCT
cblr-1726	245	3	however	however	ADV
cblr-1726	245	4	,	,	PUNCT
cblr-1726	245	5	banks	bank	NOUN
cblr-1726	245	6	and	and	CCONJ
cblr-1726	245	7	other	other	ADJ
cblr-1726	245	8	financial	financial	ADJ
cblr-1726	245	9	institutions	institution	NOUN
cblr-1726	245	10	issue	issue	VERB
cblr-1726	245	11	eurodollar	eurodollar	ADJ
cblr-1726	245	12	liabilities	liability	NOUN
cblr-1726	245	13	for	for	ADP
cblr-1726	245	14	a	a	DET
cblr-1726	245	15	variety	variety	NOUN
cblr-1726	245	16	of	of	ADP
cblr-1726	245	17	different	different	ADJ
cblr-1726	245	18	reasons	reason	NOUN
cblr-1726	245	19	.	.	PUNCT
cblr-1726	246	1	many	many	ADJ
cblr-1726	246	2	of	of	ADP
cblr-1726	246	3	these	these	DET
cblr-1726	246	4	reasons	reason	NOUN
cblr-1726	246	5	reflect	reflect	VERB
cblr-1726	246	6	the	the	DET
cblr-1726	246	7	day	day	NOUN
cblr-1726	246	8	-	-	PUNCT
cblr-1726	246	9	to	to	ADP
cblr-1726	246	10	-	-	PUNCT
cblr-1726	246	11	day	day	NOUN
cblr-1726	246	12	needs	need	NOUN
cblr-1726	246	13	of	of	ADP
cblr-1726	246	14	commercial	commercial	ADJ
cblr-1726	246	15	firms	firm	NOUN
cblr-1726	246	16	operating	operate	VERB
cblr-1726	246	17	within	within	ADP
cblr-1726	246	18	the	the	DET
cblr-1726	246	19	global	global	ADJ
cblr-1726	246	20	economy	economy	NOUN
cblr-1726	246	21	.	.	PUNCT
cblr-1726	247	1	these	these	DET
cblr-1726	247	2	firms	firm	NOUN
cblr-1726	247	3	make	make	VERB
cblr-1726	247	4	and	and	CCONJ
cblr-1726	247	5	receive	receive	VERB
cblr-1726	247	6	payments	payment	NOUN
cblr-1726	247	7	in	in	ADP
cblr-1726	247	8	foreign	foreign	ADJ
cblr-1726	247	9	currencies	currency	NOUN
cblr-1726	247	10	in	in	ADP
cblr-1726	247	11	the	the	DET
cblr-1726	247	12	normal	normal	ADJ
cblr-1726	247	13	course	course	NOUN
cblr-1726	247	14	of	of	ADP
cblr-1726	247	15	business	business	NOUN
cblr-1726	247	16	.	.	PUNCT
cblr-1726	248	1	when	when	SCONJ
cblr-1726	248	2	apple	apple	PROPN
cblr-1726	248	3	inc	inc	PROPN
cblr-1726	248	4	.	.	PROPN
cblr-1726	248	5	purchases	purchase	VERB
cblr-1726	248	6	camera	camera	NOUN
cblr-1726	248	7	components	component	NOUN
cblr-1726	248	8	from	from	ADP
cblr-1726	248	9	sony	sony	PROPN
cblr-1726	248	10	for	for	ADP
cblr-1726	248	11	use	use	NOUN
cblr-1726	248	12	in	in	ADP
cblr-1726	248	13	the	the	DET
cblr-1726	248	14	iphone	iphone	NOUN
cblr-1726	248	15	7	7	NUM
cblr-1726	248	16	,	,	PUNCT
cblr-1726	248	17	for	for	ADP
cblr-1726	248	18	example	example	NOUN
cblr-1726	248	19	,	,	PUNCT
cblr-1726	248	20	it	it	PRON
cblr-1726	248	21	might	might	AUX
cblr-1726	248	22	pay	pay	VERB
cblr-1726	248	23	sony	sony	PROPN
cblr-1726	248	24	in	in	ADP
cblr-1726	248	25	japanese	japanese	ADJ
cblr-1726	248	26	yen.38	yen.38	NOUN
cblr-1726	248	27	when	when	SCONJ
cblr-1726	248	28	apple	apple	PROPN
cblr-1726	248	29	then	then	ADV
cblr-1726	248	30	sells	sell	VERB
cblr-1726	248	31	the	the	DET
cblr-1726	248	32	fully	fully	ADV
cblr-1726	248	33	as	as	ADP
cblr-1726	248	34	35	35	NUM
cblr-1726	248	35	see	see	NOUN
cblr-1726	248	36	mckinnon	mckinnon	PROPN
cblr-1726	248	37	,	,	PUNCT
cblr-1726	248	38	supra	supra	PROPN
cblr-1726	248	39	note	note	PROPN
cblr-1726	248	40	28	28	NUM
cblr-1726	248	41	,	,	PUNCT
cblr-1726	248	42	at	at	ADP
cblr-1726	248	43	2	2	NUM
cblr-1726	248	44	,	,	PUNCT
cblr-1726	248	45	5–10	5–10	ADJ
cblr-1726	248	46	;	;	PUNCT
cblr-1726	248	47	friedman	friedman	PROPN
cblr-1726	248	48	,	,	PUNCT
cblr-1726	248	49	supra	supra	PROPN
cblr-1726	248	50	note	note	PROPN
cblr-1726	248	51	25	25	NUM
cblr-1726	248	52	,	,	PUNCT
cblr-1726	248	53	at	at	ADP
cblr-1726	248	54	17–18	17–18	NUM
cblr-1726	248	55	.	.	PUNCT
cblr-1726	249	1	see	see	VERB
cblr-1726	249	2	also	also	ADV
cblr-1726	249	3	catherine	catherine	PROPN
cblr-1726	249	4	r.	r.	PROPN
cblr-1726	249	5	schenk	schenk	PROPN
cblr-1726	249	6	,	,	PUNCT
cblr-1726	249	7	the	the	DET
cblr-1726	249	8	origins	origin	NOUN
cblr-1726	249	9	of	of	ADP
cblr-1726	249	10	the	the	DET
cblr-1726	249	11	eurodollar	eurodollar	PROPN
cblr-1726	249	12	market	market	NOUN
cblr-1726	249	13	in	in	ADP
cblr-1726	249	14	london	london	PROPN
cblr-1726	249	15	:	:	PUNCT
cblr-1726	249	16	1955–1963	1955–1963	NUM
cblr-1726	249	17	,	,	PUNCT
cblr-1726	249	18	35	35	NUM
cblr-1726	249	19	expls	expls	NOUN
cblr-1726	249	20	.	.	PUNCT
cblr-1726	250	1	in	in	ADP
cblr-1726	250	2	econ	econ	PROPN
cblr-1726	250	3	.	.	PUNCT
cblr-1726	251	1	hist	hist	PROPN
cblr-1726	251	2	.	.	PUNCT
cblr-1726	252	1	221	221	NUM
cblr-1726	252	2	(	(	PUNCT
cblr-1726	252	3	1998	1998	NUM
cblr-1726	252	4	)	)	PUNCT
cblr-1726	252	5	36	36	NUM
cblr-1726	252	6	see	see	VERB
cblr-1726	252	7	dong	dong	PROPN
cblr-1726	252	8	he	he	PRON
cblr-1726	252	9	&	&	CCONJ
cblr-1726	252	10	robert	robert	PROPN
cblr-1726	252	11	n.	n.	PROPN
cblr-1726	252	12	mccauley	mccauley	PROPN
cblr-1726	252	13	,	,	PUNCT
cblr-1726	252	14	offshore	offshore	ADJ
cblr-1726	252	15	markets	market	NOUN
cblr-1726	252	16	for	for	ADP
cblr-1726	252	17	the	the	DET
cblr-1726	252	18	domestic	domestic	ADJ
cblr-1726	252	19	currency	currency	NOUN
cblr-1726	252	20	:	:	PUNCT
cblr-1726	252	21	monetary	monetary	ADJ
cblr-1726	252	22	and	and	CCONJ
cblr-1726	252	23	financial	financial	ADJ
cblr-1726	252	24	stability	stability	NOUN
cblr-1726	252	25	issues	issue	NOUN
cblr-1726	252	26	14	14	NUM
cblr-1726	252	27	(	(	PUNCT
cblr-1726	252	28	bank	bank	NOUN
cblr-1726	252	29	for	for	ADP
cblr-1726	252	30	int’l	int’l	NUM
cblr-1726	252	31	settlements	settlement	NOUN
cblr-1726	252	32	,	,	PUNCT
cblr-1726	252	33	working	work	VERB
cblr-1726	252	34	paper	paper	NOUN
cblr-1726	252	35	no	no	NOUN
cblr-1726	252	36	.	.	PROPN
cblr-1726	252	37	320	320	NUM
cblr-1726	252	38	,	,	PUNCT
cblr-1726	252	39	2010	2010	NUM
cblr-1726	252	40	)	)	PUNCT
cblr-1726	252	41	(	(	PUNCT
cblr-1726	252	42	citing	cite	VERB
cblr-1726	252	43	robert	robert	PROPN
cblr-1726	252	44	n.	n.	PROPN
cblr-1726	252	45	mccauley	mccauley	PROPN
cblr-1726	252	46	&	&	CCONJ
cblr-1726	252	47	rama	rama	PROPN
cblr-1726	252	48	seth	seth	PROPN
cblr-1726	252	49	,	,	PUNCT
cblr-1726	252	50	foreign	foreign	ADJ
cblr-1726	252	51	bank	bank	NOUN
cblr-1726	252	52	credit	credit	NOUN
cblr-1726	252	53	to	to	ADP
cblr-1726	252	54	u.s	u.s	PROPN
cblr-1726	252	55	.	.	PROPN
cblr-1726	252	56	corporations	corporation	NOUN
cblr-1726	252	57	:	:	PUNCT
cblr-1726	252	58	the	the	DET
cblr-1726	252	59	implications	implication	NOUN
cblr-1726	252	60	of	of	ADP
cblr-1726	252	61	offshore	offshore	ADJ
cblr-1726	252	62	loans	loan	NOUN
cblr-1726	252	63	,	,	PUNCT
cblr-1726	252	64	17	17	NUM
cblr-1726	252	65	fed	feed	VERB
cblr-1726	252	66	.	.	PUNCT
cblr-1726	253	1	res	re	NOUN
cblr-1726	253	2	.	.	PUNCT
cblr-1726	253	3	bank	bank	PROPN
cblr-1726	253	4	of	of	ADP
cblr-1726	253	5	n.y	n.y	PROPN
cblr-1726	253	6	.	.	PROPN
cblr-1726	253	7	q.	q.	PROPN
cblr-1726	253	8	rev	rev	PROPN
cblr-1726	253	9	.	.	PROPN
cblr-1726	253	10	,	,	PUNCT
cblr-1726	253	11	spring	spring	NOUN
cblr-1726	253	12	1992	1992	NUM
cblr-1726	253	13	,	,	PUNCT
cblr-1726	253	14	at	at	ADP
cblr-1726	253	15	52	52	NUM
cblr-1726	253	16	)	)	PUNCT
cblr-1726	253	17	.	.	PUNCT
cblr-1726	254	1	37	37	NUM
cblr-1726	254	2	while	while	SCONJ
cblr-1726	254	3	the	the	DET
cblr-1726	254	4	reason	reason	NOUN
cblr-1726	254	5	for	for	ADP
cblr-1726	254	6	this	this	PRON
cblr-1726	254	7	may	may	AUX
cblr-1726	254	8	not	not	PART
cblr-1726	254	9	seem	seem	VERB
cblr-1726	254	10	immediately	immediately	ADV
cblr-1726	254	11	obvious	obvious	ADJ
cblr-1726	254	12	to	to	ADP
cblr-1726	254	13	the	the	DET
cblr-1726	254	14	casual	casual	ADJ
cblr-1726	254	15	observer	observer	NOUN
cblr-1726	254	16	,	,	PUNCT
cblr-1726	254	17	it	it	PRON
cblr-1726	254	18	is	be	AUX
cblr-1726	254	19	sufficient	sufficient	ADJ
cblr-1726	254	20	for	for	SCONJ
cblr-1726	254	21	the	the	DET
cblr-1726	254	22	present	present	ADJ
cblr-1726	254	23	purposes	purpose	NOUN
cblr-1726	254	24	simply	simply	ADV
cblr-1726	254	25	to	to	PART
cblr-1726	254	26	observe	observe	VERB
cblr-1726	254	27	that	that	SCONJ
cblr-1726	254	28	the	the	DET
cblr-1726	254	29	extension	extension	NOUN
cblr-1726	254	30	of	of	ADP
cblr-1726	254	31	bank	bank	NOUN
cblr-1726	254	32	loans	loan	NOUN
cblr-1726	254	33	typically	typically	ADV
cblr-1726	254	34	involves	involve	VERB
cblr-1726	254	35	crediting	credit	VERB
cblr-1726	254	36	the	the	DET
cblr-1726	254	37	borrower	borrower	NOUN
cblr-1726	254	38	’s	’s	PART
cblr-1726	254	39	account	account	NOUN
cblr-1726	254	40	with	with	ADP
cblr-1726	254	41	the	the	DET
cblr-1726	254	42	bank	bank	NOUN
cblr-1726	254	43	.	.	PUNCT
cblr-1726	255	1	in	in	ADP
cblr-1726	255	2	this	this	DET
cblr-1726	255	3	way	way	NOUN
cblr-1726	255	4	,	,	PUNCT
cblr-1726	255	5	new	new	ADJ
cblr-1726	255	6	loans	loan	NOUN
cblr-1726	255	7	serve	serve	VERB
cblr-1726	255	8	to	to	PART
cblr-1726	255	9	create	create	VERB
cblr-1726	255	10	new	new	ADJ
cblr-1726	255	11	deposit	deposit	NOUN
cblr-1726	255	12	liabilities	liability	NOUN
cblr-1726	255	13	.	.	PUNCT
cblr-1726	256	1	for	for	ADP
cblr-1726	256	2	a	a	DET
cblr-1726	256	3	more	more	ADV
cblr-1726	256	4	detailed	detailed	ADJ
cblr-1726	256	5	description	description	NOUN
cblr-1726	256	6	,	,	PUNCT
cblr-1726	256	7	see	see	VERB
cblr-1726	256	8	michael	michael	PROPN
cblr-1726	256	9	mcleay	mcleay	PROPN
cblr-1726	256	10	et	et	PROPN
cblr-1726	256	11	al	al	PROPN
cblr-1726	256	12	.	.	PROPN
cblr-1726	256	13	,	,	PUNCT
cblr-1726	256	14	bank	bank	PROPN
cblr-1726	256	15	of	of	ADP
cblr-1726	256	16	eng	eng	PROPN
cblr-1726	256	17	.	.	PROPN
cblr-1726	256	18	,	,	PUNCT
cblr-1726	256	19	quarterly	quarterly	ADJ
cblr-1726	256	20	bulletin	bulletin	NOUN
cblr-1726	256	21	2014	2014	NUM
cblr-1726	256	22	q1	q1	PROPN
cblr-1726	256	23	:	:	PUNCT
cblr-1726	256	24	money	money	NOUN
cblr-1726	256	25	creation	creation	NOUN
cblr-1726	256	26	in	in	ADP
cblr-1726	256	27	the	the	DET
cblr-1726	256	28	modern	modern	ADJ
cblr-1726	256	29	economy	economy	NOUN
cblr-1726	256	30	14	14	NUM
cblr-1726	256	31	(	(	PUNCT
cblr-1726	256	32	2014	2014	NUM
cblr-1726	256	33	)	)	PUNCT
cblr-1726	256	34	,	,	PUNCT
cblr-1726	256	35	http://www.bankofengland.co.uk/publications/documents/quarterlybulletin/2014/qb14q1prereleasemoneycreation.pdf#page=1	http://www.bankofengland.co.uk/publications/documents/quarterlybulletin/2014/qb14q1prereleasemoneycreation.pdf#page=1	PROPN
cblr-1726	257	1	[	[	X
cblr-1726	257	2	perma.cc/zu6a-hz78	perma.cc/zu6a-hz78	NOUN
cblr-1726	257	3	]	]	X
cblr-1726	257	4	;	;	PUNCT
cblr-1726	257	5	supra	supra	PROPN
cblr-1726	257	6	section	section	PROPN
cblr-1726	257	7	iii.a	iii.a	PROPN
cblr-1726	257	8	.	.	PUNCT
cblr-1726	258	1	38	38	NUM
cblr-1726	258	2	alternatively	alternatively	ADV
cblr-1726	258	3	,	,	PUNCT
cblr-1726	258	4	of	of	ADP
cblr-1726	258	5	course	course	NOUN
cblr-1726	258	6	,	,	PUNCT
cblr-1726	258	7	apple	apple	PROPN
cblr-1726	258	8	can	can	AUX
cblr-1726	258	9	pay	pay	VERB
cblr-1726	258	10	sony	sony	PROPN
cblr-1726	258	11	in	in	ADP
cblr-1726	258	12	u.s	u.s	PROPN
cblr-1726	258	13	.	.	PROPN
cblr-1726	258	14	dollars	dollar	NOUN
cblr-1726	258	15	.	.	PUNCT
cblr-1726	259	1	either	either	DET
cblr-1726	259	2	way	way	NOUN
cblr-1726	259	3	,	,	PUNCT
cblr-1726	259	4	one	one	NUM
cblr-1726	259	5	of	of	ADP
cblr-1726	259	6	the	the	DET
cblr-1726	259	7	two	two	NUM
cblr-1726	259	8	firms	firm	NOUN
cblr-1726	259	9	is	be	AUX
cblr-1726	259	10	dealing	deal	VERB
cblr-1726	259	11	in	in	ADP
cblr-1726	259	12	a	a	DET
cblr-1726	259	13	foreign	foreign	ADJ
cblr-1726	259	14	currency	currency	NOUN
cblr-1726	259	15	.	.	PUNCT
cblr-1726	260	1	awrey	awrey	PROPN
cblr-1726	260	2	–	–	PUNCT
cblr-1726	260	3	final	final	ADJ
cblr-1726	260	4	no	no	NOUN
cblr-1726	260	5	.	.	PUNCT
cblr-1726	261	1	3:934	3:934	X
cblr-1726	261	2	]	]	X
cblr-1726	261	3	foreign	foreign	ADJ
cblr-1726	261	4	currency	currency	NOUN
cblr-1726	261	5	liquidity	liquidity	NOUN
cblr-1726	261	6	assistance	assistance	NOUN
cblr-1726	261	7	951	951	NUM
cblr-1726	261	8	sembled	semble	VERB
cblr-1726	261	9	iphone	iphone	NOUN
cblr-1726	261	10	at	at	ADP
cblr-1726	261	11	its	its	PRON
cblr-1726	261	12	store	store	NOUN
cblr-1726	261	13	in	in	ADP
cblr-1726	261	14	covent	covent	NOUN
cblr-1726	261	15	garden	garden	PROPN
cblr-1726	261	16	,	,	PUNCT
cblr-1726	261	17	london	london	PROPN
cblr-1726	261	18	,	,	PUNCT
cblr-1726	261	19	it	it	PRON
cblr-1726	261	20	receives	receive	VERB
cblr-1726	261	21	payment	payment	NOUN
cblr-1726	261	22	in	in	ADP
cblr-1726	261	23	pound	pound	NOUN
cblr-1726	261	24	sterling	sterling	NOUN
cblr-1726	261	25	.	.	PUNCT
cblr-1726	262	1	as	as	SCONJ
cblr-1726	262	2	a	a	DET
cblr-1726	262	3	u.s	u.s	PROPN
cblr-1726	262	4	.	.	PROPN
cblr-1726	262	5	firm	firm	PROPN
cblr-1726	262	6	incorporated	incorporate	VERB
cblr-1726	262	7	and	and	CCONJ
cblr-1726	262	8	headquartered	headquarter	VERB
cblr-1726	262	9	in	in	ADP
cblr-1726	262	10	california	california	PROPN
cblr-1726	262	11	,	,	PUNCT
cblr-1726	262	12	apple	apple	PROPN
cblr-1726	262	13	may	may	AUX
cblr-1726	262	14	then	then	ADV
cblr-1726	262	15	seek	seek	VERB
cblr-1726	262	16	to	to	PART
cblr-1726	262	17	hedge	hedge	VERB
cblr-1726	262	18	the	the	DET
cblr-1726	262	19	foreign	foreign	ADJ
cblr-1726	262	20	exchange	exchange	NOUN
cblr-1726	262	21	risk	risk	NOUN
cblr-1726	262	22	stemming	stem	VERB
cblr-1726	262	23	from	from	ADP
cblr-1726	262	24	both	both	CCONJ
cblr-1726	262	25	its	its	PRON
cblr-1726	262	26	global	global	ADJ
cblr-1726	262	27	supply	supply	NOUN
cblr-1726	262	28	chain	chain	NOUN
cblr-1726	262	29	and	and	CCONJ
cblr-1726	262	30	international	international	ADJ
cblr-1726	262	31	sales.39	sales.39	NOUN
cblr-1726	262	32	similarly	similarly	ADV
cblr-1726	262	33	,	,	PUNCT
cblr-1726	262	34	the	the	DET
cblr-1726	262	35	prices	price	NOUN
cblr-1726	262	36	of	of	ADP
cblr-1726	262	37	some	some	DET
cblr-1726	262	38	goods	good	NOUN
cblr-1726	262	39	(	(	PUNCT
cblr-1726	262	40	e.g.	e.g.	ADV
cblr-1726	262	41	,	,	PUNCT
cblr-1726	262	42	crude	crude	ADJ
cblr-1726	262	43	oil	oil	NOUN
cblr-1726	262	44	)	)	PUNCT
cblr-1726	262	45	are	be	AUX
cblr-1726	262	46	only	only	ADV
cblr-1726	262	47	quoted	quote	VERB
cblr-1726	262	48	in	in	ADP
cblr-1726	262	49	a	a	DET
cblr-1726	262	50	single	single	ADJ
cblr-1726	262	51	currency	currency	NOUN
cblr-1726	262	52	(	(	PUNCT
cblr-1726	262	53	e.g.	e.g.	ADV
cblr-1726	262	54	,	,	PUNCT
cblr-1726	262	55	u.s	u.s	PROPN
cblr-1726	262	56	.	.	PROPN
cblr-1726	262	57	dollars	dollar	NOUN
cblr-1726	262	58	)	)	PUNCT
cblr-1726	262	59	,	,	PUNCT
cblr-1726	262	60	thus	thus	ADV
cblr-1726	262	61	necessitating	necessitate	VERB
cblr-1726	262	62	that	that	SCONJ
cblr-1726	262	63	all	all	DET
cblr-1726	262	64	prospective	prospective	ADJ
cblr-1726	262	65	purchasers	purchaser	NOUN
cblr-1726	262	66	hold	hold	VERB
cblr-1726	262	67	reserves	reserve	NOUN
cblr-1726	262	68	of	of	ADP
cblr-1726	262	69	,	,	PUNCT
cblr-1726	262	70	and	and	CCONJ
cblr-1726	262	71	all	all	DET
cblr-1726	262	72	sellers	seller	NOUN
cblr-1726	262	73	accept	accept	VERB
cblr-1726	262	74	payments	payment	NOUN
cblr-1726	262	75	in	in	ADP
cblr-1726	262	76	,	,	PUNCT
cblr-1726	262	77	this	this	DET
cblr-1726	262	78	currency	currency	NOUN
cblr-1726	262	79	.	.	PUNCT
cblr-1726	263	1	understandably	understandably	ADV
cblr-1726	263	2	,	,	PUNCT
cblr-1726	263	3	firms	firm	NOUN
cblr-1726	263	4	that	that	PRON
cblr-1726	263	5	make	make	VERB
cblr-1726	263	6	and	and	CCONJ
cblr-1726	263	7	receive	receive	VERB
cblr-1726	263	8	payments	payment	NOUN
cblr-1726	263	9	in	in	ADP
cblr-1726	263	10	foreign	foreign	ADJ
cblr-1726	263	11	currencies	currency	NOUN
cblr-1726	263	12	often	often	ADV
cblr-1726	263	13	look	look	VERB
cblr-1726	263	14	to	to	ADP
cblr-1726	263	15	domestic	domestic	ADJ
cblr-1726	263	16	banks	bank	NOUN
cblr-1726	263	17	and	and	CCONJ
cblr-1726	263	18	other	other	ADJ
cblr-1726	263	19	financial	financial	ADJ
cblr-1726	263	20	institutions	institution	NOUN
cblr-1726	263	21	to	to	PART
cblr-1726	263	22	provide	provide	VERB
cblr-1726	263	23	the	the	DET
cblr-1726	263	24	commercial	commercial	ADJ
cblr-1726	263	25	accounts	account	NOUN
cblr-1726	263	26	,	,	PUNCT
cblr-1726	263	27	wholesale	wholesale	ADJ
cblr-1726	263	28	funding	funding	NOUN
cblr-1726	263	29	,	,	PUNCT
cblr-1726	263	30	and	and	CCONJ
cblr-1726	263	31	risk	risk	NOUN
cblr-1726	263	32	management	management	NOUN
cblr-1726	263	33	services	service	NOUN
cblr-1726	263	34	necessary	necessary	ADJ
cblr-1726	263	35	to	to	PART
cblr-1726	263	36	support	support	VERB
cblr-1726	263	37	their	their	PRON
cblr-1726	263	38	international	international	ADJ
cblr-1726	263	39	operations.40	operations.40	NOUN
cblr-1726	263	40	for	for	ADP
cblr-1726	263	41	this	this	DET
cblr-1726	263	42	reason	reason	NOUN
cblr-1726	263	43	,	,	PUNCT
cblr-1726	263	44	economic	economic	ADJ
cblr-1726	263	45	globalization	globalization	NOUN
cblr-1726	263	46	and	and	CCONJ
cblr-1726	263	47	a	a	DET
cblr-1726	263	48	robust	robust	ADJ
cblr-1726	263	49	eurodollar	eurodollar	NOUN
cblr-1726	263	50	market	market	NOUN
cblr-1726	263	51	are	be	AUX
cblr-1726	263	52	often	often	ADV
cblr-1726	263	53	viewed	view	VERB
cblr-1726	263	54	as	as	ADP
cblr-1726	263	55	going	go	VERB
cblr-1726	263	56	hand	hand	NOUN
cblr-1726	263	57	in	in	ADP
cblr-1726	263	58	hand	hand	NOUN
cblr-1726	263	59	.	.	PUNCT
cblr-1726	264	1	a	a	DET
cblr-1726	264	2	second	second	ADJ
cblr-1726	264	3	and	and	CCONJ
cblr-1726	264	4	related	related	ADJ
cblr-1726	264	5	reason	reason	NOUN
cblr-1726	264	6	why	why	SCONJ
cblr-1726	264	7	banks	bank	NOUN
cblr-1726	264	8	and	and	CCONJ
cblr-1726	264	9	other	other	ADJ
cblr-1726	264	10	financial	financial	ADJ
cblr-1726	264	11	institutions	institution	NOUN
cblr-1726	264	12	issue	issue	VERB
cblr-1726	264	13	eurodollar	eurodollar	ADJ
cblr-1726	264	14	liabilities	liability	NOUN
cblr-1726	264	15	is	be	AUX
cblr-1726	264	16	to	to	PART
cblr-1726	264	17	support	support	VERB
cblr-1726	264	18	international	international	ADJ
cblr-1726	264	19	trade	trade	NOUN
cblr-1726	264	20	.	.	PUNCT
cblr-1726	265	1	while	while	SCONJ
cblr-1726	265	2	reliable	reliable	ADJ
cblr-1726	265	3	data	data	NOUN
cblr-1726	265	4	is	be	AUX
cblr-1726	265	5	scarce	scarce	ADJ
cblr-1726	265	6	,	,	PUNCT
cblr-1726	265	7	it	it	PRON
cblr-1726	265	8	has	have	AUX
cblr-1726	265	9	been	be	AUX
cblr-1726	265	10	estimated	estimate	VERB
cblr-1726	265	11	that	that	SCONJ
cblr-1726	265	12	approximately	approximately	ADV
cblr-1726	265	13	half	half	NOUN
cblr-1726	265	14	of	of	ADP
cblr-1726	265	15	all	all	DET
cblr-1726	265	16	international	international	ADJ
cblr-1726	265	17	trade	trade	NOUN
cblr-1726	265	18	is	be	AUX
cblr-1726	265	19	invoiced	invoice	VERB
cblr-1726	265	20	and	and	CCONJ
cblr-1726	265	21	settled	settle	VERB
cblr-1726	265	22	in	in	ADP
cblr-1726	265	23	u.s	u.s	PROPN
cblr-1726	265	24	.	.	PROPN
cblr-1726	265	25	dollars.41	dollars.41	PROPN
cblr-1726	265	26	understandably	understandably	ADV
cblr-1726	265	27	,	,	PUNCT
cblr-1726	265	28	the	the	DET
cblr-1726	265	29	dominance	dominance	NOUN
cblr-1726	265	30	of	of	ADP
cblr-1726	265	31	the	the	DET
cblr-1726	265	32	dollar	dollar	NOUN
cblr-1726	265	33	in	in	ADP
cblr-1726	265	34	international	international	ADJ
cblr-1726	265	35	trade	trade	NOUN
cblr-1726	265	36	incentivizes	incentivize	VERB
cblr-1726	265	37	importers	importer	NOUN
cblr-1726	265	38	and	and	CCONJ
cblr-1726	265	39	exporters	exporter	NOUN
cblr-1726	265	40	outside	outside	ADP
cblr-1726	265	41	the	the	DET
cblr-1726	265	42	united	united	PROPN
cblr-1726	265	43	states	states	PROPN
cblr-1726	265	44	to	to	PART
cblr-1726	265	45	maintain	maintain	VERB
cblr-1726	265	46	dollar	dollar	NOUN
cblr-1726	265	47	denominated	denominate	VERB
cblr-1726	265	48	bank	bank	NOUN
cblr-1726	265	49	accounts	account	VERB
cblr-1726	265	50	in	in	ADP
cblr-1726	265	51	order	order	NOUN
cblr-1726	265	52	to	to	PART
cblr-1726	265	53	accept	accept	VERB
cblr-1726	265	54	and	and	CCONJ
cblr-1726	265	55	make	make	VERB
cblr-1726	265	56	payments	payment	NOUN
cblr-1726	265	57	in	in	ADP
cblr-1726	265	58	u.s	u.s	PROPN
cblr-1726	265	59	.	.	PROPN
cblr-1726	265	60	dollars.42	dollars.42	VERB
cblr-1726	265	61	the	the	DET
cblr-1726	265	62	majority	majority	NOUN
cblr-1726	265	63	of	of	ADP
cblr-1726	265	64	these	these	DET
cblr-1726	265	65	accounts	account	NOUN
cblr-1726	265	66	are	be	AUX
cblr-1726	265	67	held	hold	VERB
cblr-1726	265	68	with	with	ADP
cblr-1726	265	69	banks	bank	NOUN
cblr-1726	265	70	incorporated	incorporate	VERB
cblr-1726	265	71	and	and	CCONJ
cblr-1726	265	72	licensed	license	VERB
cblr-1726	265	73	outside	outside	ADP
cblr-1726	265	74	39	39	NUM
cblr-1726	265	75	as	as	SCONJ
cblr-1726	265	76	it	it	PRON
cblr-1726	265	77	happens	happen	VERB
cblr-1726	265	78	,	,	PUNCT
cblr-1726	265	79	one	one	NUM
cblr-1726	265	80	of	of	ADP
cblr-1726	265	81	the	the	DET
cblr-1726	265	82	ways	way	NOUN
cblr-1726	265	83	in	in	ADP
cblr-1726	265	84	which	which	PRON
cblr-1726	265	85	apple	apple	NOUN
cblr-1726	265	86	in	in	ADP
cblr-1726	265	87	particular	particular	ADJ
cblr-1726	265	88	hedges	hedge	NOUN
cblr-1726	265	89	the	the	DET
cblr-1726	265	90	foreign	foreign	ADJ
cblr-1726	265	91	exchange	exchange	NOUN
cblr-1726	265	92	risk	risk	NOUN
cblr-1726	265	93	stemming	stem	VERB
cblr-1726	265	94	from	from	ADP
cblr-1726	265	95	its	its	PRON
cblr-1726	265	96	international	international	ADJ
cblr-1726	265	97	sales	sale	NOUN
cblr-1726	265	98	is	be	AUX
cblr-1726	265	99	to	to	PART
cblr-1726	265	100	frequently	frequently	ADV
cblr-1726	265	101	update	update	VERB
cblr-1726	265	102	its	its	PRON
cblr-1726	265	103	domestic	domestic	ADJ
cblr-1726	265	104	prices	price	NOUN
cblr-1726	265	105	in	in	ADP
cblr-1726	265	106	response	response	NOUN
cblr-1726	265	107	to	to	ADP
cblr-1726	265	108	changes	change	NOUN
cblr-1726	265	109	in	in	ADP
cblr-1726	265	110	the	the	DET
cblr-1726	265	111	exchange	exchange	NOUN
cblr-1726	265	112	rate	rate	NOUN
cblr-1726	265	113	between	between	ADP
cblr-1726	265	114	the	the	DET
cblr-1726	265	115	domestic	domestic	ADJ
cblr-1726	265	116	currency	currency	NOUN
cblr-1726	265	117	and	and	CCONJ
cblr-1726	265	118	the	the	DET
cblr-1726	265	119	u.s	u.s	PROPN
cblr-1726	265	120	.	.	PROPN
cblr-1726	265	121	dollar	dollar	NOUN
cblr-1726	265	122	.	.	PUNCT
cblr-1726	266	1	however	however	ADV
cblr-1726	266	2	,	,	PUNCT
cblr-1726	266	3	most	most	ADJ
cblr-1726	266	4	firms	firm	NOUN
cblr-1726	266	5	do	do	AUX
cblr-1726	266	6	not	not	PART
cblr-1726	266	7	enjoy	enjoy	VERB
cblr-1726	266	8	this	this	DET
cblr-1726	266	9	degree	degree	NOUN
cblr-1726	266	10	of	of	ADP
cblr-1726	266	11	market	market	NOUN
cblr-1726	266	12	power	power	NOUN
cblr-1726	266	13	and	and	CCONJ
cblr-1726	266	14	thus	thus	ADV
cblr-1726	266	15	rely	rely	VERB
cblr-1726	266	16	on	on	ADP
cblr-1726	266	17	financial	financial	ADJ
cblr-1726	266	18	intermediaries	intermediary	NOUN
cblr-1726	266	19	to	to	PART
cblr-1726	266	20	help	help	VERB
cblr-1726	266	21	them	they	PRON
cblr-1726	266	22	manage	manage	VERB
cblr-1726	266	23	their	their	PRON
cblr-1726	266	24	foreign	foreign	ADJ
cblr-1726	266	25	exchange	exchange	NOUN
cblr-1726	266	26	risk	risk	NOUN
cblr-1726	266	27	.	.	PUNCT
cblr-1726	267	1	40	40	NUM
cblr-1726	267	2	firms	firm	NOUN
cblr-1726	267	3	may	may	AUX
cblr-1726	267	4	do	do	VERB
cblr-1726	267	5	so	so	ADV
cblr-1726	267	6	for	for	ADP
cblr-1726	267	7	several	several	ADJ
cblr-1726	267	8	reasons	reason	NOUN
cblr-1726	267	9	,	,	PUNCT
cblr-1726	267	10	ranging	range	VERB
cblr-1726	267	11	from	from	ADP
cblr-1726	267	12	pre	pre	ADJ
cblr-1726	267	13	-	-	ADJ
cblr-1726	267	14	existing	existing	ADJ
cblr-1726	267	15	relationships	relationship	NOUN
cblr-1726	267	16	,	,	PUNCT
cblr-1726	267	17	to	to	ADP
cblr-1726	267	18	higher	high	ADJ
cblr-1726	267	19	interest	interest	NOUN
cblr-1726	267	20	rates	rate	NOUN
cblr-1726	267	21	on	on	ADP
cblr-1726	267	22	domestic	domestic	ADJ
cblr-1726	267	23	deposits	deposit	NOUN
cblr-1726	267	24	,	,	PUNCT
cblr-1726	267	25	to	to	ADP
cblr-1726	267	26	preferential	preferential	ADJ
cblr-1726	267	27	tax	tax	NOUN
cblr-1726	267	28	treatment	treatment	NOUN
cblr-1726	267	29	.	.	PUNCT
cblr-1726	268	1	41	41	NUM
cblr-1726	268	2	benjamin	benjamin	PROPN
cblr-1726	268	3	j.	j.	PROPN
cblr-1726	268	4	cohen	cohen	PROPN
cblr-1726	268	5	,	,	PUNCT
cblr-1726	268	6	currency	currency	NOUN
cblr-1726	268	7	and	and	CCONJ
cblr-1726	268	8	state	state	NOUN
cblr-1726	268	9	power	power	NOUN
cblr-1726	268	10	,	,	PUNCT
cblr-1726	268	11	in	in	ADP
cblr-1726	268	12	back	back	ADV
cblr-1726	268	13	to	to	ADP
cblr-1726	268	14	basics	basic	NOUN
cblr-1726	268	15	:	:	PUNCT
cblr-1726	268	16	state	state	NOUN
cblr-1726	268	17	power	power	NOUN
cblr-1726	268	18	in	in	ADP
cblr-1726	268	19	a	a	DET
cblr-1726	268	20	contemporary	contemporary	ADJ
cblr-1726	268	21	world	world	NOUN
cblr-1726	268	22	159	159	NUM
cblr-1726	268	23	,	,	PUNCT
cblr-1726	268	24	167	167	NUM
cblr-1726	268	25	(	(	PUNCT
cblr-1726	268	26	martha	martha	PROPN
cblr-1726	268	27	finnemore	finnemore	PROPN
cblr-1726	268	28	&	&	CCONJ
cblr-1726	268	29	judith	judith	PROPN
cblr-1726	268	30	goldstein	goldstein	PROPN
cblr-1726	268	31	eds	eds	PROPN
cblr-1726	268	32	.	.	PROPN
cblr-1726	268	33	,	,	PUNCT
cblr-1726	268	34	2013	2013	NUM
cblr-1726	268	35	)	)	PUNCT
cblr-1726	268	36	.	.	PUNCT
cblr-1726	269	1	see	see	VERB
cblr-1726	269	2	linda	linda	PROPN
cblr-1726	269	3	s.	s.	PROPN
cblr-1726	269	4	goldberg	goldberg	PROPN
cblr-1726	269	5	&	&	CCONJ
cblr-1726	269	6	cédric	cédric	PROPN
cblr-1726	269	7	tille	tille	PROPN
cblr-1726	269	8	,	,	PUNCT
cblr-1726	269	9	vehicle	vehicle	NOUN
cblr-1726	269	10	currency	currency	NOUN
cblr-1726	269	11	use	use	NOUN
cblr-1726	269	12	in	in	ADP
cblr-1726	269	13	international	international	ADJ
cblr-1726	269	14	trade	trade	NOUN
cblr-1726	269	15	,	,	PUNCT
cblr-1726	269	16	j.	j.	PROPN
cblr-1726	269	17	int’l	int’l	PROPN
cblr-1726	269	18	econ	econ	PROPN
cblr-1726	269	19	.	.	PUNCT
cblr-1726	269	20	,	,	PUNCT
cblr-1726	269	21	dec	dec	PROPN
cblr-1726	269	22	.	.	PROPN
cblr-1726	269	23	2008	2008	NUM
cblr-1726	269	24	,	,	PUNCT
cblr-1726	269	25	at	at	ADP
cblr-1726	269	26	177	177	NUM
cblr-1726	269	27	,	,	PUNCT
cblr-1726	269	28	184	184	NUM
cblr-1726	269	29	–	–	SYM
cblr-1726	269	30	85	85	NUM
cblr-1726	269	31	(	(	PUNCT
cblr-1726	269	32	providing	provide	VERB
cblr-1726	269	33	a	a	DET
cblr-1726	269	34	more	more	ADV
cblr-1726	269	35	detailed	detailed	ADJ
cblr-1726	269	36	country	country	NOUN
cblr-1726	269	37	-	-	PUNCT
cblr-1726	269	38	by	by	ADP
cblr-1726	269	39	-	-	PUNCT
cblr-1726	269	40	country	country	NOUN
cblr-1726	269	41	breakdown	breakdown	NOUN
cblr-1726	269	42	)	)	PUNCT
cblr-1726	269	43	.	.	PUNCT
cblr-1726	270	1	42	42	NUM
cblr-1726	270	2	see	see	VERB
cblr-1726	270	3	swoboda	swoboda	NOUN
cblr-1726	270	4	,	,	PUNCT
cblr-1726	270	5	supra	supra	PROPN
cblr-1726	270	6	note	note	PROPN
cblr-1726	270	7	26	26	NUM
cblr-1726	270	8	,	,	PUNCT
cblr-1726	270	9	at	at	ADP
cblr-1726	270	10	6	6	NUM
cblr-1726	270	11	.	.	PUNCT
cblr-1726	271	1	awrey	awrey	NOUN
cblr-1726	271	2	–	–	PUNCT
cblr-1726	271	3	final	final	ADJ
cblr-1726	271	4	952	952	NUM
cblr-1726	271	5	columbia	columbia	PROPN
cblr-1726	271	6	business	business	NOUN
cblr-1726	271	7	law	law	PROPN
cblr-1726	271	8	review	review	NOUN
cblr-1726	272	1	[	[	X
cblr-1726	272	2	vol	vol	NOUN
cblr-1726	272	3	.	.	NOUN
cblr-1726	272	4	2017	2017	NUM
cblr-1726	272	5	the	the	DET
cblr-1726	272	6	united	united	PROPN
cblr-1726	272	7	states.43	states.43	PROPN
cblr-1726	272	8	foreign	foreign	ADJ
cblr-1726	272	9	banks	bank	NOUN
cblr-1726	272	10	are	be	AUX
cblr-1726	272	11	also	also	ADV
cblr-1726	272	12	an	an	DET
cblr-1726	272	13	important	important	ADJ
cblr-1726	272	14	source	source	NOUN
cblr-1726	272	15	of	of	ADP
cblr-1726	272	16	trade	trade	NOUN
cblr-1726	272	17	financing	financing	NOUN
cblr-1726	272	18	.	.	PUNCT
cblr-1726	273	1	one	one	NUM
cblr-1726	273	2	of	of	ADP
cblr-1726	273	3	the	the	DET
cblr-1726	273	4	most	most	ADV
cblr-1726	273	5	widely	widely	ADV
cblr-1726	273	6	used	use	VERB
cblr-1726	273	7	forms	form	NOUN
cblr-1726	273	8	of	of	ADP
cblr-1726	273	9	trade	trade	NOUN
cblr-1726	273	10	financing	financing	NOUN
cblr-1726	273	11	are	be	AUX
cblr-1726	273	12	letters	letter	NOUN
cblr-1726	273	13	of	of	ADP
cblr-1726	273	14	credit	credit	NOUN
cblr-1726	273	15	.	.	PUNCT
cblr-1726	274	1	letters	letter	NOUN
cblr-1726	274	2	of	of	ADP
cblr-1726	274	3	credit	credit	NOUN
cblr-1726	274	4	represent	represent	VERB
cblr-1726	274	5	a	a	DET
cblr-1726	274	6	commitment	commitment	NOUN
cblr-1726	274	7	by	by	ADP
cblr-1726	274	8	a	a	DET
cblr-1726	274	9	bank	bank	NOUN
cblr-1726	274	10	to	to	ADP
cblr-1726	274	11	an	an	DET
cblr-1726	274	12	exporter	exporter	NOUN
cblr-1726	274	13	(	(	PUNCT
cblr-1726	274	14	seller	seller	NOUN
cblr-1726	274	15	)	)	PUNCT
cblr-1726	274	16	on	on	ADP
cblr-1726	274	17	behalf	behalf	NOUN
cblr-1726	274	18	of	of	ADP
cblr-1726	274	19	an	an	DET
cblr-1726	274	20	importer	importer	NOUN
cblr-1726	274	21	(	(	PUNCT
cblr-1726	274	22	buyer	buyer	NOUN
cblr-1726	274	23	)	)	PUNCT
cblr-1726	274	24	to	to	PART
cblr-1726	274	25	make	make	VERB
cblr-1726	274	26	or	or	CCONJ
cblr-1726	274	27	guarantee	guarantee	VERB
cblr-1726	274	28	payment	payment	NOUN
cblr-1726	274	29	for	for	ADP
cblr-1726	274	30	goods	good	NOUN
cblr-1726	274	31	upon	upon	SCONJ
cblr-1726	274	32	receipt	receipt	NOUN
cblr-1726	274	33	of	of	ADP
cblr-1726	274	34	documentary	documentary	ADJ
cblr-1726	274	35	evidence	evidence	NOUN
cblr-1726	274	36	that	that	SCONJ
cblr-1726	274	37	they	they	PRON
cblr-1726	274	38	have	have	AUX
cblr-1726	274	39	been	be	AUX
cblr-1726	274	40	delivered	deliver	VERB
cblr-1726	274	41	.	.	PUNCT
cblr-1726	275	1	letters	letter	NOUN
cblr-1726	275	2	of	of	ADP
cblr-1726	275	3	credit	credit	NOUN
cblr-1726	275	4	can	can	AUX
cblr-1726	275	5	thus	thus	ADV
cblr-1726	275	6	be	be	AUX
cblr-1726	275	7	understood	understand	VERB
cblr-1726	275	8	as	as	ADP
cblr-1726	275	9	a	a	DET
cblr-1726	275	10	form	form	NOUN
cblr-1726	275	11	of	of	ADP
cblr-1726	275	12	insurance	insurance	NOUN
cblr-1726	275	13	against	against	ADP
cblr-1726	275	14	the	the	DET
cblr-1726	275	15	risk	risk	NOUN
cblr-1726	275	16	of	of	ADP
cblr-1726	275	17	non	non	ADJ
cblr-1726	275	18	-	-	NOUN
cblr-1726	275	19	payment	payment	NOUN
cblr-1726	275	20	by	by	ADP
cblr-1726	275	21	the	the	DET
cblr-1726	275	22	importer	importer	NOUN
cblr-1726	275	23	.	.	PUNCT
cblr-1726	276	1	these	these	DET
cblr-1726	276	2	letters	letter	NOUN
cblr-1726	276	3	of	of	ADP
cblr-1726	276	4	credit	credit	NOUN
cblr-1726	276	5	possess	possess	VERB
cblr-1726	276	6	two	two	NUM
cblr-1726	276	7	important	important	ADJ
cblr-1726	276	8	features	feature	NOUN
cblr-1726	276	9	for	for	ADP
cblr-1726	276	10	the	the	DET
cblr-1726	276	11	present	present	ADJ
cblr-1726	276	12	purposes	purpose	NOUN
cblr-1726	276	13	.	.	PUNCT
cblr-1726	277	1	first	first	ADV
cblr-1726	277	2	,	,	PUNCT
cblr-1726	277	3	most	most	ADJ
cblr-1726	277	4	letters	letter	NOUN
cblr-1726	277	5	of	of	ADP
cblr-1726	277	6	credit	credit	NOUN
cblr-1726	277	7	are	be	AUX
cblr-1726	277	8	issued	issue	VERB
cblr-1726	277	9	on	on	ADP
cblr-1726	277	10	a	a	DET
cblr-1726	277	11	relatively	relatively	ADV
cblr-1726	277	12	short	short	ADJ
cblr-1726	277	13	-	-	PUNCT
cblr-1726	277	14	term	term	NOUN
cblr-1726	277	15	basis	basis	NOUN
cblr-1726	277	16	:	:	PUNCT
cblr-1726	277	17	with	with	ADP
cblr-1726	277	18	maturities	maturity	NOUN
cblr-1726	277	19	typically	typically	ADV
cblr-1726	277	20	ranging	range	VERB
cblr-1726	277	21	from	from	ADP
cblr-1726	277	22	seventy	seventy	NUM
cblr-1726	277	23	to	to	ADP
cblr-1726	277	24	ninety	ninety	NUM
cblr-1726	277	25	days.44	days.44	NOUN
cblr-1726	277	26	second	second	ADJ
cblr-1726	277	27	,	,	PUNCT
cblr-1726	277	28	and	and	CCONJ
cblr-1726	277	29	reflecting	reflect	VERB
cblr-1726	277	30	the	the	DET
cblr-1726	277	31	currency	currency	NOUN
cblr-1726	277	32	composition	composition	NOUN
cblr-1726	277	33	of	of	ADP
cblr-1726	277	34	international	international	ADJ
cblr-1726	277	35	trade	trade	NOUN
cblr-1726	277	36	more	more	ADV
cblr-1726	277	37	generally	generally	ADV
cblr-1726	277	38	,	,	PUNCT
cblr-1726	277	39	the	the	DET
cblr-1726	277	40	international	international	ADJ
cblr-1726	277	41	chamber	chamber	PROPN
cblr-1726	277	42	of	of	ADP
cblr-1726	277	43	commerce	commerce	PROPN
cblr-1726	277	44	estimates	estimate	VERB
cblr-1726	277	45	that	that	SCONJ
cblr-1726	277	46	over	over	ADP
cblr-1726	277	47	eighty	eighty	NUM
cblr-1726	277	48	percent	percent	NOUN
cblr-1726	277	49	of	of	ADP
cblr-1726	277	50	all	all	DET
cblr-1726	277	51	letters	letter	NOUN
cblr-1726	277	52	of	of	ADP
cblr-1726	277	53	credit	credit	NOUN
cblr-1726	277	54	are	be	AUX
cblr-1726	277	55	denominated	denominate	VERB
cblr-1726	277	56	in	in	ADP
cblr-1726	277	57	u.s	u.s	PROPN
cblr-1726	277	58	.	.	PROPN
cblr-1726	277	59	dollars.45	dollars.45	ADV
cblr-1726	277	60	a	a	DET
cblr-1726	277	61	third	third	ADJ
cblr-1726	277	62	reason	reason	NOUN
cblr-1726	277	63	why	why	SCONJ
cblr-1726	277	64	financial	financial	ADJ
cblr-1726	277	65	institutions	institution	NOUN
cblr-1726	277	66	issue	issue	VERB
cblr-1726	277	67	eurodollar	eurodollar	ADJ
cblr-1726	277	68	liabilities	liability	NOUN
cblr-1726	277	69	is	be	AUX
cblr-1726	277	70	to	to	PART
cblr-1726	277	71	execute	execute	VERB
cblr-1726	277	72	what	what	PRON
cblr-1726	277	73	is	be	AUX
cblr-1726	277	74	known	know	VERB
cblr-1726	277	75	as	as	ADP
cblr-1726	277	76	a	a	DET
cblr-1726	277	77	foreign	foreign	ADJ
cblr-1726	277	78	currency	currency	NOUN
cblr-1726	277	79	‘	'	PUNCT
cblr-1726	277	80	carry	carry	VERB
cblr-1726	277	81	trade	trade	NOUN
cblr-1726	277	82	.	.	PUNCT
cblr-1726	277	83	’	'	PUNCT
cblr-1726	278	1	foreign	foreign	ADJ
cblr-1726	278	2	currency	currency	NOUN
cblr-1726	278	3	carry	carry	VERB
cblr-1726	278	4	trades	trade	NOUN
cblr-1726	278	5	seek	seek	VERB
cblr-1726	278	6	to	to	PART
cblr-1726	278	7	exploit	exploit	VERB
cblr-1726	278	8	differences	difference	NOUN
cblr-1726	278	9	between	between	ADP
cblr-1726	278	10	the	the	DET
cblr-1726	278	11	costs	cost	NOUN
cblr-1726	278	12	of	of	ADP
cblr-1726	278	13	borrowing	borrowing	NOUN
cblr-1726	278	14	in	in	ADP
cblr-1726	278	15	one	one	NUM
cblr-1726	278	16	currency	currency	NOUN
cblr-1726	278	17	relative	relative	ADJ
cblr-1726	278	18	to	to	ADP
cblr-1726	278	19	the	the	DET
cblr-1726	278	20	expected	expect	VERB
cblr-1726	278	21	return	return	NOUN
cblr-1726	278	22	on	on	ADP
cblr-1726	278	23	financial	financial	ADJ
cblr-1726	278	24	assets	asset	NOUN
cblr-1726	278	25	denominated	denominate	VERB
cblr-1726	278	26	in	in	ADP
cblr-1726	278	27	another	another	DET
cblr-1726	278	28	currency	currency	NOUN
cblr-1726	278	29	.	.	PUNCT
cblr-1726	279	1	thus	thus	ADV
cblr-1726	279	2	,	,	PUNCT
cblr-1726	279	3	for	for	ADP
cblr-1726	279	4	example	example	NOUN
cblr-1726	279	5	,	,	PUNCT
cblr-1726	279	6	a	a	DET
cblr-1726	279	7	german	german	ADJ
cblr-1726	279	8	investment	investment	NOUN
cblr-1726	279	9	bank	bank	NOUN
cblr-1726	279	10	might	might	AUX
cblr-1726	279	11	borrow	borrow	VERB
cblr-1726	279	12	cheaply	cheaply	ADV
cblr-1726	279	13	in	in	ADP
cblr-1726	279	14	japanese	japanese	ADJ
cblr-1726	279	15	yen	yen	NOUN
cblr-1726	279	16	and	and	CCONJ
cblr-1726	279	17	then	then	ADV
cblr-1726	279	18	invest	invest	VERB
cblr-1726	279	19	the	the	DET
cblr-1726	279	20	proceeds	proceed	NOUN
cblr-1726	279	21	in	in	ADP
cblr-1726	279	22	higher	higher	ADV
cblr-1726	279	23	-	-	PUNCT
cblr-1726	279	24	yielding	yield	VERB
cblr-1726	279	25	australian	australian	ADJ
cblr-1726	279	26	dollar	dollar	NOUN
cblr-1726	279	27	-	-	PUNCT
cblr-1726	279	28	denominated	denominate	VERB
cblr-1726	279	29	assets	asset	NOUN
cblr-1726	279	30	.	.	PUNCT
cblr-1726	280	1	where	where	SCONJ
cblr-1726	280	2	successful	successful	ADJ
cblr-1726	280	3	,	,	PUNCT
cblr-1726	280	4	the	the	DET
cblr-1726	280	5	bank	bank	NOUN
cblr-1726	280	6	stands	stand	VERB
cblr-1726	280	7	to	to	PART
cblr-1726	280	8	capture	capture	VERB
cblr-1726	280	9	the	the	DET
cblr-1726	280	10	difference	difference	NOUN
cblr-1726	280	11	—	—	PUNCT
cblr-1726	280	12	or	or	CCONJ
cblr-1726	280	13	‘	'	PUNCT
cblr-1726	280	14	spread’—between	spread’—between	X
cblr-1726	280	15	its	its	PRON
cblr-1726	280	16	yen	yen	NOUN
cblr-1726	280	17	-	-	PUNCT
cblr-1726	280	18	borrowing	borrowing	NOUN
cblr-1726	280	19	costs	cost	NOUN
cblr-1726	280	20	and	and	CCONJ
cblr-1726	280	21	its	its	PRON
cblr-1726	280	22	australian	australian	ADJ
cblr-1726	280	23	dollar	dollar	NOUN
cblr-1726	280	24	investment	investment	NOUN
cblr-1726	280	25	returns	return	NOUN
cblr-1726	280	26	.	.	PUNCT
cblr-1726	281	1	simultaneously	simultaneously	ADV
cblr-1726	281	2	,	,	PUNCT
cblr-1726	281	3	of	of	ADP
cblr-1726	281	4	course	course	NOUN
cblr-1726	281	5	,	,	PUNCT
cblr-1726	281	6	the	the	DET
cblr-1726	281	7	trade	trade	NOUN
cblr-1726	281	8	exposes	expose	VERB
cblr-1726	281	9	the	the	DET
cblr-1726	281	10	investment	investment	NOUN
cblr-1726	281	11	bank	bank	NOUN
cblr-1726	281	12	to	to	PART
cblr-1726	281	13	exchange	exchange	VERB
cblr-1726	281	14	rate	rate	NOUN
cblr-1726	281	15	volatility	volatility	NOUN
cblr-1726	281	16	and	and	CCONJ
cblr-1726	281	17	,	,	PUNCT
cblr-1726	281	18	more	more	ADV
cblr-1726	281	19	specifically	specifically	ADV
cblr-1726	281	20	,	,	PUNCT
cblr-1726	281	21	the	the	DET
cblr-1726	281	22	risk	risk	NOUN
cblr-1726	281	23	that	that	SCONJ
cblr-1726	281	24	the	the	DET
cblr-1726	281	25	yen	yen	NOUN
cblr-1726	281	26	might	might	AUX
cblr-1726	281	27	appreciate	appreciate	VERB
cblr-1726	281	28	against	against	ADP
cblr-1726	281	29	the	the	DET
cblr-1726	281	30	australian	australian	ADJ
cblr-1726	281	31	dollar	dollar	NOUN
cblr-1726	281	32	over	over	ADP
cblr-1726	281	33	the	the	DET
cblr-1726	281	34	duration	duration	NOUN
cblr-1726	281	35	of	of	ADP
cblr-1726	281	36	the	the	DET
cblr-1726	281	37	trade.46	trade.46	NOUN
cblr-1726	281	38	importantly	importantly	ADV
cblr-1726	281	39	,	,	PUNCT
cblr-1726	281	40	the	the	DET
cblr-1726	281	41	foreign	foreign	ADJ
cblr-1726	281	42	currency	currency	NOUN
cblr-1726	281	43	borrow	borrow	VERB
cblr-1726	281	44	43	43	NUM
cblr-1726	281	45	he	he	PRON
cblr-1726	281	46	&	&	CCONJ
cblr-1726	281	47	mccauley	mccauley	PROPN
cblr-1726	281	48	,	,	PUNCT
cblr-1726	281	49	supra	supra	PROPN
cblr-1726	281	50	note	note	PROPN
cblr-1726	281	51	36	36	NUM
cblr-1726	281	52	,	,	PUNCT
cblr-1726	281	53	at	at	ADP
cblr-1726	281	54	2–4	2–4	NUM
cblr-1726	281	55	.	.	PROPN
cblr-1726	281	56	44	44	NUM
cblr-1726	281	57	see	see	VERB
cblr-1726	281	58	committee	committee	NOUN
cblr-1726	281	59	on	on	ADP
cblr-1726	281	60	the	the	DET
cblr-1726	281	61	global	global	ADJ
cblr-1726	281	62	fin	fin	NOUN
cblr-1726	281	63	.	.	PUNCT
cblr-1726	282	1	sys	sys	PROPN
cblr-1726	282	2	.	.	PROPN
cblr-1726	282	3	bank	bank	PROPN
cblr-1726	282	4	for	for	ADP
cblr-1726	282	5	int’l	int’l	NUM
cblr-1726	282	6	settlements	settlement	NOUN
cblr-1726	282	7	,	,	PUNCT
cblr-1726	282	8	trade	trade	NOUN
cblr-1726	282	9	finance	finance	NOUN
cblr-1726	282	10	:	:	PUNCT
cblr-1726	282	11	developments	development	NOUN
cblr-1726	282	12	and	and	CCONJ
cblr-1726	282	13	issues	issue	NOUN
cblr-1726	282	14	14	14	NUM
cblr-1726	282	15	(	(	PUNCT
cblr-1726	282	16	2014	2014	NUM
cblr-1726	282	17	)	)	PUNCT
cblr-1726	282	18	.	.	PUNCT
cblr-1726	283	1	45	45	NUM
cblr-1726	283	2	see	see	VERB
cblr-1726	283	3	int’l	int’l	NUM
cblr-1726	283	4	chamber	chamber	PROPN
cblr-1726	283	5	of	of	ADP
cblr-1726	283	6	commerce	commerce	PROPN
cblr-1726	283	7	,	,	PUNCT
cblr-1726	283	8	2016	2016	NUM
cblr-1726	283	9	rethinking	rethink	VERB
cblr-1726	283	10	trade	trade	NOUN
cblr-1726	283	11	&	&	CCONJ
cblr-1726	283	12	finance	finance	PROPN
cblr-1726	283	13	:	:	PUNCT
cblr-1726	283	14	an	an	DET
cblr-1726	283	15	icc	icc	NOUN
cblr-1726	283	16	private	private	ADJ
cblr-1726	283	17	sector	sector	NOUN
cblr-1726	283	18	development	development	NOUN
cblr-1726	283	19	perspective	perspective	NOUN
cblr-1726	283	20	58	58	NUM
cblr-1726	283	21	(	(	PUNCT
cblr-1726	283	22	2016	2016	NUM
cblr-1726	283	23	)	)	PUNCT
cblr-1726	283	24	.	.	PUNCT
cblr-1726	284	1	46	46	NUM
cblr-1726	284	2	at	at	ADP
cblr-1726	284	3	this	this	DET
cblr-1726	284	4	point	point	NOUN
cblr-1726	284	5	,	,	PUNCT
cblr-1726	284	6	the	the	DET
cblr-1726	284	7	bank	bank	NOUN
cblr-1726	284	8	will	will	AUX
cblr-1726	284	9	either	either	CCONJ
cblr-1726	284	10	have	have	VERB
cblr-1726	284	11	to	to	PART
cblr-1726	284	12	rollover	rollover	VERB
cblr-1726	284	13	its	its	PRON
cblr-1726	284	14	(	(	PUNCT
cblr-1726	284	15	now	now	ADV
cblr-1726	284	16	more	more	ADV
cblr-1726	284	17	expensive	expensive	ADJ
cblr-1726	284	18	)	)	PUNCT
cblr-1726	284	19	yen	yen	NOUN
cblr-1726	284	20	borrowing	borrowing	NOUN
cblr-1726	284	21	,	,	PUNCT
cblr-1726	284	22	or	or	CCONJ
cblr-1726	284	23	simply	simply	ADV
cblr-1726	284	24	repay	repay	VERB
cblr-1726	284	25	its	its	PRON
cblr-1726	284	26	yen	yen	NOUN
cblr-1726	284	27	-	-	PUNCT
cblr-1726	284	28	denominated	denominate	VERB
cblr-1726	284	29	liabilities	liability	NOUN
cblr-1726	284	30	.	.	PUNCT
cblr-1726	285	1	awrey	awrey	PROPN
cblr-1726	285	2	–	–	PUNCT
cblr-1726	285	3	final	final	ADJ
cblr-1726	285	4	no	no	NOUN
cblr-1726	285	5	.	.	PUNCT
cblr-1726	286	1	3:934	3:934	X
cblr-1726	286	2	]	]	X
cblr-1726	286	3	foreign	foreign	ADJ
cblr-1726	286	4	currency	currency	NOUN
cblr-1726	286	5	liquidity	liquidity	NOUN
cblr-1726	286	6	assistance	assistance	NOUN
cblr-1726	286	7	953	953	NUM
cblr-1726	286	8	ing	ing	ADJ
cblr-1726	286	9	necessary	necessary	ADJ
cblr-1726	286	10	to	to	PART
cblr-1726	286	11	execute	execute	VERB
cblr-1726	286	12	this	this	DET
cblr-1726	286	13	trade	trade	NOUN
cblr-1726	286	14	often	often	ADV
cblr-1726	286	15	takes	take	VERB
cblr-1726	286	16	the	the	DET
cblr-1726	286	17	form	form	NOUN
cblr-1726	286	18	of	of	ADP
cblr-1726	286	19	foreign	foreign	ADJ
cblr-1726	286	20	exchange	exchange	NOUN
cblr-1726	286	21	(	(	PUNCT
cblr-1726	286	22	or	or	CCONJ
cblr-1726	286	23	“	"	PUNCT
cblr-1726	286	24	f	f	X
cblr-1726	286	25	/	/	SYM
cblr-1726	286	26	x	x	NOUN
cblr-1726	286	27	”	"	PUNCT
cblr-1726	286	28	)	)	PUNCT
cblr-1726	286	29	swaps	swap	NOUN
cblr-1726	286	30	,	,	PUNCT
cblr-1726	286	31	commercial	commercial	ADJ
cblr-1726	286	32	paper	paper	NOUN
cblr-1726	286	33	,	,	PUNCT
cblr-1726	286	34	repo	repo	ADP
cblr-1726	286	35	agreements	agreement	NOUN
cblr-1726	286	36	,	,	PUNCT
cblr-1726	286	37	and	and	CCONJ
cblr-1726	286	38	other	other	ADJ
cblr-1726	286	39	short	short	ADJ
cblr-1726	286	40	-	-	PUNCT
cblr-1726	286	41	term	term	NOUN
cblr-1726	286	42	wholesale	wholesale	ADJ
cblr-1726	286	43	liabilities	liability	NOUN
cblr-1726	286	44	.	.	PUNCT
cblr-1726	287	1	finally	finally	ADV
cblr-1726	287	2	,	,	PUNCT
cblr-1726	287	3	banks	bank	NOUN
cblr-1726	287	4	and	and	CCONJ
cblr-1726	287	5	other	other	ADJ
cblr-1726	287	6	financial	financial	ADJ
cblr-1726	287	7	institutions	institution	NOUN
cblr-1726	287	8	create	create	VERB
cblr-1726	287	9	eurodollar	eurodollar	ADJ
cblr-1726	287	10	liabilities	liability	NOUN
cblr-1726	287	11	in	in	ADP
cblr-1726	287	12	the	the	DET
cblr-1726	287	13	context	context	NOUN
cblr-1726	287	14	of	of	ADP
cblr-1726	287	15	their	their	PRON
cblr-1726	287	16	general	general	ADJ
cblr-1726	287	17	financing	financing	NOUN
cblr-1726	287	18	and	and	CCONJ
cblr-1726	287	19	market	market	NOUN
cblr-1726	287	20	-	-	PUNCT
cblr-1726	287	21	making	make	VERB
cblr-1726	287	22	activities	activity	NOUN
cblr-1726	287	23	.	.	PUNCT
cblr-1726	288	1	many	many	ADJ
cblr-1726	288	2	investment	investment	NOUN
cblr-1726	288	3	banks	bank	NOUN
cblr-1726	288	4	,	,	PUNCT
cblr-1726	288	5	for	for	ADP
cblr-1726	288	6	example	example	NOUN
cblr-1726	288	7	,	,	PUNCT
cblr-1726	288	8	borrow	borrow	VERB
cblr-1726	288	9	funds	fund	NOUN
cblr-1726	288	10	within	within	ADP
cblr-1726	288	11	f	f	PROPN
cblr-1726	288	12	/	/	SYM
cblr-1726	288	13	x	x	NOUN
cblr-1726	288	14	swap	swap	NOUN
cblr-1726	288	15	,	,	PUNCT
cblr-1726	288	16	foreign	foreign	ADJ
cblr-1726	288	17	currency	currency	NOUN
cblr-1726	288	18	repo	repo	NOUN
cblr-1726	288	19	,	,	PUNCT
cblr-1726	288	20	and	and	CCONJ
cblr-1726	288	21	other	other	ADJ
cblr-1726	288	22	wholesale	wholesale	ADJ
cblr-1726	288	23	funding	funding	NOUN
cblr-1726	288	24	markets	market	NOUN
cblr-1726	288	25	in	in	ADP
cblr-1726	288	26	order	order	NOUN
cblr-1726	288	27	to	to	PART
cblr-1726	288	28	raise	raise	VERB
cblr-1726	288	29	capital	capital	NOUN
cblr-1726	288	30	and	and	CCONJ
cblr-1726	288	31	manage	manage	VERB
cblr-1726	288	32	mismatches	mismatch	NOUN
cblr-1726	288	33	between	between	ADP
cblr-1726	288	34	the	the	DET
cblr-1726	288	35	currency	currency	NOUN
cblr-1726	288	36	composition	composition	NOUN
cblr-1726	288	37	of	of	ADP
cblr-1726	288	38	their	their	PRON
cblr-1726	288	39	assets	asset	NOUN
cblr-1726	288	40	and	and	CCONJ
cblr-1726	288	41	liabilities.47	liabilities.47	ADJ
cblr-1726	288	42	investment	investment	NOUN
cblr-1726	288	43	banks	bank	NOUN
cblr-1726	288	44	also	also	ADV
cblr-1726	288	45	create	create	VERB
cblr-1726	288	46	and	and	CCONJ
cblr-1726	288	47	market	market	NOUN
cblr-1726	288	48	structured	structure	VERB
cblr-1726	288	49	finance	finance	NOUN
cblr-1726	288	50	products	product	NOUN
cblr-1726	288	51	,	,	PUNCT
cblr-1726	288	52	f	f	X
cblr-1726	288	53	/	/	SYM
cblr-1726	288	54	x	x	SYM
cblr-1726	288	55	swaps	swap	NOUN
cblr-1726	288	56	,	,	PUNCT
cblr-1726	288	57	and	and	CCONJ
cblr-1726	288	58	other	other	ADJ
cblr-1726	288	59	derivatives	derivative	NOUN
cblr-1726	288	60	to	to	ADP
cblr-1726	288	61	their	their	PRON
cblr-1726	288	62	clients.48	clients.48	ADJ
cblr-1726	288	63	structured	structured	ADJ
cblr-1726	288	64	finance	finance	NOUN
cblr-1726	288	65	products	product	NOUN
cblr-1726	288	66	and	and	CCONJ
cblr-1726	288	67	derivatives	derivative	NOUN
cblr-1726	288	68	are	be	AUX
cblr-1726	288	69	not	not	PART
cblr-1726	288	70	typically	typically	ADV
cblr-1726	288	71	viewed	view	VERB
cblr-1726	288	72	as	as	ADP
cblr-1726	288	73	creating	create	VERB
cblr-1726	288	74	eurodollar	eurodollar	ADJ
cblr-1726	288	75	liabilities	liability	NOUN
cblr-1726	288	76	.	.	PUNCT
cblr-1726	289	1	nevertheless	nevertheless	ADV
cblr-1726	289	2	,	,	PUNCT
cblr-1726	289	3	where	where	SCONJ
cblr-1726	289	4	these	these	DET
cblr-1726	289	5	instruments	instrument	NOUN
cblr-1726	289	6	are	be	AUX
cblr-1726	289	7	denominated	denominate	VERB
cblr-1726	289	8	in	in	ADP
cblr-1726	289	9	a	a	DET
cblr-1726	289	10	currency	currency	NOUN
cblr-1726	289	11	not	not	PART
cblr-1726	289	12	issued	issue	VERB
cblr-1726	289	13	by	by	ADP
cblr-1726	289	14	a	a	DET
cblr-1726	289	15	country	country	NOUN
cblr-1726	289	16	in	in	ADP
cblr-1726	289	17	which	which	PRON
cblr-1726	289	18	one	one	NUM
cblr-1726	289	19	or	or	CCONJ
cblr-1726	289	20	both	both	DET
cblr-1726	289	21	parties	party	NOUN
cblr-1726	289	22	carry	carry	VERB
cblr-1726	289	23	on	on	ADP
cblr-1726	289	24	business	business	NOUN
cblr-1726	289	25	,	,	PUNCT
cblr-1726	289	26	they	they	PRON
cblr-1726	289	27	ultimately	ultimately	ADV
cblr-1726	289	28	share	share	VERB
cblr-1726	289	29	a	a	DET
cblr-1726	289	30	number	number	NOUN
cblr-1726	289	31	of	of	ADP
cblr-1726	289	32	important	important	ADJ
cblr-1726	289	33	similarities	similarity	NOUN
cblr-1726	289	34	.	.	PUNCT
cblr-1726	290	1	most	most	ADV
cblr-1726	290	2	importantly	importantly	ADV
cblr-1726	290	3	for	for	ADP
cblr-1726	290	4	the	the	DET
cblr-1726	290	5	present	present	ADJ
cblr-1726	290	6	purposes	purpose	NOUN
cblr-1726	290	7	,	,	PUNCT
cblr-1726	290	8	these	these	DET
cblr-1726	290	9	instruments	instrument	NOUN
cblr-1726	290	10	typically	typically	ADV
cblr-1726	290	11	include	include	VERB
cblr-1726	290	12	state	state	NOUN
cblr-1726	290	13	-	-	PUNCT
cblr-1726	290	14	contingent	contingent	ADJ
cblr-1726	290	15	contractual	contractual	ADJ
cblr-1726	290	16	mechanisms	mechanism	NOUN
cblr-1726	290	17	such	such	ADJ
cblr-1726	290	18	as	as	ADP
cblr-1726	290	19	variation	variation	NOUN
cblr-1726	290	20	margin	margin	NOUN
cblr-1726	290	21	,	,	PUNCT
cblr-1726	290	22	closeout	closeout	NOUN
cblr-1726	290	23	netting	netting	NOUN
cblr-1726	290	24	,	,	PUNCT
cblr-1726	290	25	and	and	CCONJ
cblr-1726	290	26	novation	novation	NOUN
cblr-1726	290	27	requirements	requirement	NOUN
cblr-1726	290	28	designed	design	VERB
cblr-1726	290	29	to	to	PART
cblr-1726	290	30	protect	protect	VERB
cblr-1726	290	31	the	the	DET
cblr-1726	290	32	contracting	contracting	NOUN
cblr-1726	290	33	parties	party	NOUN
cblr-1726	290	34	against	against	ADP
cblr-1726	290	35	changes	change	NOUN
cblr-1726	290	36	in	in	ADP
cblr-1726	290	37	counterparty	counterparty	NOUN
cblr-1726	290	38	credit	credit	NOUN
cblr-1726	290	39	and	and	CCONJ
cblr-1726	290	40	market	market	NOUN
cblr-1726	290	41	risks.49	risks.49	NOUN
cblr-1726	290	42	when	when	SCONJ
cblr-1726	290	43	these	these	DET
cblr-1726	290	44	mechanisms	mechanism	NOUN
cblr-1726	290	45	are	be	AUX
cblr-1726	290	46	triggered	trigger	VERB
cblr-1726	290	47	,	,	PUNCT
cblr-1726	290	48	they	they	PRON
cblr-1726	290	49	require	require	VERB
cblr-1726	290	50	parties	party	NOUN
cblr-1726	290	51	to	to	PART
cblr-1726	290	52	deliver	deliver	VERB
cblr-1726	290	53	the	the	DET
cblr-1726	290	54	agreed	agree	VERB
cblr-1726	290	55	foreign	foreign	ADJ
cblr-1726	290	56	currency	currency	NOUN
cblr-1726	290	57	,	,	PUNCT
cblr-1726	290	58	often	often	ADV
cblr-1726	290	59	within	within	ADP
cblr-1726	290	60	a	a	DET
cblr-1726	290	61	relatively	relatively	ADV
cblr-1726	290	62	short	short	ADJ
cblr-1726	290	63	time	time	NOUN
cblr-1726	290	64	frame.50	frame.50	PROPN
cblr-1726	290	65	these	these	DET
cblr-1726	290	66	ostensibly	ostensibly	ADV
cblr-1726	290	67	long	long	ADJ
cblr-1726	290	68	-	-	PUNCT
cblr-1726	290	69	term	term	NOUN
cblr-1726	290	70	contracts	contract	NOUN
cblr-1726	290	71	thus	thus	ADV
cblr-1726	290	72	include	include	VERB
cblr-1726	290	73	embedded	embed	VERB
cblr-1726	290	74	short	short	ADJ
cblr-1726	290	75	-	-	PUNCT
cblr-1726	290	76	term	term	NOUN
cblr-1726	290	77	foreign	foreign	ADJ
cblr-1726	290	78	currency	currency	NOUN
cblr-1726	290	79	liabilities	liability	NOUN
cblr-1726	290	80	.	.	PUNCT
cblr-1726	291	1	this	this	DET
cblr-1726	291	2	risk	risk	NOUN
cblr-1726	291	3	can	can	AUX
cblr-1726	291	4	of	of	ADP
cblr-1726	291	5	course	course	NOUN
cblr-1726	291	6	be	be	AUX
cblr-1726	291	7	hedged	hedge	VERB
cblr-1726	291	8	,	,	PUNCT
cblr-1726	291	9	but	but	CCONJ
cblr-1726	291	10	at	at	ADP
cblr-1726	291	11	the	the	DET
cblr-1726	291	12	expense	expense	NOUN
cblr-1726	291	13	of	of	ADP
cblr-1726	291	14	the	the	DET
cblr-1726	291	15	expected	expect	VERB
cblr-1726	291	16	profitability	profitability	NOUN
cblr-1726	291	17	of	of	ADP
cblr-1726	291	18	the	the	DET
cblr-1726	291	19	trade	trade	NOUN
cblr-1726	291	20	.	.	PUNCT
cblr-1726	292	1	47	47	NUM
cblr-1726	292	2	see	see	VERB
cblr-1726	292	3	armour	armour	NOUN
cblr-1726	292	4	et	et	PROPN
cblr-1726	292	5	al	al	PROPN
cblr-1726	292	6	.	.	PROPN
cblr-1726	292	7	,	,	PUNCT
cblr-1726	292	8	supra	supra	PROPN
cblr-1726	292	9	note	note	PROPN
cblr-1726	292	10	15	15	NUM
cblr-1726	292	11	,	,	PUNCT
cblr-1726	292	12	at	at	ADP
cblr-1726	292	13	452–54	452–54	NUM
cblr-1726	292	14	.	.	PUNCT
cblr-1726	293	1	48	48	NUM
cblr-1726	293	2	see	see	VERB
cblr-1726	293	3	i	i	PRON
cblr-1726	293	4	d.	d.	PROPN
cblr-1726	293	5	at	at	ADP
cblr-1726	293	6	460–65	460–65	PROPN
cblr-1726	293	7	,	,	PUNCT
cblr-1726	293	8	468–69	468–69	X
cblr-1726	293	9	.	.	PUNCT
cblr-1726	294	1	49	49	NUM
cblr-1726	294	2	see	see	VERB
cblr-1726	294	3	i	i	PRON
cblr-1726	294	4	d.	d.	PROPN
cblr-1726	294	5	at	at	ADP
cblr-1726	294	6	469–72	469–72	PROPN
cblr-1726	294	7	.	.	PUNCT
cblr-1726	295	1	50	50	NUM
cblr-1726	295	2	see	see	VERB
cblr-1726	295	3	generally	generally	ADV
cblr-1726	295	4	darrell	darrell	PROPN
cblr-1726	295	5	duffie	duffie	PROPN
cblr-1726	295	6	,	,	PUNCT
cblr-1726	295	7	the	the	DET
cblr-1726	295	8	failure	failure	NOUN
cblr-1726	295	9	mechanics	mechanic	NOUN
cblr-1726	295	10	of	of	ADP
cblr-1726	295	11	dealer	dealer	NOUN
cblr-1726	295	12	banks	bank	NOUN
cblr-1726	295	13	,	,	PUNCT
cblr-1726	295	14	24	24	NUM
cblr-1726	295	15	j.	j.	PROPN
cblr-1726	295	16	econ	econ	PROPN
cblr-1726	295	17	.	.	PUNCT
cblr-1726	296	1	persp	persp	PROPN
cblr-1726	296	2	.	.	PUNCT
cblr-1726	297	1	51	51	NUM
cblr-1726	297	2	,	,	PUNCT
cblr-1726	297	3	55–58	55–58	NUM
cblr-1726	297	4	(	(	PUNCT
cblr-1726	297	5	2010	2010	NUM
cblr-1726	297	6	)	)	PUNCT
cblr-1726	297	7	(	(	PUNCT
cblr-1726	297	8	describing	describe	VERB
cblr-1726	297	9	the	the	DET
cblr-1726	297	10	vulnerability	vulnerability	NOUN
cblr-1726	297	11	of	of	ADP
cblr-1726	297	12	dealers	dealer	NOUN
cblr-1726	297	13	to	to	PART
cblr-1726	297	14	runs	run	VERB
cblr-1726	297	15	by	by	ADP
cblr-1726	297	16	derivatives	derivative	NOUN
cblr-1726	297	17	and	and	CCONJ
cblr-1726	297	18	repo	repo	ADP
cblr-1726	297	19	counterparties	counterpartie	NOUN
cblr-1726	297	20	and	and	CCONJ
cblr-1726	297	21	other	other	ADJ
cblr-1726	297	22	creditors	creditor	NOUN
cblr-1726	297	23	)	)	PUNCT
cblr-1726	297	24	;	;	PUNCT
cblr-1726	297	25	mark	mark	PROPN
cblr-1726	297	26	j.	j.	PROPN
cblr-1726	297	27	roe	roe	PROPN
cblr-1726	297	28	,	,	PUNCT
cblr-1726	297	29	the	the	DET
cblr-1726	297	30	derivatives	derivative	NOUN
cblr-1726	297	31	market	market	NOUN
cblr-1726	297	32	’s	’s	PART
cblr-1726	297	33	payment	payment	NOUN
cblr-1726	297	34	priorities	priority	NOUN
cblr-1726	297	35	as	as	ADP
cblr-1726	297	36	financial	financial	ADJ
cblr-1726	297	37	crisis	crisis	NOUN
cblr-1726	297	38	accelerator	accelerator	NOUN
cblr-1726	297	39	,	,	PUNCT
cblr-1726	297	40	63	63	NUM
cblr-1726	297	41	stan	stan	NOUN
cblr-1726	297	42	.	.	PUNCT
cblr-1726	298	1	l.	l.	PROPN
cblr-1726	298	2	rev	rev	PROPN
cblr-1726	298	3	.	.	PROPN
cblr-1726	299	1	539	539	NUM
cblr-1726	299	2	,	,	PUNCT
cblr-1726	299	3	542–43	542–43	NUM
cblr-1726	299	4	(	(	PUNCT
cblr-1726	299	5	2011	2011	NUM
cblr-1726	299	6	)	)	PUNCT
cblr-1726	299	7	(	(	PUNCT
cblr-1726	299	8	describing	describe	VERB
cblr-1726	299	9	the	the	DET
cblr-1726	299	10	runs	run	NOUN
cblr-1726	299	11	by	by	ADP
cblr-1726	299	12	derivatives	derivative	NOUN
cblr-1726	299	13	and	and	CCONJ
cblr-1726	299	14	repo	repo	ADP
cblr-1726	299	15	counterparties	counterpartie	NOUN
cblr-1726	299	16	on	on	ADP
cblr-1726	299	17	aig	aig	PROPN
cblr-1726	299	18	,	,	PUNCT
cblr-1726	299	19	bear	bear	NOUN
cblr-1726	299	20	stearns	stearn	NOUN
cblr-1726	299	21	,	,	PUNCT
cblr-1726	299	22	and	and	CCONJ
cblr-1726	299	23	lehman	lehman	PROPN
cblr-1726	299	24	brothers	brother	NOUN
cblr-1726	299	25	)	)	PUNCT
cblr-1726	299	26	.	.	PUNCT
cblr-1726	300	1	awrey	awrey	PROPN
cblr-1726	300	2	–	–	PUNCT
cblr-1726	300	3	final	final	ADJ
cblr-1726	300	4	954	954	NUM
cblr-1726	300	5	columbia	columbia	PROPN
cblr-1726	300	6	business	business	NOUN
cblr-1726	300	7	law	law	PROPN
cblr-1726	300	8	review	review	NOUN
cblr-1726	301	1	[	[	X
cblr-1726	301	2	vol	vol	NOUN
cblr-1726	301	3	.	.	NOUN
cblr-1726	301	4	2017	2017	NUM
cblr-1726	301	5	figure	figure	NOUN
cblr-1726	301	6	1	1	NUM
cblr-1726	301	7	:	:	PUNCT
cblr-1726	301	8	banking	banking	NOUN
cblr-1726	301	9	sector	sector	NOUN
cblr-1726	301	10	foreign	foreign	ADJ
cblr-1726	301	11	currency	currency	NOUN
cblr-1726	301	12	liabilities	liability	NOUN
cblr-1726	301	13	(	(	PUNCT
cblr-1726	301	14	1980–2015)51	1980–2015)51	NUM
cblr-1726	301	15	reflecting	reflect	VERB
cblr-1726	301	16	their	their	PRON
cblr-1726	301	17	wide	wide	ADJ
cblr-1726	301	18	range	range	NOUN
cblr-1726	301	19	of	of	ADP
cblr-1726	301	20	potential	potential	ADJ
cblr-1726	301	21	uses	use	NOUN
cblr-1726	301	22	in	in	ADP
cblr-1726	301	23	international	international	ADJ
cblr-1726	301	24	trade	trade	NOUN
cblr-1726	301	25	,	,	PUNCT
cblr-1726	301	26	finance	finance	NOUN
cblr-1726	301	27	,	,	PUNCT
cblr-1726	301	28	and	and	CCONJ
cblr-1726	301	29	investment	investment	NOUN
cblr-1726	301	30	,	,	PUNCT
cblr-1726	301	31	the	the	DET
cblr-1726	301	32	outstanding	outstanding	ADJ
cblr-1726	301	33	stock	stock	NOUN
cblr-1726	301	34	of	of	ADP
cblr-1726	301	35	eurodollar	eurodollar	PROPN
cblr-1726	301	36	liabilities	liability	NOUN
cblr-1726	301	37	has	have	AUX
cblr-1726	301	38	increased	increase	VERB
cblr-1726	301	39	significantly	significantly	ADV
cblr-1726	301	40	over	over	ADP
cblr-1726	301	41	the	the	DET
cblr-1726	301	42	past	past	ADJ
cblr-1726	301	43	several	several	ADJ
cblr-1726	301	44	decades	decade	NOUN
cblr-1726	301	45	.	.	PUNCT
cblr-1726	302	1	while	while	SCONJ
cblr-1726	302	2	limitations	limitation	NOUN
cblr-1726	302	3	on	on	ADP
cblr-1726	302	4	available	available	ADJ
cblr-1726	302	5	data	datum	NOUN
cblr-1726	302	6	have	have	AUX
cblr-1726	302	7	long	long	ADV
cblr-1726	302	8	made	make	VERB
cblr-1726	302	9	measuring	measure	VERB
cblr-1726	302	10	the	the	DET
cblr-1726	302	11	size	size	NOUN
cblr-1726	302	12	of	of	ADP
cblr-1726	302	13	the	the	DET
cblr-1726	302	14	eurodollar	eurodollar	PROPN
cblr-1726	302	15	market	market	NOUN
cblr-1726	302	16	difficult	difficult	ADJ
cblr-1726	302	17	,	,	PUNCT
cblr-1726	302	18	figures	figure	NOUN
cblr-1726	302	19	recently	recently	ADV
cblr-1726	302	20	released	release	VERB
cblr-1726	302	21	by	by	ADP
cblr-1726	302	22	the	the	DET
cblr-1726	302	23	bank	bank	NOUN
cblr-1726	302	24	for	for	ADP
cblr-1726	302	25	international	international	ADJ
cblr-1726	302	26	settlements	settlement	NOUN
cblr-1726	302	27	(	(	PUNCT
cblr-1726	302	28	the	the	DET
cblr-1726	302	29	“	"	PUNCT
cblr-1726	302	30	bis	bis	ADJ
cblr-1726	302	31	”	"	PUNCT
cblr-1726	302	32	)	)	PUNCT
cblr-1726	302	33	shed	shed	VERB
cblr-1726	302	34	some	some	DET
cblr-1726	302	35	light	light	NOUN
cblr-1726	302	36	on	on	ADP
cblr-1726	302	37	the	the	DET
cblr-1726	302	38	enormous	enormous	ADJ
cblr-1726	302	39	growth	growth	NOUN
cblr-1726	302	40	of	of	ADP
cblr-1726	302	41	the	the	DET
cblr-1726	302	42	global	global	ADJ
cblr-1726	302	43	banking	banking	NOUN
cblr-1726	302	44	system	system	NOUN
cblr-1726	302	45	’s	’s	PART
cblr-1726	302	46	foreign	foreign	ADJ
cblr-1726	302	47	currency	currency	NOUN
cblr-1726	302	48	liabilities	liability	NOUN
cblr-1726	302	49	between	between	ADP
cblr-1726	302	50	1980	1980	NUM
cblr-1726	302	51	and	and	CCONJ
cblr-1726	302	52	2015	2015	NUM
cblr-1726	302	53	(	(	PUNCT
cblr-1726	302	54	figure	figure	NOUN
cblr-1726	302	55	1	1	NUM
cblr-1726	302	56	)	)	PUNCT
cblr-1726	302	57	.	.	PUNCT
cblr-1726	303	1	these	these	DET
cblr-1726	303	2	figures	figure	NOUN
cblr-1726	303	3	show	show	VERB
cblr-1726	303	4	foreign	foreign	ADJ
cblr-1726	303	5	currency	currency	NOUN
cblr-1726	303	6	liabilities	liability	NOUN
cblr-1726	303	7	peaking	peak	VERB
cblr-1726	303	8	at	at	ADP
cblr-1726	303	9	approximately	approximately	ADV
cblr-1726	303	10	$	$	SYM
cblr-1726	303	11	usd25	usd25	NOUN
cblr-1726	303	12	trillion	trillion	NUM
cblr-1726	303	13	on	on	ADP
cblr-1726	303	14	the	the	DET
cblr-1726	303	15	eve	eve	NOUN
cblr-1726	303	16	of	of	ADP
cblr-1726	303	17	the	the	DET
cblr-1726	303	18	global	global	ADJ
cblr-1726	303	19	financial	financial	ADJ
cblr-1726	303	20	crisis	crisis	NOUN
cblr-1726	303	21	,	,	PUNCT
cblr-1726	303	22	with	with	ADP
cblr-1726	303	23	more	more	ADJ
cblr-1726	303	24	than	than	ADP
cblr-1726	303	25	half	half	NOUN
cblr-1726	303	26	of	of	ADP
cblr-1726	303	27	this	this	DET
cblr-1726	303	28	amount	amount	NOUN
cblr-1726	303	29	made	make	VERB
cblr-1726	303	30	up	up	ADP
cblr-1726	303	31	of	of	ADP
cblr-1726	303	32	liabilities	liability	NOUN
cblr-1726	303	33	denominated	denominate	VERB
cblr-1726	303	34	in	in	ADP
cblr-1726	303	35	u.s	u.s	PROPN
cblr-1726	303	36	.	.	PROPN
cblr-1726	303	37	dollars.52	dollars.52	NOUN
cblr-1726	303	38	to	to	PART
cblr-1726	303	39	put	put	VERB
cblr-1726	303	40	these	these	DET
cblr-1726	303	41	figures	figure	NOUN
cblr-1726	303	42	into	into	ADP
cblr-1726	303	43	perspective	perspective	NOUN
cblr-1726	303	44	,	,	PUNCT
cblr-1726	303	45	the	the	DET
cblr-1726	303	46	total	total	ADJ
cblr-1726	303	47	stock	stock	NOUN
cblr-1726	303	48	51	51	NUM
cblr-1726	303	49	edd	edd	PROPN
cblr-1726	303	50	denbee	denbee	NOUN
cblr-1726	303	51	et	et	PROPN
cblr-1726	303	52	al	al	PROPN
cblr-1726	303	53	,	,	PUNCT
cblr-1726	303	54	bank	bank	PROPN
cblr-1726	303	55	of	of	ADP
cblr-1726	303	56	eng	eng	PROPN
cblr-1726	303	57	.	.	PROPN
cblr-1726	303	58	,	,	PUNCT
cblr-1726	303	59	financial	financial	ADJ
cblr-1726	303	60	stability	stability	NOUN
cblr-1726	303	61	paper	paper	NOUN
cblr-1726	303	62	no	no	INTJ
cblr-1726	303	63	.	.	PROPN
cblr-1726	304	1	36	36	NUM
cblr-1726	304	2	:	:	PUNCT
cblr-1726	304	3	stitching	stitch	VERB
cblr-1726	304	4	together	together	ADV
cblr-1726	304	5	the	the	DET
cblr-1726	304	6	global	global	ADJ
cblr-1726	304	7	financial	financial	PROPN
cblr-1726	304	8	safety	safety	PROPN
cblr-1726	304	9	net	net	ADJ
cblr-1726	304	10	6	6	NUM
cblr-1726	304	11	fig.3	fig.3	PROPN
cblr-1726	304	12	(	(	PUNCT
cblr-1726	304	13	2016	2016	NUM
cblr-1726	304	14	)	)	PUNCT
cblr-1726	304	15	,	,	PUNCT
cblr-1726	304	16	http://www.bankofengland.co.uk/financialstability/documents/fpc/fspapers/fs_paper36.pdf	http://www.bankofengland.co.uk/financialstability/documents/fpc/fspapers/fs_paper36.pdf	PUNCT
cblr-1726	305	1	[	[	X
cblr-1726	305	2	perma.cc/x4dn-ps4a	perma.cc/x4dn-ps4a	NOUN
cblr-1726	305	3	]	]	PUNCT
cblr-1726	305	4	.	.	PUNCT
cblr-1726	306	1	52	52	NUM
cblr-1726	306	2	see	see	VERB
cblr-1726	306	3	i	i	PRON
cblr-1726	306	4	d.	d.	PROPN
cblr-1726	306	5	awrey	awrey	PROPN
cblr-1726	306	6	–	–	PUNCT
cblr-1726	306	7	final	final	ADJ
cblr-1726	306	8	no	no	NOUN
cblr-1726	306	9	.	.	PUNCT
cblr-1726	307	1	3:934	3:934	X
cblr-1726	307	2	]	]	X
cblr-1726	307	3	foreign	foreign	ADJ
cblr-1726	307	4	currency	currency	NOUN
cblr-1726	307	5	liquidity	liquidity	NOUN
cblr-1726	307	6	assistance	assistance	NOUN
cblr-1726	307	7	955	955	NUM
cblr-1726	307	8	of	of	ADP
cblr-1726	307	9	domestic	domestic	ADJ
cblr-1726	307	10	u.s	u.s	PROPN
cblr-1726	307	11	.	.	PROPN
cblr-1726	307	12	dollar	dollar	NOUN
cblr-1726	307	13	deposits	deposit	NOUN
cblr-1726	307	14	held	hold	VERB
cblr-1726	307	15	by	by	ADP
cblr-1726	307	16	commercial	commercial	ADJ
cblr-1726	307	17	banks	bank	NOUN
cblr-1726	307	18	insured	insure	VERB
cblr-1726	307	19	by	by	ADP
cblr-1726	307	20	the	the	DET
cblr-1726	307	21	u.s	u.s	PROPN
cblr-1726	307	22	.	.	PROPN
cblr-1726	307	23	federal	federal	ADJ
cblr-1726	307	24	deposit	deposit	NOUN
cblr-1726	307	25	insurance	insurance	NOUN
cblr-1726	307	26	corporation	corporation	NOUN
cblr-1726	307	27	(	(	PUNCT
cblr-1726	307	28	the	the	DET
cblr-1726	307	29	“	"	PUNCT
cblr-1726	307	30	fdic	fdic	ADJ
cblr-1726	307	31	”	"	PUNCT
cblr-1726	307	32	)	)	PUNCT
cblr-1726	307	33	was	be	AUX
cblr-1726	307	34	approximately	approximately	ADV
cblr-1726	307	35	$	$	SYM
cblr-1726	307	36	usd11.7	usd11.7	NOUN
cblr-1726	307	37	trillion	trillion	NUM
cblr-1726	307	38	at	at	ADP
cblr-1726	307	39	the	the	DET
cblr-1726	307	40	end	end	NOUN
cblr-1726	307	41	of	of	ADP
cblr-1726	307	42	2016.53	2016.53	NUM
cblr-1726	307	43	ultimately	ultimately	ADV
cblr-1726	307	44	,	,	PUNCT
cblr-1726	307	45	of	of	ADP
cblr-1726	307	46	course	course	NOUN
cblr-1726	307	47	,	,	PUNCT
cblr-1726	307	48	these	these	DET
cblr-1726	307	49	figures	figure	NOUN
cblr-1726	307	50	only	only	ADV
cblr-1726	307	51	provide	provide	VERB
cblr-1726	307	52	us	we	PRON
cblr-1726	307	53	with	with	ADP
cblr-1726	307	54	an	an	DET
cblr-1726	307	55	impressionistic	impressionistic	ADJ
cblr-1726	307	56	sense	sense	NOUN
cblr-1726	307	57	of	of	ADP
cblr-1726	307	58	the	the	DET
cblr-1726	307	59	size	size	NOUN
cblr-1726	307	60	of	of	ADP
cblr-1726	307	61	the	the	DET
cblr-1726	307	62	global	global	ADJ
cblr-1726	307	63	eurodollar	eurodollar	PROPN
cblr-1726	307	64	market	market	NOUN
cblr-1726	307	65	.	.	PUNCT
cblr-1726	308	1	specifically	specifically	ADV
cblr-1726	308	2	,	,	PUNCT
cblr-1726	308	3	insofar	insofar	ADV
cblr-1726	308	4	as	as	SCONJ
cblr-1726	308	5	these	these	DET
cblr-1726	308	6	figures	figure	NOUN
cblr-1726	308	7	include	include	VERB
cblr-1726	308	8	longer	long	ADJ
cblr-1726	308	9	-	-	PUNCT
cblr-1726	308	10	term	term	NOUN
cblr-1726	308	11	foreign	foreign	ADJ
cblr-1726	308	12	currency	currency	NOUN
cblr-1726	308	13	liabilities	liability	NOUN
cblr-1726	308	14	of	of	ADP
cblr-1726	308	15	banks	bank	NOUN
cblr-1726	308	16	(	(	PUNCT
cblr-1726	308	17	and	and	CCONJ
cblr-1726	308	18	exclude	exclude	VERB
cblr-1726	308	19	short	short	ADJ
cblr-1726	308	20	-	-	PUNCT
cblr-1726	308	21	term	term	NOUN
cblr-1726	308	22	foreign	foreign	ADJ
cblr-1726	308	23	currency	currency	NOUN
cblr-1726	308	24	liabilities	liability	NOUN
cblr-1726	308	25	of	of	ADP
cblr-1726	308	26	non	non	ADJ
cblr-1726	308	27	-	-	ADJ
cblr-1726	308	28	bank	bank	ADJ
cblr-1726	308	29	financial	financial	ADJ
cblr-1726	308	30	intermediaries	intermediary	NOUN
cblr-1726	308	31	and	and	CCONJ
cblr-1726	308	32	contingent	contingent	ADJ
cblr-1726	308	33	foreign	foreign	ADJ
cblr-1726	308	34	currency	currency	NOUN
cblr-1726	308	35	liabilities	liability	NOUN
cblr-1726	308	36	embedded	embed	VERB
cblr-1726	308	37	within	within	ADP
cblr-1726	308	38	structured	structured	ADJ
cblr-1726	308	39	finance	finance	NOUN
cblr-1726	308	40	products	product	NOUN
cblr-1726	308	41	and	and	CCONJ
cblr-1726	308	42	other	other	ADJ
cblr-1726	308	43	derivatives	derivative	NOUN
cblr-1726	308	44	)	)	PUNCT
cblr-1726	308	45	,	,	PUNCT
cblr-1726	308	46	these	these	DET
cblr-1726	308	47	figures	figure	NOUN
cblr-1726	308	48	overstate	overstate	VERB
cblr-1726	308	49	(	(	PUNCT
cblr-1726	308	50	understate	understate	VERB
cblr-1726	308	51	)	)	PUNCT
cblr-1726	308	52	the	the	DET
cblr-1726	308	53	true	true	ADJ
cblr-1726	308	54	size	size	NOUN
cblr-1726	308	55	of	of	ADP
cblr-1726	308	56	this	this	DET
cblr-1726	308	57	market	market	NOUN
cblr-1726	308	58	.	.	PUNCT
cblr-1726	309	1	nevertheless	nevertheless	ADV
cblr-1726	309	2	,	,	PUNCT
cblr-1726	309	3	these	these	DET
cblr-1726	309	4	figures	figure	NOUN
cblr-1726	309	5	underscore	underscore	VERB
cblr-1726	309	6	both	both	CCONJ
cblr-1726	309	7	the	the	DET
cblr-1726	309	8	important	important	ADJ
cblr-1726	309	9	roles	role	NOUN
cblr-1726	309	10	that	that	PRON
cblr-1726	309	11	the	the	DET
cblr-1726	309	12	eurodollar	eurodollar	PROPN
cblr-1726	309	13	market	market	NOUN
cblr-1726	309	14	plays	play	VERB
cblr-1726	309	15	within	within	ADP
cblr-1726	309	16	the	the	DET
cblr-1726	309	17	global	global	ADJ
cblr-1726	309	18	economic	economic	ADJ
cblr-1726	309	19	and	and	CCONJ
cblr-1726	309	20	financial	financial	ADJ
cblr-1726	309	21	system	system	NOUN
cblr-1726	309	22	and	and	CCONJ
cblr-1726	309	23	its	its	PRON
cblr-1726	309	24	dramatic	dramatic	ADJ
cblr-1726	309	25	growth	growth	NOUN
cblr-1726	309	26	in	in	ADP
cblr-1726	309	27	recent	recent	ADJ
cblr-1726	309	28	decades	decade	NOUN
cblr-1726	309	29	.	.	PUNCT
cblr-1726	310	1	iii	iii	X
cblr-1726	310	2	.	.	PUNCT
cblr-1726	310	3	financial	financial	ADJ
cblr-1726	310	4	crisis	crisis	NOUN
cblr-1726	310	5	management	management	NOUN
cblr-1726	310	6	and	and	CCONJ
cblr-1726	310	7	the	the	DET
cblr-1726	310	8	problem	problem	NOUN
cblr-1726	310	9	of	of	ADP
cblr-1726	310	10	fcla	fcla	NOUN
cblr-1726	310	11	the	the	DET
cblr-1726	310	12	growth	growth	NOUN
cblr-1726	310	13	and	and	CCONJ
cblr-1726	310	14	importance	importance	NOUN
cblr-1726	310	15	of	of	ADP
cblr-1726	310	16	the	the	DET
cblr-1726	310	17	eurodollar	eurodollar	PROPN
cblr-1726	310	18	market	market	NOUN
cblr-1726	310	19	poses	pose	VERB
cblr-1726	310	20	a	a	DET
cblr-1726	310	21	number	number	NOUN
cblr-1726	310	22	of	of	ADP
cblr-1726	310	23	challenges	challenge	NOUN
cblr-1726	310	24	for	for	ADP
cblr-1726	310	25	central	central	ADJ
cblr-1726	310	26	banks	bank	NOUN
cblr-1726	310	27	charged	charge	VERB
cblr-1726	310	28	with	with	ADP
cblr-1726	310	29	the	the	DET
cblr-1726	310	30	responsibility	responsibility	NOUN
cblr-1726	310	31	for	for	ADP
cblr-1726	310	32	financial	financial	ADJ
cblr-1726	310	33	crisis	crisis	NOUN
cblr-1726	310	34	management	management	NOUN
cblr-1726	310	35	.	.	PUNCT
cblr-1726	311	1	as	as	SCONJ
cblr-1726	311	2	articulated	articulated	ADJ
cblr-1726	311	3	most	most	ADV
cblr-1726	311	4	famously	famously	ADV
cblr-1726	311	5	by	by	ADP
cblr-1726	311	6	walter	walter	PROPN
cblr-1726	311	7	bagehot	bagehot	PROPN
cblr-1726	311	8	,	,	PUNCT
cblr-1726	311	9	the	the	DET
cblr-1726	311	10	core	core	ADJ
cblr-1726	311	11	principles	principle	NOUN
cblr-1726	311	12	of	of	ADP
cblr-1726	311	13	financial	financial	ADJ
cblr-1726	311	14	crisis	crisis	NOUN
cblr-1726	311	15	management	management	NOUN
cblr-1726	311	16	call	call	NOUN
cblr-1726	311	17	upon	upon	SCONJ
cblr-1726	311	18	central	central	ADJ
cblr-1726	311	19	banks	bank	NOUN
cblr-1726	311	20	to	to	PART
cblr-1726	311	21	lend	lend	VERB
cblr-1726	311	22	freely	freely	ADV
cblr-1726	311	23	,	,	PUNCT
cblr-1726	311	24	against	against	ADP
cblr-1726	311	25	good	good	ADJ
cblr-1726	311	26	quality	quality	NOUN
cblr-1726	311	27	collateral	collateral	NOUN
cblr-1726	311	28	,	,	PUNCT
cblr-1726	311	29	and	and	CCONJ
cblr-1726	311	30	at	at	ADP
cblr-1726	311	31	a	a	DET
cblr-1726	311	32	penalty	penalty	NOUN
cblr-1726	311	33	rate	rate	NOUN
cblr-1726	311	34	of	of	ADP
cblr-1726	311	35	interest	interest	NOUN
cblr-1726	311	36	,	,	PUNCT
cblr-1726	311	37	to	to	ADP
cblr-1726	311	38	solvent	solvent	VERB
cblr-1726	311	39	but	but	CCONJ
cblr-1726	311	40	illiquid	illiquid	ADJ
cblr-1726	311	41	banks	bank	NOUN
cblr-1726	311	42	and	and	CCONJ
cblr-1726	311	43	other	other	ADJ
cblr-1726	311	44	financial	financial	ADJ
cblr-1726	311	45	institutions	institution	NOUN
cblr-1726	311	46	during	during	ADP
cblr-1726	311	47	periods	period	NOUN
cblr-1726	311	48	of	of	ADP
cblr-1726	311	49	widespread	widespread	ADJ
cblr-1726	311	50	panic	panic	NOUN
cblr-1726	311	51	and	and	CCONJ
cblr-1726	311	52	instability.54	instability.54	VERB
cblr-1726	311	53	this	this	DET
cblr-1726	311	54	prescription	prescription	NOUN
cblr-1726	311	55	,	,	PUNCT
cblr-1726	311	56	often	often	ADV
cblr-1726	311	57	referred	refer	VERB
cblr-1726	311	58	to	to	ADP
cblr-1726	311	59	as	as	ADP
cblr-1726	311	60	“	"	PUNCT
cblr-1726	311	61	bagehot	bagehot	PROPN
cblr-1726	311	62	’s	’s	PART
cblr-1726	311	63	dictum	dictum	NOUN
cblr-1726	311	64	,	,	PUNCT
cblr-1726	311	65	”	"	PUNCT
cblr-1726	311	66	represents	represent	VERB
cblr-1726	311	67	the	the	DET
cblr-1726	311	68	animating	animate	VERB
cblr-1726	311	69	spirit	spirit	NOUN
cblr-1726	311	70	,	,	PUNCT
cblr-1726	311	71	if	if	SCONJ
cblr-1726	311	72	not	not	PART
cblr-1726	311	73	always	always	ADV
cblr-1726	311	74	the	the	DET
cblr-1726	311	75	strict	strict	ADJ
cblr-1726	311	76	legal	legal	ADJ
cblr-1726	311	77	53	53	NUM
cblr-1726	311	78	see	see	VERB
cblr-1726	311	79	fed	fed	PROPN
cblr-1726	311	80	.	.	PUNCT
cblr-1726	312	1	deposit	deposit	PROPN
cblr-1726	312	2	ins	ins	PROPN
cblr-1726	312	3	.	.	PUNCT
cblr-1726	312	4	corp	corp	PROPN
cblr-1726	312	5	.	.	PROPN
cblr-1726	312	6	,	,	PUNCT
cblr-1726	312	7	latest	late	ADJ
cblr-1726	312	8	industry	industry	NOUN
cblr-1726	312	9	trends	trend	NOUN
cblr-1726	312	10	:	:	PUNCT
cblr-1726	312	11	statistics	statistic	NOUN
cblr-1726	312	12	at	at	ADP
cblr-1726	312	13	a	a	DET
cblr-1726	312	14	glance	glance	NOUN
cblr-1726	312	15	(	(	PUNCT
cblr-1726	312	16	2016	2016	NUM
cblr-1726	312	17	)	)	PUNCT
cblr-1726	312	18	,	,	PUNCT
cblr-1726	312	19	https://www.fdic.gov/bank/statistical/stats/2016dec/industry.pdf	https://www.fdic.gov/bank/statistical/stats/2016dec/industry.pdf	X
cblr-1726	313	1	[	[	X
cblr-1726	313	2	perma.cc/x4dn-ps4a	perma.cc/x4dn-ps4a	NOUN
cblr-1726	313	3	]	]	PUNCT
cblr-1726	313	4	.	.	PUNCT
cblr-1726	314	1	54	54	NUM
cblr-1726	314	2	see	see	VERB
cblr-1726	314	3	bagehot	bagehot	NOUN
cblr-1726	314	4	,	,	PUNCT
cblr-1726	314	5	supra	supra	PROPN
cblr-1726	314	6	note	note	PROPN
cblr-1726	314	7	19	19	NUM
cblr-1726	314	8	,	,	PUNCT
cblr-1726	314	9	at	at	ADP
cblr-1726	314	10	21–22	21–22	NUM
cblr-1726	314	11	.	.	PUNCT
cblr-1726	315	1	while	while	SCONJ
cblr-1726	315	2	bagehot	bagehot	NOUN
cblr-1726	315	3	is	be	AUX
cblr-1726	315	4	often	often	ADV
cblr-1726	315	5	credited	credit	VERB
cblr-1726	315	6	with	with	ADP
cblr-1726	315	7	having	have	VERB
cblr-1726	315	8	first	first	ADV
cblr-1726	315	9	articulated	articulate	VERB
cblr-1726	315	10	these	these	DET
cblr-1726	315	11	principles	principle	NOUN
cblr-1726	315	12	,	,	PUNCT
cblr-1726	315	13	that	that	PRON
cblr-1726	315	14	honour	honour	NOUN
cblr-1726	315	15	largely	largely	ADV
cblr-1726	315	16	falls	fall	VERB
cblr-1726	315	17	to	to	ADP
cblr-1726	315	18	fellow	fellow	NOUN
cblr-1726	315	19	englishman	englishman	NOUN
cblr-1726	315	20	henry	henry	PROPN
cblr-1726	315	21	thornton	thornton	PROPN
cblr-1726	315	22	.	.	PUNCT
cblr-1726	316	1	see	see	VERB
cblr-1726	316	2	generally	generally	ADV
cblr-1726	316	3	henry	henry	PROPN
cblr-1726	316	4	thornton	thornton	PROPN
cblr-1726	316	5	,	,	PUNCT
cblr-1726	316	6	an	an	DET
cblr-1726	316	7	enquiry	enquiry	NOUN
cblr-1726	316	8	into	into	ADP
cblr-1726	316	9	the	the	DET
cblr-1726	316	10	nature	nature	NOUN
cblr-1726	316	11	and	and	CCONJ
cblr-1726	316	12	effects	effect	NOUN
cblr-1726	316	13	of	of	ADP
cblr-1726	316	14	the	the	DET
cblr-1726	316	15	paper	paper	NOUN
cblr-1726	316	16	credit	credit	NOUN
cblr-1726	316	17	of	of	ADP
cblr-1726	316	18	great	great	ADJ
cblr-1726	316	19	britain	britain	PROPN
cblr-1726	316	20	(	(	PUNCT
cblr-1726	316	21	f.	f.	PROPN
cblr-1726	316	22	a.	a.	PROPN
cblr-1726	317	1	v.	v.	PROPN
cblr-1726	317	2	hayek	hayek	PROPN
cblr-1726	317	3	ed	ed	NOUN
cblr-1726	317	4	.	.	PROPN
cblr-1726	317	5	,	,	PUNCT
cblr-1726	317	6	farrar	farrar	PROPN
cblr-1726	317	7	&	&	CCONJ
cblr-1726	317	8	rinehart	rinehart	PROPN
cblr-1726	317	9	1939	1939	NUM
cblr-1726	317	10	)	)	PUNCT
cblr-1726	317	11	(	(	PUNCT
cblr-1726	317	12	1802	1802	NUM
cblr-1726	317	13	)	)	PUNCT
cblr-1726	317	14	.	.	PUNCT
cblr-1726	318	1	awrey	awrey	PROPN
cblr-1726	318	2	–	–	PUNCT
cblr-1726	318	3	final	final	ADJ
cblr-1726	318	4	956	956	NUM
cblr-1726	318	5	columbia	columbia	PROPN
cblr-1726	318	6	business	business	NOUN
cblr-1726	318	7	law	law	PROPN
cblr-1726	318	8	review	review	NOUN
cblr-1726	319	1	[	[	X
cblr-1726	319	2	vol	vol	NOUN
cblr-1726	319	3	.	.	NOUN
cblr-1726	319	4	2017	2017	NUM
cblr-1726	319	5	letter	letter	NOUN
cblr-1726	319	6	,	,	PUNCT
cblr-1726	319	7	underpinning	underpin	VERB
cblr-1726	319	8	the	the	DET
cblr-1726	319	9	diverse	diverse	ADJ
cblr-1726	319	10	array	array	NOUN
cblr-1726	319	11	of	of	ADP
cblr-1726	319	12	institutional	institutional	ADJ
cblr-1726	319	13	arrangements	arrangement	NOUN
cblr-1726	319	14	through	through	ADP
cblr-1726	319	15	which	which	PRON
cblr-1726	319	16	central	central	ADJ
cblr-1726	319	17	banks	bank	NOUN
cblr-1726	319	18	provide	provide	VERB
cblr-1726	319	19	‘	'	PUNCT
cblr-1726	319	20	lender	lender	NOUN
cblr-1726	319	21	of	of	ADP
cblr-1726	319	22	last	last	ADJ
cblr-1726	319	23	resort	resort	NOUN
cblr-1726	319	24	’	'	PUNCT
cblr-1726	319	25	or	or	CCONJ
cblr-1726	319	26	ela	ela	PROPN
cblr-1726	319	27	facilities.55	facilities.55	NOUN
cblr-1726	319	28	historically	historically	ADV
cblr-1726	319	29	,	,	PUNCT
cblr-1726	319	30	the	the	DET
cblr-1726	319	31	core	core	ADJ
cblr-1726	319	32	principles	principle	NOUN
cblr-1726	319	33	of	of	ADP
cblr-1726	319	34	financial	financial	ADJ
cblr-1726	319	35	crisis	crisis	NOUN
cblr-1726	319	36	management	management	NOUN
cblr-1726	319	37	have	have	AUX
cblr-1726	319	38	been	be	AUX
cblr-1726	319	39	developed	develop	VERB
cblr-1726	319	40	and	and	CCONJ
cblr-1726	319	41	applied	apply	VERB
cblr-1726	319	42	predominantly	predominantly	ADV
cblr-1726	319	43	at	at	ADP
cblr-1726	319	44	the	the	DET
cblr-1726	319	45	domestic	domestic	ADJ
cblr-1726	319	46	level	level	NOUN
cblr-1726	319	47	,	,	PUNCT
cblr-1726	319	48	with	with	ADP
cblr-1726	319	49	national	national	ADJ
cblr-1726	319	50	central	central	ADJ
cblr-1726	319	51	banks	bank	NOUN
cblr-1726	319	52	providing	provide	VERB
cblr-1726	319	53	ela	ela	PROPN
cblr-1726	319	54	to	to	ADP
cblr-1726	319	55	the	the	DET
cblr-1726	319	56	domestic	domestic	ADJ
cblr-1726	319	57	banking	banking	NOUN
cblr-1726	319	58	system	system	NOUN
cblr-1726	319	59	,	,	PUNCT
cblr-1726	319	60	denominated	denominate	VERB
cblr-1726	319	61	in	in	ADP
cblr-1726	319	62	the	the	DET
cblr-1726	319	63	domestic	domestic	ADJ
cblr-1726	319	64	currency.56	currency.56	NOUN
cblr-1726	319	65	as	as	ADP
cblr-1726	319	66	a	a	DET
cblr-1726	319	67	consequence	consequence	NOUN
cblr-1726	319	68	,	,	PUNCT
cblr-1726	319	69	these	these	DET
cblr-1726	319	70	principles	principle	NOUN
cblr-1726	319	71	have	have	AUX
cblr-1726	319	72	not	not	PART
cblr-1726	319	73	fully	fully	ADV
cblr-1726	319	74	evolved	evolve	VERB
cblr-1726	319	75	to	to	PART
cblr-1726	319	76	reflect	reflect	VERB
cblr-1726	319	77	the	the	DET
cblr-1726	319	78	emergence	emergence	NOUN
cblr-1726	319	79	and	and	CCONJ
cblr-1726	319	80	growth	growth	NOUN
cblr-1726	319	81	of	of	ADP
cblr-1726	319	82	the	the	DET
cblr-1726	319	83	eurodollar	eurodollar	PROPN
cblr-1726	319	84	market	market	NOUN
cblr-1726	319	85	.	.	PUNCT
cblr-1726	320	1	this	this	DET
cblr-1726	320	2	part	part	NOUN
cblr-1726	320	3	describes	describe	VERB
cblr-1726	320	4	these	these	DET
cblr-1726	320	5	principles	principle	NOUN
cblr-1726	320	6	.	.	PUNCT
cblr-1726	321	1	it	it	PRON
cblr-1726	321	2	then	then	ADV
cblr-1726	321	3	identifies	identify	VERB
cblr-1726	321	4	the	the	DET
cblr-1726	321	5	significant	significant	ADJ
cblr-1726	321	6	practical	practical	ADJ
cblr-1726	321	7	constraints	constraint	NOUN
cblr-1726	321	8	in	in	ADP
cblr-1726	321	9	applying	apply	VERB
cblr-1726	321	10	these	these	DET
cblr-1726	321	11	principles	principle	NOUN
cblr-1726	321	12	in	in	ADP
cblr-1726	321	13	a	a	DET
cblr-1726	321	14	world	world	NOUN
cblr-1726	321	15	where	where	SCONJ
cblr-1726	321	16	banks	bank	NOUN
cblr-1726	321	17	and	and	CCONJ
cblr-1726	321	18	other	other	ADJ
cblr-1726	321	19	financial	financial	ADJ
cblr-1726	321	20	institutions	institution	NOUN
cblr-1726	321	21	rely	rely	VERB
cblr-1726	321	22	heavily	heavily	ADV
cblr-1726	321	23	on	on	ADP
cblr-1726	321	24	the	the	DET
cblr-1726	321	25	issuance	issuance	NOUN
cblr-1726	321	26	of	of	ADP
cblr-1726	321	27	eurodollar	eurodollar	PROPN
cblr-1726	321	28	liabilities	liability	NOUN
cblr-1726	321	29	and	and	CCONJ
cblr-1726	321	30	where	where	SCONJ
cblr-1726	321	31	,	,	PUNCT
cblr-1726	321	32	accordingly	accordingly	ADV
cblr-1726	321	33	,	,	PUNCT
cblr-1726	321	34	these	these	DET
cblr-1726	321	35	institutions	institution	NOUN
cblr-1726	321	36	are	be	AUX
cblr-1726	321	37	likely	likely	ADJ
cblr-1726	321	38	to	to	PART
cblr-1726	321	39	require	require	VERB
cblr-1726	321	40	fcla	fcla	NOUN
cblr-1726	321	41	during	during	ADP
cblr-1726	321	42	periods	period	NOUN
cblr-1726	321	43	of	of	ADP
cblr-1726	321	44	widespread	widespread	ADJ
cblr-1726	321	45	panic	panic	NOUN
cblr-1726	321	46	and	and	CCONJ
cblr-1726	321	47	instability	instability	NOUN
cblr-1726	321	48	.	.	PUNCT
cblr-1726	322	1	a.	a.	NOUN
cblr-1726	323	1	the	the	DET
cblr-1726	323	2	fundamentals	fundamental	NOUN
cblr-1726	323	3	of	of	ADP
cblr-1726	323	4	emergency	emergency	NOUN
cblr-1726	323	5	liquidity	liquidity	NOUN
cblr-1726	323	6	assistance	assistance	NOUN
cblr-1726	323	7	in	in	ADP
cblr-1726	323	8	order	order	NOUN
cblr-1726	323	9	to	to	PART
cblr-1726	323	10	understand	understand	VERB
cblr-1726	323	11	the	the	DET
cblr-1726	323	12	fundamentals	fundamental	NOUN
cblr-1726	323	13	of	of	ADP
cblr-1726	323	14	ela	ela	PROPN
cblr-1726	323	15	,	,	PUNCT
cblr-1726	323	16	one	one	PRON
cblr-1726	323	17	must	must	AUX
cblr-1726	323	18	first	first	ADV
cblr-1726	323	19	understand	understand	VERB
cblr-1726	323	20	the	the	DET
cblr-1726	323	21	peculiar	peculiar	ADJ
cblr-1726	323	22	business	business	NOUN
cblr-1726	323	23	of	of	ADP
cblr-1726	323	24	banking	banking	NOUN
cblr-1726	323	25	.	.	PUNCT
cblr-1726	324	1	the	the	DET
cblr-1726	324	2	defining	define	VERB
cblr-1726	324	3	feature	feature	NOUN
cblr-1726	324	4	of	of	ADP
cblr-1726	324	5	banks	bank	NOUN
cblr-1726	324	6	is	be	AUX
cblr-1726	324	7	that	that	SCONJ
cblr-1726	324	8	they	they	PRON
cblr-1726	324	9	raise	raise	VERB
cblr-1726	324	10	a	a	DET
cblr-1726	324	11	significant	significant	ADJ
cblr-1726	324	12	proportion	proportion	NOUN
cblr-1726	324	13	of	of	ADP
cblr-1726	324	14	their	their	PRON
cblr-1726	324	15	capital	capital	NOUN
cblr-1726	324	16	through	through	ADP
cblr-1726	324	17	the	the	DET
cblr-1726	324	18	issuance	issuance	NOUN
cblr-1726	324	19	of	of	ADP
cblr-1726	324	20	short	short	ADJ
cblr-1726	324	21	-	-	PUNCT
cblr-1726	324	22	term	term	NOUN
cblr-1726	324	23	,	,	PUNCT
cblr-1726	324	24	liquid	liquid	ADJ
cblr-1726	324	25	liabilities	liability	NOUN
cblr-1726	324	26	.	.	PUNCT
cblr-1726	325	1	these	these	DET
cblr-1726	325	2	liabilities	liability	NOUN
cblr-1726	325	3	include	include	VERB
cblr-1726	325	4	demand	demand	NOUN
cblr-1726	325	5	,	,	PUNCT
cblr-1726	325	6	time	time	NOUN
cblr-1726	325	7	,	,	PUNCT
cblr-1726	325	8	and	and	CCONJ
cblr-1726	325	9	other	other	ADJ
cblr-1726	325	10	types	type	NOUN
cblr-1726	325	11	of	of	ADP
cblr-1726	325	12	deposits	deposit	NOUN
cblr-1726	325	13	,	,	PUNCT
cblr-1726	325	14	along	along	ADP
cblr-1726	325	15	with	with	ADP
cblr-1726	325	16	short	short	ADJ
cblr-1726	325	17	-	-	PUNCT
cblr-1726	325	18	term	term	NOUN
cblr-1726	325	19	wholesale	wholesale	ADJ
cblr-1726	325	20	borrowing	borrowing	NOUN
cblr-1726	325	21	from	from	ADP
cblr-1726	325	22	other	other	ADJ
cblr-1726	325	23	banks	bank	NOUN
cblr-1726	325	24	and	and	CCONJ
cblr-1726	325	25	financial	financial	ADJ
cblr-1726	325	26	institutions	institution	NOUN
cblr-1726	325	27	through	through	ADP
cblr-1726	325	28	the	the	DET
cblr-1726	325	29	commercial	commercial	ADJ
cblr-1726	325	30	paper	paper	NOUN
cblr-1726	325	31	and	and	CCONJ
cblr-1726	325	32	repo	repo	ADP
cblr-1726	325	33	markets.57	markets.57	NOUN
cblr-1726	325	34	banks	bank	NOUN
cblr-1726	325	35	then	then	ADV
cblr-1726	325	36	invest	invest	VERB
cblr-1726	325	37	this	this	DET
cblr-1726	325	38	cap	cap	NOUN
cblr-1726	325	39	55	55	NUM
cblr-1726	325	40	see	see	NOUN
cblr-1726	325	41	xavier	xavier	PROPN
cblr-1726	325	42	freixas	freixas	PROPN
cblr-1726	325	43	et	et	PROPN
cblr-1726	325	44	al	al	PROPN
cblr-1726	325	45	.	.	PROPN
cblr-1726	325	46	,	,	PUNCT
cblr-1726	325	47	lender	lender	NOUN
cblr-1726	325	48	of	of	ADP
cblr-1726	325	49	last	last	ADJ
cblr-1726	325	50	resort	resort	NOUN
cblr-1726	325	51	:	:	PUNCT
cblr-1726	325	52	a	a	DET
cblr-1726	325	53	review	review	NOUN
cblr-1726	325	54	of	of	ADP
cblr-1726	325	55	the	the	DET
cblr-1726	325	56	literature	literature	NOUN
cblr-1726	325	57	,	,	PUNCT
cblr-1726	325	58	fin	fin	PROPN
cblr-1726	325	59	.	.	PUNCT
cblr-1726	326	1	stability	stability	PROPN
cblr-1726	326	2	rev	rev	VERB
cblr-1726	326	3	.	.	PROPN
cblr-1726	326	4	151	151	NUM
cblr-1726	326	5	(	(	PUNCT
cblr-1726	326	6	1999	1999	NUM
cblr-1726	326	7	)	)	PUNCT
cblr-1726	326	8	.	.	PUNCT
cblr-1726	327	1	56	56	NUM
cblr-1726	327	2	this	this	DET
cblr-1726	327	3	domestic	domestic	ADJ
cblr-1726	327	4	focus	focus	NOUN
cblr-1726	327	5	is	be	AUX
cblr-1726	327	6	reflected	reflect	VERB
cblr-1726	327	7	in	in	ADP
cblr-1726	327	8	the	the	DET
cblr-1726	327	9	academic	academic	ADJ
cblr-1726	327	10	and	and	CCONJ
cblr-1726	327	11	policy	policy	NOUN
cblr-1726	327	12	literature	literature	NOUN
cblr-1726	327	13	.	.	PUNCT
cblr-1726	328	1	see	see	VERB
cblr-1726	328	2	generally	generally	ADV
cblr-1726	328	3	i	i	PRON
cblr-1726	328	4	d.	d.	PROPN
cblr-1726	328	5	at	at	ADP
cblr-1726	328	6	158–59	158–59	NUM
cblr-1726	328	7	,	,	PUNCT
cblr-1726	328	8	162	162	NUM
cblr-1726	328	9	.	.	PUNCT
cblr-1726	329	1	fcla	fcla	NOUN
cblr-1726	329	2	discussions	discussion	NOUN
cblr-1726	329	3	have	have	AUX
cblr-1726	329	4	often	often	ADV
cblr-1726	329	5	been	be	AUX
cblr-1726	329	6	in	in	ADP
cblr-1726	329	7	extremely	extremely	ADV
cblr-1726	329	8	vague	vague	ADJ
cblr-1726	329	9	terms	term	NOUN
cblr-1726	329	10	.	.	PUNCT
cblr-1726	330	1	see	see	VERB
cblr-1726	330	2	bank	bank	NOUN
cblr-1726	330	3	for	for	ADP
cblr-1726	330	4	int’l	int’l	NUM
cblr-1726	330	5	settlements	settlement	NOUN
cblr-1726	330	6	,	,	PUNCT
cblr-1726	330	7	statement	statement	NOUN
cblr-1726	330	8	of	of	ADP
cblr-1726	330	9	central	central	ADJ
cblr-1726	330	10	bankers	banker	NOUN
cblr-1726	330	11	,	,	PUNCT
cblr-1726	330	12	n.y	n.y	PROPN
cblr-1726	330	13	.	.	PROPN
cblr-1726	330	14	times	times	PROPN
cblr-1726	330	15	,	,	PUNCT
cblr-1726	330	16	sept	sept	PROPN
cblr-1726	330	17	.	.	PROPN
cblr-1726	330	18	11	11	NUM
cblr-1726	330	19	,	,	PUNCT
cblr-1726	330	20	1974	1974	NUM
cblr-1726	330	21	,	,	PUNCT
cblr-1726	330	22	at	at	ADP
cblr-1726	330	23	64	64	NUM
cblr-1726	330	24	(	(	PUNCT
cblr-1726	330	25	“	"	PUNCT
cblr-1726	330	26	the	the	DET
cblr-1726	330	27	governors	governor	NOUN
cblr-1726	330	28	also	also	ADV
cblr-1726	330	29	had	have	VERB
cblr-1726	330	30	an	an	DET
cblr-1726	330	31	exchange	exchange	NOUN
cblr-1726	330	32	of	of	ADP
cblr-1726	330	33	views	view	NOUN
cblr-1726	330	34	on	on	ADP
cblr-1726	330	35	the	the	DET
cblr-1726	330	36	problem	problem	NOUN
cblr-1726	330	37	of	of	ADP
cblr-1726	330	38	the	the	DET
cblr-1726	330	39	lender	lender	NOUN
cblr-1726	330	40	of	of	ADP
cblr-1726	330	41	last	last	ADJ
cblr-1726	330	42	resort	resort	NOUN
cblr-1726	330	43	in	in	ADP
cblr-1726	330	44	the	the	DET
cblr-1726	330	45	euromarkets	euromarket	NOUN
cblr-1726	330	46	.	.	PUNCT
cblr-1726	331	1	they	they	PRON
cblr-1726	331	2	recognized	recognize	VERB
cblr-1726	331	3	that	that	SCONJ
cblr-1726	331	4	it	it	PRON
cblr-1726	331	5	would	would	AUX
cblr-1726	331	6	not	not	PART
cblr-1726	331	7	be	be	AUX
cblr-1726	331	8	practical	practical	ADJ
cblr-1726	331	9	to	to	PART
cblr-1726	331	10	lay	lay	VERB
cblr-1726	331	11	down	down	ADP
cblr-1726	331	12	in	in	ADP
cblr-1726	331	13	advance	advance	NOUN
cblr-1726	331	14	detailed	detailed	ADJ
cblr-1726	331	15	rules	rule	NOUN
cblr-1726	331	16	and	and	CCONJ
cblr-1726	331	17	procedures	procedure	NOUN
cblr-1726	331	18	for	for	ADP
cblr-1726	331	19	the	the	DET
cblr-1726	331	20	provision	provision	NOUN
cblr-1726	331	21	of	of	ADP
cblr-1726	331	22	temporary	temporary	ADJ
cblr-1726	331	23	liquidity	liquidity	NOUN
cblr-1726	331	24	.	.	PUNCT
cblr-1726	331	25	”	"	PUNCT
cblr-1726	331	26	)	)	PUNCT
cblr-1726	331	27	.	.	PUNCT
cblr-1726	332	1	57	57	NUM
cblr-1726	332	2	the	the	DET
cblr-1726	332	3	mix	mix	NOUN
cblr-1726	332	4	of	of	ADP
cblr-1726	332	5	deposits	deposit	NOUN
cblr-1726	332	6	and	and	CCONJ
cblr-1726	332	7	wholesale	wholesale	ADJ
cblr-1726	332	8	funding	funding	NOUN
cblr-1726	332	9	as	as	ADP
cblr-1726	332	10	a	a	DET
cblr-1726	332	11	proportion	proportion	NOUN
cblr-1726	332	12	of	of	ADP
cblr-1726	332	13	total	total	ADJ
cblr-1726	332	14	bank	bank	NOUN
cblr-1726	332	15	financing	financing	NOUN
cblr-1726	332	16	has	have	AUX
cblr-1726	332	17	notably	notably	ADV
cblr-1726	332	18	changed	change	VERB
cblr-1726	332	19	over	over	ADP
cblr-1726	332	20	time	time	NOUN
cblr-1726	332	21	.	.	PUNCT
cblr-1726	333	1	a	a	DET
cblr-1726	333	2	recent	recent	ADJ
cblr-1726	333	3	study	study	NOUN
cblr-1726	333	4	covering	cover	VERB
cblr-1726	333	5	sevawrey	sevawrey	NOUN
cblr-1726	333	6	–	–	PUNCT
cblr-1726	333	7	final	final	ADJ
cblr-1726	333	8	no	no	NOUN
cblr-1726	333	9	.	.	PUNCT
cblr-1726	334	1	3:934	3:934	X
cblr-1726	334	2	]	]	X
cblr-1726	334	3	foreign	foreign	ADJ
cblr-1726	334	4	currency	currency	NOUN
cblr-1726	334	5	liquidity	liquidity	NOUN
cblr-1726	334	6	assistance	assistance	NOUN
cblr-1726	334	7	957	957	NUM
cblr-1726	334	8	ital	ital	NOUN
cblr-1726	334	9	in	in	ADP
cblr-1726	334	10	longer	long	ADJ
cblr-1726	334	11	term	term	NOUN
cblr-1726	334	12	,	,	PUNCT
cblr-1726	334	13	illiquid	illiquid	ADJ
cblr-1726	334	14	loans	loan	NOUN
cblr-1726	334	15	,	,	PUNCT
cblr-1726	334	16	mortgages	mortgage	NOUN
cblr-1726	334	17	,	,	PUNCT
cblr-1726	334	18	and	and	CCONJ
cblr-1726	334	19	other	other	ADJ
cblr-1726	334	20	financial	financial	ADJ
cblr-1726	334	21	assets	asset	NOUN
cblr-1726	334	22	.	.	PUNCT
cblr-1726	335	1	in	in	ADP
cblr-1726	335	2	the	the	DET
cblr-1726	335	3	language	language	NOUN
cblr-1726	335	4	of	of	ADP
cblr-1726	335	5	financial	financial	ADJ
cblr-1726	335	6	economics	economic	NOUN
cblr-1726	335	7	,	,	PUNCT
cblr-1726	335	8	banks	bank	NOUN
cblr-1726	335	9	thus	thus	ADV
cblr-1726	335	10	engage	engage	VERB
cblr-1726	335	11	in	in	ADP
cblr-1726	335	12	significant	significant	ADJ
cblr-1726	335	13	levels	level	NOUN
cblr-1726	335	14	of	of	ADP
cblr-1726	335	15	credit	credit	NOUN
cblr-1726	335	16	,	,	PUNCT
cblr-1726	335	17	liquidity	liquidity	NOUN
cblr-1726	335	18	,	,	PUNCT
cblr-1726	335	19	and	and	CCONJ
cblr-1726	335	20	maturity	maturity	NOUN
cblr-1726	335	21	transformation	transformation	NOUN
cblr-1726	335	22	by	by	ADP
cblr-1726	335	23	taking	take	VERB
cblr-1726	335	24	the	the	DET
cblr-1726	335	25	short	short	ADJ
cblr-1726	335	26	-	-	PUNCT
cblr-1726	335	27	term	term	NOUN
cblr-1726	335	28	,	,	PUNCT
cblr-1726	335	29	liquid	liquid	ADJ
cblr-1726	335	30	liabilities	liability	NOUN
cblr-1726	335	31	owed	owe	VERB
cblr-1726	335	32	to	to	ADP
cblr-1726	335	33	depositors	depositor	NOUN
cblr-1726	335	34	and	and	CCONJ
cblr-1726	335	35	converting	convert	VERB
cblr-1726	335	36	them	they	PRON
cblr-1726	335	37	into	into	ADP
cblr-1726	335	38	longer	long	ADJ
cblr-1726	335	39	-	-	PUNCT
cblr-1726	335	40	term	term	NOUN
cblr-1726	335	41	,	,	PUNCT
cblr-1726	335	42	illiquid	illiquid	ADJ
cblr-1726	335	43	investments	investment	NOUN
cblr-1726	335	44	in	in	ADP
cblr-1726	335	45	households	household	NOUN
cblr-1726	335	46	,	,	PUNCT
cblr-1726	335	47	businesses	business	NOUN
cblr-1726	335	48	,	,	PUNCT
cblr-1726	335	49	and	and	CCONJ
cblr-1726	335	50	governments.58	governments.58	NOUN
cblr-1726	335	51	importantly	importantly	ADV
cblr-1726	335	52	,	,	PUNCT
cblr-1726	335	53	the	the	DET
cblr-1726	335	54	credit	credit	NOUN
cblr-1726	335	55	,	,	PUNCT
cblr-1726	335	56	liquidity	liquidity	NOUN
cblr-1726	335	57	,	,	PUNCT
cblr-1726	335	58	and	and	CCONJ
cblr-1726	335	59	maturity	maturity	NOUN
cblr-1726	335	60	transformation	transformation	NOUN
cblr-1726	335	61	performed	perform	VERB
cblr-1726	335	62	by	by	ADP
cblr-1726	335	63	conventional	conventional	ADJ
cblr-1726	335	64	deposit	deposit	NOUN
cblr-1726	335	65	-	-	PUNCT
cblr-1726	335	66	taking	take	VERB
cblr-1726	335	67	banks	bank	NOUN
cblr-1726	335	68	involves	involve	VERB
cblr-1726	335	69	considerably	considerably	ADV
cblr-1726	335	70	more	more	ADJ
cblr-1726	335	71	than	than	ADP
cblr-1726	335	72	the	the	DET
cblr-1726	335	73	simple	simple	ADJ
cblr-1726	335	74	intermediation	intermediation	NOUN
cblr-1726	335	75	of	of	ADP
cblr-1726	335	76	savings	saving	NOUN
cblr-1726	335	77	from	from	ADP
cblr-1726	335	78	depositors	depositor	NOUN
cblr-1726	335	79	to	to	PART
cblr-1726	335	80	borrowers.59	borrowers.59	VERB
cblr-1726	335	81	it	it	PRON
cblr-1726	335	82	also	also	ADV
cblr-1726	335	83	represents	represent	VERB
cblr-1726	335	84	an	an	DET
cblr-1726	335	85	important	important	ADJ
cblr-1726	335	86	source	source	NOUN
cblr-1726	335	87	of	of	ADP
cblr-1726	335	88	private	private	ADJ
cblr-1726	335	89	money	money	NOUN
cblr-1726	335	90	creation	creation	NOUN
cblr-1726	335	91	.	.	PUNCT
cblr-1726	336	1	when	when	SCONJ
cblr-1726	336	2	a	a	DET
cblr-1726	336	3	bank	bank	NOUN
cblr-1726	336	4	makes	make	VERB
cblr-1726	336	5	a	a	DET
cblr-1726	336	6	loan	loan	NOUN
cblr-1726	336	7	,	,	PUNCT
cblr-1726	336	8	the	the	DET
cblr-1726	336	9	proceeds	proceed	NOUN
cblr-1726	336	10	of	of	ADP
cblr-1726	336	11	the	the	DET
cblr-1726	336	12	loan	loan	NOUN
cblr-1726	336	13	are	be	AUX
cblr-1726	336	14	credited	credit	VERB
cblr-1726	336	15	to	to	ADP
cblr-1726	336	16	the	the	DET
cblr-1726	336	17	borrower	borrower	NOUN
cblr-1726	336	18	’s	’s	PART
cblr-1726	336	19	bank	bank	NOUN
cblr-1726	336	20	account.60	account.60	NOUN
cblr-1726	336	21	the	the	DET
cblr-1726	336	22	extension	extension	NOUN
cblr-1726	336	23	of	of	ADP
cblr-1726	336	24	a	a	DET
cblr-1726	336	25	new	new	ADJ
cblr-1726	336	26	loan	loan	NOUN
cblr-1726	336	27	can	can	AUX
cblr-1726	336	28	thus	thus	ADV
cblr-1726	336	29	be	be	AUX
cblr-1726	336	30	understood	understand	VERB
cblr-1726	336	31	as	as	ADP
cblr-1726	336	32	mechanically	mechanically	ADV
cblr-1726	336	33	resulting	result	VERB
cblr-1726	336	34	in	in	ADP
cblr-1726	336	35	the	the	DET
cblr-1726	336	36	creation	creation	NOUN
cblr-1726	336	37	of	of	ADP
cblr-1726	336	38	new	new	ADJ
cblr-1726	336	39	deposits.61	deposits.61	NOUN
cblr-1726	336	40	these	these	DET
cblr-1726	336	41	new	new	ADJ
cblr-1726	336	42	deposits	deposit	NOUN
cblr-1726	336	43	can	can	AUX
cblr-1726	336	44	then	then	ADV
cblr-1726	336	45	be	be	AUX
cblr-1726	336	46	used	use	VERB
cblr-1726	336	47	to	to	PART
cblr-1726	336	48	purchase	purchase	VERB
cblr-1726	336	49	goods	good	NOUN
cblr-1726	336	50	,	,	PUNCT
cblr-1726	336	51	pay	pay	VERB
cblr-1726	336	52	for	for	ADP
cblr-1726	336	53	services	service	NOUN
cblr-1726	336	54	,	,	PUNCT
cblr-1726	336	55	or	or	CCONJ
cblr-1726	336	56	make	make	VERB
cblr-1726	336	57	investments	investment	NOUN
cblr-1726	336	58	.	.	PUNCT
cblr-1726	337	1	in	in	ADP
cblr-1726	337	2	short	short	ADJ
cblr-1726	337	3	,	,	PUNCT
cblr-1726	337	4	these	these	DET
cblr-1726	337	5	deposits	deposit	NOUN
cblr-1726	337	6	can	can	AUX
cblr-1726	337	7	be	be	AUX
cblr-1726	337	8	used	use	VERB
cblr-1726	337	9	as	as	ADP
cblr-1726	337	10	money	money	NOUN
cblr-1726	337	11	—	—	PUNCT
cblr-1726	337	12	money	money	NOUN
cblr-1726	337	13	that	that	PRON
cblr-1726	337	14	would	would	AUX
cblr-1726	337	15	not	not	PART
cblr-1726	337	16	have	have	AUX
cblr-1726	337	17	existed	exist	VERB
cblr-1726	337	18	but	but	CCONJ
cblr-1726	337	19	for	for	ADP
cblr-1726	337	20	the	the	DET
cblr-1726	337	21	extension	extension	NOUN
cblr-1726	337	22	of	of	ADP
cblr-1726	337	23	the	the	DET
cblr-1726	337	24	loan	loan	NOUN
cblr-1726	337	25	.	.	PUNCT
cblr-1726	338	1	rather	rather	ADV
cblr-1726	338	2	than	than	ADP
cblr-1726	338	3	merely	merely	ADV
cblr-1726	338	4	acting	act	VERB
cblr-1726	338	5	as	as	ADP
cblr-1726	338	6	a	a	DET
cblr-1726	338	7	conduit	conduit	NOUN
cblr-1726	338	8	for	for	ADP
cblr-1726	338	9	the	the	DET
cblr-1726	338	10	accumulation	accumulation	NOUN
cblr-1726	338	11	and	and	CCONJ
cblr-1726	338	12	allocation	allocation	NOUN
cblr-1726	338	13	of	of	ADP
cblr-1726	338	14	capital	capital	NOUN
cblr-1726	338	15	,	,	PUNCT
cblr-1726	338	16	the	the	DET
cblr-1726	338	17	business	business	NOUN
cblr-1726	338	18	of	of	ADP
cblr-1726	338	19	banking	banking	NOUN
cblr-1726	338	20	thus	thus	ADV
cblr-1726	338	21	necessarily	necessarily	ADV
cblr-1726	338	22	involves	involve	VERB
cblr-1726	338	23	a	a	DET
cblr-1726	338	24	significant	significant	ADJ
cblr-1726	338	25	level	level	NOUN
cblr-1726	338	26	of	of	ADP
cblr-1726	338	27	credit	credit	NOUN
cblr-1726	338	28	and	and	CCONJ
cblr-1726	338	29	,	,	PUNCT
cblr-1726	338	30	ultimately	ultimately	ADV
cblr-1726	338	31	,	,	PUNCT
cblr-1726	338	32	money	money	NOUN
cblr-1726	338	33	creation.62	creation.62	NOUN
cblr-1726	338	34	the	the	DET
cblr-1726	338	35	important	important	ADJ
cblr-1726	338	36	role	role	NOUN
cblr-1726	338	37	played	play	VERB
cblr-1726	338	38	by	by	ADP
cblr-1726	338	39	banks	bank	NOUN
cblr-1726	338	40	in	in	ADP
cblr-1726	338	41	creating	create	VERB
cblr-1726	338	42	money	money	NOUN
cblr-1726	338	43	is	be	AUX
cblr-1726	338	44	reflected	reflect	VERB
cblr-1726	338	45	enteen	enteen	ADJ
cblr-1726	338	46	countries	country	NOUN
cblr-1726	338	47	,	,	PUNCT
cblr-1726	338	48	for	for	ADP
cblr-1726	338	49	example	example	NOUN
cblr-1726	338	50	,	,	PUNCT
cblr-1726	338	51	reports	report	VERB
cblr-1726	338	52	a	a	DET
cblr-1726	338	53	shift	shift	NOUN
cblr-1726	338	54	in	in	ADP
cblr-1726	338	55	deposit	deposit	NOUN
cblr-1726	338	56	funding	funding	NOUN
cblr-1726	338	57	from	from	ADP
cblr-1726	338	58	approximately	approximately	ADV
cblr-1726	338	59	80	80	NUM
cblr-1726	338	60	%	%	NOUN
cblr-1726	338	61	of	of	ADP
cblr-1726	338	62	total	total	ADJ
cblr-1726	338	63	finding	finding	NOUN
cblr-1726	338	64	following	follow	VERB
cblr-1726	338	65	world	world	PROPN
cblr-1726	338	66	war	war	PROPN
cblr-1726	338	67	ii	ii	PROPN
cblr-1726	338	68	to	to	ADP
cblr-1726	338	69	approximately	approximately	ADV
cblr-1726	338	70	50	50	NUM
cblr-1726	338	71	%	%	NOUN
cblr-1726	338	72	by	by	ADP
cblr-1726	338	73	the	the	DET
cblr-1726	338	74	early	early	ADJ
cblr-1726	338	75	2000s	2000s	NUM
cblr-1726	338	76	.	.	PUNCT
cblr-1726	339	1	oscar	oscar	PROPN
cblr-1726	339	2	jordà	jordà	PROPN
cblr-1726	339	3	et	et	PROPN
cblr-1726	339	4	al	al	PROPN
cblr-1726	339	5	.	.	PROPN
cblr-1726	339	6	,	,	PUNCT
cblr-1726	339	7	bank	bank	NOUN
cblr-1726	339	8	capital	capital	NOUN
cblr-1726	339	9	redux	redux	PROPN
cblr-1726	339	10	:	:	PUNCT
cblr-1726	339	11	solvency	solvency	NOUN
cblr-1726	339	12	,	,	PUNCT
cblr-1726	339	13	liquidity	liquidity	NOUN
cblr-1726	339	14	,	,	PUNCT
cblr-1726	339	15	and	and	CCONJ
cblr-1726	339	16	crisis	crisis	NOUN
cblr-1726	339	17	11–12	11–12	NUM
cblr-1726	339	18	(	(	PUNCT
cblr-1726	339	19	fed	fed	PROPN
cblr-1726	339	20	.	.	PUNCT
cblr-1726	339	21	reserve	reserve	PROPN
cblr-1726	339	22	bank	bank	PROPN
cblr-1726	339	23	of	of	ADP
cblr-1726	339	24	san	san	PROPN
cblr-1726	339	25	francisco	francisco	PROPN
cblr-1726	339	26	,	,	PUNCT
cblr-1726	339	27	working	work	VERB
cblr-1726	339	28	paper	paper	NOUN
cblr-1726	339	29	no	no	INTJ
cblr-1726	339	30	.	.	PUNCT
cblr-1726	340	1	2017–06	2017–06	NUM
cblr-1726	340	2	,	,	PUNCT
cblr-1726	340	3	2017	2017	NUM
cblr-1726	340	4	)	)	PUNCT
cblr-1726	340	5	.	.	PUNCT
cblr-1726	341	1	58	58	NUM
cblr-1726	341	2	see	see	VERB
cblr-1726	341	3	armour	armour	NOUN
cblr-1726	341	4	et	et	PROPN
cblr-1726	341	5	al	al	PROPN
cblr-1726	341	6	.	.	PROPN
cblr-1726	341	7	,	,	PUNCT
cblr-1726	341	8	supra	supra	PROPN
cblr-1726	341	9	note	note	PROPN
cblr-1726	341	10	15	15	NUM
cblr-1726	341	11	,	,	PUNCT
cblr-1726	341	12	at	at	ADP
cblr-1726	341	13	277–78	277–78	PROPN
cblr-1726	341	14	(	(	PUNCT
cblr-1726	341	15	describing	describe	VERB
cblr-1726	341	16	banks	bank	NOUN
cblr-1726	341	17	as	as	ADP
cblr-1726	341	18	performing	perform	VERB
cblr-1726	341	19	credit	credit	NOUN
cblr-1726	341	20	,	,	PUNCT
cblr-1726	341	21	maturity	maturity	NOUN
cblr-1726	341	22	,	,	PUNCT
cblr-1726	341	23	and	and	CCONJ
cblr-1726	341	24	liquidity	liquidity	NOUN
cblr-1726	341	25	transformation	transformation	NOUN
cblr-1726	341	26	)	)	PUNCT
cblr-1726	341	27	.	.	PUNCT
cblr-1726	342	1	59	59	NUM
cblr-1726	342	2	see	see	VERB
cblr-1726	342	3	hockett	hockett	PROPN
cblr-1726	342	4	&	&	CCONJ
cblr-1726	342	5	omarova	omarova	PROPN
cblr-1726	342	6	,	,	PUNCT
cblr-1726	342	7	supra	supra	PROPN
cblr-1726	342	8	note	note	NOUN
cblr-1726	342	9	13	13	NUM
cblr-1726	342	10	,	,	PUNCT
cblr-1726	342	11	at	at	ADP
cblr-1726	342	12	1148	1148	NUM
cblr-1726	342	13	(	(	PUNCT
cblr-1726	342	14	delineating	delineate	VERB
cblr-1726	342	15	between	between	ADP
cblr-1726	342	16	the	the	DET
cblr-1726	342	17	‘	'	PUNCT
cblr-1726	342	18	credit	credit	NOUN
cblr-1726	342	19	-	-	PUNCT
cblr-1726	342	20	intermediation	intermediation	NOUN
cblr-1726	342	21	,	,	PUNCT
cblr-1726	342	22	’	'	PUNCT
cblr-1726	342	23	‘	'	PUNCT
cblr-1726	342	24	credit	credit	NOUN
cblr-1726	342	25	-	-	PUNCT
cblr-1726	342	26	multiplication	multiplication	NOUN
cblr-1726	342	27	,	,	PUNCT
cblr-1726	342	28	’	'	PUNCT
cblr-1726	342	29	and	and	CCONJ
cblr-1726	342	30	‘	'	PUNCT
cblr-1726	342	31	credit	credit	NOUN
cblr-1726	342	32	-	-	PUNCT
cblr-1726	342	33	creation	creation	NOUN
cblr-1726	342	34	’	'	PUNCT
cblr-1726	342	35	models	model	NOUN
cblr-1726	342	36	of	of	ADP
cblr-1726	342	37	finance	finance	NOUN
cblr-1726	342	38	)	)	PUNCT
cblr-1726	342	39	.	.	PUNCT
cblr-1726	343	1	60	60	NUM
cblr-1726	343	2	see	see	VERB
cblr-1726	343	3	generally	generally	ADV
cblr-1726	343	4	mcleay	mcleay	ADJ
cblr-1726	343	5	et	et	PROPN
cblr-1726	343	6	al	al	PROPN
cblr-1726	343	7	.	.	PROPN
cblr-1726	343	8	,	,	PUNCT
cblr-1726	343	9	supra	supra	PROPN
cblr-1726	343	10	note	note	VERB
cblr-1726	343	11	37	37	NUM
cblr-1726	343	12	,	,	PUNCT
cblr-1726	343	13	at	at	ADP
cblr-1726	343	14	3–5	3–5	NUM
cblr-1726	343	15	.	.	PROPN
cblr-1726	343	16	61	61	NUM
cblr-1726	343	17	see	see	VERB
cblr-1726	343	18	i	i	PRON
cblr-1726	343	19	d.	d.	PROPN
cblr-1726	343	20	at	at	ADP
cblr-1726	343	21	1	1	NUM
cblr-1726	343	22	.	.	PUNCT
cblr-1726	343	23	62	62	NUM
cblr-1726	343	24	see	see	VERB
cblr-1726	343	25	i	i	PRON
cblr-1726	343	26	d.	d.	PROPN
cblr-1726	343	27	at	at	ADP
cblr-1726	343	28	2–4	2–4	PROPN
cblr-1726	343	29	.	.	PUNCT
cblr-1726	344	1	awrey	awrey	PROPN
cblr-1726	344	2	–	–	PUNCT
cblr-1726	344	3	final	final	ADJ
cblr-1726	344	4	958	958	NUM
cblr-1726	344	5	columbia	columbia	PROPN
cblr-1726	344	6	business	business	NOUN
cblr-1726	344	7	law	law	PROPN
cblr-1726	344	8	review	review	NOUN
cblr-1726	345	1	[	[	X
cblr-1726	345	2	vol	vol	NOUN
cblr-1726	345	3	.	.	NOUN
cblr-1726	345	4	2017	2017	NUM
cblr-1726	345	5	in	in	ADP
cblr-1726	345	6	the	the	DET
cblr-1726	345	7	value	value	NOUN
cblr-1726	345	8	of	of	ADP
cblr-1726	345	9	outstanding	outstanding	ADJ
cblr-1726	345	10	bank	bank	NOUN
cblr-1726	345	11	deposits	deposit	NOUN
cblr-1726	345	12	relative	relative	ADJ
cblr-1726	345	13	to	to	ADP
cblr-1726	345	14	other	other	ADJ
cblr-1726	345	15	components	component	NOUN
cblr-1726	345	16	of	of	ADP
cblr-1726	345	17	the	the	DET
cblr-1726	345	18	aggregate	aggregate	ADJ
cblr-1726	345	19	money	money	NOUN
cblr-1726	345	20	supply	supply	NOUN
cblr-1726	345	21	(	(	PUNCT
cblr-1726	345	22	figure	figure	NOUN
cblr-1726	345	23	2).63	2).63	NUM
cblr-1726	345	24	figure	figure	NOUN
cblr-1726	345	25	2	2	NUM
cblr-1726	345	26	:	:	PUNCT
cblr-1726	345	27	components	component	NOUN
cblr-1726	345	28	of	of	ADP
cblr-1726	345	29	the	the	DET
cblr-1726	345	30	u.s	u.s	PROPN
cblr-1726	345	31	.	.	PROPN
cblr-1726	345	32	money	money	NOUN
cblr-1726	345	33	supply	supply	NOUN
cblr-1726	345	34	(	(	PUNCT
cblr-1726	345	35	$	$	SYM
cblr-1726	345	36	usd	usd	NOUN
cblr-1726	345	37	as	as	ADP
cblr-1726	345	38	of	of	ADP
cblr-1726	345	39	march	march	PROPN
cblr-1726	345	40	2017	2017	NUM
cblr-1726	345	41	)	)	PUNCT
cblr-1726	345	42	component	component	NOUN
cblr-1726	345	43	of	of	ADP
cblr-1726	345	44	money	money	NOUN
cblr-1726	345	45	supply	supply	NOUN
cblr-1726	345	46	amount	amount	NOUN
cblr-1726	345	47	(	(	PUNCT
cblr-1726	345	48	in	in	ADP
cblr-1726	345	49	billions	billion	NOUN
cblr-1726	345	50	)	)	PUNCT
cblr-1726	345	51	percentage	percentage	NOUN
cblr-1726	345	52	of	of	ADP
cblr-1726	345	53	total	total	ADJ
cblr-1726	345	54	currency	currency	NOUN
cblr-1726	345	55	in	in	ADP
cblr-1726	345	56	circulation	circulation	NOUN
cblr-1726	345	57	$	$	SYM
cblr-1726	345	58	1,513,317	1,513,317	NUM
cblr-1726	345	59	9.8	9.8	NUM
cblr-1726	345	60	%	%	NOUN
cblr-1726	345	61	reserves64	reserves64	VERB
cblr-1726	345	62	$	$	SYM
cblr-1726	345	63	2,314,729	2,314,729	NUM
cblr-1726	345	64	15.0	15.0	NUM
cblr-1726	345	65	%	%	NOUN
cblr-1726	345	66	commercial	commercial	ADJ
cblr-1726	345	67	bank	bank	NOUN
cblr-1726	345	68	deposits65	deposits65	VERB
cblr-1726	345	69	$	$	SYM
cblr-1726	345	70	11,594,200	11,594,200	NUM
cblr-1726	345	71	75.2	75.2	NUM
cblr-1726	345	72	%	%	NOUN
cblr-1726	345	73	total	total	ADJ
cblr-1726	345	74	$	$	SYM
cblr-1726	345	75	15,422,246	15,422,246	NUM
cblr-1726	345	76	100	100	NUM
cblr-1726	345	77	%	%	NOUN
cblr-1726	345	78	the	the	DET
cblr-1726	345	79	business	business	NOUN
cblr-1726	345	80	of	of	ADP
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cblr-1726	345	85	long	long	ADV
cblr-1726	345	86	as	as	SCONJ
cblr-1726	345	87	large	large	ADJ
cblr-1726	345	88	numbers	number	NOUN
cblr-1726	345	89	of	of	ADP
cblr-1726	345	90	depositors	depositor	NOUN
cblr-1726	345	91	or	or	CCONJ
cblr-1726	345	92	other	other	ADJ
cblr-1726	345	93	short	short	ADJ
cblr-1726	345	94	-	-	PUNCT
cblr-1726	345	95	term	term	NOUN
cblr-1726	345	96	creditors	creditor	NOUN
cblr-1726	345	97	do	do	AUX
cblr-1726	345	98	not	not	PART
cblr-1726	345	99	demand	demand	VERB
cblr-1726	345	100	their	their	PRON
cblr-1726	345	101	money	money	NOUN
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cblr-1726	345	103	at	at	ADP
cblr-1726	345	104	the	the	DET
cblr-1726	345	105	same	same	ADJ
cblr-1726	345	106	time.66	time.66	NOUN
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cblr-1726	345	111	uncorrelated	uncorrelated	ADJ
cblr-1726	345	112	,	,	PUNCT
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cblr-1726	345	115	only	only	ADV
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cblr-1726	345	117	a	a	DET
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cblr-1726	345	125	liquid	liquid	ADJ
cblr-1726	345	126	assets	asset	NOUN
cblr-1726	345	127	to	to	PART
cblr-1726	345	128	satisfy	satisfy	VERB
cblr-1726	345	129	63	63	NUM
cblr-1726	345	130	see	see	NOUN
cblr-1726	345	131	fed	fed	PROPN
cblr-1726	345	132	.	.	PUNCT
cblr-1726	346	1	reserve	reserve	PROPN
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cblr-1726	346	7	reserves	reserve	NOUN
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cblr-1726	346	11	and	and	CCONJ
cblr-1726	346	12	the	the	DET
cblr-1726	346	13	monetary	monetary	ADJ
cblr-1726	346	14	base	base	NOUN
cblr-1726	346	15	(	(	PUNCT
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cblr-1726	347	4	;	;	PUNCT
cblr-1726	347	5	fed	fed	PROPN
cblr-1726	347	6	.	.	PROPN
cblr-1726	347	7	reserve	reserve	PROPN
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cblr-1726	347	9	.	.	PROPN
cblr-1726	347	10	,	,	PUNCT
cblr-1726	347	11	h.8	h.8	PUNCT
cblr-1726	347	12	assets	asset	NOUN
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cblr-1726	347	14	liabilities	liability	NOUN
cblr-1726	347	15	of	of	ADP
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cblr-1726	347	17	banks	bank	NOUN
cblr-1726	347	18	in	in	ADP
cblr-1726	347	19	the	the	DET
cblr-1726	347	20	united	united	PROPN
cblr-1726	347	21	states	states	PROPN
cblr-1726	347	22	(	(	PUNCT
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cblr-1726	347	25	,	,	PUNCT
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cblr-1726	348	4	.	.	PUNCT
cblr-1726	349	1	the	the	DET
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cblr-1726	349	3	reserve	reserve	PROPN
cblr-1726	349	4	also	also	ADV
cblr-1726	349	5	publishes	publish	VERB
cblr-1726	349	6	weekly	weekly	ADJ
cblr-1726	349	7	“	"	PUNCT
cblr-1726	349	8	money	money	NOUN
cblr-1726	349	9	stock	stock	NOUN
cblr-1726	349	10	measures	measure	NOUN
cblr-1726	349	11	”	"	PUNCT
cblr-1726	349	12	(	(	PUNCT
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cblr-1726	350	5	maintained	maintain	VERB
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cblr-1726	350	8	federal	federal	PROPN
cblr-1726	350	9	reserve	reserve	NOUN
cblr-1726	350	10	system	system	NOUN
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cblr-1726	350	13	cash	cash	NOUN
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cblr-1726	350	15	to	to	PART
cblr-1726	350	16	satisfy	satisfy	VERB
cblr-1726	350	17	required	required	ADJ
cblr-1726	350	18	reserves	reserve	NOUN
cblr-1726	350	19	.	.	PUNCT
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cblr-1726	352	1	reserve	reserve	PROPN
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cblr-1726	352	5	h.3	h.3	ADP
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cblr-1726	352	9	depositary	depositary	ADJ
cblr-1726	352	10	institutions	institution	NOUN
cblr-1726	352	11	and	and	CCONJ
cblr-1726	352	12	the	the	DET
cblr-1726	352	13	monetary	monetary	ADJ
cblr-1726	352	14	base	base	NOUN
cblr-1726	352	15	(	(	PUNCT
cblr-1726	352	16	2017	2017	NUM
cblr-1726	352	17	)	)	PUNCT
cblr-1726	352	18	,	,	PUNCT
cblr-1726	353	1	https://www.federalreserve.gov/releases/h3/current/h3.pdf	https://www.federalreserve.gov/releases/h3/current/h3.pdf	PROPN
cblr-1726	354	1	[	[	X
cblr-1726	354	2	perma.cc/96vc-tqqs	perma.cc/96vc-tqqs	X
cblr-1726	354	3	]	]	X
cblr-1726	354	4	.	.	PUNCT
cblr-1726	355	1	65	65	NUM
cblr-1726	355	2	the	the	DET
cblr-1726	355	3	federal	federal	PROPN
cblr-1726	355	4	reserve	reserve	PROPN
cblr-1726	355	5	’s	’s	PART
cblr-1726	355	6	money	money	NOUN
cblr-1726	355	7	stock	stock	NOUN
cblr-1726	355	8	measures	measure	NOUN
cblr-1726	355	9	report	report	VERB
cblr-1726	355	10	a	a	DET
cblr-1726	355	11	slightly	slightly	ADV
cblr-1726	355	12	smaller	small	ADJ
cblr-1726	355	13	$	$	SYM
cblr-1726	355	14	usd11,289,500	usd11,289,500	NOUN
cblr-1726	355	15	billion	billion	NUM
cblr-1726	355	16	in	in	ADP
cblr-1726	355	17	demand	demand	NOUN
cblr-1726	355	18	,	,	PUNCT
cblr-1726	355	19	time	time	NOUN
cblr-1726	355	20	,	,	PUNCT
cblr-1726	355	21	and	and	CCONJ
cblr-1726	355	22	other	other	ADJ
cblr-1726	355	23	checkable	checkable	ADJ
cblr-1726	355	24	deposits	deposit	NOUN
cblr-1726	355	25	at	at	ADP
cblr-1726	355	26	commercial	commercial	ADJ
cblr-1726	355	27	banks	bank	NOUN
cblr-1726	355	28	and	and	CCONJ
cblr-1726	355	29	thrifts	thrift	NOUN
cblr-1726	355	30	as	as	ADP
cblr-1726	355	31	of	of	ADP
cblr-1726	355	32	february	february	PROPN
cblr-1726	355	33	2017	2017	NUM
cblr-1726	355	34	.	.	PUNCT
cblr-1726	356	1	i	i	PRON
cblr-1726	356	2	d.	d.	PROPN
cblr-1726	356	3	66	66	NUM
cblr-1726	356	4	see	see	VERB
cblr-1726	356	5	douglas	douglas	PROPN
cblr-1726	356	6	w.	w.	PROPN
cblr-1726	356	7	diamond	diamond	PROPN
cblr-1726	356	8	&	&	CCONJ
cblr-1726	356	9	philip	philip	PROPN
cblr-1726	356	10	h.	h.	PROPN
cblr-1726	356	11	dybvig	dybvig	PROPN
cblr-1726	356	12	,	,	PUNCT
cblr-1726	356	13	bank	bank	NOUN
cblr-1726	356	14	runs	run	NOUN
cblr-1726	356	15	,	,	PUNCT
cblr-1726	356	16	deposit	deposit	NOUN
cblr-1726	356	17	insurance	insurance	NOUN
cblr-1726	356	18	,	,	PUNCT
cblr-1726	356	19	and	and	CCONJ
cblr-1726	356	20	liquidity	liquidity	NOUN
cblr-1726	356	21	,	,	PUNCT
cblr-1726	356	22	91	91	NUM
cblr-1726	356	23	j.	j.	PROPN
cblr-1726	356	24	pol’y	pol’y	NOUN
cblr-1726	356	25	econ	econ	X
cblr-1726	356	26	.	.	PUNCT
cblr-1726	357	1	401	401	NUM
cblr-1726	357	2	,	,	PUNCT
cblr-1726	357	3	402	402	NUM
cblr-1726	357	4	(	(	PUNCT
cblr-1726	357	5	1983	1983	NUM
cblr-1726	357	6	)	)	PUNCT
cblr-1726	357	7	(	(	PUNCT
cblr-1726	357	8	describing	describe	VERB
cblr-1726	357	9	how	how	SCONJ
cblr-1726	357	10	the	the	DET
cblr-1726	357	11	demand	demand	NOUN
cblr-1726	357	12	deposit	deposit	NOUN
cblr-1726	357	13	system	system	NOUN
cblr-1726	357	14	permits	permit	VERB
cblr-1726	357	15	efficient	efficient	ADJ
cblr-1726	357	16	risk	risk	NOUN
cblr-1726	357	17	sharing	sharing	NOUN
cblr-1726	357	18	where	where	SCONJ
cblr-1726	357	19	depositors	depositor	NOUN
cblr-1726	357	20	demand	demand	VERB
cblr-1726	357	21	liquidity	liquidity	NOUN
cblr-1726	357	22	at	at	ADP
cblr-1726	357	23	random	random	ADJ
cblr-1726	357	24	times	time	NOUN
cblr-1726	357	25	)	)	PUNCT
cblr-1726	357	26	.	.	PUNCT
cblr-1726	358	1	see	see	VERB
cblr-1726	358	2	generally	generally	ADV
cblr-1726	358	3	franklin	franklin	PROPN
cblr-1726	358	4	allen	allen	PROPN
cblr-1726	358	5	et	et	PROPN
cblr-1726	358	6	al	al	PROPN
cblr-1726	358	7	.	.	PROPN
cblr-1726	358	8	,	,	PUNCT
cblr-1726	358	9	moral	moral	ADJ
cblr-1726	358	10	hazard	hazard	NOUN
cblr-1726	358	11	and	and	CCONJ
cblr-1726	358	12	government	government	NOUN
cblr-1726	358	13	guarantees	guarantee	NOUN
cblr-1726	358	14	in	in	ADP
cblr-1726	358	15	the	the	DET
cblr-1726	358	16	banking	banking	NOUN
cblr-1726	358	17	industry	industry	NOUN
cblr-1726	358	18	,	,	PUNCT
cblr-1726	358	19	1	1	NUM
cblr-1726	358	20	j.	j.	PROPN
cblr-1726	358	21	fin	fin	PROPN
cblr-1726	358	22	.	.	PUNCT
cblr-1726	359	1	reg	reg	PROPN
cblr-1726	359	2	.	.	PROPN
cblr-1726	360	1	30	30	NUM
cblr-1726	360	2	(	(	PUNCT
cblr-1726	360	3	2015	2015	NUM
cblr-1726	360	4	)	)	PUNCT
cblr-1726	360	5	(	(	PUNCT
cblr-1726	360	6	providing	provide	VERB
cblr-1726	360	7	a	a	DET
cblr-1726	360	8	recent	recent	ADJ
cblr-1726	360	9	survey	survey	NOUN
cblr-1726	360	10	of	of	ADP
cblr-1726	360	11	the	the	DET
cblr-1726	360	12	literature	literature	NOUN
cblr-1726	360	13	on	on	ADP
cblr-1726	360	14	the	the	DET
cblr-1726	360	15	fragility	fragility	NOUN
cblr-1726	360	16	of	of	ADP
cblr-1726	360	17	banks	bank	NOUN
cblr-1726	360	18	)	)	PUNCT
cblr-1726	360	19	.	.	PUNCT
cblr-1726	361	1	awrey	awrey	PROPN
cblr-1726	361	2	–	–	PUNCT
cblr-1726	361	3	final	final	ADJ
cblr-1726	361	4	no	no	NOUN
cblr-1726	361	5	.	.	PUNCT
cblr-1726	362	1	3:934	3:934	X
cblr-1726	362	2	]	]	X
cblr-1726	362	3	foreign	foreign	ADJ
cblr-1726	362	4	currency	currency	NOUN
cblr-1726	362	5	liquidity	liquidity	NOUN
cblr-1726	362	6	assistance	assistance	NOUN
cblr-1726	362	7	959	959	NUM
cblr-1726	362	8	idiosyncratic	idiosyncratic	ADJ
cblr-1726	362	9	withdrawals.67	withdrawals.67	NOUN
cblr-1726	362	10	when	when	SCONJ
cblr-1726	362	11	combined	combine	VERB
cblr-1726	362	12	with	with	ADP
cblr-1726	362	13	the	the	DET
cblr-1726	362	14	fact	fact	NOUN
cblr-1726	362	15	that	that	SCONJ
cblr-1726	362	16	new	new	ADJ
cblr-1726	362	17	loans	loan	NOUN
cblr-1726	362	18	create	create	VERB
cblr-1726	362	19	new	new	ADJ
cblr-1726	362	20	deposits	deposit	NOUN
cblr-1726	362	21	,	,	PUNCT
cblr-1726	362	22	this	this	DET
cblr-1726	362	23	‘	'	PUNCT
cblr-1726	362	24	fractional	fractional	ADJ
cblr-1726	362	25	reserve	reserve	NOUN
cblr-1726	362	26	’	'	PUNCT
cblr-1726	362	27	model	model	NOUN
cblr-1726	362	28	enables	enable	VERB
cblr-1726	362	29	banks	bank	NOUN
cblr-1726	362	30	to	to	PART
cblr-1726	362	31	extend	extend	VERB
cblr-1726	362	32	a	a	DET
cblr-1726	362	33	large	large	ADJ
cblr-1726	362	34	volume	volume	NOUN
cblr-1726	362	35	of	of	ADP
cblr-1726	362	36	loans	loan	NOUN
cblr-1726	362	37	on	on	ADP
cblr-1726	362	38	the	the	DET
cblr-1726	362	39	foundations	foundation	NOUN
cblr-1726	362	40	of	of	ADP
cblr-1726	362	41	a	a	DET
cblr-1726	362	42	relatively	relatively	ADV
cblr-1726	362	43	small	small	ADJ
cblr-1726	362	44	deposit	deposit	NOUN
cblr-1726	362	45	base.68	base.68	NOUN
cblr-1726	362	46	by	by	ADP
cblr-1726	362	47	the	the	DET
cblr-1726	362	48	same	same	ADJ
cblr-1726	362	49	token	token	NOUN
cblr-1726	362	50	,	,	PUNCT
cblr-1726	362	51	however	however	ADV
cblr-1726	362	52	,	,	PUNCT
cblr-1726	362	53	where	where	SCONJ
cblr-1726	362	54	the	the	DET
cblr-1726	362	55	liquidity	liquidity	NOUN
cblr-1726	362	56	demands	demand	NOUN
cblr-1726	362	57	of	of	ADP
cblr-1726	362	58	short	short	ADJ
cblr-1726	362	59	-	-	PUNCT
cblr-1726	362	60	term	term	NOUN
cblr-1726	362	61	creditors	creditor	NOUN
cblr-1726	362	62	become	become	AUX
cblr-1726	362	63	correlated	correlate	VERB
cblr-1726	362	64	,	,	PUNCT
cblr-1726	362	65	the	the	DET
cblr-1726	362	66	reliance	reliance	NOUN
cblr-1726	362	67	by	by	ADP
cblr-1726	362	68	banks	bank	NOUN
cblr-1726	362	69	on	on	ADP
cblr-1726	362	70	shortterm	shortterm	PROPN
cblr-1726	362	71	,	,	PUNCT
cblr-1726	362	72	liquid	liquid	ADJ
cblr-1726	362	73	liabilities	liability	NOUN
cblr-1726	362	74	to	to	PART
cblr-1726	362	75	finance	finance	VERB
cblr-1726	362	76	investments	investment	NOUN
cblr-1726	362	77	in	in	ADP
cblr-1726	362	78	longer	long	ADJ
cblr-1726	362	79	term	term	NOUN
cblr-1726	362	80	,	,	PUNCT
cblr-1726	362	81	illiquid	illiquid	ADJ
cblr-1726	362	82	assets	asset	NOUN
cblr-1726	362	83	renders	render	VERB
cblr-1726	362	84	these	these	DET
cblr-1726	362	85	institutions	institution	NOUN
cblr-1726	362	86	vulnerable	vulnerable	ADJ
cblr-1726	362	87	to	to	ADP
cblr-1726	362	88	destabilizing	destabilizing	ADJ
cblr-1726	362	89	runs	run	NOUN
cblr-1726	362	90	by	by	ADP
cblr-1726	362	91	depositors	depositor	NOUN
cblr-1726	362	92	and	and	CCONJ
cblr-1726	362	93	other	other	ADJ
cblr-1726	362	94	short	short	ADJ
cblr-1726	362	95	-	-	PUNCT
cblr-1726	362	96	term	term	NOUN
cblr-1726	362	97	creditors.69	creditors.69	NOUN
cblr-1726	362	98	the	the	DET
cblr-1726	362	99	fragility	fragility	NOUN
cblr-1726	362	100	of	of	ADP
cblr-1726	362	101	bank	bank	NOUN
cblr-1726	362	102	balance	balance	NOUN
cblr-1726	362	103	sheets	sheet	NOUN
cblr-1726	362	104	is	be	AUX
cblr-1726	362	105	typically	typically	ADV
cblr-1726	362	106	framed	frame	VERB
cblr-1726	362	107	in	in	ADP
cblr-1726	362	108	one	one	NUM
cblr-1726	362	109	of	of	ADP
cblr-1726	362	110	two	two	NUM
cblr-1726	362	111	ways	way	NOUN
cblr-1726	362	112	.	.	PUNCT
cblr-1726	363	1	the	the	DET
cblr-1726	363	2	first	first	ADJ
cblr-1726	363	3	views	view	NOUN
cblr-1726	363	4	runs	run	VERB
cblr-1726	363	5	as	as	ADP
cblr-1726	363	6	a	a	DET
cblr-1726	363	7	multiple	multiple	ADJ
cblr-1726	363	8	equilibrium	equilibrium	NOUN
cblr-1726	363	9	(	(	PUNCT
cblr-1726	363	10	or	or	CCONJ
cblr-1726	363	11	coordination	coordination	NOUN
cblr-1726	363	12	)	)	PUNCT
cblr-1726	363	13	problem	problem	NOUN
cblr-1726	363	14	amongst	amongst	ADP
cblr-1726	363	15	short	short	ADJ
cblr-1726	363	16	-	-	PUNCT
cblr-1726	363	17	term	term	NOUN
cblr-1726	363	18	creditors.70	creditors.70	NOUN
cblr-1726	363	19	pursuant	pursuant	ADJ
cblr-1726	363	20	to	to	ADP
cblr-1726	363	21	this	this	DET
cblr-1726	363	22	account	account	NOUN
cblr-1726	363	23	,	,	PUNCT
cblr-1726	363	24	each	each	DET
cblr-1726	363	25	creditor	creditor	NOUN
cblr-1726	363	26	’s	’s	PART
cblr-1726	363	27	decision	decision	NOUN
cblr-1726	363	28	about	about	ADP
cblr-1726	363	29	whether	whether	SCONJ
cblr-1726	363	30	to	to	PART
cblr-1726	363	31	run	run	VERB
cblr-1726	363	32	is	be	AUX
cblr-1726	363	33	a	a	DET
cblr-1726	363	34	function	function	NOUN
cblr-1726	363	35	not	not	PART
cblr-1726	363	36	only	only	ADV
cblr-1726	363	37	of	of	ADP
cblr-1726	363	38	their	their	PRON
cblr-1726	363	39	demand	demand	NOUN
cblr-1726	363	40	for	for	ADP
cblr-1726	363	41	liquidity	liquidity	NOUN
cblr-1726	363	42	and	and	CCONJ
cblr-1726	363	43	evaluation	evaluation	NOUN
cblr-1726	363	44	of	of	ADP
cblr-1726	363	45	the	the	DET
cblr-1726	363	46	issuer	issuer	NOUN
cblr-1726	363	47	’s	’s	PART
cblr-1726	363	48	creditworthiness	creditworthiness	NOUN
cblr-1726	363	49	,	,	PUNCT
cblr-1726	363	50	but	but	CCONJ
cblr-1726	363	51	also	also	ADV
cblr-1726	363	52	—	—	PUNCT
cblr-1726	363	53	and	and	CCONJ
cblr-1726	363	54	crucially	crucially	ADV
cblr-1726	363	55	—	—	PUNCT
cblr-1726	363	56	their	their	PRON
cblr-1726	363	57	subjective	subjective	ADJ
cblr-1726	363	58	perception	perception	NOUN
cblr-1726	363	59	of	of	ADP
cblr-1726	363	60	whether	whether	SCONJ
cblr-1726	363	61	other	other	ADJ
cblr-1726	363	62	creditors	creditor	NOUN
cblr-1726	363	63	are	be	AUX
cblr-1726	363	64	likely	likely	ADV
cblr-1726	363	65	run.71	run.71	VERB
cblr-1726	363	66	the	the	DET
cblr-1726	363	67	second	second	ADJ
cblr-1726	363	68	account	account	NOUN
cblr-1726	363	69	views	view	NOUN
cblr-1726	363	70	runs	run	VERB
cblr-1726	363	71	as	as	ADP
cblr-1726	363	72	a	a	DET
cblr-1726	363	73	product	product	NOUN
cblr-1726	363	74	of	of	ADP
cblr-1726	363	75	the	the	DET
cblr-1726	363	76	realization	realization	NOUN
cblr-1726	363	77	by	by	ADP
cblr-1726	363	78	short	short	ADJ
cblr-1726	363	79	-	-	PUNCT
cblr-1726	363	80	term	term	NOUN
cblr-1726	363	81	creditors	creditor	NOUN
cblr-1726	363	82	that	that	SCONJ
cblr-1726	363	83	assets	asset	NOUN
cblr-1726	363	84	that	that	PRON
cblr-1726	363	85	they	they	PRON
cblr-1726	363	86	previously	previously	ADV
cblr-1726	363	87	believed	believe	VERB
cblr-1726	363	88	to	to	PART
cblr-1726	363	89	represent	represent	VERB
cblr-1726	363	90	reliable	reliable	ADJ
cblr-1726	363	91	stores	store	NOUN
cblr-1726	363	92	of	of	ADP
cblr-1726	363	93	nominal	nominal	ADJ
cblr-1726	363	94	value	value	NOUN
cblr-1726	363	95	—	—	PUNCT
cblr-1726	363	96	or	or	CCONJ
cblr-1726	363	97	“	"	PUNCT
cblr-1726	363	98	moneyness”72	moneyness”72	PROPN
cblr-1726	363	99	—	—	PUNCT
cblr-1726	363	100	are	be	AUX
cblr-1726	363	101	in	in	ADP
cblr-1726	363	102	fact	fact	NOUN
cblr-1726	363	103	sensitive	sensitive	ADJ
cblr-1726	363	104	to	to	ADP
cblr-1726	363	105	the	the	DET
cblr-1726	363	106	revelation	revelation	NOUN
cblr-1726	363	107	of	of	ADP
cblr-1726	363	108	new	new	ADJ
cblr-1726	363	109	information	information	NOUN
cblr-1726	363	110	about	about	ADP
cblr-1726	363	111	the	the	DET
cblr-1726	363	112	creditworthiness	creditworthiness	NOUN
cblr-1726	363	113	of	of	ADP
cblr-1726	363	114	the	the	DET
cblr-1726	363	115	issuer	issuer	NOUN
cblr-1726	363	116	,	,	PUNCT
cblr-1726	363	117	the	the	DET
cblr-1726	363	118	quality	quality	NOUN
cblr-1726	363	119	of	of	ADP
cblr-1726	363	120	any	any	DET
cblr-1726	363	121	underlying	underlie	VERB
cblr-1726	363	122	collateral	collateral	NOUN
cblr-1726	363	123	,	,	PUNCT
cblr-1726	363	124	or	or	CCONJ
cblr-1726	363	125	other	other	ADJ
cblr-1726	363	126	67	67	NUM
cblr-1726	363	127	the	the	DET
cblr-1726	363	128	term	term	NOUN
cblr-1726	363	129	“	"	PUNCT
cblr-1726	363	130	withdrawals	withdrawal	NOUN
cblr-1726	363	131	”	"	PUNCT
cblr-1726	363	132	in	in	ADP
cblr-1726	363	133	this	this	DET
cblr-1726	363	134	context	context	NOUN
cblr-1726	363	135	includes	include	VERB
cblr-1726	363	136	the	the	DET
cblr-1726	363	137	failure	failure	NOUN
cblr-1726	363	138	to	to	PART
cblr-1726	363	139	rollover	rollover	VERB
cblr-1726	363	140	short	short	ADJ
cblr-1726	363	141	-	-	PUNCT
cblr-1726	363	142	term	term	NOUN
cblr-1726	363	143	wholesale	wholesale	ADJ
cblr-1726	363	144	funding	funding	NOUN
cblr-1726	363	145	.	.	PUNCT
cblr-1726	364	1	68	68	NUM
cblr-1726	364	2	an	an	DET
cblr-1726	364	3	example	example	NOUN
cblr-1726	364	4	may	may	AUX
cblr-1726	364	5	help	help	VERB
cblr-1726	364	6	illustrate	illustrate	VERB
cblr-1726	364	7	this	this	DET
cblr-1726	364	8	point	point	NOUN
cblr-1726	364	9	.	.	PUNCT
cblr-1726	365	1	imagine	imagine	VERB
cblr-1726	365	2	a	a	DET
cblr-1726	365	3	bank	bank	NOUN
cblr-1726	365	4	extends	extend	VERB
cblr-1726	365	5	a	a	DET
cblr-1726	365	6	loan	loan	NOUN
cblr-1726	365	7	of	of	ADP
cblr-1726	365	8	$	$	SYM
cblr-1726	365	9	100	100	NUM
cblr-1726	365	10	to	to	ADP
cblr-1726	365	11	a	a	DET
cblr-1726	365	12	borrower	borrower	NOUN
cblr-1726	365	13	.	.	PUNCT
cblr-1726	366	1	this	this	DET
cblr-1726	366	2	loan	loan	NOUN
cblr-1726	366	3	results	result	NOUN
cblr-1726	366	4	in	in	ADP
cblr-1726	366	5	$	$	SYM
cblr-1726	366	6	100	100	NUM
cblr-1726	366	7	of	of	ADP
cblr-1726	366	8	new	new	ADJ
cblr-1726	366	9	deposits	deposit	NOUN
cblr-1726	366	10	.	.	PUNCT
cblr-1726	367	1	assuming	assume	VERB
cblr-1726	367	2	a	a	DET
cblr-1726	367	3	10	10	NUM
cblr-1726	367	4	%	%	NOUN
cblr-1726	367	5	reserve	reserve	NOUN
cblr-1726	367	6	ratio	ratio	NOUN
cblr-1726	367	7	,	,	PUNCT
cblr-1726	367	8	the	the	DET
cblr-1726	367	9	bank	bank	NOUN
cblr-1726	367	10	is	be	AUX
cblr-1726	367	11	able	able	ADJ
cblr-1726	367	12	to	to	PART
cblr-1726	367	13	extend	extend	VERB
cblr-1726	367	14	an	an	DET
cblr-1726	367	15	additional	additional	ADJ
cblr-1726	367	16	$	$	SYM
cblr-1726	367	17	90	90	NUM
cblr-1726	367	18	of	of	ADP
cblr-1726	367	19	loans	loan	NOUN
cblr-1726	367	20	on	on	ADP
cblr-1726	367	21	the	the	DET
cblr-1726	367	22	basis	basis	NOUN
cblr-1726	367	23	of	of	ADP
cblr-1726	367	24	these	these	DET
cblr-1726	367	25	new	new	ADJ
cblr-1726	367	26	deposits	deposit	NOUN
cblr-1726	367	27	.	.	PUNCT
cblr-1726	368	1	these	these	DET
cblr-1726	368	2	new	new	ADJ
cblr-1726	368	3	loans	loan	NOUN
cblr-1726	368	4	will	will	AUX
cblr-1726	368	5	then	then	ADV
cblr-1726	368	6	result	result	VERB
cblr-1726	368	7	in	in	ADP
cblr-1726	368	8	$	$	SYM
cblr-1726	368	9	90	90	NUM
cblr-1726	368	10	of	of	ADP
cblr-1726	368	11	new	new	ADJ
cblr-1726	368	12	deposits	deposit	NOUN
cblr-1726	368	13	,	,	PUNCT
cblr-1726	368	14	enabling	enable	VERB
cblr-1726	368	15	the	the	DET
cblr-1726	368	16	bank	bank	NOUN
cblr-1726	368	17	to	to	PART
cblr-1726	368	18	extend	extend	VERB
cblr-1726	368	19	$	$	SYM
cblr-1726	368	20	usd81	usd81	NOUN
cblr-1726	368	21	in	in	ADP
cblr-1726	368	22	new	new	ADJ
cblr-1726	368	23	loans	loan	NOUN
cblr-1726	368	24	.	.	PUNCT
cblr-1726	369	1	this	this	DET
cblr-1726	369	2	process	process	NOUN
cblr-1726	369	3	could	could	AUX
cblr-1726	369	4	theoretically	theoretically	ADV
cblr-1726	369	5	continue	continue	VERB
cblr-1726	369	6	ad	ad	NOUN
cblr-1726	369	7	infinitum	infinitum	NOUN
cblr-1726	369	8	.	.	PUNCT
cblr-1726	370	1	69	69	NUM
cblr-1726	370	2	see	see	VERB
cblr-1726	370	3	diamond	diamond	NOUN
cblr-1726	370	4	&	&	CCONJ
cblr-1726	370	5	dybvig	dybvig	PROPN
cblr-1726	370	6	,	,	PUNCT
cblr-1726	370	7	supra	supra	PROPN
cblr-1726	370	8	note	note	PROPN
cblr-1726	370	9	66	66	NUM
cblr-1726	370	10	,	,	PUNCT
cblr-1726	370	11	at	at	ADP
cblr-1726	370	12	402	402	NUM
cblr-1726	370	13	.	.	PUNCT
cblr-1726	370	14	70	70	NUM
cblr-1726	370	15	see	see	VERB
cblr-1726	370	16	i	i	PRON
cblr-1726	370	17	d.	d.	PROPN
cblr-1726	370	18	at	at	ADP
cblr-1726	370	19	402–03	402–03	NUM
cblr-1726	370	20	,	,	PUNCT
cblr-1726	370	21	417–18	417–18	NUM
cblr-1726	370	22	.	.	NOUN
cblr-1726	371	1	71	71	NUM
cblr-1726	371	2	see	see	VERB
cblr-1726	371	3	i	i	PRON
cblr-1726	371	4	d.	d.	PROPN
cblr-1726	371	5	72	72	NUM
cblr-1726	371	6	see	see	VERB
cblr-1726	371	7	milton	milton	PROPN
cblr-1726	371	8	friedman	friedman	PROPN
cblr-1726	371	9	&	&	CCONJ
cblr-1726	371	10	anna	anna	PROPN
cblr-1726	371	11	jacobson	jacobson	PROPN
cblr-1726	371	12	schwartz	schwartz	PROPN
cblr-1726	371	13	,	,	PUNCT
cblr-1726	371	14	monetary	monetary	ADJ
cblr-1726	371	15	statistics	statistic	NOUN
cblr-1726	371	16	of	of	ADP
cblr-1726	371	17	the	the	DET
cblr-1726	371	18	united	united	PROPN
cblr-1726	371	19	states	states	PROPN
cblr-1726	371	20	:	:	PUNCT
cblr-1726	371	21	estimates	estimate	NOUN
cblr-1726	371	22	,	,	PUNCT
cblr-1726	371	23	sources	source	NOUN
cblr-1726	371	24	,	,	PUNCT
cblr-1726	371	25	methods	method	NOUN
cblr-1726	371	26	,	,	PUNCT
cblr-1726	371	27	151–52	151–52	NUM
cblr-1726	371	28	(	(	PUNCT
cblr-1726	371	29	1970	1970	NUM
cblr-1726	371	30	)	)	PUNCT
cblr-1726	371	31	;	;	PUNCT
cblr-1726	371	32	j.	j.	PROPN
cblr-1726	371	33	r.	r.	PROPN
cblr-1726	371	34	hicks	hicks	PROPN
cblr-1726	371	35	,	,	PUNCT
cblr-1726	371	36	value	value	NOUN
cblr-1726	371	37	and	and	CCONJ
cblr-1726	371	38	capital	capital	NOUN
cblr-1726	371	39	,	,	PUNCT
cblr-1726	371	40	163	163	NUM
cblr-1726	371	41	(	(	PUNCT
cblr-1726	371	42	2nd	2nd	ADJ
cblr-1726	371	43	ed	ed	NOUN
cblr-1726	371	44	.	.	PROPN
cblr-1726	371	45	,	,	PUNCT
cblr-1726	371	46	clarendon	clarendon	PROPN
cblr-1726	371	47	press	press	PROPN
cblr-1726	371	48	1946	1946	NUM
cblr-1726	371	49	)	)	PUNCT
cblr-1726	371	50	(	(	PUNCT
cblr-1726	371	51	1939	1939	NUM
cblr-1726	371	52	)	)	PUNCT
cblr-1726	371	53	.	.	PUNCT
cblr-1726	372	1	awrey	awrey	PROPN
cblr-1726	372	2	–	–	PUNCT
cblr-1726	372	3	final	final	ADJ
cblr-1726	372	4	960	960	NUM
cblr-1726	372	5	columbia	columbia	PROPN
cblr-1726	372	6	business	business	NOUN
cblr-1726	372	7	law	law	PROPN
cblr-1726	372	8	review	review	NOUN
cblr-1726	373	1	[	[	X
cblr-1726	373	2	vol	vol	NOUN
cblr-1726	373	3	.	.	NOUN
cblr-1726	373	4	2017	2017	NUM
cblr-1726	373	5	variables.73	variables.73	NOUN
cblr-1726	373	6	pursuant	pursuant	ADJ
cblr-1726	373	7	to	to	ADP
cblr-1726	373	8	this	this	DET
cblr-1726	373	9	second	second	ADJ
cblr-1726	373	10	account	account	NOUN
cblr-1726	373	11	,	,	PUNCT
cblr-1726	373	12	rather	rather	ADV
cblr-1726	373	13	than	than	ADP
cblr-1726	373	14	investing	invest	VERB
cblr-1726	373	15	the	the	DET
cblr-1726	373	16	time	time	NOUN
cblr-1726	373	17	and	and	CCONJ
cblr-1726	373	18	energy	energy	NOUN
cblr-1726	373	19	necessary	necessary	ADJ
cblr-1726	373	20	to	to	PART
cblr-1726	373	21	incorporate	incorporate	VERB
cblr-1726	373	22	this	this	DET
cblr-1726	373	23	new	new	ADJ
cblr-1726	373	24	information	information	NOUN
cblr-1726	373	25	into	into	ADP
cblr-1726	373	26	the	the	DET
cblr-1726	373	27	price	price	NOUN
cblr-1726	373	28	of	of	ADP
cblr-1726	373	29	these	these	DET
cblr-1726	373	30	assets	asset	NOUN
cblr-1726	373	31	,	,	PUNCT
cblr-1726	373	32	creditors	creditor	NOUN
cblr-1726	373	33	may	may	AUX
cblr-1726	373	34	simply	simply	ADV
cblr-1726	373	35	prefer	prefer	VERB
cblr-1726	373	36	to	to	PART
cblr-1726	373	37	shift	shift	VERB
cblr-1726	373	38	to	to	ADP
cblr-1726	373	39	less	less	ADV
cblr-1726	373	40	informationally	informationally	ADV
cblr-1726	373	41	-	-	PUNCT
cblr-1726	373	42	sensitive	sensitive	ADJ
cblr-1726	373	43	substitutes	substitute	NOUN
cblr-1726	373	44	that	that	PRON
cblr-1726	373	45	,	,	PUNCT
cblr-1726	373	46	in	in	ADP
cblr-1726	373	47	effect	effect	NOUN
cblr-1726	373	48	,	,	PUNCT
cblr-1726	373	49	possess	possess	VERB
cblr-1726	373	50	a	a	DET
cblr-1726	373	51	higher	high	ADJ
cblr-1726	373	52	degree	degree	NOUN
cblr-1726	373	53	of	of	ADP
cblr-1726	373	54	moneyness.74	moneyness.74	NOUN
cblr-1726	373	55	where	where	SCONJ
cblr-1726	373	56	the	the	DET
cblr-1726	373	57	liquidity	liquidity	NOUN
cblr-1726	373	58	demands	demand	NOUN
cblr-1726	373	59	of	of	ADP
cblr-1726	373	60	depositors	depositor	NOUN
cblr-1726	373	61	and	and	CCONJ
cblr-1726	373	62	other	other	ADJ
cblr-1726	373	63	shortterm	shortterm	PROPN
cblr-1726	373	64	creditors	creditor	NOUN
cblr-1726	373	65	exceed	exceed	VERB
cblr-1726	373	66	available	available	ADJ
cblr-1726	373	67	reserves	reserve	NOUN
cblr-1726	373	68	,	,	PUNCT
cblr-1726	373	69	banks	bank	NOUN
cblr-1726	373	70	are	be	AUX
cblr-1726	373	71	left	leave	VERB
cblr-1726	373	72	with	with	ADP
cblr-1726	373	73	two	two	NUM
cblr-1726	373	74	possible	possible	ADJ
cblr-1726	373	75	options	option	NOUN
cblr-1726	373	76	.	.	PUNCT
cblr-1726	374	1	the	the	DET
cblr-1726	374	2	first	first	ADJ
cblr-1726	374	3	is	be	AUX
cblr-1726	374	4	to	to	PART
cblr-1726	374	5	seek	seek	VERB
cblr-1726	374	6	funding	funding	NOUN
cblr-1726	374	7	from	from	ADP
cblr-1726	374	8	other	other	ADJ
cblr-1726	374	9	financial	financial	ADJ
cblr-1726	374	10	institutions	institution	NOUN
cblr-1726	374	11	within	within	ADP
cblr-1726	374	12	wholesale	wholesale	ADJ
cblr-1726	374	13	funding	funding	NOUN
cblr-1726	374	14	markets	market	NOUN
cblr-1726	374	15	.	.	PUNCT
cblr-1726	375	1	the	the	DET
cblr-1726	375	2	availability	availability	NOUN
cblr-1726	375	3	of	of	ADP
cblr-1726	375	4	this	this	DET
cblr-1726	375	5	option	option	NOUN
cblr-1726	375	6	will	will	AUX
cblr-1726	375	7	depend	depend	VERB
cblr-1726	375	8	on	on	ADP
cblr-1726	375	9	market	market	NOUN
cblr-1726	375	10	perceptions	perception	NOUN
cblr-1726	375	11	of	of	ADP
cblr-1726	375	12	the	the	DET
cblr-1726	375	13	borrower	borrower	NOUN
cblr-1726	375	14	’s	’s	PART
cblr-1726	375	15	solvency,75	solvency,75	NOUN
cblr-1726	375	16	along	along	ADP
cblr-1726	375	17	with	with	ADP
cblr-1726	375	18	whether	whether	SCONJ
cblr-1726	375	19	or	or	CCONJ
cblr-1726	375	20	not	not	PART
cblr-1726	375	21	prospective	prospective	ADJ
cblr-1726	375	22	lenders	lender	NOUN
cblr-1726	375	23	within	within	ADP
cblr-1726	375	24	this	this	DET
cblr-1726	375	25	market	market	NOUN
cblr-1726	375	26	are	be	AUX
cblr-1726	375	27	themselves	themselves	PRON
cblr-1726	375	28	facing	face	VERB
cblr-1726	375	29	—	—	PUNCT
cblr-1726	375	30	or	or	CCONJ
cblr-1726	375	31	anticipate	anticipate	VERB
cblr-1726	375	32	facing	face	VERB
cblr-1726	375	33	—	—	PUNCT
cblr-1726	375	34	similar	similar	ADJ
cblr-1726	375	35	liquidity	liquidity	NOUN
cblr-1726	375	36	problems.76	problems.76	NOUN
cblr-1726	375	37	the	the	DET
cblr-1726	375	38	second	second	ADJ
cblr-1726	375	39	option	option	NOUN
cblr-1726	375	40	is	be	AUX
cblr-1726	375	41	to	to	PART
cblr-1726	375	42	sell	sell	VERB
cblr-1726	375	43	loans	loan	NOUN
cblr-1726	375	44	or	or	CCONJ
cblr-1726	375	45	other	other	ADJ
cblr-1726	375	46	financial	financial	ADJ
cblr-1726	375	47	assets	asset	NOUN
cblr-1726	375	48	and	and	CCONJ
cblr-1726	375	49	to	to	PART
cblr-1726	375	50	use	use	VERB
cblr-1726	375	51	the	the	DET
cblr-1726	375	52	proceeds	proceed	NOUN
cblr-1726	375	53	to	to	PART
cblr-1726	375	54	satisfy	satisfy	VERB
cblr-1726	375	55	the	the	DET
cblr-1726	375	56	bank	bank	NOUN
cblr-1726	375	57	’s	’s	PART
cblr-1726	375	58	obligations	obligation	NOUN
cblr-1726	375	59	to	to	ADP
cblr-1726	375	60	short	short	ADJ
cblr-1726	375	61	-	-	PUNCT
cblr-1726	375	62	term	term	NOUN
cblr-1726	375	63	creditors	creditor	NOUN
cblr-1726	375	64	.	.	PUNCT
cblr-1726	376	1	crucially	crucially	ADV
cblr-1726	376	2	,	,	PUNCT
cblr-1726	376	3	however	however	ADV
cblr-1726	376	4	,	,	PUNCT
cblr-1726	376	5	where	where	SCONJ
cblr-1726	376	6	banks	bank	NOUN
cblr-1726	376	7	are	be	AUX
cblr-1726	376	8	forced	force	VERB
cblr-1726	376	9	to	to	PART
cblr-1726	376	10	sell	sell	VERB
cblr-1726	376	11	longerterm	longerterm	NOUN
cblr-1726	376	12	,	,	PUNCT
cblr-1726	376	13	opaque	opaque	ADJ
cblr-1726	376	14	,	,	PUNCT
cblr-1726	376	15	and	and	CCONJ
cblr-1726	376	16	illiquid	illiquid	ADJ
cblr-1726	376	17	assets	asset	NOUN
cblr-1726	376	18	within	within	ADP
cblr-1726	376	19	a	a	DET
cblr-1726	376	20	short	short	ADJ
cblr-1726	376	21	time	time	NOUN
cblr-1726	376	22	frame	frame	NOUN
cblr-1726	376	23	,	,	PUNCT
cblr-1726	376	24	this	this	PRON
cblr-1726	376	25	will	will	AUX
cblr-1726	376	26	reduce	reduce	VERB
cblr-1726	376	27	the	the	DET
cblr-1726	376	28	probability	probability	NOUN
cblr-1726	376	29	that	that	SCONJ
cblr-1726	376	30	these	these	DET
cblr-1726	376	31	institutions	institution	NOUN
cblr-1726	376	32	will	will	AUX
cblr-1726	376	33	be	be	AUX
cblr-1726	376	34	able	able	ADJ
cblr-1726	376	35	to	to	PART
cblr-1726	376	36	sell	sell	VERB
cblr-1726	376	37	these	these	DET
cblr-1726	376	38	assets	asset	NOUN
cblr-1726	376	39	at	at	ADP
cblr-1726	376	40	full	full	ADJ
cblr-1726	376	41	market	market	NOUN
cblr-1726	376	42	value	value	NOUN
cblr-1726	376	43	.	.	PUNCT
cblr-1726	377	1	as	as	ADP
cblr-1726	377	2	a	a	DET
cblr-1726	377	3	result	result	NOUN
cblr-1726	377	4	,	,	PUNCT
cblr-1726	377	5	banks	bank	NOUN
cblr-1726	377	6	may	may	AUX
cblr-1726	377	7	be	be	AUX
cblr-1726	377	8	forced	force	VERB
cblr-1726	377	9	to	to	PART
cblr-1726	377	10	accept	accept	VERB
cblr-1726	377	11	losses	loss	NOUN
cblr-1726	377	12	on	on	ADP
cblr-1726	377	13	long	long	ADJ
cblr-1726	377	14	-	-	PUNCT
cblr-1726	377	15	term	term	NOUN
cblr-1726	377	16	assets	asset	NOUN
cblr-1726	377	17	in	in	ADP
cblr-1726	377	18	order	order	NOUN
cblr-1726	377	19	to	to	PART
cblr-1726	377	20	honor	honor	VERB
cblr-1726	377	21	their	their	PRON
cblr-1726	377	22	liabilities	liability	NOUN
cblr-1726	377	23	to	to	ADP
cblr-1726	377	24	short	short	ADJ
cblr-1726	377	25	-	-	PUNCT
cblr-1726	377	26	term	term	NOUN
cblr-1726	377	27	creditors	creditor	NOUN
cblr-1726	377	28	.	.	PUNCT
cblr-1726	378	1	73	73	NUM
cblr-1726	378	2	see	see	VERB
cblr-1726	378	3	generally	generally	ADV
cblr-1726	378	4	gary	gary	PROPN
cblr-1726	378	5	b.	b.	PROPN
cblr-1726	378	6	gorton	gorton	PROPN
cblr-1726	378	7	,	,	PUNCT
cblr-1726	378	8	slapped	slap	VERB
cblr-1726	378	9	by	by	ADP
cblr-1726	378	10	the	the	DET
cblr-1726	378	11	invisible	invisible	ADJ
cblr-1726	378	12	hand	hand	NOUN
cblr-1726	378	13	:	:	PUNCT
cblr-1726	378	14	the	the	DET
cblr-1726	378	15	panic	panic	NOUN
cblr-1726	378	16	of	of	ADP
cblr-1726	378	17	2007	2007	NUM
cblr-1726	378	18	(	(	PUNCT
cblr-1726	378	19	2010	2010	NUM
cblr-1726	378	20	)	)	PUNCT
cblr-1726	378	21	;	;	PUNCT
cblr-1726	378	22	bengt	bengt	PROPN
cblr-1726	378	23	holmstrom	holmstrom	PROPN
cblr-1726	378	24	,	,	PUNCT
cblr-1726	378	25	understanding	understand	VERB
cblr-1726	378	26	the	the	DET
cblr-1726	378	27	role	role	NOUN
cblr-1726	378	28	of	of	ADP
cblr-1726	378	29	debt	debt	NOUN
cblr-1726	378	30	in	in	ADP
cblr-1726	378	31	the	the	DET
cblr-1726	378	32	financial	financial	ADJ
cblr-1726	378	33	system	system	NOUN
cblr-1726	378	34	(	(	PUNCT
cblr-1726	378	35	bank	bank	NOUN
cblr-1726	378	36	of	of	ADP
cblr-1726	378	37	int’l	int’l	NUM
cblr-1726	378	38	settlements	settlement	NOUN
cblr-1726	378	39	,	,	PUNCT
cblr-1726	378	40	working	work	VERB
cblr-1726	378	41	paper	paper	NOUN
cblr-1726	378	42	no	no	INTJ
cblr-1726	378	43	.	.	PROPN
cblr-1726	378	44	479	479	NUM
cblr-1726	378	45	,	,	PUNCT
cblr-1726	378	46	jan	jan	PROPN
cblr-1726	378	47	.	.	PROPN
cblr-1726	378	48	2015	2015	NUM
cblr-1726	378	49	)	)	PUNCT
cblr-1726	378	50	,	,	PUNCT
cblr-1726	378	51	https://www.bis.org/publ/work479.pdf	https://www.bis.org/publ/work479.pdf	NOUN
cblr-1726	379	1	[	[	X
cblr-1726	379	2	perma.cc/h44l-c4pv	perma.cc/h44l-c4pv	X
cblr-1726	379	3	]	]	PUNCT
cblr-1726	379	4	.	.	PUNCT
cblr-1726	380	1	the	the	DET
cblr-1726	380	2	key	key	ADJ
cblr-1726	380	3	difference	difference	NOUN
cblr-1726	380	4	between	between	ADP
cblr-1726	380	5	this	this	DET
cblr-1726	380	6	account	account	NOUN
cblr-1726	380	7	and	and	CCONJ
cblr-1726	380	8	multiple	multiple	ADJ
cblr-1726	380	9	equilibrium	equilibrium	NOUN
cblr-1726	380	10	views	view	NOUN
cblr-1726	380	11	of	of	ADP
cblr-1726	380	12	run	run	NOUN
cblr-1726	380	13	-	-	PUNCT
cblr-1726	380	14	like	like	ADJ
cblr-1726	380	15	behavior	behavior	NOUN
cblr-1726	380	16	is	be	AUX
cblr-1726	380	17	the	the	DET
cblr-1726	380	18	absence	absence	NOUN
cblr-1726	380	19	of	of	ADP
cblr-1726	380	20	a	a	DET
cblr-1726	380	21	coordination	coordination	NOUN
cblr-1726	380	22	problem	problem	NOUN
cblr-1726	380	23	,	,	PUNCT
cblr-1726	380	24	i.e.	i.e.	X
cblr-1726	380	25	,	,	PUNCT
cblr-1726	380	26	creditors	creditor	NOUN
cblr-1726	380	27	in	in	ADP
cblr-1726	380	28	this	this	DET
cblr-1726	380	29	second	second	ADJ
cblr-1726	380	30	account	account	NOUN
cblr-1726	380	31	do	do	AUX
cblr-1726	380	32	not	not	PART
cblr-1726	380	33	switch	switch	VERB
cblr-1726	380	34	in	in	ADP
cblr-1726	380	35	anticipation	anticipation	NOUN
cblr-1726	380	36	of	of	ADP
cblr-1726	380	37	the	the	DET
cblr-1726	380	38	decisions	decision	NOUN
cblr-1726	380	39	of	of	ADP
cblr-1726	380	40	other	other	ADJ
cblr-1726	380	41	creditors	creditor	NOUN
cblr-1726	380	42	.	.	PUNCT
cblr-1726	381	1	74	74	NUM
cblr-1726	381	2	see	see	VERB
cblr-1726	381	3	generally	generally	ADV
cblr-1726	381	4	gorton	gorton	PROPN
cblr-1726	381	5	,	,	PUNCT
cblr-1726	381	6	supra	supra	PROPN
cblr-1726	381	7	note	note	PROPN
cblr-1726	381	8	73	73	NUM
cblr-1726	381	9	;	;	PUNCT
cblr-1726	381	10	holmstrom	holmstrom	PROPN
cblr-1726	381	11	,	,	PUNCT
cblr-1726	381	12	supra	supra	PROPN
cblr-1726	381	13	note	note	NOUN
cblr-1726	381	14	73	73	NUM
cblr-1726	381	15	.	.	PUNCT
cblr-1726	382	1	75	75	NUM
cblr-1726	382	2	see	see	VERB
cblr-1726	382	3	freixas	freixas	PROPN
cblr-1726	382	4	et	et	PROPN
cblr-1726	382	5	al	al	PROPN
cblr-1726	382	6	.	.	PROPN
cblr-1726	382	7	,	,	PUNCT
cblr-1726	382	8	supra	supra	PROPN
cblr-1726	382	9	note	note	PROPN
cblr-1726	382	10	55	55	NUM
cblr-1726	382	11	,	,	PUNCT
cblr-1726	382	12	at	at	ADP
cblr-1726	382	13	153	153	NUM
cblr-1726	382	14	.	.	PUNCT
cblr-1726	383	1	76	76	NUM
cblr-1726	383	2	see	see	VERB
cblr-1726	383	3	mark	mark	PROPN
cblr-1726	383	4	j.	j.	PROPN
cblr-1726	383	5	flannery	flannery	PROPN
cblr-1726	383	6	,	,	PUNCT
cblr-1726	383	7	financial	financial	ADJ
cblr-1726	383	8	crises	crisis	NOUN
cblr-1726	383	9	,	,	PUNCT
cblr-1726	383	10	payment	payment	NOUN
cblr-1726	383	11	system	system	NOUN
cblr-1726	383	12	problems	problem	NOUN
cblr-1726	383	13	,	,	PUNCT
cblr-1726	383	14	and	and	CCONJ
cblr-1726	383	15	discount	discount	NOUN
cblr-1726	383	16	window	window	NOUN
cblr-1726	383	17	lending	lending	NOUN
cblr-1726	383	18	,	,	PUNCT
cblr-1726	383	19	28	28	NUM
cblr-1726	383	20	j.	j.	PROPN
cblr-1726	383	21	money	money	PROPN
cblr-1726	383	22	,	,	PUNCT
cblr-1726	383	23	credit	credit	NOUN
cblr-1726	383	24	&	&	CCONJ
cblr-1726	383	25	banking	banking	PROPN
cblr-1726	383	26	804	804	NUM
cblr-1726	383	27	,	,	PUNCT
cblr-1726	383	28	805	805	NUM
cblr-1726	383	29	–	–	PUNCT
cblr-1726	383	30	06	06	NUM
cblr-1726	383	31	(	(	PUNCT
cblr-1726	383	32	1996	1996	NUM
cblr-1726	383	33	)	)	PUNCT
cblr-1726	383	34	(	(	PUNCT
cblr-1726	383	35	suggesting	suggest	VERB
cblr-1726	383	36	that	that	SCONJ
cblr-1726	383	37	banks	bank	NOUN
cblr-1726	383	38	may	may	AUX
cblr-1726	383	39	become	become	VERB
cblr-1726	383	40	more	more	ADV
cblr-1726	383	41	reluctant	reluctant	ADJ
cblr-1726	383	42	to	to	PART
cblr-1726	383	43	lend	lend	VERB
cblr-1726	383	44	in	in	ADP
cblr-1726	383	45	the	the	DET
cblr-1726	383	46	wholesale	wholesale	ADJ
cblr-1726	383	47	market	market	NOUN
cblr-1726	383	48	during	during	ADP
cblr-1726	383	49	periods	period	NOUN
cblr-1726	383	50	of	of	ADP
cblr-1726	383	51	crisis	crisis	NOUN
cblr-1726	383	52	)	)	PUNCT
cblr-1726	383	53	;	;	PUNCT
cblr-1726	383	54	xavier	xavier	PROPN
cblr-1726	383	55	freixas	freixas	PROPN
cblr-1726	383	56	et	et	PROPN
cblr-1726	383	57	al	al	PROPN
cblr-1726	383	58	.	.	PROPN
cblr-1726	383	59	,	,	PUNCT
cblr-1726	383	60	systemic	systemic	ADJ
cblr-1726	383	61	risk	risk	NOUN
cblr-1726	383	62	,	,	PUNCT
cblr-1726	383	63	interbank	interbank	NOUN
cblr-1726	383	64	relations	relation	NOUN
cblr-1726	383	65	,	,	PUNCT
cblr-1726	383	66	and	and	CCONJ
cblr-1726	383	67	liquidity	liquidity	NOUN
cblr-1726	383	68	provision	provision	NOUN
cblr-1726	383	69	by	by	ADP
cblr-1726	383	70	the	the	DET
cblr-1726	383	71	central	central	PROPN
cblr-1726	383	72	bank	bank	NOUN
cblr-1726	383	73	,	,	PUNCT
cblr-1726	383	74	32	32	NUM
cblr-1726	383	75	j.	j.	NOUN
cblr-1726	383	76	of	of	ADP
cblr-1726	383	77	money	money	NOUN
cblr-1726	383	78	,	,	PUNCT
cblr-1726	383	79	credit	credit	NOUN
cblr-1726	383	80	&	&	CCONJ
cblr-1726	383	81	banking	banking	NOUN
cblr-1726	383	82	611	611	NUM
cblr-1726	383	83	,	,	PUNCT
cblr-1726	383	84	611	611	NUM
cblr-1726	383	85	,	,	PUNCT
cblr-1726	383	86	613	613	NUM
cblr-1726	383	87	(	(	PUNCT
cblr-1726	383	88	2000	2000	NUM
cblr-1726	383	89	)	)	PUNCT
cblr-1726	383	90	(	(	PUNCT
cblr-1726	383	91	presenting	present	VERB
cblr-1726	383	92	a	a	DET
cblr-1726	383	93	model	model	NOUN
cblr-1726	383	94	in	in	ADP
cblr-1726	383	95	which	which	PRON
cblr-1726	383	96	banks	bank	NOUN
cblr-1726	383	97	are	be	AUX
cblr-1726	383	98	reluctant	reluctant	ADJ
cblr-1726	383	99	to	to	PART
cblr-1726	383	100	lend	lend	VERB
cblr-1726	383	101	in	in	ADP
cblr-1726	383	102	the	the	DET
cblr-1726	383	103	wholesale	wholesale	ADJ
cblr-1726	383	104	market	market	NOUN
cblr-1726	383	105	owing	owe	VERB
cblr-1726	383	106	to	to	ADP
cblr-1726	383	107	uncertainty	uncertainty	NOUN
cblr-1726	383	108	about	about	ADP
cblr-1726	383	109	their	their	PRON
cblr-1726	383	110	own	own	ADJ
cblr-1726	383	111	ability	ability	NOUN
cblr-1726	383	112	to	to	PART
cblr-1726	383	113	borrow	borrow	VERB
cblr-1726	383	114	in	in	ADP
cblr-1726	383	115	the	the	DET
cblr-1726	383	116	market	market	NOUN
cblr-1726	383	117	in	in	ADP
cblr-1726	383	118	the	the	DET
cblr-1726	383	119	future	future	NOUN
cblr-1726	383	120	)	)	PUNCT
cblr-1726	383	121	.	.	PUNCT
cblr-1726	384	1	awrey	awrey	PROPN
cblr-1726	384	2	–	–	PUNCT
cblr-1726	384	3	final	final	ADJ
cblr-1726	384	4	no	no	NOUN
cblr-1726	384	5	.	.	PUNCT
cblr-1726	385	1	3:934	3:934	X
cblr-1726	385	2	]	]	X
cblr-1726	385	3	foreign	foreign	ADJ
cblr-1726	385	4	currency	currency	NOUN
cblr-1726	385	5	liquidity	liquidity	NOUN
cblr-1726	385	6	assistance	assistance	NOUN
cblr-1726	385	7	961	961	NUM
cblr-1726	385	8	through	through	ADP
cblr-1726	385	9	this	this	DET
cblr-1726	385	10	channel	channel	NOUN
cblr-1726	385	11	,	,	PUNCT
cblr-1726	385	12	what	what	PRON
cblr-1726	385	13	began	begin	VERB
cblr-1726	385	14	as	as	ADP
cblr-1726	385	15	a	a	DET
cblr-1726	385	16	short	short	ADJ
cblr-1726	385	17	-	-	PUNCT
cblr-1726	385	18	term	term	NOUN
cblr-1726	385	19	liquidity	liquidity	NOUN
cblr-1726	385	20	problem	problem	NOUN
cblr-1726	385	21	can	can	AUX
cblr-1726	385	22	quickly	quickly	ADV
cblr-1726	385	23	evolve	evolve	VERB
cblr-1726	385	24	into	into	ADP
cblr-1726	385	25	a	a	DET
cblr-1726	385	26	full	full	ADV
cblr-1726	385	27	-	-	PUNCT
cblr-1726	385	28	blown	blow	VERB
cblr-1726	385	29	solvency	solvency	NOUN
cblr-1726	385	30	problem	problem	NOUN
cblr-1726	385	31	.	.	PUNCT
cblr-1726	386	1	however	however	ADV
cblr-1726	386	2	one	one	NUM
cblr-1726	386	3	elects	elect	NOUN
cblr-1726	386	4	to	to	PART
cblr-1726	386	5	frame	frame	VERB
cblr-1726	386	6	the	the	DET
cblr-1726	386	7	source	source	NOUN
cblr-1726	386	8	of	of	ADP
cblr-1726	386	9	this	this	DET
cblr-1726	386	10	fragility	fragility	NOUN
cblr-1726	386	11	,	,	PUNCT
cblr-1726	386	12	the	the	DET
cblr-1726	386	13	destabilizing	destabilizing	ADJ
cblr-1726	386	14	run	run	NOUN
cblr-1726	386	15	-	-	PUNCT
cblr-1726	386	16	like	like	ADJ
cblr-1726	386	17	behavior	behavior	NOUN
cblr-1726	386	18	at	at	ADP
cblr-1726	386	19	the	the	DET
cblr-1726	386	20	heart	heart	NOUN
cblr-1726	386	21	of	of	ADP
cblr-1726	386	22	bank	bank	NOUN
cblr-1726	386	23	runs	run	NOUN
cblr-1726	386	24	can	can	AUX
cblr-1726	386	25	escalate	escalate	VERB
cblr-1726	386	26	into	into	ADP
cblr-1726	386	27	more	more	ADJ
cblr-1726	386	28	generalized	generalized	ADJ
cblr-1726	386	29	panics	panic	NOUN
cblr-1726	386	30	characterized	characterize	VERB
cblr-1726	386	31	by	by	ADP
cblr-1726	386	32	the	the	DET
cblr-1726	386	33	widespread	widespread	ADJ
cblr-1726	386	34	withdrawal	withdrawal	NOUN
cblr-1726	386	35	of	of	ADP
cblr-1726	386	36	financing	financing	NOUN
cblr-1726	386	37	by	by	ADP
cblr-1726	386	38	short	short	ADJ
cblr-1726	386	39	-	-	PUNCT
cblr-1726	386	40	term	term	NOUN
cblr-1726	386	41	creditors	creditor	NOUN
cblr-1726	386	42	and	and	CCONJ
cblr-1726	386	43	a	a	DET
cblr-1726	386	44	resulting	result	VERB
cblr-1726	386	45	“	"	PUNCT
cblr-1726	386	46	scramble	scramble	NOUN
cblr-1726	386	47	for	for	ADP
cblr-1726	386	48	high	high	ADJ
cblr-1726	386	49	-	-	PUNCT
cblr-1726	386	50	powered	power	VERB
cblr-1726	386	51	money	money	NOUN
cblr-1726	386	52	.	.	PUNCT
cblr-1726	387	1	”77	”77	VERB
cblr-1726	388	1	these	these	DET
cblr-1726	388	2	generalized	generalized	ADJ
cblr-1726	388	3	panics	panic	NOUN
cblr-1726	388	4	can	can	AUX
cblr-1726	388	5	be	be	AUX
cblr-1726	388	6	understood	understand	VERB
cblr-1726	388	7	as	as	ADP
cblr-1726	388	8	throwing	throw	VERB
cblr-1726	388	9	the	the	DET
cblr-1726	388	10	fractional	fractional	PROPN
cblr-1726	388	11	reserve	reserve	NOUN
cblr-1726	388	12	model	model	NOUN
cblr-1726	388	13	into	into	ADP
cblr-1726	388	14	reverse	reverse	NOUN
cblr-1726	388	15	:	:	PUNCT
cblr-1726	388	16	with	with	ADP
cblr-1726	388	17	the	the	DET
cblr-1726	388	18	flight	flight	NOUN
cblr-1726	388	19	of	of	ADP
cblr-1726	388	20	short	short	ADJ
cblr-1726	388	21	-	-	PUNCT
cblr-1726	388	22	term	term	NOUN
cblr-1726	388	23	creditors	creditor	NOUN
cblr-1726	388	24	reducing	reduce	VERB
cblr-1726	388	25	the	the	DET
cblr-1726	388	26	deposit	deposit	NOUN
cblr-1726	388	27	base	base	NOUN
cblr-1726	388	28	and	and	CCONJ
cblr-1726	388	29	precipitating	precipitate	VERB
cblr-1726	388	30	fire	fire	NOUN
cblr-1726	388	31	sales	sale	NOUN
cblr-1726	388	32	of	of	ADP
cblr-1726	388	33	loans	loan	NOUN
cblr-1726	388	34	and	and	CCONJ
cblr-1726	388	35	other	other	ADJ
cblr-1726	388	36	assets	asset	NOUN
cblr-1726	388	37	,	,	PUNCT
cblr-1726	388	38	and	and	CCONJ
cblr-1726	388	39	the	the	DET
cblr-1726	388	40	sale	sale	NOUN
cblr-1726	388	41	of	of	ADP
cblr-1726	388	42	loans	loan	NOUN
cblr-1726	388	43	mechanically	mechanically	ADV
cblr-1726	388	44	resulting	result	VERB
cblr-1726	388	45	in	in	ADP
cblr-1726	388	46	further	further	ADJ
cblr-1726	388	47	reductions	reduction	NOUN
cblr-1726	388	48	in	in	ADP
cblr-1726	388	49	the	the	DET
cblr-1726	388	50	deposit	deposit	NOUN
cblr-1726	388	51	base.78	base.78	PROPN
cblr-1726	388	52	morgan	morgan	PROPN
cblr-1726	388	53	ricks	ricks	PROPN
cblr-1726	388	54	has	have	AUX
cblr-1726	388	55	characterized	characterize	VERB
cblr-1726	388	56	this	this	DET
cblr-1726	388	57	relationship	relationship	NOUN
cblr-1726	388	58	among	among	ADP
cblr-1726	388	59	runs	run	NOUN
cblr-1726	388	60	,	,	PUNCT
cblr-1726	388	61	financial	financial	ADJ
cblr-1726	388	62	panics	panic	NOUN
cblr-1726	388	63	,	,	PUNCT
cblr-1726	388	64	and	and	CCONJ
cblr-1726	388	65	private	private	ADJ
cblr-1726	388	66	money	money	NOUN
cblr-1726	388	67	creation	creation	NOUN
cblr-1726	388	68	as	as	ADP
cblr-1726	388	69	“	"	PUNCT
cblr-1726	388	70	the	the	DET
cblr-1726	388	71	money	money	NOUN
cblr-1726	388	72	problem”79	problem”79	ADV
cblr-1726	388	73	and	and	CCONJ
cblr-1726	388	74	views	view	VERB
cblr-1726	388	75	it	it	PRON
cblr-1726	388	76	as	as	ADP
cblr-1726	388	77	“	"	PUNCT
cblr-1726	388	78	far	far	ADV
cblr-1726	388	79	and	and	CCONJ
cblr-1726	388	80	away	away	ADV
cblr-1726	388	81	the	the	DET
cblr-1726	388	82	biggest	big	ADJ
cblr-1726	388	83	threat	threat	NOUN
cblr-1726	388	84	the	the	DET
cblr-1726	388	85	financial	financial	ADJ
cblr-1726	388	86	system	system	NOUN
cblr-1726	388	87	poses	pose	VERB
cblr-1726	388	88	to	to	ADP
cblr-1726	388	89	the	the	DET
cblr-1726	388	90	broader	broad	ADJ
cblr-1726	388	91	economy	economy	NOUN
cblr-1726	388	92	.	.	PUNCT
cblr-1726	389	1	”80	”80	NOUN
cblr-1726	389	2	at	at	ADP
cblr-1726	389	3	the	the	DET
cblr-1726	389	4	core	core	NOUN
cblr-1726	389	5	of	of	ADP
cblr-1726	389	6	this	this	DET
cblr-1726	389	7	problem	problem	NOUN
cblr-1726	389	8	is	be	AUX
cblr-1726	389	9	the	the	DET
cblr-1726	389	10	contraction	contraction	NOUN
cblr-1726	389	11	in	in	ADP
cblr-1726	389	12	the	the	DET
cblr-1726	389	13	supply	supply	NOUN
cblr-1726	389	14	of	of	ADP
cblr-1726	389	15	privately	privately	ADV
cblr-1726	389	16	created	create	VERB
cblr-1726	389	17	money	money	NOUN
cblr-1726	389	18	during	during	ADP
cblr-1726	389	19	financial	financial	ADJ
cblr-1726	389	20	panics	panic	NOUN
cblr-1726	389	21	and	and	CCONJ
cblr-1726	389	22	the	the	DET
cblr-1726	389	23	resulting	result	VERB
cblr-1726	389	24	impact	impact	NOUN
cblr-1726	389	25	on	on	ADP
cblr-1726	389	26	the	the	DET
cblr-1726	389	27	real	real	ADJ
cblr-1726	389	28	economy.81	economy.81	NOUN
cblr-1726	389	29	these	these	DET
cblr-1726	389	30	contractions	contraction	NOUN
cblr-1726	389	31	force	force	VERB
cblr-1726	389	32	financial	financial	ADJ
cblr-1726	389	33	institutions	institution	NOUN
cblr-1726	389	34	that	that	PRON
cblr-1726	389	35	rely	rely	VERB
cblr-1726	389	36	on	on	ADP
cblr-1726	389	37	short	short	ADJ
cblr-1726	389	38	-	-	PUNCT
cblr-1726	389	39	term	term	NOUN
cblr-1726	389	40	funding	funding	NOUN
cblr-1726	389	41	to	to	PART
cblr-1726	389	42	sell	sell	VERB
cblr-1726	389	43	77	77	NUM
cblr-1726	389	44	anna	anna	PROPN
cblr-1726	389	45	j.	j.	PROPN
cblr-1726	389	46	schwartz	schwartz	PROPN
cblr-1726	389	47	,	,	PUNCT
cblr-1726	389	48	real	real	ADJ
cblr-1726	389	49	and	and	CCONJ
cblr-1726	389	50	pseudo	pseudo	ADJ
cblr-1726	389	51	-	-	ADJ
cblr-1726	389	52	financial	financial	ADJ
cblr-1726	389	53	crises	crisis	NOUN
cblr-1726	389	54	,	,	PUNCT
cblr-1726	389	55	in	in	ADP
cblr-1726	389	56	money	money	NOUN
cblr-1726	389	57	in	in	ADP
cblr-1726	389	58	historical	historical	ADJ
cblr-1726	389	59	perspective	perspective	NOUN
cblr-1726	389	60	271	271	NUM
cblr-1726	389	61	(	(	PUNCT
cblr-1726	389	62	1987	1987	NUM
cblr-1726	389	63	)	)	PUNCT
cblr-1726	389	64	.	.	PUNCT
cblr-1726	390	1	78	78	NUM
cblr-1726	390	2	although	although	SCONJ
cblr-1726	390	3	at	at	ADP
cblr-1726	390	4	a	a	DET
cblr-1726	390	5	systemic	systemic	ADJ
cblr-1726	390	6	level	level	NOUN
cblr-1726	390	7	,	,	PUNCT
cblr-1726	390	8	the	the	DET
cblr-1726	390	9	reduction	reduction	NOUN
cblr-1726	390	10	in	in	ADP
cblr-1726	390	11	deposits	deposit	NOUN
cblr-1726	390	12	will	will	AUX
cblr-1726	390	13	only	only	ADV
cblr-1726	390	14	serve	serve	VERB
cblr-1726	390	15	to	to	PART
cblr-1726	390	16	reduce	reduce	VERB
cblr-1726	390	17	the	the	DET
cblr-1726	390	18	aggregate	aggregate	ADJ
cblr-1726	390	19	money	money	NOUN
cblr-1726	390	20	supply	supply	NOUN
cblr-1726	390	21	where	where	SCONJ
cblr-1726	390	22	the	the	DET
cblr-1726	390	23	withdrawn	withdraw	VERB
cblr-1726	390	24	funds	fund	NOUN
cblr-1726	390	25	flow	flow	VERB
cblr-1726	390	26	out	out	ADP
cblr-1726	390	27	of	of	ADP
cblr-1726	390	28	the	the	DET
cblr-1726	390	29	conventional	conventional	ADJ
cblr-1726	390	30	banking	banking	NOUN
cblr-1726	390	31	system	system	NOUN
cblr-1726	390	32	.	.	PUNCT
cblr-1726	391	1	see	see	VERB
cblr-1726	391	2	george	george	PROPN
cblr-1726	391	3	g.	g.	PROPN
cblr-1726	391	4	kaufman	kaufman	PROPN
cblr-1726	391	5	,	,	PUNCT
cblr-1726	391	6	lender	lender	NOUN
cblr-1726	391	7	of	of	ADP
cblr-1726	391	8	last	last	ADJ
cblr-1726	391	9	resort	resort	NOUN
cblr-1726	391	10	:	:	PUNCT
cblr-1726	391	11	a	a	DET
cblr-1726	391	12	contemporary	contemporary	ADJ
cblr-1726	391	13	perspective	perspective	NOUN
cblr-1726	391	14	,	,	PUNCT
cblr-1726	391	15	in	in	ADP
cblr-1726	391	16	financial	financial	ADJ
cblr-1726	391	17	crises	crisis	NOUN
cblr-1726	391	18	,	,	PUNCT
cblr-1726	391	19	contagion	contagion	NOUN
cblr-1726	391	20	,	,	PUNCT
cblr-1726	391	21	and	and	CCONJ
cblr-1726	391	22	the	the	DET
cblr-1726	391	23	lender	lender	NOUN
cblr-1726	391	24	of	of	ADP
cblr-1726	391	25	last	last	ADJ
cblr-1726	391	26	resort	resort	NOUN
cblr-1726	391	27	169	169	NUM
cblr-1726	391	28	,	,	PUNCT
cblr-1726	391	29	174	174	NUM
cblr-1726	391	30	(	(	PUNCT
cblr-1726	391	31	charles	charle	NOUN
cblr-1726	391	32	goodhart	goodhart	PROPN
cblr-1726	391	33	&	&	CCONJ
cblr-1726	391	34	gerhard	gerhard	PROPN
cblr-1726	391	35	illing	ille	VERB
cblr-1726	391	36	eds	ed	NOUN
cblr-1726	391	37	.	.	PROPN
cblr-1726	391	38	,	,	PUNCT
cblr-1726	391	39	2002	2002	NUM
cblr-1726	391	40	)	)	PUNCT
cblr-1726	391	41	.	.	PUNCT
cblr-1726	392	1	79	79	NUM
cblr-1726	392	2	morgan	morgan	PROPN
cblr-1726	392	3	ricks	rick	NOUN
cblr-1726	392	4	,	,	PUNCT
cblr-1726	392	5	the	the	DET
cblr-1726	392	6	money	money	NOUN
cblr-1726	392	7	problem	problem	NOUN
cblr-1726	392	8	:	:	PUNCT
cblr-1726	392	9	rethinking	rethink	VERB
cblr-1726	392	10	financial	financial	ADJ
cblr-1726	392	11	regulation	regulation	NOUN
cblr-1726	392	12	(	(	PUNCT
cblr-1726	392	13	2016	2016	NUM
cblr-1726	392	14	)	)	PUNCT
cblr-1726	392	15	.	.	PUNCT
cblr-1726	393	1	80	80	NUM
cblr-1726	394	1	i	i	PRON
cblr-1726	394	2	d.	d.	NOUN
cblr-1726	394	3	at	at	ADP
cblr-1726	394	4	103	103	NUM
cblr-1726	394	5	.	.	PUNCT
cblr-1726	395	1	81	81	NUM
cblr-1726	395	2	in	in	ADP
cblr-1726	395	3	this	this	DET
cblr-1726	395	4	respect	respect	NOUN
cblr-1726	395	5	,	,	PUNCT
cblr-1726	395	6	ricks	rick	NOUN
cblr-1726	395	7	draws	draw	VERB
cblr-1726	395	8	on	on	ADP
cblr-1726	395	9	friedman	friedman	PROPN
cblr-1726	395	10	and	and	CCONJ
cblr-1726	395	11	schwartz	schwartz	PROPN
cblr-1726	395	12	’s	’s	PART
cblr-1726	395	13	analysis	analysis	NOUN
cblr-1726	395	14	of	of	ADP
cblr-1726	395	15	the	the	DET
cblr-1726	395	16	monetary	monetary	ADJ
cblr-1726	395	17	causes	cause	NOUN
cblr-1726	395	18	of	of	ADP
cblr-1726	395	19	the	the	DET
cblr-1726	395	20	great	great	ADJ
cblr-1726	395	21	depression	depression	NOUN
cblr-1726	395	22	.	.	PUNCT
cblr-1726	396	1	see	see	VERB
cblr-1726	396	2	generally	generally	ADV
cblr-1726	396	3	milton	milton	PROPN
cblr-1726	396	4	friedman	friedman	PROPN
cblr-1726	396	5	&	&	CCONJ
cblr-1726	396	6	anna	anna	PROPN
cblr-1726	396	7	jacobson	jacobson	PROPN
cblr-1726	396	8	schwartz	schwartz	PROPN
cblr-1726	396	9	,	,	PUNCT
cblr-1726	396	10	a	a	DET
cblr-1726	396	11	monetary	monetary	ADJ
cblr-1726	396	12	history	history	NOUN
cblr-1726	396	13	of	of	ADP
cblr-1726	396	14	the	the	DET
cblr-1726	396	15	united	united	PROPN
cblr-1726	396	16	states	states	PROPN
cblr-1726	396	17	,	,	PUNCT
cblr-1726	396	18	1867–1960	1867–1960	NUM
cblr-1726	396	19	(	(	PUNCT
cblr-1726	396	20	1971	1971	NUM
cblr-1726	396	21	)	)	PUNCT
cblr-1726	396	22	.	.	PUNCT
cblr-1726	397	1	ricks	rick	NOUN
cblr-1726	397	2	also	also	ADV
cblr-1726	397	3	relies	rely	VERB
cblr-1726	397	4	on	on	ADP
cblr-1726	397	5	the	the	DET
cblr-1726	397	6	empirical	empirical	ADJ
cblr-1726	397	7	evidence	evidence	NOUN
cblr-1726	397	8	of	of	ADP
cblr-1726	397	9	victoria	victoria	PROPN
cblr-1726	397	10	ivashina	ivashina	PROPN
cblr-1726	397	11	and	and	CCONJ
cblr-1726	397	12	david	david	PROPN
cblr-1726	397	13	scharfstein	scharfstein	PROPN
cblr-1726	397	14	relating	relate	VERB
cblr-1726	397	15	to	to	ADP
cblr-1726	397	16	the	the	DET
cblr-1726	397	17	financial	financial	ADJ
cblr-1726	397	18	crisis	crisis	NOUN
cblr-1726	397	19	of	of	ADP
cblr-1726	397	20	2007	2007	NUM
cblr-1726	397	21	–	–	PUNCT
cblr-1726	397	22	09	09	NUM
cblr-1726	397	23	.	.	PUNCT
cblr-1726	398	1	see	see	VERB
cblr-1726	398	2	victoria	victoria	PROPN
cblr-1726	398	3	ivashina	ivashina	PROPN
cblr-1726	398	4	&	&	CCONJ
cblr-1726	398	5	david	david	PROPN
cblr-1726	398	6	scharfstein	scharfstein	PROPN
cblr-1726	398	7	,	,	PUNCT
cblr-1726	398	8	bank	bank	NOUN
cblr-1726	398	9	lending	lending	NOUN
cblr-1726	398	10	during	during	ADP
cblr-1726	398	11	the	the	DET
cblr-1726	398	12	financial	financial	ADJ
cblr-1726	398	13	crisis	crisis	NOUN
cblr-1726	398	14	of	of	ADP
cblr-1726	398	15	2008	2008	NUM
cblr-1726	398	16	,	,	PUNCT
cblr-1726	398	17	97	97	NUM
cblr-1726	398	18	j.	j.	PROPN
cblr-1726	398	19	fin	fin	PROPN
cblr-1726	398	20	.	.	PUNCT
cblr-1726	398	21	econ	econ	PROPN
cblr-1726	398	22	.	.	PUNCT
cblr-1726	399	1	319	319	NUM
cblr-1726	399	2	(	(	PUNCT
cblr-1726	399	3	2010	2010	NUM
cblr-1726	399	4	)	)	PUNCT
cblr-1726	399	5	.	.	PUNCT
cblr-1726	400	1	awrey	awrey	PROPN
cblr-1726	400	2	–	–	PUNCT
cblr-1726	400	3	final	final	ADJ
cblr-1726	400	4	962	962	NUM
cblr-1726	400	5	columbia	columbia	PROPN
cblr-1726	400	6	business	business	NOUN
cblr-1726	400	7	law	law	PROPN
cblr-1726	400	8	review	review	NOUN
cblr-1726	401	1	[	[	X
cblr-1726	401	2	vol	vol	NOUN
cblr-1726	401	3	.	.	NOUN
cblr-1726	401	4	2017	2017	NUM
cblr-1726	401	5	assets	asset	NOUN
cblr-1726	401	6	in	in	ADP
cblr-1726	401	7	order	order	NOUN
cblr-1726	401	8	to	to	PART
cblr-1726	401	9	cover	cover	VERB
cblr-1726	401	10	their	their	PRON
cblr-1726	401	11	short	short	ADJ
cblr-1726	401	12	-	-	PUNCT
cblr-1726	401	13	term	term	NOUN
cblr-1726	401	14	liabilities.82	liabilities.82	NOUN
cblr-1726	401	15	the	the	DET
cblr-1726	401	16	resulting	result	VERB
cblr-1726	401	17	fire	fire	NOUN
cblr-1726	401	18	sales	sale	NOUN
cblr-1726	401	19	lead	lead	VERB
cblr-1726	401	20	to	to	ADP
cblr-1726	401	21	a	a	DET
cblr-1726	401	22	fall	fall	NOUN
cblr-1726	401	23	in	in	ADP
cblr-1726	401	24	asset	asset	NOUN
cblr-1726	401	25	prices	price	NOUN
cblr-1726	401	26	and	and	CCONJ
cblr-1726	401	27	a	a	DET
cblr-1726	401	28	corresponding	corresponding	ADJ
cblr-1726	401	29	increase	increase	NOUN
cblr-1726	401	30	in	in	ADP
cblr-1726	401	31	the	the	DET
cblr-1726	401	32	yields	yield	NOUN
cblr-1726	401	33	on	on	ADP
cblr-1726	401	34	these	these	DET
cblr-1726	401	35	assets	asset	NOUN
cblr-1726	401	36	.	.	PUNCT
cblr-1726	402	1	the	the	DET
cblr-1726	402	2	increase	increase	NOUN
cblr-1726	402	3	in	in	ADP
cblr-1726	402	4	yields	yield	NOUN
cblr-1726	402	5	then	then	ADV
cblr-1726	402	6	changes	change	VERB
cblr-1726	402	7	the	the	DET
cblr-1726	402	8	opportunity	opportunity	NOUN
cblr-1726	402	9	cost	cost	NOUN
cblr-1726	402	10	calculus	calculus	NOUN
cblr-1726	402	11	for	for	ADP
cblr-1726	402	12	financial	financial	ADJ
cblr-1726	402	13	institutions	institution	NOUN
cblr-1726	402	14	looking	look	VERB
cblr-1726	402	15	to	to	PART
cblr-1726	402	16	make	make	VERB
cblr-1726	402	17	new	new	ADJ
cblr-1726	402	18	investments	investment	NOUN
cblr-1726	402	19	—	—	PUNCT
cblr-1726	402	20	precipitating	precipitate	VERB
cblr-1726	402	21	an	an	DET
cblr-1726	402	22	increase	increase	NOUN
cblr-1726	402	23	in	in	ADP
cblr-1726	402	24	borrowing	borrowing	NOUN
cblr-1726	402	25	costs	cost	NOUN
cblr-1726	402	26	for	for	ADP
cblr-1726	402	27	households	household	NOUN
cblr-1726	402	28	,	,	PUNCT
cblr-1726	402	29	businesses	business	NOUN
cblr-1726	402	30	,	,	PUNCT
cblr-1726	402	31	and	and	CCONJ
cblr-1726	402	32	governments	government	NOUN
cblr-1726	402	33	,	,	PUNCT
cblr-1726	402	34	and	and	CCONJ
cblr-1726	402	35	a	a	DET
cblr-1726	402	36	corresponding	corresponding	ADJ
cblr-1726	402	37	decrease	decrease	NOUN
cblr-1726	402	38	in	in	ADP
cblr-1726	402	39	levels	level	NOUN
cblr-1726	402	40	of	of	ADP
cblr-1726	402	41	investment	investment	NOUN
cblr-1726	402	42	and	and	CCONJ
cblr-1726	402	43	economic	economic	ADJ
cblr-1726	402	44	activity.83	activity.83	PROPN
cblr-1726	402	45	viewed	view	VERB
cblr-1726	402	46	from	from	ADP
cblr-1726	402	47	this	this	DET
cblr-1726	402	48	perspective	perspective	NOUN
cblr-1726	402	49	,	,	PUNCT
cblr-1726	402	50	panics	panic	VERB
cblr-1726	402	51	drive	drive	VERB
cblr-1726	402	52	contractions	contraction	NOUN
cblr-1726	402	53	in	in	ADP
cblr-1726	402	54	the	the	DET
cblr-1726	402	55	money	money	NOUN
cblr-1726	402	56	supply	supply	NOUN
cblr-1726	402	57	,	,	PUNCT
cblr-1726	402	58	which	which	PRON
cblr-1726	402	59	in	in	ADP
cblr-1726	402	60	turn	turn	NOUN
cblr-1726	402	61	threaten	threaten	VERB
cblr-1726	402	62	to	to	PART
cblr-1726	402	63	drive	drive	VERB
cblr-1726	402	64	contractions	contraction	NOUN
cblr-1726	402	65	in	in	ADP
cblr-1726	402	66	economic	economic	ADJ
cblr-1726	402	67	growth	growth	NOUN
cblr-1726	402	68	.	.	PUNCT
cblr-1726	403	1	it	it	PRON
cblr-1726	403	2	is	be	AUX
cblr-1726	403	3	against	against	ADP
cblr-1726	403	4	the	the	DET
cblr-1726	403	5	backdrop	backdrop	NOUN
cblr-1726	403	6	of	of	ADP
cblr-1726	403	7	this	this	DET
cblr-1726	403	8	threat	threat	NOUN
cblr-1726	403	9	that	that	SCONJ
cblr-1726	403	10	the	the	DET
cblr-1726	403	11	functions	function	NOUN
cblr-1726	403	12	of	of	ADP
cblr-1726	403	13	state	state	NOUN
cblr-1726	403	14	support	support	NOUN
cblr-1726	403	15	for	for	ADP
cblr-1726	403	16	the	the	DET
cblr-1726	403	17	conventional	conventional	ADJ
cblr-1726	403	18	banking	banking	NOUN
cblr-1726	403	19	system	system	NOUN
cblr-1726	403	20	can	can	AUX
cblr-1726	403	21	be	be	AUX
cblr-1726	403	22	most	most	ADV
cblr-1726	403	23	clearly	clearly	ADV
cblr-1726	403	24	understood.84	understood.84	ADJ
cblr-1726	403	25	the	the	DET
cblr-1726	403	26	first	first	ADJ
cblr-1726	403	27	—	—	PUNCT
cblr-1726	403	28	microprudential	microprudential	ADJ
cblr-1726	403	29	—	—	PUNCT
cblr-1726	403	30	function	function	NOUN
cblr-1726	403	31	is	be	AUX
cblr-1726	403	32	to	to	PART
cblr-1726	403	33	reduce	reduce	VERB
cblr-1726	403	34	the	the	DET
cblr-1726	403	35	risk	risk	NOUN
cblr-1726	403	36	of	of	ADP
cblr-1726	403	37	idiosyncratic	idiosyncratic	ADJ
cblr-1726	403	38	bank	bank	NOUN
cblr-1726	403	39	runs.85	runs.85	VERB
cblr-1726	403	40	the	the	DET
cblr-1726	403	41	second	second	ADJ
cblr-1726	403	42	—	—	PUNCT
cblr-1726	403	43	macroprudential	macroprudential	ADJ
cblr-1726	403	44	—	—	PUNCT
cblr-1726	403	45	function	function	NOUN
cblr-1726	403	46	is	be	AUX
cblr-1726	403	47	to	to	PART
cblr-1726	403	48	prevent	prevent	VERB
cblr-1726	403	49	bank	bank	NOUN
cblr-1726	403	50	runs	run	NOUN
cblr-1726	403	51	and	and	CCONJ
cblr-1726	403	52	other	other	ADJ
cblr-1726	403	53	shocks	shock	NOUN
cblr-1726	403	54	from	from	ADP
cblr-1726	403	55	escalating	escalate	VERB
cblr-1726	403	56	into	into	ADP
cblr-1726	403	57	more	more	ADV
cblr-1726	403	58	widespread	widespread	ADJ
cblr-1726	403	59	panics	panic	NOUN
cblr-1726	403	60	and	and	CCONJ
cblr-1726	403	61	,	,	PUNCT
cblr-1726	403	62	ultimately	ultimately	ADV
cblr-1726	403	63	,	,	PUNCT
cblr-1726	403	64	contractions	contraction	NOUN
cblr-1726	403	65	in	in	ADP
cblr-1726	403	66	the	the	DET
cblr-1726	403	67	money	money	NOUN
cblr-1726	403	68	supply	supply	NOUN
cblr-1726	403	69	and	and	CCONJ
cblr-1726	403	70	economic	economic	ADJ
cblr-1726	403	71	growth.86	growth.86	NOUN
cblr-1726	403	72	while	while	SCONJ
cblr-1726	403	73	early	early	ADJ
cblr-1726	403	74	writers	writer	NOUN
cblr-1726	403	75	such	such	ADJ
cblr-1726	403	76	as	as	ADP
cblr-1726	403	77	bagehot	bagehot	NOUN
cblr-1726	403	78	and	and	CCONJ
cblr-1726	403	79	henry	henry	PROPN
cblr-1726	403	80	thornton	thornton	PROPN
cblr-1726	403	81	arguably	arguably	ADV
cblr-1726	403	82	viewed	view	VERB
cblr-1726	403	83	ela	ela	PROPN
cblr-1726	403	84	as	as	ADP
cblr-1726	403	85	performing	perform	VERB
cblr-1726	403	86	solely	solely	ADV
cblr-1726	403	87	a	a	DET
cblr-1726	403	88	macroprudential	macroprudential	ADJ
cblr-1726	403	89	function	function	NOUN
cblr-1726	403	90	,	,	PUNCT
cblr-1726	403	91	more	more	ADV
cblr-1726	403	92	recent	recent	ADJ
cblr-1726	403	93	observers	observer	NOUN
cblr-1726	403	94	have	have	AUX
cblr-1726	403	95	emphasized	emphasize	VERB
cblr-1726	403	96	the	the	DET
cblr-1726	403	97	largely	largely	ADV
cblr-1726	403	98	complementary	complementary	ADJ
cblr-1726	403	99	relationship	relationship	NOUN
cblr-1726	403	100	between	between	ADP
cblr-1726	403	101	these	these	DET
cblr-1726	403	102	two	two	NUM
cblr-1726	403	103	functions	function	NOUN
cblr-1726	403	104	insofar	insofar	ADV
cblr-1726	403	105	as	as	ADP
cblr-1726	403	106	the	the	DET
cblr-1726	403	107	failure	failure	NOUN
cblr-1726	403	108	to	to	PART
cblr-1726	403	109	support	support	VERB
cblr-1726	403	110	individual	individual	ADJ
cblr-1726	403	111	institutions	institution	NOUN
cblr-1726	403	112	can	can	AUX
cblr-1726	403	113	,	,	PUNCT
cblr-1726	403	114	in	in	ADP
cblr-1726	403	115	some	some	DET
cblr-1726	403	116	cases	case	NOUN
cblr-1726	403	117	,	,	PUNCT
cblr-1726	403	118	precipitate	precipitate	VERB
cblr-1726	403	119	more	more	ADV
cblr-1726	403	120	widespread	widespread	ADJ
cblr-1726	403	121	panic	panic	NOUN
cblr-1726	403	122	and	and	CCONJ
cblr-1726	403	123	financial	financial	ADJ
cblr-1726	403	124	instability.87	instability.87	ADJ
cblr-1726	403	125	82	82	NUM
cblr-1726	403	126	ricks	rick	NOUN
cblr-1726	403	127	,	,	PUNCT
cblr-1726	403	128	supra	supra	PROPN
cblr-1726	403	129	note	note	NOUN
cblr-1726	403	130	79	79	NUM
cblr-1726	403	131	,	,	PUNCT
cblr-1726	403	132	at	at	ADP
cblr-1726	403	133	110	110	NUM
cblr-1726	403	134	.	.	PUNCT
cblr-1726	404	1	83	83	NUM
cblr-1726	404	2	see	see	VERB
cblr-1726	404	3	i	i	PRON
cblr-1726	404	4	d.	d.	PROPN
cblr-1726	404	5	at	at	ADP
cblr-1726	404	6	110–11	110–11	PROPN
cblr-1726	404	7	.	.	PROPN
cblr-1726	404	8	84	84	NUM
cblr-1726	404	9	although	although	SCONJ
cblr-1726	404	10	,	,	PUNCT
cblr-1726	404	11	as	as	SCONJ
cblr-1726	404	12	thomas	thomas	PROPN
cblr-1726	404	13	m.	m.	PROPN
cblr-1726	404	14	humphrey	humphrey	PROPN
cblr-1726	404	15	and	and	CCONJ
cblr-1726	404	16	robert	robert	PROPN
cblr-1726	404	17	e.	e.	PROPN
cblr-1726	404	18	keleher	keleher	PROPN
cblr-1726	404	19	have	have	AUX
cblr-1726	404	20	observed	observe	VERB
cblr-1726	404	21	,	,	PUNCT
cblr-1726	404	22	these	these	DET
cblr-1726	404	23	functions	function	NOUN
cblr-1726	404	24	are	be	AUX
cblr-1726	404	25	rarely	rarely	ADV
cblr-1726	404	26	spelled	spell	VERB
cblr-1726	404	27	out	out	ADP
cblr-1726	404	28	,	,	PUNCT
cblr-1726	404	29	leading	lead	VERB
cblr-1726	404	30	to	to	ADP
cblr-1726	404	31	significantly	significantly	ADV
cblr-1726	404	32	divergent	divergent	ADJ
cblr-1726	404	33	understandings	understanding	NOUN
cblr-1726	404	34	in	in	ADP
cblr-1726	404	35	practice	practice	NOUN
cblr-1726	404	36	.	.	PUNCT
cblr-1726	405	1	thomas	thomas	PROPN
cblr-1726	405	2	m.	m.	PROPN
cblr-1726	405	3	humphrey	humphrey	PROPN
cblr-1726	405	4	&	&	CCONJ
cblr-1726	405	5	robert	robert	PROPN
cblr-1726	405	6	e.	e.	PROPN
cblr-1726	405	7	keleher	keleher	PROPN
cblr-1726	405	8	,	,	PUNCT
cblr-1726	405	9	the	the	DET
cblr-1726	405	10	lender	lender	NOUN
cblr-1726	405	11	of	of	ADP
cblr-1726	405	12	last	last	ADJ
cblr-1726	405	13	resort	resort	NOUN
cblr-1726	405	14	:	:	PUNCT
cblr-1726	405	15	a	a	DET
cblr-1726	405	16	historical	historical	ADJ
cblr-1726	405	17	perspective	perspective	NOUN
cblr-1726	405	18	,	,	PUNCT
cblr-1726	405	19	in	in	ADP
cblr-1726	405	20	financial	financial	ADJ
cblr-1726	405	21	crises	crisis	NOUN
cblr-1726	405	22	,	,	PUNCT
cblr-1726	405	23	contagion	contagion	NOUN
cblr-1726	405	24	,	,	PUNCT
cblr-1726	405	25	and	and	CCONJ
cblr-1726	405	26	the	the	DET
cblr-1726	405	27	lender	lender	NOUN
cblr-1726	405	28	of	of	ADP
cblr-1726	405	29	last	last	ADJ
cblr-1726	405	30	resort	resort	NOUN
cblr-1726	405	31	73	73	NUM
cblr-1726	405	32	(	(	PUNCT
cblr-1726	405	33	2002	2002	NUM
cblr-1726	405	34	)	)	PUNCT
cblr-1726	405	35	.	.	PUNCT
cblr-1726	405	36	85	85	NUM
cblr-1726	405	37	see	see	VERB
cblr-1726	405	38	freixas	freixas	PROPN
cblr-1726	405	39	et	et	PROPN
cblr-1726	405	40	al	al	PROPN
cblr-1726	405	41	.	.	PROPN
cblr-1726	405	42	,	,	PUNCT
cblr-1726	405	43	supra	supra	PROPN
cblr-1726	405	44	note	note	VERB
cblr-1726	405	45	55	55	NUM
cblr-1726	405	46	.	.	PUNCT
cblr-1726	406	1	86	86	NUM
cblr-1726	406	2	see	see	VERB
cblr-1726	406	3	freixas	freixas	PROPN
cblr-1726	406	4	et	et	PROPN
cblr-1726	406	5	al	al	PROPN
cblr-1726	406	6	.	.	PROPN
cblr-1726	406	7	,	,	PUNCT
cblr-1726	406	8	supra	supra	PROPN
cblr-1726	406	9	note	note	PROPN
cblr-1726	406	10	55	55	NUM
cblr-1726	406	11	,	,	PUNCT
cblr-1726	406	12	at	at	ADP
cblr-1726	406	13	153	153	NUM
cblr-1726	406	14	;	;	PUNCT
cblr-1726	406	15	humphrey	humphrey	PROPN
cblr-1726	406	16	,	,	PUNCT
cblr-1726	406	17	supra	supra	PROPN
cblr-1726	406	18	note	note	PROPN
cblr-1726	406	19	21	21	NUM
cblr-1726	406	20	,	,	PUNCT
cblr-1726	406	21	at	at	ADP
cblr-1726	406	22	8	8	NUM
cblr-1726	406	23	-	-	SYM
cblr-1726	406	24	9	9	NUM
cblr-1726	406	25	;	;	PUNCT
cblr-1726	406	26	humphrey	humphrey	PROPN
cblr-1726	406	27	&	&	CCONJ
cblr-1726	406	28	keleher	keleher	PROPN
cblr-1726	406	29	,	,	PUNCT
cblr-1726	406	30	supra	supra	PROPN
cblr-1726	406	31	note	note	NOUN
cblr-1726	406	32	84	84	NUM
cblr-1726	406	33	,	,	PUNCT
cblr-1726	406	34	at	at	ADP
cblr-1726	406	35	74–75	74–75	NUM
cblr-1726	406	36	;	;	PUNCT
cblr-1726	407	1	kaufman	kaufman	PROPN
cblr-1726	407	2	,	,	PUNCT
cblr-1726	407	3	supra	supra	PROPN
cblr-1726	407	4	note	note	PROPN
cblr-1726	407	5	78	78	NUM
cblr-1726	407	6	,	,	PUNCT
cblr-1726	407	7	at	at	ADP
cblr-1726	407	8	173–74	173–74	NUM
cblr-1726	407	9	.	.	PUNCT
cblr-1726	408	1	87	87	NUM
cblr-1726	408	2	in	in	ADP
cblr-1726	408	3	effect	effect	NOUN
cblr-1726	408	4	,	,	PUNCT
cblr-1726	408	5	this	this	DET
cblr-1726	408	6	second	second	ADJ
cblr-1726	408	7	perspective	perspective	NOUN
cblr-1726	408	8	reflects	reflect	VERB
cblr-1726	408	9	the	the	DET
cblr-1726	408	10	idea	idea	NOUN
cblr-1726	408	11	that	that	SCONJ
cblr-1726	408	12	some	some	DET
cblr-1726	408	13	financial	financial	ADJ
cblr-1726	408	14	institutions	institution	NOUN
cblr-1726	408	15	are	be	AUX
cblr-1726	408	16	“	"	PUNCT
cblr-1726	408	17	too	too	ADV
cblr-1726	408	18	big	big	ADJ
cblr-1726	408	19	to	to	PART
cblr-1726	408	20	fail	fail	VERB
cblr-1726	408	21	”	"	PUNCT
cblr-1726	408	22	in	in	ADP
cblr-1726	408	23	the	the	DET
cblr-1726	408	24	sense	sense	NOUN
cblr-1726	408	25	that	that	SCONJ
cblr-1726	408	26	their	their	PRON
cblr-1726	408	27	failure	failure	NOUN
cblr-1726	408	28	is	be	AUX
cblr-1726	408	29	expected	expect	VERB
cblr-1726	408	30	to	to	PART
cblr-1726	408	31	trigger	trigger	VERB
cblr-1726	408	32	more	more	ADV
cblr-1726	408	33	widespread	widespread	ADJ
cblr-1726	408	34	panic	panic	NOUN
cblr-1726	408	35	and	and	CCONJ
cblr-1726	408	36	market	market	NOUN
cblr-1726	408	37	disruption	disruption	NOUN
cblr-1726	408	38	.	.	PUNCT
cblr-1726	409	1	see	see	VERB
cblr-1726	409	2	freixas	freixas	PROPN
cblr-1726	409	3	et	et	PROPN
cblr-1726	409	4	al	al	PROPN
cblr-1726	409	5	.	.	PROPN
cblr-1726	409	6	,	,	PUNCT
cblr-1726	409	7	supra	supra	PROPN
cblr-1726	409	8	note	note	PROPN
cblr-1726	409	9	55	55	NUM
cblr-1726	409	10	,	,	PUNCT
cblr-1726	409	11	at	at	ADP
cblr-1726	409	12	152	152	NUM
cblr-1726	409	13	;	;	PUNCT
cblr-1726	409	14	kaufman	kaufman	PROPN
cblr-1726	409	15	,	,	PUNCT
cblr-1726	409	16	supra	supra	PROPN
cblr-1726	409	17	note	note	PROPN
cblr-1726	409	18	78	78	NUM
cblr-1726	409	19	,	,	PUNCT
cblr-1726	409	20	at	at	ADP
cblr-1726	409	21	169	169	NUM
cblr-1726	409	22	.	.	PUNCT
cblr-1726	410	1	see	see	VERB
cblr-1726	410	2	generally	generally	ADV
cblr-1726	410	3	marvin	marvin	PROPN
cblr-1726	410	4	goodfriend	goodfriend	PROPN
cblr-1726	410	5	&	&	CCONJ
cblr-1726	410	6	robert	robert	PROPN
cblr-1726	410	7	g.	g.	PROPN
cblr-1726	410	8	king	king	PROPN
cblr-1726	410	9	,	,	PUNCT
cblr-1726	410	10	financial	financial	ADJ
cblr-1726	410	11	deregulation	deregulation	NOUN
cblr-1726	410	12	,	,	PUNCT
cblr-1726	410	13	monetary	monetary	ADJ
cblr-1726	410	14	policy	policy	NOUN
cblr-1726	410	15	,	,	PUNCT
cblr-1726	410	16	and	and	CCONJ
cblr-1726	410	17	awrey	awrey	PROPN
cblr-1726	410	18	–	–	PUNCT
cblr-1726	410	19	final	final	ADJ
cblr-1726	410	20	no	no	NOUN
cblr-1726	410	21	.	.	PUNCT
cblr-1726	411	1	3:934	3:934	X
cblr-1726	411	2	]	]	X
cblr-1726	411	3	foreign	foreign	ADJ
cblr-1726	411	4	currency	currency	NOUN
cblr-1726	411	5	liquidity	liquidity	NOUN
cblr-1726	411	6	assistance	assistance	NOUN
cblr-1726	411	7	963	963	NUM
cblr-1726	411	8	there	there	PRON
cblr-1726	411	9	are	be	VERB
cblr-1726	411	10	two	two	NUM
cblr-1726	411	11	basic	basic	ADJ
cblr-1726	411	12	ways	way	NOUN
cblr-1726	411	13	that	that	PRON
cblr-1726	411	14	the	the	DET
cblr-1726	411	15	state	state	NOUN
cblr-1726	411	16	can	can	AUX
cblr-1726	411	17	perform	perform	VERB
cblr-1726	411	18	these	these	DET
cblr-1726	411	19	functions	function	NOUN
cblr-1726	411	20	.	.	PUNCT
cblr-1726	412	1	the	the	DET
cblr-1726	412	2	first	first	ADJ
cblr-1726	412	3	is	be	AUX
cblr-1726	412	4	deposit	deposit	NOUN
cblr-1726	412	5	insurance	insurance	NOUN
cblr-1726	412	6	.	.	PUNCT
cblr-1726	413	1	while	while	SCONJ
cblr-1726	413	2	deposit	deposit	NOUN
cblr-1726	413	3	insurance	insurance	NOUN
cblr-1726	413	4	schemes	scheme	NOUN
cblr-1726	413	5	vary	vary	VERB
cblr-1726	413	6	across	across	ADP
cblr-1726	413	7	jurisdictions	jurisdiction	NOUN
cblr-1726	413	8	,	,	PUNCT
cblr-1726	413	9	the	the	DET
cblr-1726	413	10	basic	basic	ADJ
cblr-1726	413	11	strategy	strategy	NOUN
cblr-1726	413	12	is	be	AUX
cblr-1726	413	13	to	to	PART
cblr-1726	413	14	have	have	VERB
cblr-1726	413	15	a	a	DET
cblr-1726	413	16	third	third	ADJ
cblr-1726	413	17	-	-	PUNCT
cblr-1726	413	18	party	party	NOUN
cblr-1726	413	19	guarantee	guarantee	NOUN
cblr-1726	413	20	depositors	depositor	NOUN
cblr-1726	413	21	’	’	PART
cblr-1726	413	22	funds	fund	NOUN
cblr-1726	413	23	in	in	ADP
cblr-1726	413	24	the	the	DET
cblr-1726	413	25	event	event	NOUN
cblr-1726	413	26	of	of	ADP
cblr-1726	413	27	bank	bank	NOUN
cblr-1726	413	28	failure	failure	NOUN
cblr-1726	413	29	.	.	PUNCT
cblr-1726	414	1	this	this	DET
cblr-1726	414	2	third	third	ADJ
cblr-1726	414	3	party	party	NOUN
cblr-1726	414	4	effectively	effectively	ADV
cblr-1726	414	5	steps	step	VERB
cblr-1726	414	6	into	into	ADP
cblr-1726	414	7	the	the	DET
cblr-1726	414	8	shoes	shoe	NOUN
cblr-1726	414	9	of	of	ADP
cblr-1726	414	10	the	the	DET
cblr-1726	414	11	bank	bank	NOUN
cblr-1726	414	12	:	:	PUNCT
cblr-1726	414	13	honoring	honor	VERB
cblr-1726	414	14	the	the	DET
cblr-1726	414	15	bank	bank	NOUN
cblr-1726	414	16	’s	’s	PART
cblr-1726	414	17	commitments	commitment	NOUN
cblr-1726	414	18	to	to	ADP
cblr-1726	414	19	depositors	depositor	NOUN
cblr-1726	414	20	during	during	ADP
cblr-1726	414	21	periods	period	NOUN
cblr-1726	414	22	of	of	ADP
cblr-1726	414	23	institutional	institutional	ADJ
cblr-1726	414	24	distress.88	distress.88	PROPN
cblr-1726	414	25	in	in	ADP
cblr-1726	414	26	order	order	NOUN
cblr-1726	414	27	to	to	PART
cblr-1726	414	28	make	make	VERB
cblr-1726	414	29	this	this	DET
cblr-1726	414	30	commitment	commitment	NOUN
cblr-1726	414	31	credible	credible	ADJ
cblr-1726	414	32	,	,	PUNCT
cblr-1726	414	33	the	the	DET
cblr-1726	414	34	government	government	NOUN
cblr-1726	414	35	typically	typically	ADV
cblr-1726	414	36	provides	provide	VERB
cblr-1726	414	37	this	this	DET
cblr-1726	414	38	third	third	ADJ
cblr-1726	414	39	-	-	PUNCT
cblr-1726	414	40	party	party	NOUN
cblr-1726	414	41	guarantee	guarantee	NOUN
cblr-1726	414	42	through	through	ADP
cblr-1726	414	43	institutions	institution	NOUN
cblr-1726	414	44	such	such	ADJ
cblr-1726	414	45	as	as	ADP
cblr-1726	414	46	the	the	DET
cblr-1726	414	47	fdic	fdic	PROPN
cblr-1726	414	48	.	.	PUNCT
cblr-1726	415	1	the	the	DET
cblr-1726	415	2	introduction	introduction	NOUN
cblr-1726	415	3	of	of	ADP
cblr-1726	415	4	deposit	deposit	NOUN
cblr-1726	415	5	insurance	insurance	NOUN
cblr-1726	415	6	beginning	begin	VERB
cblr-1726	415	7	in	in	ADP
cblr-1726	415	8	the	the	DET
cblr-1726	415	9	united	united	PROPN
cblr-1726	415	10	states	states	PROPN
cblr-1726	415	11	in	in	ADP
cblr-1726	415	12	the	the	DET
cblr-1726	415	13	1930	1930	NUM
cblr-1726	415	14	’s	’s	PART
cblr-1726	415	15	is	be	AUX
cblr-1726	415	16	often	often	ADV
cblr-1726	415	17	credited	credit	VERB
cblr-1726	415	18	with	with	ADP
cblr-1726	415	19	having	having	AUX
cblr-1726	415	20	significantly	significantly	ADV
cblr-1726	415	21	enhanced	enhance	VERB
cblr-1726	415	22	the	the	DET
cblr-1726	415	23	level	level	NOUN
cblr-1726	415	24	of	of	ADP
cblr-1726	415	25	consumer	consumer	NOUN
cblr-1726	415	26	protection	protection	NOUN
cblr-1726	415	27	enjoyed	enjoy	VERB
cblr-1726	415	28	by	by	ADP
cblr-1726	415	29	bank	bank	NOUN
cblr-1726	415	30	depositors.89	depositors.89	PROPN
cblr-1726	415	31	however	however	ADV
cblr-1726	415	32	,	,	PUNCT
cblr-1726	415	33	insofar	insofar	ADV
cblr-1726	415	34	as	as	SCONJ
cblr-1726	415	35	these	these	DET
cblr-1726	415	36	schemes	scheme	NOUN
cblr-1726	415	37	generally	generally	ADV
cblr-1726	415	38	only	only	ADV
cblr-1726	415	39	protect	protect	VERB
cblr-1726	415	40	a	a	DET
cblr-1726	415	41	subset	subset	NOUN
cblr-1726	415	42	of	of	ADP
cblr-1726	415	43	a	a	DET
cblr-1726	415	44	bank	bank	NOUN
cblr-1726	415	45	’s	’s	PART
cblr-1726	415	46	short	short	ADJ
cblr-1726	415	47	-	-	PUNCT
cblr-1726	415	48	term	term	NOUN
cblr-1726	415	49	creditors	creditor	NOUN
cblr-1726	415	50	—	—	PUNCT
cblr-1726	415	51	typically	typically	ADV
cblr-1726	415	52	retail	retail	ADJ
cblr-1726	415	53	depositors	depositor	NOUN
cblr-1726	415	54	with	with	ADP
cblr-1726	415	55	accounts	account	NOUN
cblr-1726	415	56	below	below	ADP
cblr-1726	415	57	a	a	DET
cblr-1726	415	58	specified	specify	VERB
cblr-1726	415	59	threshold	threshold	NOUN
cblr-1726	415	60	—	—	PUNCT
cblr-1726	415	61	it	it	PRON
cblr-1726	415	62	is	be	AUX
cblr-1726	415	63	at	at	ADP
cblr-1726	415	64	best	good	ADJ
cblr-1726	415	65	an	an	DET
cblr-1726	415	66	incomplete	incomplete	ADJ
cblr-1726	415	67	strategy	strategy	NOUN
cblr-1726	415	68	for	for	ADP
cblr-1726	415	69	counterbalancing	counterbalance	VERB
cblr-1726	415	70	the	the	DET
cblr-1726	415	71	inherent	inherent	ADJ
cblr-1726	415	72	fragility	fragility	NOUN
cblr-1726	415	73	of	of	ADP
cblr-1726	415	74	bank	bank	NOUN
cblr-1726	415	75	balance	balance	NOUN
cblr-1726	415	76	sheets	sheet	NOUN
cblr-1726	415	77	.	.	PUNCT
cblr-1726	416	1	the	the	DET
cblr-1726	416	2	second	second	ADJ
cblr-1726	416	3	,	,	PUNCT
cblr-1726	416	4	far	far	ADV
cblr-1726	416	5	older	old	ADJ
cblr-1726	416	6	,	,	PUNCT
cblr-1726	416	7	and	and	CCONJ
cblr-1726	416	8	far	far	ADV
cblr-1726	416	9	broader	broad	ADJ
cblr-1726	416	10	strategy	strategy	NOUN
cblr-1726	416	11	is	be	AUX
cblr-1726	416	12	ela	ela	PROPN
cblr-1726	416	13	.	.	PROPN
cblr-1726	416	14	distilled	distil	VERB
cblr-1726	416	15	to	to	ADP
cblr-1726	416	16	its	its	PRON
cblr-1726	416	17	essence	essence	NOUN
cblr-1726	416	18	,	,	PUNCT
cblr-1726	416	19	ela	ela	PROPN
cblr-1726	416	20	is	be	AUX
cblr-1726	416	21	“	"	PUNCT
cblr-1726	416	22	the	the	DET
cblr-1726	416	23	discretionary	discretionary	ADJ
cblr-1726	416	24	provision	provision	NOUN
cblr-1726	416	25	of	of	ADP
cblr-1726	416	26	liquidity	liquidity	NOUN
cblr-1726	416	27	to	to	ADP
cblr-1726	416	28	a	a	DET
cblr-1726	416	29	financial	financial	ADJ
cblr-1726	416	30	institution	institution	NOUN
cblr-1726	416	31	(	(	PUNCT
cblr-1726	416	32	or	or	CCONJ
cblr-1726	416	33	the	the	DET
cblr-1726	416	34	market	market	NOUN
cblr-1726	416	35	as	as	ADP
cblr-1726	416	36	a	a	DET
cblr-1726	416	37	whole	whole	NOUN
cblr-1726	416	38	)	)	PUNCT
cblr-1726	416	39	by	by	ADP
cblr-1726	416	40	the	the	DET
cblr-1726	416	41	central	central	ADJ
cblr-1726	416	42	bank	bank	NOUN
cblr-1726	416	43	in	in	ADP
cblr-1726	416	44	reaction	reaction	NOUN
cblr-1726	416	45	to	to	ADP
cblr-1726	416	46	an	an	DET
cblr-1726	416	47	adverse	adverse	ADJ
cblr-1726	416	48	shock	shock	NOUN
cblr-1726	416	49	which	which	PRON
cblr-1726	416	50	causes	cause	VERB
cblr-1726	416	51	an	an	DET
cblr-1726	416	52	abnormal	abnormal	ADJ
cblr-1726	416	53	increase	increase	NOUN
cblr-1726	416	54	in	in	ADP
cblr-1726	416	55	demand	demand	NOUN
cblr-1726	416	56	for	for	ADP
cblr-1726	416	57	liquidity	liquidity	NOUN
cblr-1726	416	58	which	which	PRON
cblr-1726	416	59	can	can	AUX
cblr-1726	416	60	not	not	PART
cblr-1726	416	61	be	be	AUX
cblr-1726	416	62	met	meet	VERB
cblr-1726	416	63	by	by	ADP
cblr-1726	416	64	an	an	DET
cblr-1726	416	65	alternative	alternative	ADJ
cblr-1726	416	66	source	source	NOUN
cblr-1726	416	67	.	.	PUNCT
cblr-1726	417	1	”90	”90	PUNCT
cblr-1726	418	1	in	in	ADP
cblr-1726	418	2	effect	effect	NOUN
cblr-1726	418	3	,	,	PUNCT
cblr-1726	418	4	ela	ela	PROPN
cblr-1726	418	5	is	be	AUX
cblr-1726	418	6	designed	design	VERB
cblr-1726	418	7	to	to	PART
cblr-1726	418	8	pump	pump	VERB
cblr-1726	418	9	money	money	NOUN
cblr-1726	418	10	into	into	ADP
cblr-1726	418	11	the	the	DET
cblr-1726	418	12	financial	financial	ADJ
cblr-1726	418	13	system	system	NOUN
cblr-1726	418	14	,	,	PUNCT
cblr-1726	418	15	thereby	thereby	ADV
cblr-1726	418	16	offsetting	offset	VERB
cblr-1726	418	17	any	any	DET
cblr-1726	418	18	contraction	contraction	NOUN
cblr-1726	418	19	in	in	ADP
cblr-1726	418	20	the	the	DET
cblr-1726	418	21	private	private	ADJ
cblr-1726	418	22	money	money	NOUN
cblr-1726	418	23	supply	supply	NOUN
cblr-1726	418	24	and	and	CCONJ
cblr-1726	418	25	signaling	signal	VERB
cblr-1726	418	26	to	to	ADP
cblr-1726	418	27	depositors	depositor	NOUN
cblr-1726	418	28	and	and	CCONJ
cblr-1726	418	29	other	other	ADJ
cblr-1726	418	30	short	short	ADJ
cblr-1726	418	31	-	-	PUNCT
cblr-1726	418	32	term	term	NOUN
cblr-1726	418	33	creditors	creditor	NOUN
cblr-1726	418	34	that	that	SCONJ
cblr-1726	418	35	the	the	DET
cblr-1726	418	36	central	central	ADJ
cblr-1726	418	37	bank	bank	NOUN
cblr-1726	418	38	will	will	AUX
cblr-1726	418	39	provide	provide	VERB
cblr-1726	418	40	whatever	whatever	DET
cblr-1726	418	41	support	support	NOUN
cblr-1726	418	42	is	be	AUX
cblr-1726	418	43	necessary	necessary	ADJ
cblr-1726	418	44	in	in	ADP
cblr-1726	418	45	order	order	NOUN
cblr-1726	418	46	to	to	PART
cblr-1726	418	47	restore	restore	VERB
cblr-1726	418	48	market	market	NOUN
cblr-1726	418	49	confidence	confidence	NOUN
cblr-1726	418	50	and	and	CCONJ
cblr-1726	418	51	financial	financial	ADJ
cblr-1726	418	52	stability	stability	NOUN
cblr-1726	418	53	.	.	PUNCT
cblr-1726	419	1	this	this	DET
cblr-1726	419	2	liquidity	liquidity	NOUN
cblr-1726	419	3	typi	typi	PROPN
cblr-1726	419	4	central	central	ADJ
cblr-1726	419	5	banking	banking	NOUN
cblr-1726	419	6	,	,	PUNCT
cblr-1726	419	7	in	in	ADP
cblr-1726	419	8	restructuring	restructure	VERB
cblr-1726	419	9	banking	banking	NOUN
cblr-1726	419	10	&	&	CCONJ
cblr-1726	419	11	financial	financial	ADJ
cblr-1726	419	12	services	service	NOUN
cblr-1726	419	13	in	in	ADP
cblr-1726	419	14	america	america	PROPN
cblr-1726	419	15	216	216	NUM
cblr-1726	419	16	(	(	PUNCT
cblr-1726	419	17	william	william	PROPN
cblr-1726	419	18	s.	s.	PROPN
cblr-1726	419	19	haraf	haraf	PROPN
cblr-1726	419	20	&	&	CCONJ
cblr-1726	419	21	rose	rise	VERB
cblr-1726	419	22	marie	marie	PROPN
cblr-1726	419	23	kushmeider	kushmeider	PROPN
cblr-1726	419	24	eds	eds	PROPN
cblr-1726	419	25	.	.	PROPN
cblr-1726	419	26	,	,	PUNCT
cblr-1726	419	27	1988	1988	NUM
cblr-1726	419	28	)	)	PUNCT
cblr-1726	419	29	.	.	PUNCT
cblr-1726	420	1	88	88	NUM
cblr-1726	421	1	the	the	DET
cblr-1726	421	2	third	third	ADJ
cblr-1726	421	3	party	party	NOUN
cblr-1726	421	4	then	then	ADV
cblr-1726	421	5	steps	step	VERB
cblr-1726	421	6	into	into	ADP
cblr-1726	421	7	the	the	DET
cblr-1726	421	8	shoes	shoe	NOUN
cblr-1726	421	9	of	of	ADP
cblr-1726	421	10	the	the	DET
cblr-1726	421	11	depositors	depositor	NOUN
cblr-1726	421	12	in	in	ADP
cblr-1726	421	13	order	order	NOUN
cblr-1726	421	14	to	to	PART
cblr-1726	421	15	seek	seek	VERB
cblr-1726	421	16	redress	redress	NOUN
cblr-1726	421	17	from	from	ADP
cblr-1726	421	18	the	the	DET
cblr-1726	421	19	estate	estate	NOUN
cblr-1726	421	20	of	of	ADP
cblr-1726	421	21	the	the	DET
cblr-1726	421	22	bank	bank	NOUN
cblr-1726	421	23	.	.	PUNCT
cblr-1726	422	1	89	89	NUM
cblr-1726	422	2	see	see	VERB
cblr-1726	422	3	,	,	PUNCT
cblr-1726	422	4	e.g.	e.g.	ADV
cblr-1726	422	5	,	,	PUNCT
cblr-1726	422	6	andrew	andrew	PROPN
cblr-1726	422	7	campbell	campbell	PROPN
cblr-1726	422	8	&	&	CCONJ
cblr-1726	422	9	peter	peter	PROPN
cblr-1726	422	10	cartwright	cartwright	PROPN
cblr-1726	422	11	,	,	PUNCT
cblr-1726	422	12	deposit	deposit	NOUN
cblr-1726	422	13	insurance	insurance	NOUN
cblr-1726	422	14	:	:	PUNCT
cblr-1726	422	15	consumer	consumer	NOUN
cblr-1726	422	16	protection	protection	NOUN
cblr-1726	422	17	,	,	PUNCT
cblr-1726	422	18	bank	bank	NOUN
cblr-1726	422	19	safety	safety	NOUN
cblr-1726	422	20	and	and	CCONJ
cblr-1726	422	21	moral	moral	ADJ
cblr-1726	422	22	hazard	hazard	NOUN
cblr-1726	422	23	,	,	PUNCT
cblr-1726	422	24	10	10	NUM
cblr-1726	422	25	eur	eur	NOUN
cblr-1726	422	26	.	.	PUNCT
cblr-1726	423	1	bus	bus	NOUN
cblr-1726	423	2	.	.	PUNCT
cblr-1726	424	1	l.	l.	PROPN
cblr-1726	424	2	rev	rev	PROPN
cblr-1726	424	3	.	.	PROPN
cblr-1726	424	4	96	96	NUM
cblr-1726	424	5	,	,	PUNCT
cblr-1726	424	6	96–97	96–97	NUM
cblr-1726	424	7	,	,	PUNCT
cblr-1726	424	8	99	99	NUM
cblr-1726	424	9	(	(	PUNCT
cblr-1726	424	10	1999	1999	NUM
cblr-1726	424	11	)	)	PUNCT
cblr-1726	424	12	(	(	PUNCT
cblr-1726	424	13	describing	describe	VERB
cblr-1726	424	14	the	the	DET
cblr-1726	424	15	competing	compete	VERB
cblr-1726	424	16	views	view	NOUN
cblr-1726	424	17	of	of	ADP
cblr-1726	424	18	deposit	deposit	NOUN
cblr-1726	424	19	insurance	insurance	NOUN
cblr-1726	424	20	as	as	ADP
cblr-1726	424	21	a	a	DET
cblr-1726	424	22	mechanism	mechanism	NOUN
cblr-1726	424	23	for	for	ADP
cblr-1726	424	24	either	either	CCONJ
cblr-1726	424	25	protecting	protect	VERB
cblr-1726	424	26	consumers	consumer	NOUN
cblr-1726	424	27	or	or	CCONJ
cblr-1726	424	28	minimizing	minimize	VERB
cblr-1726	424	29	the	the	DET
cblr-1726	424	30	risk	risk	NOUN
cblr-1726	424	31	of	of	ADP
cblr-1726	424	32	bank	bank	NOUN
cblr-1726	424	33	runs	run	NOUN
cblr-1726	424	34	)	)	PUNCT
cblr-1726	424	35	.	.	PUNCT
cblr-1726	425	1	90	90	NUM
cblr-1726	425	2	freixas	freixas	PROPN
cblr-1726	425	3	et	et	PROPN
cblr-1726	425	4	al	al	PROPN
cblr-1726	425	5	.	.	PROPN
cblr-1726	425	6	,	,	PUNCT
cblr-1726	425	7	supra	supra	PROPN
cblr-1726	425	8	note	note	PROPN
cblr-1726	425	9	55	55	NUM
cblr-1726	425	10	,	,	PUNCT
cblr-1726	425	11	at	at	ADP
cblr-1726	425	12	152	152	NUM
cblr-1726	425	13	.	.	PUNCT
cblr-1726	426	1	awrey	awrey	PROPN
cblr-1726	426	2	–	–	PUNCT
cblr-1726	426	3	final	final	ADJ
cblr-1726	426	4	964	964	NUM
cblr-1726	426	5	columbia	columbia	PROPN
cblr-1726	426	6	business	business	NOUN
cblr-1726	426	7	law	law	PROPN
cblr-1726	426	8	review	review	NOUN
cblr-1726	427	1	[	[	X
cblr-1726	427	2	vol	vol	NOUN
cblr-1726	427	3	.	.	NOUN
cblr-1726	427	4	2017	2017	NUM
cblr-1726	427	5	cally	cally	ADV
cblr-1726	427	6	takes	take	VERB
cblr-1726	427	7	the	the	DET
cblr-1726	427	8	form	form	NOUN
cblr-1726	427	9	of	of	ADP
cblr-1726	427	10	short	short	ADJ
cblr-1726	427	11	-	-	PUNCT
cblr-1726	427	12	term	term	NOUN
cblr-1726	427	13	loans	loan	NOUN
cblr-1726	427	14	to	to	ADP
cblr-1726	427	15	banks	bank	NOUN
cblr-1726	427	16	or	or	CCONJ
cblr-1726	427	17	other	other	ADJ
cblr-1726	427	18	financial	financial	ADJ
cblr-1726	427	19	institutions	institution	NOUN
cblr-1726	427	20	experiencing	experience	VERB
cblr-1726	427	21	temporary	temporary	ADJ
cblr-1726	427	22	liquidity	liquidity	NOUN
cblr-1726	427	23	problems	problem	NOUN
cblr-1726	427	24	.	.	PUNCT
cblr-1726	428	1	these	these	DET
cblr-1726	428	2	loans	loan	NOUN
cblr-1726	428	3	are	be	AUX
cblr-1726	428	4	fully	fully	ADV
cblr-1726	428	5	secured	secure	VERB
cblr-1726	428	6	by	by	ADP
cblr-1726	428	7	a	a	DET
cblr-1726	428	8	pledge	pledge	NOUN
cblr-1726	428	9	of	of	ADP
cblr-1726	428	10	eligible	eligible	ADJ
cblr-1726	428	11	collateral	collateral	ADJ
cblr-1726	428	12	assets	asset	NOUN
cblr-1726	428	13	by	by	ADP
cblr-1726	428	14	the	the	DET
cblr-1726	428	15	financial	financial	ADJ
cblr-1726	428	16	institutions	institution	NOUN
cblr-1726	428	17	receiving	receive	VERB
cblr-1726	428	18	ela	ela	PROPN
cblr-1726	428	19	.	.	PUNCT
cblr-1726	429	1	eligible	eligible	ADJ
cblr-1726	429	2	collateral	collateral	ADJ
cblr-1726	429	3	assets	asset	NOUN
cblr-1726	429	4	generally	generally	ADV
cblr-1726	429	5	include	include	VERB
cblr-1726	429	6	commercial	commercial	ADJ
cblr-1726	429	7	loans	loan	NOUN
cblr-1726	429	8	,	,	PUNCT
cblr-1726	429	9	residential	residential	ADJ
cblr-1726	429	10	and	and	CCONJ
cblr-1726	429	11	commercial	commercial	ADJ
cblr-1726	429	12	mortgages	mortgage	NOUN
cblr-1726	429	13	,	,	PUNCT
cblr-1726	429	14	government	government	NOUN
cblr-1726	429	15	securities	security	NOUN
cblr-1726	429	16	,	,	PUNCT
cblr-1726	429	17	investment	investment	NOUN
cblr-1726	429	18	grade	grade	NOUN
cblr-1726	429	19	bonds	bond	NOUN
cblr-1726	429	20	,	,	PUNCT
cblr-1726	429	21	asset	asset	NOUN
cblr-1726	429	22	-	-	PUNCT
cblr-1726	429	23	backed	back	VERB
cblr-1726	429	24	securities	security	NOUN
cblr-1726	429	25	,	,	PUNCT
cblr-1726	429	26	and	and	CCONJ
cblr-1726	429	27	other	other	ADJ
cblr-1726	429	28	fixed	fix	VERB
cblr-1726	429	29	income	income	NOUN
cblr-1726	429	30	instruments	instrument	NOUN
cblr-1726	429	31	.	.	PUNCT
cblr-1726	430	1	these	these	DET
cblr-1726	430	2	collateral	collateral	ADJ
cblr-1726	430	3	assets	asset	NOUN
cblr-1726	430	4	are	be	AUX
cblr-1726	430	5	then	then	ADV
cblr-1726	430	6	subject	subject	ADJ
cblr-1726	430	7	to	to	ADP
cblr-1726	430	8	a	a	DET
cblr-1726	430	9	discount	discount	NOUN
cblr-1726	430	10	—	—	PUNCT
cblr-1726	430	11	or	or	CCONJ
cblr-1726	430	12	“	"	PUNCT
cblr-1726	430	13	haircut”—designed	haircut”—designe	VERB
cblr-1726	430	14	to	to	PART
cblr-1726	430	15	protect	protect	VERB
cblr-1726	430	16	the	the	DET
cblr-1726	430	17	central	central	ADJ
cblr-1726	430	18	bank	bank	NOUN
cblr-1726	430	19	against	against	ADP
cblr-1726	430	20	any	any	DET
cblr-1726	430	21	decrease	decrease	NOUN
cblr-1726	430	22	in	in	ADP
cblr-1726	430	23	their	their	PRON
cblr-1726	430	24	market	market	NOUN
cblr-1726	430	25	value.91	value.91	NOUN
cblr-1726	430	26	the	the	DET
cblr-1726	430	27	institutional	institutional	ADJ
cblr-1726	430	28	frameworks	framework	NOUN
cblr-1726	430	29	through	through	ADP
cblr-1726	430	30	which	which	PRON
cblr-1726	430	31	central	central	ADJ
cblr-1726	430	32	banks	bank	NOUN
cblr-1726	430	33	provide	provide	VERB
cblr-1726	430	34	ela	ela	PROPN
cblr-1726	430	35	vary	vary	VERB
cblr-1726	430	36	from	from	ADP
cblr-1726	430	37	jurisdiction	jurisdiction	NOUN
cblr-1726	430	38	to	to	ADP
cblr-1726	430	39	jurisdiction	jurisdiction	NOUN
cblr-1726	430	40	.	.	PUNCT
cblr-1726	431	1	in	in	ADP
cblr-1726	431	2	the	the	DET
cblr-1726	431	3	united	united	PROPN
cblr-1726	431	4	states	states	PROPN
cblr-1726	431	5	,	,	PUNCT
cblr-1726	431	6	the	the	DET
cblr-1726	431	7	federal	federal	PROPN
cblr-1726	431	8	reserve	reserve	PROPN
cblr-1726	431	9	has	have	AUX
cblr-1726	431	10	historically	historically	ADV
cblr-1726	431	11	provided	provide	VERB
cblr-1726	431	12	ela	ela	PROPN
cblr-1726	431	13	to	to	ADP
cblr-1726	431	14	eligible	eligible	ADJ
cblr-1726	431	15	member	member	NOUN
cblr-1726	431	16	banks	bank	NOUN
cblr-1726	431	17	through	through	ADP
cblr-1726	431	18	its	its	PRON
cblr-1726	431	19	discount	discount	NOUN
cblr-1726	431	20	window	window	NOUN
cblr-1726	431	21	,	,	PUNCT
cblr-1726	431	22	a	a	DET
cblr-1726	431	23	standing	standing	ADJ
cblr-1726	431	24	collateralized	collateralized	ADJ
cblr-1726	431	25	loan	loan	NOUN
cblr-1726	431	26	facility.92	facility.92	NOUN
cblr-1726	431	27	pursuant	pursuant	ADJ
cblr-1726	431	28	to	to	ADP
cblr-1726	431	29	section	section	NOUN
cblr-1726	431	30	13(3	13(3	NUM
cblr-1726	431	31	)	)	PUNCT
cblr-1726	431	32	of	of	ADP
cblr-1726	431	33	the	the	DET
cblr-1726	431	34	federal	federal	PROPN
cblr-1726	431	35	reserve	reserve	PROPN
cblr-1726	431	36	act	act	PROPN
cblr-1726	431	37	,	,	PUNCT
cblr-1726	431	38	the	the	DET
cblr-1726	431	39	fed	fed	PROPN
cblr-1726	431	40	can	can	AUX
cblr-1726	431	41	also	also	ADV
cblr-1726	431	42	extend	extend	VERB
cblr-1726	431	43	ela	ela	PROPN
cblr-1726	431	44	to	to	ADP
cblr-1726	431	45	non	non	ADJ
cblr-1726	431	46	-	-	ADJ
cblr-1726	431	47	bank	bank	ADJ
cblr-1726	431	48	financial	financial	ADJ
cblr-1726	431	49	institutions	institution	NOUN
cblr-1726	431	50	under	under	ADP
cblr-1726	431	51	certain	certain	ADJ
cblr-1726	431	52	conditions	condition	NOUN
cblr-1726	431	53	in	in	ADP
cblr-1726	431	54	the	the	DET
cblr-1726	431	55	event	event	NOUN
cblr-1726	431	56	of	of	ADP
cblr-1726	431	57	“	"	PUNCT
cblr-1726	431	58	unusual	unusual	ADJ
cblr-1726	431	59	and	and	CCONJ
cblr-1726	431	60	exigent	exigent	ADJ
cblr-1726	431	61	circumstances	circumstance	NOUN
cblr-1726	431	62	.	.	PUNCT
cblr-1726	432	1	”93	”93	ADV
cblr-1726	432	2	in	in	ADP
cblr-1726	432	3	the	the	DET
cblr-1726	432	4	91	91	NUM
cblr-1726	432	5	this	this	DET
cblr-1726	432	6	discount	discount	NOUN
cblr-1726	432	7	takes	take	VERB
cblr-1726	432	8	the	the	DET
cblr-1726	432	9	form	form	NOUN
cblr-1726	432	10	of	of	ADP
cblr-1726	432	11	a	a	DET
cblr-1726	432	12	decrease	decrease	NOUN
cblr-1726	432	13	in	in	ADP
cblr-1726	432	14	the	the	DET
cblr-1726	432	15	amount	amount	NOUN
cblr-1726	432	16	of	of	ADP
cblr-1726	432	17	the	the	DET
cblr-1726	432	18	loan	loan	NOUN
cblr-1726	432	19	that	that	PRON
cblr-1726	432	20	can	can	AUX
cblr-1726	432	21	be	be	AUX
cblr-1726	432	22	secured	secure	VERB
cblr-1726	432	23	against	against	ADP
cblr-1726	432	24	any	any	DET
cblr-1726	432	25	given	give	VERB
cblr-1726	432	26	collateral	collateral	ADJ
cblr-1726	432	27	asset	asset	NOUN
cblr-1726	432	28	.	.	PUNCT
cblr-1726	433	1	92	92	NUM
cblr-1726	433	2	for	for	ADP
cblr-1726	433	3	the	the	DET
cblr-1726	433	4	framework	framework	NOUN
cblr-1726	433	5	implementing	implement	VERB
cblr-1726	433	6	the	the	DET
cblr-1726	433	7	federal	federal	PROPN
cblr-1726	433	8	reserve	reserve	PROPN
cblr-1726	433	9	’s	’s	PART
cblr-1726	433	10	discount	discount	NOUN
cblr-1726	433	11	window	window	NOUN
cblr-1726	433	12	,	,	PUNCT
cblr-1726	433	13	see	see	VERB
cblr-1726	433	14	generally	generally	ADV
cblr-1726	433	15	extensions	extension	NOUN
cblr-1726	433	16	of	of	ADP
cblr-1726	433	17	credit	credit	NOUN
cblr-1726	433	18	by	by	ADP
cblr-1726	433	19	federal	federal	PROPN
cblr-1726	433	20	reserve	reserve	PROPN
cblr-1726	433	21	banks	bank	NOUN
cblr-1726	433	22	(	(	PUNCT
cblr-1726	433	23	regulation	regulation	NOUN
cblr-1726	433	24	a	a	NOUN
cblr-1726	433	25	)	)	PUNCT
cblr-1726	433	26	,	,	PUNCT
cblr-1726	433	27	12	12	NUM
cblr-1726	433	28	c.f.r	c.f.r	NOUN
cblr-1726	433	29	.	.	PUNCT
cblr-1726	434	1	§	§	PROPN
cblr-1726	434	2	201	201	NUM
cblr-1726	434	3	(	(	PUNCT
cblr-1726	434	4	2017	2017	NUM
cblr-1726	434	5	)	)	PUNCT
cblr-1726	434	6	.	.	PUNCT
cblr-1726	435	1	see	see	AUX
cblr-1726	435	2	also	also	ADV
cblr-1726	435	3	fed	feed	VERB
cblr-1726	435	4	.	.	PUNCT
cblr-1726	436	1	res	re	NOUN
cblr-1726	436	2	.	.	PUNCT
cblr-1726	437	1	discount	discount	NOUN
cblr-1726	437	2	window	window	NOUN
cblr-1726	437	3	,	,	PUNCT
cblr-1726	437	4	https://www.frbdiscountwindow.org/	https://www.frbdiscountwindow.org/	ADJ
cblr-1726	437	5	(	(	PUNCT
cblr-1726	437	6	oct	oct	PROPN
cblr-1726	437	7	.	.	PROPN
cblr-1726	437	8	15	15	NUM
cblr-1726	437	9	,	,	PUNCT
cblr-1726	437	10	2017	2017	NUM
cblr-1726	437	11	)	)	PUNCT
cblr-1726	438	1	[	[	X
cblr-1726	438	2	perma.cc/k2argrm9	perma.cc/k2argrm9	X
cblr-1726	438	3	]	]	X
cblr-1726	438	4	.	.	PUNCT
cblr-1726	439	1	the	the	DET
cblr-1726	439	2	fed	fed	PROPN
cblr-1726	439	3	can	can	AUX
cblr-1726	439	4	also	also	ADV
cblr-1726	439	5	extend	extend	VERB
cblr-1726	439	6	ela	ela	PROPN
cblr-1726	439	7	through	through	ADP
cblr-1726	439	8	its	its	PRON
cblr-1726	439	9	open	open	ADJ
cblr-1726	439	10	market	market	NOUN
cblr-1726	439	11	operations	operation	NOUN
cblr-1726	439	12	(	(	PUNCT
cblr-1726	439	13	i.e.	i.e.	X
cblr-1726	439	14	,	,	PUNCT
cblr-1726	439	15	the	the	DET
cblr-1726	439	16	purchase	purchase	NOUN
cblr-1726	439	17	and	and	CCONJ
cblr-1726	439	18	sale	sale	NOUN
cblr-1726	439	19	of	of	ADP
cblr-1726	439	20	securities	security	NOUN
cblr-1726	439	21	on	on	ADP
cblr-1726	439	22	the	the	DET
cblr-1726	439	23	open	open	ADJ
cblr-1726	439	24	market	market	NOUN
cblr-1726	439	25	)	)	PUNCT
cblr-1726	439	26	.	.	PUNCT
cblr-1726	440	1	kaufman	kaufman	PROPN
cblr-1726	440	2	,	,	PUNCT
cblr-1726	440	3	supra	supra	PROPN
cblr-1726	440	4	note	note	PROPN
cblr-1726	440	5	78	78	NUM
cblr-1726	440	6	,	,	PUNCT
cblr-1726	440	7	at	at	ADP
cblr-1726	440	8	180–81	180–81	NUM
cblr-1726	440	9	.	.	PUNCT
cblr-1726	441	1	for	for	ADP
cblr-1726	441	2	a	a	DET
cblr-1726	441	3	discussion	discussion	NOUN
cblr-1726	441	4	of	of	ADP
cblr-1726	441	5	the	the	DET
cblr-1726	441	6	conceptual	conceptual	ADJ
cblr-1726	441	7	problems	problem	NOUN
cblr-1726	441	8	of	of	ADP
cblr-1726	441	9	conflating	conflate	VERB
cblr-1726	441	10	ela	ela	PROPN
cblr-1726	441	11	with	with	ADP
cblr-1726	441	12	open	open	ADJ
cblr-1726	441	13	market	market	NOUN
cblr-1726	441	14	operations	operation	NOUN
cblr-1726	441	15	,	,	PUNCT
cblr-1726	441	16	see	see	VERB
cblr-1726	441	17	generally	generally	ADV
cblr-1726	441	18	charles	charle	NOUN
cblr-1726	441	19	goodhart	goodhart	PROPN
cblr-1726	441	20	,	,	PUNCT
cblr-1726	441	21	myths	myth	NOUN
cblr-1726	441	22	about	about	ADP
cblr-1726	441	23	the	the	DET
cblr-1726	441	24	lender	lender	NOUN
cblr-1726	441	25	of	of	ADP
cblr-1726	441	26	last	last	ADJ
cblr-1726	441	27	resort	resort	NOUN
cblr-1726	441	28	,	,	PUNCT
cblr-1726	441	29	in	in	ADP
cblr-1726	441	30	financial	financial	ADJ
cblr-1726	441	31	crises	crisis	NOUN
cblr-1726	441	32	,	,	PUNCT
cblr-1726	441	33	contagion	contagion	NOUN
cblr-1726	441	34	,	,	PUNCT
cblr-1726	441	35	and	and	CCONJ
cblr-1726	441	36	the	the	DET
cblr-1726	441	37	lender	lender	NOUN
cblr-1726	441	38	of	of	ADP
cblr-1726	441	39	last	last	ADJ
cblr-1726	441	40	resort	resort	NOUN
cblr-1726	441	41	227	227	NUM
cblr-1726	441	42	,	,	PUNCT
cblr-1726	441	43	231	231	NUM
cblr-1726	441	44	(	(	PUNCT
cblr-1726	441	45	charles	charle	NOUN
cblr-1726	441	46	goodhart	goodhart	PROPN
cblr-1726	441	47	&	&	CCONJ
cblr-1726	441	48	gerhard	gerhard	PROPN
cblr-1726	441	49	illing	ille	VERB
cblr-1726	441	50	eds	ed	NOUN
cblr-1726	441	51	.	.	PROPN
cblr-1726	441	52	,	,	PUNCT
cblr-1726	441	53	2002	2002	NUM
cblr-1726	441	54	)	)	PUNCT
cblr-1726	441	55	.	.	PUNCT
cblr-1726	442	1	93	93	NUM
cblr-1726	442	2	federal	federal	PROPN
cblr-1726	442	3	reserve	reserve	PROPN
cblr-1726	442	4	act	act	PROPN
cblr-1726	442	5	,	,	PUNCT
cblr-1726	442	6	12	12	NUM
cblr-1726	442	7	u.s.c	u.s.c	ADJ
cblr-1726	442	8	.	.	PUNCT
cblr-1726	443	1	§	§	PROPN
cblr-1726	443	2	343	343	NUM
cblr-1726	443	3	(	(	PUNCT
cblr-1726	443	4	2010	2010	NUM
cblr-1726	443	5	)	)	PUNCT
cblr-1726	443	6	.	.	PUNCT
cblr-1726	444	1	the	the	DET
cblr-1726	444	2	provision	provision	NOUN
cblr-1726	444	3	of	of	ADP
cblr-1726	444	4	ela	ela	PROPN
cblr-1726	444	5	under	under	ADP
cblr-1726	444	6	section	section	NOUN
cblr-1726	444	7	13(3	13(3	NUM
cblr-1726	444	8	)	)	PUNCT
cblr-1726	444	9	must	must	AUX
cblr-1726	444	10	be	be	AUX
cblr-1726	444	11	pursuant	pursuant	ADJ
cblr-1726	444	12	to	to	ADP
cblr-1726	444	13	a	a	DET
cblr-1726	444	14	program	program	NOUN
cblr-1726	444	15	or	or	CCONJ
cblr-1726	444	16	facility	facility	NOUN
cblr-1726	444	17	with	with	ADP
cblr-1726	444	18	“	"	PUNCT
cblr-1726	444	19	broadbased	broadbased	ADJ
cblr-1726	444	20	”	"	PUNCT
cblr-1726	444	21	eligibility	eligibility	NOUN
cblr-1726	444	22	,	,	PUNCT
cblr-1726	444	23	thereby	thereby	ADV
cblr-1726	444	24	prohibiting	prohibit	VERB
cblr-1726	444	25	ad	ad	NOUN
cblr-1726	444	26	hoc	hoc	X
cblr-1726	444	27	support	support	NOUN
cblr-1726	444	28	to	to	ADP
cblr-1726	444	29	individual	individual	ADJ
cblr-1726	444	30	institutions	institution	NOUN
cblr-1726	444	31	.	.	PUNCT
cblr-1726	445	1	unlike	unlike	ADP
cblr-1726	445	2	discount	discount	NOUN
cblr-1726	445	3	window	window	NOUN
cblr-1726	445	4	lending	lending	NOUN
cblr-1726	445	5	,	,	PUNCT
cblr-1726	445	6	institutions	institution	NOUN
cblr-1726	445	7	in	in	ADP
cblr-1726	445	8	receipt	receipt	NOUN
cblr-1726	445	9	of	of	ADP
cblr-1726	445	10	ela	ela	PROPN
cblr-1726	445	11	under	under	ADP
cblr-1726	445	12	section	section	NOUN
cblr-1726	445	13	13(3	13(3	NUM
cblr-1726	445	14	)	)	PUNCT
cblr-1726	445	15	must	must	AUX
cblr-1726	445	16	also	also	ADV
cblr-1726	445	17	demonstrate	demonstrate	VERB
cblr-1726	445	18	that	that	SCONJ
cblr-1726	445	19	they	they	PRON
cblr-1726	445	20	can	can	AUX
cblr-1726	445	21	not	not	PART
cblr-1726	445	22	secure	secure	VERB
cblr-1726	445	23	credit	credit	NOUN
cblr-1726	445	24	accommodation	accommodation	NOUN
cblr-1726	445	25	from	from	ADP
cblr-1726	445	26	other	other	ADJ
cblr-1726	445	27	financial	financial	ADJ
cblr-1726	445	28	institutions	institution	NOUN
cblr-1726	445	29	.	.	PUNCT
cblr-1726	446	1	as	as	SCONJ
cblr-1726	446	2	kathryn	kathryn	PROPN
cblr-1726	446	3	judge	judge	PROPN
cblr-1726	446	4	observes	observe	VERB
cblr-1726	446	5	,	,	PUNCT
cblr-1726	446	6	there	there	PRON
cblr-1726	446	7	are	be	VERB
cblr-1726	446	8	also	also	ADV
cblr-1726	446	9	a	a	DET
cblr-1726	446	10	number	number	NOUN
cblr-1726	446	11	of	of	ADP
cblr-1726	446	12	other	other	ADJ
cblr-1726	446	13	government	government	NOUN
cblr-1726	446	14	facilities	facility	NOUN
cblr-1726	446	15	that	that	PRON
cblr-1726	446	16	can	can	AUX
cblr-1726	446	17	be	be	AUX
cblr-1726	446	18	viewed	view	VERB
cblr-1726	446	19	as	as	ADP
cblr-1726	446	20	performing	perform	VERB
cblr-1726	446	21	a	a	DET
cblr-1726	446	22	similar	similar	ADJ
cblr-1726	446	23	function	function	NOUN
cblr-1726	446	24	.	.	PUNCT
cblr-1726	447	1	kathryn	kathryn	PROPN
cblr-1726	447	2	judge	judge	PROPN
cblr-1726	447	3	,	,	PUNCT
cblr-1726	447	4	three	three	NUM
cblr-1726	447	5	discount	discount	NOUN
cblr-1726	447	6	windows	window	NOUN
cblr-1726	447	7	,	,	PUNCT
cblr-1726	447	8	99	99	NUM
cblr-1726	447	9	cornell	cornell	PROPN
cblr-1726	447	10	l.	l.	PROPN
cblr-1726	447	11	rev	rev	PROPN
cblr-1726	447	12	.	.	PROPN
cblr-1726	447	13	795	795	NUM
cblr-1726	447	14	(	(	PUNCT
cblr-1726	447	15	2014	2014	NUM
cblr-1726	447	16	)	)	PUNCT
cblr-1726	447	17	(	(	PUNCT
cblr-1726	447	18	describing	describe	VERB
cblr-1726	447	19	,	,	PUNCT
cblr-1726	447	20	for	for	ADP
cblr-1726	447	21	example	example	NOUN
cblr-1726	447	22	,	,	PUNCT
cblr-1726	447	23	the	the	DET
cblr-1726	447	24	operations	operation	NOUN
cblr-1726	447	25	of	of	ADP
cblr-1726	447	26	awrey	awrey	NOUN
cblr-1726	447	27	–	–	PUNCT
cblr-1726	447	28	final	final	ADJ
cblr-1726	447	29	no	no	NOUN
cblr-1726	447	30	.	.	PUNCT
cblr-1726	448	1	3:934	3:934	X
cblr-1726	448	2	]	]	X
cblr-1726	448	3	foreign	foreign	ADJ
cblr-1726	448	4	currency	currency	NOUN
cblr-1726	448	5	liquidity	liquidity	NOUN
cblr-1726	448	6	assistance	assistance	NOUN
cblr-1726	448	7	965	965	NUM
cblr-1726	448	8	united	united	ADJ
cblr-1726	448	9	kingdom	kingdom	NOUN
cblr-1726	448	10	,	,	PUNCT
cblr-1726	448	11	meanwhile	meanwhile	ADV
cblr-1726	448	12	,	,	PUNCT
cblr-1726	448	13	the	the	DET
cblr-1726	448	14	bank	bank	NOUN
cblr-1726	448	15	of	of	ADP
cblr-1726	448	16	england	england	PROPN
cblr-1726	448	17	operates	operate	VERB
cblr-1726	448	18	its	its	PRON
cblr-1726	448	19	discount	discount	NOUN
cblr-1726	448	20	window	window	NOUN
cblr-1726	448	21	,	,	PUNCT
cblr-1726	448	22	ela	ela	PROPN
cblr-1726	448	23	,	,	PUNCT
cblr-1726	448	24	and	and	CCONJ
cblr-1726	448	25	other	other	ADJ
cblr-1726	448	26	liquidity	liquidity	NOUN
cblr-1726	448	27	facilities	facility	NOUN
cblr-1726	448	28	under	under	ADP
cblr-1726	448	29	separate	separate	ADJ
cblr-1726	448	30	frameworks	framework	NOUN
cblr-1726	448	31	,	,	PUNCT
cblr-1726	448	32	each	each	PRON
cblr-1726	448	33	of	of	ADP
cblr-1726	448	34	which	which	PRON
cblr-1726	448	35	are	be	AUX
cblr-1726	448	36	available	available	ADJ
cblr-1726	448	37	to	to	ADP
cblr-1726	448	38	banks	bank	NOUN
cblr-1726	448	39	,	,	PUNCT
cblr-1726	448	40	building	build	VERB
cblr-1726	448	41	societies	society	NOUN
cblr-1726	448	42	,	,	PUNCT
cblr-1726	448	43	securities	security	NOUN
cblr-1726	448	44	dealers	dealer	NOUN
cblr-1726	448	45	,	,	PUNCT
cblr-1726	448	46	and	and	CCONJ
cblr-1726	448	47	central	central	ADJ
cblr-1726	448	48	counterparties.94	counterparties.94	NOUN
cblr-1726	448	49	predictably	predictably	ADV
cblr-1726	448	50	,	,	PUNCT
cblr-1726	448	51	the	the	DET
cblr-1726	448	52	strategy	strategy	NOUN
cblr-1726	448	53	of	of	ADP
cblr-1726	448	54	having	have	VERB
cblr-1726	448	55	central	central	ADJ
cblr-1726	448	56	banks	bank	NOUN
cblr-1726	448	57	pump	pump	VERB
cblr-1726	448	58	money	money	NOUN
cblr-1726	448	59	into	into	ADP
cblr-1726	448	60	the	the	DET
cblr-1726	448	61	financial	financial	ADJ
cblr-1726	448	62	system	system	NOUN
cblr-1726	448	63	—	—	PUNCT
cblr-1726	448	64	to	to	PART
cblr-1726	448	65	“	"	PUNCT
cblr-1726	448	66	lend	lend	VERB
cblr-1726	448	67	freely	freely	ADV
cblr-1726	448	68	”	"	PUNCT
cblr-1726	448	69	in	in	ADP
cblr-1726	448	70	bagehot	bagehot	NOUN
cblr-1726	448	71	’s	’s	PART
cblr-1726	448	72	terms	term	NOUN
cblr-1726	448	73	—	—	PUNCT
cblr-1726	448	74	gives	give	VERB
cblr-1726	448	75	rise	rise	NOUN
cblr-1726	448	76	to	to	ADP
cblr-1726	448	77	potentially	potentially	ADV
cblr-1726	448	78	significant	significant	ADJ
cblr-1726	448	79	moral	moral	ADJ
cblr-1726	448	80	hazard	hazard	NOUN
cblr-1726	448	81	problems.95	problems.95	NOUN
cblr-1726	448	82	specifically	specifically	ADV
cblr-1726	448	83	,	,	PUNCT
cblr-1726	448	84	where	where	SCONJ
cblr-1726	448	85	banks	bank	NOUN
cblr-1726	448	86	and	and	CCONJ
cblr-1726	448	87	other	other	ADJ
cblr-1726	448	88	financial	financial	ADJ
cblr-1726	448	89	institutions	institution	NOUN
cblr-1726	448	90	anticipate	anticipate	VERB
cblr-1726	448	91	that	that	SCONJ
cblr-1726	448	92	they	they	PRON
cblr-1726	448	93	will	will	AUX
cblr-1726	448	94	receive	receive	VERB
cblr-1726	448	95	ela	ela	PROPN
cblr-1726	448	96	,	,	PUNCT
cblr-1726	448	97	this	this	PRON
cblr-1726	448	98	may	may	AUX
cblr-1726	448	99	incentivize	incentivize	VERB
cblr-1726	448	100	them	they	PRON
cblr-1726	448	101	to	to	PART
cblr-1726	448	102	rely	rely	VERB
cblr-1726	448	103	more	more	ADV
cblr-1726	448	104	heavily	heavily	ADV
cblr-1726	448	105	on	on	ADP
cblr-1726	448	106	short	short	ADJ
cblr-1726	448	107	-	-	PUNCT
cblr-1726	448	108	term	term	NOUN
cblr-1726	448	109	liabilities	liability	NOUN
cblr-1726	448	110	or	or	CCONJ
cblr-1726	448	111	invest	invest	VERB
cblr-1726	448	112	in	in	ADP
cblr-1726	448	113	more	more	ADV
cblr-1726	448	114	risky	risky	ADJ
cblr-1726	448	115	and	and	CCONJ
cblr-1726	448	116	illiquid	illiquid	ADJ
cblr-1726	448	117	assets	asset	NOUN
cblr-1726	448	118	.	.	PUNCT
cblr-1726	449	1	the	the	DET
cblr-1726	449	2	other	other	ADJ
cblr-1726	449	3	components	component	NOUN
cblr-1726	449	4	of	of	ADP
cblr-1726	449	5	bagehot	bagehot	NOUN
cblr-1726	449	6	’s	’s	PART
cblr-1726	449	7	dictum	dictum	NOUN
cblr-1726	449	8	can	can	AUX
cblr-1726	449	9	each	each	PRON
cblr-1726	449	10	be	be	AUX
cblr-1726	449	11	understood	understand	VERB
cblr-1726	449	12	as	as	ADP
cblr-1726	449	13	designed	design	VERB
cblr-1726	449	14	to	to	PART
cblr-1726	449	15	constrain	constrain	VERB
cblr-1726	449	16	this	this	DET
cblr-1726	449	17	problem.96	problem.96	NOUN
cblr-1726	449	18	the	the	DET
cblr-1726	449	19	requirement	requirement	NOUN
cblr-1726	449	20	that	that	SCONJ
cblr-1726	449	21	central	central	ADJ
cblr-1726	449	22	banks	bank	NOUN
cblr-1726	449	23	lend	lend	VERB
cblr-1726	449	24	only	only	ADV
cblr-1726	449	25	against	against	ADP
cblr-1726	449	26	good	good	ADJ
cblr-1726	449	27	quality	quality	NOUN
cblr-1726	449	28	collateral	collateral	NOUN
cblr-1726	449	29	,	,	PUNCT
cblr-1726	449	30	for	for	ADP
cblr-1726	449	31	example	example	NOUN
cblr-1726	449	32	,	,	PUNCT
cblr-1726	449	33	limits	limit	VERB
cblr-1726	449	34	the	the	DET
cblr-1726	449	35	ability	ability	NOUN
cblr-1726	449	36	of	of	ADP
cblr-1726	449	37	banks	bank	NOUN
cblr-1726	449	38	to	to	PART
cblr-1726	449	39	invest	invest	VERB
cblr-1726	449	40	in	in	ADP
cblr-1726	449	41	risky	risky	ADJ
cblr-1726	449	42	and	and	CCONJ
cblr-1726	449	43	illiquid	illiquid	ADJ
cblr-1726	449	44	assets	asset	NOUN
cblr-1726	449	45	while	while	SCONJ
cblr-1726	449	46	still	still	ADV
cblr-1726	449	47	retaining	retain	VERB
cblr-1726	449	48	a	a	DET
cblr-1726	449	49	sufficient	sufficient	ADJ
cblr-1726	449	50	portfolio	portfolio	NOUN
cblr-1726	449	51	of	of	ADP
cblr-1726	449	52	eligible	eligible	ADJ
cblr-1726	449	53	collateral	collateral	NOUN
cblr-1726	449	54	that	that	PRON
cblr-1726	449	55	they	they	PRON
cblr-1726	449	56	can	can	AUX
cblr-1726	449	57	pledge	pledge	VERB
cblr-1726	449	58	for	for	ADP
cblr-1726	449	59	the	the	DET
cblr-1726	449	60	purposes	purpose	NOUN
cblr-1726	449	61	of	of	ADP
cblr-1726	449	62	obtaining	obtain	VERB
cblr-1726	449	63	ela.97	ela.97	NOUN
cblr-1726	449	64	for	for	ADP
cblr-1726	449	65	the	the	DET
cblr-1726	449	66	same	same	ADJ
cblr-1726	449	67	reason	reason	NOUN
cblr-1726	449	68	,	,	PUNCT
cblr-1726	449	69	the	the	DET
cblr-1726	449	70	fact	fact	NOUN
cblr-1726	449	71	that	that	SCONJ
cblr-1726	449	72	a	a	DET
cblr-1726	449	73	bank	bank	NOUN
cblr-1726	449	74	is	be	AUX
cblr-1726	449	75	able	able	ADJ
cblr-1726	449	76	to	to	PART
cblr-1726	449	77	pledge	pledge	VERB
cblr-1726	449	78	good	good	ADJ
cblr-1726	449	79	quality	quality	NOUN
cblr-1726	449	80	the	the	DET
cblr-1726	449	81	federal	federal	PROPN
cblr-1726	449	82	home	home	PROPN
cblr-1726	449	83	loan	loan	PROPN
cblr-1726	449	84	bank	bank	PROPN
cblr-1726	449	85	in	in	ADP
cblr-1726	449	86	providing	provide	VERB
cblr-1726	449	87	support	support	NOUN
cblr-1726	449	88	to	to	ADP
cblr-1726	449	89	banks	bank	NOUN
cblr-1726	449	90	during	during	ADP
cblr-1726	449	91	the	the	DET
cblr-1726	449	92	financial	financial	ADJ
cblr-1726	449	93	crisis	crisis	NOUN
cblr-1726	449	94	)	)	PUNCT
cblr-1726	449	95	.	.	PUNCT
cblr-1726	450	1	94	94	NUM
cblr-1726	450	2	for	for	ADP
cblr-1726	450	3	a	a	DET
cblr-1726	450	4	detailed	detailed	ADJ
cblr-1726	450	5	description	description	NOUN
cblr-1726	450	6	of	of	ADP
cblr-1726	450	7	the	the	DET
cblr-1726	450	8	discount	discount	NOUN
cblr-1726	450	9	window	window	NOUN
cblr-1726	450	10	and	and	CCONJ
cblr-1726	450	11	contingent	contingent	ADJ
cblr-1726	450	12	term	term	NOUN
cblr-1726	450	13	repo	repo	ADP
cblr-1726	450	14	facilities	facility	NOUN
cblr-1726	450	15	,	,	PUNCT
cblr-1726	450	16	see	see	VERB
cblr-1726	450	17	generally	generally	ADV
cblr-1726	450	18	bank	bank	PROPN
cblr-1726	450	19	of	of	ADP
cblr-1726	450	20	eng	eng	PROPN
cblr-1726	450	21	.	.	PROPN
cblr-1726	450	22	,	,	PUNCT
cblr-1726	450	23	the	the	DET
cblr-1726	450	24	bank	bank	PROPN
cblr-1726	450	25	of	of	ADP
cblr-1726	450	26	england	england	PROPN
cblr-1726	450	27	’s	’s	PART
cblr-1726	450	28	sterling	sterling	ADJ
cblr-1726	450	29	monetary	monetary	ADJ
cblr-1726	450	30	framework	framework	NOUN
cblr-1726	450	31	(	(	PUNCT
cblr-1726	450	32	2015	2015	NUM
cblr-1726	450	33	)	)	PUNCT
cblr-1726	450	34	.	.	PUNCT
cblr-1726	451	1	ela	ela	PROPN
cblr-1726	451	2	is	be	AUX
cblr-1726	451	3	provided	provide	VERB
cblr-1726	451	4	under	under	ADP
cblr-1726	451	5	a	a	DET
cblr-1726	451	6	separate	separate	ADJ
cblr-1726	451	7	,	,	PUNCT
cblr-1726	451	8	largely	largely	ADV
cblr-1726	451	9	unpublished	unpublished	ADJ
cblr-1726	451	10	,	,	PUNCT
cblr-1726	451	11	framework	framework	NOUN
cblr-1726	451	12	and	and	CCONJ
cblr-1726	451	13	can	can	AUX
cblr-1726	451	14	be	be	AUX
cblr-1726	451	15	provided	provide	VERB
cblr-1726	451	16	to	to	ADP
cblr-1726	451	17	any	any	DET
cblr-1726	451	18	entity	entity	NOUN
cblr-1726	451	19	(	(	PUNCT
cblr-1726	451	20	including	include	VERB
cblr-1726	451	21	but	but	CCONJ
cblr-1726	451	22	not	not	PART
cblr-1726	451	23	limited	limit	VERB
cblr-1726	451	24	to	to	ADP
cblr-1726	451	25	financial	financial	ADJ
cblr-1726	451	26	institutions	institution	NOUN
cblr-1726	451	27	)	)	PUNCT
cblr-1726	451	28	.	.	PUNCT
cblr-1726	452	1	the	the	DET
cblr-1726	452	2	bank	bank	NOUN
cblr-1726	452	3	also	also	ADV
cblr-1726	452	4	administers	administer	VERB
cblr-1726	452	5	an	an	DET
cblr-1726	452	6	index	index	NOUN
cblr-1726	452	7	long	long	ADJ
cblr-1726	452	8	-	-	PUNCT
cblr-1726	452	9	term	term	NOUN
cblr-1726	452	10	repo	repo	NOUN
cblr-1726	452	11	facility	facility	NOUN
cblr-1726	452	12	designed	design	VERB
cblr-1726	452	13	for	for	ADP
cblr-1726	452	14	institutions	institution	NOUN
cblr-1726	452	15	with	with	ADP
cblr-1726	452	16	predictable	predictable	ADJ
cblr-1726	452	17	needs	need	NOUN
cblr-1726	452	18	for	for	ADP
cblr-1726	452	19	liquid	liquid	ADJ
cblr-1726	452	20	assets	asset	NOUN
cblr-1726	452	21	.	.	PUNCT
cblr-1726	453	1	95	95	NUM
cblr-1726	453	2	once	once	ADV
cblr-1726	453	3	again	again	ADV
cblr-1726	453	4	,	,	PUNCT
cblr-1726	453	5	henry	henry	PROPN
cblr-1726	453	6	thornton	thornton	PROPN
cblr-1726	453	7	seems	seem	VERB
cblr-1726	453	8	to	to	PART
cblr-1726	453	9	have	have	AUX
cblr-1726	453	10	been	be	AUX
cblr-1726	453	11	the	the	DET
cblr-1726	453	12	first	first	ADJ
cblr-1726	453	13	observer	observer	NOUN
cblr-1726	453	14	to	to	PART
cblr-1726	453	15	remark	remark	VERB
cblr-1726	453	16	on	on	ADP
cblr-1726	453	17	this	this	DET
cblr-1726	453	18	problem	problem	NOUN
cblr-1726	453	19	.	.	PUNCT
cblr-1726	454	1	thornton	thornton	PROPN
cblr-1726	454	2	,	,	PUNCT
cblr-1726	454	3	supra	supra	PROPN
cblr-1726	454	4	note	note	PROPN
cblr-1726	454	5	54	54	NUM
cblr-1726	454	6	,	,	PUNCT
cblr-1726	454	7	at	at	ADP
cblr-1726	454	8	188	188	NUM
cblr-1726	454	9	.	.	PUNCT
cblr-1726	454	10	96	96	NUM
cblr-1726	455	1	ultimately	ultimately	ADV
cblr-1726	455	2	,	,	PUNCT
cblr-1726	455	3	the	the	DET
cblr-1726	455	4	capital	capital	NOUN
cblr-1726	455	5	,	,	PUNCT
cblr-1726	455	6	liquidity	liquidity	NOUN
cblr-1726	455	7	,	,	PUNCT
cblr-1726	455	8	and	and	CCONJ
cblr-1726	455	9	other	other	ADJ
cblr-1726	455	10	forms	form	NOUN
cblr-1726	455	11	of	of	ADP
cblr-1726	455	12	prudential	prudential	ADJ
cblr-1726	455	13	regulation	regulation	NOUN
cblr-1726	455	14	and	and	CCONJ
cblr-1726	455	15	intensive	intensive	ADJ
cblr-1726	455	16	prudential	prudential	ADJ
cblr-1726	455	17	supervision	supervision	NOUN
cblr-1726	455	18	to	to	PART
cblr-1726	455	19	which	which	PRON
cblr-1726	455	20	banks	bank	NOUN
cblr-1726	455	21	are	be	AUX
cblr-1726	455	22	subject	subject	ADJ
cblr-1726	455	23	also	also	ADV
cblr-1726	455	24	play	play	VERB
cblr-1726	455	25	important	important	ADJ
cblr-1726	455	26	roles	role	NOUN
cblr-1726	455	27	in	in	ADP
cblr-1726	455	28	constraining	constrain	VERB
cblr-1726	455	29	potential	potential	ADJ
cblr-1726	455	30	moral	moral	ADJ
cblr-1726	455	31	hazard	hazard	NOUN
cblr-1726	455	32	problems	problem	NOUN
cblr-1726	455	33	.	.	PUNCT
cblr-1726	456	1	for	for	ADP
cblr-1726	456	2	a	a	DET
cblr-1726	456	3	description	description	NOUN
cblr-1726	456	4	of	of	ADP
cblr-1726	456	5	this	this	DET
cblr-1726	456	6	regulation	regulation	NOUN
cblr-1726	456	7	and	and	CCONJ
cblr-1726	456	8	supervision	supervision	NOUN
cblr-1726	456	9	,	,	PUNCT
cblr-1726	456	10	see	see	VERB
cblr-1726	456	11	armour	armour	NOUN
cblr-1726	456	12	et	et	PROPN
cblr-1726	456	13	al	al	PROPN
cblr-1726	456	14	.	.	PROPN
cblr-1726	456	15	,	,	PUNCT
cblr-1726	456	16	supra	supra	PROPN
cblr-1726	456	17	note	note	PROPN
cblr-1726	456	18	15	15	NUM
cblr-1726	456	19	,	,	PUNCT
cblr-1726	456	20	at	at	ADP
cblr-1726	456	21	chs	ch	NOUN
cblr-1726	456	22	.	.	PUNCT
cblr-1726	457	1	14–16	14–16	NUM
cblr-1726	457	2	.	.	PUNCT
cblr-1726	458	1	97	97	NUM
cblr-1726	458	2	this	this	DET
cblr-1726	458	3	requirement	requirement	NOUN
cblr-1726	458	4	also	also	ADV
cblr-1726	458	5	serves	serve	VERB
cblr-1726	458	6	to	to	PART
cblr-1726	458	7	insulate	insulate	VERB
cblr-1726	458	8	central	central	ADJ
cblr-1726	458	9	banks	bank	NOUN
cblr-1726	458	10	from	from	ADP
cblr-1726	458	11	counterparty	counterparty	NOUN
cblr-1726	458	12	credit	credit	NOUN
cblr-1726	458	13	risk	risk	NOUN
cblr-1726	458	14	,	,	PUNCT
cblr-1726	458	15	along	along	ADP
cblr-1726	458	16	with	with	ADP
cblr-1726	458	17	any	any	DET
cblr-1726	458	18	market	market	NOUN
cblr-1726	458	19	risk	risk	NOUN
cblr-1726	458	20	stemming	stem	VERB
cblr-1726	458	21	from	from	ADP
cblr-1726	458	22	volatility	volatility	NOUN
cblr-1726	458	23	in	in	ADP
cblr-1726	458	24	the	the	DET
cblr-1726	458	25	price	price	NOUN
cblr-1726	458	26	of	of	ADP
cblr-1726	458	27	pledged	pledged	ADJ
cblr-1726	458	28	collateral	collateral	NOUN
cblr-1726	458	29	.	.	PUNCT
cblr-1726	459	1	awrey	awrey	NOUN
cblr-1726	459	2	–	–	PUNCT
cblr-1726	459	3	final	final	ADJ
cblr-1726	459	4	966	966	NUM
cblr-1726	459	5	columbia	columbia	PROPN
cblr-1726	459	6	business	business	NOUN
cblr-1726	459	7	law	law	PROPN
cblr-1726	459	8	review	review	NOUN
cblr-1726	460	1	[	[	X
cblr-1726	460	2	vol	vol	NOUN
cblr-1726	460	3	.	.	NOUN
cblr-1726	460	4	2017	2017	NUM
cblr-1726	460	5	collateral	collateral	NOUN
cblr-1726	460	6	serves	serve	VERB
cblr-1726	460	7	as	as	ADP
cblr-1726	460	8	a	a	DET
cblr-1726	460	9	credible	credible	ADJ
cblr-1726	460	10	signal	signal	NOUN
cblr-1726	460	11	of	of	ADP
cblr-1726	460	12	its	its	PRON
cblr-1726	460	13	solvency.98	solvency.98	NOUN
cblr-1726	460	14	the	the	DET
cblr-1726	460	15	requirement	requirement	NOUN
cblr-1726	460	16	to	to	PART
cblr-1726	460	17	lend	lend	VERB
cblr-1726	460	18	at	at	ADP
cblr-1726	460	19	a	a	DET
cblr-1726	460	20	penalty	penalty	NOUN
cblr-1726	460	21	rate	rate	NOUN
cblr-1726	460	22	of	of	ADP
cblr-1726	460	23	interest	interest	NOUN
cblr-1726	460	24	,	,	PUNCT
cblr-1726	460	25	meanwhile	meanwhile	ADV
cblr-1726	460	26	,	,	PUNCT
cblr-1726	460	27	deters	deter	VERB
cblr-1726	460	28	banks	bank	NOUN
cblr-1726	460	29	from	from	ADP
cblr-1726	460	30	relying	rely	VERB
cblr-1726	460	31	on	on	ADP
cblr-1726	460	32	ela	ela	PROPN
cblr-1726	460	33	where	where	SCONJ
cblr-1726	460	34	private	private	ADJ
cblr-1726	460	35	marketbased	marketbase	VERB
cblr-1726	460	36	sources	source	NOUN
cblr-1726	460	37	of	of	ADP
cblr-1726	460	38	short	short	ADJ
cblr-1726	460	39	-	-	PUNCT
cblr-1726	460	40	term	term	NOUN
cblr-1726	460	41	financing	financing	NOUN
cblr-1726	460	42	are	be	AUX
cblr-1726	460	43	available.99	available.99	NOUN
cblr-1726	460	44	finally	finally	ADV
cblr-1726	460	45	,	,	PUNCT
cblr-1726	460	46	as	as	ADP
cblr-1726	460	47	banks	bank	NOUN
cblr-1726	460	48	and	and	CCONJ
cblr-1726	460	49	other	other	ADJ
cblr-1726	460	50	financial	financial	ADJ
cblr-1726	460	51	institutions	institution	NOUN
cblr-1726	460	52	approach	approach	NOUN
cblr-1726	460	53	insolvency	insolvency	NOUN
cblr-1726	460	54	,	,	PUNCT
cblr-1726	460	55	they	they	PRON
cblr-1726	460	56	have	have	VERB
cblr-1726	460	57	a	a	DET
cblr-1726	460	58	natural	natural	ADJ
cblr-1726	460	59	incentive	incentive	NOUN
cblr-1726	460	60	to	to	PART
cblr-1726	460	61	take	take	VERB
cblr-1726	460	62	on	on	ADP
cblr-1726	460	63	more	more	ADJ
cblr-1726	460	64	risk	risk	NOUN
cblr-1726	460	65	.	.	PUNCT
cblr-1726	461	1	the	the	DET
cblr-1726	461	2	requirement	requirement	NOUN
cblr-1726	461	3	that	that	SCONJ
cblr-1726	461	4	ela	ela	PROPN
cblr-1726	461	5	be	be	AUX
cblr-1726	461	6	extended	extend	VERB
cblr-1726	461	7	only	only	ADV
cblr-1726	461	8	to	to	ADP
cblr-1726	461	9	financial	financial	ADJ
cblr-1726	461	10	institutions	institution	NOUN
cblr-1726	461	11	experiencing	experience	VERB
cblr-1726	461	12	temporary	temporary	ADJ
cblr-1726	461	13	liquidity	liquidity	NOUN
cblr-1726	461	14	problems	problem	NOUN
cblr-1726	461	15	thus	thus	ADV
cblr-1726	461	16	ensures	ensure	VERB
cblr-1726	461	17	that	that	SCONJ
cblr-1726	461	18	fundamentally	fundamentally	ADV
cblr-1726	461	19	insolvent	insolvent	ADJ
cblr-1726	461	20	institutions	institution	NOUN
cblr-1726	461	21	do	do	AUX
cblr-1726	461	22	not	not	PART
cblr-1726	461	23	use	use	VERB
cblr-1726	461	24	it	it	PRON
cblr-1726	461	25	in	in	ADP
cblr-1726	461	26	an	an	DET
cblr-1726	461	27	attempt	attempt	NOUN
cblr-1726	461	28	to	to	PART
cblr-1726	461	29	gamble	gamble	VERB
cblr-1726	461	30	for	for	ADP
cblr-1726	461	31	resurrection	resurrection	NOUN
cblr-1726	461	32	.	.	PUNCT
cblr-1726	462	1	ultimately	ultimately	ADV
cblr-1726	462	2	,	,	PUNCT
cblr-1726	462	3	while	while	SCONJ
cblr-1726	462	4	it	it	PRON
cblr-1726	462	5	is	be	AUX
cblr-1726	462	6	debatable	debatable	ADJ
cblr-1726	462	7	whether	whether	SCONJ
cblr-1726	462	8	bagehot	bagehot	NOUN
cblr-1726	462	9	’s	’s	PART
cblr-1726	462	10	dictum	dictum	NOUN
cblr-1726	462	11	is	be	AUX
cblr-1726	462	12	always	always	ADV
cblr-1726	462	13	observed	observe	VERB
cblr-1726	462	14	in	in	ADP
cblr-1726	462	15	practice100	practice100	PROPN
cblr-1726	462	16	—	—	PUNCT
cblr-1726	462	17	and	and	CCONJ
cblr-1726	462	18	while	while	SCONJ
cblr-1726	462	19	it	it	PRON
cblr-1726	462	20	may	may	AUX
cblr-1726	462	21	be	be	AUX
cblr-1726	462	22	a	a	DET
cblr-1726	462	23	challenge	challenge	NOUN
cblr-1726	462	24	to	to	PART
cblr-1726	462	25	calibrate	calibrate	VERB
cblr-1726	462	26	penalty	penalty	NOUN
cblr-1726	462	27	interest	interest	NOUN
cblr-1726	462	28	rates	rate	NOUN
cblr-1726	462	29	,	,	PUNCT
cblr-1726	462	30	define	define	VERB
cblr-1726	462	31	what	what	PRON
cblr-1726	462	32	constitutes	constitute	VERB
cblr-1726	462	33	good	good	ADJ
cblr-1726	462	34	quality	quality	NOUN
cblr-1726	462	35	collateral	collateral	NOUN
cblr-1726	462	36	,	,	PUNCT
cblr-1726	462	37	and	and	CCONJ
cblr-1726	462	38	distinguish	distinguish	VERB
cblr-1726	462	39	between	between	ADP
cblr-1726	462	40	illiquid	illiquid	NOUN
cblr-1726	462	41	and	and	CCONJ
cblr-1726	462	42	insolvent	insolvent	ADJ
cblr-1726	462	43	institutions101	institutions101	PROPN
cblr-1726	462	44	—	—	PUNCT
cblr-1726	462	45	the	the	DET
cblr-1726	462	46	components	component	NOUN
cblr-1726	462	47	of	of	ADP
cblr-1726	462	48	this	this	DET
cblr-1726	462	49	dictum	dictum	NOUN
cblr-1726	462	50	coalesce	coalesce	VERB
cblr-1726	462	51	to	to	PART
cblr-1726	462	52	provide	provide	VERB
cblr-1726	462	53	a	a	DET
cblr-1726	462	54	relatively	relatively	ADV
cblr-1726	462	55	coherent	coherent	ADJ
cblr-1726	462	56	framework	framework	NOUN
cblr-1726	462	57	for	for	ADP
cblr-1726	462	58	understanding	understanding	NOUN
cblr-1726	462	59	when	when	SCONJ
cblr-1726	462	60	and	and	CCONJ
cblr-1726	462	61	how	how	SCONJ
cblr-1726	462	62	central	central	ADJ
cblr-1726	462	63	banks	bank	NOUN
cblr-1726	462	64	should	should	AUX
cblr-1726	462	65	provide	provide	VERB
cblr-1726	462	66	ela	ela	PROPN
cblr-1726	462	67	to	to	ADP
cblr-1726	462	68	banks	bank	NOUN
cblr-1726	462	69	and	and	CCONJ
cblr-1726	462	70	other	other	ADJ
cblr-1726	462	71	financial	financial	ADJ
cblr-1726	462	72	institutions	institution	NOUN
cblr-1726	462	73	.	.	PUNCT
cblr-1726	463	1	over	over	ADP
cblr-1726	463	2	the	the	DET
cblr-1726	463	3	past	past	ADJ
cblr-1726	463	4	decade	decade	NOUN
cblr-1726	463	5	,	,	PUNCT
cblr-1726	463	6	the	the	DET
cblr-1726	463	7	effectiveness	effectiveness	NOUN
cblr-1726	463	8	of	of	ADP
cblr-1726	463	9	conventional	conventional	ADJ
cblr-1726	463	10	ela	ela	PROPN
cblr-1726	463	11	frameworks	framework	NOUN
cblr-1726	463	12	in	in	ADP
cblr-1726	463	13	many	many	ADJ
cblr-1726	463	14	jurisdictions	jurisdiction	NOUN
cblr-1726	463	15	has	have	AUX
cblr-1726	463	16	been	be	AUX
cblr-1726	463	17	tested	test	VERB
cblr-1726	463	18	by	by	ADP
cblr-1726	463	19	the	the	DET
cblr-1726	463	20	emergence	emergence	NOUN
cblr-1726	463	21	and	and	CCONJ
cblr-1726	463	22	growth	growth	NOUN
cblr-1726	463	23	of	of	ADP
cblr-1726	463	24	the	the	DET
cblr-1726	463	25	so	so	ADV
cblr-1726	463	26	-	-	PUNCT
cblr-1726	463	27	called	call	VERB
cblr-1726	463	28	“	"	PUNCT
cblr-1726	463	29	shadow	shadow	NOUN
cblr-1726	463	30	”	"	PUNCT
cblr-1726	463	31	banking	banking	NOUN
cblr-1726	463	32	system102	system102	NOUN
cblr-1726	463	33	:	:	PUNCT
cblr-1726	463	34	non	non	ADJ
cblr-1726	463	35	-	-	ADJ
cblr-1726	463	36	bank	bank	ADJ
cblr-1726	463	37	financial	financial	ADJ
cblr-1726	463	38	intermediaries	intermediary	NOUN
cblr-1726	463	39	that	that	PRON
cblr-1726	463	40	perform	perform	VERB
cblr-1726	463	41	credit	credit	NOUN
cblr-1726	463	42	,	,	PUNCT
cblr-1726	463	43	liquidity	liquidity	NOUN
cblr-1726	463	44	,	,	PUNCT
cblr-1726	463	45	and	and	CCONJ
cblr-1726	463	46	maturity	maturity	NOUN
cblr-1726	463	47	transformation	transformation	NOUN
cblr-1726	463	48	without	without	ADP
cblr-1726	463	49	explicit	explicit	ADJ
cblr-1726	463	50	access	access	NOUN
cblr-1726	463	51	98	98	NUM
cblr-1726	463	52	stanley	stanley	NOUN
cblr-1726	463	53	fischer	fischer	PROPN
cblr-1726	463	54	,	,	PUNCT
cblr-1726	463	55	on	on	ADP
cblr-1726	463	56	the	the	DET
cblr-1726	463	57	need	need	NOUN
cblr-1726	463	58	for	for	ADP
cblr-1726	463	59	an	an	DET
cblr-1726	463	60	international	international	ADJ
cblr-1726	463	61	lender	lender	NOUN
cblr-1726	463	62	of	of	ADP
cblr-1726	463	63	last	last	ADJ
cblr-1726	463	64	resort	resort	NOUN
cblr-1726	463	65	,	,	PUNCT
cblr-1726	463	66	13	13	NUM
cblr-1726	463	67	j.	j.	PROPN
cblr-1726	463	68	econ	econ	PROPN
cblr-1726	463	69	.	.	PUNCT
cblr-1726	464	1	persp	persp	PROPN
cblr-1726	464	2	.	.	PUNCT
cblr-1726	465	1	85	85	NUM
cblr-1726	465	2	,	,	PUNCT
cblr-1726	465	3	90	90	NUM
cblr-1726	465	4	(	(	PUNCT
cblr-1726	465	5	1999	1999	NUM
cblr-1726	465	6	)	)	PUNCT
cblr-1726	465	7	.	.	PUNCT
cblr-1726	466	1	99	99	NUM
cblr-1726	466	2	it	it	PRON
cblr-1726	466	3	also	also	ADV
cblr-1726	466	4	gives	give	VERB
cblr-1726	466	5	banks	bank	NOUN
cblr-1726	466	6	receiving	receive	VERB
cblr-1726	466	7	ela	ela	PROPN
cblr-1726	466	8	a	a	DET
cblr-1726	466	9	strong	strong	ADJ
cblr-1726	466	10	incentive	incentive	NOUN
cblr-1726	466	11	to	to	PART
cblr-1726	466	12	pay	pay	VERB
cblr-1726	466	13	back	back	ADP
cblr-1726	466	14	the	the	DET
cblr-1726	466	15	loans	loan	NOUN
cblr-1726	466	16	as	as	ADV
cblr-1726	466	17	soon	soon	ADV
cblr-1726	466	18	as	as	ADP
cblr-1726	466	19	possible	possible	ADJ
cblr-1726	466	20	.	.	PUNCT
cblr-1726	467	1	100	100	NUM
cblr-1726	467	2	michael	michael	PROPN
cblr-1726	467	3	d.	d.	PROPN
cblr-1726	467	4	bordo	bordo	PROPN
cblr-1726	467	5	,	,	PUNCT
cblr-1726	467	6	for	for	ADP
cblr-1726	467	7	example	example	NOUN
cblr-1726	467	8	,	,	PUNCT
cblr-1726	467	9	points	point	VERB
cblr-1726	467	10	out	out	ADP
cblr-1726	467	11	several	several	ADJ
cblr-1726	467	12	instances	instance	NOUN
cblr-1726	467	13	where	where	SCONJ
cblr-1726	467	14	it	it	PRON
cblr-1726	467	15	appears	appear	VERB
cblr-1726	467	16	bagehot	bagehot	NOUN
cblr-1726	467	17	’s	’s	PART
cblr-1726	467	18	dictum	dictum	NOUN
cblr-1726	467	19	was	be	AUX
cblr-1726	467	20	not	not	PART
cblr-1726	467	21	strictly	strictly	ADV
cblr-1726	467	22	observed	observe	VERB
cblr-1726	467	23	,	,	PUNCT
cblr-1726	467	24	including	include	VERB
cblr-1726	467	25	the	the	DET
cblr-1726	467	26	bailouts	bailout	NOUN
cblr-1726	467	27	of	of	ADP
cblr-1726	467	28	franklin	franklin	PROPN
cblr-1726	467	29	national	national	PROPN
cblr-1726	467	30	(	(	PUNCT
cblr-1726	467	31	1974	1974	NUM
cblr-1726	467	32	)	)	PUNCT
cblr-1726	467	33	,	,	PUNCT
cblr-1726	467	34	first	first	PROPN
cblr-1726	467	35	pennsylvania	pennsylvania	PROPN
cblr-1726	467	36	(	(	PUNCT
cblr-1726	467	37	1980	1980	NUM
cblr-1726	467	38	)	)	PUNCT
cblr-1726	467	39	,	,	PUNCT
cblr-1726	467	40	continental	continental	PROPN
cblr-1726	467	41	illinois	illinois	PROPN
cblr-1726	467	42	(	(	PUNCT
cblr-1726	467	43	1984	1984	NUM
cblr-1726	467	44	)	)	PUNCT
cblr-1726	467	45	,	,	PUNCT
cblr-1726	467	46	and	and	CCONJ
cblr-1726	467	47	johnson	johnson	PROPN
cblr-1726	467	48	matthey	matthey	PROPN
cblr-1726	467	49	bankers	bankers	PROPN
cblr-1726	467	50	(	(	PUNCT
cblr-1726	467	51	1982	1982	NUM
cblr-1726	467	52	)	)	PUNCT
cblr-1726	467	53	.	.	PUNCT
cblr-1726	468	1	michael	michael	PROPN
cblr-1726	468	2	d.	d.	PROPN
cblr-1726	468	3	bordo	bordo	PROPN
cblr-1726	468	4	,	,	PUNCT
cblr-1726	468	5	the	the	DET
cblr-1726	468	6	lender	lender	NOUN
cblr-1726	468	7	of	of	ADP
cblr-1726	468	8	last	last	ADJ
cblr-1726	468	9	resort	resort	NOUN
cblr-1726	468	10	:	:	PUNCT
cblr-1726	468	11	alternative	alternative	ADJ
cblr-1726	468	12	views	view	NOUN
cblr-1726	468	13	and	and	CCONJ
cblr-1726	468	14	historical	historical	ADJ
cblr-1726	468	15	experience	experience	NOUN
cblr-1726	468	16	,	,	PUNCT
cblr-1726	468	17	in	in	ADP
cblr-1726	468	18	financial	financial	ADJ
cblr-1726	468	19	crises	crisis	NOUN
cblr-1726	468	20	,	,	PUNCT
cblr-1726	468	21	contagion	contagion	NOUN
cblr-1726	468	22	,	,	PUNCT
cblr-1726	468	23	and	and	CCONJ
cblr-1726	468	24	the	the	DET
cblr-1726	468	25	lender	lender	NOUN
cblr-1726	468	26	of	of	ADP
cblr-1726	468	27	last	last	ADJ
cblr-1726	468	28	resort	resort	NOUN
cblr-1726	468	29	109	109	NUM
cblr-1726	468	30	,	,	PUNCT
cblr-1726	468	31	122	122	NUM
cblr-1726	468	32	(	(	PUNCT
cblr-1726	468	33	charles	charle	NOUN
cblr-1726	468	34	goodhart	goodhart	PROPN
cblr-1726	468	35	&	&	CCONJ
cblr-1726	468	36	gerhard	gerhard	PROPN
cblr-1726	468	37	illing	ille	VERB
cblr-1726	468	38	eds	ed	NOUN
cblr-1726	468	39	.	.	PROPN
cblr-1726	468	40	,	,	PUNCT
cblr-1726	468	41	2002	2002	NUM
cblr-1726	468	42	)	)	PUNCT
cblr-1726	468	43	.	.	PUNCT
cblr-1726	469	1	101	101	NUM
cblr-1726	469	2	for	for	ADP
cblr-1726	469	3	a	a	DET
cblr-1726	469	4	discussion	discussion	NOUN
cblr-1726	469	5	of	of	ADP
cblr-1726	469	6	these	these	DET
cblr-1726	469	7	challenges	challenge	NOUN
cblr-1726	469	8	,	,	PUNCT
cblr-1726	469	9	see	see	VERB
cblr-1726	469	10	goodhart	goodhart	NOUN
cblr-1726	469	11	,	,	PUNCT
cblr-1726	469	12	supra	supra	PROPN
cblr-1726	469	13	note	note	PROPN
cblr-1726	469	14	92	92	NUM
cblr-1726	469	15	,	,	PUNCT
cblr-1726	469	16	at	at	ADP
cblr-1726	469	17	229–34	229–34	NUM
cblr-1726	469	18	;	;	PUNCT
cblr-1726	469	19	kaufman	kaufman	PROPN
cblr-1726	469	20	,	,	PUNCT
cblr-1726	469	21	supra	supra	PROPN
cblr-1726	469	22	note	note	PROPN
cblr-1726	469	23	78	78	NUM
cblr-1726	469	24	,	,	PUNCT
cblr-1726	469	25	at	at	ADP
cblr-1726	469	26	178–81	178–81	NUM
cblr-1726	469	27	.	.	PUNCT
cblr-1726	470	1	102	102	NUM
cblr-1726	470	2	ricks	rick	NOUN
cblr-1726	470	3	,	,	PUNCT
cblr-1726	470	4	supra	supra	PROPN
cblr-1726	470	5	note	note	NOUN
cblr-1726	470	6	79	79	NUM
cblr-1726	470	7	,	,	PUNCT
cblr-1726	470	8	at	at	ADP
cblr-1726	470	9	160–63	160–63	NUM
cblr-1726	470	10	,	,	PUNCT
cblr-1726	470	11	200–19	200–19	NUM
cblr-1726	470	12	.	.	PUNCT
cblr-1726	470	13	awrey	awrey	PROPN
cblr-1726	470	14	–	–	PUNCT
cblr-1726	470	15	final	final	ADJ
cblr-1726	470	16	no	no	NOUN
cblr-1726	470	17	.	.	PUNCT
cblr-1726	471	1	3:934	3:934	X
cblr-1726	471	2	]	]	X
cblr-1726	471	3	foreign	foreign	ADJ
cblr-1726	471	4	currency	currency	NOUN
cblr-1726	471	5	liquidity	liquidity	NOUN
cblr-1726	471	6	assistance	assistance	NOUN
cblr-1726	471	7	967	967	NUM
cblr-1726	471	8	to	to	ADP
cblr-1726	471	9	ela	ela	PROPN
cblr-1726	471	10	facilities	facility	NOUN
cblr-1726	471	11	or	or	CCONJ
cblr-1726	471	12	other	other	ADJ
cblr-1726	471	13	forms	form	NOUN
cblr-1726	471	14	of	of	ADP
cblr-1726	471	15	state	state	NOUN
cblr-1726	471	16	support.103	support.103	PROPN
cblr-1726	471	17	during	during	ADP
cblr-1726	471	18	the	the	DET
cblr-1726	471	19	global	global	ADJ
cblr-1726	471	20	financial	financial	ADJ
cblr-1726	471	21	crisis	crisis	NOUN
cblr-1726	471	22	of	of	ADP
cblr-1726	471	23	2007–09	2007–09	NOUN
cblr-1726	471	24	,	,	PUNCT
cblr-1726	471	25	for	for	ADP
cblr-1726	471	26	example	example	NOUN
cblr-1726	471	27	,	,	PUNCT
cblr-1726	471	28	the	the	DET
cblr-1726	471	29	federal	federal	PROPN
cblr-1726	471	30	reserve	reserve	PROPN
cblr-1726	471	31	extended	extend	VERB
cblr-1726	471	32	a	a	DET
cblr-1726	471	33	relatively	relatively	ADV
cblr-1726	471	34	small	small	ADJ
cblr-1726	471	35	proportion	proportion	NOUN
cblr-1726	471	36	of	of	ADP
cblr-1726	471	37	its	its	PRON
cblr-1726	471	38	emergency	emergency	NOUN
cblr-1726	471	39	lending	lending	NOUN
cblr-1726	471	40	through	through	ADP
cblr-1726	471	41	its	its	PRON
cblr-1726	471	42	discount	discount	NOUN
cblr-1726	471	43	window.104	window.104	PROPN
cblr-1726	471	44	instead	instead	ADV
cblr-1726	471	45	,	,	PUNCT
cblr-1726	471	46	the	the	DET
cblr-1726	471	47	fed	fed	PROPN
cblr-1726	471	48	was	be	AUX
cblr-1726	471	49	forced	force	VERB
cblr-1726	471	50	to	to	PART
cblr-1726	471	51	introduce	introduce	VERB
cblr-1726	471	52	several	several	ADJ
cblr-1726	471	53	new	new	ADJ
cblr-1726	471	54	emergency	emergency	NOUN
cblr-1726	471	55	lending	lending	NOUN
cblr-1726	471	56	facilities	facility	NOUN
cblr-1726	471	57	designed	design	VERB
cblr-1726	471	58	to	to	PART
cblr-1726	471	59	provide	provide	VERB
cblr-1726	471	60	liquidity	liquidity	NOUN
cblr-1726	471	61	support	support	NOUN
cblr-1726	471	62	to	to	ADP
cblr-1726	471	63	securities	security	NOUN
cblr-1726	471	64	dealers	dealer	NOUN
cblr-1726	471	65	,	,	PUNCT
cblr-1726	471	66	money	money	NOUN
cblr-1726	471	67	market	market	NOUN
cblr-1726	471	68	mutual	mutual	ADJ
cblr-1726	471	69	funds	fund	NOUN
cblr-1726	471	70	,	,	PUNCT
cblr-1726	471	71	and	and	CCONJ
cblr-1726	471	72	the	the	DET
cblr-1726	471	73	tri	tri	ADJ
cblr-1726	471	74	-	-	ADJ
cblr-1726	471	75	party	party	NOUN
cblr-1726	471	76	repo	repo	NOUN
cblr-1726	471	77	,	,	PUNCT
cblr-1726	471	78	assetbacked	assetbacked	ADJ
cblr-1726	471	79	security	security	NOUN
cblr-1726	471	80	,	,	PUNCT
cblr-1726	471	81	and	and	CCONJ
cblr-1726	471	82	asset	asset	NOUN
cblr-1726	471	83	-	-	PUNCT
cblr-1726	471	84	backed	back	VERB
cblr-1726	471	85	commercial	commercial	ADJ
cblr-1726	471	86	paper	paper	NOUN
cblr-1726	471	87	markets.105	markets.105	PROPN
cblr-1726	471	88	it	it	PRON
cblr-1726	471	89	also	also	ADV
cblr-1726	471	90	introduced	introduce	VERB
cblr-1726	471	91	bespoke	bespoke	NOUN
cblr-1726	471	92	facilities	facility	NOUN
cblr-1726	471	93	designed	design	VERB
cblr-1726	471	94	to	to	PART
cblr-1726	471	95	provide	provide	VERB
cblr-1726	471	96	support	support	NOUN
cblr-1726	471	97	to	to	PART
cblr-1726	471	98	systemically	systemically	ADV
cblr-1726	471	99	important	important	ADJ
cblr-1726	471	100	institutions	institution	NOUN
cblr-1726	471	101	such	such	ADJ
cblr-1726	471	102	as	as	ADP
cblr-1726	471	103	bear	bear	NOUN
cblr-1726	471	104	stearns	stearns	PROPN
cblr-1726	471	105	,	,	PUNCT
cblr-1726	471	106	aig	aig	PROPN
cblr-1726	471	107	,	,	PUNCT
cblr-1726	471	108	citigroup	citigroup	NOUN
cblr-1726	471	109	,	,	PUNCT
cblr-1726	471	110	and	and	CCONJ
cblr-1726	471	111	bank	bank	NOUN
cblr-1726	471	112	of	of	ADP
cblr-1726	471	113	america.106	america.106	NOUN
cblr-1726	471	114	importantly	importantly	ADV
cblr-1726	471	115	,	,	PUNCT
cblr-1726	471	116	conventional	conventional	ADJ
cblr-1726	471	117	ela	ela	PROPN
cblr-1726	471	118	frameworks	framework	NOUN
cblr-1726	471	119	were	be	AUX
cblr-1726	471	120	also	also	ADV
cblr-1726	471	121	exposed	expose	VERB
cblr-1726	471	122	by	by	ADP
cblr-1726	471	123	the	the	DET
cblr-1726	471	124	crisis	crisis	NOUN
cblr-1726	471	125	as	as	ADP
cblr-1726	471	126	not	not	PART
cblr-1726	471	127	fit	fit	ADJ
cblr-1726	471	128	for	for	ADP
cblr-1726	471	129	purpose	purpose	NOUN
cblr-1726	471	130	in	in	ADP
cblr-1726	471	131	a	a	DET
cblr-1726	471	132	globally	globally	ADV
cblr-1726	471	133	integrated	integrate	VERB
cblr-1726	471	134	and	and	CCONJ
cblr-1726	471	135	interconnected	interconnected	ADJ
cblr-1726	471	136	financial	financial	ADJ
cblr-1726	471	137	system	system	NOUN
cblr-1726	471	138	in	in	ADP
cblr-1726	471	139	which	which	PRON
cblr-1726	471	140	many	many	ADJ
cblr-1726	471	141	banks	bank	NOUN
cblr-1726	471	142	and	and	CCONJ
cblr-1726	471	143	other	other	ADJ
cblr-1726	471	144	financial	financial	ADJ
cblr-1726	471	145	institutions	institution	NOUN
cblr-1726	471	146	required	require	VERB
cblr-1726	471	147	access	access	NOUN
cblr-1726	471	148	to	to	ADP
cblr-1726	471	149	fcla	fcla	NOUN
cblr-1726	471	150	during	during	ADP
cblr-1726	471	151	periods	period	NOUN
cblr-1726	471	152	of	of	ADP
cblr-1726	471	153	widespread	widespread	ADJ
cblr-1726	471	154	panic	panic	NOUN
cblr-1726	471	155	and	and	CCONJ
cblr-1726	471	156	financial	financial	ADJ
cblr-1726	471	157	instability	instability	NOUN
cblr-1726	471	158	.	.	PUNCT
cblr-1726	472	1	103	103	NUM
cblr-1726	472	2	see	see	VERB
cblr-1726	472	3	zoltan	zoltan	PROPN
cblr-1726	472	4	pozsar	pozsar	PROPN
cblr-1726	472	5	et	et	PROPN
cblr-1726	472	6	al	al	PROPN
cblr-1726	472	7	.	.	PROPN
cblr-1726	472	8	,	,	PUNCT
cblr-1726	472	9	shadow	shadow	PROPN
cblr-1726	472	10	banking	banking	NOUN
cblr-1726	472	11	,	,	PUNCT
cblr-1726	472	12	fed	fed	PROPN
cblr-1726	472	13	.	.	PUNCT
cblr-1726	473	1	res	res	PROPN
cblr-1726	473	2	.	.	PUNCT
cblr-1726	474	1	bank	bank	PROPN
cblr-1726	474	2	n.y	n.y	PROPN
cblr-1726	474	3	.	.	PROPN
cblr-1726	474	4	econ	econ	PROPN
cblr-1726	474	5	.	.	PUNCT
cblr-1726	475	1	pol’y	pol’y	NOUN
cblr-1726	475	2	rev	rev	VERB
cblr-1726	475	3	.	.	PROPN
cblr-1726	475	4	,	,	PUNCT
cblr-1726	475	5	dec	dec	PROPN
cblr-1726	475	6	.	.	PROPN
cblr-1726	475	7	2013	2013	NUM
cblr-1726	475	8	,	,	PUNCT
cblr-1726	475	9	at	at	ADP
cblr-1726	475	10	1	1	NUM
cblr-1726	475	11	(	(	PUNCT
cblr-1726	475	12	defining	define	VERB
cblr-1726	475	13	shadow	shadow	NOUN
cblr-1726	475	14	banks	bank	NOUN
cblr-1726	475	15	as	as	ADP
cblr-1726	475	16	non	non	ADJ
cblr-1726	475	17	-	-	ADJ
cblr-1726	475	18	bank	bank	ADJ
cblr-1726	475	19	financial	financial	ADJ
cblr-1726	475	20	intermediaries	intermediary	NOUN
cblr-1726	475	21	that	that	PRON
cblr-1726	475	22	perform	perform	VERB
cblr-1726	475	23	credit	credit	NOUN
cblr-1726	475	24	,	,	PUNCT
cblr-1726	475	25	liquidity	liquidity	NOUN
cblr-1726	475	26	,	,	PUNCT
cblr-1726	475	27	and	and	CCONJ
cblr-1726	475	28	maturity	maturity	NOUN
cblr-1726	475	29	transformation	transformation	NOUN
cblr-1726	475	30	outside	outside	ADP
cblr-1726	475	31	the	the	DET
cblr-1726	475	32	regulated	regulated	ADJ
cblr-1726	475	33	banking	banking	NOUN
cblr-1726	475	34	system	system	NOUN
cblr-1726	475	35	)	)	PUNCT
cblr-1726	475	36	.	.	PUNCT
cblr-1726	476	1	104	104	NUM
cblr-1726	476	2	see	see	VERB
cblr-1726	476	3	stephen	stephen	PROPN
cblr-1726	476	4	g.	g.	PROPN
cblr-1726	476	5	cecchetti	cecchetti	PROPN
cblr-1726	476	6	,	,	PUNCT
cblr-1726	476	7	crisis	crisis	NOUN
cblr-1726	476	8	and	and	CCONJ
cblr-1726	476	9	responses	response	NOUN
cblr-1726	476	10	:	:	PUNCT
cblr-1726	476	11	the	the	DET
cblr-1726	476	12	federal	federal	PROPN
cblr-1726	476	13	reserve	reserve	PROPN
cblr-1726	476	14	in	in	ADP
cblr-1726	476	15	the	the	DET
cblr-1726	476	16	early	early	ADJ
cblr-1726	476	17	stages	stage	NOUN
cblr-1726	476	18	of	of	ADP
cblr-1726	476	19	the	the	DET
cblr-1726	476	20	financial	financial	ADJ
cblr-1726	476	21	crisis	crisis	NOUN
cblr-1726	476	22	,	,	PUNCT
cblr-1726	476	23	23	23	NUM
cblr-1726	476	24	j.	j.	PROPN
cblr-1726	476	25	econ	econ	PROPN
cblr-1726	476	26	.	.	PUNCT
cblr-1726	477	1	persp	persp	PROPN
cblr-1726	477	2	.	.	PUNCT
cblr-1726	478	1	51	51	NUM
cblr-1726	478	2	,	,	PUNCT
cblr-1726	478	3	55	55	NUM
cblr-1726	478	4	(	(	PUNCT
cblr-1726	478	5	2009	2009	NUM
cblr-1726	478	6	)	)	PUNCT
cblr-1726	478	7	(	(	PUNCT
cblr-1726	478	8	reporting	report	VERB
cblr-1726	478	9	average	average	ADJ
cblr-1726	478	10	borrowing	borrowing	NOUN
cblr-1726	478	11	through	through	ADP
cblr-1726	478	12	the	the	DET
cblr-1726	478	13	discount	discount	NOUN
cblr-1726	478	14	window	window	NOUN
cblr-1726	478	15	of	of	ADP
cblr-1726	478	16	approximately	approximately	ADV
cblr-1726	478	17	one	one	NUM
cblr-1726	478	18	billion	billion	NUM
cblr-1726	478	19	dollars	dollar	NOUN
cblr-1726	478	20	during	during	ADP
cblr-1726	478	21	the	the	DET
cblr-1726	478	22	first	first	ADJ
cblr-1726	478	23	seven	seven	NUM
cblr-1726	478	24	months	month	NOUN
cblr-1726	478	25	of	of	ADP
cblr-1726	478	26	the	the	DET
cblr-1726	478	27	financial	financial	ADJ
cblr-1726	478	28	crisis	crisis	NOUN
cblr-1726	478	29	)	)	PUNCT
cblr-1726	478	30	.	.	PUNCT
cblr-1726	479	1	105	105	NUM
cblr-1726	479	2	these	these	DET
cblr-1726	479	3	facilities	facility	NOUN
cblr-1726	479	4	included	include	VERB
cblr-1726	479	5	the	the	DET
cblr-1726	479	6	term	term	NOUN
cblr-1726	479	7	securities	security	NOUN
cblr-1726	479	8	lending	lending	NOUN
cblr-1726	479	9	facility	facility	NOUN
cblr-1726	479	10	and	and	CCONJ
cblr-1726	479	11	primary	primary	ADJ
cblr-1726	479	12	dealer	dealer	NOUN
cblr-1726	479	13	credit	credit	NOUN
cblr-1726	479	14	facility	facility	NOUN
cblr-1726	479	15	(	(	PUNCT
cblr-1726	479	16	designed	design	VERB
cblr-1726	479	17	to	to	PART
cblr-1726	479	18	support	support	VERB
cblr-1726	479	19	securities	security	NOUN
cblr-1726	479	20	dealers	dealer	NOUN
cblr-1726	479	21	)	)	PUNCT
cblr-1726	479	22	;	;	PUNCT
cblr-1726	479	23	the	the	DET
cblr-1726	479	24	asset	asset	NOUN
cblr-1726	479	25	-	-	PUNCT
cblr-1726	479	26	backed	back	VERB
cblr-1726	479	27	commercial	commercial	ADJ
cblr-1726	479	28	paper	paper	NOUN
cblr-1726	479	29	money	money	NOUN
cblr-1726	479	30	market	market	NOUN
cblr-1726	479	31	mutual	mutual	ADJ
cblr-1726	479	32	fund	fund	NOUN
cblr-1726	479	33	facility	facility	NOUN
cblr-1726	479	34	,	,	PUNCT
cblr-1726	479	35	commercial	commercial	ADJ
cblr-1726	479	36	paper	paper	NOUN
cblr-1726	479	37	funding	funding	NOUN
cblr-1726	479	38	facility	facility	NOUN
cblr-1726	479	39	,	,	PUNCT
cblr-1726	479	40	and	and	CCONJ
cblr-1726	479	41	money	money	NOUN
cblr-1726	479	42	market	market	NOUN
cblr-1726	479	43	investor	investor	NOUN
cblr-1726	479	44	funding	funding	NOUN
cblr-1726	479	45	facility	facility	NOUN
cblr-1726	479	46	(	(	PUNCT
cblr-1726	479	47	designed	design	VERB
cblr-1726	479	48	to	to	PART
cblr-1726	479	49	support	support	VERB
cblr-1726	479	50	money	money	NOUN
cblr-1726	479	51	market	market	NOUN
cblr-1726	479	52	mutual	mutual	ADJ
cblr-1726	479	53	funds	fund	NOUN
cblr-1726	479	54	and	and	CCONJ
cblr-1726	479	55	the	the	DET
cblr-1726	479	56	assetbacked	assetbacke	VERB
cblr-1726	479	57	commercial	commercial	ADJ
cblr-1726	479	58	paper	paper	NOUN
cblr-1726	479	59	market	market	NOUN
cblr-1726	479	60	)	)	PUNCT
cblr-1726	479	61	;	;	PUNCT
cblr-1726	479	62	and	and	CCONJ
cblr-1726	479	63	the	the	DET
cblr-1726	479	64	term	term	NOUN
cblr-1726	479	65	asset	asset	NOUN
cblr-1726	479	66	-	-	PUNCT
cblr-1726	479	67	backed	back	VERB
cblr-1726	479	68	securities	security	NOUN
cblr-1726	479	69	loan	loan	NOUN
cblr-1726	479	70	facility	facility	NOUN
cblr-1726	479	71	(	(	PUNCT
cblr-1726	479	72	designed	design	VERB
cblr-1726	479	73	to	to	PART
cblr-1726	479	74	support	support	VERB
cblr-1726	479	75	the	the	DET
cblr-1726	479	76	asset	asset	NOUN
cblr-1726	479	77	-	-	PUNCT
cblr-1726	479	78	backed	back	VERB
cblr-1726	479	79	security	security	NOUN
cblr-1726	479	80	market	market	NOUN
cblr-1726	479	81	)	)	PUNCT
cblr-1726	479	82	.	.	PUNCT
cblr-1726	480	1	see	see	VERB
cblr-1726	480	2	also	also	ADV
cblr-1726	480	3	judge	judge	VERB
cblr-1726	480	4	,	,	PUNCT
cblr-1726	480	5	supra	supra	PROPN
cblr-1726	480	6	note	note	PROPN
cblr-1726	480	7	93	93	NUM
cblr-1726	480	8	(	(	PUNCT
cblr-1726	480	9	describing	describe	VERB
cblr-1726	480	10	the	the	DET
cblr-1726	480	11	operations	operation	NOUN
cblr-1726	480	12	of	of	ADP
cblr-1726	480	13	the	the	DET
cblr-1726	480	14	federal	federal	PROPN
cblr-1726	480	15	home	home	PROPN
cblr-1726	480	16	loan	loan	PROPN
cblr-1726	480	17	bank	bank	PROPN
cblr-1726	480	18	in	in	ADP
cblr-1726	480	19	providing	provide	VERB
cblr-1726	480	20	support	support	NOUN
cblr-1726	480	21	to	to	ADP
cblr-1726	480	22	banks	bank	NOUN
cblr-1726	480	23	during	during	ADP
cblr-1726	480	24	the	the	DET
cblr-1726	480	25	financial	financial	ADJ
cblr-1726	480	26	crisis	crisis	NOUN
cblr-1726	480	27	)	)	PUNCT
cblr-1726	480	28	.	.	PUNCT
cblr-1726	481	1	106	106	NUM
cblr-1726	481	2	for	for	ADP
cblr-1726	481	3	an	an	DET
cblr-1726	481	4	overview	overview	NOUN
cblr-1726	481	5	of	of	ADP
cblr-1726	481	6	these	these	DET
cblr-1726	481	7	facilities	facility	NOUN
cblr-1726	481	8	,	,	PUNCT
cblr-1726	481	9	see	see	VERB
cblr-1726	481	10	dietrich	dietrich	PROPN
cblr-1726	481	11	domanski	domanski	VERB
cblr-1726	481	12	et	et	PROPN
cblr-1726	481	13	al	al	PROPN
cblr-1726	481	14	.	.	PROPN
cblr-1726	481	15	,	,	PUNCT
cblr-1726	481	16	central	central	ADJ
cblr-1726	481	17	banks	bank	NOUN
cblr-1726	481	18	as	as	ADP
cblr-1726	481	19	lender	lender	NOUN
cblr-1726	481	20	of	of	ADP
cblr-1726	481	21	last	last	ADJ
cblr-1726	481	22	resort	resort	NOUN
cblr-1726	481	23	:	:	PUNCT
cblr-1726	481	24	experiences	experience	NOUN
cblr-1726	481	25	during	during	ADP
cblr-1726	481	26	the	the	DET
cblr-1726	481	27	2007–2010	2007–2010	NUM
cblr-1726	481	28	crisis	crisis	NOUN
cblr-1726	481	29	and	and	CCONJ
cblr-1726	481	30	lessons	lesson	NOUN
cblr-1726	481	31	for	for	ADP
cblr-1726	481	32	the	the	DET
cblr-1726	481	33	future	future	ADJ
cblr-1726	481	34	6	6	NUM
cblr-1726	481	35	-	-	SYM
cblr-1726	481	36	9	9	NUM
cblr-1726	482	1	(	(	PUNCT
cblr-1726	482	2	fed	fed	PROPN
cblr-1726	482	3	.	.	PUNCT
cblr-1726	482	4	reserve	reserve	PROPN
cblr-1726	482	5	bd	bd	PROPN
cblr-1726	482	6	.	.	PROPN
cblr-1726	482	7	,	,	PUNCT
cblr-1726	482	8	washington	washington	PROPN
cblr-1726	482	9	,	,	PUNCT
cblr-1726	482	10	dc	dc	PROPN
cblr-1726	482	11	,	,	PUNCT
cblr-1726	482	12	divs	divs	NOUN
cblr-1726	482	13	.	.	PUNCT
cblr-1726	483	1	of	of	ADP
cblr-1726	483	2	research	research	PROPN
cblr-1726	483	3	&	&	CCONJ
cblr-1726	483	4	statistics	statistic	NOUN
cblr-1726	483	5	and	and	CCONJ
cblr-1726	483	6	monetary	monetary	ADJ
cblr-1726	483	7	affairs	affair	NOUN
cblr-1726	483	8	,	,	PUNCT
cblr-1726	483	9	fin	fin	NOUN
cblr-1726	483	10	.	.	PUNCT
cblr-1726	484	1	and	and	CCONJ
cblr-1726	485	1	econ	econ	PROPN
cblr-1726	485	2	.	.	PUNCT
cblr-1726	486	1	discussion	discussion	NOUN
cblr-1726	486	2	series	series	PROPN
cblr-1726	486	3	no	no	PROPN
cblr-1726	486	4	.	.	PROPN
cblr-1726	486	5	2014	2014	NUM
cblr-1726	486	6	-	-	SYM
cblr-1726	486	7	110	110	NUM
cblr-1726	486	8	,	,	PUNCT
cblr-1726	486	9	2014	2014	NUM
cblr-1726	486	10	)	)	PUNCT
cblr-1726	486	11	.	.	PUNCT
cblr-1726	487	1	awrey	awrey	PROPN
cblr-1726	487	2	–	–	PUNCT
cblr-1726	487	3	final	final	ADJ
cblr-1726	487	4	968	968	NUM
cblr-1726	487	5	columbia	columbia	PROPN
cblr-1726	487	6	business	business	NOUN
cblr-1726	487	7	law	law	PROPN
cblr-1726	487	8	review	review	NOUN
cblr-1726	488	1	[	[	X
cblr-1726	488	2	vol	vol	NOUN
cblr-1726	488	3	.	.	PROPN
cblr-1726	488	4	2017	2017	NUM
cblr-1726	488	5	b.	b.	PROPN
cblr-1726	489	1	the	the	DET
cblr-1726	489	2	problem	problem	NOUN
cblr-1726	489	3	of	of	ADP
cblr-1726	489	4	fcla	fcla	NOUN
cblr-1726	489	5	the	the	DET
cblr-1726	489	6	core	core	ADJ
cblr-1726	489	7	principles	principle	NOUN
cblr-1726	489	8	of	of	ADP
cblr-1726	489	9	financial	financial	ADJ
cblr-1726	489	10	crisis	crisis	NOUN
cblr-1726	489	11	management	management	NOUN
cblr-1726	489	12	envision	envision	NOUN
cblr-1726	489	13	that	that	SCONJ
cblr-1726	489	14	the	the	DET
cblr-1726	489	15	central	central	ADJ
cblr-1726	489	16	banks	bank	NOUN
cblr-1726	489	17	responsible	responsible	ADJ
cblr-1726	489	18	for	for	ADP
cblr-1726	489	19	providing	provide	VERB
cblr-1726	489	20	ela	ela	PROPN
cblr-1726	489	21	will	will	AUX
cblr-1726	489	22	possess	possess	VERB
cblr-1726	489	23	several	several	ADJ
cblr-1726	489	24	key	key	ADJ
cblr-1726	489	25	attributes	attribute	NOUN
cblr-1726	489	26	.	.	PUNCT
cblr-1726	490	1	the	the	DET
cblr-1726	490	2	first	first	ADJ
cblr-1726	490	3	and	and	CCONJ
cblr-1726	490	4	most	most	ADV
cblr-1726	490	5	important	important	ADJ
cblr-1726	490	6	attribute	attribute	NOUN
cblr-1726	490	7	is	be	AUX
cblr-1726	490	8	the	the	DET
cblr-1726	490	9	capacity	capacity	NOUN
cblr-1726	490	10	to	to	PART
cblr-1726	490	11	issue	issue	VERB
cblr-1726	490	12	an	an	DET
cblr-1726	490	13	unlimited	unlimited	ADJ
cblr-1726	490	14	stock	stock	NOUN
cblr-1726	490	15	of	of	ADP
cblr-1726	490	16	liabilities	liability	NOUN
cblr-1726	490	17	that	that	PRON
cblr-1726	490	18	are	be	AUX
cblr-1726	490	19	universally	universally	ADV
cblr-1726	490	20	accepted	accept	VERB
cblr-1726	490	21	as	as	ADP
cblr-1726	490	22	a	a	DET
cblr-1726	490	23	form	form	NOUN
cblr-1726	490	24	of	of	ADP
cblr-1726	490	25	money	money	NOUN
cblr-1726	490	26	within	within	ADP
cblr-1726	490	27	the	the	DET
cblr-1726	490	28	domestic	domestic	ADJ
cblr-1726	490	29	economy.107	economy.107	NOUN
cblr-1726	490	30	the	the	DET
cblr-1726	490	31	defining	define	VERB
cblr-1726	490	32	feature	feature	NOUN
cblr-1726	490	33	of	of	ADP
cblr-1726	490	34	the	the	DET
cblr-1726	490	35	federal	federal	PROPN
cblr-1726	490	36	reserve	reserve	PROPN
cblr-1726	490	37	is	be	AUX
cblr-1726	490	38	that	that	SCONJ
cblr-1726	490	39	it	it	PRON
cblr-1726	490	40	can	can	AUX
cblr-1726	490	41	print	print	VERB
cblr-1726	490	42	u.s	u.s	PROPN
cblr-1726	490	43	.	.	PROPN
cblr-1726	490	44	dollars	dollar	NOUN
cblr-1726	490	45	,	,	PUNCT
cblr-1726	490	46	the	the	DET
cblr-1726	490	47	bank	bank	NOUN
cblr-1726	490	48	of	of	ADP
cblr-1726	490	49	england	england	PROPN
cblr-1726	490	50	that	that	SCONJ
cblr-1726	490	51	it	it	PRON
cblr-1726	490	52	can	can	AUX
cblr-1726	490	53	print	print	VERB
cblr-1726	490	54	pound	pound	NOUN
cblr-1726	490	55	sterling	sterling	NOUN
cblr-1726	490	56	.	.	PUNCT
cblr-1726	491	1	these	these	DET
cblr-1726	491	2	central	central	ADJ
cblr-1726	491	3	bank	bank	NOUN
cblr-1726	491	4	liabilities	liability	NOUN
cblr-1726	491	5	are	be	AUX
cblr-1726	491	6	implicitly	implicitly	ADV
cblr-1726	491	7	backed	back	VERB
cblr-1726	491	8	by	by	ADP
cblr-1726	491	9	the	the	DET
cblr-1726	491	10	government	government	NOUN
cblr-1726	491	11	’s	’s	PART
cblr-1726	491	12	authority	authority	NOUN
cblr-1726	491	13	to	to	PART
cblr-1726	491	14	raise	raise	VERB
cblr-1726	491	15	and	and	CCONJ
cblr-1726	491	16	collect	collect	VERB
cblr-1726	491	17	taxes	taxis	NOUN
cblr-1726	491	18	,	,	PUNCT
cblr-1726	491	19	and	and	CCONJ
cblr-1726	491	20	to	to	PART
cblr-1726	491	21	dictate	dictate	VERB
cblr-1726	491	22	that	that	SCONJ
cblr-1726	491	23	these	these	DET
cblr-1726	491	24	taxes	taxis	NOUN
cblr-1726	491	25	be	be	AUX
cblr-1726	491	26	paid	pay	VERB
cblr-1726	491	27	in	in	ADP
cblr-1726	491	28	the	the	DET
cblr-1726	491	29	domestic	domestic	ADJ
cblr-1726	491	30	currency	currency	NOUN
cblr-1726	491	31	.	.	PUNCT
cblr-1726	492	1	second	second	ADJ
cblr-1726	492	2	,	,	PUNCT
cblr-1726	492	3	central	central	ADJ
cblr-1726	492	4	banks	bank	NOUN
cblr-1726	492	5	must	must	AUX
cblr-1726	492	6	have	have	VERB
cblr-1726	492	7	the	the	DET
cblr-1726	492	8	legal	legal	ADJ
cblr-1726	492	9	authority	authority	NOUN
cblr-1726	492	10	to	to	PART
cblr-1726	492	11	use	use	VERB
cblr-1726	492	12	these	these	DET
cblr-1726	492	13	central	central	ADJ
cblr-1726	492	14	bank	bank	NOUN
cblr-1726	492	15	liabilities	liability	NOUN
cblr-1726	492	16	to	to	PART
cblr-1726	492	17	extend	extend	VERB
cblr-1726	492	18	loans	loan	NOUN
cblr-1726	492	19	or	or	CCONJ
cblr-1726	492	20	purchase	purchase	NOUN
cblr-1726	492	21	assets	asset	NOUN
cblr-1726	492	22	denominated	denominate	VERB
cblr-1726	492	23	in	in	ADP
cblr-1726	492	24	the	the	DET
cblr-1726	492	25	domestic	domestic	ADJ
cblr-1726	492	26	currency	currency	NOUN
cblr-1726	492	27	for	for	ADP
cblr-1726	492	28	the	the	DET
cblr-1726	492	29	purpose	purpose	NOUN
cblr-1726	492	30	of	of	ADP
cblr-1726	492	31	providing	provide	VERB
cblr-1726	492	32	ela	ela	PROPN
cblr-1726	492	33	.	.	PROPN
cblr-1726	493	1	third	third	ADJ
cblr-1726	493	2	,	,	PUNCT
cblr-1726	493	3	central	central	ADJ
cblr-1726	493	4	banks	bank	NOUN
cblr-1726	493	5	must	must	AUX
cblr-1726	493	6	have	have	VERB
cblr-1726	493	7	operational	operational	ADJ
cblr-1726	493	8	frameworks	framework	NOUN
cblr-1726	493	9	in	in	ADP
cblr-1726	493	10	place	place	NOUN
cblr-1726	493	11	that	that	PRON
cblr-1726	493	12	enable	enable	VERB
cblr-1726	493	13	them	they	PRON
cblr-1726	493	14	to	to	PART
cblr-1726	493	15	extend	extend	VERB
cblr-1726	493	16	ela	ela	PROPN
cblr-1726	493	17	extremely	extremely	ADV
cblr-1726	493	18	rapidly	rapidly	ADV
cblr-1726	493	19	—	—	PUNCT
cblr-1726	493	20	typically	typically	ADV
cblr-1726	493	21	within	within	ADP
cblr-1726	493	22	a	a	DET
cblr-1726	493	23	matter	matter	NOUN
cblr-1726	493	24	of	of	ADP
cblr-1726	493	25	days	day	NOUN
cblr-1726	493	26	,	,	PUNCT
cblr-1726	493	27	if	if	SCONJ
cblr-1726	493	28	not	not	PART
cblr-1726	493	29	hours	hour	NOUN
cblr-1726	493	30	,	,	PUNCT
cblr-1726	493	31	from	from	ADP
cblr-1726	493	32	the	the	DET
cblr-1726	493	33	moment	moment	NOUN
cblr-1726	493	34	at	at	ADP
cblr-1726	493	35	which	which	PRON
cblr-1726	493	36	it	it	PRON
cblr-1726	493	37	has	have	AUX
cblr-1726	493	38	been	be	AUX
cblr-1726	493	39	determined	determine	VERB
cblr-1726	493	40	that	that	SCONJ
cblr-1726	493	41	ela	ela	PROPN
cblr-1726	493	42	is	be	AUX
cblr-1726	493	43	necessary	necessary	ADJ
cblr-1726	493	44	in	in	ADP
cblr-1726	493	45	order	order	NOUN
cblr-1726	493	46	to	to	PART
cblr-1726	493	47	maintain	maintain	VERB
cblr-1726	493	48	or	or	CCONJ
cblr-1726	493	49	restore	restore	VERB
cblr-1726	493	50	financial	financial	ADJ
cblr-1726	493	51	stability	stability	NOUN
cblr-1726	493	52	.	.	PUNCT
cblr-1726	494	1	these	these	DET
cblr-1726	494	2	key	key	ADJ
cblr-1726	494	3	attributes	attribute	NOUN
cblr-1726	494	4	highlight	highlight	VERB
cblr-1726	494	5	the	the	DET
cblr-1726	494	6	fact	fact	NOUN
cblr-1726	494	7	that	that	SCONJ
cblr-1726	494	8	conventional	conventional	ADJ
cblr-1726	494	9	ela	ela	PROPN
cblr-1726	494	10	frameworks	framework	NOUN
cblr-1726	494	11	are	be	AUX
cblr-1726	494	12	designed	design	VERB
cblr-1726	494	13	to	to	PART
cblr-1726	494	14	provide	provide	VERB
cblr-1726	494	15	liquidity	liquidity	NOUN
cblr-1726	494	16	support	support	NOUN
cblr-1726	494	17	to	to	ADP
cblr-1726	494	18	banks	bank	NOUN
cblr-1726	494	19	and	and	CCONJ
cblr-1726	494	20	other	other	ADJ
cblr-1726	494	21	financial	financial	ADJ
cblr-1726	494	22	institutions	institution	NOUN
cblr-1726	494	23	that	that	PRON
cblr-1726	494	24	raise	raise	VERB
cblr-1726	494	25	capital	capital	NOUN
cblr-1726	494	26	and	and	CCONJ
cblr-1726	494	27	make	make	VERB
cblr-1726	494	28	investments	investment	NOUN
cblr-1726	494	29	denominated	denominate	VERB
cblr-1726	494	30	in	in	ADP
cblr-1726	494	31	the	the	DET
cblr-1726	494	32	domestic	domestic	ADJ
cblr-1726	494	33	currency	currency	NOUN
cblr-1726	494	34	.	.	PUNCT
cblr-1726	495	1	but	but	CCONJ
cblr-1726	495	2	what	what	PRON
cblr-1726	495	3	about	about	ADP
cblr-1726	495	4	financial	financial	ADJ
cblr-1726	495	5	institutions	institution	NOUN
cblr-1726	495	6	that	that	PRON
cblr-1726	495	7	raise	raise	VERB
cblr-1726	495	8	capital	capital	NOUN
cblr-1726	495	9	and	and	CCONJ
cblr-1726	495	10	make	make	VERB
cblr-1726	495	11	investments	investment	NOUN
cblr-1726	495	12	in	in	ADP
cblr-1726	495	13	foreign	foreign	ADJ
cblr-1726	495	14	currencies	currency	NOUN
cblr-1726	495	15	?	?	PUNCT
cblr-1726	496	1	in	in	ADP
cblr-1726	496	2	short	short	ADJ
cblr-1726	496	3	:	:	PUNCT
cblr-1726	496	4	what	what	PRON
cblr-1726	496	5	about	about	ADP
cblr-1726	496	6	the	the	DET
cblr-1726	496	7	eurodollar	eurodollar	ADJ
cblr-1726	496	8	market	market	NOUN
cblr-1726	496	9	?	?	PUNCT
cblr-1726	497	1	where	where	SCONJ
cblr-1726	497	2	financial	financial	ADJ
cblr-1726	497	3	institutions	institution	NOUN
cblr-1726	497	4	that	that	PRON
cblr-1726	497	5	rely	rely	VERB
cblr-1726	497	6	heavily	heavily	ADV
cblr-1726	497	7	on	on	ADP
cblr-1726	497	8	the	the	DET
cblr-1726	497	9	eurodollar	eurodollar	PROPN
cblr-1726	497	10	market	market	NOUN
cblr-1726	497	11	as	as	ADP
cblr-1726	497	12	a	a	DET
cblr-1726	497	13	source	source	NOUN
cblr-1726	497	14	of	of	ADP
cblr-1726	497	15	financing	financing	NOUN
cblr-1726	497	16	also	also	ADV
cblr-1726	497	17	perform	perform	VERB
cblr-1726	497	18	significant	significant	ADJ
cblr-1726	497	19	levels	level	NOUN
cblr-1726	497	20	of	of	ADP
cblr-1726	497	21	credit	credit	NOUN
cblr-1726	497	22	,	,	PUNCT
cblr-1726	497	23	liquidity	liquidity	NOUN
cblr-1726	497	24	,	,	PUNCT
cblr-1726	497	25	and	and	CCONJ
cblr-1726	497	26	maturity	maturity	NOUN
cblr-1726	497	27	transformation	transformation	NOUN
cblr-1726	497	28	,	,	PUNCT
cblr-1726	497	29	these	these	DET
cblr-1726	497	30	institutions	institution	NOUN
cblr-1726	497	31	will	will	AUX
cblr-1726	497	32	be	be	AUX
cblr-1726	497	33	susceptible	susceptible	ADJ
cblr-1726	497	34	to	to	ADP
cblr-1726	497	35	destabilizing	destabilizing	ADJ
cblr-1726	497	36	runs	run	NOUN
cblr-1726	497	37	by	by	ADP
cblr-1726	497	38	depositors	depositor	NOUN
cblr-1726	497	39	and	and	CCONJ
cblr-1726	497	40	other	other	ADJ
cblr-1726	497	41	short	short	ADJ
cblr-1726	497	42	-	-	PUNCT
cblr-1726	497	43	term	term	NOUN
cblr-1726	497	44	creditors	creditor	NOUN
cblr-1726	497	45	.	.	PUNCT
cblr-1726	498	1	as	as	SCONJ
cblr-1726	498	2	we	we	PRON
cblr-1726	498	3	have	have	AUX
cblr-1726	498	4	seen	see	VERB
cblr-1726	498	5	,	,	PUNCT
cblr-1726	498	6	these	these	DET
cblr-1726	498	7	runs	run	NOUN
cblr-1726	498	8	can	can	AUX
cblr-1726	498	9	escalate	escalate	VERB
cblr-1726	498	10	into	into	ADP
cblr-1726	498	11	broader	broad	ADJ
cblr-1726	498	12	contractions	contraction	NOUN
cblr-1726	498	13	in	in	ADP
cblr-1726	498	14	the	the	DET
cblr-1726	498	15	money	money	NOUN
cblr-1726	498	16	supply	supply	NOUN
cblr-1726	498	17	within	within	ADP
cblr-1726	498	18	the	the	DET
cblr-1726	498	19	domestic	domestic	ADJ
cblr-1726	498	20	financial	financial	ADJ
cblr-1726	498	21	system	system	NOUN
cblr-1726	498	22	.	.	PUNCT
cblr-1726	499	1	the	the	DET
cblr-1726	499	2	key	key	ADJ
cblr-1726	499	3	difference	difference	NOUN
cblr-1726	499	4	in	in	ADP
cblr-1726	499	5	this	this	DET
cblr-1726	499	6	case	case	NOUN
cblr-1726	499	7	is	be	AUX
cblr-1726	499	8	that	that	SCONJ
cblr-1726	499	9	these	these	DET
cblr-1726	499	10	runs	run	NOUN
cblr-1726	499	11	will	will	AUX
cblr-1726	499	12	take	take	VERB
cblr-1726	499	13	107	107	NUM
cblr-1726	499	14	anna	anna	PROPN
cblr-1726	499	15	j.	j.	PROPN
cblr-1726	499	16	schwartz	schwartz	PROPN
cblr-1726	499	17	,	,	PUNCT
cblr-1726	499	18	earmarks	earmark	NOUN
cblr-1726	499	19	of	of	ADP
cblr-1726	499	20	a	a	DET
cblr-1726	499	21	lender	lender	NOUN
cblr-1726	499	22	of	of	ADP
cblr-1726	499	23	last	last	ADJ
cblr-1726	499	24	resort	resort	NOUN
cblr-1726	499	25	,	,	PUNCT
cblr-1726	499	26	in	in	ADP
cblr-1726	499	27	financial	financial	ADJ
cblr-1726	499	28	crises	crisis	NOUN
cblr-1726	499	29	,	,	PUNCT
cblr-1726	499	30	contagion	contagion	NOUN
cblr-1726	499	31	,	,	PUNCT
cblr-1726	499	32	and	and	CCONJ
cblr-1726	499	33	the	the	DET
cblr-1726	499	34	lender	lender	NOUN
cblr-1726	499	35	of	of	ADP
cblr-1726	499	36	last	last	ADJ
cblr-1726	499	37	resort	resort	NOUN
cblr-1726	499	38	449	449	NUM
cblr-1726	499	39	,	,	PUNCT
cblr-1726	499	40	454–55	454–55	NUM
cblr-1726	499	41	(	(	PUNCT
cblr-1726	499	42	charles	charles	PROPN
cblr-1726	499	43	goodhart	goodhart	PROPN
cblr-1726	499	44	&	&	CCONJ
cblr-1726	499	45	gerhard	gerhard	PROPN
cblr-1726	499	46	illing	ille	VERB
cblr-1726	499	47	eds	ed	NOUN
cblr-1726	499	48	.	.	PROPN
cblr-1726	499	49	,	,	PUNCT
cblr-1726	499	50	2002	2002	NUM
cblr-1726	499	51	)	)	PUNCT
cblr-1726	499	52	.	.	PUNCT
cblr-1726	500	1	awrey	awrey	PROPN
cblr-1726	500	2	–	–	PUNCT
cblr-1726	500	3	final	final	ADJ
cblr-1726	500	4	no	no	NOUN
cblr-1726	500	5	.	.	PUNCT
cblr-1726	501	1	3:934	3:934	X
cblr-1726	501	2	]	]	X
cblr-1726	501	3	foreign	foreign	ADJ
cblr-1726	501	4	currency	currency	NOUN
cblr-1726	501	5	liquidity	liquidity	NOUN
cblr-1726	501	6	assistance	assistance	NOUN
cblr-1726	501	7	969	969	NUM
cblr-1726	501	8	place	place	NOUN
cblr-1726	501	9	in	in	ADP
cblr-1726	501	10	foreign	foreign	ADJ
cblr-1726	501	11	currency.108	currency.108	NOUN
cblr-1726	501	12	this	this	DET
cblr-1726	501	13	fairly	fairly	ADV
cblr-1726	501	14	benign	benign	ADJ
cblr-1726	501	15	observation	observation	NOUN
cblr-1726	501	16	exposes	expose	VERB
cblr-1726	501	17	the	the	DET
cblr-1726	501	18	fundamental	fundamental	ADJ
cblr-1726	501	19	problem	problem	NOUN
cblr-1726	501	20	of	of	ADP
cblr-1726	501	21	fcla	fcla	NOUN
cblr-1726	501	22	:	:	PUNCT
cblr-1726	501	23	central	central	ADJ
cblr-1726	501	24	banks	bank	NOUN
cblr-1726	501	25	only	only	ADV
cblr-1726	501	26	have	have	VERB
cblr-1726	501	27	the	the	DET
cblr-1726	501	28	capacity	capacity	NOUN
cblr-1726	501	29	to	to	PART
cblr-1726	501	30	print	print	VERB
cblr-1726	501	31	money	money	NOUN
cblr-1726	501	32	denominated	denominate	VERB
cblr-1726	501	33	in	in	ADP
cblr-1726	501	34	their	their	PRON
cblr-1726	501	35	own	own	ADJ
cblr-1726	501	36	currency	currency	NOUN
cblr-1726	501	37	.	.	PUNCT
cblr-1726	502	1	the	the	DET
cblr-1726	502	2	bank	bank	PROPN
cblr-1726	502	3	of	of	ADP
cblr-1726	502	4	england	england	PROPN
cblr-1726	502	5	can	can	AUX
cblr-1726	502	6	not	not	PART
cblr-1726	502	7	print	print	VERB
cblr-1726	502	8	new	new	ADJ
cblr-1726	502	9	u.s	u.s	PROPN
cblr-1726	502	10	.	.	PROPN
cblr-1726	502	11	dollars	dollar	NOUN
cblr-1726	502	12	any	any	PRON
cblr-1726	502	13	more	more	ADJ
cblr-1726	502	14	than	than	SCONJ
cblr-1726	502	15	the	the	DET
cblr-1726	502	16	federal	federal	PROPN
cblr-1726	502	17	reserve	reserve	PROPN
cblr-1726	502	18	can	can	AUX
cblr-1726	502	19	print	print	VERB
cblr-1726	502	20	pound	pound	NOUN
cblr-1726	502	21	sterling.109	sterling.109	VERB
cblr-1726	502	22	nor	nor	CCONJ
cblr-1726	502	23	can	can	AUX
cblr-1726	502	24	these	these	DET
cblr-1726	502	25	central	central	ADJ
cblr-1726	502	26	banks	bank	NOUN
cblr-1726	502	27	force	force	VERB
cblr-1726	502	28	foreign	foreign	ADJ
cblr-1726	502	29	currency	currency	NOUN
cblr-1726	502	30	creditors	creditor	NOUN
cblr-1726	502	31	to	to	PART
cblr-1726	502	32	accept	accept	VERB
cblr-1726	502	33	payment	payment	NOUN
cblr-1726	502	34	in	in	ADP
cblr-1726	502	35	the	the	DET
cblr-1726	502	36	domestic	domestic	ADJ
cblr-1726	502	37	currency.110	currency.110	NOUN
cblr-1726	502	38	accordingly	accordingly	ADV
cblr-1726	502	39	,	,	PUNCT
cblr-1726	502	40	where	where	SCONJ
cblr-1726	502	41	financial	financial	ADJ
cblr-1726	502	42	institutions	institution	NOUN
cblr-1726	502	43	rely	rely	VERB
cblr-1726	502	44	extensively	extensively	ADV
cblr-1726	502	45	on	on	ADP
cblr-1726	502	46	short	short	ADJ
cblr-1726	502	47	-	-	PUNCT
cblr-1726	502	48	term	term	NOUN
cblr-1726	502	49	foreign	foreign	ADJ
cblr-1726	502	50	currency	currency	NOUN
cblr-1726	502	51	financing	financing	NOUN
cblr-1726	502	52	,	,	PUNCT
cblr-1726	502	53	central	central	ADJ
cblr-1726	502	54	banks	bank	NOUN
cblr-1726	502	55	will	will	AUX
cblr-1726	502	56	lack	lack	VERB
cblr-1726	502	57	the	the	DET
cblr-1726	502	58	ability	ability	NOUN
cblr-1726	502	59	to	to	PART
cblr-1726	502	60	create	create	VERB
cblr-1726	502	61	the	the	DET
cblr-1726	502	62	critical	critical	ADJ
cblr-1726	502	63	resource	resource	NOUN
cblr-1726	502	64	needed	need	VERB
cblr-1726	502	65	to	to	PART
cblr-1726	502	66	provide	provide	VERB
cblr-1726	502	67	ela	ela	PROPN
cblr-1726	502	68	to	to	ADP
cblr-1726	502	69	the	the	DET
cblr-1726	502	70	domestic	domestic	ADJ
cblr-1726	502	71	financial	financial	ADJ
cblr-1726	502	72	system	system	NOUN
cblr-1726	502	73	.	.	PUNCT
cblr-1726	503	1	there	there	PRON
cblr-1726	503	2	are	be	VERB
cblr-1726	503	3	several	several	ADJ
cblr-1726	503	4	ways	way	NOUN
cblr-1726	503	5	that	that	PRON
cblr-1726	503	6	central	central	ADJ
cblr-1726	503	7	banks	bank	NOUN
cblr-1726	503	8	can	can	AUX
cblr-1726	503	9	theoretically	theoretically	ADV
cblr-1726	503	10	secure	secure	VERB
cblr-1726	503	11	access	access	NOUN
cblr-1726	503	12	to	to	ADP
cblr-1726	503	13	foreign	foreign	ADJ
cblr-1726	503	14	currency	currency	NOUN
cblr-1726	503	15	for	for	ADP
cblr-1726	503	16	the	the	DET
cblr-1726	503	17	purpose	purpose	NOUN
cblr-1726	503	18	of	of	ADP
cblr-1726	503	19	providing	provide	VERB
cblr-1726	503	20	fcla	fcla	NOUN
cblr-1726	503	21	.	.	PUNCT
cblr-1726	504	1	the	the	DET
cblr-1726	504	2	first	first	ADJ
cblr-1726	504	3	option	option	NOUN
cblr-1726	504	4	is	be	AUX
cblr-1726	504	5	to	to	PART
cblr-1726	504	6	accumulate	accumulate	VERB
cblr-1726	504	7	foreign	foreign	ADJ
cblr-1726	504	8	currency	currency	NOUN
cblr-1726	504	9	reserves	reserve	NOUN
cblr-1726	504	10	in	in	ADP
cblr-1726	504	11	denominations	denomination	NOUN
cblr-1726	504	12	and	and	CCONJ
cblr-1726	504	13	amounts	amount	NOUN
cblr-1726	504	14	that	that	PRON
cblr-1726	504	15	reflect	reflect	VERB
cblr-1726	504	16	the	the	DET
cblr-1726	504	17	composition	composition	NOUN
cblr-1726	504	18	of	of	ADP
cblr-1726	504	19	the	the	DET
cblr-1726	504	20	domestic	domestic	ADJ
cblr-1726	504	21	financial	financial	ADJ
cblr-1726	504	22	system	system	NOUN
cblr-1726	504	23	’s	’s	PART
cblr-1726	504	24	short	short	ADJ
cblr-1726	504	25	-	-	PUNCT
cblr-1726	504	26	term	term	NOUN
cblr-1726	504	27	foreign	foreign	ADJ
cblr-1726	504	28	currency	currency	NOUN
cblr-1726	504	29	liabilities	liability	NOUN
cblr-1726	504	30	.	.	PUNCT
cblr-1726	505	1	this	this	DET
cblr-1726	505	2	option	option	NOUN
cblr-1726	505	3	is	be	AUX
cblr-1726	505	4	essentially	essentially	ADV
cblr-1726	505	5	a	a	DET
cblr-1726	505	6	form	form	NOUN
cblr-1726	505	7	of	of	ADP
cblr-1726	505	8	self	self	NOUN
cblr-1726	505	9	-	-	PUNCT
cblr-1726	505	10	insurance	insurance	NOUN
cblr-1726	505	11	against	against	ADP
cblr-1726	505	12	the	the	DET
cblr-1726	505	13	prospect	prospect	NOUN
cblr-1726	505	14	of	of	ADP
cblr-1726	505	15	eventually	eventually	ADV
cblr-1726	505	16	having	have	VERB
cblr-1726	505	17	to	to	PART
cblr-1726	505	18	provide	provide	VERB
cblr-1726	505	19	fcla	fcla	NOUN
cblr-1726	505	20	.	.	PUNCT
cblr-1726	506	1	however	however	ADV
cblr-1726	506	2	,	,	PUNCT
cblr-1726	506	3	while	while	SCONJ
cblr-1726	506	4	this	this	DET
cblr-1726	506	5	option	option	NOUN
cblr-1726	506	6	may	may	AUX
cblr-1726	506	7	seem	seem	VERB
cblr-1726	506	8	relatively	relatively	ADV
cblr-1726	506	9	straightforward	straightforward	ADJ
cblr-1726	506	10	,	,	PUNCT
cblr-1726	506	11	it	it	PRON
cblr-1726	506	12	is	be	AUX
cblr-1726	506	13	also	also	ADV
cblr-1726	506	14	potentially	potentially	ADV
cblr-1726	506	15	costly	costly	ADJ
cblr-1726	506	16	and	and	CCONJ
cblr-1726	506	17	distortive	distortive	ADJ
cblr-1726	506	18	.	.	PUNCT
cblr-1726	507	1	as	as	ADP
cblr-1726	507	2	a	a	DET
cblr-1726	507	3	preliminary	preliminary	ADJ
cblr-1726	507	4	matter	matter	NOUN
cblr-1726	507	5	,	,	PUNCT
cblr-1726	507	6	central	central	ADJ
cblr-1726	507	7	banks	bank	NOUN
cblr-1726	507	8	pursuing	pursue	VERB
cblr-1726	507	9	this	this	DET
cblr-1726	507	10	option	option	NOUN
cblr-1726	507	11	will	will	AUX
cblr-1726	507	12	be	be	AUX
cblr-1726	507	13	exposed	expose	VERB
cblr-1726	507	14	to	to	ADP
cblr-1726	507	15	fluctuations	fluctuation	NOUN
cblr-1726	507	16	in	in	ADP
cblr-1726	507	17	the	the	DET
cblr-1726	507	18	exchange	exchange	NOUN
cblr-1726	507	19	rate	rate	NOUN
cblr-1726	507	20	between	between	ADP
cblr-1726	507	21	the	the	DET
cblr-1726	507	22	domestic	domestic	ADJ
cblr-1726	507	23	and	and	CCONJ
cblr-1726	507	24	foreign	foreign	ADJ
cblr-1726	507	25	currencies.111	currencies.111	NOUN
cblr-1726	507	26	in	in	ADP
cblr-1726	507	27	order	order	NOUN
cblr-1726	507	28	to	to	PART
cblr-1726	507	29	limit	limit	VERB
cblr-1726	507	30	the	the	DET
cblr-1726	507	31	effects	effect	NOUN
cblr-1726	507	32	of	of	ADP
cblr-1726	507	33	accumulating	accumulate	VERB
cblr-1726	507	34	foreign	foreign	ADJ
cblr-1726	507	35	reserves	reserve	NOUN
cblr-1726	507	36	on	on	ADP
cblr-1726	507	37	the	the	DET
cblr-1726	507	38	domestic	domestic	ADJ
cblr-1726	507	39	money	money	NOUN
cblr-1726	507	40	supply	supply	NOUN
cblr-1726	507	41	,	,	PUNCT
cblr-1726	507	42	central	central	ADJ
cblr-1726	507	43	banks	bank	NOUN
cblr-1726	507	44	may	may	AUX
cblr-1726	507	45	also	also	ADV
cblr-1726	507	46	need	need	VERB
cblr-1726	507	47	to	to	PART
cblr-1726	507	48	undertake	undertake	VERB
cblr-1726	507	49	so	so	ADV
cblr-1726	507	50	-	-	PUNCT
cblr-1726	507	51	called	call	VERB
cblr-1726	507	52	“	"	PUNCT
cblr-1726	507	53	sterilization	sterilization	NOUN
cblr-1726	507	54	”	"	PUNCT
cblr-1726	507	55	measures	measure	NOUN
cblr-1726	507	56	:	:	PUNCT
cblr-1726	507	57	for	for	ADP
cblr-1726	507	58	example	example	NOUN
cblr-1726	507	59	,	,	PUNCT
cblr-1726	507	60	selling	sell	VERB
cblr-1726	507	61	government	government	NOUN
cblr-1726	507	62	securities	security	NOUN
cblr-1726	507	63	in	in	ADP
cblr-1726	507	64	order	order	NOUN
cblr-1726	507	65	to	to	PART
cblr-1726	507	66	neutralize	neutralize	VERB
cblr-1726	507	67	the	the	DET
cblr-1726	507	68	monetary	monetary	ADJ
cblr-1726	507	69	impact	impact	NOUN
cblr-1726	507	70	of	of	ADP
cblr-1726	507	71	using	use	VERB
cblr-1726	507	72	domestic	domestic	ADJ
cblr-1726	507	73	currency	currency	NOUN
cblr-1726	507	74	to	to	PART
cblr-1726	507	75	purchase	purchase	VERB
cblr-1726	507	76	the	the	DET
cblr-1726	507	77	required	require	VERB
cblr-1726	507	78	foreign	foreign	ADJ
cblr-1726	507	79	currency.112	currency.112	NOUN
cblr-1726	507	80	these	these	DET
cblr-1726	507	81	sterilization	sterilization	NOUN
cblr-1726	507	82	measures	measure	NOUN
cblr-1726	507	83	will	will	AUX
cblr-1726	507	84	be	be	AUX
cblr-1726	507	85	costly	costly	ADJ
cblr-1726	507	86	108	108	NUM
cblr-1726	507	87	see	see	NOUN
cblr-1726	507	88	roberto	roberto	PROPN
cblr-1726	507	89	chang	chang	PROPN
cblr-1726	507	90	&	&	CCONJ
cblr-1726	507	91	andrés	andrés	PROPN
cblr-1726	507	92	velasco	velasco	PROPN
cblr-1726	507	93	,	,	PUNCT
cblr-1726	507	94	the	the	DET
cblr-1726	507	95	asian	asian	ADJ
cblr-1726	507	96	liquidity	liquidity	NOUN
cblr-1726	507	97	crisis	crisis	NOUN
cblr-1726	507	98	(	(	PUNCT
cblr-1726	507	99	nat’l	nat’l	NUM
cblr-1726	507	100	bureau	bureau	PROPN
cblr-1726	507	101	of	of	ADP
cblr-1726	507	102	econ	econ	PROPN
cblr-1726	507	103	.	.	PUNCT
cblr-1726	508	1	research	research	PROPN
cblr-1726	508	2	,	,	PUNCT
cblr-1726	508	3	working	work	VERB
cblr-1726	508	4	paper	paper	NOUN
cblr-1726	508	5	no	no	INTJ
cblr-1726	508	6	.	.	PROPN
cblr-1726	508	7	6796	6796	NUM
cblr-1726	508	8	,	,	PUNCT
cblr-1726	508	9	1998	1998	NUM
cblr-1726	508	10	)	)	PUNCT
cblr-1726	509	1	(	(	PUNCT
cblr-1726	509	2	describing	describe	VERB
cblr-1726	509	3	this	this	DET
cblr-1726	509	4	problem	problem	NOUN
cblr-1726	509	5	in	in	ADP
cblr-1726	509	6	the	the	DET
cblr-1726	509	7	context	context	NOUN
cblr-1726	509	8	of	of	ADP
cblr-1726	509	9	the	the	DET
cblr-1726	509	10	asian	asian	ADJ
cblr-1726	509	11	liquidity	liquidity	NOUN
cblr-1726	509	12	crisis	crisis	NOUN
cblr-1726	509	13	of	of	ADP
cblr-1726	509	14	1997–98	1997–98	NUM
cblr-1726	509	15	)	)	PUNCT
cblr-1726	509	16	.	.	PUNCT
cblr-1726	510	1	109	109	NUM
cblr-1726	510	2	see	see	VERB
cblr-1726	510	3	goodhart	goodhart	NOUN
cblr-1726	510	4	,	,	PUNCT
cblr-1726	510	5	supra	supra	PROPN
cblr-1726	510	6	note	note	PROPN
cblr-1726	510	7	92	92	NUM
cblr-1726	510	8	,	,	PUNCT
cblr-1726	510	9	at	at	ADP
cblr-1726	510	10	235	235	NUM
cblr-1726	510	11	.	.	NOUN
cblr-1726	510	12	110	110	NUM
cblr-1726	510	13	at	at	ADP
cblr-1726	510	14	least	least	ADJ
cblr-1726	510	15	where	where	SCONJ
cblr-1726	510	16	this	this	PRON
cblr-1726	510	17	is	be	AUX
cblr-1726	510	18	not	not	PART
cblr-1726	510	19	explicitly	explicitly	ADV
cblr-1726	510	20	contemplated	contemplate	VERB
cblr-1726	510	21	by	by	ADP
cblr-1726	510	22	the	the	DET
cblr-1726	510	23	relevant	relevant	ADJ
cblr-1726	510	24	contracts	contract	NOUN
cblr-1726	510	25	.	.	PUNCT
cblr-1726	511	1	see	see	VERB
cblr-1726	511	2	i	i	PRON
cblr-1726	511	3	d.	d.	PROPN
cblr-1726	511	4	111	111	NUM
cblr-1726	511	5	denbee	denbee	PROPN
cblr-1726	511	6	et	et	PROPN
cblr-1726	511	7	al	al	PROPN
cblr-1726	511	8	.	.	PROPN
cblr-1726	511	9	,	,	PUNCT
cblr-1726	511	10	supra	supra	PROPN
cblr-1726	511	11	note	note	PROPN
cblr-1726	511	12	51	51	NUM
cblr-1726	511	13	,	,	PUNCT
cblr-1726	511	14	at	at	ADP
cblr-1726	511	15	9	9	NUM
cblr-1726	511	16	.	.	NUM
cblr-1726	511	17	112	112	NUM
cblr-1726	512	1	i	i	PROPN
cblr-1726	512	2	d.	d.	PROPN
cblr-1726	512	3	the	the	DET
cblr-1726	512	4	monetary	monetary	ADJ
cblr-1726	512	5	effects	effect	NOUN
cblr-1726	512	6	of	of	ADP
cblr-1726	512	7	accumulating	accumulate	VERB
cblr-1726	512	8	foreign	foreign	ADJ
cblr-1726	512	9	exchange	exchange	NOUN
cblr-1726	512	10	reserves	reserve	NOUN
cblr-1726	512	11	stem	stem	VERB
cblr-1726	512	12	from	from	ADP
cblr-1726	512	13	the	the	DET
cblr-1726	512	14	fact	fact	NOUN
cblr-1726	512	15	that	that	SCONJ
cblr-1726	512	16	these	these	DET
cblr-1726	512	17	reserves	reserve	NOUN
cblr-1726	512	18	need	need	VERB
cblr-1726	512	19	to	to	PART
cblr-1726	512	20	be	be	AUX
cblr-1726	512	21	purchased	purchase	VERB
cblr-1726	512	22	with	with	ADP
cblr-1726	512	23	domestic	domestic	ADJ
cblr-1726	512	24	awrey	awrey	NOUN
cblr-1726	512	25	–	–	PUNCT
cblr-1726	512	26	final	final	ADJ
cblr-1726	512	27	970	970	NUM
cblr-1726	512	28	columbia	columbia	PROPN
cblr-1726	512	29	business	business	NOUN
cblr-1726	512	30	law	law	PROPN
cblr-1726	512	31	review	review	NOUN
cblr-1726	512	32	[	[	X
cblr-1726	512	33	vol	vol	NOUN
cblr-1726	512	34	.	.	NOUN
cblr-1726	512	35	2017	2017	NUM
cblr-1726	512	36	where	where	SCONJ
cblr-1726	512	37	the	the	DET
cblr-1726	512	38	yields	yield	NOUN
cblr-1726	512	39	on	on	ADP
cblr-1726	512	40	the	the	DET
cblr-1726	512	41	government	government	NOUN
cblr-1726	512	42	securities	security	NOUN
cblr-1726	512	43	exceed	exceed	VERB
cblr-1726	512	44	the	the	DET
cblr-1726	512	45	yield	yield	NOUN
cblr-1726	512	46	on	on	ADP
cblr-1726	512	47	the	the	DET
cblr-1726	512	48	central	central	ADJ
cblr-1726	512	49	bank	bank	NOUN
cblr-1726	512	50	’s	’s	PART
cblr-1726	512	51	foreign	foreign	PROPN
cblr-1726	512	52	reserve	reserve	NOUN
cblr-1726	512	53	holdings.113	holdings.113	PROPN
cblr-1726	512	54	more	more	ADV
cblr-1726	512	55	broadly	broadly	ADV
cblr-1726	512	56	,	,	PUNCT
cblr-1726	512	57	where	where	SCONJ
cblr-1726	512	58	a	a	DET
cblr-1726	512	59	significant	significant	ADJ
cblr-1726	512	60	number	number	NOUN
cblr-1726	512	61	of	of	ADP
cblr-1726	512	62	central	central	ADJ
cblr-1726	512	63	banks	bank	NOUN
cblr-1726	512	64	simultaneously	simultaneously	ADV
cblr-1726	512	65	pursue	pursue	VERB
cblr-1726	512	66	the	the	DET
cblr-1726	512	67	option	option	NOUN
cblr-1726	512	68	of	of	ADP
cblr-1726	512	69	accumulating	accumulate	VERB
cblr-1726	512	70	foreign	foreign	ADJ
cblr-1726	512	71	currency	currency	NOUN
cblr-1726	512	72	reserves	reserve	NOUN
cblr-1726	512	73	,	,	PUNCT
cblr-1726	512	74	the	the	DET
cblr-1726	512	75	resulting	result	VERB
cblr-1726	512	76	increase	increase	NOUN
cblr-1726	512	77	in	in	ADP
cblr-1726	512	78	demand	demand	NOUN
cblr-1726	512	79	for	for	ADP
cblr-1726	512	80	reserve	reserve	NOUN
cblr-1726	512	81	currencies	currency	NOUN
cblr-1726	512	82	such	such	ADJ
cblr-1726	512	83	as	as	ADP
cblr-1726	512	84	the	the	DET
cblr-1726	512	85	u.s	u.s	PROPN
cblr-1726	512	86	.	.	PROPN
cblr-1726	512	87	dollar	dollar	NOUN
cblr-1726	512	88	may	may	AUX
cblr-1726	512	89	compress	compress	VERB
cblr-1726	512	90	yields	yield	NOUN
cblr-1726	512	91	,	,	PUNCT
cblr-1726	512	92	thereby	thereby	ADV
cblr-1726	512	93	distorting	distort	VERB
cblr-1726	512	94	prices	price	NOUN
cblr-1726	512	95	and	and	CCONJ
cblr-1726	512	96	potentially	potentially	ADV
cblr-1726	512	97	driving	drive	VERB
cblr-1726	512	98	a	a	DET
cblr-1726	512	99	search	search	NOUN
cblr-1726	512	100	for	for	ADP
cblr-1726	512	101	yield	yield	NOUN
cblr-1726	512	102	among	among	ADP
cblr-1726	512	103	investors.114	investors.114	NOUN
cblr-1726	512	104	the	the	DET
cblr-1726	512	105	second	second	ADJ
cblr-1726	512	106	option	option	NOUN
cblr-1726	512	107	is	be	AUX
cblr-1726	512	108	to	to	PART
cblr-1726	512	109	negotiate	negotiate	VERB
cblr-1726	512	110	an	an	DET
cblr-1726	512	111	ex	ex	NOUN
cblr-1726	512	112	ante	ante	NOUN
cblr-1726	512	113	contractual	contractual	ADJ
cblr-1726	512	114	right	right	NOUN
cblr-1726	512	115	to	to	PART
cblr-1726	512	116	borrow	borrow	VERB
cblr-1726	512	117	foreign	foreign	ADJ
cblr-1726	512	118	currency	currency	NOUN
cblr-1726	512	119	in	in	ADP
cblr-1726	512	120	the	the	DET
cblr-1726	512	121	event	event	NOUN
cblr-1726	512	122	that	that	SCONJ
cblr-1726	512	123	it	it	PRON
cblr-1726	512	124	is	be	AUX
cblr-1726	512	125	required	require	VERB
cblr-1726	512	126	in	in	ADP
cblr-1726	512	127	order	order	NOUN
cblr-1726	512	128	to	to	PART
cblr-1726	512	129	provide	provide	VERB
cblr-1726	512	130	fcla	fcla	NOUN
cblr-1726	512	131	.	.	PUNCT
cblr-1726	513	1	the	the	DET
cblr-1726	513	2	central	central	ADJ
cblr-1726	513	3	bank	bank	PROPN
cblr-1726	513	4	of	of	ADP
cblr-1726	513	5	argentina	argentina	PROPN
cblr-1726	513	6	,	,	PUNCT
cblr-1726	513	7	for	for	ADP
cblr-1726	513	8	example	example	NOUN
cblr-1726	513	9	,	,	PUNCT
cblr-1726	513	10	has	have	AUX
cblr-1726	513	11	reportedly	reportedly	ADV
cblr-1726	513	12	entered	enter	VERB
cblr-1726	513	13	a	a	DET
cblr-1726	513	14	series	series	NOUN
cblr-1726	513	15	of	of	ADP
cblr-1726	513	16	repo	repo	NOUN
cblr-1726	513	17	agreements	agreement	NOUN
cblr-1726	513	18	with	with	ADP
cblr-1726	513	19	a	a	DET
cblr-1726	513	20	syndicate	syndicate	NOUN
cblr-1726	513	21	of	of	ADP
cblr-1726	513	22	international	international	ADJ
cblr-1726	513	23	banks	bank	NOUN
cblr-1726	513	24	enabling	enable	VERB
cblr-1726	513	25	it	it	PRON
cblr-1726	513	26	to	to	PART
cblr-1726	513	27	swap	swap	VERB
cblr-1726	513	28	government	government	NOUN
cblr-1726	513	29	securities	security	NOUN
cblr-1726	513	30	and	and	CCONJ
cblr-1726	513	31	other	other	ADJ
cblr-1726	513	32	collateral	collateral	NOUN
cblr-1726	513	33	in	in	ADP
cblr-1726	513	34	exchange	exchange	NOUN
cblr-1726	513	35	for	for	ADP
cblr-1726	513	36	u.s	u.s	PROPN
cblr-1726	513	37	.	.	PROPN
cblr-1726	513	38	dollars.115	dollars.115	PROPN
cblr-1726	513	39	once	once	ADV
cblr-1726	513	40	again	again	ADV
cblr-1726	513	41	,	,	PUNCT
cblr-1726	513	42	however	however	ADV
cblr-1726	513	43	,	,	PUNCT
cblr-1726	513	44	this	this	PRON
cblr-1726	513	45	is	be	AUX
cblr-1726	513	46	likely	likely	ADJ
cblr-1726	513	47	to	to	PART
cblr-1726	513	48	be	be	AUX
cblr-1726	513	49	an	an	DET
cblr-1726	513	50	extremely	extremely	ADV
cblr-1726	513	51	costly	costly	ADJ
cblr-1726	513	52	option	option	NOUN
cblr-1726	513	53	as	as	SCONJ
cblr-1726	513	54	the	the	DET
cblr-1726	513	55	borrower	borrower	NOUN
cblr-1726	513	56	pays	pay	VERB
cblr-1726	513	57	a	a	DET
cblr-1726	513	58	fee	fee	NOUN
cblr-1726	513	59	for	for	ADP
cblr-1726	513	60	the	the	DET
cblr-1726	513	61	option	option	NOUN
cblr-1726	513	62	itself	itself	PRON
cblr-1726	513	63	,	,	PUNCT
cblr-1726	513	64	along	along	ADP
cblr-1726	513	65	with	with	ADP
cblr-1726	513	66	interest	interest	NOUN
cblr-1726	513	67	on	on	ADP
cblr-1726	513	68	any	any	DET
cblr-1726	513	69	borrowed	borrow	VERB
cblr-1726	513	70	funds.116	funds.116	NOUN
cblr-1726	513	71	the	the	DET
cblr-1726	513	72	borrower	borrower	NOUN
cblr-1726	513	73	would	would	AUX
cblr-1726	513	74	also	also	ADV
cblr-1726	513	75	be	be	AUX
cblr-1726	513	76	exposed	expose	VERB
cblr-1726	513	77	to	to	ADP
cblr-1726	513	78	the	the	DET
cblr-1726	513	79	risk	risk	NOUN
cblr-1726	513	80	that	that	SCONJ
cblr-1726	513	81	the	the	DET
cblr-1726	513	82	u.s	u.s	PROPN
cblr-1726	513	83	.	.	PROPN
cblr-1726	513	84	dollar	dollar	NOUN
cblr-1726	513	85	might	might	AUX
cblr-1726	513	86	appreciate	appreciate	VERB
cblr-1726	513	87	over	over	ADP
cblr-1726	513	88	the	the	DET
cblr-1726	513	89	term	term	NOUN
cblr-1726	513	90	of	of	ADP
cblr-1726	513	91	the	the	DET
cblr-1726	513	92	agreement	agreement	NOUN
cblr-1726	513	93	.	.	PUNCT
cblr-1726	514	1	more	more	ADV
cblr-1726	514	2	importantly	importantly	ADV
cblr-1726	514	3	,	,	PUNCT
cblr-1726	514	4	this	this	DET
cblr-1726	514	5	option	option	NOUN
cblr-1726	514	6	would	would	AUX
cblr-1726	514	7	only	only	ADV
cblr-1726	514	8	be	be	AUX
cblr-1726	514	9	as	as	ADV
cblr-1726	514	10	effective	effective	ADJ
cblr-1726	514	11	as	as	ADP
cblr-1726	514	12	the	the	DET
cblr-1726	514	13	lender	lender	NOUN
cblr-1726	514	14	’s	’s	PART
cblr-1726	514	15	ability	ability	NOUN
cblr-1726	514	16	to	to	PART
cblr-1726	514	17	acquire	acquire	VERB
cblr-1726	514	18	sufficient	sufficient	ADJ
cblr-1726	514	19	foreign	foreign	ADJ
cblr-1726	514	20	currency	currency	NOUN
cblr-1726	514	21	to	to	PART
cblr-1726	514	22	meet	meet	VERB
cblr-1726	514	23	its	its	PRON
cblr-1726	514	24	obligations	obligation	NOUN
cblr-1726	514	25	under	under	ADP
cblr-1726	514	26	the	the	DET
cblr-1726	514	27	type	type	NOUN
cblr-1726	514	28	of	of	ADP
cblr-1726	514	29	distressed	distressed	ADJ
cblr-1726	514	30	market	market	NOUN
cblr-1726	514	31	conditions	condition	NOUN
cblr-1726	514	32	in	in	ADP
cblr-1726	514	33	which	which	PRON
cblr-1726	514	34	the	the	DET
cblr-1726	514	35	borrowing	borrow	VERB
cblr-1726	514	36	central	central	ADJ
cblr-1726	514	37	bank	bank	NOUN
cblr-1726	514	38	would	would	AUX
cblr-1726	514	39	be	be	AUX
cblr-1726	514	40	required	require	VERB
cblr-1726	514	41	to	to	PART
cblr-1726	514	42	provide	provide	VERB
cblr-1726	514	43	fcla	fcla	NOUN
cblr-1726	514	44	.	.	PUNCT
cblr-1726	515	1	currency	currency	NOUN
cblr-1726	515	2	,	,	PUNCT
cblr-1726	515	3	thereby	thereby	ADV
cblr-1726	515	4	increasing	increase	VERB
cblr-1726	515	5	the	the	DET
cblr-1726	515	6	aggregate	aggregate	ADJ
cblr-1726	515	7	money	money	NOUN
cblr-1726	515	8	supply	supply	NOUN
cblr-1726	515	9	.	.	PUNCT
cblr-1726	516	1	selling	sell	VERB
cblr-1726	516	2	government	government	NOUN
cblr-1726	516	3	securities	security	NOUN
cblr-1726	516	4	in	in	ADP
cblr-1726	516	5	exchange	exchange	NOUN
cblr-1726	516	6	for	for	ADP
cblr-1726	516	7	domestic	domestic	ADJ
cblr-1726	516	8	currency	currency	NOUN
cblr-1726	516	9	can	can	AUX
cblr-1726	516	10	thus	thus	ADV
cblr-1726	516	11	be	be	AUX
cblr-1726	516	12	used	use	VERB
cblr-1726	516	13	to	to	PART
cblr-1726	516	14	offset	offset	VERB
cblr-1726	516	15	this	this	DET
cblr-1726	516	16	increase	increase	NOUN
cblr-1726	516	17	.	.	PUNCT
cblr-1726	517	1	113	113	NUM
cblr-1726	518	1	i	i	PRON
cblr-1726	518	2	d.	d.	PROPN
cblr-1726	518	3	114	114	NUM
cblr-1726	519	1	i	i	PROPN
cblr-1726	519	2	d.	d.	PROPN
cblr-1726	519	3	115	115	NUM
cblr-1726	519	4	schwartz	schwartz	PROPN
cblr-1726	519	5	,	,	PUNCT
cblr-1726	519	6	supra	supra	PROPN
cblr-1726	519	7	note	note	VERB
cblr-1726	519	8	107	107	NUM
cblr-1726	519	9	,	,	PUNCT
cblr-1726	519	10	at	at	ADP
cblr-1726	519	11	457	457	NUM
cblr-1726	519	12	.	.	PUNCT
cblr-1726	520	1	see	see	VERB
cblr-1726	520	2	also	also	ADV
cblr-1726	520	3	carolina	carolina	PROPN
cblr-1726	520	4	millan	millan	PROPN
cblr-1726	520	5	&	&	CCONJ
cblr-1726	520	6	katia	katia	PROPN
cblr-1726	520	7	porzecanski	porzecanski	PROPN
cblr-1726	520	8	,	,	PUNCT
cblr-1726	520	9	argentina	argentina	PROPN
cblr-1726	520	10	agrees	agree	VERB
cblr-1726	520	11	to	to	PART
cblr-1726	520	12	borrow	borrow	VERB
cblr-1726	520	13	$	$	SYM
cblr-1726	520	14	5	5	NUM
cblr-1726	520	15	billion	billion	NUM
cblr-1726	520	16	from	from	ADP
cblr-1726	520	17	wall	wall	PROPN
cblr-1726	520	18	street	street	PROPN
cblr-1726	520	19	banks	banks	PROPN
cblr-1726	520	20	,	,	PUNCT
cblr-1726	520	21	bloomberg	bloomberg	PROPN
cblr-1726	520	22	(	(	PUNCT
cblr-1726	520	23	jan	jan	PROPN
cblr-1726	520	24	.	.	PROPN
cblr-1726	520	25	29	29	NUM
cblr-1726	520	26	,	,	PUNCT
cblr-1726	520	27	2016	2016	NUM
cblr-1726	520	28	,	,	PUNCT
cblr-1726	520	29	3:45	3:45	NUM
cblr-1726	520	30	pm	pm	NOUN
cblr-1726	520	31	)	)	PUNCT
cblr-1726	520	32	,	,	PUNCT
cblr-1726	520	33	https://www.bloomberg.com/news/articles/2016-01-29/argentina-agrees-to-5-billion-of-loans-from-wall-streetbanks	https://www.bloomberg.com/news/articles/2016-01-29/argentina-agrees-to-5-billion-of-loans-from-wall-streetbank	NOUN
cblr-1726	520	34	.	.	PUNCT
cblr-1726	521	1	116	116	NUM
cblr-1726	521	2	schwartz	schwartz	PROPN
cblr-1726	521	3	reports	report	VERB
cblr-1726	521	4	that	that	SCONJ
cblr-1726	521	5	,	,	PUNCT
cblr-1726	521	6	under	under	ADP
cblr-1726	521	7	one	one	NUM
cblr-1726	521	8	such	such	ADJ
cblr-1726	521	9	agreement	agreement	NOUN
cblr-1726	521	10	entered	enter	VERB
cblr-1726	521	11	into	into	ADP
cblr-1726	521	12	in	in	ADP
cblr-1726	521	13	1996	1996	NUM
cblr-1726	521	14	,	,	PUNCT
cblr-1726	521	15	the	the	DET
cblr-1726	521	16	central	central	ADJ
cblr-1726	521	17	bank	bank	PROPN
cblr-1726	521	18	of	of	ADP
cblr-1726	521	19	argentina	argentina	PROPN
cblr-1726	521	20	was	be	AUX
cblr-1726	521	21	required	require	VERB
cblr-1726	521	22	to	to	PART
cblr-1726	521	23	pay	pay	VERB
cblr-1726	521	24	a	a	DET
cblr-1726	521	25	thirty	thirty	NUM
cblr-1726	521	26	-	-	PUNCT
cblr-1726	521	27	three	three	NUM
cblr-1726	521	28	basis	basis	NOUN
cblr-1726	521	29	point	point	NOUN
cblr-1726	521	30	(	(	PUNCT
cblr-1726	521	31	0.33	0.33	NUM
cblr-1726	521	32	%	%	NOUN
cblr-1726	521	33	)	)	PUNCT
cblr-1726	521	34	insurance	insurance	NOUN
cblr-1726	521	35	premium	premium	NOUN
cblr-1726	521	36	plus	plus	CCONJ
cblr-1726	521	37	an	an	DET
cblr-1726	521	38	interest	interest	NOUN
cblr-1726	521	39	rate	rate	NOUN
cblr-1726	521	40	on	on	ADP
cblr-1726	521	41	borrowed	borrow	VERB
cblr-1726	521	42	funds	fund	NOUN
cblr-1726	521	43	of	of	ADP
cblr-1726	521	44	libor	libor	PROPN
cblr-1726	521	45	,	,	PUNCT
cblr-1726	521	46	205	205	NUM
cblr-1726	521	47	basis	basis	NOUN
cblr-1726	521	48	points	point	NOUN
cblr-1726	521	49	(	(	PUNCT
cblr-1726	521	50	2.05	2.05	NUM
cblr-1726	521	51	%	%	NOUN
cblr-1726	521	52	)	)	PUNCT
cblr-1726	521	53	.	.	PUNCT
cblr-1726	522	1	schwartz	schwartz	PROPN
cblr-1726	522	2	,	,	PUNCT
cblr-1726	522	3	supra	supra	PROPN
cblr-1726	522	4	note	note	VERB
cblr-1726	522	5	107	107	NUM
cblr-1726	522	6	,	,	PUNCT
cblr-1726	522	7	at	at	ADP
cblr-1726	522	8	457	457	NUM
cblr-1726	522	9	.	.	PUNCT
cblr-1726	523	1	borrowing	borrowing	NOUN
cblr-1726	523	2	costs	cost	NOUN
cblr-1726	523	3	will	will	AUX
cblr-1726	523	4	,	,	PUNCT
cblr-1726	523	5	of	of	ADP
cblr-1726	523	6	course	course	NOUN
cblr-1726	523	7	,	,	PUNCT
cblr-1726	523	8	vary	vary	VERB
cblr-1726	523	9	with	with	ADP
cblr-1726	523	10	both	both	CCONJ
cblr-1726	523	11	the	the	DET
cblr-1726	523	12	currency	currency	NOUN
cblr-1726	523	13	in	in	ADP
cblr-1726	523	14	question	question	NOUN
cblr-1726	523	15	and	and	CCONJ
cblr-1726	523	16	the	the	DET
cblr-1726	523	17	creditworthiness	creditworthiness	NOUN
cblr-1726	523	18	of	of	ADP
cblr-1726	523	19	the	the	DET
cblr-1726	523	20	borrower	borrower	NOUN
cblr-1726	523	21	.	.	PUNCT
cblr-1726	524	1	awrey	awrey	PROPN
cblr-1726	524	2	–	–	PUNCT
cblr-1726	524	3	final	final	ADJ
cblr-1726	524	4	no	no	NOUN
cblr-1726	524	5	.	.	PUNCT
cblr-1726	525	1	3:934	3:934	X
cblr-1726	525	2	]	]	X
cblr-1726	525	3	foreign	foreign	ADJ
cblr-1726	525	4	currency	currency	NOUN
cblr-1726	525	5	liquidity	liquidity	NOUN
cblr-1726	525	6	assistance	assistance	NOUN
cblr-1726	525	7	971	971	NUM
cblr-1726	525	8	the	the	DET
cblr-1726	525	9	third	third	ADJ
cblr-1726	525	10	option	option	NOUN
cblr-1726	525	11	is	be	AUX
cblr-1726	525	12	to	to	PART
cblr-1726	525	13	purchase	purchase	VERB
cblr-1726	525	14	foreign	foreign	ADJ
cblr-1726	525	15	currency	currency	NOUN
cblr-1726	525	16	on	on	ADP
cblr-1726	525	17	the	the	DET
cblr-1726	525	18	open	open	ADJ
cblr-1726	525	19	market	market	NOUN
cblr-1726	525	20	at	at	ADP
cblr-1726	525	21	the	the	DET
cblr-1726	525	22	point	point	NOUN
cblr-1726	525	23	in	in	ADP
cblr-1726	525	24	time	time	NOUN
cblr-1726	525	25	at	at	ADP
cblr-1726	525	26	which	which	PRON
cblr-1726	525	27	it	it	PRON
cblr-1726	525	28	is	be	AUX
cblr-1726	525	29	actually	actually	ADV
cblr-1726	525	30	needed	need	VERB
cblr-1726	525	31	to	to	PART
cblr-1726	525	32	provide	provide	VERB
cblr-1726	525	33	fcla	fcla	NOUN
cblr-1726	525	34	.	.	PUNCT
cblr-1726	526	1	this	this	DET
cblr-1726	526	2	option	option	NOUN
cblr-1726	526	3	may	may	AUX
cblr-1726	526	4	be	be	AUX
cblr-1726	526	5	expedient	expedient	ADJ
cblr-1726	526	6	and	and	CCONJ
cblr-1726	526	7	cost	cost	VERB
cblr-1726	526	8	effective	effective	ADJ
cblr-1726	526	9	where	where	SCONJ
cblr-1726	526	10	central	central	ADJ
cblr-1726	526	11	banks	bank	NOUN
cblr-1726	526	12	require	require	VERB
cblr-1726	526	13	foreign	foreign	ADJ
cblr-1726	526	14	currency	currency	NOUN
cblr-1726	526	15	in	in	ADP
cblr-1726	526	16	order	order	NOUN
cblr-1726	526	17	to	to	PART
cblr-1726	526	18	provide	provide	VERB
cblr-1726	526	19	fcla	fcla	NOUN
cblr-1726	526	20	in	in	ADP
cblr-1726	526	21	response	response	NOUN
cblr-1726	526	22	to	to	ADP
cblr-1726	526	23	idiosyncratic	idiosyncratic	ADJ
cblr-1726	526	24	liquidity	liquidity	NOUN
cblr-1726	526	25	problems	problem	NOUN
cblr-1726	526	26	or	or	CCONJ
cblr-1726	526	27	other	other	ADJ
cblr-1726	526	28	localized	localized	ADJ
cblr-1726	526	29	shocks	shock	NOUN
cblr-1726	526	30	.	.	PUNCT
cblr-1726	527	1	however	however	ADV
cblr-1726	527	2	,	,	PUNCT
cblr-1726	527	3	where	where	SCONJ
cblr-1726	527	4	the	the	DET
cblr-1726	527	5	catalyst	catalyst	NOUN
cblr-1726	527	6	for	for	ADP
cblr-1726	527	7	the	the	DET
cblr-1726	527	8	provision	provision	NOUN
cblr-1726	527	9	of	of	ADP
cblr-1726	527	10	fcla	fcla	NOUN
cblr-1726	527	11	is	be	AUX
cblr-1726	527	12	a	a	DET
cblr-1726	527	13	more	more	ADV
cblr-1726	527	14	systemic	systemic	ADJ
cblr-1726	527	15	shock	shock	NOUN
cblr-1726	527	16	—	—	PUNCT
cblr-1726	527	17	especially	especially	ADV
cblr-1726	527	18	one	one	NUM
cblr-1726	527	19	characterized	characterize	VERB
cblr-1726	527	20	by	by	ADP
cblr-1726	527	21	the	the	DET
cblr-1726	527	22	breakdown	breakdown	NOUN
cblr-1726	527	23	of	of	ADP
cblr-1726	527	24	international	international	ADJ
cblr-1726	527	25	wholesale	wholesale	ADJ
cblr-1726	527	26	funding	funding	NOUN
cblr-1726	527	27	and	and	CCONJ
cblr-1726	527	28	foreign	foreign	ADJ
cblr-1726	527	29	currency	currency	NOUN
cblr-1726	527	30	markets	market	NOUN
cblr-1726	527	31	—	—	PUNCT
cblr-1726	527	32	central	central	ADJ
cblr-1726	527	33	banks	bank	NOUN
cblr-1726	527	34	may	may	AUX
cblr-1726	527	35	be	be	AUX
cblr-1726	527	36	left	leave	VERB
cblr-1726	527	37	without	without	ADP
cblr-1726	527	38	a	a	DET
cblr-1726	527	39	reliable	reliable	ADJ
cblr-1726	527	40	private	private	ADJ
cblr-1726	527	41	source	source	NOUN
cblr-1726	527	42	of	of	ADP
cblr-1726	527	43	foreign	foreign	ADJ
cblr-1726	527	44	currency	currency	NOUN
cblr-1726	527	45	liquidity	liquidity	NOUN
cblr-1726	527	46	.	.	PUNCT
cblr-1726	528	1	under	under	ADP
cblr-1726	528	2	these	these	DET
cblr-1726	528	3	circumstances	circumstance	NOUN
cblr-1726	528	4	,	,	PUNCT
cblr-1726	528	5	central	central	ADJ
cblr-1726	528	6	banks	bank	NOUN
cblr-1726	528	7	that	that	PRON
cblr-1726	528	8	have	have	AUX
cblr-1726	528	9	neglected	neglect	VERB
cblr-1726	528	10	to	to	PART
cblr-1726	528	11	secure	secure	VERB
cblr-1726	528	12	some	some	DET
cblr-1726	528	13	form	form	NOUN
cblr-1726	528	14	of	of	ADP
cblr-1726	528	15	ex	ex	X
cblr-1726	528	16	ante	ante	NOUN
cblr-1726	528	17	(	(	PUNCT
cblr-1726	528	18	self-)insurance	self-)insurance	NOUN
cblr-1726	528	19	will	will	AUX
cblr-1726	528	20	have	have	VERB
cblr-1726	528	21	no	no	DET
cblr-1726	528	22	other	other	ADJ
cblr-1726	528	23	option	option	NOUN
cblr-1726	528	24	but	but	CCONJ
cblr-1726	528	25	to	to	PART
cblr-1726	528	26	seek	seek	VERB
cblr-1726	528	27	liquidity	liquidity	NOUN
cblr-1726	528	28	support	support	NOUN
cblr-1726	528	29	from	from	ADP
cblr-1726	528	30	the	the	DET
cblr-1726	528	31	central	central	ADJ
cblr-1726	528	32	bank	bank	NOUN
cblr-1726	528	33	that	that	PRON
cblr-1726	528	34	prints	print	VERB
cblr-1726	528	35	the	the	DET
cblr-1726	528	36	relevant	relevant	ADJ
cblr-1726	528	37	currency	currency	NOUN
cblr-1726	528	38	.	.	PUNCT
cblr-1726	529	1	central	central	ADJ
cblr-1726	529	2	banks	bank	NOUN
cblr-1726	529	3	that	that	PRON
cblr-1726	529	4	pursue	pursue	VERB
cblr-1726	529	5	this	this	DET
cblr-1726	529	6	option	option	NOUN
cblr-1726	529	7	will	will	AUX
cblr-1726	529	8	thus	thus	ADV
cblr-1726	529	9	find	find	VERB
cblr-1726	529	10	themselves	themselves	PRON
cblr-1726	529	11	in	in	ADP
cblr-1726	529	12	the	the	DET
cblr-1726	529	13	vulnerable	vulnerable	ADJ
cblr-1726	529	14	position	position	NOUN
cblr-1726	529	15	of	of	ADP
cblr-1726	529	16	having	have	VERB
cblr-1726	529	17	to	to	PART
cblr-1726	529	18	ask	ask	VERB
cblr-1726	529	19	foreign	foreign	ADJ
cblr-1726	529	20	policymakers	policymaker	NOUN
cblr-1726	529	21	for	for	ADP
cblr-1726	529	22	a	a	DET
cblr-1726	529	23	garden	garden	NOUN
cblr-1726	529	24	hose	hose	NOUN
cblr-1726	529	25	whenever	whenever	SCONJ
cblr-1726	529	26	their	their	PRON
cblr-1726	529	27	own	own	ADJ
cblr-1726	529	28	house	house	NOUN
cblr-1726	529	29	catches	catch	VERB
cblr-1726	529	30	fire	fire	NOUN
cblr-1726	529	31	.	.	PUNCT
cblr-1726	530	1	as	as	SCONJ
cblr-1726	530	2	we	we	PRON
cblr-1726	530	3	shall	shall	AUX
cblr-1726	530	4	see	see	VERB
cblr-1726	530	5	in	in	ADP
cblr-1726	530	6	part	part	NOUN
cblr-1726	530	7	iv	iv	NUM
cblr-1726	530	8	,	,	PUNCT
cblr-1726	530	9	this	this	PRON
cblr-1726	530	10	is	be	AUX
cblr-1726	530	11	precisely	precisely	ADV
cblr-1726	530	12	the	the	DET
cblr-1726	530	13	position	position	NOUN
cblr-1726	530	14	in	in	ADP
cblr-1726	530	15	which	which	PRON
cblr-1726	530	16	many	many	ADJ
cblr-1726	530	17	central	central	ADJ
cblr-1726	530	18	banks	bank	NOUN
cblr-1726	530	19	found	find	VERB
cblr-1726	530	20	themselves	themselves	PRON
cblr-1726	530	21	in	in	ADP
cblr-1726	530	22	the	the	DET
cblr-1726	530	23	thick	thick	NOUN
cblr-1726	530	24	of	of	ADP
cblr-1726	530	25	the	the	DET
cblr-1726	530	26	global	global	ADJ
cblr-1726	530	27	financial	financial	ADJ
cblr-1726	530	28	crisis	crisis	NOUN
cblr-1726	530	29	.	.	PUNCT
cblr-1726	531	1	the	the	DET
cblr-1726	531	2	extension	extension	NOUN
cblr-1726	531	3	of	of	ADP
cblr-1726	531	4	foreign	foreign	ADJ
cblr-1726	531	5	currency	currency	NOUN
cblr-1726	531	6	loans	loan	NOUN
cblr-1726	531	7	from	from	ADP
cblr-1726	531	8	one	one	NUM
cblr-1726	531	9	central	central	ADJ
cblr-1726	531	10	bank	bank	NOUN
cblr-1726	531	11	to	to	ADP
cblr-1726	531	12	another	another	PRON
cblr-1726	531	13	for	for	ADP
cblr-1726	531	14	purposes	purpose	NOUN
cblr-1726	531	15	of	of	ADP
cblr-1726	531	16	providing	provide	VERB
cblr-1726	531	17	fcla	fcla	NOUN
cblr-1726	531	18	poses	pose	VERB
cblr-1726	531	19	a	a	DET
cblr-1726	531	20	host	host	NOUN
cblr-1726	531	21	of	of	ADP
cblr-1726	531	22	technical	technical	ADJ
cblr-1726	531	23	challenges	challenge	NOUN
cblr-1726	531	24	.	.	PUNCT
cblr-1726	532	1	how	how	SCONJ
cblr-1726	532	2	can	can	AUX
cblr-1726	532	3	the	the	DET
cblr-1726	532	4	central	central	ADJ
cblr-1726	532	5	bank	bank	NOUN
cblr-1726	532	6	lending	lend	VERB
cblr-1726	532	7	the	the	DET
cblr-1726	532	8	relevant	relevant	ADJ
cblr-1726	532	9	currency	currency	NOUN
cblr-1726	532	10	ensure	ensure	VERB
cblr-1726	532	11	that	that	SCONJ
cblr-1726	532	12	the	the	DET
cblr-1726	532	13	borrowing	borrow	VERB
cblr-1726	532	14	central	central	ADJ
cblr-1726	532	15	bank	bank	NOUN
cblr-1726	532	16	only	only	ADV
cblr-1726	532	17	provides	provide	VERB
cblr-1726	532	18	fcla	fcla	NOUN
cblr-1726	532	19	against	against	ADP
cblr-1726	532	20	good	good	ADJ
cblr-1726	532	21	quality	quality	NOUN
cblr-1726	532	22	collateral	collateral	NOUN
cblr-1726	532	23	,	,	PUNCT
cblr-1726	532	24	at	at	ADP
cblr-1726	532	25	a	a	DET
cblr-1726	532	26	penalty	penalty	NOUN
cblr-1726	532	27	rate	rate	NOUN
cblr-1726	532	28	of	of	ADP
cblr-1726	532	29	interest	interest	NOUN
cblr-1726	532	30	,	,	PUNCT
cblr-1726	532	31	and	and	CCONJ
cblr-1726	532	32	to	to	AUX
cblr-1726	532	33	solvent	solvent	NOUN
cblr-1726	532	34	but	but	CCONJ
cblr-1726	532	35	illiquid	illiquid	ADJ
cblr-1726	532	36	banks	bank	NOUN
cblr-1726	532	37	and	and	CCONJ
cblr-1726	532	38	other	other	ADJ
cblr-1726	532	39	financial	financial	ADJ
cblr-1726	532	40	institutions	institution	NOUN
cblr-1726	532	41	?	?	PUNCT
cblr-1726	533	1	what	what	PRON
cblr-1726	533	2	forms	form	NOUN
cblr-1726	533	3	of	of	ADP
cblr-1726	533	4	collateral	collateral	NOUN
cblr-1726	533	5	should	should	AUX
cblr-1726	533	6	the	the	DET
cblr-1726	533	7	lender	lender	NOUN
cblr-1726	533	8	itself	itself	PRON
cblr-1726	533	9	take	take	VERB
cblr-1726	533	10	against	against	ADP
cblr-1726	533	11	the	the	DET
cblr-1726	533	12	obligations	obligation	NOUN
cblr-1726	533	13	of	of	ADP
cblr-1726	533	14	the	the	DET
cblr-1726	533	15	borrower	borrower	NOUN
cblr-1726	533	16	?	?	PUNCT
cblr-1726	534	1	how	how	SCONJ
cblr-1726	534	2	should	should	AUX
cblr-1726	534	3	it	it	PRON
cblr-1726	534	4	calculate	calculate	VERB
cblr-1726	534	5	any	any	DET
cblr-1726	534	6	ex	ex	NOUN
cblr-1726	534	7	ante	ante	NOUN
cblr-1726	534	8	insurance	insurance	NOUN
cblr-1726	534	9	premium	premium	NOUN
cblr-1726	534	10	,	,	PUNCT
cblr-1726	534	11	along	along	ADP
cblr-1726	534	12	with	with	ADP
cblr-1726	534	13	the	the	DET
cblr-1726	534	14	rate	rate	NOUN
cblr-1726	534	15	of	of	ADP
cblr-1726	534	16	interest	interest	NOUN
cblr-1726	534	17	on	on	ADP
cblr-1726	534	18	borrowed	borrow	VERB
cblr-1726	534	19	funds	fund	NOUN
cblr-1726	534	20	?	?	PUNCT
cblr-1726	535	1	should	should	AUX
cblr-1726	535	2	there	there	PRON
cblr-1726	535	3	be	be	AUX
cblr-1726	535	4	limits	limit	NOUN
cblr-1726	535	5	on	on	ADP
cblr-1726	535	6	the	the	DET
cblr-1726	535	7	amount	amount	NOUN
cblr-1726	535	8	that	that	PRON
cblr-1726	535	9	central	central	ADJ
cblr-1726	535	10	banks	bank	NOUN
cblr-1726	535	11	can	can	AUX
cblr-1726	535	12	borrow	borrow	VERB
cblr-1726	535	13	?	?	PUNCT
cblr-1726	536	1	and	and	CCONJ
cblr-1726	536	2	perhaps	perhaps	ADV
cblr-1726	536	3	most	most	ADV
cblr-1726	536	4	importantly	importantly	ADV
cblr-1726	536	5	,	,	PUNCT
cblr-1726	536	6	what	what	DET
cblr-1726	536	7	mechanisms	mechanism	NOUN
cblr-1726	536	8	can	can	AUX
cblr-1726	536	9	be	be	AUX
cblr-1726	536	10	used	use	VERB
cblr-1726	536	11	to	to	PART
cblr-1726	536	12	make	make	VERB
cblr-1726	536	13	the	the	DET
cblr-1726	536	14	commitments	commitment	NOUN
cblr-1726	536	15	of	of	ADP
cblr-1726	536	16	both	both	CCONJ
cblr-1726	536	17	the	the	DET
cblr-1726	536	18	lender	lender	NOUN
cblr-1726	536	19	and	and	CCONJ
cblr-1726	536	20	borrower	borrower	NOUN
cblr-1726	536	21	as	as	ADV
cblr-1726	536	22	credible	credible	ADJ
cblr-1726	536	23	as	as	ADP
cblr-1726	536	24	possible	possible	ADJ
cblr-1726	536	25	?	?	PUNCT
cblr-1726	537	1	the	the	DET
cblr-1726	537	2	answers	answer	NOUN
cblr-1726	537	3	to	to	ADP
cblr-1726	537	4	these	these	DET
cblr-1726	537	5	questions	question	NOUN
cblr-1726	537	6	will	will	AUX
cblr-1726	537	7	understandably	understandably	ADV
cblr-1726	537	8	have	have	VERB
cblr-1726	537	9	an	an	DET
cblr-1726	537	10	impact	impact	NOUN
cblr-1726	537	11	on	on	ADP
cblr-1726	537	12	both	both	CCONJ
cblr-1726	537	13	the	the	DET
cblr-1726	537	14	effectiveness	effectiveness	NOUN
cblr-1726	537	15	of	of	ADP
cblr-1726	537	16	fcla	fcla	NOUN
cblr-1726	537	17	and	and	CCONJ
cblr-1726	537	18	the	the	DET
cblr-1726	537	19	extent	extent	NOUN
cblr-1726	537	20	to	to	PART
cblr-1726	537	21	which	which	PRON
cblr-1726	537	22	it	it	PRON
cblr-1726	537	23	gives	give	VERB
cblr-1726	537	24	rise	rise	NOUN
cblr-1726	537	25	to	to	ADP
cblr-1726	537	26	potential	potential	ADJ
cblr-1726	537	27	moral	moral	ADJ
cblr-1726	537	28	hazard	hazard	NOUN
cblr-1726	537	29	problems	problem	NOUN
cblr-1726	537	30	.	.	PUNCT
cblr-1726	538	1	until	until	ADP
cblr-1726	538	2	relatively	relatively	ADV
cblr-1726	538	3	recently	recently	ADV
cblr-1726	538	4	,	,	PUNCT
cblr-1726	538	5	the	the	DET
cblr-1726	538	6	challenges	challenge	NOUN
cblr-1726	538	7	of	of	ADP
cblr-1726	538	8	providing	provide	VERB
cblr-1726	538	9	fcla	fcla	NOUN
cblr-1726	538	10	were	be	AUX
cblr-1726	538	11	largely	largely	ADV
cblr-1726	538	12	theoretical	theoretical	ADJ
cblr-1726	538	13	.	.	PUNCT
cblr-1726	539	1	where	where	SCONJ
cblr-1726	539	2	fcla	fcla	NOUN
cblr-1726	539	3	was	be	AUX
cblr-1726	539	4	provided	provide	VERB
cblr-1726	539	5	,	,	PUNCT
cblr-1726	539	6	it	it	PRON
cblr-1726	539	7	was	be	AUX
cblr-1726	539	8	extended	extend	VERB
cblr-1726	539	9	almost	almost	ADV
cblr-1726	539	10	exclusively	exclusively	ADV
cblr-1726	539	11	on	on	ADP
cblr-1726	539	12	an	an	DET
cblr-1726	539	13	ad	ad	NOUN
cblr-1726	539	14	hoc	hoc	X
cblr-1726	539	15	basis	basis	NOUN
cblr-1726	539	16	in	in	ADP
cblr-1726	539	17	response	response	NOUN
cblr-1726	539	18	to	to	ADP
cblr-1726	539	19	awrey	awrey	NOUN
cblr-1726	539	20	–	–	PUNCT
cblr-1726	540	1	final	final	ADJ
cblr-1726	540	2	972	972	NUM
cblr-1726	540	3	columbia	columbia	PROPN
cblr-1726	540	4	business	business	NOUN
cblr-1726	540	5	law	law	PROPN
cblr-1726	540	6	review	review	NOUN
cblr-1726	540	7	[	[	X
cblr-1726	540	8	vol	vol	NOUN
cblr-1726	540	9	.	.	NOUN
cblr-1726	540	10	2017	2017	NUM
cblr-1726	540	11	localized	localize	VERB
cblr-1726	540	12	foreign	foreign	ADJ
cblr-1726	540	13	currency	currency	NOUN
cblr-1726	540	14	liquidity	liquidity	NOUN
cblr-1726	540	15	shocks.117	shocks.117	NOUN
cblr-1726	540	16	over	over	ADP
cblr-1726	540	17	the	the	DET
cblr-1726	540	18	course	course	NOUN
cblr-1726	540	19	of	of	ADP
cblr-1726	540	20	the	the	DET
cblr-1726	540	21	past	past	ADJ
cblr-1726	540	22	several	several	ADJ
cblr-1726	540	23	decades	decade	NOUN
cblr-1726	540	24	,	,	PUNCT
cblr-1726	540	25	however	however	ADV
cblr-1726	540	26	,	,	PUNCT
cblr-1726	540	27	the	the	DET
cblr-1726	540	28	emergence	emergence	NOUN
cblr-1726	540	29	and	and	CCONJ
cblr-1726	540	30	growth	growth	NOUN
cblr-1726	540	31	of	of	ADP
cblr-1726	540	32	the	the	DET
cblr-1726	540	33	eurodollar	eurodollar	PROPN
cblr-1726	540	34	market	market	NOUN
cblr-1726	540	35	has	have	AUX
cblr-1726	540	36	dramatically	dramatically	ADV
cblr-1726	540	37	increased	increase	VERB
cblr-1726	540	38	the	the	DET
cblr-1726	540	39	risk	risk	NOUN
cblr-1726	540	40	of	of	ADP
cblr-1726	540	41	more	more	ADJ
cblr-1726	540	42	systemic	systemic	ADJ
cblr-1726	540	43	foreign	foreign	ADJ
cblr-1726	540	44	currency	currency	NOUN
cblr-1726	540	45	liquidity	liquidity	NOUN
cblr-1726	540	46	problems	problem	NOUN
cblr-1726	540	47	and	and	CCONJ
cblr-1726	540	48	,	,	PUNCT
cblr-1726	540	49	with	with	ADP
cblr-1726	540	50	them	they	PRON
cblr-1726	540	51	,	,	PUNCT
cblr-1726	540	52	the	the	DET
cblr-1726	540	53	need	need	NOUN
cblr-1726	540	54	for	for	ADP
cblr-1726	540	55	an	an	DET
cblr-1726	540	56	effective	effective	ADJ
cblr-1726	540	57	framework	framework	NOUN
cblr-1726	540	58	for	for	ADP
cblr-1726	540	59	the	the	DET
cblr-1726	540	60	provision	provision	NOUN
cblr-1726	540	61	of	of	ADP
cblr-1726	540	62	fcla	fcla	NOUN
cblr-1726	540	63	.	.	PUNCT
cblr-1726	541	1	just	just	ADV
cblr-1726	541	2	how	how	SCONJ
cblr-1726	541	3	urgently	urgently	ADV
cblr-1726	541	4	this	this	DET
cblr-1726	541	5	framework	framework	NOUN
cblr-1726	541	6	was	be	AUX
cblr-1726	541	7	required	require	VERB
cblr-1726	541	8	would	would	AUX
cblr-1726	541	9	be	be	AUX
cblr-1726	541	10	exposed	expose	VERB
cblr-1726	541	11	by	by	ADP
cblr-1726	541	12	the	the	DET
cblr-1726	541	13	tumultuous	tumultuous	ADJ
cblr-1726	541	14	events	event	NOUN
cblr-1726	541	15	of	of	ADP
cblr-1726	541	16	2007	2007	NUM
cblr-1726	541	17	–	–	PUNCT
cblr-1726	541	18	2009	2009	NUM
cblr-1726	541	19	.	.	PUNCT
cblr-1726	542	1	iv	iv	X
cblr-1726	542	2	.	.	PUNCT
cblr-1726	543	1	the	the	DET
cblr-1726	543	2	eurodollar	eurodollar	PROPN
cblr-1726	543	3	market	market	NOUN
cblr-1726	543	4	and	and	CCONJ
cblr-1726	543	5	the	the	DET
cblr-1726	543	6	financial	financial	ADJ
cblr-1726	543	7	crisis	crisis	NOUN
cblr-1726	543	8	the	the	DET
cblr-1726	543	9	global	global	ADJ
cblr-1726	543	10	financial	financial	ADJ
cblr-1726	543	11	crisis	crisis	NOUN
cblr-1726	543	12	of	of	ADP
cblr-1726	543	13	2007–2009	2007–2009	NUM
cblr-1726	543	14	vividly	vividly	ADV
cblr-1726	543	15	illustrated	illustrate	VERB
cblr-1726	543	16	the	the	DET
cblr-1726	543	17	potential	potential	ADJ
cblr-1726	543	18	systemic	systemic	ADJ
cblr-1726	543	19	risks	risk	NOUN
cblr-1726	543	20	arising	arise	VERB
cblr-1726	543	21	from	from	ADP
cblr-1726	543	22	the	the	DET
cblr-1726	543	23	existence	existence	NOUN
cblr-1726	543	24	of	of	ADP
cblr-1726	543	25	a	a	DET
cblr-1726	543	26	large	large	ADJ
cblr-1726	543	27	eurodollar	eurodollar	PROPN
cblr-1726	543	28	market.118	market.118	NOUN
cblr-1726	543	29	between	between	ADP
cblr-1726	543	30	2000	2000	NUM
cblr-1726	543	31	and	and	CCONJ
cblr-1726	543	32	2007	2007	NUM
cblr-1726	543	33	,	,	PUNCT
cblr-1726	543	34	the	the	DET
cblr-1726	543	35	boom	boom	NOUN
cblr-1726	543	36	in	in	ADP
cblr-1726	543	37	u.s	u.s	PROPN
cblr-1726	543	38	.	.	PROPN
cblr-1726	543	39	real	real	ADJ
cblr-1726	543	40	estate	estate	NOUN
cblr-1726	543	41	markets	market	NOUN
cblr-1726	543	42	,	,	PUNCT
cblr-1726	543	43	the	the	DET
cblr-1726	543	44	demand	demand	NOUN
cblr-1726	543	45	for	for	ADP
cblr-1726	543	46	‘	'	PUNCT
cblr-1726	543	47	safe	safe	ADJ
cblr-1726	543	48	’	'	PUNCT
cblr-1726	543	49	assets	asset	NOUN
cblr-1726	543	50	such	such	ADJ
cblr-1726	543	51	as	as	ADP
cblr-1726	543	52	u.s	u.s	PROPN
cblr-1726	543	53	.	.	PROPN
cblr-1726	543	54	treasury	treasury	PROPN
cblr-1726	543	55	securities	security	NOUN
cblr-1726	543	56	,	,	PUNCT
cblr-1726	543	57	and	and	CCONJ
cblr-1726	543	58	the	the	DET
cblr-1726	543	59	globalization	globalization	NOUN
cblr-1726	543	60	of	of	ADP
cblr-1726	543	61	banking	banking	NOUN
cblr-1726	543	62	and	and	CCONJ
cblr-1726	543	63	institutional	institutional	ADJ
cblr-1726	543	64	asset	asset	NOUN
cblr-1726	543	65	management	management	NOUN
cblr-1726	543	66	combined	combine	VERB
cblr-1726	543	67	with	with	ADP
cblr-1726	543	68	other	other	ADJ
cblr-1726	543	69	factors	factor	NOUN
cblr-1726	543	70	to	to	PART
cblr-1726	543	71	spur	spur	VERB
cblr-1726	543	72	demand	demand	NOUN
cblr-1726	543	73	for	for	ADP
cblr-1726	543	74	u.s	u.s	PROPN
cblr-1726	543	75	.	.	PROPN
cblr-1726	543	76	dollar	dollar	NOUN
cblr-1726	543	77	-	-	PUNCT
cblr-1726	543	78	denominated	denominate	VERB
cblr-1726	543	79	financial	financial	ADJ
cblr-1726	543	80	assets	asset	NOUN
cblr-1726	543	81	by	by	ADP
cblr-1726	543	82	foreign	foreign	ADJ
cblr-1726	543	83	banks	bank	NOUN
cblr-1726	543	84	and	and	CCONJ
cblr-1726	543	85	other	other	ADJ
cblr-1726	543	86	financial	financial	ADJ
cblr-1726	543	87	institutions.119	institutions.119	NOUN
cblr-1726	543	88	the	the	DET
cblr-1726	543	89	bis	bis	PROPN
cblr-1726	543	90	estimates	estimate	VERB
cblr-1726	543	91	that	that	SCONJ
cblr-1726	543	92	the	the	DET
cblr-1726	543	93	outstanding	outstanding	ADJ
cblr-1726	543	94	stock	stock	NOUN
cblr-1726	543	95	of	of	ADP
cblr-1726	543	96	foreign	foreign	ADJ
cblr-1726	543	97	claims	claim	NOUN
cblr-1726	543	98	held	hold	VERB
cblr-1726	543	99	by	by	ADP
cblr-1726	543	100	banks	bank	NOUN
cblr-1726	543	101	grew	grow	VERB
cblr-1726	543	102	by	by	ADP
cblr-1726	543	103	roughly	roughly	ADV
cblr-1726	543	104	three	three	NUM
cblr-1726	543	105	times	time	NOUN
cblr-1726	543	106	during	during	ADP
cblr-1726	543	107	this	this	DET
cblr-1726	543	108	period	period	NOUN
cblr-1726	543	109	:	:	PUNCT
cblr-1726	543	110	from	from	ADP
cblr-1726	543	111	approximately	approximately	ADV
cblr-1726	543	112	$	$	SYM
cblr-1726	543	113	usd11	usd11	NOUN
cblr-1726	543	114	trillion	trillion	NUM
cblr-1726	543	115	at	at	ADP
cblr-1726	543	116	the	the	DET
cblr-1726	543	117	end	end	NOUN
cblr-1726	543	118	of	of	ADP
cblr-1726	543	119	2000	2000	NUM
cblr-1726	543	120	to	to	ADP
cblr-1726	543	121	117	117	NUM
cblr-1726	543	122	for	for	ADP
cblr-1726	543	123	example	example	NOUN
cblr-1726	543	124	,	,	PUNCT
cblr-1726	543	125	the	the	DET
cblr-1726	543	126	$	$	SYM
cblr-1726	543	127	usd6	usd6	PROPN
cblr-1726	543	128	billion	billion	NUM
cblr-1726	543	129	swap	swap	NOUN
cblr-1726	543	130	line	line	NOUN
cblr-1726	543	131	extended	extend	VERB
cblr-1726	543	132	by	by	ADP
cblr-1726	543	133	the	the	DET
cblr-1726	543	134	united	united	PROPN
cblr-1726	543	135	states	states	PROPN
cblr-1726	543	136	to	to	ADP
cblr-1726	543	137	mexico	mexico	PROPN
cblr-1726	543	138	in	in	ADP
cblr-1726	543	139	march	march	PROPN
cblr-1726	543	140	1994	1994	NUM
cblr-1726	543	141	in	in	ADP
cblr-1726	543	142	order	order	NOUN
cblr-1726	543	143	to	to	PART
cblr-1726	543	144	stabilize	stabilize	VERB
cblr-1726	543	145	the	the	DET
cblr-1726	543	146	peso	peso	NOUN
cblr-1726	543	147	following	follow	VERB
cblr-1726	543	148	the	the	DET
cblr-1726	543	149	assassination	assassination	NOUN
cblr-1726	543	150	of	of	ADP
cblr-1726	543	151	presidential	presidential	ADJ
cblr-1726	543	152	candidate	candidate	NOUN
cblr-1726	543	153	luis	luis	PROPN
cblr-1726	543	154	donaldo	donaldo	PROPN
cblr-1726	543	155	colosio	colosio	PROPN
cblr-1726	543	156	.	.	PUNCT
cblr-1726	544	1	see	see	VERB
cblr-1726	544	2	michael	michael	PROPN
cblr-1726	544	3	d.	d.	PROPN
cblr-1726	544	4	bordo	bordo	PROPN
cblr-1726	544	5	et	et	PROPN
cblr-1726	544	6	al	al	PROPN
cblr-1726	544	7	.	.	PROPN
cblr-1726	544	8	,	,	PUNCT
cblr-1726	544	9	strained	strained	ADJ
cblr-1726	544	10	relations	relation	NOUN
cblr-1726	544	11	:	:	PUNCT
cblr-1726	544	12	u.s	u.s	PROPN
cblr-1726	544	13	.	.	PROPN
cblr-1726	544	14	foreign	foreign	ADJ
cblr-1726	544	15	exchange	exchange	NOUN
cblr-1726	544	16	operations	operation	NOUN
cblr-1726	544	17	and	and	CCONJ
cblr-1726	544	18	monetary	monetary	ADJ
cblr-1726	544	19	policy	policy	NOUN
cblr-1726	544	20	in	in	ADP
cblr-1726	544	21	the	the	DET
cblr-1726	544	22	twentieth	twentieth	ADJ
cblr-1726	544	23	century	century	NOUN
cblr-1726	544	24	327	327	NUM
cblr-1726	544	25	(	(	PUNCT
cblr-1726	544	26	2015	2015	NUM
cblr-1726	544	27	)	)	PUNCT
cblr-1726	544	28	.	.	PUNCT
cblr-1726	545	1	118	118	NUM
cblr-1726	545	2	for	for	ADP
cblr-1726	545	3	one	one	NUM
cblr-1726	545	4	of	of	ADP
cblr-1726	545	5	the	the	DET
cblr-1726	545	6	first	first	ADJ
cblr-1726	545	7	legal	legal	ADJ
cblr-1726	545	8	accounts	account	NOUN
cblr-1726	545	9	of	of	ADP
cblr-1726	545	10	this	this	DET
cblr-1726	545	11	aspect	aspect	NOUN
cblr-1726	545	12	of	of	ADP
cblr-1726	545	13	the	the	DET
cblr-1726	545	14	financial	financial	ADJ
cblr-1726	545	15	crisis	crisis	NOUN
cblr-1726	545	16	and	and	CCONJ
cblr-1726	545	17	the	the	DET
cblr-1726	545	18	response	response	NOUN
cblr-1726	545	19	of	of	ADP
cblr-1726	545	20	the	the	DET
cblr-1726	545	21	federal	federal	PROPN
cblr-1726	545	22	reserve	reserve	PROPN
cblr-1726	545	23	,	,	PUNCT
cblr-1726	545	24	see	see	VERB
cblr-1726	545	25	colleen	colleen	PROPN
cblr-1726	545	26	baker	baker	PROPN
cblr-1726	545	27	,	,	PUNCT
cblr-1726	545	28	the	the	DET
cblr-1726	545	29	federal	federal	PROPN
cblr-1726	545	30	reserve	reserve	PROPN
cblr-1726	545	31	’s	’s	PART
cblr-1726	545	32	use	use	NOUN
cblr-1726	545	33	of	of	ADP
cblr-1726	545	34	international	international	ADJ
cblr-1726	545	35	swap	swap	NOUN
cblr-1726	545	36	lines	line	NOUN
cblr-1726	545	37	,	,	PUNCT
cblr-1726	545	38	55	55	NUM
cblr-1726	545	39	ariz	ariz	NOUN
cblr-1726	545	40	.	.	PUNCT
cblr-1726	546	1	l.	l.	PROPN
cblr-1726	546	2	rev	rev	PROPN
cblr-1726	546	3	.	.	PROPN
cblr-1726	546	4	603	603	NUM
cblr-1726	546	5	(	(	PUNCT
cblr-1726	546	6	2013	2013	NUM
cblr-1726	546	7	)	)	PUNCT
cblr-1726	546	8	.	.	PUNCT
cblr-1726	547	1	119	119	NUM
cblr-1726	547	2	see	see	VERB
cblr-1726	547	3	patrick	patrick	PROPN
cblr-1726	547	4	mcguire	mcguire	PROPN
cblr-1726	547	5	&	&	CCONJ
cblr-1726	547	6	goetz	goetz	PROPN
cblr-1726	547	7	von	von	PROPN
cblr-1726	547	8	peter	peter	PROPN
cblr-1726	547	9	,	,	PUNCT
cblr-1726	547	10	the	the	DET
cblr-1726	547	11	us	us	PROPN
cblr-1726	547	12	dollar	dollar	NOUN
cblr-1726	547	13	shortage	shortage	NOUN
cblr-1726	547	14	in	in	ADP
cblr-1726	547	15	global	global	ADJ
cblr-1726	547	16	banking	banking	NOUN
cblr-1726	547	17	,	,	PUNCT
cblr-1726	547	18	bis	bis	PROPN
cblr-1726	547	19	q.	q.	PROPN
cblr-1726	547	20	rev	rev	PROPN
cblr-1726	547	21	.	.	PROPN
cblr-1726	547	22	,	,	PUNCT
cblr-1726	547	23	mar	mar	PROPN
cblr-1726	547	24	.	.	PROPN
cblr-1726	547	25	2009	2009	NUM
cblr-1726	547	26	,	,	PUNCT
cblr-1726	547	27	at	at	ADP
cblr-1726	547	28	47	47	NUM
cblr-1726	547	29	;	;	PUNCT
cblr-1726	547	30	ben	ben	PROPN
cblr-1726	547	31	s.	s.	PROPN
cblr-1726	547	32	bernanke	bernanke	PROPN
cblr-1726	547	33	et	et	PROPN
cblr-1726	547	34	al	al	PROPN
cblr-1726	547	35	.	.	PROPN
cblr-1726	547	36	,	,	PUNCT
cblr-1726	547	37	international	international	ADJ
cblr-1726	547	38	capital	capital	NOUN
cblr-1726	547	39	flows	flow	NOUN
cblr-1726	547	40	and	and	CCONJ
cblr-1726	547	41	the	the	DET
cblr-1726	547	42	returns	return	NOUN
cblr-1726	547	43	to	to	ADP
cblr-1726	547	44	safe	safe	ADJ
cblr-1726	547	45	assets	asset	NOUN
cblr-1726	547	46	in	in	ADP
cblr-1726	547	47	the	the	DET
cblr-1726	547	48	united	united	PROPN
cblr-1726	547	49	states	states	PROPN
cblr-1726	547	50	,	,	PUNCT
cblr-1726	547	51	2003–2007	2003–2007	NUM
cblr-1726	547	52	(	(	PUNCT
cblr-1726	547	53	bd	bd	PROPN
cblr-1726	547	54	.	.	NOUN
cblr-1726	547	55	of	of	ADP
cblr-1726	547	56	governors	governor	NOUN
cblr-1726	547	57	of	of	ADP
cblr-1726	547	58	the	the	DET
cblr-1726	547	59	fed	fed	PROPN
cblr-1726	547	60	.	.	PUNCT
cblr-1726	548	1	res	re	NOUN
cblr-1726	548	2	.	.	PROPN
cblr-1726	548	3	,	,	PUNCT
cblr-1726	548	4	int’l	int’l	NUM
cblr-1726	548	5	fin	fin	NOUN
cblr-1726	548	6	discussion	discussion	NOUN
cblr-1726	548	7	papers	paper	NOUN
cblr-1726	548	8	,	,	PUNCT
cblr-1726	548	9	no	no	INTJ
cblr-1726	548	10	.	.	NOUN
cblr-1726	548	11	1014	1014	NUM
cblr-1726	548	12	,	,	PUNCT
cblr-1726	548	13	2011	2011	NUM
cblr-1726	548	14	)	)	PUNCT
cblr-1726	548	15	;	;	PUNCT
cblr-1726	548	16	naohiko	naohiko	NOUN
cblr-1726	548	17	baba	baba	PROPN
cblr-1726	548	18	et	et	PROPN
cblr-1726	548	19	al	al	PROPN
cblr-1726	548	20	.	.	PROPN
cblr-1726	548	21	,	,	PUNCT
cblr-1726	548	22	us	us	PROPN
cblr-1726	548	23	dollar	dollar	NOUN
cblr-1726	548	24	money	money	NOUN
cblr-1726	548	25	market	market	NOUN
cblr-1726	548	26	funds	fund	NOUN
cblr-1726	548	27	and	and	CCONJ
cblr-1726	548	28	non	non	ADJ
cblr-1726	548	29	-	-	ADJ
cblr-1726	548	30	us	us	ADJ
cblr-1726	548	31	banks	bank	NOUN
cblr-1726	548	32	,	,	PUNCT
cblr-1726	548	33	bis	bis	PROPN
cblr-1726	548	34	q.	q.	PROPN
cblr-1726	548	35	rev	rev	PROPN
cblr-1726	548	36	.	.	PROPN
cblr-1726	548	37	,	,	PUNCT
cblr-1726	548	38	mar	mar	PROPN
cblr-1726	548	39	.	.	PROPN
cblr-1726	548	40	2009	2009	NUM
cblr-1726	548	41	,	,	PUNCT
cblr-1726	548	42	at	at	ADP
cblr-1726	548	43	65	65	NUM
cblr-1726	548	44	.	.	PUNCT
cblr-1726	549	1	awrey	awrey	PROPN
cblr-1726	549	2	–	–	PUNCT
cblr-1726	549	3	final	final	ADJ
cblr-1726	549	4	no	no	NOUN
cblr-1726	549	5	.	.	PUNCT
cblr-1726	550	1	3:934	3:934	X
cblr-1726	550	2	]	]	X
cblr-1726	550	3	foreign	foreign	ADJ
cblr-1726	550	4	currency	currency	NOUN
cblr-1726	550	5	liquidity	liquidity	NOUN
cblr-1726	550	6	assistance	assistance	NOUN
cblr-1726	550	7	973	973	NUM
cblr-1726	550	8	$	$	SYM
cblr-1726	550	9	usd31	usd31	NOUN
cblr-1726	550	10	trillion	trillion	NUM
cblr-1726	550	11	by	by	ADP
cblr-1726	550	12	the	the	DET
cblr-1726	550	13	summer	summer	NOUN
cblr-1726	550	14	of	of	ADP
cblr-1726	550	15	2007.120	2007.120	NUM
cblr-1726	550	16	a	a	DET
cblr-1726	550	17	significant	significant	ADJ
cblr-1726	550	18	proportion	proportion	NOUN
cblr-1726	550	19	of	of	ADP
cblr-1726	550	20	these	these	DET
cblr-1726	550	21	claims	claim	NOUN
cblr-1726	550	22	were	be	AUX
cblr-1726	550	23	denominated	denominate	VERB
cblr-1726	550	24	in	in	ADP
cblr-1726	550	25	foreign	foreign	ADJ
cblr-1726	550	26	currencies.121	currencies.121	NOUN
cblr-1726	550	27	many	many	ADJ
cblr-1726	550	28	of	of	ADP
cblr-1726	550	29	the	the	DET
cblr-1726	550	30	foreign	foreign	ADJ
cblr-1726	550	31	banks	bank	NOUN
cblr-1726	550	32	and	and	CCONJ
cblr-1726	550	33	other	other	ADJ
cblr-1726	550	34	financial	financial	ADJ
cblr-1726	550	35	institutions	institution	NOUN
cblr-1726	550	36	that	that	PRON
cblr-1726	550	37	purchased	purchase	VERB
cblr-1726	550	38	u.s	u.s	PROPN
cblr-1726	550	39	.	.	PROPN
cblr-1726	550	40	dollar	dollar	NOUN
cblr-1726	550	41	-	-	PUNCT
cblr-1726	550	42	denominated	denominate	VERB
cblr-1726	550	43	assets	asset	NOUN
cblr-1726	550	44	financed	finance	VERB
cblr-1726	550	45	them	they	PRON
cblr-1726	550	46	using	use	VERB
cblr-1726	550	47	one	one	NUM
cblr-1726	550	48	or	or	CCONJ
cblr-1726	550	49	a	a	DET
cblr-1726	550	50	combination	combination	NOUN
cblr-1726	550	51	of	of	ADP
cblr-1726	550	52	u.s	u.s	PROPN
cblr-1726	550	53	.	.	PROPN
cblr-1726	550	54	dollar	dollar	NOUN
cblr-1726	550	55	deposits	deposit	NOUN
cblr-1726	550	56	,	,	PUNCT
cblr-1726	550	57	overnight	overnight	ADV
cblr-1726	550	58	repo	repo	NOUN
cblr-1726	550	59	,	,	PUNCT
cblr-1726	550	60	and	and	CCONJ
cblr-1726	550	61	short	short	ADJ
cblr-1726	550	62	-	-	PUNCT
cblr-1726	550	63	term	term	NOUN
cblr-1726	550	64	commercial	commercial	ADJ
cblr-1726	550	65	paper.122	paper.122	NOUN
cblr-1726	550	66	many	many	ADJ
cblr-1726	550	67	institutions	institution	NOUN
cblr-1726	550	68	also	also	ADV
cblr-1726	550	69	relied	rely	VERB
cblr-1726	550	70	on	on	ADP
cblr-1726	550	71	f	f	PROPN
cblr-1726	550	72	/	/	SYM
cblr-1726	550	73	x	x	PROPN
cblr-1726	550	74	swap	swap	NOUN
cblr-1726	550	75	markets	market	NOUN
cblr-1726	550	76	to	to	PART
cblr-1726	550	77	convert	convert	VERB
cblr-1726	550	78	their	their	PRON
cblr-1726	550	79	domestic	domestic	ADJ
cblr-1726	550	80	currency	currency	NOUN
cblr-1726	550	81	holdings	holding	NOUN
cblr-1726	550	82	into	into	ADP
cblr-1726	550	83	u.s	u.s	PROPN
cblr-1726	550	84	.	.	PROPN
cblr-1726	550	85	dollars.123	dollars.123	NOUN
cblr-1726	550	86	as	as	ADP
cblr-1726	550	87	a	a	DET
cblr-1726	550	88	result	result	NOUN
cblr-1726	550	89	,	,	PUNCT
cblr-1726	550	90	the	the	DET
cblr-1726	550	91	longer	long	ADJ
cblr-1726	550	92	term	term	NOUN
cblr-1726	550	93	u.s	u.s	PROPN
cblr-1726	550	94	.	.	PROPN
cblr-1726	550	95	dollar	dollar	NOUN
cblr-1726	550	96	-	-	PUNCT
cblr-1726	550	97	denominated	denominate	VERB
cblr-1726	550	98	assets	asset	NOUN
cblr-1726	550	99	held	hold	VERB
cblr-1726	550	100	by	by	ADP
cblr-1726	550	101	foreign	foreign	ADJ
cblr-1726	550	102	banks	bank	NOUN
cblr-1726	550	103	and	and	CCONJ
cblr-1726	550	104	other	other	ADJ
cblr-1726	550	105	financial	financial	ADJ
cblr-1726	550	106	institutions	institution	NOUN
cblr-1726	550	107	were	be	AUX
cblr-1726	550	108	often	often	ADV
cblr-1726	550	109	supported	support	VERB
cblr-1726	550	110	by	by	ADP
cblr-1726	550	111	very	very	ADV
cblr-1726	550	112	short	short	ADJ
cblr-1726	550	113	-	-	PUNCT
cblr-1726	550	114	term	term	NOUN
cblr-1726	550	115	liabilities	liability	NOUN
cblr-1726	550	116	that	that	PRON
cblr-1726	550	117	,	,	PUNCT
cblr-1726	550	118	in	in	ADP
cblr-1726	550	119	effect	effect	NOUN
cblr-1726	550	120	,	,	PUNCT
cblr-1726	550	121	required	require	VERB
cblr-1726	550	122	these	these	DET
cblr-1726	550	123	institutions	institution	NOUN
cblr-1726	550	124	to	to	PART
cblr-1726	550	125	rollover	rollover	VERB
cblr-1726	550	126	their	their	PRON
cblr-1726	550	127	u.s	u.s	PROPN
cblr-1726	550	128	.	.	PROPN
cblr-1726	550	129	dollar	dollar	NOUN
cblr-1726	550	130	funding	funding	NOUN
cblr-1726	550	131	on	on	ADP
cblr-1726	550	132	a	a	DET
cblr-1726	550	133	more	more	ADV
cblr-1726	550	134	or	or	CCONJ
cblr-1726	550	135	less	less	ADV
cblr-1726	550	136	continuous	continuous	ADJ
cblr-1726	550	137	basis.124	basis.124	NOUN
cblr-1726	550	138	this	this	DET
cblr-1726	550	139	funding	funding	NOUN
cblr-1726	550	140	model	model	NOUN
cblr-1726	550	141	gave	give	VERB
cblr-1726	550	142	rise	rise	NOUN
cblr-1726	550	143	to	to	ADP
cblr-1726	550	144	an	an	DET
cblr-1726	550	145	acute	acute	ADJ
cblr-1726	550	146	form	form	NOUN
cblr-1726	550	147	of	of	ADP
cblr-1726	550	148	funding	funding	NOUN
cblr-1726	550	149	(	(	PUNCT
cblr-1726	550	150	or	or	CCONJ
cblr-1726	550	151	‘	'	PUNCT
cblr-1726	550	152	rollover	rollover	NOUN
cblr-1726	550	153	’	'	PUNCT
cblr-1726	550	154	)	)	PUNCT
cblr-1726	550	155	risk	risk	NOUN
cblr-1726	550	156	:	:	PUNCT
cblr-1726	550	157	the	the	DET
cblr-1726	550	158	risk	risk	NOUN
cblr-1726	550	159	that	that	SCONJ
cblr-1726	550	160	the	the	DET
cblr-1726	550	161	amount	amount	NOUN
cblr-1726	550	162	of	of	ADP
cblr-1726	550	163	new	new	ADJ
cblr-1726	550	164	short	short	ADJ
cblr-1726	550	165	-	-	PUNCT
cblr-1726	550	166	term	term	NOUN
cblr-1726	550	167	dollar	dollar	NOUN
cblr-1726	550	168	funding	funding	NOUN
cblr-1726	550	169	that	that	PRON
cblr-1726	550	170	these	these	DET
cblr-1726	550	171	institutions	institution	NOUN
cblr-1726	550	172	would	would	AUX
cblr-1726	550	173	be	be	AUX
cblr-1726	550	174	able	able	ADJ
cblr-1726	550	175	to	to	PART
cblr-1726	550	176	raise	raise	VERB
cblr-1726	550	177	in	in	ADP
cblr-1726	550	178	any	any	DET
cblr-1726	550	179	given	give	VERB
cblr-1726	550	180	period	period	NOUN
cblr-1726	550	181	would	would	AUX
cblr-1726	550	182	be	be	AUX
cblr-1726	550	183	insufficient	insufficient	ADJ
cblr-1726	550	184	to	to	PART
cblr-1726	550	185	meet	meet	VERB
cblr-1726	550	186	its	its	PRON
cblr-1726	550	187	obligations	obligation	NOUN
cblr-1726	550	188	to	to	ADP
cblr-1726	550	189	holders	holder	NOUN
cblr-1726	550	190	of	of	ADP
cblr-1726	550	191	maturing	mature	VERB
cblr-1726	550	192	short	short	ADJ
cblr-1726	550	193	-	-	PUNCT
cblr-1726	550	194	term	term	NOUN
cblr-1726	550	195	dollar	dollar	NOUN
cblr-1726	550	196	liabilities.125	liabilities.125	NOUN
cblr-1726	550	197	most	most	ADV
cblr-1726	550	198	importantly	importantly	ADV
cblr-1726	550	199	,	,	PUNCT
cblr-1726	550	200	this	this	DET
cblr-1726	550	201	funding	funding	NOUN
cblr-1726	550	202	model	model	NOUN
cblr-1726	550	203	left	leave	VERB
cblr-1726	550	204	these	these	DET
cblr-1726	550	205	institutions	institution	NOUN
cblr-1726	550	206	highly	highly	ADV
cblr-1726	550	207	vulnerable	vulnerable	ADJ
cblr-1726	550	208	to	to	ADP
cblr-1726	550	209	the	the	DET
cblr-1726	550	210	breakdown	breakdown	NOUN
cblr-1726	550	211	of	of	ADP
cblr-1726	550	212	repo	repo	NOUN
cblr-1726	550	213	,	,	PUNCT
cblr-1726	550	214	commercial	commercial	ADJ
cblr-1726	550	215	paper	paper	NOUN
cblr-1726	550	216	,	,	PUNCT
cblr-1726	550	217	and	and	CCONJ
cblr-1726	550	218	f	f	X
cblr-1726	550	219	/	/	SYM
cblr-1726	550	220	x	x	VERB
cblr-1726	550	221	swap	swap	NOUN
cblr-1726	550	222	markets	market	NOUN
cblr-1726	550	223	.	.	PUNCT
cblr-1726	551	1	in	in	ADP
cblr-1726	551	2	august	august	PROPN
cblr-1726	551	3	2007	2007	NUM
cblr-1726	551	4	,	,	PUNCT
cblr-1726	551	5	what	what	PRON
cblr-1726	551	6	began	begin	VERB
cblr-1726	551	7	as	as	ADP
cblr-1726	551	8	a	a	DET
cblr-1726	551	9	localized	localized	ADJ
cblr-1726	551	10	disruption	disruption	NOUN
cblr-1726	551	11	within	within	ADP
cblr-1726	551	12	the	the	DET
cblr-1726	551	13	u.s	u.s	PROPN
cblr-1726	551	14	.	.	PROPN
cblr-1726	551	15	subprime	subprime	ADJ
cblr-1726	551	16	mortgage	mortgage	NOUN
cblr-1726	551	17	market	market	NOUN
cblr-1726	551	18	metastasized	metastasize	VERB
cblr-1726	551	19	into	into	ADP
cblr-1726	551	20	a	a	DET
cblr-1726	551	21	full	full	ADV
cblr-1726	551	22	-	-	PUNCT
cblr-1726	551	23	blown	blow	VERB
cblr-1726	551	24	crisis	crisis	NOUN
cblr-1726	551	25	within	within	ADP
cblr-1726	551	26	international	international	ADJ
cblr-1726	551	27	wholesale	wholesale	ADJ
cblr-1726	551	28	funding	funding	NOUN
cblr-1726	551	29	markets	market	NOUN
cblr-1726	551	30	.	.	PUNCT
cblr-1726	552	1	as	as	SCONJ
cblr-1726	552	2	described	describe	VERB
cblr-1726	552	3	by	by	ADP
cblr-1726	552	4	gary	gary	PROPN
cblr-1726	552	5	gorton	gorton	PROPN
cblr-1726	552	6	and	and	CCONJ
cblr-1726	552	7	andrew	andrew	PROPN
cblr-1726	552	8	metrick	metrick	PROPN
cblr-1726	552	9	,	,	PUNCT
cblr-1726	552	10	120	120	NUM
cblr-1726	552	11	mcguire	mcguire	PROPN
cblr-1726	552	12	&	&	CCONJ
cblr-1726	552	13	von	von	PROPN
cblr-1726	552	14	peter	peter	PROPN
cblr-1726	552	15	,	,	PUNCT
cblr-1726	552	16	supra	supra	PROPN
cblr-1726	552	17	note	note	PROPN
cblr-1726	552	18	119	119	NUM
cblr-1726	552	19	,	,	PUNCT
cblr-1726	552	20	at	at	ADP
cblr-1726	552	21	50	50	NUM
cblr-1726	552	22	.	.	NUM
cblr-1726	552	23	121	121	NUM
cblr-1726	553	1	i	i	PRON
cblr-1726	553	2	d.	d.	PROPN
cblr-1726	553	3	122	122	NUM
cblr-1726	554	1	i	i	PRON
cblr-1726	554	2	d.	d.	PROPN
cblr-1726	554	3	123	123	NUM
cblr-1726	554	4	see	see	VERB
cblr-1726	554	5	william	william	PROPN
cblr-1726	554	6	a.	a.	PROPN
cblr-1726	554	7	allen	allen	PROPN
cblr-1726	554	8	,	,	PUNCT
cblr-1726	554	9	international	international	ADJ
cblr-1726	554	10	liquidity	liquidity	NOUN
cblr-1726	554	11	and	and	CCONJ
cblr-1726	554	12	the	the	DET
cblr-1726	554	13	financial	financial	ADJ
cblr-1726	554	14	crisis	crisis	NOUN
cblr-1726	554	15	33	33	NUM
cblr-1726	554	16	(	(	PUNCT
cblr-1726	554	17	2013	2013	NUM
cblr-1726	554	18	)	)	PUNCT
cblr-1726	554	19	.	.	PUNCT
cblr-1726	555	1	this	this	DET
cblr-1726	555	2	funding	funding	NOUN
cblr-1726	555	3	model	model	NOUN
cblr-1726	555	4	involved	involve	VERB
cblr-1726	555	5	selling	sell	VERB
cblr-1726	555	6	the	the	DET
cblr-1726	555	7	domestic	domestic	ADJ
cblr-1726	555	8	currency	currency	NOUN
cblr-1726	555	9	spot	spot	NOUN
cblr-1726	555	10	(	(	PUNCT
cblr-1726	555	11	for	for	ADP
cblr-1726	555	12	dollars	dollar	NOUN
cblr-1726	555	13	)	)	PUNCT
cblr-1726	555	14	and	and	CCONJ
cblr-1726	555	15	buying	buy	VERB
cblr-1726	555	16	it	it	PRON
cblr-1726	555	17	forward	forward	ADV
cblr-1726	555	18	(	(	PUNCT
cblr-1726	555	19	with	with	ADP
cblr-1726	555	20	dollars	dollar	NOUN
cblr-1726	555	21	)	)	PUNCT
cblr-1726	555	22	.	.	PUNCT
cblr-1726	556	1	this	this	PRON
cblr-1726	556	2	,	,	PUNCT
cblr-1726	556	3	in	in	ADP
cblr-1726	556	4	turn	turn	NOUN
cblr-1726	556	5	,	,	PUNCT
cblr-1726	556	6	required	require	VERB
cblr-1726	556	7	the	the	DET
cblr-1726	556	8	institution	institution	NOUN
cblr-1726	556	9	to	to	PART
cblr-1726	556	10	have	have	VERB
cblr-1726	556	11	access	access	NOUN
cblr-1726	556	12	to	to	ADP
cblr-1726	556	13	the	the	DET
cblr-1726	556	14	u.s	u.s	PROPN
cblr-1726	556	15	.	.	PROPN
cblr-1726	556	16	dollars	dollar	NOUN
cblr-1726	556	17	necessary	necessary	ADJ
cblr-1726	556	18	to	to	PART
cblr-1726	556	19	repurchase	repurchase	VERB
cblr-1726	556	20	the	the	DET
cblr-1726	556	21	domestic	domestic	ADJ
cblr-1726	556	22	currency	currency	NOUN
cblr-1726	556	23	.	.	PUNCT
cblr-1726	557	1	as	as	SCONJ
cblr-1726	557	2	the	the	DET
cblr-1726	557	3	crisis	crisis	NOUN
cblr-1726	557	4	unfolded	unfold	VERB
cblr-1726	557	5	,	,	PUNCT
cblr-1726	557	6	the	the	DET
cblr-1726	557	7	withdrawal	withdrawal	NOUN
cblr-1726	557	8	of	of	ADP
cblr-1726	557	9	liquidity	liquidity	NOUN
cblr-1726	557	10	from	from	ADP
cblr-1726	557	11	wholesale	wholesale	ADJ
cblr-1726	557	12	funding	funding	NOUN
cblr-1726	557	13	markets	market	NOUN
cblr-1726	557	14	generated	generate	VERB
cblr-1726	557	15	significant	significant	ADJ
cblr-1726	557	16	upward	upward	ADJ
cblr-1726	557	17	pressure	pressure	NOUN
cblr-1726	557	18	on	on	ADP
cblr-1726	557	19	prices	price	NOUN
cblr-1726	557	20	with	with	ADP
cblr-1726	557	21	f	f	PROPN
cblr-1726	557	22	/	/	SYM
cblr-1726	557	23	x	x	NOUN
cblr-1726	557	24	swap	swap	NOUN
cblr-1726	557	25	markets	market	NOUN
cblr-1726	557	26	.	.	PUNCT
cblr-1726	558	1	i	i	PRON
cblr-1726	558	2	d.	d.	PROPN
cblr-1726	558	3	at	at	ADP
cblr-1726	558	4	50–51	50–51	NUM
cblr-1726	558	5	.	.	PUNCT
cblr-1726	559	1	124	124	NUM
cblr-1726	559	2	mcguire	mcguire	PROPN
cblr-1726	559	3	&	&	CCONJ
cblr-1726	559	4	von	von	PROPN
cblr-1726	559	5	peter	peter	PROPN
cblr-1726	559	6	,	,	PUNCT
cblr-1726	559	7	supra	supra	PROPN
cblr-1726	559	8	note	note	PROPN
cblr-1726	559	9	119	119	NUM
cblr-1726	559	10	,	,	PUNCT
cblr-1726	559	11	at	at	ADP
cblr-1726	559	12	48	48	NUM
cblr-1726	559	13	,	,	PUNCT
cblr-1726	559	14	53	53	NUM
cblr-1726	559	15	.	.	NUM
cblr-1726	559	16	125	125	NUM
cblr-1726	560	1	i	i	PROPN
cblr-1726	560	2	d.	d.	PROPN
cblr-1726	560	3	awrey	awrey	PROPN
cblr-1726	560	4	–	–	PUNCT
cblr-1726	560	5	final	final	ADJ
cblr-1726	560	6	974	974	NUM
cblr-1726	560	7	columbia	columbia	PROPN
cblr-1726	560	8	business	business	NOUN
cblr-1726	560	9	law	law	PROPN
cblr-1726	560	10	review	review	NOUN
cblr-1726	561	1	[	[	X
cblr-1726	561	2	vol	vol	NOUN
cblr-1726	561	3	.	.	NOUN
cblr-1726	561	4	2017	2017	NUM
cblr-1726	561	5	concerns	concern	NOUN
cblr-1726	561	6	about	about	ADP
cblr-1726	561	7	counterparty	counterparty	NOUN
cblr-1726	561	8	credit	credit	NOUN
cblr-1726	561	9	risk	risk	NOUN
cblr-1726	561	10	led	lead	VERB
cblr-1726	561	11	to	to	ADP
cblr-1726	561	12	a	a	DET
cblr-1726	561	13	dramatic	dramatic	ADJ
cblr-1726	561	14	increase	increase	NOUN
cblr-1726	561	15	in	in	ADP
cblr-1726	561	16	the	the	DET
cblr-1726	561	17	costs	cost	NOUN
cblr-1726	561	18	of	of	ADP
cblr-1726	561	19	repo	repo	NOUN
cblr-1726	561	20	financing.126	financing.126	NOUN
cblr-1726	561	21	these	these	DET
cblr-1726	561	22	concerns	concern	NOUN
cblr-1726	561	23	also	also	ADV
cblr-1726	561	24	precipitated	precipitate	VERB
cblr-1726	561	25	the	the	DET
cblr-1726	561	26	withdrawal	withdrawal	NOUN
cblr-1726	561	27	of	of	ADP
cblr-1726	561	28	liquidity	liquidity	NOUN
cblr-1726	561	29	from	from	ADP
cblr-1726	561	30	both	both	CCONJ
cblr-1726	561	31	the	the	DET
cblr-1726	561	32	commercial	commercial	ADJ
cblr-1726	561	33	paper127	paper127	PROPN
cblr-1726	561	34	and	and	CCONJ
cblr-1726	561	35	f	f	X
cblr-1726	561	36	/	/	SYM
cblr-1726	561	37	x	x	PROPN
cblr-1726	561	38	swap	swap	VERB
cblr-1726	561	39	markets.128	markets.128	ADV
cblr-1726	561	40	as	as	SCONJ
cblr-1726	561	41	this	this	DET
cblr-1726	561	42	liquidity	liquidity	NOUN
cblr-1726	561	43	evaporated	evaporate	VERB
cblr-1726	561	44	,	,	PUNCT
cblr-1726	561	45	financial	financial	ADJ
cblr-1726	561	46	institutions	institution	NOUN
cblr-1726	561	47	in	in	ADP
cblr-1726	561	48	the	the	DET
cblr-1726	561	49	united	united	PROPN
cblr-1726	561	50	states	states	PROPN
cblr-1726	561	51	began	begin	VERB
cblr-1726	561	52	to	to	PART
cblr-1726	561	53	accumulate	accumulate	VERB
cblr-1726	561	54	dollars	dollar	NOUN
cblr-1726	561	55	for	for	ADP
cblr-1726	561	56	the	the	DET
cblr-1726	561	57	purposes	purpose	NOUN
cblr-1726	561	58	of	of	ADP
cblr-1726	561	59	meeting	meet	VERB
cblr-1726	561	60	their	their	PRON
cblr-1726	561	61	domestic	domestic	ADJ
cblr-1726	561	62	liabilities	liability	NOUN
cblr-1726	561	63	,	,	PUNCT
cblr-1726	561	64	resulting	result	VERB
cblr-1726	561	65	in	in	ADP
cblr-1726	561	66	a	a	DET
cblr-1726	561	67	corresponding	corresponding	ADJ
cblr-1726	561	68	decrease	decrease	NOUN
cblr-1726	561	69	in	in	ADP
cblr-1726	561	70	the	the	DET
cblr-1726	561	71	availability	availability	NOUN
cblr-1726	561	72	of	of	ADP
cblr-1726	561	73	u.s	u.s	PROPN
cblr-1726	561	74	.	.	PROPN
cblr-1726	561	75	dollar	dollar	NOUN
cblr-1726	561	76	funding	funding	NOUN
cblr-1726	561	77	for	for	ADP
cblr-1726	561	78	financial	financial	ADJ
cblr-1726	561	79	institutions	institution	NOUN
cblr-1726	561	80	in	in	ADP
cblr-1726	561	81	other	other	ADJ
cblr-1726	561	82	jurisdictions.129	jurisdictions.129	PROPN
cblr-1726	561	83	as	as	ADP
cblr-1726	561	84	a	a	DET
cblr-1726	561	85	result	result	NOUN
cblr-1726	561	86	,	,	PUNCT
cblr-1726	561	87	financial	financial	ADJ
cblr-1726	561	88	institutions	institution	NOUN
cblr-1726	561	89	outside	outside	ADP
cblr-1726	561	90	the	the	DET
cblr-1726	561	91	united	united	PROPN
cblr-1726	561	92	states	states	PROPN
cblr-1726	561	93	found	find	VERB
cblr-1726	561	94	it	it	PRON
cblr-1726	561	95	increasingly	increasingly	ADV
cblr-1726	561	96	expensive	expensive	ADJ
cblr-1726	561	97	—	—	PUNCT
cblr-1726	561	98	and	and	CCONJ
cblr-1726	561	99	in	in	ADP
cblr-1726	561	100	some	some	DET
cblr-1726	561	101	cases	case	NOUN
cblr-1726	561	102	impossible	impossible	ADJ
cblr-1726	561	103	—	—	PUNCT
cblr-1726	561	104	to	to	PART
cblr-1726	561	105	roll	roll	VERB
cblr-1726	561	106	over	over	ADP
cblr-1726	561	107	their	their	PRON
cblr-1726	561	108	short	short	ADJ
cblr-1726	561	109	-	-	PUNCT
cblr-1726	561	110	term	term	NOUN
cblr-1726	561	111	u.s	u.s	PROPN
cblr-1726	561	112	dollar	dollar	NOUN
cblr-1726	561	113	liabilities.130	liabilities.130	NOUN
cblr-1726	561	114	the	the	DET
cblr-1726	561	115	bis	bis	PROPN
cblr-1726	561	116	estimates	estimate	VERB
cblr-1726	561	117	that	that	SCONJ
cblr-1726	561	118	this	this	DET
cblr-1726	561	119	u.s	u.s	PROPN
cblr-1726	561	120	.	.	PROPN
cblr-1726	561	121	dollar	dollar	NOUN
cblr-1726	561	122	funding	funding	NOUN
cblr-1726	561	123	gap	gap	NOUN
cblr-1726	561	124	for	for	ADP
cblr-1726	561	125	european	european	ADJ
cblr-1726	561	126	banks	bank	NOUN
cblr-1726	561	127	was	be	AUX
cblr-1726	561	128	somewhere	somewhere	ADV
cblr-1726	561	129	between	between	ADP
cblr-1726	561	130	$	$	SYM
cblr-1726	561	131	usd1.1	usd1.1	NOUN
cblr-1726	561	132	and	and	CCONJ
cblr-1726	561	133	1.3	1.3	NUM
cblr-1726	561	134	trillion	trillion	NUM
cblr-1726	561	135	as	as	ADP
cblr-1726	561	136	of	of	ADP
cblr-1726	561	137	the	the	DET
cblr-1726	561	138	summer	summer	NOUN
cblr-1726	561	139	of	of	ADP
cblr-1726	561	140	2007.131	2007.131	NUM
cblr-1726	561	141	significant	significant	ADJ
cblr-1726	561	142	funding	funding	NOUN
cblr-1726	561	143	gaps	gap	NOUN
cblr-1726	561	144	also	also	ADV
cblr-1726	561	145	emerged	emerge	VERB
cblr-1726	561	146	for	for	ADP
cblr-1726	561	147	japanese	japanese	ADJ
cblr-1726	561	148	yen	yen	NOUN
cblr-1726	561	149	in	in	ADP
cblr-1726	561	150	the	the	DET
cblr-1726	561	151	united	united	ADJ
cblr-1726	561	152	kingdom	kingdom	PROPN
cblr-1726	561	153	,	,	PUNCT
cblr-1726	561	154	for	for	ADP
cblr-1726	561	155	euros	euro	NOUN
cblr-1726	561	156	in	in	ADP
cblr-1726	561	157	the	the	DET
cblr-1726	561	158	united	united	PROPN
cblr-1726	561	159	states	states	PROPN
cblr-1726	561	160	,	,	PUNCT
cblr-1726	561	161	and	and	CCONJ
cblr-1726	561	162	for	for	ADP
cblr-1726	561	163	swiss	swiss	ADJ
cblr-1726	561	164	francs	franc	NOUN
cblr-1726	561	165	in	in	ADP
cblr-1726	561	166	the	the	DET
cblr-1726	561	167	euro	euro	NOUN
cblr-1726	561	168	area.132	area.132	DET
cblr-1726	561	169	financial	financial	ADJ
cblr-1726	561	170	institutions	institution	NOUN
cblr-1726	561	171	seeking	seek	VERB
cblr-1726	561	172	to	to	PART
cblr-1726	561	173	plug	plug	VERB
cblr-1726	561	174	this	this	DET
cblr-1726	561	175	u.s	u.s	PROPN
cblr-1726	561	176	.	.	PROPN
cblr-1726	561	177	dollar	dollar	NOUN
cblr-1726	561	178	funding	funding	NOUN
cblr-1726	561	179	gap	gap	NOUN
cblr-1726	561	180	were	be	AUX
cblr-1726	561	181	confronted	confront	VERB
cblr-1726	561	182	with	with	ADP
cblr-1726	561	183	a	a	DET
cblr-1726	561	184	limited	limited	ADJ
cblr-1726	561	185	range	range	NOUN
cblr-1726	561	186	of	of	ADP
cblr-1726	561	187	options	option	NOUN
cblr-1726	561	188	.	.	PUNCT
cblr-1726	562	1	the	the	DET
cblr-1726	562	2	first	first	ADJ
cblr-1726	562	3	option	option	NOUN
cblr-1726	562	4	was	be	AUX
cblr-1726	562	5	to	to	PART
cblr-1726	562	6	sell	sell	VERB
cblr-1726	562	7	u.s	u.s	PROPN
cblr-1726	562	8	.	.	PROPN
cblr-1726	562	9	dollar	dollar	NOUN
cblr-1726	562	10	-	-	PUNCT
cblr-1726	562	11	denominated	denominate	VERB
cblr-1726	562	12	assets	asset	NOUN
cblr-1726	562	13	.	.	PUNCT
cblr-1726	563	1	generally	generally	ADV
cblr-1726	563	2	speaking	speak	VERB
cblr-1726	563	3	,	,	PUNCT
cblr-1726	563	4	the	the	DET
cblr-1726	563	5	assets	asset	NOUN
cblr-1726	563	6	available	available	ADJ
cblr-1726	563	7	for	for	ADP
cblr-1726	563	8	sale	sale	NOUN
cblr-1726	563	9	included	include	VERB
cblr-1726	563	10	u.s	u.s	PROPN
cblr-1726	563	11	.	.	PROPN
cblr-1726	563	12	treasury	treasury	PROPN
cblr-1726	563	13	securities	security	NOUN
cblr-1726	563	14	,	,	PUNCT
cblr-1726	563	15	as	as	ADV
cblr-1726	563	16	well	well	ADV
cblr-1726	563	17	as	as	ADP
cblr-1726	563	18	dollar	dollar	NOUN
cblr-1726	563	19	-	-	PUNCT
cblr-1726	563	20	denominated	denominate	VERB
cblr-1726	563	21	corporate	corporate	ADJ
cblr-1726	563	22	bonds	bond	NOUN
cblr-1726	563	23	,	,	PUNCT
cblr-1726	563	24	126	126	NUM
cblr-1726	563	25	see	see	VERB
cblr-1726	563	26	gary	gary	PROPN
cblr-1726	563	27	gorton	gorton	PROPN
cblr-1726	563	28	&	&	CCONJ
cblr-1726	563	29	andrew	andrew	PROPN
cblr-1726	563	30	metrick	metrick	PROPN
cblr-1726	563	31	,	,	PUNCT
cblr-1726	563	32	securitized	securitized	ADJ
cblr-1726	563	33	banking	banking	NOUN
cblr-1726	563	34	and	and	CCONJ
cblr-1726	563	35	the	the	DET
cblr-1726	563	36	run	run	NOUN
cblr-1726	563	37	on	on	ADP
cblr-1726	563	38	repo	repo	NOUN
cblr-1726	563	39	,	,	PUNCT
cblr-1726	563	40	104	104	NUM
cblr-1726	563	41	j.	j.	PROPN
cblr-1726	563	42	fin	fin	PROPN
cblr-1726	563	43	econ	econ	PROPN
cblr-1726	563	44	.	.	PUNCT
cblr-1726	564	1	425	425	NUM
cblr-1726	564	2	(	(	PUNCT
cblr-1726	564	3	2012	2012	NUM
cblr-1726	564	4	)	)	PUNCT
cblr-1726	564	5	.	.	PUNCT
cblr-1726	565	1	127	127	NUM
cblr-1726	565	2	see	see	VERB
cblr-1726	565	3	marcin	marcin	PROPN
cblr-1726	565	4	kacperczyk	kacperczyk	PROPN
cblr-1726	565	5	&	&	CCONJ
cblr-1726	565	6	philipp	philipp	PROPN
cblr-1726	565	7	schnabl	schnabl	PROPN
cblr-1726	565	8	,	,	PUNCT
cblr-1726	565	9	when	when	SCONJ
cblr-1726	565	10	safe	safe	ADJ
cblr-1726	565	11	proved	prove	VERB
cblr-1726	565	12	risky	risky	ADJ
cblr-1726	565	13	:	:	PUNCT
cblr-1726	565	14	commercial	commercial	ADJ
cblr-1726	565	15	paper	paper	NOUN
cblr-1726	565	16	during	during	ADP
cblr-1726	565	17	the	the	DET
cblr-1726	565	18	financial	financial	ADJ
cblr-1726	565	19	crisis	crisis	NOUN
cblr-1726	565	20	of	of	ADP
cblr-1726	565	21	2007–2009	2007–2009	NUM
cblr-1726	565	22	,	,	PUNCT
cblr-1726	565	23	24	24	NUM
cblr-1726	565	24	j.	j.	PROPN
cblr-1726	565	25	econ	econ	PROPN
cblr-1726	565	26	.	.	PUNCT
cblr-1726	566	1	persp	persp	PROPN
cblr-1726	566	2	.	.	PUNCT
cblr-1726	567	1	29	29	NUM
cblr-1726	567	2	(	(	PUNCT
cblr-1726	567	3	2010	2010	NUM
cblr-1726	567	4	)	)	PUNCT
cblr-1726	567	5	.	.	PUNCT
cblr-1726	568	1	128	128	NUM
cblr-1726	568	2	see	see	VERB
cblr-1726	568	3	naohiko	naohiko	NOUN
cblr-1726	568	4	baba	baba	PROPN
cblr-1726	568	5	et	et	PROPN
cblr-1726	568	6	al	al	PROPN
cblr-1726	568	7	.	.	PROPN
cblr-1726	568	8	,	,	PUNCT
cblr-1726	568	9	the	the	DET
cblr-1726	568	10	spillover	spillover	NOUN
cblr-1726	568	11	of	of	ADP
cblr-1726	568	12	money	money	NOUN
cblr-1726	568	13	market	market	NOUN
cblr-1726	568	14	turbulence	turbulence	NOUN
cblr-1726	568	15	to	to	PART
cblr-1726	568	16	fx	fx	VERB
cblr-1726	568	17	swap	swap	NOUN
cblr-1726	568	18	and	and	CCONJ
cblr-1726	568	19	cross	cross	ADJ
cblr-1726	568	20	-	-	ADJ
cblr-1726	568	21	currency	currency	ADJ
cblr-1726	568	22	swap	swap	NOUN
cblr-1726	568	23	markets	market	NOUN
cblr-1726	568	24	,	,	PUNCT
cblr-1726	568	25	bis	bis	PROPN
cblr-1726	568	26	q.	q.	PROPN
cblr-1726	568	27	rev	rev	PROPN
cblr-1726	568	28	.	.	PROPN
cblr-1726	568	29	,	,	PUNCT
cblr-1726	568	30	mar	mar	PROPN
cblr-1726	568	31	.	.	PROPN
cblr-1726	568	32	2008	2008	NUM
cblr-1726	568	33	,	,	PUNCT
cblr-1726	568	34	at	at	ADP
cblr-1726	568	35	73	73	NUM
cblr-1726	568	36	.	.	PUNCT
cblr-1726	569	1	129	129	NUM
cblr-1726	569	2	rosalind	rosalind	PROPN
cblr-1726	569	3	z.	z.	PROPN
cblr-1726	569	4	wiggins	wiggins	PROPN
cblr-1726	569	5	&	&	CCONJ
cblr-1726	569	6	andrew	andrew	PROPN
cblr-1726	569	7	metrick	metrick	PROPN
cblr-1726	569	8	,	,	PUNCT
cblr-1726	569	9	the	the	DET
cblr-1726	569	10	federal	federal	PROPN
cblr-1726	569	11	reserve	reserve	PROPN
cblr-1726	569	12	’s	’s	PART
cblr-1726	569	13	financial	financial	ADJ
cblr-1726	569	14	crisis	crisis	NOUN
cblr-1726	569	15	response	response	NOUN
cblr-1726	569	16	c	c	NOUN
cblr-1726	569	17	:	:	PUNCT
cblr-1726	569	18	providing	provide	VERB
cblr-1726	569	19	us	we	PRON
cblr-1726	569	20	dollars	dollar	NOUN
cblr-1726	569	21	to	to	ADP
cblr-1726	569	22	foreign	foreign	ADJ
cblr-1726	569	23	central	central	ADJ
cblr-1726	569	24	banks	bank	NOUN
cblr-1726	569	25	(	(	PUNCT
cblr-1726	569	26	yale	yale	PROPN
cblr-1726	569	27	program	program	NOUN
cblr-1726	569	28	on	on	ADP
cblr-1726	569	29	fin	fin	NOUN
cblr-1726	569	30	.	.	PUNCT
cblr-1726	570	1	stability	stability	NOUN
cblr-1726	570	2	case	case	NOUN
cblr-1726	570	3	study	study	VERB
cblr-1726	570	4	2015	2015	NUM
cblr-1726	570	5	-	-	PUNCT
cblr-1726	570	6	1c	1c	NUM
cblr-1726	570	7	-	-	PUNCT
cblr-1726	570	8	v1	v1	NOUN
cblr-1726	570	9	,	,	PUNCT
cblr-1726	570	10	2016	2016	NUM
cblr-1726	570	11	)	)	PUNCT
cblr-1726	570	12	;	;	PUNCT
cblr-1726	570	13	brunnermeier	brunnermei	ADJ
cblr-1726	570	14	,	,	PUNCT
cblr-1726	570	15	supra	supra	ADJ
cblr-1726	570	16	note	note	NOUN
cblr-1726	570	17	24	24	NUM
cblr-1726	570	18	,	,	PUNCT
cblr-1726	570	19	at	at	ADP
cblr-1726	570	20	95	95	NUM
cblr-1726	570	21	;	;	PUNCT
cblr-1726	570	22	allen	allen	PROPN
cblr-1726	570	23	,	,	PUNCT
cblr-1726	570	24	supra	supra	PROPN
cblr-1726	570	25	note	note	NOUN
cblr-1726	570	26	123	123	NUM
cblr-1726	570	27	,	,	PUNCT
cblr-1726	570	28	at	at	ADP
cblr-1726	570	29	32	32	NUM
cblr-1726	570	30	.	.	PUNCT
cblr-1726	571	1	130	130	NUM
cblr-1726	571	2	wiggins	wiggin	NOUN
cblr-1726	571	3	&	&	CCONJ
cblr-1726	571	4	metrick	metrick	ADJ
cblr-1726	571	5	,	,	PUNCT
cblr-1726	571	6	supra	supra	PROPN
cblr-1726	571	7	note	note	NOUN
cblr-1726	571	8	129	129	NUM
cblr-1726	571	9	,	,	PUNCT
cblr-1726	571	10	at	at	ADP
cblr-1726	571	11	8	8	NUM
cblr-1726	571	12	.	.	PUNCT
cblr-1726	572	1	notably	notably	ADV
cblr-1726	572	2	,	,	PUNCT
cblr-1726	572	3	the	the	DET
cblr-1726	572	4	domestic	domestic	ADJ
cblr-1726	572	5	(	(	PUNCT
cblr-1726	572	6	foreign	foreign	ADJ
cblr-1726	572	7	)	)	PUNCT
cblr-1726	572	8	liabilities	liability	NOUN
cblr-1726	572	9	of	of	ADP
cblr-1726	572	10	u.s	u.s	PROPN
cblr-1726	572	11	.	.	PROPN
cblr-1726	572	12	(	(	PUNCT
cblr-1726	572	13	foreign	foreign	ADJ
cblr-1726	572	14	)	)	PUNCT
cblr-1726	572	15	financial	financial	ADJ
cblr-1726	572	16	institutions	institution	NOUN
cblr-1726	572	17	included	include	VERB
cblr-1726	572	18	their	their	PRON
cblr-1726	572	19	contingent	contingent	ADJ
cblr-1726	572	20	liabilities	liability	NOUN
cblr-1726	572	21	to	to	PART
cblr-1726	572	22	provide	provide	VERB
cblr-1726	572	23	backstop	backstop	NOUN
cblr-1726	572	24	liquidity	liquidity	NOUN
cblr-1726	572	25	to	to	PART
cblr-1726	572	26	sponsored	sponsor	VERB
cblr-1726	572	27	structured	structured	ADJ
cblr-1726	572	28	finance	finance	NOUN
cblr-1726	572	29	vehicles	vehicle	NOUN
cblr-1726	572	30	.	.	PUNCT
cblr-1726	573	1	see	see	VERB
cblr-1726	573	2	armour	armour	NOUN
cblr-1726	573	3	et	et	PROPN
cblr-1726	573	4	al	al	PROPN
cblr-1726	573	5	.	.	PROPN
cblr-1726	573	6	,	,	PUNCT
cblr-1726	573	7	supra	supra	PROPN
cblr-1726	573	8	note	note	PROPN
cblr-1726	573	9	15	15	NUM
cblr-1726	573	10	,	,	PUNCT
cblr-1726	573	11	ch	ch	NOUN
cblr-1726	573	12	.	.	PROPN
cblr-1726	573	13	21	21	NUM
cblr-1726	573	14	.	.	PUNCT
cblr-1726	574	1	131	131	NUM
cblr-1726	574	2	mcguire	mcguire	PROPN
cblr-1726	574	3	&	&	CCONJ
cblr-1726	574	4	von	von	PROPN
cblr-1726	574	5	peter	peter	PROPN
cblr-1726	574	6	,	,	PUNCT
cblr-1726	574	7	supra	supra	PROPN
cblr-1726	574	8	note	note	PROPN
cblr-1726	574	9	119	119	NUM
cblr-1726	574	10	,	,	PUNCT
cblr-1726	574	11	at	at	ADP
cblr-1726	574	12	48	48	NUM
cblr-1726	574	13	.	.	PUNCT
cblr-1726	575	1	132	132	NUM
cblr-1726	575	2	allen	allen	PROPN
cblr-1726	575	3	,	,	PUNCT
cblr-1726	575	4	supra	supra	PROPN
cblr-1726	575	5	note	note	NOUN
cblr-1726	575	6	123	123	NUM
cblr-1726	575	7	,	,	PUNCT
cblr-1726	575	8	at	at	ADP
cblr-1726	575	9	38	38	NUM
cblr-1726	575	10	.	.	PUNCT
cblr-1726	576	1	awrey	awrey	PROPN
cblr-1726	576	2	–	–	PUNCT
cblr-1726	576	3	final	final	ADJ
cblr-1726	576	4	no	no	NOUN
cblr-1726	576	5	.	.	PUNCT
cblr-1726	577	1	3:934	3:934	X
cblr-1726	577	2	]	]	X
cblr-1726	577	3	foreign	foreign	ADJ
cblr-1726	577	4	currency	currency	NOUN
cblr-1726	577	5	liquidity	liquidity	NOUN
cblr-1726	577	6	assistance	assistance	NOUN
cblr-1726	577	7	975	975	NUM
cblr-1726	577	8	asset	asset	NOUN
cblr-1726	577	9	-	-	PUNCT
cblr-1726	577	10	backed	back	VERB
cblr-1726	577	11	securities	security	NOUN
cblr-1726	577	12	,	,	PUNCT
cblr-1726	577	13	structured	structure	VERB
cblr-1726	577	14	finance	finance	NOUN
cblr-1726	577	15	products	product	NOUN
cblr-1726	577	16	,	,	PUNCT
cblr-1726	577	17	and	and	CCONJ
cblr-1726	577	18	other	other	ADJ
cblr-1726	577	19	privately	privately	ADV
cblr-1726	577	20	-	-	PUNCT
cblr-1726	577	21	issued	issue	VERB
cblr-1726	577	22	debt	debt	NOUN
cblr-1726	577	23	securities.133	securities.133	NOUN
cblr-1726	577	24	while	while	SCONJ
cblr-1726	577	25	the	the	DET
cblr-1726	577	26	market	market	NOUN
cblr-1726	577	27	for	for	ADP
cblr-1726	577	28	u.s	u.s	PROPN
cblr-1726	577	29	.	.	PROPN
cblr-1726	577	30	treasury	treasury	PROPN
cblr-1726	577	31	securities	securities	PROPN
cblr-1726	577	32	is	be	AUX
cblr-1726	577	33	the	the	DET
cblr-1726	577	34	most	most	ADV
cblr-1726	577	35	liquid	liquid	ADJ
cblr-1726	577	36	in	in	ADP
cblr-1726	577	37	the	the	DET
cblr-1726	577	38	world	world	NOUN
cblr-1726	577	39	,	,	PUNCT
cblr-1726	577	40	the	the	DET
cblr-1726	577	41	tightening	tightening	NOUN
cblr-1726	577	42	of	of	ADP
cblr-1726	577	43	credit	credit	NOUN
cblr-1726	577	44	conditions	condition	NOUN
cblr-1726	577	45	within	within	ADP
cblr-1726	577	46	repo	repo	ADP
cblr-1726	577	47	markets	market	NOUN
cblr-1726	577	48	during	during	ADP
cblr-1726	577	49	the	the	DET
cblr-1726	577	50	crisis	crisis	NOUN
cblr-1726	577	51	made	make	VERB
cblr-1726	577	52	these	these	DET
cblr-1726	577	53	securities	security	NOUN
cblr-1726	577	54	amongst	amongst	ADP
cblr-1726	577	55	the	the	DET
cblr-1726	577	56	most	most	ADV
cblr-1726	577	57	sought	seek	VERB
cblr-1726	577	58	-	-	PUNCT
cblr-1726	577	59	after	after	ADP
cblr-1726	577	60	collateral	collateral	NOUN
cblr-1726	577	61	assets.134	assets.134	PROPN
cblr-1726	577	62	in	in	ADP
cblr-1726	577	63	many	many	ADJ
cblr-1726	577	64	cases	case	NOUN
cblr-1726	577	65	,	,	PUNCT
cblr-1726	577	66	financial	financial	ADJ
cblr-1726	577	67	institutions	institution	NOUN
cblr-1726	577	68	would	would	AUX
cblr-1726	577	69	have	have	AUX
cblr-1726	577	70	therefore	therefore	ADV
cblr-1726	577	71	preferred	prefer	VERB
cblr-1726	577	72	to	to	PART
cblr-1726	577	73	use	use	VERB
cblr-1726	577	74	these	these	DET
cblr-1726	577	75	government	government	NOUN
cblr-1726	577	76	securities	security	NOUN
cblr-1726	577	77	to	to	PART
cblr-1726	577	78	obtain	obtain	VERB
cblr-1726	577	79	u.s	u.s	PROPN
cblr-1726	577	80	.	.	PROPN
cblr-1726	577	81	dollar	dollar	NOUN
cblr-1726	577	82	repo	repo	ADP
cblr-1726	577	83	financing	financing	NOUN
cblr-1726	577	84	rather	rather	ADV
cblr-1726	577	85	than	than	ADP
cblr-1726	577	86	sell	sell	VERB
cblr-1726	577	87	them	they	PRON
cblr-1726	577	88	outright.135	outright.135	ADP
cblr-1726	577	89	this	this	PRON
cblr-1726	577	90	left	leave	VERB
cblr-1726	577	91	privately	privately	ADV
cblr-1726	577	92	-	-	PUNCT
cblr-1726	577	93	issued	issue	VERB
cblr-1726	577	94	debt	debt	NOUN
cblr-1726	577	95	securities	security	NOUN
cblr-1726	577	96	as	as	ADP
cblr-1726	577	97	the	the	DET
cblr-1726	577	98	most	most	ADV
cblr-1726	577	99	likely	likely	ADJ
cblr-1726	577	100	candidates	candidate	NOUN
cblr-1726	577	101	for	for	ADP
cblr-1726	577	102	sale	sale	NOUN
cblr-1726	577	103	.	.	PUNCT
cblr-1726	578	1	the	the	DET
cblr-1726	578	2	problem	problem	NOUN
cblr-1726	578	3	here	here	ADV
cblr-1726	578	4	was	be	AUX
cblr-1726	578	5	that	that	PRON
cblr-1726	578	6	prevailing	prevail	VERB
cblr-1726	578	7	market	market	NOUN
cblr-1726	578	8	conditions	condition	NOUN
cblr-1726	578	9	during	during	ADP
cblr-1726	578	10	the	the	DET
cblr-1726	578	11	crisis	crisis	NOUN
cblr-1726	578	12	meant	mean	VERB
cblr-1726	578	13	that	that	SCONJ
cblr-1726	578	14	financial	financial	ADJ
cblr-1726	578	15	institutions	institution	NOUN
cblr-1726	578	16	would	would	AUX
cblr-1726	578	17	have	have	AUX
cblr-1726	578	18	often	often	ADV
cblr-1726	578	19	been	be	AUX
cblr-1726	578	20	forced	force	VERB
cblr-1726	578	21	to	to	PART
cblr-1726	578	22	sell	sell	VERB
cblr-1726	578	23	these	these	DET
cblr-1726	578	24	assets	asset	NOUN
cblr-1726	578	25	into	into	ADP
cblr-1726	578	26	illiquid	illiquid	ADJ
cblr-1726	578	27	and	and	CCONJ
cblr-1726	578	28	volatile	volatile	ADJ
cblr-1726	578	29	markets	market	NOUN
cblr-1726	578	30	,	,	PUNCT
cblr-1726	578	31	thus	thus	ADV
cblr-1726	578	32	exposing	expose	VERB
cblr-1726	578	33	themselves	themselves	PRON
cblr-1726	578	34	to	to	ADP
cblr-1726	578	35	potentially	potentially	ADV
cblr-1726	578	36	significant	significant	ADJ
cblr-1726	578	37	losses	loss	NOUN
cblr-1726	578	38	.	.	PUNCT
cblr-1726	579	1	viewed	view	VERB
cblr-1726	579	2	from	from	ADP
cblr-1726	579	3	this	this	DET
cblr-1726	579	4	perspective	perspective	NOUN
cblr-1726	579	5	,	,	PUNCT
cblr-1726	579	6	correlated	correlate	VERB
cblr-1726	579	7	selling	selling	NOUN
cblr-1726	579	8	of	of	ADP
cblr-1726	579	9	dollar	dollar	NOUN
cblr-1726	579	10	-	-	PUNCT
cblr-1726	579	11	denominated	denominate	VERB
cblr-1726	579	12	assets	asset	NOUN
cblr-1726	579	13	by	by	ADP
cblr-1726	579	14	financial	financial	ADJ
cblr-1726	579	15	institutions	institution	NOUN
cblr-1726	579	16	seeking	seek	VERB
cblr-1726	579	17	to	to	PART
cblr-1726	579	18	plug	plug	VERB
cblr-1726	579	19	the	the	DET
cblr-1726	579	20	u.s	u.s	PROPN
cblr-1726	579	21	.	.	PROPN
cblr-1726	579	22	dollar	dollar	NOUN
cblr-1726	579	23	funding	funding	NOUN
cblr-1726	579	24	gap	gap	NOUN
cblr-1726	579	25	would	would	AUX
cblr-1726	579	26	have	have	AUX
cblr-1726	579	27	contributed	contribute	VERB
cblr-1726	579	28	to	to	ADP
cblr-1726	579	29	the	the	DET
cblr-1726	579	30	pernicious	pernicious	ADJ
cblr-1726	579	31	fire	fire	NOUN
cblr-1726	579	32	sale	sale	NOUN
cblr-1726	579	33	dynamics	dynamic	NOUN
cblr-1726	579	34	observed	observe	VERB
cblr-1726	579	35	during	during	ADP
cblr-1726	579	36	the	the	DET
cblr-1726	579	37	financial	financial	ADJ
cblr-1726	579	38	crisis	crisis	NOUN
cblr-1726	579	39	.	.	PUNCT
cblr-1726	580	1	the	the	DET
cblr-1726	580	2	second	second	ADJ
cblr-1726	580	3	option	option	NOUN
cblr-1726	580	4	was	be	AUX
cblr-1726	580	5	for	for	SCONJ
cblr-1726	580	6	these	these	DET
cblr-1726	580	7	financial	financial	ADJ
cblr-1726	580	8	institutions	institution	NOUN
cblr-1726	580	9	to	to	PART
cblr-1726	580	10	reduce	reduce	VERB
cblr-1726	580	11	their	their	PRON
cblr-1726	580	12	u.s	u.s	PROPN
cblr-1726	580	13	.	.	PROPN
cblr-1726	580	14	dollar	dollar	NOUN
cblr-1726	580	15	lending	lending	NOUN
cblr-1726	580	16	activities.136	activities.136	NOUN
cblr-1726	580	17	for	for	ADP
cblr-1726	580	18	many	many	ADJ
cblr-1726	580	19	financial	financial	ADJ
cblr-1726	580	20	institutions	institution	NOUN
cblr-1726	580	21	outside	outside	ADP
cblr-1726	580	22	the	the	DET
cblr-1726	580	23	united	united	PROPN
cblr-1726	580	24	states	states	PROPN
cblr-1726	580	25	,	,	PUNCT
cblr-1726	580	26	this	this	PRON
cblr-1726	580	27	involved	involved	ADJ
cblr-1726	580	28	cutting	cut	VERB
cblr-1726	580	29	back	back	ADP
cblr-1726	580	30	on	on	ADP
cblr-1726	580	31	their	their	PRON
cblr-1726	580	32	trade	trade	NOUN
cblr-1726	580	33	financing	financing	NOUN
cblr-1726	580	34	and	and	CCONJ
cblr-1726	580	35	related	relate	VERB
cblr-1726	580	36	currency	currency	NOUN
cblr-1726	580	37	hedging	hedging	NOUN
cblr-1726	580	38	businesses	business	NOUN
cblr-1726	580	39	.	.	PUNCT
cblr-1726	581	1	data	datum	NOUN
cblr-1726	581	2	from	from	ADP
cblr-1726	581	3	the	the	DET
cblr-1726	581	4	organization	organization	NOUN
cblr-1726	581	5	for	for	ADP
cblr-1726	581	6	economic	economic	ADJ
cblr-1726	581	7	cooperation	cooperation	NOUN
cblr-1726	581	8	and	and	CCONJ
cblr-1726	581	9	development	development	NOUN
cblr-1726	581	10	suggests	suggest	VERB
cblr-1726	581	11	that	that	SCONJ
cblr-1726	581	12	the	the	DET
cblr-1726	581	13	value	value	NOUN
cblr-1726	581	14	of	of	ADP
cblr-1726	581	15	global	global	ADJ
cblr-1726	581	16	merchandise	merchandise	NOUN
cblr-1726	581	17	trade	trade	NOUN
cblr-1726	581	18	decreased	decrease	VERB
cblr-1726	581	19	by	by	ADP
cblr-1726	581	20	forty	forty	NUM
cblr-1726	581	21	-	-	PUNCT
cblr-1726	581	22	two	two	NUM
cblr-1726	581	23	percent	percent	NOUN
cblr-1726	581	24	between	between	ADP
cblr-1726	581	25	july	july	PROPN
cblr-1726	581	26	2008	2008	NUM
cblr-1726	581	27	and	and	CCONJ
cblr-1726	581	28	february	february	PROPN
cblr-1726	581	29	2009.137	2009.137	NUM
cblr-1726	581	30	while	while	SCONJ
cblr-1726	581	31	a	a	DET
cblr-1726	581	32	considerable	considerable	ADJ
cblr-1726	581	33	133	133	NUM
cblr-1726	581	34	mcguire	mcguire	PROPN
cblr-1726	581	35	&	&	CCONJ
cblr-1726	581	36	von	von	PROPN
cblr-1726	581	37	peter	peter	PROPN
cblr-1726	581	38	,	,	PUNCT
cblr-1726	581	39	supra	supra	PROPN
cblr-1726	581	40	note	note	PROPN
cblr-1726	581	41	119	119	NUM
cblr-1726	581	42	,	,	PUNCT
cblr-1726	581	43	at	at	ADP
cblr-1726	581	44	58	58	NUM
cblr-1726	581	45	.	.	PUNCT
cblr-1726	582	1	134	134	NUM
cblr-1726	582	2	see	see	VERB
cblr-1726	582	3	peter	peter	PROPN
cblr-1726	582	4	hördahl	hördahl	PROPN
cblr-1726	582	5	&	&	CCONJ
cblr-1726	582	6	michael	michael	PROPN
cblr-1726	582	7	r.	r.	PROPN
cblr-1726	582	8	king	king	PROPN
cblr-1726	582	9	,	,	PUNCT
cblr-1726	582	10	developments	development	NOUN
cblr-1726	582	11	in	in	ADP
cblr-1726	582	12	repo	repo	ADP
cblr-1726	582	13	markets	market	NOUN
cblr-1726	582	14	during	during	ADP
cblr-1726	582	15	the	the	DET
cblr-1726	582	16	financial	financial	ADJ
cblr-1726	582	17	turmoil	turmoil	NOUN
cblr-1726	582	18	,	,	PUNCT
cblr-1726	582	19	bis	bis	PROPN
cblr-1726	582	20	q.	q.	PROPN
cblr-1726	582	21	rev	rev	PROPN
cblr-1726	582	22	.	.	PROPN
cblr-1726	582	23	,	,	PUNCT
cblr-1726	582	24	dec	dec	PROPN
cblr-1726	582	25	.	.	PROPN
cblr-1726	582	26	2008	2008	NUM
cblr-1726	582	27	,	,	PUNCT
cblr-1726	582	28	at	at	ADP
cblr-1726	582	29	37	37	NUM
cblr-1726	582	30	,	,	PUNCT
cblr-1726	582	31	46	46	NUM
cblr-1726	582	32	.	.	NOUN
cblr-1726	582	33	135	135	NUM
cblr-1726	583	1	i	i	NOUN
cblr-1726	583	2	d.	d.	PROPN
cblr-1726	583	3	136	136	NUM
cblr-1726	583	4	brunnermeier	brunnermeier	NOUN
cblr-1726	583	5	,	,	PUNCT
cblr-1726	583	6	supra	supra	ADJ
cblr-1726	583	7	note	note	NOUN
cblr-1726	583	8	24	24	NUM
cblr-1726	583	9	,	,	PUNCT
cblr-1726	583	10	at	at	ADP
cblr-1726	583	11	95	95	NUM
cblr-1726	583	12	.	.	PUNCT
cblr-1726	584	1	for	for	ADP
cblr-1726	584	2	empirical	empirical	ADJ
cblr-1726	584	3	evidence	evidence	NOUN
cblr-1726	584	4	relating	relate	VERB
cblr-1726	584	5	to	to	ADP
cblr-1726	584	6	the	the	DET
cblr-1726	584	7	reduction	reduction	NOUN
cblr-1726	584	8	in	in	ADP
cblr-1726	584	9	dollar	dollar	NOUN
cblr-1726	584	10	lending	lending	NOUN
cblr-1726	584	11	by	by	ADP
cblr-1726	584	12	european	european	ADJ
cblr-1726	584	13	banks	bank	NOUN
cblr-1726	584	14	during	during	ADP
cblr-1726	584	15	the	the	DET
cblr-1726	584	16	financial	financial	ADJ
cblr-1726	584	17	crisis	crisis	NOUN
cblr-1726	584	18	,	,	PUNCT
cblr-1726	584	19	see	see	VERB
cblr-1726	584	20	victoria	victoria	PROPN
cblr-1726	584	21	ivashina	ivashina	PROPN
cblr-1726	584	22	et	et	PROPN
cblr-1726	584	23	al	al	PROPN
cblr-1726	584	24	.	.	PROPN
cblr-1726	584	25	,	,	PUNCT
cblr-1726	584	26	dollar	dollar	NOUN
cblr-1726	584	27	funding	funding	NOUN
cblr-1726	584	28	and	and	CCONJ
cblr-1726	584	29	the	the	DET
cblr-1726	584	30	lending	lending	NOUN
cblr-1726	584	31	behavior	behavior	NOUN
cblr-1726	584	32	of	of	ADP
cblr-1726	584	33	global	global	ADJ
cblr-1726	584	34	banks	bank	NOUN
cblr-1726	584	35	(	(	PUNCT
cblr-1726	584	36	nat’l	nat’l	NUM
cblr-1726	584	37	bureau	bureau	PROPN
cblr-1726	584	38	of	of	ADP
cblr-1726	584	39	econ	econ	PROPN
cblr-1726	584	40	.	.	PUNCT
cblr-1726	585	1	research	research	PROPN
cblr-1726	585	2	,	,	PUNCT
cblr-1726	585	3	working	work	VERB
cblr-1726	585	4	paper	paper	NOUN
cblr-1726	585	5	no	no	NOUN
cblr-1726	585	6	.	.	PROPN
cblr-1726	585	7	18528	18528	NUM
cblr-1726	585	8	,	,	PUNCT
cblr-1726	585	9	2012	2012	NUM
cblr-1726	585	10	)	)	PUNCT
cblr-1726	585	11	.	.	PUNCT
cblr-1726	586	1	137	137	NUM
cblr-1726	586	2	robert	robert	PROPN
cblr-1726	586	3	c.	c.	PROPN
cblr-1726	586	4	shelburne	shelburne	PROPN
cblr-1726	586	5	,	,	PUNCT
cblr-1726	586	6	the	the	DET
cblr-1726	586	7	global	global	ADJ
cblr-1726	586	8	financial	financial	ADJ
cblr-1726	586	9	crisis	crisis	NOUN
cblr-1726	586	10	and	and	CCONJ
cblr-1726	586	11	its	its	PRON
cblr-1726	586	12	impact	impact	NOUN
cblr-1726	586	13	on	on	ADP
cblr-1726	586	14	trade	trade	NOUN
cblr-1726	586	15	:	:	PUNCT
cblr-1726	586	16	the	the	DET
cblr-1726	586	17	world	world	NOUN
cblr-1726	586	18	and	and	CCONJ
cblr-1726	586	19	the	the	DET
cblr-1726	586	20	emerging	emerge	VERB
cblr-1726	586	21	european	european	ADJ
cblr-1726	586	22	economies	economy	NOUN
cblr-1726	586	23	2	2	NUM
cblr-1726	586	24	(	(	PUNCT
cblr-1726	586	25	u.n	u.n	PROPN
cblr-1726	586	26	.	.	PROPN
cblr-1726	586	27	econ	econ	PROPN
cblr-1726	586	28	.	.	PUNCT
cblr-1726	586	29	comm	comm	NOUN
cblr-1726	586	30	.	.	PUNCT
cblr-1726	587	1	for	for	ADP
cblr-1726	587	2	eur	eur	PROPN
cblr-1726	587	3	.	.	PUNCT
cblr-1726	587	4	,	,	PUNCT
cblr-1726	587	5	discussion	discussion	NOUN
cblr-1726	587	6	paper	paper	NOUN
cblr-1726	587	7	no	no	NOUN
cblr-1726	587	8	.	.	PROPN
cblr-1726	587	9	2010.2	2010.2	NUM
cblr-1726	587	10	,	,	PUNCT
cblr-1726	587	11	2010	2010	NUM
cblr-1726	587	12	)	)	PUNCT
cblr-1726	587	13	.	.	PUNCT
cblr-1726	588	1	awrey	awrey	PROPN
cblr-1726	588	2	–	–	PUNCT
cblr-1726	588	3	final	final	ADJ
cblr-1726	588	4	976	976	NUM
cblr-1726	588	5	columbia	columbia	PROPN
cblr-1726	588	6	business	business	NOUN
cblr-1726	588	7	law	law	PROPN
cblr-1726	588	8	review	review	NOUN
cblr-1726	589	1	[	[	X
cblr-1726	589	2	vol	vol	NOUN
cblr-1726	589	3	.	.	NOUN
cblr-1726	589	4	2017	2017	NUM
cblr-1726	589	5	proportion	proportion	NOUN
cblr-1726	589	6	of	of	ADP
cblr-1726	589	7	this	this	DET
cblr-1726	589	8	decrease	decrease	NOUN
cblr-1726	589	9	is	be	AUX
cblr-1726	589	10	no	no	ADV
cblr-1726	589	11	doubt	doubt	ADV
cblr-1726	589	12	attributable	attributable	ADJ
cblr-1726	589	13	to	to	ADP
cblr-1726	589	14	a	a	DET
cblr-1726	589	15	reduction	reduction	NOUN
cblr-1726	589	16	in	in	ADP
cblr-1726	589	17	demand	demand	NOUN
cblr-1726	589	18	and	and	CCONJ
cblr-1726	589	19	production	production	NOUN
cblr-1726	589	20	during	during	ADP
cblr-1726	589	21	the	the	DET
cblr-1726	589	22	crisis	crisis	NOUN
cblr-1726	589	23	,	,	PUNCT
cblr-1726	589	24	evidence	evidence	NOUN
cblr-1726	589	25	suggests	suggest	VERB
cblr-1726	589	26	that	that	SCONJ
cblr-1726	589	27	the	the	DET
cblr-1726	589	28	u.s	u.s	PROPN
cblr-1726	589	29	.	.	PROPN
cblr-1726	589	30	dollar	dollar	NOUN
cblr-1726	589	31	funding	funding	NOUN
cblr-1726	589	32	gap	gap	NOUN
cblr-1726	589	33	also	also	ADV
cblr-1726	589	34	contributed	contribute	VERB
cblr-1726	589	35	to	to	ADP
cblr-1726	589	36	a	a	DET
cblr-1726	589	37	reduction	reduction	NOUN
cblr-1726	589	38	in	in	ADP
cblr-1726	589	39	credit	credit	NOUN
cblr-1726	589	40	supply	supply	NOUN
cblr-1726	589	41	and	and	CCONJ
cblr-1726	589	42	corresponding	corresponding	ADJ
cblr-1726	589	43	increase	increase	NOUN
cblr-1726	589	44	in	in	ADP
cblr-1726	589	45	the	the	DET
cblr-1726	589	46	costs	cost	NOUN
cblr-1726	589	47	of	of	ADP
cblr-1726	589	48	trade	trade	NOUN
cblr-1726	589	49	financing.138	financing.138	PROPN
cblr-1726	589	50	the	the	DET
cblr-1726	589	51	wto	wto	PROPN
cblr-1726	589	52	has	have	AUX
cblr-1726	589	53	estimated	estimate	VERB
cblr-1726	589	54	that	that	SCONJ
cblr-1726	589	55	spreads	spread	VERB
cblr-1726	589	56	on	on	ADP
cblr-1726	589	57	short	short	ADJ
cblr-1726	589	58	-	-	PUNCT
cblr-1726	589	59	term	term	NOUN
cblr-1726	589	60	trade	trade	NOUN
cblr-1726	589	61	credit	credit	NOUN
cblr-1726	589	62	facilities	facility	NOUN
cblr-1726	589	63	peaked	peak	VERB
cblr-1726	589	64	at	at	ADP
cblr-1726	589	65	between	between	ADP
cblr-1726	589	66	300	300	NUM
cblr-1726	589	67	to	to	PART
cblr-1726	589	68	600	600	NUM
cblr-1726	589	69	basis	basis	NOUN
cblr-1726	589	70	points	point	NOUN
cblr-1726	589	71	(	(	PUNCT
cblr-1726	589	72	or	or	CCONJ
cblr-1726	589	73	3–6	3–6	NUM
cblr-1726	589	74	%	%	NOUN
cblr-1726	589	75	)	)	PUNCT
cblr-1726	589	76	over	over	ADP
cblr-1726	589	77	libor	libor	PROPN
cblr-1726	589	78	during	during	ADP
cblr-1726	589	79	the	the	DET
cblr-1726	589	80	crisis	crisis	NOUN
cblr-1726	589	81	,	,	PUNCT
cblr-1726	589	82	compared	compare	VERB
cblr-1726	589	83	with	with	ADP
cblr-1726	589	84	an	an	DET
cblr-1726	589	85	average	average	NOUN
cblr-1726	589	86	of	of	ADP
cblr-1726	589	87	between	between	ADP
cblr-1726	589	88	10	10	NUM
cblr-1726	589	89	to	to	PART
cblr-1726	589	90	20	20	NUM
cblr-1726	589	91	basis	basis	NOUN
cblr-1726	589	92	points	point	NOUN
cblr-1726	589	93	under	under	ADP
cblr-1726	589	94	normal	normal	ADJ
cblr-1726	589	95	market	market	NOUN
cblr-1726	589	96	conditions.139	conditions.139	NOUN
cblr-1726	589	97	this	this	DET
cblr-1726	589	98	dramatic	dramatic	ADJ
cblr-1726	589	99	increase	increase	NOUN
cblr-1726	589	100	in	in	ADP
cblr-1726	589	101	the	the	DET
cblr-1726	589	102	costs	cost	NOUN
cblr-1726	589	103	of	of	ADP
cblr-1726	589	104	trade	trade	NOUN
cblr-1726	589	105	financing	financing	NOUN
cblr-1726	589	106	was	be	AUX
cblr-1726	589	107	compounded	compound	VERB
cblr-1726	589	108	by	by	ADP
cblr-1726	589	109	the	the	DET
cblr-1726	589	110	illiquidity	illiquidity	NOUN
cblr-1726	589	111	within	within	ADP
cblr-1726	589	112	the	the	DET
cblr-1726	589	113	f	f	PROPN
cblr-1726	589	114	/	/	SYM
cblr-1726	589	115	x	x	PROPN
cblr-1726	589	116	swap	swap	NOUN
cblr-1726	589	117	market	market	NOUN
cblr-1726	589	118	,	,	PUNCT
cblr-1726	589	119	which	which	PRON
cblr-1726	589	120	increased	increase	VERB
cblr-1726	589	121	the	the	DET
cblr-1726	589	122	costs	cost	NOUN
cblr-1726	589	123	incurred	incur	VERB
cblr-1726	589	124	by	by	ADP
cblr-1726	589	125	exporters	exporter	NOUN
cblr-1726	589	126	in	in	ADP
cblr-1726	589	127	order	order	NOUN
cblr-1726	589	128	to	to	PART
cblr-1726	589	129	hedge	hedge	VERB
cblr-1726	589	130	against	against	ADP
cblr-1726	589	131	volatility	volatility	NOUN
cblr-1726	589	132	in	in	ADP
cblr-1726	589	133	the	the	DET
cblr-1726	589	134	exchange	exchange	NOUN
cblr-1726	589	135	rate	rate	NOUN
cblr-1726	589	136	between	between	ADP
cblr-1726	589	137	the	the	DET
cblr-1726	589	138	u.s	u.s	PROPN
cblr-1726	589	139	dollar	dollar	NOUN
cblr-1726	589	140	and	and	CCONJ
cblr-1726	589	141	their	their	PRON
cblr-1726	589	142	domestic	domestic	ADJ
cblr-1726	589	143	currencies.140	currencies.140	NOUN
cblr-1726	589	144	through	through	ADP
cblr-1726	589	145	these	these	DET
cblr-1726	589	146	channels	channel	NOUN
cblr-1726	589	147	,	,	PUNCT
cblr-1726	589	148	the	the	DET
cblr-1726	589	149	global	global	ADJ
cblr-1726	589	150	dollar	dollar	NOUN
cblr-1726	589	151	shortage	shortage	NOUN
cblr-1726	589	152	at	at	ADP
cblr-1726	589	153	the	the	DET
cblr-1726	589	154	height	height	NOUN
cblr-1726	589	155	of	of	ADP
cblr-1726	589	156	the	the	DET
cblr-1726	589	157	financial	financial	ADJ
cblr-1726	589	158	crisis	crisis	NOUN
cblr-1726	589	159	likely	likely	ADV
cblr-1726	589	160	contributed	contribute	VERB
cblr-1726	589	161	to	to	ADP
cblr-1726	589	162	the	the	DET
cblr-1726	589	163	generalized	generalized	ADJ
cblr-1726	589	164	contraction	contraction	NOUN
cblr-1726	589	165	of	of	ADP
cblr-1726	589	166	credit	credit	NOUN
cblr-1726	589	167	,	,	PUNCT
cblr-1726	589	168	international	international	ADJ
cblr-1726	589	169	trade	trade	NOUN
cblr-1726	589	170	,	,	PUNCT
cblr-1726	589	171	and	and	CCONJ
cblr-1726	589	172	economic	economic	ADJ
cblr-1726	589	173	growth	growth	NOUN
cblr-1726	589	174	.	.	PUNCT
cblr-1726	590	1	the	the	DET
cblr-1726	590	2	breakdown	breakdown	NOUN
cblr-1726	590	3	of	of	ADP
cblr-1726	590	4	private	private	ADJ
cblr-1726	590	5	wholesale	wholesale	ADJ
cblr-1726	590	6	funding	funding	NOUN
cblr-1726	590	7	markets	market	NOUN
cblr-1726	590	8	during	during	ADP
cblr-1726	590	9	the	the	DET
cblr-1726	590	10	financial	financial	ADJ
cblr-1726	590	11	crisis	crisis	NOUN
cblr-1726	590	12	forced	force	VERB
cblr-1726	590	13	many	many	ADJ
cblr-1726	590	14	banks	bank	NOUN
cblr-1726	590	15	and	and	CCONJ
cblr-1726	590	16	other	other	ADJ
cblr-1726	590	17	eligible	eligible	ADJ
cblr-1726	590	18	financial	financial	ADJ
cblr-1726	590	19	institutions	institution	NOUN
cblr-1726	590	20	to	to	PART
cblr-1726	590	21	seek	seek	VERB
cblr-1726	590	22	ela	ela	PROPN
cblr-1726	590	23	and	and	CCONJ
cblr-1726	590	24	other	other	ADJ
cblr-1726	590	25	forms	form	NOUN
cblr-1726	590	26	of	of	ADP
cblr-1726	590	27	government	government	NOUN
cblr-1726	590	28	support.141	support.141	NOUN
cblr-1726	590	29	as	as	SCONJ
cblr-1726	590	30	we	we	PRON
cblr-1726	590	31	have	have	AUX
cblr-1726	590	32	already	already	ADV
cblr-1726	590	33	seen	see	VERB
cblr-1726	590	34	,	,	PUNCT
cblr-1726	590	35	however	however	ADV
cblr-1726	590	36	,	,	PUNCT
cblr-1726	590	37	the	the	DET
cblr-1726	590	38	central	central	ADJ
cblr-1726	590	39	banks	bank	NOUN
cblr-1726	590	40	that	that	PRON
cblr-1726	590	41	administered	administer	VERB
cblr-1726	590	42	conventional	conventional	ADJ
cblr-1726	590	43	ela	ela	PROPN
cblr-1726	590	44	facilities	facility	NOUN
cblr-1726	590	45	were	be	AUX
cblr-1726	590	46	typically	typically	ADV
cblr-1726	590	47	not	not	PART
cblr-1726	590	48	in	in	ADP
cblr-1726	590	49	a	a	DET
cblr-1726	590	50	position	position	NOUN
cblr-1726	590	51	to	to	PART
cblr-1726	590	52	provide	provide	VERB
cblr-1726	590	53	the	the	DET
cblr-1726	590	54	u.s	u.s	PROPN
cblr-1726	590	55	.	.	PROPN
cblr-1726	590	56	dollars	dollar	NOUN
cblr-1726	590	57	and	and	CCONJ
cblr-1726	590	58	other	other	ADJ
cblr-1726	590	59	foreign	foreign	ADJ
cblr-1726	590	60	currencies	currency	NOUN
cblr-1726	590	61	that	that	PRON
cblr-1726	590	62	these	these	DET
cblr-1726	590	63	financial	financial	ADJ
cblr-1726	590	64	institutions	institution	NOUN
cblr-1726	590	65	required.142	required.142	INTJ
cblr-1726	590	66	it	it	PRON
cblr-1726	590	67	was	be	AUX
cblr-1726	590	68	in	in	ADP
cblr-1726	590	69	response	response	NOUN
cblr-1726	590	70	to	to	ADP
cblr-1726	590	71	this	this	DET
cblr-1726	590	72	problem	problem	NOUN
cblr-1726	590	73	that	that	SCONJ
cblr-1726	590	74	the	the	DET
cblr-1726	590	75	federal	federal	PROPN
cblr-1726	590	76	reserve	reserve	PROPN
cblr-1726	590	77	,	,	PUNCT
cblr-1726	590	78	in	in	ADP
cblr-1726	590	79	coordination	coordination	NOUN
cblr-1726	590	80	with	with	ADP
cblr-1726	590	81	the	the	DET
cblr-1726	590	82	central	central	ADJ
cblr-1726	590	83	banks	bank	NOUN
cblr-1726	590	84	in	in	ADP
cblr-1726	590	85	several	several	ADJ
cblr-1726	590	86	138	138	NUM
cblr-1726	590	87	see	see	NOUN
cblr-1726	590	88	daniel	daniel	PROPN
cblr-1726	590	89	mcdowell	mcdowell	PROPN
cblr-1726	590	90	,	,	PUNCT
cblr-1726	590	91	emergent	emergent	ADJ
cblr-1726	590	92	international	international	ADJ
cblr-1726	590	93	liquidity	liquidity	NOUN
cblr-1726	590	94	agreements	agreement	NOUN
cblr-1726	590	95	:	:	PUNCT
cblr-1726	590	96	central	central	ADJ
cblr-1726	590	97	bank	bank	NOUN
cblr-1726	590	98	cooperation	cooperation	NOUN
cblr-1726	590	99	after	after	ADP
cblr-1726	590	100	the	the	DET
cblr-1726	590	101	global	global	ADJ
cblr-1726	590	102	financial	financial	ADJ
cblr-1726	590	103	crisis	crisis	NOUN
cblr-1726	590	104	,	,	PUNCT
cblr-1726	590	105	j.	j.	PROPN
cblr-1726	590	106	int’l	int’l	PROPN
cblr-1726	590	107	rel	rel	PROPN
cblr-1726	590	108	.	.	PROPN
cblr-1726	590	109	&	&	CCONJ
cblr-1726	590	110	dev	dev	PROPN
cblr-1726	590	111	.	.	PUNCT
cblr-1726	591	1	(	(	PUNCT
cblr-1726	591	2	forthcoming	forthcoming	ADJ
cblr-1726	591	3	2017	2017	NUM
cblr-1726	591	4	)	)	PUNCT
cblr-1726	591	5	.	.	PUNCT
cblr-1726	592	1	139	139	NUM
cblr-1726	592	2	the	the	DET
cblr-1726	592	3	challenges	challenge	NOUN
cblr-1726	592	4	of	of	ADP
cblr-1726	592	5	trade	trade	NOUN
cblr-1726	592	6	financing	financing	NOUN
cblr-1726	592	7	,	,	PUNCT
cblr-1726	592	8	wto	wto	PROPN
cblr-1726	592	9	(	(	PUNCT
cblr-1726	592	10	2009	2009	NUM
cblr-1726	592	11	)	)	PUNCT
cblr-1726	592	12	,	,	PUNCT
cblr-1726	592	13	https://www.wto.org/english/thewto_e/coher_e/challenges_e.htm	https://www.wto.org/english/thewto_e/coher_e/challenges_e.htm	X
cblr-1726	593	1	[	[	X
cblr-1726	593	2	perma.cc/7nn6-a67z	perma.cc/7nn6-a67z	X
cblr-1726	593	3	]	]	X
cblr-1726	593	4	.	.	PUNCT
cblr-1726	594	1	140	140	NUM
cblr-1726	594	2	mcdowell	mcdowell	PROPN
cblr-1726	594	3	,	,	PUNCT
cblr-1726	594	4	supra	supra	PROPN
cblr-1726	594	5	note	note	PROPN
cblr-1726	594	6	138	138	NUM
cblr-1726	594	7	.	.	PUNCT
cblr-1726	594	8	141	141	NUM
cblr-1726	594	9	allen	allen	ADJ
cblr-1726	594	10	,	,	PUNCT
cblr-1726	594	11	supra	supra	PROPN
cblr-1726	594	12	note	note	NOUN
cblr-1726	594	13	123	123	NUM
cblr-1726	594	14	,	,	PUNCT
cblr-1726	594	15	at	at	ADP
cblr-1726	594	16	49	49	NUM
cblr-1726	594	17	.	.	PUNCT
cblr-1726	595	1	142	142	NUM
cblr-1726	595	2	a	a	DET
cblr-1726	595	3	notable	notable	ADJ
cblr-1726	595	4	exception	exception	NOUN
cblr-1726	595	5	were	be	AUX
cblr-1726	595	6	domestic	domestic	ADJ
cblr-1726	595	7	subsidiaries	subsidiary	NOUN
cblr-1726	595	8	of	of	ADP
cblr-1726	595	9	foreign	foreign	ADJ
cblr-1726	595	10	banks	bank	NOUN
cblr-1726	595	11	,	,	PUNCT
cblr-1726	595	12	which	which	PRON
cblr-1726	595	13	typically	typically	ADV
cblr-1726	595	14	had	have	VERB
cblr-1726	595	15	access	access	NOUN
cblr-1726	595	16	to	to	ADP
cblr-1726	595	17	domestic	domestic	ADJ
cblr-1726	595	18	ela	ela	PROPN
cblr-1726	595	19	facilities	facility	NOUN
cblr-1726	595	20	and	and	CCONJ
cblr-1726	595	21	could	could	AUX
cblr-1726	595	22	lend	lend	VERB
cblr-1726	595	23	on	on	ADP
cblr-1726	595	24	the	the	DET
cblr-1726	595	25	borrowed	borrow	VERB
cblr-1726	595	26	currencies	currency	NOUN
cblr-1726	595	27	to	to	ADP
cblr-1726	595	28	their	their	PRON
cblr-1726	595	29	foreign	foreign	ADJ
cblr-1726	595	30	parents	parent	NOUN
cblr-1726	595	31	.	.	PUNCT
cblr-1726	596	1	wiggins	wiggins	PROPN
cblr-1726	596	2	&	&	CCONJ
cblr-1726	596	3	metrick	metrick	ADJ
cblr-1726	596	4	,	,	PUNCT
cblr-1726	596	5	supra	supra	PROPN
cblr-1726	596	6	note	note	NOUN
cblr-1726	596	7	129	129	NUM
cblr-1726	596	8	,	,	PUNCT
cblr-1726	596	9	at	at	ADP
cblr-1726	596	10	7	7	NUM
cblr-1726	596	11	.	.	PUNCT
cblr-1726	596	12	awrey	awrey	NOUN
cblr-1726	596	13	–	–	PUNCT
cblr-1726	596	14	final	final	ADJ
cblr-1726	596	15	no	no	NOUN
cblr-1726	596	16	.	.	PUNCT
cblr-1726	597	1	3:934	3:934	X
cblr-1726	597	2	]	]	X
cblr-1726	597	3	foreign	foreign	ADJ
cblr-1726	597	4	currency	currency	NOUN
cblr-1726	597	5	liquidity	liquidity	NOUN
cblr-1726	597	6	assistance	assistance	NOUN
cblr-1726	597	7	977	977	NUM
cblr-1726	597	8	other	other	ADJ
cblr-1726	597	9	key	key	ADJ
cblr-1726	597	10	jurisdictions	jurisdiction	NOUN
cblr-1726	597	11	,	,	PUNCT
cblr-1726	597	12	undertook	undertake	VERB
cblr-1726	597	13	one	one	NUM
cblr-1726	597	14	of	of	ADP
cblr-1726	597	15	the	the	DET
cblr-1726	597	16	most	most	ADV
cblr-1726	597	17	ambitious	ambitious	ADJ
cblr-1726	597	18	and	and	CCONJ
cblr-1726	597	19	important	important	ADJ
cblr-1726	597	20	policy	policy	NOUN
cblr-1726	597	21	interventions	intervention	NOUN
cblr-1726	597	22	of	of	ADP
cblr-1726	597	23	the	the	DET
cblr-1726	597	24	financial	financial	ADJ
cblr-1726	597	25	crisis	crisis	NOUN
cblr-1726	597	26	.	.	PUNCT
cblr-1726	598	1	on	on	ADP
cblr-1726	598	2	december	december	PROPN
cblr-1726	598	3	12	12	NUM
cblr-1726	598	4	,	,	PUNCT
cblr-1726	598	5	2007	2007	NUM
cblr-1726	598	6	,	,	PUNCT
cblr-1726	598	7	the	the	DET
cblr-1726	598	8	federal	federal	PROPN
cblr-1726	598	9	reserve	reserve	PROPN
cblr-1726	598	10	announced	announce	VERB
cblr-1726	598	11	that	that	SCONJ
cblr-1726	598	12	it	it	PRON
cblr-1726	598	13	had	have	AUX
cblr-1726	598	14	entered	enter	VERB
cblr-1726	598	15	into	into	ADP
cblr-1726	598	16	temporary	temporary	ADJ
cblr-1726	598	17	reciprocal	reciprocal	ADJ
cblr-1726	598	18	foreign	foreign	ADJ
cblr-1726	598	19	currency	currency	NOUN
cblr-1726	598	20	swap	swap	NOUN
cblr-1726	598	21	lines	line	NOUN
cblr-1726	598	22	with	with	ADP
cblr-1726	598	23	the	the	DET
cblr-1726	598	24	european	european	PROPN
cblr-1726	598	25	central	central	PROPN
cblr-1726	598	26	bank	bank	PROPN
cblr-1726	598	27	(	(	PUNCT
cblr-1726	598	28	the	the	DET
cblr-1726	598	29	“	"	PUNCT
cblr-1726	598	30	ecb	ecb	NOUN
cblr-1726	598	31	”	"	PUNCT
cblr-1726	598	32	)	)	PUNCT
cblr-1726	598	33	and	and	CCONJ
cblr-1726	598	34	the	the	DET
cblr-1726	598	35	swiss	swiss	PROPN
cblr-1726	598	36	national	national	PROPN
cblr-1726	598	37	bank	bank	PROPN
cblr-1726	598	38	(	(	PUNCT
cblr-1726	598	39	the	the	DET
cblr-1726	598	40	“	"	PUNCT
cblr-1726	598	41	snb”).143	snb”).143	NOUN
cblr-1726	598	42	these	these	DET
cblr-1726	598	43	swap	swap	NOUN
cblr-1726	598	44	lines	line	NOUN
cblr-1726	598	45	permitted	permit	VERB
cblr-1726	598	46	the	the	DET
cblr-1726	598	47	ecb	ecb	NOUN
cblr-1726	598	48	and	and	CCONJ
cblr-1726	598	49	snb	snb	PROPN
cblr-1726	598	50	to	to	PART
cblr-1726	598	51	exchange	exchange	VERB
cblr-1726	598	52	their	their	PRON
cblr-1726	598	53	domestic	domestic	ADJ
cblr-1726	598	54	currencies	currency	NOUN
cblr-1726	598	55	for	for	ADP
cblr-1726	598	56	u.s	u.s	PROPN
cblr-1726	598	57	.	.	PROPN
cblr-1726	598	58	dollars	dollar	NOUN
cblr-1726	598	59	that	that	PRON
cblr-1726	598	60	could	could	AUX
cblr-1726	598	61	then	then	ADV
cblr-1726	598	62	be	be	AUX
cblr-1726	598	63	lent	lend	VERB
cblr-1726	598	64	to	to	ADP
cblr-1726	598	65	banks	bank	NOUN
cblr-1726	598	66	and	and	CCONJ
cblr-1726	598	67	other	other	ADJ
cblr-1726	598	68	domestic	domestic	ADJ
cblr-1726	598	69	financial	financial	ADJ
cblr-1726	598	70	institutions	institution	NOUN
cblr-1726	598	71	in	in	ADP
cblr-1726	598	72	order	order	NOUN
cblr-1726	598	73	to	to	PART
cblr-1726	598	74	plug	plug	VERB
cblr-1726	598	75	their	their	PRON
cblr-1726	598	76	u.s	u.s	PROPN
cblr-1726	598	77	.	.	PROPN
cblr-1726	598	78	dollar	dollar	NOUN
cblr-1726	598	79	funding	funding	NOUN
cblr-1726	598	80	gaps	gap	NOUN
cblr-1726	598	81	.	.	PUNCT
cblr-1726	599	1	at	at	ADP
cblr-1726	599	2	the	the	DET
cblr-1726	599	3	time	time	NOUN
cblr-1726	599	4	,	,	PUNCT
cblr-1726	599	5	the	the	DET
cblr-1726	599	6	fed	fed	PROPN
cblr-1726	599	7	characterized	characterize	VERB
cblr-1726	599	8	the	the	DET
cblr-1726	599	9	extension	extension	NOUN
cblr-1726	599	10	of	of	ADP
cblr-1726	599	11	these	these	DET
cblr-1726	599	12	swap	swap	NOUN
cblr-1726	599	13	lines	line	NOUN
cblr-1726	599	14	as	as	SCONJ
cblr-1726	599	15	designed	design	VERB
cblr-1726	599	16	to	to	PART
cblr-1726	599	17	“	"	PUNCT
cblr-1726	599	18	address	address	VERB
cblr-1726	599	19	elevated	elevated	ADJ
cblr-1726	599	20	pressures	pressure	NOUN
cblr-1726	599	21	in	in	ADP
cblr-1726	599	22	short	short	ADJ
cblr-1726	599	23	-	-	PUNCT
cblr-1726	599	24	term	term	NOUN
cblr-1726	599	25	funding	funding	NOUN
cblr-1726	599	26	markets	market	NOUN
cblr-1726	599	27	.	.	PUNCT
cblr-1726	599	28	”144	”144	PUNCT
cblr-1726	600	1	in	in	ADP
cblr-1726	600	2	effect	effect	NOUN
cblr-1726	600	3	,	,	PUNCT
cblr-1726	600	4	the	the	DET
cblr-1726	600	5	objective	objective	NOUN
cblr-1726	600	6	was	be	AUX
cblr-1726	600	7	to	to	PART
cblr-1726	600	8	mitigate	mitigate	VERB
cblr-1726	600	9	the	the	DET
cblr-1726	600	10	risk	risk	NOUN
cblr-1726	600	11	that	that	SCONJ
cblr-1726	600	12	foreign	foreign	ADJ
cblr-1726	600	13	financial	financial	ADJ
cblr-1726	600	14	institutions	institution	NOUN
cblr-1726	600	15	would	would	AUX
cblr-1726	600	16	be	be	AUX
cblr-1726	600	17	unable	unable	ADJ
cblr-1726	600	18	to	to	PART
cblr-1726	600	19	roll	roll	VERB
cblr-1726	600	20	over	over	ADP
cblr-1726	600	21	their	their	PRON
cblr-1726	600	22	short	short	ADJ
cblr-1726	600	23	-	-	PUNCT
cblr-1726	600	24	term	term	NOUN
cblr-1726	600	25	u.s	u.s	PROPN
cblr-1726	600	26	.	.	PROPN
cblr-1726	600	27	dollar	dollar	NOUN
cblr-1726	600	28	liabilities	liability	NOUN
cblr-1726	600	29	,	,	PUNCT
cblr-1726	600	30	thereby	thereby	ADV
cblr-1726	600	31	reducing	reduce	VERB
cblr-1726	600	32	the	the	DET
cblr-1726	600	33	pressure	pressure	NOUN
cblr-1726	600	34	on	on	ADP
cblr-1726	600	35	these	these	DET
cblr-1726	600	36	institutions	institution	NOUN
cblr-1726	600	37	to	to	PART
cblr-1726	600	38	engage	engage	VERB
cblr-1726	600	39	in	in	ADP
cblr-1726	600	40	destabilizing	destabilizing	ADJ
cblr-1726	600	41	fire	fire	NOUN
cblr-1726	600	42	sales	sale	NOUN
cblr-1726	600	43	of	of	ADP
cblr-1726	600	44	u.s	u.s	PROPN
cblr-1726	600	45	.	.	PROPN
cblr-1726	600	46	dollar	dollar	NOUN
cblr-1726	600	47	-	-	PUNCT
cblr-1726	600	48	denominated	denominate	VERB
cblr-1726	600	49	assets	asset	NOUN
cblr-1726	600	50	or	or	CCONJ
cblr-1726	600	51	cut	cut	VERB
cblr-1726	600	52	back	back	ADV
cblr-1726	600	53	on	on	ADP
cblr-1726	600	54	their	their	PRON
cblr-1726	600	55	trade	trade	NOUN
cblr-1726	600	56	financing	financing	NOUN
cblr-1726	600	57	and	and	CCONJ
cblr-1726	600	58	other	other	ADJ
cblr-1726	600	59	lending	lending	NOUN
cblr-1726	600	60	activities.145	activities.145	VERB
cblr-1726	600	61	these	these	DET
cblr-1726	600	62	central	central	ADJ
cblr-1726	600	63	bank	bank	PROPN
cblr-1726	600	64	swap	swap	NOUN
cblr-1726	600	65	lines	line	NOUN
cblr-1726	600	66	worked	work	VERB
cblr-1726	600	67	as	as	SCONJ
cblr-1726	600	68	follows	follow	VERB
cblr-1726	600	69	.	.	PUNCT
cblr-1726	601	1	when	when	SCONJ
cblr-1726	601	2	a	a	DET
cblr-1726	601	3	foreign	foreign	ADJ
cblr-1726	601	4	central	central	ADJ
cblr-1726	601	5	bank	bank	NOUN
cblr-1726	601	6	wished	wish	VERB
cblr-1726	601	7	to	to	PART
cblr-1726	601	8	draw	draw	VERB
cblr-1726	601	9	on	on	ADP
cblr-1726	601	10	the	the	DET
cblr-1726	601	11	swap	swap	NOUN
cblr-1726	601	12	line	line	NOUN
cblr-1726	601	13	,	,	PUNCT
cblr-1726	601	14	it	it	PRON
cblr-1726	601	15	would	would	AUX
cblr-1726	601	16	sell	sell	VERB
cblr-1726	601	17	a	a	DET
cblr-1726	601	18	given	give	VERB
cblr-1726	601	19	quantity	quantity	NOUN
cblr-1726	601	20	of	of	ADP
cblr-1726	601	21	its	its	PRON
cblr-1726	601	22	own	own	ADJ
cblr-1726	601	23	currency	currency	NOUN
cblr-1726	601	24	to	to	ADP
cblr-1726	601	25	the	the	DET
cblr-1726	601	26	federal	federal	PROPN
cblr-1726	601	27	reserve	reserve	PROPN
cblr-1726	601	28	at	at	ADP
cblr-1726	601	29	the	the	DET
cblr-1726	601	30	prevailing	prevail	VERB
cblr-1726	601	31	exchange	exchange	NOUN
cblr-1726	601	32	rate.146	rate.146	ADV
cblr-1726	601	33	contemporaneously	contemporaneously	ADV
cblr-1726	601	34	with	with	ADP
cblr-1726	601	35	this	this	DET
cblr-1726	601	36	sale	sale	NOUN
cblr-1726	601	37	,	,	PUNCT
cblr-1726	601	38	the	the	DET
cblr-1726	601	39	central	central	ADJ
cblr-1726	601	40	bank	bank	NOUN
cblr-1726	601	41	would	would	AUX
cblr-1726	601	42	agree	agree	VERB
cblr-1726	601	43	to	to	PART
cblr-1726	601	44	repurchase	repurchase	VERB
cblr-1726	601	45	its	its	PRON
cblr-1726	601	46	currency	currency	NOUN
cblr-1726	601	47	from	from	ADP
cblr-1726	601	48	the	the	DET
cblr-1726	601	49	fed	fed	PROPN
cblr-1726	601	50	at	at	ADP
cblr-1726	601	51	the	the	DET
cblr-1726	601	52	same	same	ADJ
cblr-1726	601	53	exchange	exchange	NOUN
cblr-1726	601	54	rate	rate	NOUN
cblr-1726	601	55	at	at	ADP
cblr-1726	601	56	an	an	DET
cblr-1726	601	57	agreedupon	agreedupon	NOUN
cblr-1726	601	58	maturity	maturity	NOUN
cblr-1726	601	59	date.147	date.147	VERB
cblr-1726	601	60	the	the	DET
cblr-1726	601	61	foreign	foreign	ADJ
cblr-1726	601	62	central	central	ADJ
cblr-1726	601	63	bank	bank	NOUN
cblr-1726	601	64	would	would	AUX
cblr-1726	601	65	then	then	ADV
cblr-1726	601	66	143	143	NUM
cblr-1726	601	67	press	press	NOUN
cblr-1726	601	68	release	release	NOUN
cblr-1726	601	69	,	,	PUNCT
cblr-1726	601	70	bd	bd	PROPN
cblr-1726	601	71	.	.	PROPN
cblr-1726	601	72	of	of	ADP
cblr-1726	601	73	governors	governor	NOUN
cblr-1726	601	74	of	of	ADP
cblr-1726	601	75	the	the	DET
cblr-1726	601	76	fed	fed	PROPN
cblr-1726	601	77	.	.	PUNCT
cblr-1726	601	78	reserve	reserve	PROPN
cblr-1726	601	79	sys	sys	PROPN
cblr-1726	601	80	.	.	PROPN
cblr-1726	601	81	,	,	PUNCT
cblr-1726	601	82	federal	federal	PROPN
cblr-1726	601	83	reserve	reserve	PROPN
cblr-1726	601	84	and	and	CCONJ
cblr-1726	601	85	other	other	ADJ
cblr-1726	601	86	central	central	ADJ
cblr-1726	601	87	banks	bank	NOUN
cblr-1726	601	88	announce	announce	VERB
cblr-1726	601	89	measures	measure	NOUN
cblr-1726	601	90	designed	design	VERB
cblr-1726	601	91	to	to	PART
cblr-1726	601	92	address	address	VERB
cblr-1726	601	93	elevated	elevated	ADJ
cblr-1726	601	94	pressures	pressure	NOUN
cblr-1726	601	95	in	in	ADP
cblr-1726	601	96	short	short	ADJ
cblr-1726	601	97	-	-	PUNCT
cblr-1726	601	98	term	term	NOUN
cblr-1726	601	99	funding	funding	NOUN
cblr-1726	601	100	markets	market	NOUN
cblr-1726	601	101	(	(	PUNCT
cblr-1726	601	102	dec	dec	PROPN
cblr-1726	601	103	.	.	PROPN
cblr-1726	601	104	12	12	NUM
cblr-1726	601	105	,	,	PUNCT
cblr-1726	601	106	2007	2007	NUM
cblr-1726	601	107	)	)	PUNCT
cblr-1726	601	108	,	,	PUNCT
cblr-1726	601	109	http://www.federalreserve.gov/newsevents/press/monetary/20071212a.htm	http://www.federalreserve.gov/newsevents/press/monetary/20071212a.htm	X
cblr-1726	602	1	[	[	X
cblr-1726	602	2	perma.cc/bp2c-dcwr	perma.cc/bp2c-dcwr	X
cblr-1726	602	3	]	]	X
cblr-1726	602	4	.	.	PUNCT
cblr-1726	603	1	144	144	NUM
cblr-1726	604	1	i	i	PROPN
cblr-1726	604	2	d.	d.	PROPN
cblr-1726	604	3	145	145	NUM
cblr-1726	604	4	michael	michael	PROPN
cblr-1726	604	5	j.	j.	PROPN
cblr-1726	604	6	fleming	fleming	PROPN
cblr-1726	604	7	&	&	CCONJ
cblr-1726	604	8	nicolas	nicolas	PROPN
cblr-1726	604	9	j.	j.	PROPN
cblr-1726	604	10	klagge	klagge	PROPN
cblr-1726	604	11	,	,	PUNCT
cblr-1726	604	12	the	the	DET
cblr-1726	604	13	federal	federal	PROPN
cblr-1726	604	14	reserve	reserve	PROPN
cblr-1726	604	15	’s	’s	PART
cblr-1726	604	16	foreign	foreign	ADJ
cblr-1726	604	17	exchange	exchange	NOUN
cblr-1726	604	18	swap	swap	NOUN
cblr-1726	604	19	lines	line	NOUN
cblr-1726	604	20	,	,	PUNCT
cblr-1726	604	21	fed	fed	PROPN
cblr-1726	604	22	.	.	PUNCT
cblr-1726	605	1	res	res	PROPN
cblr-1726	605	2	.	.	PUNCT
cblr-1726	606	1	bank	bank	PROPN
cblr-1726	606	2	n.y	n.y	PROPN
cblr-1726	606	3	.	.	PROPN
cblr-1726	606	4	current	current	ADJ
cblr-1726	606	5	issues	issue	NOUN
cblr-1726	606	6	in	in	ADP
cblr-1726	606	7	econ	econ	PROPN
cblr-1726	606	8	.	.	PUNCT
cblr-1726	606	9	&	&	CCONJ
cblr-1726	606	10	fin	fin	PROPN
cblr-1726	606	11	.	.	PROPN
cblr-1726	606	12	,	,	PUNCT
cblr-1726	606	13	april	april	PROPN
cblr-1726	606	14	2010	2010	NUM
cblr-1726	606	15	,	,	PUNCT
cblr-1726	606	16	at	at	ADP
cblr-1726	606	17	1	1	NUM
cblr-1726	606	18	,	,	PUNCT
cblr-1726	606	19	3	3	NUM
cblr-1726	606	20	.	.	NOUN
cblr-1726	606	21	146	146	NUM
cblr-1726	607	1	i	i	PRON
cblr-1726	607	2	d.	d.	PROPN
cblr-1726	607	3	at	at	ADP
cblr-1726	607	4	2	2	NUM
cblr-1726	607	5	.	.	PUNCT
cblr-1726	608	1	while	while	SCONJ
cblr-1726	608	2	these	these	DET
cblr-1726	608	3	swap	swap	NOUN
cblr-1726	608	4	lines	line	NOUN
cblr-1726	608	5	were	be	AUX
cblr-1726	608	6	technically	technically	ADV
cblr-1726	608	7	reciprocal	reciprocal	ADJ
cblr-1726	608	8	,	,	PUNCT
cblr-1726	608	9	for	for	ADP
cblr-1726	608	10	ease	ease	NOUN
cblr-1726	608	11	of	of	ADP
cblr-1726	608	12	exposition	exposition	NOUN
cblr-1726	608	13	this	this	DET
cblr-1726	608	14	description	description	NOUN
cblr-1726	608	15	focuses	focus	VERB
cblr-1726	608	16	on	on	ADP
cblr-1726	608	17	the	the	DET
cblr-1726	608	18	mechanics	mechanic	NOUN
cblr-1726	608	19	of	of	ADP
cblr-1726	608	20	how	how	SCONJ
cblr-1726	608	21	foreign	foreign	ADJ
cblr-1726	608	22	central	central	ADJ
cblr-1726	608	23	banks	bank	NOUN
cblr-1726	608	24	purchased	purchase	VERB
cblr-1726	608	25	u.s	u.s	PROPN
cblr-1726	608	26	.	.	PROPN
cblr-1726	608	27	dollars	dollar	NOUN
cblr-1726	608	28	from	from	ADP
cblr-1726	608	29	the	the	DET
cblr-1726	608	30	federal	federal	PROPN
cblr-1726	608	31	reserve	reserve	PROPN
cblr-1726	608	32	,	,	PUNCT
cblr-1726	608	33	lent	lend	VERB
cblr-1726	608	34	them	they	PRON
cblr-1726	608	35	on	on	ADP
cblr-1726	608	36	to	to	ADP
cblr-1726	608	37	domestic	domestic	ADJ
cblr-1726	608	38	financial	financial	ADJ
cblr-1726	608	39	institutions	institution	NOUN
cblr-1726	608	40	,	,	PUNCT
cblr-1726	608	41	and	and	CCONJ
cblr-1726	608	42	subsequently	subsequently	ADV
cblr-1726	608	43	returned	return	VERB
cblr-1726	608	44	them	they	PRON
cblr-1726	608	45	to	to	ADP
cblr-1726	608	46	the	the	DET
cblr-1726	608	47	fed	fed	PROPN
cblr-1726	608	48	.	.	PUNCT
cblr-1726	609	1	147	147	NUM
cblr-1726	610	1	i	i	PRON
cblr-1726	610	2	d.	d.	PROPN
cblr-1726	610	3	awrey	awrey	PROPN
cblr-1726	610	4	–	–	PUNCT
cblr-1726	610	5	final	final	ADJ
cblr-1726	610	6	978	978	NUM
cblr-1726	610	7	columbia	columbia	PROPN
cblr-1726	610	8	business	business	NOUN
cblr-1726	610	9	law	law	PROPN
cblr-1726	610	10	review	review	NOUN
cblr-1726	611	1	[	[	X
cblr-1726	611	2	vol	vol	NOUN
cblr-1726	611	3	.	.	PUNCT
cblr-1726	611	4	2017	2017	NUM
cblr-1726	611	5	establish	establish	VERB
cblr-1726	611	6	the	the	DET
cblr-1726	611	7	eligibility	eligibility	NOUN
cblr-1726	611	8	requirements	requirement	NOUN
cblr-1726	611	9	,	,	PUNCT
cblr-1726	611	10	range	range	NOUN
cblr-1726	611	11	of	of	ADP
cblr-1726	611	12	acceptable	acceptable	ADJ
cblr-1726	611	13	collateral	collateral	NOUN
cblr-1726	611	14	,	,	PUNCT
cblr-1726	611	15	and	and	CCONJ
cblr-1726	611	16	other	other	ADJ
cblr-1726	611	17	terms	term	NOUN
cblr-1726	611	18	and	and	CCONJ
cblr-1726	611	19	conditions	condition	NOUN
cblr-1726	611	20	under	under	ADP
cblr-1726	611	21	which	which	PRON
cblr-1726	611	22	it	it	PRON
cblr-1726	611	23	would	would	AUX
cblr-1726	611	24	lend	lend	VERB
cblr-1726	611	25	the	the	DET
cblr-1726	611	26	newly	newly	ADV
cblr-1726	611	27	acquired	acquire	VERB
cblr-1726	611	28	dollars	dollar	NOUN
cblr-1726	611	29	to	to	ADP
cblr-1726	611	30	domestic	domestic	ADJ
cblr-1726	611	31	banks	bank	NOUN
cblr-1726	611	32	and	and	CCONJ
cblr-1726	611	33	other	other	ADJ
cblr-1726	611	34	financial	financial	ADJ
cblr-1726	611	35	institutions.148	institutions.148	NOUN
cblr-1726	611	36	it	it	PRON
cblr-1726	611	37	would	would	AUX
cblr-1726	611	38	then	then	ADV
cblr-1726	611	39	extend	extend	VERB
cblr-1726	611	40	u.s	u.s	PROPN
cblr-1726	611	41	.	.	PROPN
cblr-1726	611	42	dollar	dollar	NOUN
cblr-1726	611	43	loans	loan	NOUN
cblr-1726	611	44	to	to	ADP
cblr-1726	611	45	eligible	eligible	ADJ
cblr-1726	611	46	institutions	institution	NOUN
cblr-1726	611	47	,	,	PUNCT
cblr-1726	611	48	typically	typically	ADV
cblr-1726	611	49	by	by	ADP
cblr-1726	611	50	way	way	NOUN
cblr-1726	611	51	of	of	ADP
cblr-1726	611	52	fixed	fix	VERB
cblr-1726	611	53	or	or	CCONJ
cblr-1726	611	54	variable	variable	ADJ
cblr-1726	611	55	-	-	PUNCT
cblr-1726	611	56	rate	rate	NOUN
cblr-1726	611	57	auctions.149	auctions.149	ADP
cblr-1726	611	58	the	the	DET
cblr-1726	611	59	duration	duration	NOUN
cblr-1726	611	60	of	of	ADP
cblr-1726	611	61	these	these	DET
cblr-1726	611	62	loans	loan	NOUN
cblr-1726	611	63	ranged	range	VERB
cblr-1726	611	64	from	from	ADP
cblr-1726	611	65	overnight	overnight	ADV
cblr-1726	611	66	,	,	PUNCT
cblr-1726	611	67	to	to	ADP
cblr-1726	611	68	one	one	NUM
cblr-1726	611	69	week	week	NOUN
cblr-1726	611	70	,	,	PUNCT
cblr-1726	611	71	one	one	NUM
cblr-1726	611	72	month	month	NOUN
cblr-1726	611	73	,	,	PUNCT
cblr-1726	611	74	and	and	CCONJ
cblr-1726	611	75	three	three	NUM
cblr-1726	611	76	month	month	NOUN
cblr-1726	611	77	terms	term	NOUN
cblr-1726	611	78	.	.	PUNCT
cblr-1726	612	1	at	at	ADP
cblr-1726	612	2	the	the	DET
cblr-1726	612	3	conclusion	conclusion	NOUN
cblr-1726	612	4	of	of	ADP
cblr-1726	612	5	the	the	DET
cblr-1726	612	6	swap	swap	NOUN
cblr-1726	612	7	,	,	PUNCT
cblr-1726	612	8	the	the	DET
cblr-1726	612	9	foreign	foreign	ADJ
cblr-1726	612	10	central	central	ADJ
cblr-1726	612	11	bank	bank	NOUN
cblr-1726	612	12	would	would	AUX
cblr-1726	612	13	repurchase	repurchase	VERB
cblr-1726	612	14	its	its	PRON
cblr-1726	612	15	currency	currency	NOUN
cblr-1726	612	16	with	with	ADP
cblr-1726	612	17	u.s	u.s	PROPN
cblr-1726	612	18	.	.	PROPN
cblr-1726	612	19	dollars	dollar	NOUN
cblr-1726	612	20	and	and	CCONJ
cblr-1726	612	21	pay	pay	VERB
cblr-1726	612	22	the	the	DET
cblr-1726	612	23	fed	fed	PROPN
cblr-1726	612	24	interest	interest	NOUN
cblr-1726	612	25	equal	equal	ADJ
cblr-1726	612	26	to	to	ADP
cblr-1726	612	27	the	the	DET
cblr-1726	612	28	interest	interest	NOUN
cblr-1726	612	29	rate	rate	NOUN
cblr-1726	612	30	charged	charge	VERB
cblr-1726	612	31	on	on	ADP
cblr-1726	612	32	the	the	DET
cblr-1726	612	33	dollar	dollar	NOUN
cblr-1726	612	34	loans	loan	NOUN
cblr-1726	612	35	extended	extend	VERB
cblr-1726	612	36	to	to	ADP
cblr-1726	612	37	eligible	eligible	ADJ
cblr-1726	612	38	institutions.150	institutions.150	NOUN
cblr-1726	612	39	importantly	importantly	ADV
cblr-1726	612	40	,	,	PUNCT
cblr-1726	612	41	the	the	DET
cblr-1726	612	42	fact	fact	NOUN
cblr-1726	612	43	that	that	SCONJ
cblr-1726	612	44	the	the	DET
cblr-1726	612	45	foreign	foreign	ADJ
cblr-1726	612	46	central	central	ADJ
cblr-1726	612	47	bank	bank	NOUN
cblr-1726	612	48	stood	stand	VERB
cblr-1726	612	49	between	between	ADP
cblr-1726	612	50	the	the	DET
cblr-1726	612	51	fed	fed	PROPN
cblr-1726	612	52	and	and	CCONJ
cblr-1726	612	53	eligible	eligible	ADJ
cblr-1726	612	54	institutions	institution	NOUN
cblr-1726	612	55	left	leave	VERB
cblr-1726	612	56	it	it	PRON
cblr-1726	612	57	exposed	expose	VERB
cblr-1726	612	58	to	to	ADP
cblr-1726	612	59	both	both	DET
cblr-1726	612	60	credit	credit	NOUN
cblr-1726	612	61	risk	risk	NOUN
cblr-1726	612	62	in	in	ADP
cblr-1726	612	63	connection	connection	NOUN
cblr-1726	612	64	with	with	ADP
cblr-1726	612	65	its	its	PRON
cblr-1726	612	66	u.s	u.s	PROPN
cblr-1726	612	67	.	.	PROPN
cblr-1726	612	68	dollar	dollar	NOUN
cblr-1726	612	69	loans	loan	NOUN
cblr-1726	612	70	and	and	CCONJ
cblr-1726	612	71	,	,	PUNCT
cblr-1726	612	72	in	in	ADP
cblr-1726	612	73	the	the	DET
cblr-1726	612	74	event	event	NOUN
cblr-1726	612	75	that	that	PRON
cblr-1726	612	76	these	these	DET
cblr-1726	612	77	loans	loan	NOUN
cblr-1726	612	78	were	be	AUX
cblr-1726	612	79	not	not	PART
cblr-1726	612	80	repaid	repay	VERB
cblr-1726	612	81	before	before	ADP
cblr-1726	612	82	the	the	DET
cblr-1726	612	83	expiry	expiry	NOUN
cblr-1726	612	84	of	of	ADP
cblr-1726	612	85	the	the	DET
cblr-1726	612	86	swap	swap	NOUN
cblr-1726	612	87	,	,	PUNCT
cblr-1726	612	88	foreign	foreign	ADJ
cblr-1726	612	89	exchange	exchange	NOUN
cblr-1726	612	90	risk	risk	NOUN
cblr-1726	612	91	in	in	ADP
cblr-1726	612	92	connection	connection	NOUN
cblr-1726	612	93	with	with	ADP
cblr-1726	612	94	its	its	PRON
cblr-1726	612	95	obligations	obligation	NOUN
cblr-1726	612	96	to	to	PART
cblr-1726	612	97	repurchase	repurchase	VERB
cblr-1726	612	98	its	its	PRON
cblr-1726	612	99	domestic	domestic	ADJ
cblr-1726	612	100	currency.151	currency.151	NOUN
cblr-1726	612	101	the	the	DET
cblr-1726	612	102	first	first	ADJ
cblr-1726	612	103	swap	swap	NOUN
cblr-1726	612	104	lines	line	NOUN
cblr-1726	612	105	established	establish	VERB
cblr-1726	612	106	by	by	ADP
cblr-1726	612	107	the	the	DET
cblr-1726	612	108	federal	federal	PROPN
cblr-1726	612	109	reserve	reserve	PROPN
cblr-1726	612	110	and	and	CCONJ
cblr-1726	612	111	other	other	ADJ
cblr-1726	612	112	central	central	ADJ
cblr-1726	612	113	banks	bank	NOUN
cblr-1726	612	114	were	be	AUX
cblr-1726	612	115	relatively	relatively	ADV
cblr-1726	612	116	modest	modest	ADJ
cblr-1726	612	117	in	in	ADP
cblr-1726	612	118	both	both	CCONJ
cblr-1726	612	119	their	their	PRON
cblr-1726	612	120	scale	scale	NOUN
cblr-1726	612	121	and	and	CCONJ
cblr-1726	612	122	scope	scope	NOUN
cblr-1726	612	123	.	.	PUNCT
cblr-1726	613	1	the	the	DET
cblr-1726	613	2	swap	swap	NOUN
cblr-1726	613	3	lines	line	NOUN
cblr-1726	613	4	between	between	ADP
cblr-1726	613	5	the	the	DET
cblr-1726	613	6	fed	fed	PROPN
cblr-1726	613	7	and	and	CCONJ
cblr-1726	613	8	the	the	DET
cblr-1726	613	9	ecb	ecb	NOUN
cblr-1726	613	10	and	and	CCONJ
cblr-1726	613	11	the	the	DET
cblr-1726	613	12	snb	snb	PROPN
cblr-1726	613	13	were	be	AUX
cblr-1726	613	14	initially	initially	ADV
cblr-1726	613	15	capped	cap	VERB
cblr-1726	613	16	at	at	ADP
cblr-1726	613	17	$	$	SYM
cblr-1726	613	18	usd20	usd20	NOUN
cblr-1726	613	19	billion	billion	NUM
cblr-1726	613	20	and	and	CCONJ
cblr-1726	613	21	$	$	SYM
cblr-1726	613	22	usd4	usd4	NOUN
cblr-1726	613	23	billion	billion	NUM
cblr-1726	613	24	,	,	PUNCT
cblr-1726	613	25	respectively	respectively	ADV
cblr-1726	613	26	,	,	PUNCT
cblr-1726	613	27	and	and	CCONJ
cblr-1726	613	28	only	only	ADV
cblr-1726	613	29	approved	approve	VERB
cblr-1726	613	30	for	for	ADP
cblr-1726	613	31	a	a	DET
cblr-1726	613	32	period	period	NOUN
cblr-1726	613	33	of	of	ADP
cblr-1726	613	34	up	up	ADP
cblr-1726	613	35	to	to	PART
cblr-1726	613	36	6	6	NUM
cblr-1726	613	37	months.152	months.152	NUM
cblr-1726	613	38	however	however	ADV
cblr-1726	613	39	,	,	PUNCT
cblr-1726	613	40	as	as	SCONJ
cblr-1726	613	41	the	the	DET
cblr-1726	613	42	financial	financial	ADJ
cblr-1726	613	43	crisis	crisis	NOUN
cblr-1726	613	44	continued	continue	VERB
cblr-1726	613	45	148	148	NUM
cblr-1726	613	46	see	see	NOUN
cblr-1726	613	47	,	,	PUNCT
cblr-1726	613	48	e.g.	e.g.	ADV
cblr-1726	613	49	,	,	PUNCT
cblr-1726	613	50	news	news	NOUN
cblr-1726	613	51	release	release	NOUN
cblr-1726	613	52	,	,	PUNCT
cblr-1726	613	53	bank	bank	NOUN
cblr-1726	613	54	of	of	ADP
cblr-1726	613	55	eng	eng	PROPN
cblr-1726	613	56	.	.	PROPN
cblr-1726	613	57	,	,	PUNCT
cblr-1726	613	58	u.s	u.s	PROPN
cblr-1726	613	59	.	.	PROPN
cblr-1726	613	60	dollar	dollar	NOUN
cblr-1726	613	61	overnight	overnight	ADV
cblr-1726	613	62	repo	repo	ADP
cblr-1726	613	63	operations	operation	NOUN
cblr-1726	613	64	:	:	PUNCT
cblr-1726	613	65	bank	bank	PROPN
cblr-1726	613	66	of	of	ADP
cblr-1726	613	67	england	england	PROPN
cblr-1726	613	68	market	market	PROPN
cblr-1726	613	69	notice	notice	NOUN
cblr-1726	613	70	(	(	PUNCT
cblr-1726	613	71	sept	sept	PROPN
cblr-1726	613	72	.	.	PROPN
cblr-1726	613	73	22	22	NUM
cblr-1726	613	74	,	,	PUNCT
cblr-1726	613	75	2008	2008	NUM
cblr-1726	613	76	)	)	PUNCT
cblr-1726	613	77	,	,	PUNCT
cblr-1726	613	78	http://www.bankofengland.co.uk/markets/documents/marketnotice080918.pdf	http://www.bankofengland.co.uk/markets/documents/marketnotice080918.pdf	NOUN
cblr-1726	613	79	[	[	X
cblr-1726	613	80	perma.cc/2zwu-7k9n	perma.cc/2zwu-7k9n	X
cblr-1726	613	81	]	]	X
cblr-1726	613	82	.	.	PUNCT
cblr-1726	614	1	149	149	NUM
cblr-1726	614	2	fleming	fleming	PROPN
cblr-1726	614	3	&	&	CCONJ
cblr-1726	614	4	klagge	klagge	PROPN
cblr-1726	614	5	,	,	PUNCT
cblr-1726	614	6	supra	supra	PROPN
cblr-1726	614	7	note	note	PROPN
cblr-1726	614	8	145	145	NUM
cblr-1726	614	9	,	,	PUNCT
cblr-1726	614	10	at	at	ADP
cblr-1726	614	11	2	2	NUM
cblr-1726	614	12	.	.	NUM
cblr-1726	614	13	150	150	NUM
cblr-1726	615	1	i	i	PRON
cblr-1726	615	2	d.	d.	PROPN
cblr-1726	615	3	while	while	SCONJ
cblr-1726	615	4	the	the	DET
cblr-1726	615	5	fed	fed	PROPN
cblr-1726	615	6	did	do	AUX
cblr-1726	615	7	not	not	PART
cblr-1726	615	8	pay	pay	VERB
cblr-1726	615	9	interest	interest	NOUN
cblr-1726	615	10	on	on	ADP
cblr-1726	615	11	the	the	DET
cblr-1726	615	12	foreign	foreign	ADJ
cblr-1726	615	13	currency	currency	NOUN
cblr-1726	615	14	it	it	PRON
cblr-1726	615	15	received	receive	VERB
cblr-1726	615	16	under	under	ADP
cblr-1726	615	17	the	the	DET
cblr-1726	615	18	swap	swap	NOUN
cblr-1726	615	19	,	,	PUNCT
cblr-1726	615	20	it	it	PRON
cblr-1726	615	21	did	do	AUX
cblr-1726	615	22	commit	commit	VERB
cblr-1726	615	23	to	to	PART
cblr-1726	615	24	keep	keep	VERB
cblr-1726	615	25	the	the	DET
cblr-1726	615	26	currency	currency	NOUN
cblr-1726	615	27	in	in	ADP
cblr-1726	615	28	an	an	DET
cblr-1726	615	29	account	account	NOUN
cblr-1726	615	30	in	in	ADP
cblr-1726	615	31	its	its	PRON
cblr-1726	615	32	name	name	NOUN
cblr-1726	615	33	at	at	ADP
cblr-1726	615	34	the	the	DET
cblr-1726	615	35	foreign	foreign	ADJ
cblr-1726	615	36	central	central	ADJ
cblr-1726	615	37	bank	bank	NOUN
cblr-1726	615	38	.	.	PUNCT
cblr-1726	616	1	i	i	PRON
cblr-1726	616	2	d.	d.	PROPN
cblr-1726	616	3	at	at	ADP
cblr-1726	616	4	2–3	2–3	PROPN
cblr-1726	616	5	.	.	NOUN
cblr-1726	616	6	151	151	NUM
cblr-1726	616	7	foreign	foreign	ADJ
cblr-1726	616	8	exchange	exchange	NOUN
cblr-1726	616	9	risk	risk	NOUN
cblr-1726	616	10	arises	arise	VERB
cblr-1726	616	11	in	in	ADP
cblr-1726	616	12	this	this	DET
cblr-1726	616	13	context	context	NOUN
cblr-1726	616	14	by	by	ADP
cblr-1726	616	15	virtue	virtue	NOUN
cblr-1726	616	16	of	of	ADP
cblr-1726	616	17	the	the	DET
cblr-1726	616	18	necessity	necessity	NOUN
cblr-1726	616	19	of	of	ADP
cblr-1726	616	20	acquiring	acquire	VERB
cblr-1726	616	21	u.s	u.s	PROPN
cblr-1726	616	22	.	.	PROPN
cblr-1726	616	23	dollars	dollar	NOUN
cblr-1726	616	24	on	on	ADP
cblr-1726	616	25	the	the	DET
cblr-1726	616	26	open	open	ADJ
cblr-1726	616	27	market	market	NOUN
cblr-1726	616	28	in	in	ADP
cblr-1726	616	29	order	order	NOUN
cblr-1726	616	30	to	to	PART
cblr-1726	616	31	repurchase	repurchase	VERB
cblr-1726	616	32	the	the	DET
cblr-1726	616	33	domestic	domestic	ADJ
cblr-1726	616	34	currency	currency	NOUN
cblr-1726	616	35	.	.	PUNCT
cblr-1726	617	1	specifically	specifically	ADV
cblr-1726	617	2	,	,	PUNCT
cblr-1726	617	3	were	be	AUX
cblr-1726	617	4	the	the	DET
cblr-1726	617	5	u.s	u.s	PROPN
cblr-1726	617	6	.	.	PROPN
cblr-1726	617	7	dollar	dollar	NOUN
cblr-1726	617	8	to	to	PART
cblr-1726	617	9	appreciate	appreciate	VERB
cblr-1726	617	10	against	against	ADP
cblr-1726	617	11	the	the	DET
cblr-1726	617	12	relevant	relevant	ADJ
cblr-1726	617	13	currency	currency	NOUN
cblr-1726	617	14	during	during	ADP
cblr-1726	617	15	the	the	DET
cblr-1726	617	16	term	term	NOUN
cblr-1726	617	17	of	of	ADP
cblr-1726	617	18	the	the	DET
cblr-1726	617	19	swap	swap	NOUN
cblr-1726	617	20	,	,	PUNCT
cblr-1726	617	21	the	the	DET
cblr-1726	617	22	fact	fact	NOUN
cblr-1726	617	23	that	that	SCONJ
cblr-1726	617	24	the	the	DET
cblr-1726	617	25	spot	spot	NOUN
cblr-1726	617	26	and	and	CCONJ
cblr-1726	617	27	forward	forward	ADJ
cblr-1726	617	28	rates	rate	NOUN
cblr-1726	617	29	under	under	ADP
cblr-1726	617	30	the	the	DET
cblr-1726	617	31	swap	swap	NOUN
cblr-1726	617	32	were	be	AUX
cblr-1726	617	33	identical	identical	ADJ
cblr-1726	617	34	would	would	AUX
cblr-1726	617	35	mean	mean	VERB
cblr-1726	617	36	that	that	SCONJ
cblr-1726	617	37	the	the	DET
cblr-1726	617	38	costs	cost	NOUN
cblr-1726	617	39	of	of	ADP
cblr-1726	617	40	repurchasing	repurchase	VERB
cblr-1726	617	41	the	the	DET
cblr-1726	617	42	domestic	domestic	ADJ
cblr-1726	617	43	currency	currency	NOUN
cblr-1726	617	44	in	in	ADP
cblr-1726	617	45	the	the	DET
cblr-1726	617	46	second	second	ADJ
cblr-1726	617	47	leg	leg	NOUN
cblr-1726	617	48	of	of	ADP
cblr-1726	617	49	the	the	DET
cblr-1726	617	50	swap	swap	NOUN
cblr-1726	617	51	would	would	AUX
cblr-1726	617	52	exceed	exceed	VERB
cblr-1726	617	53	the	the	DET
cblr-1726	617	54	costs	cost	NOUN
cblr-1726	617	55	of	of	ADP
cblr-1726	617	56	acquiring	acquire	VERB
cblr-1726	617	57	dollars	dollar	NOUN
cblr-1726	617	58	in	in	ADP
cblr-1726	617	59	the	the	DET
cblr-1726	617	60	first	first	ADJ
cblr-1726	617	61	leg	leg	NOUN
cblr-1726	617	62	.	.	PUNCT
cblr-1726	618	1	152	152	NUM
cblr-1726	618	2	fed	fed	PROPN
cblr-1726	618	3	.	.	PUNCT
cblr-1726	619	1	res	re	NOUN
cblr-1726	619	2	.	.	PUNCT
cblr-1726	620	1	press	press	NOUN
cblr-1726	620	2	release	release	NOUN
cblr-1726	620	3	,	,	PUNCT
cblr-1726	620	4	supra	supra	PROPN
cblr-1726	620	5	note	note	NOUN
cblr-1726	620	6	143	143	NUM
cblr-1726	620	7	.	.	PUNCT
cblr-1726	621	1	awrey	awrey	PROPN
cblr-1726	621	2	–	–	PUNCT
cblr-1726	621	3	final	final	ADJ
cblr-1726	621	4	no	no	NOUN
cblr-1726	621	5	.	.	PUNCT
cblr-1726	622	1	3:934	3:934	X
cblr-1726	622	2	]	]	X
cblr-1726	622	3	foreign	foreign	ADJ
cblr-1726	622	4	currency	currency	NOUN
cblr-1726	622	5	liquidity	liquidity	NOUN
cblr-1726	622	6	assistance	assistance	NOUN
cblr-1726	622	7	979	979	NUM
cblr-1726	622	8	to	to	ADP
cblr-1726	622	9	unfold	unfold	VERB
cblr-1726	622	10	,	,	PUNCT
cblr-1726	622	11	the	the	DET
cblr-1726	622	12	fed	fed	PROPN
cblr-1726	622	13	was	be	AUX
cblr-1726	622	14	compelled	compel	VERB
cblr-1726	622	15	to	to	PART
cblr-1726	622	16	expand	expand	VERB
cblr-1726	622	17	this	this	DET
cblr-1726	622	18	nascent	nascent	ADJ
cblr-1726	622	19	network	network	NOUN
cblr-1726	622	20	of	of	ADP
cblr-1726	622	21	central	central	PROPN
cblr-1726	622	22	bank	bank	PROPN
cblr-1726	622	23	swap	swap	NOUN
cblr-1726	622	24	lines	line	NOUN
cblr-1726	622	25	and	and	CCONJ
cblr-1726	622	26	to	to	PART
cblr-1726	622	27	pump	pump	VERB
cblr-1726	622	28	significantly	significantly	ADV
cblr-1726	622	29	more	more	ADJ
cblr-1726	622	30	u.s	u.s	PROPN
cblr-1726	622	31	.	.	PROPN
cblr-1726	622	32	dollar	dollar	NOUN
cblr-1726	622	33	liquidity	liquidity	NOUN
cblr-1726	622	34	into	into	ADP
cblr-1726	622	35	this	this	DET
cblr-1726	622	36	network	network	NOUN
cblr-1726	622	37	.	.	PUNCT
cblr-1726	623	1	following	follow	VERB
cblr-1726	623	2	the	the	DET
cblr-1726	623	3	failure	failure	NOUN
cblr-1726	623	4	of	of	ADP
cblr-1726	623	5	lehman	lehman	PROPN
cblr-1726	623	6	brothers	brother	NOUN
cblr-1726	623	7	on	on	ADP
cblr-1726	623	8	september	september	PROPN
cblr-1726	623	9	15	15	NUM
cblr-1726	623	10	,	,	PUNCT
cblr-1726	623	11	2008	2008	NUM
cblr-1726	623	12	,	,	PUNCT
cblr-1726	623	13	the	the	DET
cblr-1726	623	14	fed	fed	PROPN
cblr-1726	623	15	announced	announce	VERB
cblr-1726	623	16	a	a	DET
cblr-1726	623	17	significant	significant	ADJ
cblr-1726	623	18	increase	increase	NOUN
cblr-1726	623	19	in	in	ADP
cblr-1726	623	20	the	the	DET
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cblr-1726	623	22	of	of	ADP
cblr-1726	623	23	u.s	u.s	PROPN
cblr-1726	623	24	.	.	PROPN
cblr-1726	623	25	dollar	dollar	PROPN
cblr-1726	623	26	funding	funding	NOUN
cblr-1726	623	27	available	available	ADJ
cblr-1726	623	28	under	under	ADP
cblr-1726	623	29	its	its	PRON
cblr-1726	623	30	swap	swap	NOUN
cblr-1726	623	31	lines	line	NOUN
cblr-1726	623	32	with	with	ADP
cblr-1726	623	33	the	the	DET
cblr-1726	623	34	ecb	ecb	NOUN
cblr-1726	623	35	and	and	CCONJ
cblr-1726	623	36	snb.153	snb.153	VERB
cblr-1726	623	37	it	it	PRON
cblr-1726	623	38	also	also	ADV
cblr-1726	623	39	announced	announce	VERB
cblr-1726	623	40	new	new	ADJ
cblr-1726	623	41	swap	swap	NOUN
cblr-1726	623	42	lines	line	NOUN
cblr-1726	623	43	with	with	ADP
cblr-1726	623	44	the	the	DET
cblr-1726	623	45	bank	bank	PROPN
cblr-1726	623	46	of	of	ADP
cblr-1726	623	47	japan	japan	PROPN
cblr-1726	623	48	(	(	PUNCT
cblr-1726	623	49	$	$	SYM
cblr-1726	623	50	usd60	usd60	NOUN
cblr-1726	623	51	billion	billion	NUM
cblr-1726	623	52	)	)	PUNCT
cblr-1726	623	53	,	,	PUNCT
cblr-1726	623	54	the	the	DET
cblr-1726	623	55	bank	bank	NOUN
cblr-1726	623	56	of	of	ADP
cblr-1726	623	57	england	england	PROPN
cblr-1726	623	58	(	(	PUNCT
cblr-1726	623	59	$	$	SYM
cblr-1726	623	60	usd40	usd40	NOUN
cblr-1726	623	61	billion	billion	NUM
cblr-1726	623	62	)	)	PUNCT
cblr-1726	623	63	,	,	PUNCT
cblr-1726	623	64	and	and	CCONJ
cblr-1726	623	65	the	the	DET
cblr-1726	623	66	bank	bank	NOUN
cblr-1726	623	67	of	of	ADP
cblr-1726	623	68	canada	canada	PROPN
cblr-1726	623	69	(	(	PUNCT
cblr-1726	623	70	$	$	SYM
cblr-1726	623	71	usd10	usd10	NOUN
cblr-1726	623	72	billion).154	billion).154	VERB
cblr-1726	623	73	the	the	DET
cblr-1726	623	74	following	following	ADJ
cblr-1726	623	75	week	week	NOUN
cblr-1726	623	76	,	,	PUNCT
cblr-1726	623	77	the	the	DET
cblr-1726	623	78	fed	fed	PROPN
cblr-1726	623	79	extended	extend	VERB
cblr-1726	623	80	swap	swap	NOUN
cblr-1726	623	81	lines	line	NOUN
cblr-1726	623	82	to	to	ADP
cblr-1726	623	83	the	the	DET
cblr-1726	623	84	reserve	reserve	PROPN
cblr-1726	623	85	bank	bank	PROPN
cblr-1726	623	86	of	of	ADP
cblr-1726	623	87	australia	australia	PROPN
cblr-1726	623	88	(	(	PUNCT
cblr-1726	623	89	$	$	SYM
cblr-1726	623	90	usd10	usd10	NOUN
cblr-1726	623	91	billion	billion	NUM
cblr-1726	623	92	)	)	PUNCT
cblr-1726	623	93	,	,	PUNCT
cblr-1726	623	94	svergis	svergis	PROPN
cblr-1726	623	95	riksbank	riksbank	ADJ
cblr-1726	623	96	(	(	PUNCT
cblr-1726	623	97	$	$	SYM
cblr-1726	623	98	usd10	usd10	NOUN
cblr-1726	623	99	billion	billion	NUM
cblr-1726	623	100	)	)	PUNCT
cblr-1726	623	101	,	,	PUNCT
cblr-1726	623	102	norges	norge	VERB
cblr-1726	623	103	bank	bank	NOUN
cblr-1726	623	104	(	(	PUNCT
cblr-1726	623	105	$	$	SYM
cblr-1726	623	106	usd5	usd5	NOUN
cblr-1726	623	107	billion	billion	NUM
cblr-1726	623	108	)	)	PUNCT
cblr-1726	623	109	,	,	PUNCT
cblr-1726	623	110	and	and	CCONJ
cblr-1726	623	111	danmarks	danmark	NOUN
cblr-1726	623	112	nationalbank	nationalbank	VERB
cblr-1726	623	113	(	(	PUNCT
cblr-1726	623	114	$	$	SYM
cblr-1726	623	115	usd5	usd5	NOUN
cblr-1726	623	116	billion).155	billion).155	VERB
cblr-1726	623	117	in	in	ADP
cblr-1726	623	118	response	response	NOUN
cblr-1726	623	119	to	to	ADP
cblr-1726	623	120	the	the	DET
cblr-1726	623	121	continued	continue	VERB
cblr-1726	623	122	deterioration	deterioration	NOUN
cblr-1726	623	123	of	of	ADP
cblr-1726	623	124	global	global	ADJ
cblr-1726	623	125	credit	credit	NOUN
cblr-1726	623	126	markets	market	NOUN
cblr-1726	623	127	,	,	PUNCT
cblr-1726	623	128	the	the	DET
cblr-1726	623	129	fed	fed	PROPN
cblr-1726	623	130	announced	announce	VERB
cblr-1726	623	131	on	on	ADP
cblr-1726	623	132	september	september	PROPN
cblr-1726	623	133	29	29	NUM
cblr-1726	623	134	that	that	SCONJ
cblr-1726	623	135	it	it	PRON
cblr-1726	623	136	was	be	AUX
cblr-1726	623	137	more	more	ADJ
cblr-1726	623	138	than	than	ADP
cblr-1726	623	139	doubling	double	VERB
cblr-1726	623	140	the	the	DET
cblr-1726	623	141	aggregate	aggregate	ADJ
cblr-1726	623	142	amount	amount	NOUN
cblr-1726	623	143	of	of	ADP
cblr-1726	623	144	u.s	u.s	PROPN
cblr-1726	623	145	.	.	PROPN
cblr-1726	623	146	dollars	dollar	NOUN
cblr-1726	623	147	available	available	ADJ
cblr-1726	623	148	under	under	ADP
cblr-1726	623	149	these	these	DET
cblr-1726	623	150	swap	swap	NOUN
cblr-1726	623	151	lines	line	NOUN
cblr-1726	623	152	from	from	ADP
cblr-1726	623	153	$	$	SYM
cblr-1726	623	154	usd290	usd290	PROPN
cblr-1726	623	155	billion	billion	NUM
cblr-1726	623	156	to	to	PART
cblr-1726	623	157	$	$	SYM
cblr-1726	623	158	usd620	usd620	PROPN
cblr-1726	623	159	billion.156	billion.156	PROPN
cblr-1726	623	160	this	this	PRON
cblr-1726	623	161	was	be	AUX
cblr-1726	623	162	followed	follow	VERB
cblr-1726	623	163	by	by	ADP
cblr-1726	623	164	the	the	DET
cblr-1726	623	165	announcement	announcement	NOUN
cblr-1726	623	166	on	on	ADP
cblr-1726	623	167	october	october	PROPN
cblr-1726	623	168	13	13	NUM
cblr-1726	623	169	that	that	PRON
cblr-1726	623	170	the	the	DET
cblr-1726	623	171	fed	fed	PROPN
cblr-1726	623	172	was	be	AUX
cblr-1726	623	173	removing	remove	VERB
cblr-1726	623	174	the	the	DET
cblr-1726	623	175	cap	cap	NOUN
cblr-1726	623	176	on	on	ADP
cblr-1726	623	177	its	its	PRON
cblr-1726	623	178	swap	swap	NOUN
cblr-1726	623	179	lines	line	NOUN
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cblr-1726	623	183	,	,	PUNCT
cblr-1726	623	184	snb	snb	PROPN
cblr-1726	623	185	,	,	PUNCT
cblr-1726	623	186	and	and	CCONJ
cblr-1726	623	187	the	the	DET
cblr-1726	623	188	bank	bank	NOUN
cblr-1726	623	189	of	of	ADP
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cblr-1726	623	191	,	,	PUNCT
cblr-1726	623	192	thus	thus	ADV
cblr-1726	623	193	effectively	effectively	ADV
cblr-1726	623	194	giving	give	VERB
cblr-1726	623	195	these	these	DET
cblr-1726	623	196	central	central	ADJ
cblr-1726	623	197	banks	bank	NOUN
cblr-1726	623	198	unlimited	unlimited	ADJ
cblr-1726	623	199	access	access	NOUN
cblr-1726	623	200	to	to	ADP
cblr-1726	623	201	u.s	u.s	PROPN
cblr-1726	623	202	.	.	PROPN
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cblr-1726	623	205	the	the	DET
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cblr-1726	623	208	outstanding	outstanding	ADJ
cblr-1726	623	209	under	under	ADP
cblr-1726	623	210	153	153	NUM
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cblr-1726	623	213	,	,	PUNCT
cblr-1726	623	214	bd	bd	PROPN
cblr-1726	623	215	.	.	PROPN
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cblr-1726	623	221	.	.	PUNCT
cblr-1726	624	1	reserve	reserve	PROPN
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cblr-1726	624	17	pressures	pressure	NOUN
cblr-1726	624	18	in	in	ADP
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cblr-1726	624	21	(	(	PUNCT
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cblr-1726	624	23	.	.	PROPN
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cblr-1726	624	25	,	,	PUNCT
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cblr-1726	634	31	federal	federal	PROPN
cblr-1726	634	32	reserve	reserve	PROPN
cblr-1726	634	33	would	would	AUX
cblr-1726	634	34	make	make	VERB
cblr-1726	634	35	over	over	ADP
cblr-1726	634	36	$	$	SYM
cblr-1726	634	37	usd10	usd10	NOUN
cblr-1726	634	38	trillion	trillion	NUM
cblr-1726	634	39	available	available	ADJ
cblr-1726	634	40	to	to	ADP
cblr-1726	634	41	foreign	foreign	ADJ
cblr-1726	634	42	central	central	ADJ
cblr-1726	634	43	banks	bank	NOUN
cblr-1726	634	44	under	under	ADP
cblr-1726	634	45	these	these	DET
cblr-1726	634	46	swap	swap	NOUN
cblr-1726	634	47	lines	line	NOUN
cblr-1726	634	48	over	over	ADP
cblr-1726	634	49	the	the	DET
cblr-1726	634	50	course	course	NOUN
cblr-1726	634	51	of	of	ADP
cblr-1726	634	52	the	the	DET
cblr-1726	634	53	financial	financial	ADJ
cblr-1726	634	54	crisis.159	crisis.159	PROPN
cblr-1726	634	55	similar	similar	ADJ
cblr-1726	634	56	central	central	ADJ
cblr-1726	634	57	bank	bank	NOUN
cblr-1726	634	58	swap	swap	NOUN
cblr-1726	634	59	lines	line	NOUN
cblr-1726	634	60	were	be	AUX
cblr-1726	634	61	established	establish	VERB
cblr-1726	634	62	during	during	ADP
cblr-1726	634	63	the	the	DET
cblr-1726	634	64	crisis	crisis	NOUN
cblr-1726	634	65	to	to	PART
cblr-1726	634	66	provide	provide	VERB
cblr-1726	634	67	euros	euro	NOUN
cblr-1726	634	68	,	,	PUNCT
cblr-1726	634	69	yen	yen	NOUN
cblr-1726	634	70	,	,	PUNCT
cblr-1726	634	71	swiss	swiss	ADJ
cblr-1726	634	72	francs	franc	NOUN
cblr-1726	634	73	,	,	PUNCT
cblr-1726	634	74	and	and	CCONJ
cblr-1726	634	75	chinese	chinese	ADJ
cblr-1726	634	76	renminbi.160	renminbi.160	ADJ
cblr-1726	634	77	figure	figure	NOUN
cblr-1726	634	78	3	3	NUM
cblr-1726	634	79	:	:	PUNCT
cblr-1726	634	80	drawings	drawing	NOUN
cblr-1726	634	81	under	under	ADP
cblr-1726	634	82	federal	federal	PROPN
cblr-1726	634	83	reserve	reserve	PROPN
cblr-1726	634	84	swap	swap	PROPN
cblr-1726	634	85	lines	line	NOUN
cblr-1726	634	86	(	(	PUNCT
cblr-1726	634	87	2007–2009)161	2007–2009)161	NUM
cblr-1726	634	88	(	(	PUNCT
cblr-1726	634	89	$	$	SYM
cblr-1726	634	90	usd	usd	NOUN
cblr-1726	634	91	millions	million	NOUN
cblr-1726	634	92	as	as	ADP
cblr-1726	634	93	at	at	ADP
cblr-1726	634	94	end	end	NOUN
cblr-1726	634	95	of	of	ADP
cblr-1726	634	96	quarter	quarter	NOUN
cblr-1726	634	97	)	)	PUNCT
cblr-1726	634	98	2007	2007	NUM
cblr-1726	634	99	q	q	NOUN
cblr-1726	635	1	4	4	NUM
cblr-1726	635	2	2008	2008	NUM
cblr-1726	635	3	q	q	NOUN
cblr-1726	635	4	1	1	NUM
cblr-1726	635	5	2008	2008	NUM
cblr-1726	635	6	q	q	NOUN
cblr-1726	635	7	2	2	NUM
cblr-1726	635	8	2008	2008	NUM
cblr-1726	635	9	q	q	NOUN
cblr-1726	635	10	3	3	NUM
cblr-1726	635	11	2008	2008	NUM
cblr-1726	635	12	q	q	NOUN
cblr-1726	635	13	4	4	NUM
cblr-1726	635	14	2009	2009	NUM
cblr-1726	635	15	q	q	NOUN
cblr-1726	635	16	1	1	NUM
cblr-1726	635	17	2009	2009	NUM
cblr-1726	635	18	q	q	NOUN
cblr-1726	635	19	2	2	NUM
cblr-1726	635	20	2009	2009	NUM
cblr-1726	635	21	q	q	NOUN
cblr-1726	635	22	3	3	NUM
cblr-1726	635	23	2009	2009	NUM
cblr-1726	635	24	q	q	PROPN
cblr-1726	635	25	4	4	NUM
cblr-1726	635	26	canada	canada	NOUN
cblr-1726	635	27	0	0	NUM
cblr-1726	635	28	0	0	NUM
cblr-1726	635	29	0	0	NUM
cblr-1726	635	30	0	0	NUM
cblr-1726	635	31	0	0	NUM
cblr-1726	635	32	0	0	NUM
cblr-1726	635	33	0	0	NUM
cblr-1726	635	34	0	0	SYM
cblr-1726	635	35	0	0	NUM
cblr-1726	635	36	ecb	ecb	NOUN
cblr-1726	635	37	20,000	20,000	NUM
cblr-1726	635	38	15,000	15,000	NUM
cblr-1726	635	39	50,000	50,000	NUM
cblr-1726	635	40	174,742	174,742	NUM
cblr-1726	635	41	291,352	291,352	NUM
cblr-1726	635	42	165,717	165,717	NUM
cblr-1726	635	43	59,899	59,899	NUM
cblr-1726	635	44	43,662	43,662	NUM
cblr-1726	635	45	6,506	6,506	NUM
cblr-1726	635	46	sw	sw	PROPN
cblr-1726	635	47	itzerland	itzerland	NOUN
cblr-1726	635	48	4,000	4,000	NUM
cblr-1726	635	49	6,000	6,000	NUM
cblr-1726	635	50	12,000	12,000	NUM
cblr-1726	635	51	28,900	28,900	NUM
cblr-1726	635	52	25,175	25,175	NUM
cblr-1726	635	53	7,318	7,318	NUM
cblr-1726	635	54	369	369	NUM
cblr-1726	635	55	0	0	NUM
cblr-1726	635	56	0	0	NUM
cblr-1726	636	1	japan	japan	PROPN
cblr-1726	636	2	0	0	NUM
cblr-1726	636	3	0	0	NUM
cblr-1726	636	4	0	0	NUM
cblr-1726	636	5	29,622	29,622	NUM
cblr-1726	636	6	122,716	122,716	NUM
cblr-1726	636	7	61,025	61,025	NUM
cblr-1726	636	8	17,923	17,923	NUM
cblr-1726	636	9	1,530	1,530	NUM
cblr-1726	636	10	545	545	NUM
cblr-1726	636	11	broad	broad	ADJ
cblr-1726	636	12	access	access	NOUN
cblr-1726	636	13	to	to	ADP
cblr-1726	636	14	liquidity	liquidity	NOUN
cblr-1726	636	15	and	and	CCONJ
cblr-1726	636	16	funding	funding	NOUN
cblr-1726	636	17	to	to	ADP
cblr-1726	636	18	financial	financial	ADJ
cblr-1726	636	19	institutions	institution	NOUN
cblr-1726	636	20	(	(	PUNCT
cblr-1726	636	21	oct	oct	PROPN
cblr-1726	636	22	.	.	PROPN
cblr-1726	636	23	13	13	NUM
cblr-1726	636	24	,	,	PUNCT
cblr-1726	636	25	2008	2008	NUM
cblr-1726	636	26	)	)	PUNCT
cblr-1726	636	27	,	,	PUNCT
cblr-1726	636	28	https://www.federalreserve.gov/newsevents/press/monetary/20081013a.htm	https://www.federalreserve.gov/newsevents/press/monetary/20081013a.htm	X
cblr-1726	637	1	[	[	X
cblr-1726	637	2	perma.cc/7ggg-g92	perma.cc/7ggg-g92	X
cblr-1726	637	3	t	t	X
cblr-1726	637	4	]	]	PUNCT
cblr-1726	637	5	.	.	PUNCT
cblr-1726	638	1	158	158	NUM
cblr-1726	638	2	allen	allen	ADJ
cblr-1726	638	3	,	,	PUNCT
cblr-1726	638	4	supra	supra	PROPN
cblr-1726	638	5	note	note	NOUN
cblr-1726	638	6	123	123	NUM
cblr-1726	638	7	,	,	PUNCT
cblr-1726	638	8	at	at	ADP
cblr-1726	638	9	113	113	NUM
cblr-1726	638	10	.	.	PUNCT
cblr-1726	638	11	159	159	NUM
cblr-1726	638	12	james	james	PROPN
cblr-1726	638	13	felkerson	felkerson	PROPN
cblr-1726	638	14	,	,	PUNCT
cblr-1726	638	15	$	$	SYM
cblr-1726	638	16	29,000,000,000,000	29,000,000,000,000	NUM
cblr-1726	638	17	:	:	PUNCT
cblr-1726	638	18	a	a	DET
cblr-1726	638	19	detailed	detailed	ADJ
cblr-1726	638	20	look	look	NOUN
cblr-1726	638	21	at	at	ADP
cblr-1726	638	22	the	the	DET
cblr-1726	638	23	fed	fed	PROPN
cblr-1726	638	24	’s	’s	PART
cblr-1726	638	25	bailout	bailout	NOUN
cblr-1726	638	26	by	by	ADP
cblr-1726	638	27	funding	funding	NOUN
cblr-1726	638	28	facility	facility	NOUN
cblr-1726	638	29	and	and	CCONJ
cblr-1726	638	30	recipient	recipient	NOUN
cblr-1726	638	31	11	11	NUM
cblr-1726	638	32	(	(	PUNCT
cblr-1726	638	33	levy	levy	NOUN
cblr-1726	638	34	econ	econ	X
cblr-1726	638	35	.	.	PUNCT
cblr-1726	638	36	inst	inst	PROPN
cblr-1726	638	37	.	.	PROPN
cblr-1726	638	38	,	,	PUNCT
cblr-1726	638	39	working	work	VERB
cblr-1726	638	40	paper	paper	NOUN
cblr-1726	638	41	no	no	INTJ
cblr-1726	638	42	.	.	PUNCT
cblr-1726	638	43	698	698	NUM
cblr-1726	638	44	,	,	PUNCT
cblr-1726	638	45	2011	2011	NUM
cblr-1726	638	46	)	)	PUNCT
cblr-1726	638	47	,	,	PUNCT
cblr-1726	638	48	http://www.levyinstitute.org/pubs/wp_698.pdf	http://www.levyinstitute.org/pubs/wp_698.pdf	X
cblr-1726	638	49	[	[	X
cblr-1726	638	50	perma.cc/x6xw-enm2	perma.cc/x6xw-enm2	X
cblr-1726	638	51	]	]	PUNCT
cblr-1726	638	52	.	.	PUNCT
cblr-1726	638	53	160	160	NUM
cblr-1726	638	54	for	for	ADP
cblr-1726	638	55	an	an	DET
cblr-1726	638	56	overview	overview	NOUN
cblr-1726	638	57	of	of	ADP
cblr-1726	638	58	these	these	DET
cblr-1726	638	59	other	other	ADJ
cblr-1726	638	60	central	central	ADJ
cblr-1726	638	61	bank	bank	PROPN
cblr-1726	638	62	swap	swap	NOUN
cblr-1726	638	63	networks	network	NOUN
cblr-1726	638	64	,	,	PUNCT
cblr-1726	638	65	see	see	VERB
cblr-1726	638	66	allen	allen	PROPN
cblr-1726	638	67	,	,	PUNCT
cblr-1726	638	68	supra	supra	PROPN
cblr-1726	638	69	note	note	NOUN
cblr-1726	638	70	123	123	NUM
cblr-1726	638	71	,	,	PUNCT
cblr-1726	638	72	at	at	ADP
cblr-1726	638	73	86–98	86–98	NUM
cblr-1726	638	74	.	.	PUNCT
cblr-1726	639	1	161	161	NUM
cblr-1726	640	1	i	i	PRON
cblr-1726	640	2	d.	d.	PROPN
cblr-1726	640	3	at	at	ADP
cblr-1726	640	4	114	114	NUM
cblr-1726	640	5	.	.	PUNCT
cblr-1726	641	1	awrey	awrey	PROPN
cblr-1726	641	2	–	–	PUNCT
cblr-1726	641	3	final	final	ADJ
cblr-1726	641	4	no	no	NOUN
cblr-1726	641	5	.	.	PUNCT
cblr-1726	642	1	3:934	3:934	X
cblr-1726	642	2	]	]	X
cblr-1726	642	3	foreign	foreign	ADJ
cblr-1726	642	4	currency	currency	NOUN
cblr-1726	642	5	liquidity	liquidity	NOUN
cblr-1726	642	6	assistance	assistance	NOUN
cblr-1726	642	7	981	981	NUM
cblr-1726	642	8	u	u	NOUN
cblr-1726	642	9	k	k	PROPN
cblr-1726	642	10	0	0	NUM
cblr-1726	642	11	0	0	NUM
cblr-1726	642	12	0	0	NUM
cblr-1726	642	13	39,999	39,999	NUM
cblr-1726	642	14	33,080	33,080	NUM
cblr-1726	642	15	14,963	14,963	NUM
cblr-1726	642	16	2,503	2,503	NUM
cblr-1726	642	17	13	13	NUM
cblr-1726	642	18	0	0	NUM
cblr-1726	643	1	d	d	PRON
cblr-1726	643	2	enm	enm	PROPN
cblr-1726	643	3	ark	ark	PROPN
cblr-1726	643	4	0	0	NUM
cblr-1726	643	5	0	0	NUM
cblr-1726	643	6	0	0	NUM
cblr-1726	643	7	5,000	5,000	NUM
cblr-1726	643	8	15,000	15,000	NUM
cblr-1726	643	9	5,270	5,270	NUM
cblr-1726	643	10	3,930	3,930	NUM
cblr-1726	643	11	580	580	NUM
cblr-1726	643	12	0	0	NUM
cblr-1726	643	13	australia	australia	NOUN
cblr-1726	643	14	0	0	NUM
cblr-1726	643	15	0	0	SYM
cblr-1726	643	16	0	0	NUM
cblr-1726	643	17	10,000	10,000	NUM
cblr-1726	643	18	22,830	22,830	NUM
cblr-1726	643	19	9,575	9,575	NUM
cblr-1726	643	20	240	240	NUM
cblr-1726	643	21	0	0	NUM
cblr-1726	643	22	0	0	NUM
cblr-1726	643	23	sw	sw	PROPN
cblr-1726	643	24	eden	eden	PROPN
cblr-1726	643	25	0	0	NUM
cblr-1726	643	26	0	0	NUM
cblr-1726	643	27	0	0	NUM
cblr-1726	643	28	0	0	NUM
cblr-1726	643	29	25,000	25,000	NUM
cblr-1726	643	30	23,000	23,000	NUM
cblr-1726	643	31	11,500	11,500	NUM
cblr-1726	643	32	2,700	2,700	NUM
cblr-1726	643	33	0	0	NUM
cblr-1726	644	1	n	n	NUM
cblr-1726	644	2	orw	orw	VERB
cblr-1726	644	3	ay	ay	NOUN
cblr-1726	644	4	0	0	NUM
cblr-1726	644	5	0	0	NUM
cblr-1726	644	6	0	0	NUM
cblr-1726	644	7	0	0	NUM
cblr-1726	644	8	8,225	8,225	NUM
cblr-1726	644	9	7,050	7,050	NUM
cblr-1726	644	10	5,000	5,000	NUM
cblr-1726	644	11	1,000	1,000	NUM
cblr-1726	644	12	0	0	NUM
cblr-1726	645	1	n	n	NOUN
cblr-1726	645	2	.	.	PUNCT
cblr-1726	646	1	zealand	zealand	PROPN
cblr-1726	646	2	0	0	NUM
cblr-1726	646	3	0	0	NUM
cblr-1726	646	4	0	0	NUM
cblr-1726	646	5	0	0	NUM
cblr-1726	646	6	0	0	NUM
cblr-1726	646	7	0	0	NUM
cblr-1726	646	8	0	0	NUM
cblr-1726	646	9	0	0	NUM
cblr-1726	646	10	0	0	NUM
cblr-1726	647	1	k	k	PROPN
cblr-1726	647	2	orea	orea	PROPN
cblr-1726	647	3	0	0	NUM
cblr-1726	647	4	0	0	NUM
cblr-1726	647	5	0	0	NUM
cblr-1726	647	6	0	0	NUM
cblr-1726	647	7	10,350	10,350	NUM
cblr-1726	647	8	16,000	16,000	NUM
cblr-1726	647	9	10,000	10,000	NUM
cblr-1726	647	10	4,050	4,050	NUM
cblr-1726	647	11	0	0	NUM
cblr-1726	647	12	brazil	brazil	PROPN
cblr-1726	647	13	0	0	NUM
cblr-1726	647	14	0	0	NUM
cblr-1726	647	15	0	0	NUM
cblr-1726	647	16	0	0	NUM
cblr-1726	647	17	0	0	NUM
cblr-1726	647	18	0	0	NUM
cblr-1726	647	19	0	0	NUM
cblr-1726	647	20	0	0	NUM
cblr-1726	647	21	0	0	NUM
cblr-1726	647	22	m	m	VERB
cblr-1726	647	23	exico	exico	NOUN
cblr-1726	647	24	0	0	NUM
cblr-1726	647	25	0	0	NUM
cblr-1726	647	26	0	0	NUM
cblr-1726	647	27	0	0	NUM
cblr-1726	647	28	0	0	NUM
cblr-1726	647	29	0	0	NUM
cblr-1726	647	30	3,221	3,221	NUM
cblr-1726	647	31	3,221	3,221	NUM
cblr-1726	647	32	3,221	3,221	NUM
cblr-1726	647	33	singapore	singapore	NOUN
cblr-1726	647	34	0	0	NUM
cblr-1726	647	35	0	0	NUM
cblr-1726	647	36	0	0	NUM
cblr-1726	647	37	0	0	NUM
cblr-1726	647	38	0	0	NUM
cblr-1726	647	39	0	0	NUM
cblr-1726	647	40	0	0	NUM
cblr-1726	647	41	0	0	NUM
cblr-1726	647	42	0	0	NUM
cblr-1726	647	43	to	to	ADP
cblr-1726	647	44	ta	ta	ADP
cblr-1726	647	45	l	l	NOUN
cblr-1726	647	46	24,000	24,000	NUM
cblr-1726	647	47	21,000	21,000	NUM
cblr-1726	647	48	62,000	62,000	NUM
cblr-1726	647	49	288,263	288,263	NUM
cblr-1726	647	50	552,728	552,728	NUM
cblr-1726	647	51	309,918	309,918	NUM
cblr-1726	647	52	114,585	114,585	NUM
cblr-1726	647	53	56,576	56,576	NUM
cblr-1726	647	54	10,272	10,272	NUM
cblr-1726	647	55	the	the	DET
cblr-1726	647	56	decision	decision	NOUN
cblr-1726	647	57	to	to	PART
cblr-1726	647	58	establish	establish	VERB
cblr-1726	647	59	a	a	DET
cblr-1726	647	60	network	network	NOUN
cblr-1726	647	61	of	of	ADP
cblr-1726	647	62	central	central	PROPN
cblr-1726	647	63	bank	bank	PROPN
cblr-1726	647	64	swap	swap	NOUN
cblr-1726	647	65	lines	line	NOUN
cblr-1726	647	66	for	for	ADP
cblr-1726	647	67	the	the	DET
cblr-1726	647	68	purposes	purpose	NOUN
cblr-1726	647	69	of	of	ADP
cblr-1726	647	70	providing	provide	VERB
cblr-1726	647	71	u.s	u.s	PROPN
cblr-1726	647	72	.	.	PROPN
cblr-1726	647	73	dollar	dollar	NOUN
cblr-1726	647	74	liquidity	liquidity	NOUN
cblr-1726	647	75	to	to	ADP
cblr-1726	647	76	foreign	foreign	ADJ
cblr-1726	647	77	banks	bank	NOUN
cblr-1726	647	78	and	and	CCONJ
cblr-1726	647	79	other	other	ADJ
cblr-1726	647	80	financial	financial	ADJ
cblr-1726	647	81	institutions	institution	NOUN
cblr-1726	647	82	has	have	AUX
cblr-1726	647	83	been	be	AUX
cblr-1726	647	84	hailed	hail	VERB
cblr-1726	647	85	by	by	ADP
cblr-1726	647	86	awrey	awrey	PROPN
cblr-1726	647	87	–	–	PUNCT
cblr-1726	648	1	final	final	ADJ
cblr-1726	648	2	982	982	NUM
cblr-1726	648	3	columbia	columbia	PROPN
cblr-1726	648	4	business	business	NOUN
cblr-1726	648	5	law	law	PROPN
cblr-1726	648	6	review	review	NOUN
cblr-1726	648	7	[	[	X
cblr-1726	648	8	vol	vol	NOUN
cblr-1726	648	9	.	.	NOUN
cblr-1726	648	10	2017	2017	NUM
cblr-1726	648	11	many	many	ADJ
cblr-1726	648	12	observers	observer	NOUN
cblr-1726	648	13	as	as	ADP
cblr-1726	648	14	one	one	NUM
cblr-1726	648	15	of	of	ADP
cblr-1726	648	16	the	the	DET
cblr-1726	648	17	most	most	ADV
cblr-1726	648	18	important	important	ADJ
cblr-1726	648	19	and	and	CCONJ
cblr-1726	648	20	effective	effective	ADJ
cblr-1726	648	21	policy	policy	NOUN
cblr-1726	648	22	responses	response	NOUN
cblr-1726	648	23	to	to	ADP
cblr-1726	648	24	the	the	DET
cblr-1726	648	25	financial	financial	ADJ
cblr-1726	649	1	crisis.162	crisis.162	INTJ
cblr-1726	650	1	yet	yet	ADV
cblr-1726	650	2	it	it	PRON
cblr-1726	650	3	would	would	AUX
cblr-1726	650	4	be	be	AUX
cblr-1726	650	5	a	a	DET
cblr-1726	650	6	mistake	mistake	NOUN
cblr-1726	650	7	to	to	PART
cblr-1726	650	8	conclude	conclude	VERB
cblr-1726	650	9	from	from	ADP
cblr-1726	650	10	this	this	DET
cblr-1726	650	11	success	success	NOUN
cblr-1726	650	12	that	that	SCONJ
cblr-1726	650	13	this	this	DET
cblr-1726	650	14	bilateral	bilateral	ADJ
cblr-1726	650	15	swap	swap	NOUN
cblr-1726	650	16	network	network	NOUN
cblr-1726	650	17	represents	represent	VERB
cblr-1726	650	18	a	a	DET
cblr-1726	650	19	comprehensive	comprehensive	ADJ
cblr-1726	650	20	and	and	CCONJ
cblr-1726	650	21	durable	durable	ADJ
cblr-1726	650	22	solution	solution	NOUN
cblr-1726	650	23	to	to	ADP
cblr-1726	650	24	foreign	foreign	ADJ
cblr-1726	650	25	currency	currency	NOUN
cblr-1726	650	26	liquidity	liquidity	NOUN
cblr-1726	650	27	problems	problem	NOUN
cblr-1726	650	28	.	.	PUNCT
cblr-1726	651	1	as	as	SCONJ
cblr-1726	651	2	described	describe	VERB
cblr-1726	651	3	in	in	ADP
cblr-1726	651	4	the	the	DET
cblr-1726	651	5	next	next	ADJ
cblr-1726	651	6	section	section	NOUN
cblr-1726	651	7	,	,	PUNCT
cblr-1726	651	8	the	the	DET
cblr-1726	651	9	design	design	NOUN
cblr-1726	651	10	of	of	ADP
cblr-1726	651	11	these	these	DET
cblr-1726	651	12	swap	swap	NOUN
cblr-1726	651	13	lines	line	NOUN
cblr-1726	651	14	fails	fail	VERB
cblr-1726	651	15	to	to	PART
cblr-1726	651	16	counterbalance	counterbalance	VERB
cblr-1726	651	17	the	the	DET
cblr-1726	651	18	potentially	potentially	ADV
cblr-1726	651	19	significant	significant	ADJ
cblr-1726	651	20	distortions	distortion	NOUN
cblr-1726	651	21	generated	generate	VERB
cblr-1726	651	22	by	by	ADP
cblr-1726	651	23	this	this	DET
cblr-1726	651	24	ambitious	ambitious	ADJ
cblr-1726	651	25	form	form	NOUN
cblr-1726	651	26	of	of	ADP
cblr-1726	651	27	state	state	NOUN
cblr-1726	651	28	-	-	PUNCT
cblr-1726	651	29	sponsored	sponsor	VERB
cblr-1726	651	30	liquidity	liquidity	NOUN
cblr-1726	651	31	insurance	insurance	NOUN
cblr-1726	651	32	.	.	PUNCT
cblr-1726	652	1	the	the	DET
cblr-1726	652	2	swap	swap	NOUN
cblr-1726	652	3	lines	line	NOUN
cblr-1726	652	4	also	also	ADV
cblr-1726	652	5	fail	fail	VERB
cblr-1726	652	6	to	to	PART
cblr-1726	652	7	create	create	VERB
cblr-1726	652	8	truly	truly	ADV
cblr-1726	652	9	credible	credible	ADJ
cblr-1726	652	10	international	international	ADJ
cblr-1726	652	11	commitments	commitment	NOUN
cblr-1726	652	12	,	,	PUNCT
cblr-1726	652	13	exposing	expose	VERB
cblr-1726	652	14	the	the	DET
cblr-1726	652	15	jurisdictions	jurisdiction	NOUN
cblr-1726	652	16	that	that	PRON
cblr-1726	652	17	rely	rely	VERB
cblr-1726	652	18	on	on	ADP
cblr-1726	652	19	them	they	PRON
cblr-1726	652	20	to	to	ADP
cblr-1726	652	21	unpredictable	unpredictable	ADJ
cblr-1726	652	22	and	and	CCONJ
cblr-1726	652	23	self	self	NOUN
cblr-1726	652	24	-	-	PUNCT
cblr-1726	652	25	interested	interest	VERB
cblr-1726	652	26	decisions	decision	NOUN
cblr-1726	652	27	by	by	ADP
cblr-1726	652	28	foreign	foreign	ADJ
cblr-1726	652	29	policymakers	policymaker	NOUN
cblr-1726	652	30	.	.	PUNCT
cblr-1726	653	1	these	these	DET
cblr-1726	653	2	shortcomings	shortcoming	NOUN
cblr-1726	653	3	beg	beg	VERB
cblr-1726	653	4	an	an	DET
cblr-1726	653	5	important	important	ADJ
cblr-1726	653	6	question	question	NOUN
cblr-1726	653	7	:	:	PUNCT
cblr-1726	653	8	how	how	SCONJ
cblr-1726	653	9	might	might	AUX
cblr-1726	653	10	policymakers	policymaker	NOUN
cblr-1726	653	11	design	design	VERB
cblr-1726	653	12	a	a	DET
cblr-1726	653	13	more	more	ADV
cblr-1726	653	14	effective	effective	ADJ
cblr-1726	653	15	framework	framework	NOUN
cblr-1726	653	16	for	for	ADP
cblr-1726	653	17	the	the	DET
cblr-1726	653	18	provision	provision	NOUN
cblr-1726	653	19	of	of	ADP
cblr-1726	653	20	fcla	fcla	NOUN
cblr-1726	653	21	?	?	PUNCT
cblr-1726	654	1	this	this	DET
cblr-1726	654	2	question	question	NOUN
cblr-1726	654	3	has	have	AUX
cblr-1726	654	4	taken	take	VERB
cblr-1726	654	5	on	on	ADP
cblr-1726	654	6	an	an	DET
cblr-1726	654	7	added	add	VERB
cblr-1726	654	8	degree	degree	NOUN
cblr-1726	654	9	of	of	ADP
cblr-1726	654	10	urgency	urgency	NOUN
cblr-1726	654	11	in	in	ADP
cblr-1726	654	12	light	light	NOUN
cblr-1726	654	13	of	of	ADP
cblr-1726	654	14	recent	recent	ADJ
cblr-1726	654	15	market	market	NOUN
cblr-1726	654	16	developments	development	NOUN
cblr-1726	654	17	.	.	PUNCT
cblr-1726	655	1	since	since	SCONJ
cblr-1726	655	2	the	the	DET
cblr-1726	655	3	beginning	beginning	NOUN
cblr-1726	655	4	of	of	ADP
cblr-1726	655	5	2014	2014	NUM
cblr-1726	655	6	,	,	PUNCT
cblr-1726	655	7	eurodollar	eurodollar	PROPN
cblr-1726	655	8	markets	market	NOUN
cblr-1726	655	9	have	have	AUX
cblr-1726	655	10	experienced	experience	VERB
cblr-1726	655	11	a	a	DET
cblr-1726	655	12	number	number	NOUN
cblr-1726	655	13	of	of	ADP
cblr-1726	655	14	episodes	episode	NOUN
cblr-1726	655	15	broadly	broadly	ADV
cblr-1726	655	16	resembling	resemble	VERB
cblr-1726	655	17	the	the	DET
cblr-1726	655	18	u.s	u.s	PROPN
cblr-1726	655	19	.	.	PROPN
cblr-1726	655	20	dollar	dollar	NOUN
cblr-1726	655	21	liquidity	liquidity	NOUN
cblr-1726	655	22	shortage	shortage	NOUN
cblr-1726	655	23	at	at	ADP
cblr-1726	655	24	the	the	DET
cblr-1726	655	25	height	height	NOUN
cblr-1726	655	26	of	of	ADP
cblr-1726	655	27	the	the	DET
cblr-1726	655	28	financial	financial	ADJ
cblr-1726	655	29	crisis.163	crisis.163	NOUN
cblr-1726	655	30	these	these	DET
cblr-1726	655	31	episodes	episode	NOUN
cblr-1726	655	32	have	have	AUX
cblr-1726	655	33	occurred	occur	VERB
cblr-1726	655	34	in	in	ADP
cblr-1726	655	35	the	the	DET
cblr-1726	655	36	context	context	NOUN
cblr-1726	655	37	of	of	ADP
cblr-1726	655	38	a	a	DET
cblr-1726	655	39	more	more	ADV
cblr-1726	655	40	general	general	ADJ
cblr-1726	655	41	trend	trend	NOUN
cblr-1726	655	42	in	in	ADP
cblr-1726	655	43	terms	term	NOUN
cblr-1726	655	44	of	of	ADP
cblr-1726	655	45	the	the	DET
cblr-1726	655	46	deterioration	deterioration	NOUN
cblr-1726	655	47	of	of	ADP
cblr-1726	655	48	conditions	condition	NOUN
cblr-1726	655	49	within	within	ADP
cblr-1726	655	50	u.s	u.s	PROPN
cblr-1726	655	51	.	.	PROPN
cblr-1726	655	52	dollar	dollar	NOUN
cblr-1726	655	53	wholesale	wholesale	ADJ
cblr-1726	655	54	funding	funding	NOUN
cblr-1726	655	55	markets	market	NOUN
cblr-1726	655	56	.	.	PUNCT
cblr-1726	656	1	figure	figure	VERB
cblr-1726	656	2	4	4	NUM
cblr-1726	656	3	shows	show	VERB
cblr-1726	656	4	the	the	DET
cblr-1726	656	5	cross	cross	ADJ
cblr-1726	656	6	-	-	ADJ
cblr-1726	656	7	currency	currency	ADJ
cblr-1726	656	8	basis	basis	NOUN
cblr-1726	656	9	swap	swap	NOUN
cblr-1726	656	10	spreads	spread	VERB
cblr-1726	656	11	over	over	ADP
cblr-1726	656	12	3	3	NUM
cblr-1726	656	13	-	-	PUNCT
cblr-1726	656	14	month	month	NOUN
cblr-1726	656	15	libor	libor	NOUN
cblr-1726	656	16	between	between	ADP
cblr-1726	656	17	the	the	DET
cblr-1726	656	18	u.s	u.s	PROPN
cblr-1726	656	19	.	.	PROPN
cblr-1726	656	20	dollar	dollar	NOUN
cblr-1726	656	21	and	and	CCONJ
cblr-1726	656	22	each	each	PRON
cblr-1726	656	23	of	of	ADP
cblr-1726	656	24	the	the	DET
cblr-1726	656	25	euro	euro	NOUN
cblr-1726	656	26	,	,	PUNCT
cblr-1726	656	27	pound	pound	NOUN
cblr-1726	656	28	sterling	sterling	NOUN
cblr-1726	656	29	,	,	PUNCT
cblr-1726	656	30	and	and	CCONJ
cblr-1726	656	31	japanese	japanese	ADJ
cblr-1726	656	32	yen	yen	NOUN
cblr-1726	656	33	from	from	ADP
cblr-1726	656	34	2005	2005	NUM
cblr-1726	656	35	to	to	ADP
cblr-1726	656	36	2016	2016	NUM
cblr-1726	656	37	.	.	PUNCT
cblr-1726	657	1	these	these	DET
cblr-1726	657	2	spreads	spread	NOUN
cblr-1726	657	3	,	,	PUNCT
cblr-1726	657	4	which	which	PRON
cblr-1726	657	5	reflect	reflect	VERB
cblr-1726	657	6	the	the	DET
cblr-1726	657	7	cost	cost	NOUN
cblr-1726	657	8	of	of	ADP
cblr-1726	657	9	borrowing	borrow	VERB
cblr-1726	657	10	u.s	u.s	PROPN
cblr-1726	657	11	.	.	PROPN
cblr-1726	657	12	dollars	dollar	NOUN
cblr-1726	657	13	using	use	VERB
cblr-1726	657	14	f	f	PROPN
cblr-1726	657	15	/	/	SYM
cblr-1726	657	16	x	x	SYM
cblr-1726	657	17	swaps	swap	NOUN
cblr-1726	657	18	,	,	PUNCT
cblr-1726	657	19	are	be	AUX
cblr-1726	657	20	a	a	DET
cblr-1726	657	21	useful	useful	ADJ
cblr-1726	657	22	barometer	barometer	NOUN
cblr-1726	657	23	for	for	ADP
cblr-1726	657	24	potential	potential	ADJ
cblr-1726	657	25	liquidity	liquidity	NOUN
cblr-1726	657	26	problems	problem	NOUN
cblr-1726	657	27	within	within	ADP
cblr-1726	657	28	wholesale	wholesale	ADJ
cblr-1726	657	29	funding	funding	NOUN
cblr-1726	657	30	markets.164	markets.164	NOUN
cblr-1726	657	31	162	162	NUM
cblr-1726	657	32	see	see	VERB
cblr-1726	657	33	allen	allen	PROPN
cblr-1726	657	34	,	,	PUNCT
cblr-1726	657	35	supra	supra	PROPN
cblr-1726	657	36	note	note	NOUN
cblr-1726	657	37	123	123	NUM
cblr-1726	657	38	,	,	PUNCT
cblr-1726	657	39	at	at	ADP
cblr-1726	657	40	117	117	NUM
cblr-1726	657	41	;	;	PUNCT
cblr-1726	657	42	fleming	fleming	NOUN
cblr-1726	657	43	&	&	CCONJ
cblr-1726	657	44	klagge	klagge	PROPN
cblr-1726	657	45	,	,	PUNCT
cblr-1726	657	46	supra	supra	PROPN
cblr-1726	657	47	note	note	PROPN
cblr-1726	657	48	145	145	NUM
cblr-1726	657	49	,	,	PUNCT
cblr-1726	657	50	at	at	ADP
cblr-1726	657	51	7	7	NUM
cblr-1726	657	52	.	.	SYM
cblr-1726	657	53	163	163	NUM
cblr-1726	657	54	see	see	VERB
cblr-1726	657	55	izabella	izabella	PROPN
cblr-1726	657	56	kaminska	kaminska	PROPN
cblr-1726	657	57	,	,	PUNCT
cblr-1726	657	58	all	all	ADV
cblr-1726	657	59	about	about	ADP
cblr-1726	657	60	the	the	DET
cblr-1726	657	61	eurodollars	eurodollar	NOUN
cblr-1726	657	62	,	,	PUNCT
cblr-1726	657	63	redux	redux	NOUN
cblr-1726	657	64	,	,	PUNCT
cblr-1726	657	65	fin	fin	PROPN
cblr-1726	657	66	.	.	PUNCT
cblr-1726	658	1	times	time	NOUN
cblr-1726	658	2	:	:	PUNCT
cblr-1726	659	1	alphaville	alphaville	PROPN
cblr-1726	659	2	(	(	PUNCT
cblr-1726	659	3	sept	sept	PROPN
cblr-1726	659	4	.	.	PROPN
cblr-1726	659	5	24	24	NUM
cblr-1726	659	6	,	,	PUNCT
cblr-1726	659	7	2015	2015	NUM
cblr-1726	659	8	,	,	PUNCT
cblr-1726	659	9	3:18	3:18	NUM
cblr-1726	659	10	am	am	NOUN
cblr-1726	659	11	)	)	PUNCT
cblr-1726	659	12	,	,	PUNCT
cblr-1726	659	13	https://ftalphaville.ft.com/2015/09/24/2140580/all-about-the-eurodollars-redux/.	https://ftalphaville.ft.com/2015/09/24/2140580/all-about-the-eurodollars-redux/.	PROPN
cblr-1726	659	14	see	see	VERB
cblr-1726	659	15	also	also	ADV
cblr-1726	659	16	izabella	izabella	PROPN
cblr-1726	659	17	kaminska	kaminska	PROPN
cblr-1726	659	18	,	,	PUNCT
cblr-1726	659	19	petrodollars	petrodollar	VERB
cblr-1726	659	20	are	be	AUX
cblr-1726	659	21	eurodollars	eurodollar	NOUN
cblr-1726	659	22	,	,	PUNCT
cblr-1726	659	23	and	and	CCONJ
cblr-1726	659	24	eurodollar	eurodollar	PROPN
cblr-1726	659	25	base	base	NOUN
cblr-1726	659	26	money	money	NOUN
cblr-1726	659	27	is	be	AUX
cblr-1726	659	28	shrinking	shrink	VERB
cblr-1726	659	29	,	,	PUNCT
cblr-1726	659	30	fin	fin	NOUN
cblr-1726	659	31	.	.	PUNCT
cblr-1726	660	1	times	time	NOUN
cblr-1726	660	2	:	:	PUNCT
cblr-1726	661	1	alphaville	alphaville	PROPN
cblr-1726	661	2	(	(	PUNCT
cblr-1726	661	3	jan	jan	PROPN
cblr-1726	661	4	.	.	PROPN
cblr-1726	661	5	25	25	NUM
cblr-1726	661	6	,	,	PUNCT
cblr-1726	661	7	2016	2016	NUM
cblr-1726	661	8	,	,	PUNCT
cblr-1726	661	9	7:09	7:09	NUM
cblr-1726	661	10	am	am	NOUN
cblr-1726	661	11	)	)	PUNCT
cblr-1726	661	12	,	,	PUNCT
cblr-1726	661	13	https://ftalphaville.ft.com/2016/01/25/2151037/petrodollars-are-eurodollars-and-eurodollar-base-money-is-shrinking/.	https://ftalphaville.ft.com/2016/01/25/2151037/petrodollars-are-eurodollars-and-eurodollar-base-money-is-shrinking/.	NOUN
cblr-1726	661	14	164	164	NUM
cblr-1726	661	15	see	see	VERB
cblr-1726	661	16	michael	michael	PROPN
cblr-1726	661	17	chang	chang	PROPN
cblr-1726	661	18	&	&	CCONJ
cblr-1726	661	19	carl	carl	PROPN
cblr-1726	661	20	lantz	lantz	PROPN
cblr-1726	661	21	,	,	PUNCT
cblr-1726	661	22	credit	credit	NOUN
cblr-1726	661	23	suisse	suisse	NOUN
cblr-1726	661	24	basis	basis	NOUN
cblr-1726	661	25	points	point	NOUN
cblr-1726	661	26	:	:	PUNCT
cblr-1726	661	27	crosscurrency	crosscurrency	NOUN
cblr-1726	661	28	basis	basis	NOUN
cblr-1726	661	29	swaps	swap	NOUN
cblr-1726	661	30	,	,	PUNCT
cblr-1726	661	31	credit	credit	NOUN
cblr-1726	661	32	suisse	suisse	NOUN
cblr-1726	661	33	(	(	PUNCT
cblr-1726	661	34	apr	apr	PROPN
cblr-1726	661	35	.	.	PROPN
cblr-1726	661	36	19	19	NUM
cblr-1726	661	37	,	,	PUNCT
cblr-1726	661	38	2013	2013	NUM
cblr-1726	661	39	)	)	PUNCT
cblr-1726	661	40	,	,	PUNCT
cblr-1726	661	41	https://creditsuisse.com/researchandanalytics	https://creditsuisse.com/researchandanalytics	X
cblr-1726	662	1	[	[	X
cblr-1726	662	2	perma.cc/p2fv-etpk	perma.cc/p2fv-etpk	X
cblr-1726	662	3	]	]	PUNCT
cblr-1726	662	4	.	.	PUNCT
cblr-1726	663	1	awrey	awrey	PROPN
cblr-1726	663	2	–	–	PUNCT
cblr-1726	663	3	final	final	ADJ
cblr-1726	663	4	no	no	NOUN
cblr-1726	663	5	.	.	PUNCT
cblr-1726	664	1	3:934	3:934	X
cblr-1726	664	2	]	]	X
cblr-1726	664	3	foreign	foreign	ADJ
cblr-1726	664	4	currency	currency	NOUN
cblr-1726	664	5	liquidity	liquidity	NOUN
cblr-1726	664	6	assistance	assistance	NOUN
cblr-1726	664	7	983	983	NUM
cblr-1726	664	8	figure	figure	NOUN
cblr-1726	664	9	4	4	NUM
cblr-1726	664	10	:	:	PUNCT
cblr-1726	664	11	cross	cross	ADJ
cblr-1726	664	12	-	-	ADJ
cblr-1726	664	13	currency	currency	ADJ
cblr-1726	664	14	basis	basis	NOUN
cblr-1726	664	15	swap	swap	NOUN
cblr-1726	664	16	spreads165	spreads165	PROPN
cblr-1726	664	17	as	as	SCONJ
cblr-1726	664	18	figure	figure	NOUN
cblr-1726	664	19	4	4	NUM
cblr-1726	664	20	clearly	clearly	ADV
cblr-1726	664	21	illustrates	illustrate	VERB
cblr-1726	664	22	,	,	PUNCT
cblr-1726	664	23	basis	basis	NOUN
cblr-1726	664	24	swap	swap	NOUN
cblr-1726	664	25	spreads	spread	NOUN
cblr-1726	664	26	between	between	ADP
cblr-1726	664	27	the	the	DET
cblr-1726	664	28	u.s	u.s	PROPN
cblr-1726	664	29	.	.	PROPN
cblr-1726	664	30	dollar	dollar	NOUN
cblr-1726	664	31	and	and	CCONJ
cblr-1726	664	32	other	other	ADJ
cblr-1726	664	33	major	major	ADJ
cblr-1726	664	34	currencies	currency	NOUN
cblr-1726	664	35	have	have	AUX
cblr-1726	664	36	recently	recently	ADV
cblr-1726	664	37	widened	widen	VERB
cblr-1726	664	38	to	to	ADP
cblr-1726	664	39	levels	level	NOUN
cblr-1726	664	40	last	last	ADV
cblr-1726	664	41	observed	observe	VERB
cblr-1726	664	42	during	during	ADP
cblr-1726	664	43	the	the	DET
cblr-1726	664	44	global	global	ADJ
cblr-1726	664	45	financial	financial	ADJ
cblr-1726	664	46	crisis	crisis	NOUN
cblr-1726	664	47	and	and	CCONJ
cblr-1726	664	48	subsequent	subsequent	ADJ
cblr-1726	664	49	european	european	ADJ
cblr-1726	664	50	sovereign	sovereign	ADJ
cblr-1726	664	51	debt	debt	NOUN
cblr-1726	664	52	crisis.166	crisis.166	VERB
cblr-1726	664	53	the	the	DET
cblr-1726	664	54	growing	grow	VERB
cblr-1726	664	55	stress	stress	NOUN
cblr-1726	664	56	within	within	ADP
cblr-1726	664	57	these	these	DET
cblr-1726	664	58	markets	market	NOUN
cblr-1726	664	59	has	have	AUX
cblr-1726	664	60	been	be	AUX
cblr-1726	664	61	attributed	attribute	VERB
cblr-1726	664	62	to	to	ADP
cblr-1726	664	63	several	several	ADJ
cblr-1726	664	64	factors	factor	NOUN
cblr-1726	664	65	,	,	PUNCT
cblr-1726	664	66	including	include	VERB
cblr-1726	664	67	:	:	PUNCT
cblr-1726	664	68	the	the	DET
cblr-1726	664	69	sustained	sustained	ADJ
cblr-1726	664	70	increase	increase	NOUN
cblr-1726	664	71	in	in	ADP
cblr-1726	664	72	the	the	DET
cblr-1726	664	73	price	price	NOUN
cblr-1726	664	74	of	of	ADP
cblr-1726	664	75	the	the	DET
cblr-1726	664	76	u.s	u.s	PROPN
cblr-1726	664	77	.	.	PROPN
cblr-1726	664	78	dollar	dollar	NOUN
cblr-1726	664	79	relative	relative	ADJ
cblr-1726	664	80	to	to	ADP
cblr-1726	664	81	the	the	DET
cblr-1726	664	82	euro	euro	NOUN
cblr-1726	664	83	,	,	PUNCT
cblr-1726	664	84	pound	pound	NOUN
cblr-1726	664	85	sterling	sterling	NOUN
cblr-1726	664	86	,	,	PUNCT
cblr-1726	664	87	and	and	CCONJ
cblr-1726	664	88	other	other	ADJ
cblr-1726	664	89	major	major	ADJ
cblr-1726	664	90	currencies	currency	NOUN
cblr-1726	664	91	over	over	ADP
cblr-1726	664	92	this	this	DET
cblr-1726	664	93	period167	period167	PROPN
cblr-1726	664	94	;	;	PUNCT
cblr-1726	664	95	the	the	DET
cblr-1726	664	96	ecb	ecb	NOUN
cblr-1726	664	97	’s	’s	PART
cblr-1726	664	98	negative	negative	ADJ
cblr-1726	664	99	interest	interest	NOUN
cblr-1726	664	100	165	165	NUM
cblr-1726	664	101	thomson	thomson	NOUN
cblr-1726	664	102	reuters	reuters	PROPN
cblr-1726	664	103	(	(	PUNCT
cblr-1726	664	104	2016	2016	NUM
cblr-1726	664	105	)	)	PUNCT
cblr-1726	664	106	.	.	PUNCT
cblr-1726	665	1	166	166	NUM
cblr-1726	665	2	although	although	ADV
cblr-1726	665	3	,	,	PUNCT
cblr-1726	665	4	the	the	DET
cblr-1726	665	5	more	more	ADV
cblr-1726	665	6	gradual	gradual	ADJ
cblr-1726	665	7	deterioration	deterioration	NOUN
cblr-1726	665	8	of	of	ADP
cblr-1726	665	9	market	market	NOUN
cblr-1726	665	10	conditions	condition	NOUN
cblr-1726	665	11	from	from	ADP
cblr-1726	665	12	2014	2014	NUM
cblr-1726	665	13	onward	onward	NOUN
cblr-1726	665	14	will	will	AUX
cblr-1726	665	15	have	have	AUX
cblr-1726	665	16	undoubtedly	undoubtedly	ADV
cblr-1726	665	17	provided	provide	VERB
cblr-1726	665	18	market	market	NOUN
cblr-1726	665	19	participants	participant	NOUN
cblr-1726	665	20	with	with	ADP
cblr-1726	665	21	the	the	DET
cblr-1726	665	22	opportunity	opportunity	NOUN
cblr-1726	665	23	to	to	PART
cblr-1726	665	24	more	more	ADV
cblr-1726	665	25	proactively	proactively	ADV
cblr-1726	665	26	address	address	VERB
cblr-1726	665	27	the	the	DET
cblr-1726	665	28	resulting	result	VERB
cblr-1726	665	29	funding	funding	NOUN
cblr-1726	665	30	pressures	pressure	NOUN
cblr-1726	665	31	by	by	ADP
cblr-1726	665	32	,	,	PUNCT
cblr-1726	665	33	for	for	ADP
cblr-1726	665	34	example	example	NOUN
cblr-1726	665	35	,	,	PUNCT
cblr-1726	665	36	reducing	reduce	VERB
cblr-1726	665	37	any	any	DET
cblr-1726	665	38	f	f	PROPN
cblr-1726	665	39	/	/	SYM
cblr-1726	665	40	x	x	NOUN
cblr-1726	665	41	imbalances	imbalance	NOUN
cblr-1726	665	42	on	on	ADP
cblr-1726	665	43	their	their	PRON
cblr-1726	665	44	balance	balance	NOUN
cblr-1726	665	45	sheets	sheet	NOUN
cblr-1726	665	46	.	.	PUNCT
cblr-1726	666	1	167	167	NUM
cblr-1726	666	2	see	see	VERB
cblr-1726	666	3	hyun	hyun	PROPN
cblr-1726	666	4	song	song	PROPN
cblr-1726	666	5	shin	shin	PROPN
cblr-1726	666	6	,	,	PUNCT
cblr-1726	666	7	econ	econ	PROPN
cblr-1726	666	8	.	.	PUNCT
cblr-1726	667	1	advisor	advisor	PROPN
cblr-1726	667	2	&	&	CCONJ
cblr-1726	667	3	head	head	PROPN
cblr-1726	667	4	of	of	ADP
cblr-1726	667	5	research	research	NOUN
cblr-1726	667	6	,	,	PUNCT
cblr-1726	667	7	bank	bank	NOUN
cblr-1726	667	8	of	of	ADP
cblr-1726	667	9	int’l	int’l	NUM
cblr-1726	667	10	settlements	settlement	NOUN
cblr-1726	667	11	,	,	PUNCT
cblr-1726	667	12	speech	speech	NOUN
cblr-1726	667	13	presented	present	VERB
cblr-1726	667	14	at	at	ADP
cblr-1726	667	15	the	the	DET
cblr-1726	667	16	world	world	PROPN
cblr-1726	667	17	bank	bank	PROPN
cblr-1726	667	18	conference	conference	NOUN
cblr-1726	667	19	,	,	PUNCT
cblr-1726	667	20	the	the	DET
cblr-1726	667	21	state	state	NOUN
cblr-1726	667	22	of	of	ADP
cblr-1726	667	23	economics	economic	NOUN
cblr-1726	667	24	,	,	PUNCT
cblr-1726	667	25	the	the	DET
cblr-1726	667	26	state	state	NOUN
cblr-1726	667	27	of	of	ADP
cblr-1726	667	28	the	the	DET
cblr-1726	667	29	world	world	NOUN
cblr-1726	667	30	,	,	PUNCT
cblr-1726	667	31	washington	washington	PROPN
cblr-1726	667	32	,	,	PUNCT
cblr-1726	667	33	dc	dc	PROPN
cblr-1726	667	34	:	:	PUNCT
cblr-1726	667	35	global	global	ADJ
cblr-1726	667	36	liquidity	liquidity	NOUN
cblr-1726	667	37	and	and	CCONJ
cblr-1726	667	38	procyclicality	procyclicality	NOUN
cblr-1726	667	39	,	,	PUNCT
cblr-1726	667	40	2–5	2–5	PROPN
cblr-1726	667	41	(	(	PUNCT
cblr-1726	667	42	june	june	PROPN
cblr-1726	667	43	8	8	NUM
cblr-1726	667	44	,	,	PUNCT
cblr-1726	667	45	2016	2016	NUM
cblr-1726	667	46	)	)	PUNCT
cblr-1726	667	47	,	,	PUNCT
cblr-1726	668	1	http://www.bis.org/speeches/sp160608.htm	http://www.bis.org/speeches/sp160608.htm	PROPN
cblr-1726	669	1	[	[	X
cblr-1726	669	2	perma.cc/q376-hfxb	perma.cc/q376-hfxb	PROPN
cblr-1726	669	3	]	]	PUNCT
cblr-1726	669	4	.	.	PUNCT
cblr-1726	670	1	see	see	VERB
cblr-1726	670	2	also	also	ADV
cblr-1726	670	3	izabella	izabella	PROPN
cblr-1726	670	4	kaminska	kaminska	PROPN
cblr-1726	670	5	,	,	PUNCT
cblr-1726	670	6	textbook	textbook	NOUN
cblr-1726	670	7	defying	defy	VERB
cblr-1726	670	8	global	global	ADJ
cblr-1726	670	9	dollar	dollar	NOUN
cblr-1726	670	10	shortages	shortage	NOUN
cblr-1726	670	11	,	,	PUNCT
cblr-1726	670	12	fin	fin	NOUN
cblr-1726	670	13	.	.	PUNCT
cblr-1726	671	1	times	time	NOUN
cblr-1726	671	2	:	:	PUNCT
cblr-1726	672	1	alphaville	alphaville	PROPN
cblr-1726	672	2	(	(	PUNCT
cblr-1726	672	3	june	june	PROPN
cblr-1726	672	4	9	9	NUM
cblr-1726	672	5	,	,	PUNCT
cblr-1726	672	6	2016	2016	NUM
cblr-1726	672	7	,	,	PUNCT
cblr-1726	672	8	7:45	7:45	NUM
cblr-1726	672	9	am	am	NOUN
cblr-1726	672	10	)	)	PUNCT
cblr-1726	672	11	,	,	PUNCT
cblr-1726	672	12	https://ftalphaville.ft.com/2016/06/09/2165690/textbook-defying-global-dollar-shortages/.	https://ftalphaville.ft.com/2016/06/09/2165690/textbook-defying-global-dollar-shortages/.	PROPN
cblr-1726	672	13	awrey	awrey	NOUN
cblr-1726	672	14	–	–	PUNCT
cblr-1726	672	15	final	final	ADJ
cblr-1726	672	16	984	984	NUM
cblr-1726	672	17	columbia	columbia	PROPN
cblr-1726	672	18	business	business	NOUN
cblr-1726	672	19	law	law	PROPN
cblr-1726	672	20	review	review	NOUN
cblr-1726	672	21	[	[	X
cblr-1726	672	22	vol	vol	NOUN
cblr-1726	672	23	.	.	NOUN
cblr-1726	672	24	2017	2017	NUM
cblr-1726	672	25	rate	rate	NOUN
cblr-1726	672	26	policy168	policy168	NOUN
cblr-1726	672	27	;	;	PUNCT
cblr-1726	672	28	the	the	DET
cblr-1726	672	29	introduction	introduction	NOUN
cblr-1726	672	30	of	of	ADP
cblr-1726	672	31	comprehensive	comprehensive	ADJ
cblr-1726	672	32	reforms	reform	NOUN
cblr-1726	672	33	targeting	target	VERB
cblr-1726	672	34	u.s	u.s	PROPN
cblr-1726	672	35	.	.	PROPN
cblr-1726	672	36	money	money	NOUN
cblr-1726	672	37	market	market	NOUN
cblr-1726	672	38	funds163	funds163	PROPN
cblr-1726	672	39	;	;	PUNCT
cblr-1726	672	40	and	and	CCONJ
cblr-1726	672	41	programs	program	NOUN
cblr-1726	672	42	such	such	ADJ
cblr-1726	672	43	as	as	ADP
cblr-1726	672	44	the	the	DET
cblr-1726	672	45	federal	federal	PROPN
cblr-1726	672	46	reserve	reserve	PROPN
cblr-1726	672	47	’s	’s	PART
cblr-1726	672	48	new	new	ADJ
cblr-1726	672	49	term	term	NOUN
cblr-1726	672	50	deposit	deposit	NOUN
cblr-1726	672	51	facility	facility	NOUN
cblr-1726	672	52	that	that	PRON
cblr-1726	672	53	have	have	AUX
cblr-1726	672	54	had	have	VERB
cblr-1726	672	55	the	the	DET
cblr-1726	672	56	effect	effect	NOUN
cblr-1726	672	57	of	of	ADP
cblr-1726	672	58	incentivizing	incentivize	VERB
cblr-1726	672	59	u.s	u.s	PROPN
cblr-1726	672	60	.	.	PROPN
cblr-1726	672	61	banks	bank	NOUN
cblr-1726	672	62	to	to	PART
cblr-1726	672	63	repatriate	repatriate	VERB
cblr-1726	672	64	short	short	ADJ
cblr-1726	672	65	-	-	PUNCT
cblr-1726	672	66	term	term	NOUN
cblr-1726	672	67	dollar	dollar	NOUN
cblr-1726	672	68	liquidity	liquidity	NOUN
cblr-1726	672	69	from	from	ADP
cblr-1726	672	70	abroad.169	abroad.169	ADJ
cblr-1726	672	71	looking	look	VERB
cblr-1726	672	72	forward	forward	ADV
cblr-1726	672	73	,	,	PUNCT
cblr-1726	672	74	this	this	DET
cblr-1726	672	75	stress	stress	NOUN
cblr-1726	672	76	is	be	AUX
cblr-1726	672	77	likely	likely	ADJ
cblr-1726	672	78	to	to	PART
cblr-1726	672	79	intensify	intensify	VERB
cblr-1726	672	80	as	as	SCONJ
cblr-1726	672	81	the	the	DET
cblr-1726	672	82	fed	fed	PROPN
cblr-1726	672	83	raises	raise	VERB
cblr-1726	672	84	interest	interest	NOUN
cblr-1726	672	85	rates	rate	NOUN
cblr-1726	672	86	from	from	ADP
cblr-1726	672	87	their	their	PRON
cblr-1726	672	88	current	current	ADJ
cblr-1726	672	89	historic	historic	ADJ
cblr-1726	672	90	lows	low	NOUN
cblr-1726	672	91	and	and	CCONJ
cblr-1726	672	92	ramps	ramp	VERB
cblr-1726	672	93	up	up	ADP
cblr-1726	672	94	policies	policy	NOUN
cblr-1726	672	95	such	such	ADJ
cblr-1726	672	96	as	as	ADP
cblr-1726	672	97	reverse	reverse	NOUN
cblr-1726	672	98	repo	repo	ADP
cblr-1726	672	99	facilities	facility	NOUN
cblr-1726	672	100	designed	design	VERB
cblr-1726	672	101	to	to	PART
cblr-1726	672	102	unwind	unwind	VERB
cblr-1726	672	103	quantitative	quantitative	ADJ
cblr-1726	672	104	easing	easing	NOUN
cblr-1726	672	105	and	and	CCONJ
cblr-1726	672	106	thus	thus	ADV
cblr-1726	672	107	absorb	absorb	VERB
cblr-1726	672	108	dollar	dollar	NOUN
cblr-1726	672	109	liquidity	liquidity	NOUN
cblr-1726	672	110	from	from	ADP
cblr-1726	672	111	the	the	DET
cblr-1726	672	112	international	international	ADJ
cblr-1726	672	113	financial	financial	ADJ
cblr-1726	672	114	system.170	system.170	NOUN
cblr-1726	672	115	the	the	DET
cblr-1726	672	116	resulting	result	VERB
cblr-1726	672	117	withdrawal	withdrawal	NOUN
cblr-1726	672	118	of	of	ADP
cblr-1726	672	119	short	short	ADJ
cblr-1726	672	120	-	-	PUNCT
cblr-1726	672	121	term	term	NOUN
cblr-1726	672	122	u.s	u.s	PROPN
cblr-1726	672	123	.	.	PROPN
cblr-1726	672	124	dollar	dollar	NOUN
cblr-1726	672	125	liquidity	liquidity	NOUN
cblr-1726	672	126	will	will	AUX
cblr-1726	672	127	inevitably	inevitably	ADV
cblr-1726	672	128	put	put	VERB
cblr-1726	672	129	pressure	pressure	NOUN
cblr-1726	672	130	on	on	ADP
cblr-1726	672	131	foreign	foreign	ADJ
cblr-1726	672	132	banks	bank	NOUN
cblr-1726	672	133	,	,	PUNCT
cblr-1726	672	134	other	other	ADJ
cblr-1726	672	135	financial	financial	ADJ
cblr-1726	672	136	institutions	institution	NOUN
cblr-1726	672	137	,	,	PUNCT
cblr-1726	672	138	and	and	CCONJ
cblr-1726	672	139	commercial	commercial	ADJ
cblr-1726	672	140	firms	firm	NOUN
cblr-1726	672	141	that	that	PRON
cblr-1726	672	142	rely	rely	VERB
cblr-1726	672	143	on	on	ADP
cblr-1726	672	144	eurodollar	eurodollar	PROPN
cblr-1726	672	145	markets.171	markets.171	PROPN
cblr-1726	672	146	the	the	DET
cblr-1726	672	147	existing	exist	VERB
cblr-1726	672	148	central	central	ADJ
cblr-1726	672	149	bank	bank	NOUN
cblr-1726	672	150	swap	swap	NOUN
cblr-1726	672	151	lines	line	NOUN
cblr-1726	672	152	do	do	VERB
cblr-1726	672	153	little	little	ADJ
cblr-1726	672	154	to	to	PART
cblr-1726	672	155	constrain	constrain	VERB
cblr-1726	672	156	the	the	DET
cblr-1726	672	157	build	build	NOUN
cblr-1726	672	158	-	-	PUNCT
cblr-1726	672	159	up	up	NOUN
cblr-1726	672	160	of	of	ADP
cblr-1726	672	161	these	these	DET
cblr-1726	672	162	foreign	foreign	ADJ
cblr-1726	672	163	currency	currency	NOUN
cblr-1726	672	164	funding	funding	NOUN
cblr-1726	672	165	pressures	pressure	NOUN
cblr-1726	672	166	.	.	PUNCT
cblr-1726	673	1	there	there	PRON
cblr-1726	673	2	is	be	VERB
cblr-1726	673	3	also	also	ADV
cblr-1726	673	4	no	no	DET
cblr-1726	673	5	guarantee	guarantee	NOUN
cblr-1726	673	6	,	,	PUNCT
cblr-1726	673	7	especially	especially	ADV
cblr-1726	673	8	in	in	ADP
cblr-1726	673	9	light	light	NOUN
cblr-1726	673	10	of	of	ADP
cblr-1726	673	11	the	the	DET
cblr-1726	673	12	shifting	shift	VERB
cblr-1726	673	13	political	political	ADJ
cblr-1726	673	14	winds	wind	NOUN
cblr-1726	673	15	in	in	ADP
cblr-1726	673	16	the	the	DET
cblr-1726	673	17	united	united	PROPN
cblr-1726	673	18	states	states	PROPN
cblr-1726	673	19	,	,	PUNCT
cblr-1726	673	20	that	that	SCONJ
cblr-1726	673	21	the	the	DET
cblr-1726	673	22	federal	federal	PROPN
cblr-1726	673	23	reserve	reserve	PROPN
cblr-1726	673	24	will	will	AUX
cblr-1726	673	25	intervene	intervene	VERB
cblr-1726	673	26	to	to	PART
cblr-1726	673	27	support	support	VERB
cblr-1726	673	28	global	global	ADJ
cblr-1726	673	29	u.s	u.s	PROPN
cblr-1726	673	30	.	.	PROPN
cblr-1726	673	31	dollar	dollar	NOUN
cblr-1726	673	32	funding	funding	NOUN
cblr-1726	673	33	markets	market	NOUN
cblr-1726	673	34	during	during	ADP
cblr-1726	673	35	the	the	DET
cblr-1726	673	36	next	next	ADJ
cblr-1726	673	37	financial	financial	ADJ
cblr-1726	673	38	crisis	crisis	NOUN
cblr-1726	673	39	—	—	PUNCT
cblr-1726	673	40	or	or	CCONJ
cblr-1726	673	41	that	that	SCONJ
cblr-1726	673	42	it	it	PRON
cblr-1726	673	43	will	will	AUX
cblr-1726	673	44	take	take	VERB
cblr-1726	673	45	into	into	ADP
cblr-1726	673	46	account	account	NOUN
cblr-1726	673	47	the	the	DET
cblr-1726	673	48	global	global	ADJ
cblr-1726	673	49	repercussions	repercussion	NOUN
cblr-1726	673	50	of	of	ADP
cblr-1726	673	51	its	its	PRON
cblr-1726	673	52	own	own	ADJ
cblr-1726	673	53	policy	policy	NOUN
cblr-1726	673	54	decisions	decision	NOUN
cblr-1726	673	55	in	in	ADP
cblr-1726	673	56	potentially	potentially	ADV
cblr-1726	673	57	triggering	trigger	VERB
cblr-1726	673	58	this	this	DET
cblr-1726	673	59	crisis	crisis	NOUN
cblr-1726	673	60	.	.	PUNCT
cblr-1726	674	1	president	president	PROPN
cblr-1726	674	2	trump	trump	VERB
cblr-1726	674	3	’s	’s	PART
cblr-1726	674	4	vision	vision	NOUN
cblr-1726	674	5	for	for	ADP
cblr-1726	674	6	‘	'	PUNCT
cblr-1726	674	7	making	make	VERB
cblr-1726	674	8	america	america	PROPN
cblr-1726	674	9	great	great	ADJ
cblr-1726	674	10	again	again	ADV
cblr-1726	674	11	’	'	PUNCT
cblr-1726	674	12	may	may	AUX
cblr-1726	674	13	not	not	PART
cblr-1726	674	14	include	include	VERB
cblr-1726	674	15	the	the	DET
cblr-1726	674	16	provision	provision	NOUN
cblr-1726	674	17	of	of	ADP
cblr-1726	674	18	fcla	fcla	NOUN
cblr-1726	674	19	to	to	ADP
cblr-1726	674	20	foreign	foreign	ADJ
cblr-1726	674	21	banks	bank	NOUN
cblr-1726	674	22	and	and	CCONJ
cblr-1726	674	23	other	other	ADJ
cblr-1726	674	24	financial	financial	ADJ
cblr-1726	674	25	institutions	institution	NOUN
cblr-1726	674	26	.	.	PUNCT
cblr-1726	675	1	these	these	DET
cblr-1726	675	2	developments	development	NOUN
cblr-1726	675	3	suggest	suggest	VERB
cblr-1726	675	4	that	that	SCONJ
cblr-1726	675	5	the	the	DET
cblr-1726	675	6	foreign	foreign	ADJ
cblr-1726	675	7	currency	currency	NOUN
cblr-1726	675	8	liquidity	liquidity	NOUN
cblr-1726	675	9	crisis	crisis	NOUN
cblr-1726	675	10	of	of	ADP
cblr-1726	675	11	2007–2009	2007–2009	NUM
cblr-1726	675	12	may	may	AUX
cblr-1726	675	13	provide	provide	VERB
cblr-1726	675	14	us	we	PRON
cblr-1726	675	15	with	with	ADP
cblr-1726	675	16	a	a	DET
cblr-1726	675	17	window	window	NOUN
cblr-1726	675	18	into	into	ADP
cblr-1726	675	19	the	the	DET
cblr-1726	675	20	catalysts	catalyst	NOUN
cblr-1726	675	21	of	of	ADP
cblr-1726	675	22	future	future	ADJ
cblr-1726	675	23	crises	crisis	NOUN
cblr-1726	675	24	.	.	PUNCT
cblr-1726	676	1	they	they	PRON
cblr-1726	676	2	also	also	ADV
cblr-1726	676	3	frame	frame	VERB
cblr-1726	676	4	why	why	SCONJ
cblr-1726	676	5	designing	design	VERB
cblr-1726	676	6	a	a	DET
cblr-1726	676	7	more	more	ADV
cblr-1726	676	8	effective	effective	ADJ
cblr-1726	676	9	framework	framework	NOUN
cblr-1726	676	10	for	for	ADP
cblr-1726	676	11	the	the	DET
cblr-1726	676	12	provision	provision	NOUN
cblr-1726	676	13	of	of	ADP
cblr-1726	676	14	fcla	fcla	NOUN
cblr-1726	676	15	should	should	AUX
cblr-1726	676	16	be	be	AUX
cblr-1726	676	17	168	168	NUM
cblr-1726	676	18	see	see	NOUN
cblr-1726	676	19	izabella	izabella	PROPN
cblr-1726	676	20	kaminska	kaminska	PROPN
cblr-1726	676	21	,	,	PUNCT
cblr-1726	676	22	eurodollars	eurodollar	NOUN
cblr-1726	676	23	,	,	PUNCT
cblr-1726	676	24	fx	fx	PROPN
cblr-1726	676	25	reserve	reserve	NOUN
cblr-1726	676	26	managers	manager	NOUN
cblr-1726	676	27	and	and	CCONJ
cblr-1726	676	28	the	the	DET
cblr-1726	676	29	offshore	offshore	ADJ
cblr-1726	676	30	rrp	rrp	NOUN
cblr-1726	676	31	issue	issue	NOUN
cblr-1726	676	32	,	,	PUNCT
cblr-1726	676	33	fin	fin	NOUN
cblr-1726	676	34	.	.	PUNCT
cblr-1726	677	1	times	time	NOUN
cblr-1726	677	2	:	:	PUNCT
cblr-1726	678	1	alphaville	alphaville	PROPN
cblr-1726	678	2	(	(	PUNCT
cblr-1726	678	3	sept	sept	PROPN
cblr-1726	678	4	.	.	PROPN
cblr-1726	678	5	1	1	NUM
cblr-1726	678	6	,	,	PUNCT
cblr-1726	678	7	2015	2015	NUM
cblr-1726	678	8	,	,	PUNCT
cblr-1726	678	9	5:39	5:39	NUM
cblr-1726	678	10	am	am	NOUN
cblr-1726	678	11	)	)	PUNCT
cblr-1726	678	12	,	,	PUNCT
cblr-1726	678	13	https://ftalphaville.ft.com/2015/09/01/2139085/eurodollars-fx-reserve-managers-and-the-offshore-rrp-issue/.	https://ftalphaville.ft.com/2015/09/01/2139085/eurodollars-fx-reserve-managers-and-the-offshore-rrp-issue/.	VERB
cblr-1726	678	14	169	169	NUM
cblr-1726	678	15	see	see	NOUN
cblr-1726	678	16	izabella	izabella	PROPN
cblr-1726	678	17	kaminksa	kaminksa	PROPN
cblr-1726	678	18	,	,	PUNCT
cblr-1726	678	19	all	all	ADV
cblr-1726	678	20	about	about	ADP
cblr-1726	678	21	the	the	DET
cblr-1726	678	22	eurodollars	eurodollar	NOUN
cblr-1726	678	23	,	,	PUNCT
cblr-1726	678	24	fin	fin	NOUN
cblr-1726	678	25	.	.	PUNCT
cblr-1726	679	1	times	time	NOUN
cblr-1726	679	2	:	:	PUNCT
cblr-1726	680	1	alphaville	alphaville	PROPN
cblr-1726	680	2	(	(	PUNCT
cblr-1726	680	3	sept	sept	PROPN
cblr-1726	680	4	.	.	PROPN
cblr-1726	680	5	5	5	NUM
cblr-1726	680	6	,	,	PUNCT
cblr-1726	680	7	2014	2014	NUM
cblr-1726	680	8	,	,	PUNCT
cblr-1726	680	9	11:14	11:14	NUM
cblr-1726	680	10	am	am	NOUN
cblr-1726	680	11	)	)	PUNCT
cblr-1726	680	12	,	,	PUNCT
cblr-1726	680	13	https://ftalphaville.ft.com/2014/09/05/1957231/all-about-the-eurodollars/	https://ftalphaville.ft.com/2014/09/05/1957231/all-about-the-eurodollars/	PROPN
cblr-1726	680	14	;	;	PUNCT
cblr-1726	680	15	kaminska	kaminska	PROPN
cblr-1726	680	16	,	,	PUNCT
cblr-1726	680	17	supra	supra	PROPN
cblr-1726	680	18	note	note	NOUN
cblr-1726	680	19	168	168	NUM
cblr-1726	680	20	.	.	PUNCT
cblr-1726	680	21	170	170	NUM
cblr-1726	680	22	see	see	VERB
cblr-1726	680	23	kaminska	kaminska	PROPN
cblr-1726	680	24	,	,	PUNCT
cblr-1726	680	25	supra	supra	PROPN
cblr-1726	680	26	note	note	NOUN
cblr-1726	680	27	168	168	NUM
cblr-1726	680	28	.	.	PUNCT
cblr-1726	680	29	171	171	NUM
cblr-1726	681	1	especially	especially	ADV
cblr-1726	681	2	where	where	SCONJ
cblr-1726	681	3	these	these	DET
cblr-1726	681	4	firms	firm	NOUN
cblr-1726	681	5	’	'	PUNCT
cblr-1726	681	6	balance	balance	NOUN
cblr-1726	681	7	sheets	sheet	NOUN
cblr-1726	681	8	are	be	AUX
cblr-1726	681	9	characterized	characterize	VERB
cblr-1726	681	10	by	by	ADP
cblr-1726	681	11	significant	significant	ADJ
cblr-1726	681	12	maturity	maturity	NOUN
cblr-1726	681	13	and	and	CCONJ
cblr-1726	681	14	currency	currency	NOUN
cblr-1726	681	15	mismatches	mismatch	NOUN
cblr-1726	681	16	.	.	PUNCT
cblr-1726	682	1	awrey	awrey	PROPN
cblr-1726	682	2	–	–	PUNCT
cblr-1726	682	3	final	final	ADJ
cblr-1726	682	4	no	no	NOUN
cblr-1726	682	5	.	.	PUNCT
cblr-1726	683	1	3:934	3:934	X
cblr-1726	683	2	]	]	X
cblr-1726	683	3	foreign	foreign	ADJ
cblr-1726	683	4	currency	currency	NOUN
cblr-1726	683	5	liquidity	liquidity	NOUN
cblr-1726	683	6	assistance	assistance	NOUN
cblr-1726	683	7	985	985	NUM
cblr-1726	683	8	viewed	view	VERB
cblr-1726	683	9	by	by	ADP
cblr-1726	683	10	policymakers	policymaker	NOUN
cblr-1726	683	11	as	as	ADP
cblr-1726	683	12	an	an	DET
cblr-1726	683	13	important	important	ADJ
cblr-1726	683	14	and	and	CCONJ
cblr-1726	683	15	pressing	press	VERB
cblr-1726	683	16	priority	priority	NOUN
cblr-1726	683	17	.	.	PUNCT
cblr-1726	684	1	v.	v.	ADP
cblr-1726	684	2	designing	design	VERB
cblr-1726	684	3	an	an	DET
cblr-1726	684	4	effective	effective	ADJ
cblr-1726	684	5	framework	framework	NOUN
cblr-1726	684	6	for	for	ADP
cblr-1726	684	7	fcla	fcla	NOUN
cblr-1726	684	8	the	the	DET
cblr-1726	684	9	turmoil	turmoil	NOUN
cblr-1726	684	10	of	of	ADP
cblr-1726	684	11	2007–09	2007–09	PROPN
cblr-1726	684	12	revealed	reveal	VERB
cblr-1726	684	13	an	an	DET
cblr-1726	684	14	important	important	ADJ
cblr-1726	684	15	fault	fault	NOUN
cblr-1726	684	16	line	line	NOUN
cblr-1726	684	17	in	in	ADP
cblr-1726	684	18	the	the	DET
cblr-1726	684	19	structure	structure	NOUN
cblr-1726	684	20	of	of	ADP
cblr-1726	684	21	the	the	DET
cblr-1726	684	22	global	global	ADJ
cblr-1726	684	23	financial	financial	ADJ
cblr-1726	684	24	and	and	CCONJ
cblr-1726	684	25	economic	economic	ADJ
cblr-1726	684	26	system	system	NOUN
cblr-1726	684	27	.	.	PUNCT
cblr-1726	685	1	on	on	ADP
cblr-1726	685	2	one	one	NUM
cblr-1726	685	3	side	side	NOUN
cblr-1726	685	4	of	of	ADP
cblr-1726	685	5	the	the	DET
cblr-1726	685	6	divide	divide	NOUN
cblr-1726	685	7	is	be	AUX
cblr-1726	685	8	a	a	DET
cblr-1726	685	9	global	global	ADJ
cblr-1726	685	10	network	network	NOUN
cblr-1726	685	11	of	of	ADP
cblr-1726	685	12	financial	financial	ADJ
cblr-1726	685	13	markets	market	NOUN
cblr-1726	685	14	and	and	CCONJ
cblr-1726	685	15	institutions	institution	NOUN
cblr-1726	685	16	characterized	characterize	VERB
cblr-1726	685	17	by	by	ADP
cblr-1726	685	18	high	high	ADJ
cblr-1726	685	19	levels	level	NOUN
cblr-1726	685	20	of	of	ADP
cblr-1726	685	21	integration	integration	NOUN
cblr-1726	685	22	and	and	CCONJ
cblr-1726	685	23	interconnectedness	interconnectedness	NOUN
cblr-1726	685	24	,	,	PUNCT
cblr-1726	685	25	where	where	SCONJ
cblr-1726	685	26	financial	financial	ADJ
cblr-1726	685	27	institutions	institution	NOUN
cblr-1726	685	28	located	locate	VERB
cblr-1726	685	29	in	in	ADP
cblr-1726	685	30	one	one	NUM
cblr-1726	685	31	country	country	NOUN
cblr-1726	685	32	can	can	AUX
cblr-1726	685	33	,	,	PUNCT
cblr-1726	685	34	with	with	ADP
cblr-1726	685	35	the	the	DET
cblr-1726	685	36	stroke	stroke	NOUN
cblr-1726	685	37	of	of	ADP
cblr-1726	685	38	a	a	DET
cblr-1726	685	39	few	few	ADJ
cblr-1726	685	40	keys	key	NOUN
cblr-1726	685	41	create	create	VERB
cblr-1726	685	42	liabilities	liability	NOUN
cblr-1726	685	43	denominated	denominate	VERB
cblr-1726	685	44	in	in	ADP
cblr-1726	685	45	the	the	DET
cblr-1726	685	46	currency	currency	NOUN
cblr-1726	685	47	of	of	ADP
cblr-1726	685	48	another	another	DET
cblr-1726	685	49	country	country	NOUN
cblr-1726	685	50	,	,	PUNCT
cblr-1726	685	51	and	and	CCONJ
cblr-1726	685	52	where	where	SCONJ
cblr-1726	685	53	these	these	DET
cblr-1726	685	54	liabilities	liability	NOUN
cblr-1726	685	55	can	can	AUX
cblr-1726	685	56	grease	grease	VERB
cblr-1726	685	57	the	the	DET
cblr-1726	685	58	wheels	wheel	NOUN
cblr-1726	685	59	of	of	ADP
cblr-1726	685	60	trade	trade	NOUN
cblr-1726	685	61	,	,	PUNCT
cblr-1726	685	62	finance	finance	NOUN
cblr-1726	685	63	,	,	PUNCT
cblr-1726	685	64	and	and	CCONJ
cblr-1726	685	65	investment	investment	NOUN
cblr-1726	685	66	across	across	ADP
cblr-1726	685	67	every	every	DET
cblr-1726	685	68	corner	corner	NOUN
cblr-1726	685	69	of	of	ADP
cblr-1726	685	70	the	the	DET
cblr-1726	685	71	globe	globe	NOUN
cblr-1726	685	72	.	.	PUNCT
cblr-1726	686	1	on	on	ADP
cblr-1726	686	2	the	the	DET
cblr-1726	686	3	other	other	ADJ
cblr-1726	686	4	side	side	NOUN
cblr-1726	686	5	of	of	ADP
cblr-1726	686	6	the	the	DET
cblr-1726	686	7	divide	divide	NOUN
cblr-1726	686	8	is	be	AUX
cblr-1726	686	9	an	an	DET
cblr-1726	686	10	emerging	emerge	VERB
cblr-1726	686	11	,	,	PUNCT
cblr-1726	686	12	but	but	CCONJ
cblr-1726	686	13	still	still	ADV
cblr-1726	686	14	highly	highly	ADV
cblr-1726	686	15	fragmented	fragmented	ADJ
cblr-1726	686	16	,	,	PUNCT
cblr-1726	686	17	international	international	ADJ
cblr-1726	686	18	monetary	monetary	ADJ
cblr-1726	686	19	,	,	PUNCT
cblr-1726	686	20	regulatory	regulatory	ADJ
cblr-1726	686	21	,	,	PUNCT
cblr-1726	686	22	and	and	CCONJ
cblr-1726	686	23	crisis	crisis	NOUN
cblr-1726	686	24	management	management	NOUN
cblr-1726	686	25	architecture	architecture	NOUN
cblr-1726	686	26	,	,	PUNCT
cblr-1726	686	27	vulnerable	vulnerable	ADJ
cblr-1726	686	28	to	to	ADP
cblr-1726	686	29	regulatory	regulatory	ADJ
cblr-1726	686	30	arbitrage	arbitrage	NOUN
cblr-1726	686	31	,	,	PUNCT
cblr-1726	686	32	acute	acute	ADJ
cblr-1726	686	33	coordination	coordination	NOUN
cblr-1726	686	34	problems	problem	NOUN
cblr-1726	686	35	,	,	PUNCT
cblr-1726	686	36	and	and	CCONJ
cblr-1726	686	37	conflicting	conflict	VERB
cblr-1726	686	38	domestic	domestic	ADJ
cblr-1726	686	39	political	political	ADJ
cblr-1726	686	40	preferences	preference	NOUN
cblr-1726	686	41	.	.	PUNCT
cblr-1726	687	1	as	as	SCONJ
cblr-1726	687	2	benn	benn	PROPN
cblr-1726	687	3	steil	steil	PROPN
cblr-1726	687	4	and	and	CCONJ
cblr-1726	687	5	manuel	manuel	PROPN
cblr-1726	687	6	hinds	hinds	PROPN
cblr-1726	687	7	observe	observe	PROPN
cblr-1726	687	8	,	,	PUNCT
cblr-1726	687	9	this	this	DET
cblr-1726	687	10	divide	divide	NOUN
cblr-1726	687	11	represents	represent	VERB
cblr-1726	687	12	a	a	DET
cblr-1726	687	13	significant	significant	ADJ
cblr-1726	687	14	threat	threat	NOUN
cblr-1726	687	15	to	to	ADP
cblr-1726	687	16	economic	economic	ADJ
cblr-1726	687	17	globalization	globalization	NOUN
cblr-1726	687	18	:	:	PUNCT
cblr-1726	687	19	“	"	PUNCT
cblr-1726	687	20	if	if	SCONJ
cblr-1726	687	21	anything	anything	PRON
cblr-1726	687	22	is	be	AUX
cblr-1726	687	23	likely	likely	ADJ
cblr-1726	687	24	to	to	PART
cblr-1726	687	25	throw	throw	VERB
cblr-1726	687	26	globalization	globalization	NOUN
cblr-1726	687	27	into	into	ADP
cblr-1726	687	28	reverse	reverse	NOUN
cblr-1726	687	29	,	,	PUNCT
cblr-1726	687	30	it	it	PRON
cblr-1726	687	31	is	be	AUX
cblr-1726	687	32	not	not	PART
cblr-1726	687	33	trade	trade	VERB
cblr-1726	687	34	itself	itself	PRON
cblr-1726	687	35	,	,	PUNCT
cblr-1726	687	36	but	but	CCONJ
cblr-1726	687	37	the	the	DET
cblr-1726	687	38	money	money	NOUN
cblr-1726	687	39	that	that	PRON
cblr-1726	687	40	facilitates	facilitate	VERB
cblr-1726	687	41	it	it	PRON
cblr-1726	687	42	.	.	PUNCT
cblr-1726	688	1	national	national	ADJ
cblr-1726	688	2	monies	monie	NOUN
cblr-1726	688	3	and	and	CCONJ
cblr-1726	688	4	global	global	ADJ
cblr-1726	688	5	markets	market	NOUN
cblr-1726	688	6	simply	simply	ADV
cblr-1726	688	7	do	do	AUX
cblr-1726	688	8	not	not	PART
cblr-1726	688	9	mix	mix	VERB
cblr-1726	688	10	;	;	PUNCT
cblr-1726	688	11	together	together	ADV
cblr-1726	688	12	they	they	PRON
cblr-1726	688	13	make	make	VERB
cblr-1726	688	14	a	a	DET
cblr-1726	688	15	deadly	deadly	ADJ
cblr-1726	688	16	brew	brew	NOUN
cblr-1726	688	17	of	of	ADP
cblr-1726	688	18	currency	currency	NOUN
cblr-1726	688	19	crises	crisis	NOUN
cblr-1726	688	20	and	and	CCONJ
cblr-1726	688	21	geopolitical	geopolitical	ADJ
cblr-1726	688	22	tension	tension	NOUN
cblr-1726	688	23	and	and	CCONJ
cblr-1726	688	24	create	create	VERB
cblr-1726	688	25	ready	ready	ADJ
cblr-1726	688	26	pretexts	pretext	NOUN
cblr-1726	688	27	for	for	ADP
cblr-1726	688	28	damaging	damage	VERB
cblr-1726	688	29	protectionism	protectionism	NOUN
cblr-1726	688	30	.	.	PUNCT
cblr-1726	688	31	”172	”172	PUNCT
cblr-1726	689	1	this	this	DET
cblr-1726	689	2	part	part	NOUN
cblr-1726	689	3	examines	examine	VERB
cblr-1726	689	4	some	some	PRON
cblr-1726	689	5	of	of	ADP
cblr-1726	689	6	the	the	DET
cblr-1726	689	7	ways	way	NOUN
cblr-1726	689	8	that	that	PRON
cblr-1726	689	9	one	one	PRON
cblr-1726	689	10	might	might	AUX
cblr-1726	689	11	begin	begin	VERB
cblr-1726	689	12	to	to	PART
cblr-1726	689	13	bridge	bridge	VERB
cblr-1726	689	14	this	this	DET
cblr-1726	689	15	divide	divide	NOUN
cblr-1726	689	16	by	by	ADP
cblr-1726	689	17	designing	design	VERB
cblr-1726	689	18	a	a	DET
cblr-1726	689	19	more	more	ADV
cblr-1726	689	20	effective	effective	ADJ
cblr-1726	689	21	framework	framework	NOUN
cblr-1726	689	22	for	for	ADP
cblr-1726	689	23	the	the	DET
cblr-1726	689	24	provision	provision	NOUN
cblr-1726	689	25	of	of	ADP
cblr-1726	689	26	fcla	fcla	NOUN
cblr-1726	689	27	:	:	PUNCT
cblr-1726	689	28	one	one	NOUN
cblr-1726	689	29	that	that	PRON
cblr-1726	689	30	reflects	reflect	VERB
cblr-1726	689	31	the	the	DET
cblr-1726	689	32	imperatives	imperative	NOUN
cblr-1726	689	33	of	of	ADP
cblr-1726	689	34	bagehot	bagehot	NOUN
cblr-1726	689	35	’s	’s	PART
cblr-1726	689	36	dictum	dictum	NOUN
cblr-1726	689	37	while	while	SCONJ
cblr-1726	689	38	simultaneously	simultaneously	ADV
cblr-1726	689	39	constraining	constrain	VERB
cblr-1726	689	40	the	the	DET
cblr-1726	689	41	moral	moral	ADJ
cblr-1726	689	42	hazard	hazard	NOUN
cblr-1726	689	43	and	and	CCONJ
cblr-1726	689	44	other	other	ADJ
cblr-1726	689	45	problems	problem	NOUN
cblr-1726	689	46	generated	generate	VERB
cblr-1726	689	47	by	by	ADP
cblr-1726	689	48	this	this	DET
cblr-1726	689	49	ambitious	ambitious	ADJ
cblr-1726	689	50	state	state	NOUN
cblr-1726	689	51	-	-	PUNCT
cblr-1726	689	52	supported	support	VERB
cblr-1726	689	53	liquidity	liquidity	NOUN
cblr-1726	689	54	insurance	insurance	NOUN
cblr-1726	689	55	.	.	PUNCT
cblr-1726	690	1	broadly	broadly	ADV
cblr-1726	690	2	speaking	speak	VERB
cblr-1726	690	3	,	,	PUNCT
cblr-1726	690	4	the	the	DET
cblr-1726	690	5	available	available	ADJ
cblr-1726	690	6	policy	policy	NOUN
cblr-1726	690	7	alternatives	alternative	NOUN
cblr-1726	690	8	include	include	VERB
cblr-1726	690	9	the	the	DET
cblr-1726	690	10	introduction	introduction	NOUN
cblr-1726	690	11	of	of	ADP
cblr-1726	690	12	a	a	DET
cblr-1726	690	13	blanket	blanket	NOUN
cblr-1726	690	14	prohibition	prohibition	NOUN
cblr-1726	690	15	against	against	ADP
cblr-1726	690	16	the	the	DET
cblr-1726	690	17	issuance	issuance	NOUN
cblr-1726	690	18	of	of	ADP
cblr-1726	690	19	eurodollar	eurodollar	PROPN
cblr-1726	690	20	liabilities	liability	NOUN
cblr-1726	690	21	,	,	PUNCT
cblr-1726	690	22	replacing	replace	VERB
cblr-1726	690	23	the	the	DET
cblr-1726	690	24	eurodollar	eurodollar	ADJ
cblr-1726	690	25	market	market	NOUN
cblr-1726	690	26	with	with	ADP
cblr-1726	690	27	a	a	DET
cblr-1726	690	28	global	global	ADJ
cblr-1726	690	29	currency	currency	NOUN
cblr-1726	690	30	and	and	CCONJ
cblr-1726	690	31	central	central	ADJ
cblr-1726	690	32	bank	bank	NOUN
cblr-1726	690	33	,	,	PUNCT
cblr-1726	690	34	and	and	CCONJ
cblr-1726	690	35	strengthening	strengthen	VERB
cblr-1726	690	36	the	the	DET
cblr-1726	690	37	existing	exist	VERB
cblr-1726	690	38	international	international	ADJ
cblr-1726	690	39	architecture	architecture	NOUN
cblr-1726	690	40	for	for	ADP
cblr-1726	690	41	the	the	DET
cblr-1726	690	42	provision	provision	NOUN
cblr-1726	690	43	of	of	ADP
cblr-1726	690	44	fcla	fcla	NOUN
cblr-1726	690	45	.	.	PUNCT
cblr-1726	691	1	172	172	NUM
cblr-1726	691	2	steil	steil	PROPN
cblr-1726	691	3	&	&	CCONJ
cblr-1726	691	4	hinds	hinds	PROPN
cblr-1726	691	5	,	,	PUNCT
cblr-1726	691	6	supra	supra	PROPN
cblr-1726	691	7	note	note	NOUN
cblr-1726	691	8	10	10	NUM
cblr-1726	691	9	,	,	PUNCT
cblr-1726	691	10	at	at	ADP
cblr-1726	691	11	8	8	NUM
cblr-1726	691	12	.	.	PUNCT
cblr-1726	691	13	awrey	awrey	NOUN
cblr-1726	691	14	–	–	PUNCT
cblr-1726	691	15	final	final	ADJ
cblr-1726	691	16	986	986	NUM
cblr-1726	691	17	columbia	columbia	PROPN
cblr-1726	691	18	business	business	NOUN
cblr-1726	691	19	law	law	PROPN
cblr-1726	691	20	review	review	NOUN
cblr-1726	691	21	[	[	X
cblr-1726	691	22	vol	vol	NOUN
cblr-1726	691	23	.	.	NOUN
cblr-1726	691	24	2017	2017	NUM
cblr-1726	691	25	a.	a.	NOUN
cblr-1726	691	26	a	a	DET
cblr-1726	691	27	blanket	blanket	NOUN
cblr-1726	691	28	prohibition	prohibition	NOUN
cblr-1726	691	29	against	against	ADP
cblr-1726	691	30	eurodollar	eurodollar	PROPN
cblr-1726	691	31	liabilities	liability	NOUN
cblr-1726	691	32	as	as	SCONJ
cblr-1726	691	33	this	this	DET
cblr-1726	691	34	article	article	NOUN
cblr-1726	691	35	has	have	AUX
cblr-1726	691	36	shown	show	VERB
cblr-1726	691	37	,	,	PUNCT
cblr-1726	691	38	scholars	scholar	NOUN
cblr-1726	691	39	such	such	ADJ
cblr-1726	691	40	as	as	ADP
cblr-1726	691	41	morgan	morgan	PROPN
cblr-1726	691	42	ricks	rick	NOUN
cblr-1726	691	43	see	see	VERB
cblr-1726	691	44	a	a	DET
cblr-1726	691	45	clear	clear	ADJ
cblr-1726	691	46	relationship	relationship	NOUN
cblr-1726	691	47	between	between	ADP
cblr-1726	691	48	private	private	ADJ
cblr-1726	691	49	money	money	NOUN
cblr-1726	691	50	creation	creation	NOUN
cblr-1726	691	51	,	,	PUNCT
cblr-1726	691	52	runs	run	NOUN
cblr-1726	691	53	,	,	PUNCT
cblr-1726	691	54	and	and	CCONJ
cblr-1726	691	55	financial	financial	ADJ
cblr-1726	691	56	instability.173	instability.173	NOUN
cblr-1726	691	57	as	as	SCONJ
cblr-1726	691	58	ricks	rick	NOUN
cblr-1726	691	59	observes	observe	VERB
cblr-1726	691	60	,	,	PUNCT
cblr-1726	691	61	while	while	SCONJ
cblr-1726	691	62	deposit	deposit	NOUN
cblr-1726	691	63	guarantee	guarantee	NOUN
cblr-1726	691	64	schemes	scheme	NOUN
cblr-1726	691	65	and	and	CCONJ
cblr-1726	691	66	ela	ela	PROPN
cblr-1726	691	67	facilities	facility	NOUN
cblr-1726	691	68	have	have	AUX
cblr-1726	691	69	proven	prove	VERB
cblr-1726	691	70	to	to	PART
cblr-1726	691	71	be	be	AUX
cblr-1726	691	72	relatively	relatively	ADV
cblr-1726	691	73	effective	effective	ADJ
cblr-1726	691	74	mechanisms	mechanism	NOUN
cblr-1726	691	75	for	for	ADP
cblr-1726	691	76	dampening	dampen	VERB
cblr-1726	691	77	the	the	DET
cblr-1726	691	78	destabilizing	destabilizing	ADJ
cblr-1726	691	79	impact	impact	NOUN
cblr-1726	691	80	of	of	ADP
cblr-1726	691	81	private	private	ADJ
cblr-1726	691	82	money	money	NOUN
cblr-1726	691	83	creation	creation	NOUN
cblr-1726	691	84	within	within	ADP
cblr-1726	691	85	the	the	DET
cblr-1726	691	86	conventional	conventional	ADJ
cblr-1726	691	87	banking	banking	NOUN
cblr-1726	691	88	system	system	NOUN
cblr-1726	691	89	,	,	PUNCT
cblr-1726	691	90	the	the	DET
cblr-1726	691	91	effectiveness	effectiveness	NOUN
cblr-1726	691	92	of	of	ADP
cblr-1726	691	93	these	these	DET
cblr-1726	691	94	mechanisms	mechanism	NOUN
cblr-1726	691	95	has	have	AUX
cblr-1726	691	96	been	be	AUX
cblr-1726	691	97	eroded	erode	VERB
cblr-1726	691	98	by	by	ADP
cblr-1726	691	99	the	the	DET
cblr-1726	691	100	emergence	emergence	NOUN
cblr-1726	691	101	and	and	CCONJ
cblr-1726	691	102	growth	growth	NOUN
cblr-1726	691	103	of	of	ADP
cblr-1726	691	104	a	a	DET
cblr-1726	691	105	vibrant	vibrant	ADJ
cblr-1726	691	106	and	and	CCONJ
cblr-1726	691	107	diverse	diverse	ADJ
cblr-1726	691	108	shadow	shadow	NOUN
cblr-1726	691	109	banking	banking	NOUN
cblr-1726	691	110	system.174	system.174	PROPN
cblr-1726	691	111	in	in	ADP
cblr-1726	691	112	response	response	NOUN
cblr-1726	691	113	,	,	PUNCT
cblr-1726	691	114	ricks	rick	NOUN
cblr-1726	691	115	proposes	propose	VERB
cblr-1726	691	116	a	a	DET
cblr-1726	691	117	public	public	ADJ
cblr-1726	691	118	-	-	PUNCT
cblr-1726	691	119	private	private	ADJ
cblr-1726	691	120	partnership	partnership	NOUN
cblr-1726	691	121	pursuant	pursuant	ADJ
cblr-1726	691	122	to	to	ADP
cblr-1726	691	123	which	which	PRON
cblr-1726	691	124	banks	bank	NOUN
cblr-1726	691	125	would	would	AUX
cblr-1726	691	126	be	be	AUX
cblr-1726	691	127	licensed	license	VERB
cblr-1726	691	128	as	as	ADP
cblr-1726	691	129	the	the	DET
cblr-1726	691	130	exclusive	exclusive	ADJ
cblr-1726	691	131	issuers	issuer	NOUN
cblr-1726	691	132	of	of	ADP
cblr-1726	691	133	all	all	DET
cblr-1726	691	134	deposits	deposit	NOUN
cblr-1726	691	135	,	,	PUNCT
cblr-1726	691	136	shortterm	shortterm	PROPN
cblr-1726	691	137	liabilities	liability	NOUN
cblr-1726	691	138	,	,	PUNCT
cblr-1726	691	139	and	and	CCONJ
cblr-1726	691	140	other	other	ADJ
cblr-1726	691	141	“	"	PUNCT
cblr-1726	691	142	money	money	NOUN
cblr-1726	691	143	-	-	PUNCT
cblr-1726	691	144	claims	claim	NOUN
cblr-1726	691	145	.	.	PUNCT
cblr-1726	692	1	”175	”175	PUNCT
cblr-1726	693	1	these	these	DET
cblr-1726	693	2	moneyclaims	moneyclaim	NOUN
cblr-1726	693	3	would	would	AUX
cblr-1726	693	4	be	be	AUX
cblr-1726	693	5	explicitly	explicitly	ADV
cblr-1726	693	6	backed	back	VERB
cblr-1726	693	7	by	by	ADP
cblr-1726	693	8	a	a	DET
cblr-1726	693	9	state	state	NOUN
cblr-1726	693	10	guarantee	guarantee	NOUN
cblr-1726	693	11	,	,	PUNCT
cblr-1726	693	12	thereby	thereby	ADV
cblr-1726	693	13	eliminating	eliminate	VERB
cblr-1726	693	14	the	the	DET
cblr-1726	693	15	distinction	distinction	NOUN
cblr-1726	693	16	between	between	ADP
cblr-1726	693	17	public	public	ADJ
cblr-1726	693	18	and	and	CCONJ
cblr-1726	693	19	private	private	ADJ
cblr-1726	693	20	money	money	NOUN
cblr-1726	693	21	and	and	CCONJ
cblr-1726	693	22	,	,	PUNCT
cblr-1726	693	23	with	with	ADP
cblr-1726	693	24	it	it	PRON
cblr-1726	693	25	,	,	PUNCT
cblr-1726	693	26	the	the	DET
cblr-1726	693	27	incentives	incentive	NOUN
cblr-1726	693	28	of	of	ADP
cblr-1726	693	29	short	short	ADJ
cblr-1726	693	30	-	-	PUNCT
cblr-1726	693	31	term	term	NOUN
cblr-1726	693	32	creditors	creditor	NOUN
cblr-1726	693	33	to	to	PART
cblr-1726	693	34	engage	engage	VERB
cblr-1726	693	35	in	in	ADP
cblr-1726	693	36	destabilizing	destabilizing	ADJ
cblr-1726	693	37	run	run	NOUN
cblr-1726	693	38	-	-	PUNCT
cblr-1726	693	39	like	like	ADJ
cblr-1726	693	40	behavior.176	behavior.176	NOUN
cblr-1726	693	41	in	in	ADP
cblr-1726	693	42	exchange	exchange	NOUN
cblr-1726	693	43	,	,	PUNCT
cblr-1726	693	44	the	the	DET
cblr-1726	693	45	state	state	NOUN
cblr-1726	693	46	would	would	AUX
cblr-1726	693	47	receive	receive	VERB
cblr-1726	693	48	a	a	DET
cblr-1726	693	49	periodic	periodic	ADJ
cblr-1726	693	50	fee	fee	NOUN
cblr-1726	693	51	from	from	ADP
cblr-1726	693	52	each	each	DET
cblr-1726	693	53	bank	bank	NOUN
cblr-1726	693	54	based	base	VERB
cblr-1726	693	55	on	on	ADP
cblr-1726	693	56	the	the	DET
cblr-1726	693	57	returns	return	NOUN
cblr-1726	693	58	from	from	ADP
cblr-1726	693	59	its	its	PRON
cblr-1726	693	60	investment	investment	NOUN
cblr-1726	693	61	portfolio	portfolio	NOUN
cblr-1726	693	62	and	and	CCONJ
cblr-1726	693	63	the	the	DET
cblr-1726	693	64	quantity	quantity	NOUN
cblr-1726	693	65	of	of	ADP
cblr-1726	693	66	its	its	PRON
cblr-1726	693	67	issued	issue	VERB
cblr-1726	693	68	and	and	CCONJ
cblr-1726	693	69	outstanding	outstanding	ADJ
cblr-1726	693	70	money	money	NOUN
cblr-1726	693	71	-	-	PUNCT
cblr-1726	693	72	claims.177	claims.177	NOUN
cblr-1726	693	73	banks	bank	NOUN
cblr-1726	693	74	would	would	AUX
cblr-1726	693	75	also	also	ADV
cblr-1726	693	76	be	be	AUX
cblr-1726	693	77	subject	subject	ADJ
cblr-1726	693	78	to	to	ADP
cblr-1726	693	79	portfolio	portfolio	NOUN
cblr-1726	693	80	,	,	PUNCT
cblr-1726	693	81	capital	capital	NOUN
cblr-1726	693	82	,	,	PUNCT
cblr-1726	693	83	and	and	CCONJ
cblr-1726	693	84	other	other	ADJ
cblr-1726	693	85	prudential	prudential	ADJ
cblr-1726	693	86	regulatory	regulatory	ADJ
cblr-1726	693	87	requirements	requirement	NOUN
cblr-1726	693	88	designed	design	VERB
cblr-1726	693	89	to	to	PART
cblr-1726	693	90	ameliorate	ameliorate	VERB
cblr-1726	693	91	any	any	DET
cblr-1726	693	92	potential	potential	ADJ
cblr-1726	693	93	moral	moral	ADJ
cblr-1726	693	94	hazard	hazard	NOUN
cblr-1726	693	95	problems	problem	NOUN
cblr-1726	693	96	generated	generate	VERB
cblr-1726	693	97	by	by	ADP
cblr-1726	693	98	the	the	DET
cblr-1726	693	99	state	state	NOUN
cblr-1726	693	100	guarantee.178	guarantee.178	PROPN
cblr-1726	693	101	ricks	rick	NOUN
cblr-1726	693	102	’	'	PUNCT
cblr-1726	693	103	proposal	proposal	NOUN
cblr-1726	693	104	envisions	envision	VERB
cblr-1726	693	105	that	that	SCONJ
cblr-1726	693	106	financial	financial	ADJ
cblr-1726	693	107	institutions	institution	NOUN
cblr-1726	693	108	other	other	ADJ
cblr-1726	693	109	than	than	ADP
cblr-1726	693	110	licensed	licensed	ADJ
cblr-1726	693	111	banks	bank	NOUN
cblr-1726	693	112	would	would	AUX
cblr-1726	693	113	be	be	AUX
cblr-1726	693	114	prohibited	prohibit	VERB
cblr-1726	693	115	from	from	ADP
cblr-1726	693	116	issuing	issue	VERB
cblr-1726	693	117	deposit	deposit	NOUN
cblr-1726	693	118	173	173	NUM
cblr-1726	693	119	see	see	VERB
cblr-1726	693	120	the	the	DET
cblr-1726	693	121	discussion	discussion	NOUN
cblr-1726	693	122	of	of	ADP
cblr-1726	693	123	ricks	rick	NOUN
cblr-1726	693	124	’	'	PUNCT
cblr-1726	693	125	“	"	PUNCT
cblr-1726	693	126	money	money	NOUN
cblr-1726	693	127	problem	problem	NOUN
cblr-1726	693	128	”	"	PUNCT
cblr-1726	693	129	in	in	ADP
cblr-1726	693	130	part	part	NOUN
cblr-1726	693	131	iii	iii	NOUN
cblr-1726	693	132	,	,	PUNCT
cblr-1726	693	133	supra	supra	NOUN
cblr-1726	693	134	.	.	PUNCT
cblr-1726	694	1	174	174	NUM
cblr-1726	694	2	ricks	rick	NOUN
cblr-1726	694	3	,	,	PUNCT
cblr-1726	694	4	supra	supra	PROPN
cblr-1726	694	5	note	note	PROPN
cblr-1726	694	6	79	79	NUM
cblr-1726	694	7	,	,	PUNCT
cblr-1726	694	8	at	at	ADP
cblr-1726	694	9	215–19	215–19	NUM
cblr-1726	694	10	.	.	PUNCT
cblr-1726	695	1	as	as	SCONJ
cblr-1726	695	2	ricks	rick	NOUN
cblr-1726	695	3	observes	observe	VERB
cblr-1726	695	4	,	,	PUNCT
cblr-1726	695	5	deposit	deposit	NOUN
cblr-1726	695	6	guarantee	guarantee	NOUN
cblr-1726	695	7	schemes	scheme	NOUN
cblr-1726	695	8	and	and	CCONJ
cblr-1726	695	9	ela	ela	PROPN
cblr-1726	695	10	facilities	facility	NOUN
cblr-1726	695	11	also	also	ADV
cblr-1726	695	12	introduce	introduce	VERB
cblr-1726	695	13	potentially	potentially	ADV
cblr-1726	695	14	significant	significant	ADJ
cblr-1726	695	15	distortions	distortion	NOUN
cblr-1726	695	16	:	:	PUNCT
cblr-1726	695	17	encouraging	encourage	VERB
cblr-1726	695	18	growth	growth	NOUN
cblr-1726	695	19	in	in	ADP
cblr-1726	695	20	the	the	DET
cblr-1726	695	21	size	size	NOUN
cblr-1726	695	22	of	of	ADP
cblr-1726	695	23	financial	financial	ADJ
cblr-1726	695	24	institutions	institution	NOUN
cblr-1726	695	25	,	,	PUNCT
cblr-1726	695	26	the	the	DET
cblr-1726	695	27	use	use	NOUN
cblr-1726	695	28	of	of	ADP
cblr-1726	695	29	leverage	leverage	NOUN
cblr-1726	695	30	,	,	PUNCT
cblr-1726	695	31	and	and	CCONJ
cblr-1726	695	32	the	the	DET
cblr-1726	695	33	oversupply	oversupply	NOUN
cblr-1726	695	34	of	of	ADP
cblr-1726	695	35	credit	credit	NOUN
cblr-1726	695	36	to	to	ADP
cblr-1726	695	37	the	the	DET
cblr-1726	695	38	economy	economy	NOUN
cblr-1726	695	39	.	.	PUNCT
cblr-1726	696	1	i	i	PRON
cblr-1726	696	2	d.	d.	PROPN
cblr-1726	696	3	at	at	ADP
cblr-1726	696	4	3	3	NUM
cblr-1726	696	5	.	.	NUM
cblr-1726	696	6	175	175	NUM
cblr-1726	697	1	i	i	PRON
cblr-1726	697	2	d.	d.	PROPN
cblr-1726	697	3	at	at	ADP
cblr-1726	697	4	226	226	NUM
cblr-1726	697	5	,	,	PUNCT
cblr-1726	697	6	235	235	NUM
cblr-1726	697	7	.	.	PUNCT
cblr-1726	698	1	under	under	ADP
cblr-1726	698	2	ricks	rick	NOUN
cblr-1726	698	3	proposal	proposal	NOUN
cblr-1726	698	4	,	,	PUNCT
cblr-1726	698	5	banks	bank	NOUN
cblr-1726	698	6	would	would	AUX
cblr-1726	698	7	be	be	AUX
cblr-1726	698	8	licensed	license	VERB
cblr-1726	698	9	to	to	PART
cblr-1726	698	10	issue	issue	VERB
cblr-1726	698	11	a	a	DET
cblr-1726	698	12	specific	specific	ADJ
cblr-1726	698	13	quantity	quantity	NOUN
cblr-1726	698	14	of	of	ADP
cblr-1726	698	15	money	money	NOUN
cblr-1726	698	16	-	-	PUNCT
cblr-1726	698	17	claims	claim	NOUN
cblr-1726	698	18	.	.	PUNCT
cblr-1726	699	1	the	the	DET
cblr-1726	699	2	system	system	NOUN
cblr-1726	699	3	would	would	AUX
cblr-1726	699	4	then	then	ADV
cblr-1726	699	5	employ	employ	VERB
cblr-1726	699	6	a	a	DET
cblr-1726	699	7	cap	cap	NOUN
cblr-1726	699	8	and	and	CCONJ
cblr-1726	699	9	trade	trade	NOUN
cblr-1726	699	10	system	system	NOUN
cblr-1726	699	11	,	,	PUNCT
cblr-1726	699	12	enabling	enable	VERB
cblr-1726	699	13	banks	bank	NOUN
cblr-1726	699	14	to	to	PART
cblr-1726	699	15	sell	sell	VERB
cblr-1726	699	16	excess	excess	ADJ
cblr-1726	699	17	capacity	capacity	NOUN
cblr-1726	699	18	to	to	ADP
cblr-1726	699	19	other	other	ADJ
cblr-1726	699	20	banks	bank	NOUN
cblr-1726	699	21	with	with	ADP
cblr-1726	699	22	more	more	ADV
cblr-1726	699	23	attractive	attractive	ADJ
cblr-1726	699	24	investment	investment	NOUN
cblr-1726	699	25	opportunities	opportunity	NOUN
cblr-1726	699	26	.	.	PUNCT
cblr-1726	700	1	i	i	PRON
cblr-1726	700	2	d.	d.	PROPN
cblr-1726	700	3	at	at	ADP
cblr-1726	700	4	228	228	NUM
cblr-1726	700	5	.	.	PUNCT
cblr-1726	701	1	176	176	NUM
cblr-1726	702	1	i	i	PRON
cblr-1726	702	2	d.	d.	PROPN
cblr-1726	702	3	at	at	ADP
cblr-1726	702	4	227	227	NUM
cblr-1726	702	5	,	,	PUNCT
cblr-1726	702	6	241	241	NUM
cblr-1726	702	7	.	.	NOUN
cblr-1726	702	8	177	177	NUM
cblr-1726	703	1	i	i	PRON
cblr-1726	703	2	d.	d.	PROPN
cblr-1726	703	3	at	at	ADP
cblr-1726	703	4	226	226	NUM
cblr-1726	703	5	.	.	PUNCT
cblr-1726	704	1	178	178	NUM
cblr-1726	705	1	i	i	PRON
cblr-1726	705	2	d.	d.	PROPN
cblr-1726	705	3	at	at	ADP
cblr-1726	705	4	225	225	NUM
cblr-1726	705	5	.	.	PUNCT
cblr-1726	706	1	awrey	awrey	NOUN
cblr-1726	706	2	–	–	PUNCT
cblr-1726	706	3	final	final	ADJ
cblr-1726	706	4	no	no	NOUN
cblr-1726	706	5	.	.	PUNCT
cblr-1726	707	1	3:934	3:934	X
cblr-1726	707	2	]	]	X
cblr-1726	707	3	foreign	foreign	ADJ
cblr-1726	707	4	currency	currency	NOUN
cblr-1726	707	5	liquidity	liquidity	NOUN
cblr-1726	707	6	assistance	assistance	NOUN
cblr-1726	707	7	987	987	NUM
cblr-1726	707	8	liabilities	liability	NOUN
cblr-1726	707	9	and	and	CCONJ
cblr-1726	707	10	other	other	ADJ
cblr-1726	707	11	money	money	NOUN
cblr-1726	707	12	-	-	PUNCT
cblr-1726	707	13	claims.179	claims.179	PROPN
cblr-1726	707	14	given	give	VERB
cblr-1726	707	15	the	the	DET
cblr-1726	707	16	domestic	domestic	ADJ
cblr-1726	707	17	locus	locus	NOUN
cblr-1726	707	18	of	of	ADP
cblr-1726	707	19	bank	bank	NOUN
cblr-1726	707	20	licensing	licensing	NOUN
cblr-1726	707	21	regimes	regime	NOUN
cblr-1726	707	22	,	,	PUNCT
cblr-1726	707	23	one	one	NUM
cblr-1726	707	24	of	of	ADP
cblr-1726	707	25	the	the	DET
cblr-1726	707	26	logical	logical	ADJ
cblr-1726	707	27	consequences	consequence	NOUN
cblr-1726	707	28	of	of	ADP
cblr-1726	707	29	this	this	DET
cblr-1726	707	30	proposal	proposal	NOUN
cblr-1726	707	31	would	would	AUX
cblr-1726	707	32	thus	thus	ADV
cblr-1726	707	33	be	be	AUX
cblr-1726	707	34	the	the	DET
cblr-1726	707	35	complete	complete	ADJ
cblr-1726	707	36	abolition	abolition	NOUN
cblr-1726	707	37	of	of	ADP
cblr-1726	707	38	the	the	DET
cblr-1726	707	39	eurodollar	eurodollar	PROPN
cblr-1726	707	40	market	market	NOUN
cblr-1726	707	41	.	.	PUNCT
cblr-1726	708	1	this	this	PRON
cblr-1726	708	2	is	be	AUX
cblr-1726	708	3	no	no	DET
cblr-1726	708	4	accident	accident	NOUN
cblr-1726	708	5	.	.	PUNCT
cblr-1726	709	1	as	as	SCONJ
cblr-1726	709	2	ricks	rick	NOUN
cblr-1726	709	3	explains	explain	VERB
cblr-1726	709	4	:	:	PUNCT
cblr-1726	709	5	“	"	PUNCT
cblr-1726	709	6	simply	simply	ADV
cblr-1726	709	7	put	put	VERB
cblr-1726	709	8	,	,	PUNCT
cblr-1726	709	9	the	the	DET
cblr-1726	709	10	eurodollar	eurodollar	PROPN
cblr-1726	709	11	markets	market	NOUN
cblr-1726	709	12	—	—	PUNCT
cblr-1726	709	13	and	and	CCONJ
cblr-1726	709	14	the	the	DET
cblr-1726	709	15	eurocurrency	eurocurrency	NOUN
cblr-1726	709	16	markets	market	VERB
cblr-1726	709	17	more	more	ADV
cblr-1726	709	18	generally	generally	ADV
cblr-1726	709	19	—	—	PUNCT
cblr-1726	709	20	are	be	AUX
cblr-1726	709	21	incompatible	incompatible	ADJ
cblr-1726	709	22	with	with	ADP
cblr-1726	709	23	financial	financial	ADJ
cblr-1726	709	24	stability”.180	stability”.180	PROPN
cblr-1726	709	25	writing	write	VERB
cblr-1726	709	26	from	from	ADP
cblr-1726	709	27	the	the	DET
cblr-1726	709	28	vantage	vantage	NOUN
cblr-1726	709	29	point	point	NOUN
cblr-1726	709	30	of	of	ADP
cblr-1726	709	31	the	the	DET
cblr-1726	709	32	united	united	PROPN
cblr-1726	709	33	states	states	PROPN
cblr-1726	709	34	,	,	PUNCT
cblr-1726	709	35	ricks	rick	NOUN
cblr-1726	709	36	goes	go	VERB
cblr-1726	709	37	on	on	ADP
cblr-1726	709	38	to	to	PART
cblr-1726	709	39	identify	identify	VERB
cblr-1726	709	40	two	two	NUM
cblr-1726	709	41	possible	possible	ADJ
cblr-1726	709	42	avenues	avenue	NOUN
cblr-1726	709	43	for	for	ADP
cblr-1726	709	44	abolishing	abolish	VERB
cblr-1726	709	45	the	the	DET
cblr-1726	709	46	eurodollar	eurodollar	PROPN
cblr-1726	709	47	market	market	NOUN
cblr-1726	709	48	.	.	PUNCT
cblr-1726	710	1	the	the	DET
cblr-1726	710	2	first	first	ADJ
cblr-1726	710	3	avenue	avenue	NOUN
cblr-1726	710	4	would	would	AUX
cblr-1726	710	5	be	be	AUX
cblr-1726	710	6	to	to	PART
cblr-1726	710	7	impose	impose	VERB
cblr-1726	710	8	a	a	DET
cblr-1726	710	9	blanket	blanket	NOUN
cblr-1726	710	10	prohibition	prohibition	NOUN
cblr-1726	710	11	on	on	ADP
cblr-1726	710	12	the	the	DET
cblr-1726	710	13	issuance	issuance	NOUN
cblr-1726	710	14	of	of	ADP
cblr-1726	710	15	short	short	ADJ
cblr-1726	710	16	-	-	PUNCT
cblr-1726	710	17	term	term	NOUN
cblr-1726	710	18	u.s	u.s	PROPN
cblr-1726	710	19	.	.	PROPN
cblr-1726	710	20	dollar	dollar	NOUN
cblr-1726	710	21	liabilities	liability	NOUN
cblr-1726	710	22	by	by	ADP
cblr-1726	710	23	financial	financial	ADJ
cblr-1726	710	24	institutions	institution	NOUN
cblr-1726	710	25	incorporated	incorporate	VERB
cblr-1726	710	26	and	and	CCONJ
cblr-1726	710	27	licensed	license	VERB
cblr-1726	710	28	outside	outside	ADP
cblr-1726	710	29	the	the	DET
cblr-1726	710	30	united	united	PROPN
cblr-1726	710	31	states	states	PROPN
cblr-1726	710	32	.	.	PUNCT
cblr-1726	711	1	in	in	ADP
cblr-1726	711	2	pursuing	pursue	VERB
cblr-1726	711	3	this	this	DET
cblr-1726	711	4	avenue	avenue	NOUN
cblr-1726	711	5	,	,	PUNCT
cblr-1726	711	6	the	the	DET
cblr-1726	711	7	united	united	PROPN
cblr-1726	711	8	states	states	PROPN
cblr-1726	711	9	would	would	AUX
cblr-1726	711	10	find	find	VERB
cblr-1726	711	11	little	little	ADJ
cblr-1726	711	12	support	support	NOUN
cblr-1726	711	13	in	in	ADP
cblr-1726	711	14	public	public	ADJ
cblr-1726	711	15	international	international	ADJ
cblr-1726	711	16	law	law	NOUN
cblr-1726	711	17	.	.	PUNCT
cblr-1726	712	1	the	the	DET
cblr-1726	712	2	imf	imf	PROPN
cblr-1726	712	3	articles	article	NOUN
cblr-1726	712	4	of	of	ADP
cblr-1726	712	5	agreement	agreement	NOUN
cblr-1726	712	6	do	do	AUX
cblr-1726	712	7	not	not	PART
cblr-1726	712	8	prohibit	prohibit	VERB
cblr-1726	712	9	the	the	DET
cblr-1726	712	10	use	use	NOUN
cblr-1726	712	11	of	of	ADP
cblr-1726	712	12	a	a	DET
cblr-1726	712	13	currency	currency	NOUN
cblr-1726	712	14	issued	issue	VERB
cblr-1726	712	15	by	by	ADP
cblr-1726	712	16	one	one	NUM
cblr-1726	712	17	member	member	NOUN
cblr-1726	712	18	state	state	NOUN
cblr-1726	712	19	as	as	ADP
cblr-1726	712	20	legal	legal	ADJ
cblr-1726	712	21	tender	tender	NOUN
cblr-1726	712	22	in	in	ADP
cblr-1726	712	23	another	another	DET
cblr-1726	712	24	member	member	NOUN
cblr-1726	712	25	state.181	state.181	PROPN
cblr-1726	712	26	similarly	similarly	ADV
cblr-1726	712	27	,	,	PUNCT
cblr-1726	712	28	while	while	SCONJ
cblr-1726	712	29	customary	customary	ADJ
cblr-1726	712	30	international	international	ADJ
cblr-1726	712	31	law	law	NOUN
cblr-1726	712	32	recognizes	recognize	VERB
cblr-1726	712	33	the	the	DET
cblr-1726	712	34	sovereignty	sovereignty	NOUN
cblr-1726	712	35	of	of	ADP
cblr-1726	712	36	states	state	NOUN
cblr-1726	712	37	over	over	ADP
cblr-1726	712	38	monetary	monetary	ADJ
cblr-1726	712	39	affairs	affair	NOUN
cblr-1726	712	40	,	,	PUNCT
cblr-1726	712	41	it	it	PRON
cblr-1726	712	42	does	do	AUX
cblr-1726	712	43	not	not	PART
cblr-1726	712	44	provide	provide	VERB
cblr-1726	712	45	a	a	DET
cblr-1726	712	46	clear	clear	ADJ
cblr-1726	712	47	basis	basis	NOUN
cblr-1726	712	48	for	for	ADP
cblr-1726	712	49	incursions	incursion	NOUN
cblr-1726	712	50	into	into	ADP
cblr-1726	712	51	the	the	DET
cblr-1726	712	52	monetary	monetary	ADJ
cblr-1726	712	53	sovereignty	sovereignty	NOUN
cblr-1726	712	54	of	of	ADP
cblr-1726	712	55	another	another	DET
cblr-1726	712	56	state	state	NOUN
cblr-1726	712	57	for	for	ADP
cblr-1726	712	58	the	the	DET
cblr-1726	712	59	purpose	purpose	NOUN
cblr-1726	712	60	of	of	ADP
cblr-1726	712	61	restricting	restrict	VERB
cblr-1726	712	62	the	the	DET
cblr-1726	712	63	use	use	NOUN
cblr-1726	712	64	of	of	ADP
cblr-1726	712	65	foreign	foreign	ADJ
cblr-1726	712	66	currencies.182	currencies.182	NOUN
cblr-1726	712	67	what	what	PRON
cblr-1726	712	68	is	be	AUX
cblr-1726	712	69	more	more	ADJ
cblr-1726	712	70	,	,	PUNCT
cblr-1726	712	71	neither	neither	CCONJ
cblr-1726	712	72	the	the	DET
cblr-1726	712	73	imf	imf	PROPN
cblr-1726	712	74	articles	article	NOUN
cblr-1726	712	75	of	of	ADP
cblr-1726	712	76	agreement	agreement	NOUN
cblr-1726	712	77	nor	nor	CCONJ
cblr-1726	712	78	customary	customary	ADJ
cblr-1726	712	79	international	international	ADJ
cblr-1726	712	80	law	law	NOUN
cblr-1726	712	81	explicitly	explicitly	ADV
cblr-1726	712	82	address	address	VERB
cblr-1726	712	83	the	the	DET
cblr-1726	712	84	issue	issue	NOUN
cblr-1726	712	85	of	of	ADP
cblr-1726	712	86	private	private	ADJ
cblr-1726	712	87	money	money	NOUN
cblr-1726	712	88	creation.183	creation.183	NOUN
cblr-1726	712	89	as	as	ADP
cblr-1726	712	90	a	a	DET
cblr-1726	712	91	result	result	NOUN
cblr-1726	712	92	,	,	PUNCT
cblr-1726	712	93	any	any	DET
cblr-1726	712	94	prohibition	prohibition	NOUN
cblr-1726	712	95	would	would	AUX
cblr-1726	712	96	almost	almost	ADV
cblr-1726	712	97	cer	cer	VERB
cblr-1726	712	98	179	179	NUM
cblr-1726	713	1	i	i	PRON
cblr-1726	713	2	d.	d.	PROPN
cblr-1726	713	3	at	at	ADP
cblr-1726	713	4	226	226	NUM
cblr-1726	713	5	.	.	PUNCT
cblr-1726	714	1	180	180	NUM
cblr-1726	714	2	i	i	PROPN
cblr-1726	714	3	d.	d.	PROPN
cblr-1726	714	4	at	at	ADP
cblr-1726	714	5	239	239	NUM
cblr-1726	714	6	.	.	PUNCT
cblr-1726	714	7	181	181	NUM
cblr-1726	714	8	for	for	ADP
cblr-1726	714	9	the	the	DET
cblr-1726	714	10	analysis	analysis	NOUN
cblr-1726	714	11	of	of	ADP
cblr-1726	714	12	one	one	NUM
cblr-1726	714	13	former	former	ADJ
cblr-1726	714	14	imf	imf	PROPN
cblr-1726	714	15	general	general	ADJ
cblr-1726	714	16	counsel	counsel	NOUN
cblr-1726	714	17	on	on	ADP
cblr-1726	714	18	this	this	DET
cblr-1726	714	19	point	point	NOUN
cblr-1726	714	20	,	,	PUNCT
cblr-1726	714	21	see	see	VERB
cblr-1726	714	22	françois	françois	PROPN
cblr-1726	714	23	gianviti	gianviti	PROPN
cblr-1726	714	24	,	,	PUNCT
cblr-1726	714	25	use	use	NOUN
cblr-1726	714	26	of	of	ADP
cblr-1726	714	27	a	a	DET
cblr-1726	714	28	foreign	foreign	ADJ
cblr-1726	714	29	currency	currency	NOUN
cblr-1726	714	30	under	under	ADP
cblr-1726	714	31	the	the	DET
cblr-1726	714	32	imf	imf	PROPN
cblr-1726	714	33	’s	’s	PART
cblr-1726	714	34	articles	article	NOUN
cblr-1726	714	35	of	of	ADP
cblr-1726	714	36	agreement	agreement	NOUN
cblr-1726	714	37	,	,	PUNCT
cblr-1726	714	38	in	in	ADP
cblr-1726	714	39	3	3	NUM
cblr-1726	714	40	current	current	ADJ
cblr-1726	714	41	developments	development	NOUN
cblr-1726	714	42	in	in	ADP
cblr-1726	714	43	monetary	monetary	ADJ
cblr-1726	714	44	and	and	CCONJ
cblr-1726	714	45	financial	financial	ADJ
cblr-1726	714	46	law	law	NOUN
cblr-1726	714	47	817	817	NUM
cblr-1726	714	48	(	(	PUNCT
cblr-1726	714	49	2005	2005	NUM
cblr-1726	714	50	)	)	PUNCT
cblr-1726	714	51	.	.	PUNCT
cblr-1726	715	1	182	182	NUM
cblr-1726	715	2	lastra	lastra	PROPN
cblr-1726	715	3	,	,	PUNCT
cblr-1726	715	4	supra	supra	PROPN
cblr-1726	715	5	note	note	PROPN
cblr-1726	715	6	7	7	NUM
cblr-1726	715	7	,	,	PUNCT
cblr-1726	715	8	at	at	ADP
cblr-1726	715	9	17	17	NUM
cblr-1726	715	10	(	(	PUNCT
cblr-1726	715	11	“	"	PUNCT
cblr-1726	715	12	with	with	ADP
cblr-1726	715	13	regard	regard	NOUN
cblr-1726	715	14	to	to	ADP
cblr-1726	715	15	the	the	DET
cblr-1726	715	16	question	question	NOUN
cblr-1726	715	17	of	of	ADP
cblr-1726	715	18	whether	whether	SCONJ
cblr-1726	715	19	the	the	DET
cblr-1726	715	20	issuer	issuer	NOUN
cblr-1726	715	21	of	of	ADP
cblr-1726	715	22	a	a	DET
cblr-1726	715	23	currency	currency	NOUN
cblr-1726	715	24	may	may	AUX
cblr-1726	715	25	prohibit	prohibit	VERB
cblr-1726	715	26	the	the	DET
cblr-1726	715	27	use	use	NOUN
cblr-1726	715	28	of	of	ADP
cblr-1726	715	29	its	its	PRON
cblr-1726	715	30	currency	currency	NOUN
cblr-1726	715	31	by	by	ADP
cblr-1726	715	32	another	another	DET
cblr-1726	715	33	country	country	NOUN
cblr-1726	715	34	,	,	PUNCT
cblr-1726	715	35	there	there	PRON
cblr-1726	715	36	is	be	VERB
cblr-1726	715	37	at	at	ADP
cblr-1726	715	38	present	present	ADJ
cblr-1726	715	39	no	no	DET
cblr-1726	715	40	basis	basis	NOUN
cblr-1726	715	41	in	in	ADP
cblr-1726	715	42	international	international	ADJ
cblr-1726	715	43	law	law	NOUN
cblr-1726	715	44	to	to	PART
cblr-1726	715	45	support	support	VERB
cblr-1726	715	46	the	the	DET
cblr-1726	715	47	view	view	NOUN
cblr-1726	715	48	that	that	SCONJ
cblr-1726	715	49	the	the	DET
cblr-1726	715	50	issuer	issuer	NOUN
cblr-1726	715	51	may	may	AUX
cblr-1726	715	52	object	object	VERB
cblr-1726	715	53	to	to	ADP
cblr-1726	715	54	the	the	DET
cblr-1726	715	55	currency	currency	NOUN
cblr-1726	715	56	being	be	AUX
cblr-1726	715	57	used	use	VERB
cblr-1726	715	58	by	by	ADP
cblr-1726	715	59	other	other	ADJ
cblr-1726	715	60	countries	country	NOUN
cblr-1726	715	61	.	.	PUNCT
cblr-1726	715	62	”	"	PUNCT
cblr-1726	715	63	)	)	PUNCT
cblr-1726	715	64	.	.	PUNCT
cblr-1726	716	1	consistent	consistent	ADJ
cblr-1726	716	2	with	with	ADP
cblr-1726	716	3	this	this	DET
cblr-1726	716	4	position	position	NOUN
cblr-1726	716	5	,	,	PUNCT
cblr-1726	716	6	courts	court	NOUN
cblr-1726	716	7	in	in	ADP
cblr-1726	716	8	the	the	DET
cblr-1726	716	9	united	united	PROPN
cblr-1726	716	10	states	states	PROPN
cblr-1726	716	11	have	have	AUX
cblr-1726	716	12	explicitly	explicitly	ADV
cblr-1726	716	13	acknowledged	acknowledge	VERB
cblr-1726	716	14	the	the	DET
cblr-1726	716	15	right	right	NOUN
cblr-1726	716	16	of	of	ADP
cblr-1726	716	17	the	the	DET
cblr-1726	716	18	u.s	u.s	PROPN
cblr-1726	716	19	.	.	PROPN
cblr-1726	716	20	government	government	NOUN
cblr-1726	716	21	to	to	PART
cblr-1726	716	22	designate	designate	VERB
cblr-1726	716	23	foreign	foreign	ADJ
cblr-1726	716	24	currencies	currency	NOUN
cblr-1726	716	25	as	as	ADP
cblr-1726	716	26	legal	legal	ADJ
cblr-1726	716	27	tender	tender	NOUN
cblr-1726	716	28	without	without	ADP
cblr-1726	716	29	the	the	DET
cblr-1726	716	30	consent	consent	NOUN
cblr-1726	716	31	of	of	ADP
cblr-1726	716	32	the	the	DET
cblr-1726	716	33	issuing	issue	VERB
cblr-1726	716	34	country	country	NOUN
cblr-1726	716	35	.	.	PUNCT
cblr-1726	717	1	see	see	VERB
cblr-1726	717	2	tyson	tyson	PROPN
cblr-1726	717	3	v.	v.	PROPN
cblr-1726	717	4	united	united	PROPN
cblr-1726	717	5	states	states	PROPN
cblr-1726	717	6	,	,	PUNCT
cblr-1726	717	7	285	285	NUM
cblr-1726	717	8	f.2d	f.2d	NUM
cblr-1726	717	9	19	19	NUM
cblr-1726	717	10	,	,	PUNCT
cblr-1726	717	11	22	22	NUM
cblr-1726	717	12	(	(	PUNCT
cblr-1726	717	13	10th	10th	ADJ
cblr-1726	717	14	cir	cir	NOUN
cblr-1726	717	15	.	.	PUNCT
cblr-1726	717	16	1960	1960	NUM
cblr-1726	717	17	)	)	PUNCT
cblr-1726	717	18	.	.	PUNCT
cblr-1726	718	1	183	183	NUM
cblr-1726	718	2	in	in	ADP
cblr-1726	718	3	this	this	DET
cblr-1726	718	4	respect	respect	NOUN
cblr-1726	718	5	,	,	PUNCT
cblr-1726	718	6	the	the	DET
cblr-1726	718	7	threat	threat	NOUN
cblr-1726	718	8	that	that	PRON
cblr-1726	718	9	a	a	DET
cblr-1726	718	10	contract	contract	NOUN
cblr-1726	718	11	creating	create	VERB
cblr-1726	718	12	a	a	DET
cblr-1726	718	13	eurodollar	eurodollar	ADJ
cblr-1726	718	14	liability	liability	NOUN
cblr-1726	718	15	may	may	AUX
cblr-1726	718	16	be	be	AUX
cblr-1726	718	17	invalidated	invalidate	VERB
cblr-1726	718	18	under	under	ADP
cblr-1726	718	19	private	private	ADJ
cblr-1726	718	20	international	international	ADJ
cblr-1726	718	21	law	law	NOUN
cblr-1726	718	22	—	—	PUNCT
cblr-1726	718	23	e.g.	e.g.	ADV
cblr-1726	718	24	,	,	PUNCT
cblr-1726	718	25	that	that	SCONJ
cblr-1726	718	26	the	the	DET
cblr-1726	718	27	awrey	awrey	NOUN
cblr-1726	718	28	–	–	PUNCT
cblr-1726	718	29	final	final	ADJ
cblr-1726	718	30	988	988	NUM
cblr-1726	718	31	columbia	columbia	PROPN
cblr-1726	718	32	business	business	NOUN
cblr-1726	718	33	law	law	PROPN
cblr-1726	718	34	review	review	NOUN
cblr-1726	719	1	[	[	X
cblr-1726	719	2	vol	vol	NOUN
cblr-1726	719	3	.	.	NOUN
cblr-1726	719	4	2017	2017	NUM
cblr-1726	719	5	tainly	tainly	ADV
cblr-1726	719	6	need	need	VERB
cblr-1726	719	7	to	to	PART
cblr-1726	719	8	take	take	VERB
cblr-1726	719	9	the	the	DET
cblr-1726	719	10	form	form	NOUN
cblr-1726	719	11	of	of	ADP
cblr-1726	719	12	unilateral	unilateral	ADJ
cblr-1726	719	13	restrictions	restriction	NOUN
cblr-1726	719	14	on	on	ADP
cblr-1726	719	15	market	market	NOUN
cblr-1726	719	16	access	access	NOUN
cblr-1726	719	17	:	:	PUNCT
cblr-1726	719	18	for	for	ADP
cblr-1726	719	19	example	example	NOUN
cblr-1726	719	20	,	,	PUNCT
cblr-1726	719	21	denying	deny	VERB
cblr-1726	719	22	foreign	foreign	ADJ
cblr-1726	719	23	banks	bank	NOUN
cblr-1726	719	24	and	and	CCONJ
cblr-1726	719	25	other	other	ADJ
cblr-1726	719	26	financial	financial	ADJ
cblr-1726	719	27	institutions	institution	NOUN
cblr-1726	719	28	that	that	PRON
cblr-1726	719	29	issue	issue	VERB
cblr-1726	719	30	eurodollar	eurodollar	ADJ
cblr-1726	719	31	liabilities	liability	NOUN
cblr-1726	719	32	(	(	PUNCT
cblr-1726	719	33	and	and	CCONJ
cblr-1726	719	34	their	their	PRON
cblr-1726	719	35	affiliates	affiliate	NOUN
cblr-1726	719	36	)	)	PUNCT
cblr-1726	719	37	access	access	NOUN
cblr-1726	719	38	to	to	ADP
cblr-1726	719	39	both	both	CCONJ
cblr-1726	719	40	the	the	DET
cblr-1726	719	41	federal	federal	PROPN
cblr-1726	719	42	reserve	reserve	PROPN
cblr-1726	719	43	’s	’s	PART
cblr-1726	719	44	ela	ela	PROPN
cblr-1726	719	45	and	and	CCONJ
cblr-1726	719	46	other	other	ADJ
cblr-1726	719	47	liquidity	liquidity	NOUN
cblr-1726	719	48	facilities	facility	NOUN
cblr-1726	719	49	,	,	PUNCT
cblr-1726	719	50	as	as	ADV
cblr-1726	719	51	well	well	ADV
cblr-1726	719	52	as	as	ADP
cblr-1726	719	53	the	the	DET
cblr-1726	719	54	u.s	u.s	PROPN
cblr-1726	719	55	.	.	PROPN
cblr-1726	719	56	dollar	dollar	NOUN
cblr-1726	719	57	clearing	clearing	NOUN
cblr-1726	719	58	services	service	NOUN
cblr-1726	719	59	provided	provide	VERB
cblr-1726	719	60	by	by	ADP
cblr-1726	719	61	domestic	domestic	ADJ
cblr-1726	719	62	banks.184	banks.184	NOUN
cblr-1726	719	63	in	in	ADP
cblr-1726	719	64	theory	theory	NOUN
cblr-1726	719	65	,	,	PUNCT
cblr-1726	719	66	a	a	DET
cblr-1726	719	67	unilateral	unilateral	ADJ
cblr-1726	719	68	prohibition	prohibition	NOUN
cblr-1726	719	69	would	would	AUX
cblr-1726	719	70	serve	serve	VERB
cblr-1726	719	71	to	to	PART
cblr-1726	719	72	shift	shift	VERB
cblr-1726	719	73	the	the	DET
cblr-1726	719	74	risk	risk	NOUN
cblr-1726	719	75	of	of	ADP
cblr-1726	719	76	foreign	foreign	ADJ
cblr-1726	719	77	currency	currency	NOUN
cblr-1726	719	78	liquidity	liquidity	NOUN
cblr-1726	719	79	problems	problem	NOUN
cblr-1726	719	80	to	to	ADP
cblr-1726	719	81	the	the	DET
cblr-1726	719	82	financial	financial	ADJ
cblr-1726	719	83	institutions	institution	NOUN
cblr-1726	719	84	that	that	PRON
cblr-1726	719	85	issued	issue	VERB
cblr-1726	719	86	eurodollar	eurodollar	PROPN
cblr-1726	719	87	liabilities	liability	NOUN
cblr-1726	719	88	and	and	CCONJ
cblr-1726	719	89	,	,	PUNCT
cblr-1726	719	90	ultimately	ultimately	ADV
cblr-1726	719	91	,	,	PUNCT
cblr-1726	719	92	to	to	ADP
cblr-1726	719	93	the	the	DET
cblr-1726	719	94	jurisdictions	jurisdiction	NOUN
cblr-1726	719	95	that	that	PRON
cblr-1726	719	96	permitted	permit	VERB
cblr-1726	719	97	them	they	PRON
cblr-1726	719	98	to	to	PART
cblr-1726	719	99	do	do	VERB
cblr-1726	719	100	so	so	ADV
cblr-1726	719	101	.	.	PUNCT
cblr-1726	720	1	in	in	ADP
cblr-1726	720	2	practice	practice	NOUN
cblr-1726	720	3	,	,	PUNCT
cblr-1726	720	4	however	however	ADV
cblr-1726	720	5	,	,	PUNCT
cblr-1726	720	6	the	the	DET
cblr-1726	720	7	impact	impact	NOUN
cblr-1726	720	8	of	of	ADP
cblr-1726	720	9	this	this	DET
cblr-1726	720	10	unilateral	unilateral	ADJ
cblr-1726	720	11	prohibition	prohibition	NOUN
cblr-1726	720	12	is	be	AUX
cblr-1726	720	13	likely	likely	ADJ
cblr-1726	720	14	to	to	PART
cblr-1726	720	15	be	be	AUX
cblr-1726	720	16	relatively	relatively	ADV
cblr-1726	720	17	modest	modest	ADJ
cblr-1726	720	18	insofar	insofar	ADV
cblr-1726	720	19	as	as	SCONJ
cblr-1726	720	20	foreign	foreign	ADJ
cblr-1726	720	21	institutions	institution	NOUN
cblr-1726	720	22	still	still	ADV
cblr-1726	720	23	enjoyed	enjoy	VERB
cblr-1726	720	24	access	access	NOUN
cblr-1726	720	25	to	to	ADP
cblr-1726	720	26	u.s	u.s	PROPN
cblr-1726	720	27	.	.	PROPN
cblr-1726	720	28	dollar	dollar	PROPN
cblr-1726	720	29	liquidity	liquidity	NOUN
cblr-1726	720	30	through	through	ADP
cblr-1726	720	31	international	international	ADJ
cblr-1726	720	32	wholesale	wholesale	ADJ
cblr-1726	720	33	funding	funding	NOUN
cblr-1726	720	34	and	and	CCONJ
cblr-1726	720	35	f	f	X
cblr-1726	720	36	/	/	SYM
cblr-1726	720	37	x	x	VERB
cblr-1726	720	38	swap	swap	NOUN
cblr-1726	720	39	markets.185	markets.185	NOUN
cblr-1726	720	40	somewhat	somewhat	ADV
cblr-1726	720	41	perversely	perversely	ADV
cblr-1726	720	42	,	,	PUNCT
cblr-1726	720	43	then	then	ADV
cblr-1726	720	44	,	,	PUNCT
cblr-1726	720	45	by	by	ADP
cblr-1726	720	46	increasing	increase	VERB
cblr-1726	720	47	the	the	DET
cblr-1726	720	48	reliance	reliance	NOUN
cblr-1726	720	49	of	of	ADP
cblr-1726	720	50	foreign	foreign	ADJ
cblr-1726	720	51	institutions	institution	NOUN
cblr-1726	720	52	on	on	ADP
cblr-1726	720	53	these	these	DET
cblr-1726	720	54	markets	market	NOUN
cblr-1726	720	55	,	,	PUNCT
cblr-1726	720	56	restrictions	restriction	NOUN
cblr-1726	720	57	on	on	ADP
cblr-1726	720	58	market	market	NOUN
cblr-1726	720	59	access	access	NOUN
cblr-1726	720	60	may	may	AUX
cblr-1726	720	61	only	only	ADV
cblr-1726	720	62	serve	serve	VERB
cblr-1726	720	63	to	to	PART
cblr-1726	720	64	amplify	amplify	VERB
cblr-1726	720	65	the	the	DET
cblr-1726	720	66	instability	instability	NOUN
cblr-1726	720	67	associated	associate	VERB
cblr-1726	720	68	with	with	ADP
cblr-1726	720	69	widespread	widespread	ADJ
cblr-1726	720	70	market	market	NOUN
cblr-1726	720	71	breakdown	breakdown	NOUN
cblr-1726	720	72	.	.	PUNCT
cblr-1726	721	1	the	the	DET
cblr-1726	721	2	second	second	ADJ
cblr-1726	721	3	avenue	avenue	NOUN
cblr-1726	721	4	would	would	AUX
cblr-1726	721	5	be	be	AUX
cblr-1726	721	6	to	to	PART
cblr-1726	721	7	negotiate	negotiate	VERB
cblr-1726	721	8	a	a	DET
cblr-1726	721	9	multilateral	multilateral	ADJ
cblr-1726	721	10	agreement	agreement	NOUN
cblr-1726	721	11	pursuant	pursuant	ADJ
cblr-1726	721	12	to	to	ADP
cblr-1726	721	13	which	which	PRON
cblr-1726	721	14	signatory	signatory	NOUN
cblr-1726	721	15	states	state	NOUN
cblr-1726	721	16	agreed	agree	VERB
cblr-1726	721	17	to	to	PART
cblr-1726	721	18	prohibit	prohibit	VERB
cblr-1726	721	19	domestic	domestic	ADJ
cblr-1726	721	20	financial	financial	ADJ
cblr-1726	721	21	institutions	institution	NOUN
cblr-1726	721	22	from	from	ADP
cblr-1726	721	23	issuing	issue	VERB
cblr-1726	721	24	eurodollar	eurodollar	PROPN
cblr-1726	721	25	liabilities.186	liabilities.186	PROPN
cblr-1726	721	26	where	where	SCONJ
cblr-1726	721	27	the	the	DET
cblr-1726	721	28	signatories	signatory	NOUN
cblr-1726	721	29	to	to	ADP
cblr-1726	721	30	this	this	DET
cblr-1726	721	31	agreement	agreement	NOUN
cblr-1726	721	32	include	include	VERB
cblr-1726	721	33	the	the	DET
cblr-1726	721	34	governments	government	NOUN
cblr-1726	721	35	of	of	ADP
cblr-1726	721	36	other	other	ADJ
cblr-1726	721	37	major	major	ADJ
cblr-1726	721	38	international	international	ADJ
cblr-1726	721	39	financial	financial	ADJ
cblr-1726	721	40	centers	center	NOUN
cblr-1726	721	41	,	,	PUNCT
cblr-1726	721	42	this	this	DET
cblr-1726	721	43	avenue	avenue	NOUN
cblr-1726	721	44	would	would	AUX
cblr-1726	721	45	have	have	VERB
cblr-1726	721	46	the	the	DET
cblr-1726	721	47	effect	effect	NOUN
cblr-1726	721	48	of	of	ADP
cblr-1726	721	49	bringing	bring	VERB
cblr-1726	721	50	interna	interna	PROPN
cblr-1726	721	51	u.s	u.s	PROPN
cblr-1726	721	52	.	.	PROPN
cblr-1726	721	53	prohibition	prohibition	NOUN
cblr-1726	721	54	would	would	AUX
cblr-1726	721	55	be	be	AUX
cblr-1726	721	56	applied	apply	VERB
cblr-1726	721	57	on	on	ADP
cblr-1726	721	58	an	an	DET
cblr-1726	721	59	extraterritorial	extraterritorial	ADJ
cblr-1726	721	60	basis	basis	NOUN
cblr-1726	721	61	—	—	PUNCT
cblr-1726	721	62	may	may	AUX
cblr-1726	721	63	prove	prove	VERB
cblr-1726	721	64	more	more	ADV
cblr-1726	721	65	effective	effective	ADJ
cblr-1726	721	66	in	in	ADP
cblr-1726	721	67	disrupting	disrupt	VERB
cblr-1726	721	68	the	the	DET
cblr-1726	721	69	eurodollar	eurodollar	ADJ
cblr-1726	721	70	market	market	NOUN
cblr-1726	721	71	.	.	PUNCT
cblr-1726	722	1	for	for	ADP
cblr-1726	722	2	a	a	DET
cblr-1726	722	3	discussion	discussion	NOUN
cblr-1726	722	4	of	of	ADP
cblr-1726	722	5	the	the	DET
cblr-1726	722	6	use	use	NOUN
cblr-1726	722	7	of	of	ADP
cblr-1726	722	8	private	private	ADJ
cblr-1726	722	9	international	international	ADJ
cblr-1726	722	10	law	law	NOUN
cblr-1726	722	11	as	as	ADP
cblr-1726	722	12	a	a	DET
cblr-1726	722	13	mechanism	mechanism	NOUN
cblr-1726	722	14	for	for	ADP
cblr-1726	722	15	constraining	constrain	VERB
cblr-1726	722	16	international	international	ADJ
cblr-1726	722	17	regulatory	regulatory	ADJ
cblr-1726	722	18	arbitrage	arbitrage	NOUN
cblr-1726	722	19	,	,	PUNCT
cblr-1726	722	20	see	see	VERB
cblr-1726	722	21	annelise	annelise	PROPN
cblr-1726	722	22	riles	rile	VERB
cblr-1726	722	23	,	,	PUNCT
cblr-1726	722	24	managing	manage	VERB
cblr-1726	722	25	regulatory	regulatory	ADJ
cblr-1726	722	26	arbitrage	arbitrage	NOUN
cblr-1726	722	27	:	:	PUNCT
cblr-1726	722	28	a	a	DET
cblr-1726	722	29	conflicts	conflict	NOUN
cblr-1726	722	30	of	of	ADP
cblr-1726	722	31	law	law	NOUN
cblr-1726	722	32	approach	approach	NOUN
cblr-1726	722	33	,	,	PUNCT
cblr-1726	722	34	47	47	NUM
cblr-1726	722	35	cornell	cornell	PROPN
cblr-1726	722	36	int’l	int’l	NUM
cblr-1726	722	37	l.	l.	PROPN
cblr-1726	722	38	j.	j.	PROPN
cblr-1726	722	39	63	63	NUM
cblr-1726	722	40	(	(	PUNCT
cblr-1726	722	41	2014	2014	NUM
cblr-1726	722	42	)	)	PUNCT
cblr-1726	722	43	.	.	PUNCT
cblr-1726	723	1	184	184	NUM
cblr-1726	723	2	see	see	VERB
cblr-1726	723	3	ricks	rick	NOUN
cblr-1726	723	4	,	,	PUNCT
cblr-1726	723	5	supra	supra	PROPN
cblr-1726	723	6	note	note	NOUN
cblr-1726	723	7	79	79	NUM
cblr-1726	723	8	,	,	PUNCT
cblr-1726	723	9	at	at	ADP
cblr-1726	723	10	239	239	NUM
cblr-1726	723	11	.	.	PUNCT
cblr-1726	724	1	in	in	ADP
cblr-1726	724	2	theory	theory	NOUN
cblr-1726	724	3	,	,	PUNCT
cblr-1726	724	4	of	of	ADP
cblr-1726	724	5	course	course	NOUN
cblr-1726	724	6	,	,	PUNCT
cblr-1726	724	7	these	these	DET
cblr-1726	724	8	market	market	NOUN
cblr-1726	724	9	access	access	NOUN
cblr-1726	724	10	restrictions	restriction	NOUN
cblr-1726	724	11	could	could	AUX
cblr-1726	724	12	be	be	AUX
cblr-1726	724	13	even	even	ADV
cblr-1726	724	14	broader	broad	ADJ
cblr-1726	724	15	:	:	PUNCT
cblr-1726	724	16	encompassing	encompass	VERB
cblr-1726	724	17	not	not	PART
cblr-1726	724	18	only	only	ADV
cblr-1726	724	19	u.s	u.s	PROPN
cblr-1726	724	20	.	.	PROPN
cblr-1726	724	21	dollar	dollar	NOUN
cblr-1726	724	22	clearing	clearing	NOUN
cblr-1726	724	23	services	service	NOUN
cblr-1726	724	24	,	,	PUNCT
cblr-1726	724	25	but	but	CCONJ
cblr-1726	724	26	also	also	ADV
cblr-1726	724	27	restrictions	restriction	NOUN
cblr-1726	724	28	on	on	ADP
cblr-1726	724	29	the	the	DET
cblr-1726	724	30	ability	ability	NOUN
cblr-1726	724	31	to	to	PART
cblr-1726	724	32	conduct	conduct	VERB
cblr-1726	724	33	any	any	DET
cblr-1726	724	34	business	business	NOUN
cblr-1726	724	35	in	in	ADP
cblr-1726	724	36	u.s	u.s	PROPN
cblr-1726	724	37	.	.	PROPN
cblr-1726	724	38	markets	market	NOUN
cblr-1726	724	39	or	or	CCONJ
cblr-1726	724	40	with	with	ADP
cblr-1726	724	41	u.s	u.s	PROPN
cblr-1726	724	42	.	.	PROPN
cblr-1726	724	43	clients	client	NOUN
cblr-1726	724	44	.	.	PUNCT
cblr-1726	725	1	185	185	NUM
cblr-1726	725	2	although	although	SCONJ
cblr-1726	725	3	the	the	DET
cblr-1726	725	4	fact	fact	NOUN
cblr-1726	725	5	that	that	SCONJ
cblr-1726	725	6	these	these	DET
cblr-1726	725	7	markets	market	NOUN
cblr-1726	725	8	are	be	AUX
cblr-1726	725	9	prone	prone	ADJ
cblr-1726	725	10	to	to	ADP
cblr-1726	725	11	breakdown	breakdown	VERB
cblr-1726	725	12	during	during	ADP
cblr-1726	725	13	periods	period	NOUN
cblr-1726	725	14	of	of	ADP
cblr-1726	725	15	widespread	widespread	ADJ
cblr-1726	725	16	panic	panic	NOUN
cblr-1726	725	17	and	and	CCONJ
cblr-1726	725	18	instability	instability	NOUN
cblr-1726	725	19	would	would	AUX
cblr-1726	725	20	almost	almost	ADV
cblr-1726	725	21	certainly	certainly	ADV
cblr-1726	725	22	contribute	contribute	VERB
cblr-1726	725	23	to	to	ADP
cblr-1726	725	24	the	the	DET
cblr-1726	725	25	build	build	NOUN
cblr-1726	725	26	-	-	PUNCT
cblr-1726	725	27	up	up	NOUN
cblr-1726	725	28	of	of	ADP
cblr-1726	725	29	risk	risk	NOUN
cblr-1726	725	30	within	within	ADP
cblr-1726	725	31	the	the	DET
cblr-1726	725	32	remaining	remain	VERB
cblr-1726	725	33	eurodollar	eurodollar	NOUN
cblr-1726	725	34	market	market	NOUN
cblr-1726	725	35	.	.	PUNCT
cblr-1726	726	1	186	186	NUM
cblr-1726	726	2	ricks	rick	NOUN
cblr-1726	726	3	,	,	PUNCT
cblr-1726	726	4	supra	supra	PROPN
cblr-1726	726	5	note	note	NOUN
cblr-1726	726	6	79	79	NUM
cblr-1726	726	7	,	,	PUNCT
cblr-1726	726	8	at	at	ADP
cblr-1726	726	9	239–40	239–40	NUM
cblr-1726	726	10	.	.	PUNCT
cblr-1726	727	1	awrey	awrey	PROPN
cblr-1726	727	2	–	–	PUNCT
cblr-1726	727	3	final	final	ADJ
cblr-1726	727	4	no	no	NOUN
cblr-1726	727	5	.	.	PUNCT
cblr-1726	728	1	3:934	3:934	X
cblr-1726	728	2	]	]	X
cblr-1726	728	3	foreign	foreign	ADJ
cblr-1726	728	4	currency	currency	NOUN
cblr-1726	728	5	liquidity	liquidity	NOUN
cblr-1726	728	6	assistance	assistance	NOUN
cblr-1726	728	7	989	989	NUM
cblr-1726	728	8	tional	tional	ADJ
cblr-1726	728	9	wholesale	wholesale	ADJ
cblr-1726	728	10	funding	funding	NOUN
cblr-1726	728	11	and	and	CCONJ
cblr-1726	728	12	f	f	X
cblr-1726	728	13	/	/	SYM
cblr-1726	728	14	x	x	VERB
cblr-1726	728	15	swap	swap	NOUN
cblr-1726	728	16	markets	market	NOUN
cblr-1726	728	17	within	within	ADP
cblr-1726	728	18	the	the	DET
cblr-1726	728	19	perimeter	perimeter	NOUN
cblr-1726	728	20	of	of	ADP
cblr-1726	728	21	this	this	DET
cblr-1726	728	22	prohibition.187	prohibition.187	NOUN
cblr-1726	728	23	simultaneously	simultaneously	ADV
cblr-1726	728	24	,	,	PUNCT
cblr-1726	728	25	of	of	ADP
cblr-1726	728	26	course	course	NOUN
cblr-1726	728	27	,	,	PUNCT
cblr-1726	728	28	a	a	DET
cblr-1726	728	29	multilateral	multilateral	ADJ
cblr-1726	728	30	agreement	agreement	NOUN
cblr-1726	728	31	constraining	constrain	VERB
cblr-1726	728	32	the	the	DET
cblr-1726	728	33	issuance	issuance	NOUN
cblr-1726	728	34	of	of	ADP
cblr-1726	728	35	eurodollar	eurodollar	PROPN
cblr-1726	728	36	liabilities	liability	NOUN
cblr-1726	728	37	may	may	AUX
cblr-1726	728	38	simply	simply	ADV
cblr-1726	728	39	serve	serve	VERB
cblr-1726	728	40	to	to	PART
cblr-1726	728	41	drive	drive	VERB
cblr-1726	728	42	these	these	DET
cblr-1726	728	43	markets	market	NOUN
cblr-1726	728	44	to	to	ADP
cblr-1726	728	45	other	other	ADJ
cblr-1726	728	46	(	(	PUNCT
cblr-1726	728	47	non	non	ADJ
cblr-1726	728	48	-	-	ADJ
cblr-1726	728	49	signatory	signatory	ADJ
cblr-1726	728	50	)	)	PUNCT
cblr-1726	728	51	states	state	NOUN
cblr-1726	728	52	.	.	PUNCT
cblr-1726	729	1	while	while	SCONJ
cblr-1726	729	2	ricks	rick	NOUN
cblr-1726	729	3	views	view	VERB
cblr-1726	729	4	this	this	DET
cblr-1726	729	5	multilateral	multilateral	ADJ
cblr-1726	729	6	avenue	avenue	NOUN
cblr-1726	729	7	as	as	ADP
cblr-1726	729	8	more	more	ADV
cblr-1726	729	9	promising	promising	ADJ
cblr-1726	729	10	,	,	PUNCT
cblr-1726	729	11	the	the	DET
cblr-1726	729	12	likelihood	likelihood	NOUN
cblr-1726	729	13	of	of	ADP
cblr-1726	729	14	reaching	reach	VERB
cblr-1726	729	15	an	an	DET
cblr-1726	729	16	agreement	agreement	NOUN
cblr-1726	729	17	—	—	PUNCT
cblr-1726	729	18	to	to	PART
cblr-1726	729	19	say	say	VERB
cblr-1726	729	20	nothing	nothing	PRON
cblr-1726	729	21	of	of	ADP
cblr-1726	729	22	its	its	PRON
cblr-1726	729	23	effectiveness	effectiveness	NOUN
cblr-1726	729	24	—	—	PUNCT
cblr-1726	729	25	would	would	AUX
cblr-1726	729	26	ultimately	ultimately	ADV
cblr-1726	729	27	hinge	hinge	VERB
cblr-1726	729	28	on	on	ADP
cblr-1726	729	29	the	the	DET
cblr-1726	729	30	potential	potential	NOUN
cblr-1726	729	31	for	for	ADP
cblr-1726	729	32	this	this	DET
cblr-1726	729	33	type	type	NOUN
cblr-1726	729	34	of	of	ADP
cblr-1726	729	35	regulatory	regulatory	ADJ
cblr-1726	729	36	arbitrage	arbitrage	NOUN
cblr-1726	729	37	and	and	CCONJ
cblr-1726	729	38	the	the	DET
cblr-1726	729	39	corresponding	corresponding	ADJ
cblr-1726	729	40	threat	threat	NOUN
cblr-1726	729	41	that	that	SCONJ
cblr-1726	729	42	the	the	DET
cblr-1726	729	43	issuance	issuance	NOUN
cblr-1726	729	44	of	of	ADP
cblr-1726	729	45	eurodollar	eurodollar	PROPN
cblr-1726	729	46	liabilities	liability	NOUN
cblr-1726	729	47	outside	outside	ADP
cblr-1726	729	48	the	the	DET
cblr-1726	729	49	perimeter	perimeter	NOUN
cblr-1726	729	50	of	of	ADP
cblr-1726	729	51	the	the	DET
cblr-1726	729	52	prohibition	prohibition	NOUN
cblr-1726	729	53	would	would	AUX
cblr-1726	729	54	undermine	undermine	VERB
cblr-1726	729	55	financial	financial	ADJ
cblr-1726	729	56	stability	stability	NOUN
cblr-1726	729	57	within	within	ADP
cblr-1726	729	58	signatory	signatory	NOUN
cblr-1726	729	59	states.188	states.188	NUM
cblr-1726	729	60	there	there	PRON
cblr-1726	729	61	is	be	VERB
cblr-1726	729	62	compelling	compelling	ADJ
cblr-1726	729	63	logic	logic	NOUN
cblr-1726	729	64	in	in	ADP
cblr-1726	729	65	ricks	rick	NOUN
cblr-1726	729	66	’	'	PUNCT
cblr-1726	729	67	argument	argument	NOUN
cblr-1726	729	68	that	that	SCONJ
cblr-1726	729	69	strengthening	strengthen	VERB
cblr-1726	729	70	sovereign	sovereign	ADJ
cblr-1726	729	71	authority	authority	NOUN
cblr-1726	729	72	over	over	ADP
cblr-1726	729	73	private	private	ADJ
cblr-1726	729	74	money	money	NOUN
cblr-1726	729	75	creation	creation	NOUN
cblr-1726	729	76	would	would	AUX
cblr-1726	729	77	yield	yield	VERB
cblr-1726	729	78	significant	significant	ADJ
cblr-1726	729	79	benefits	benefit	NOUN
cblr-1726	729	80	from	from	ADP
cblr-1726	729	81	the	the	DET
cblr-1726	729	82	perspective	perspective	NOUN
cblr-1726	729	83	of	of	ADP
cblr-1726	729	84	domestic	domestic	ADJ
cblr-1726	729	85	financial	financial	ADJ
cblr-1726	729	86	stability	stability	NOUN
cblr-1726	729	87	.	.	PUNCT
cblr-1726	730	1	a	a	DET
cblr-1726	730	2	blanket	blanket	NOUN
cblr-1726	730	3	prohibition	prohibition	NOUN
cblr-1726	730	4	against	against	ADP
cblr-1726	730	5	the	the	DET
cblr-1726	730	6	issuance	issuance	NOUN
cblr-1726	730	7	of	of	ADP
cblr-1726	730	8	eurodollar	eurodollar	PROPN
cblr-1726	730	9	liabilities	liability	NOUN
cblr-1726	730	10	would	would	AUX
cblr-1726	730	11	shift	shift	VERB
cblr-1726	730	12	responsibility	responsibility	NOUN
cblr-1726	730	13	for	for	ADP
cblr-1726	730	14	the	the	DET
cblr-1726	730	15	provision	provision	NOUN
cblr-1726	730	16	of	of	ADP
cblr-1726	730	17	fcla	fcla	NOUN
cblr-1726	730	18	to	to	ADP
cblr-1726	730	19	the	the	DET
cblr-1726	730	20	countries	country	NOUN
cblr-1726	730	21	and	and	CCONJ
cblr-1726	730	22	financial	financial	ADJ
cblr-1726	730	23	institutions	institution	NOUN
cblr-1726	730	24	that	that	PRON
cblr-1726	730	25	failed	fail	VERB
cblr-1726	730	26	to	to	PART
cblr-1726	730	27	comply	comply	VERB
cblr-1726	730	28	with	with	ADP
cblr-1726	730	29	the	the	DET
cblr-1726	730	30	prohibition	prohibition	NOUN
cblr-1726	730	31	,	,	PUNCT
cblr-1726	730	32	thereby	thereby	ADV
cblr-1726	730	33	strengthening	strengthen	VERB
cblr-1726	730	34	their	their	PRON
cblr-1726	730	35	incentives	incentive	NOUN
cblr-1726	730	36	to	to	PART
cblr-1726	730	37	more	more	ADV
cblr-1726	730	38	proactively	proactively	ADV
cblr-1726	730	39	address	address	VERB
cblr-1726	730	40	potential	potential	ADJ
cblr-1726	730	41	foreign	foreign	ADJ
cblr-1726	730	42	currency	currency	NOUN
cblr-1726	730	43	liquidity	liquidity	NOUN
cblr-1726	730	44	problems	problem	NOUN
cblr-1726	730	45	,	,	PUNCT
cblr-1726	730	46	and	and	CCONJ
cblr-1726	730	47	reducing	reduce	VERB
cblr-1726	730	48	potential	potential	ADJ
cblr-1726	730	49	moral	moral	ADJ
cblr-1726	730	50	hazard	hazard	NOUN
cblr-1726	730	51	problems	problem	NOUN
cblr-1726	730	52	.	.	PUNCT
cblr-1726	731	1	restrictions	restriction	NOUN
cblr-1726	731	2	on	on	ADP
cblr-1726	731	3	market	market	NOUN
cblr-1726	731	4	access	access	NOUN
cblr-1726	731	5	for	for	ADP
cblr-1726	731	6	foreign	foreign	ADJ
cblr-1726	731	7	banks	bank	NOUN
cblr-1726	731	8	and	and	CCONJ
cblr-1726	731	9	other	other	ADJ
cblr-1726	731	10	institutions	institution	NOUN
cblr-1726	731	11	issuing	issue	VERB
cblr-1726	731	12	eurodollar	eurodollar	ADJ
cblr-1726	731	13	liabilities	liability	NOUN
cblr-1726	731	14	would	would	AUX
cblr-1726	731	15	also	also	ADV
cblr-1726	731	16	potentially	potentially	ADV
cblr-1726	731	17	help	help	VERB
cblr-1726	731	18	reduce	reduce	VERB
cblr-1726	731	19	—	—	PUNCT
cblr-1726	731	20	although	although	SCONJ
cblr-1726	731	21	almost	almost	ADV
cblr-1726	731	22	certainly	certainly	ADV
cblr-1726	731	23	not	not	PART
cblr-1726	731	24	eliminate	eliminate	VERB
cblr-1726	731	25	—	—	PUNCT
cblr-1726	731	26	the	the	DET
cblr-1726	731	27	risk	risk	NOUN
cblr-1726	731	28	of	of	ADP
cblr-1726	731	29	cross	cross	ADJ
cblr-1726	731	30	-	-	ADJ
cblr-1726	731	31	border	border	ADJ
cblr-1726	731	32	contagion	contagion	NOUN
cblr-1726	731	33	stemming	stem	VERB
cblr-1726	731	34	from	from	ADP
cblr-1726	731	35	the	the	DET
cblr-1726	731	36	materialization	materialization	NOUN
cblr-1726	731	37	of	of	ADP
cblr-1726	731	38	foreign	foreign	ADJ
cblr-1726	731	39	currency	currency	NOUN
cblr-1726	731	40	liquidity	liquidity	NOUN
cblr-1726	731	41	problems	problem	NOUN
cblr-1726	731	42	.	.	PUNCT
cblr-1726	732	1	ultimately	ultimately	ADV
cblr-1726	732	2	,	,	PUNCT
cblr-1726	732	3	however	however	ADV
cblr-1726	732	4	,	,	PUNCT
cblr-1726	732	5	these	these	DET
cblr-1726	732	6	domestic	domestic	ADJ
cblr-1726	732	7	benefits	benefit	NOUN
cblr-1726	732	8	must	must	AUX
cblr-1726	732	9	be	be	AUX
cblr-1726	732	10	weighed	weigh	VERB
cblr-1726	732	11	against	against	ADP
cblr-1726	732	12	the	the	DET
cblr-1726	732	13	wider	wide	ADJ
cblr-1726	732	14	implications	implication	NOUN
cblr-1726	732	15	of	of	ADP
cblr-1726	732	16	abolishing	abolish	VERB
cblr-1726	732	17	the	the	DET
cblr-1726	732	18	eurodollar	eurodollar	PROPN
cblr-1726	732	19	market	market	NOUN
cblr-1726	732	20	.	.	PUNCT
cblr-1726	733	1	as	as	SCONJ
cblr-1726	733	2	this	this	DET
cblr-1726	733	3	article	article	NOUN
cblr-1726	733	4	has	have	AUX
cblr-1726	733	5	described	describe	VERB
cblr-1726	733	6	,	,	PUNCT
cblr-1726	733	7	a	a	DET
cblr-1726	733	8	significant	significant	ADJ
cblr-1726	733	9	187	187	NUM
cblr-1726	733	10	an	an	DET
cblr-1726	733	11	agreement	agreement	NOUN
cblr-1726	733	12	covering	cover	VERB
cblr-1726	733	13	the	the	DET
cblr-1726	733	14	united	united	PROPN
cblr-1726	733	15	states	states	PROPN
cblr-1726	733	16	,	,	PUNCT
cblr-1726	733	17	european	european	PROPN
cblr-1726	733	18	union	union	PROPN
cblr-1726	733	19	,	,	PUNCT
cblr-1726	733	20	united	united	ADJ
cblr-1726	733	21	kingdom	kingdom	PROPN
cblr-1726	733	22	,	,	PUNCT
cblr-1726	733	23	singapore	singapore	PROPN
cblr-1726	733	24	,	,	PUNCT
cblr-1726	733	25	hong	hong	PROPN
cblr-1726	733	26	kong	kong	PROPN
cblr-1726	733	27	,	,	PUNCT
cblr-1726	733	28	and	and	CCONJ
cblr-1726	733	29	japan	japan	PROPN
cblr-1726	733	30	,	,	PUNCT
cblr-1726	733	31	for	for	ADP
cblr-1726	733	32	example	example	NOUN
cblr-1726	733	33	,	,	PUNCT
cblr-1726	733	34	would	would	AUX
cblr-1726	733	35	cover	cover	VERB
cblr-1726	733	36	the	the	DET
cblr-1726	733	37	vast	vast	ADJ
cblr-1726	733	38	majority	majority	NOUN
cblr-1726	733	39	of	of	ADP
cblr-1726	733	40	transactions	transaction	NOUN
cblr-1726	733	41	within	within	ADP
cblr-1726	733	42	the	the	DET
cblr-1726	733	43	f	f	PROPN
cblr-1726	733	44	/	/	SYM
cblr-1726	733	45	x	x	PROPN
cblr-1726	733	46	swap	swap	NOUN
cblr-1726	733	47	market	market	NOUN
cblr-1726	733	48	.	.	PUNCT
cblr-1726	734	1	see	see	VERB
cblr-1726	734	2	bank	bank	NOUN
cblr-1726	734	3	of	of	ADP
cblr-1726	734	4	int’l	int’l	NUM
cblr-1726	734	5	settlements	settlement	NOUN
cblr-1726	734	6	,	,	PUNCT
cblr-1726	734	7	turnover	turnover	NOUN
cblr-1726	734	8	of	of	ADP
cblr-1726	734	9	otc	otc	ADJ
cblr-1726	734	10	foreign	foreign	ADJ
cblr-1726	734	11	exchange	exchange	NOUN
cblr-1726	734	12	instruments	instrument	NOUN
cblr-1726	734	13	,	,	PUNCT
cblr-1726	734	14	by	by	ADP
cblr-1726	734	15	country	country	NOUN
cblr-1726	734	16	(	(	PUNCT
cblr-1726	734	17	sept	sept	PROPN
cblr-1726	734	18	.	.	PROPN
cblr-1726	734	19	1	1	NUM
cblr-1726	734	20	,	,	PUNCT
cblr-1726	734	21	2016	2016	NUM
cblr-1726	734	22	)	)	PUNCT
cblr-1726	734	23	,	,	PUNCT
cblr-1726	734	24	http://www.bis.org/statistics/d11_2.pdf	http://www.bis.org/statistics/d11_2.pdf	PROPN
cblr-1726	735	1	[	[	X
cblr-1726	735	2	perma.cc/ek3qjehy	perma.cc/ek3qjehy	NUM
cblr-1726	735	3	]	]	PUNCT
cblr-1726	735	4	.	.	PUNCT
cblr-1726	736	1	188	188	NUM
cblr-1726	736	2	as	as	SCONJ
cblr-1726	736	3	discussed	discuss	VERB
cblr-1726	736	4	in	in	ADP
cblr-1726	736	5	greater	great	ADJ
cblr-1726	736	6	detail	detail	NOUN
cblr-1726	736	7	in	in	ADP
cblr-1726	736	8	section	section	NOUN
cblr-1726	736	9	v.c	v.c	PROPN
cblr-1726	736	10	,	,	PUNCT
cblr-1726	736	11	any	any	DET
cblr-1726	736	12	agreement	agreement	NOUN
cblr-1726	736	13	would	would	AUX
cblr-1726	736	14	also	also	ADV
cblr-1726	736	15	likely	likely	ADV
cblr-1726	736	16	need	need	VERB
cblr-1726	736	17	to	to	PART
cblr-1726	736	18	be	be	AUX
cblr-1726	736	19	accompanied	accompany	VERB
cblr-1726	736	20	by	by	ADP
cblr-1726	736	21	credible	credible	ADJ
cblr-1726	736	22	restrictions	restriction	NOUN
cblr-1726	736	23	on	on	ADP
cblr-1726	736	24	market	market	NOUN
cblr-1726	736	25	access	access	NOUN
cblr-1726	736	26	targeting	target	VERB
cblr-1726	736	27	financial	financial	ADJ
cblr-1726	736	28	institutions	institution	NOUN
cblr-1726	736	29	incorporated	incorporate	VERB
cblr-1726	736	30	and	and	CCONJ
cblr-1726	736	31	licensed	license	VERB
cblr-1726	736	32	to	to	PART
cblr-1726	736	33	carry	carry	VERB
cblr-1726	736	34	on	on	ADP
cblr-1726	736	35	business	business	NOUN
cblr-1726	736	36	in	in	ADP
cblr-1726	736	37	non	non	ADJ
cblr-1726	736	38	-	-	ADJ
cblr-1726	736	39	signatory	signatory	ADJ
cblr-1726	736	40	states	state	NOUN
cblr-1726	736	41	.	.	PUNCT
cblr-1726	737	1	awrey	awrey	PROPN
cblr-1726	737	2	–	–	PUNCT
cblr-1726	737	3	final	final	ADJ
cblr-1726	737	4	990	990	NUM
cblr-1726	737	5	columbia	columbia	PROPN
cblr-1726	737	6	business	business	NOUN
cblr-1726	737	7	law	law	PROPN
cblr-1726	737	8	review	review	NOUN
cblr-1726	738	1	[	[	X
cblr-1726	738	2	vol	vol	NOUN
cblr-1726	738	3	.	.	NOUN
cblr-1726	738	4	2017	2017	NUM
cblr-1726	738	5	proportion	proportion	NOUN
cblr-1726	738	6	of	of	ADP
cblr-1726	738	7	international	international	ADJ
cblr-1726	738	8	trade	trade	NOUN
cblr-1726	738	9	outside	outside	ADP
cblr-1726	738	10	the	the	DET
cblr-1726	738	11	united	united	PROPN
cblr-1726	738	12	states	states	PROPN
cblr-1726	738	13	is	be	AUX
cblr-1726	738	14	invoiced	invoice	VERB
cblr-1726	738	15	and	and	CCONJ
cblr-1726	738	16	settled	settle	VERB
cblr-1726	738	17	in	in	ADP
cblr-1726	738	18	u.s	u.s	PROPN
cblr-1726	738	19	.	.	PROPN
cblr-1726	738	20	dollars	dollar	NOUN
cblr-1726	738	21	.	.	PUNCT
cblr-1726	739	1	this	this	DET
cblr-1726	739	2	trade	trade	NOUN
cblr-1726	739	3	is	be	AUX
cblr-1726	739	4	often	often	ADV
cblr-1726	739	5	supported	support	VERB
cblr-1726	739	6	by	by	ADP
cblr-1726	739	7	short	short	ADJ
cblr-1726	739	8	-	-	PUNCT
cblr-1726	739	9	term	term	NOUN
cblr-1726	739	10	u.s	u.s	PROPN
cblr-1726	739	11	.	.	PROPN
cblr-1726	739	12	dollar	dollar	NOUN
cblr-1726	739	13	trade	trade	NOUN
cblr-1726	739	14	financing	financing	NOUN
cblr-1726	739	15	provided	provide	VERB
cblr-1726	739	16	by	by	ADP
cblr-1726	739	17	foreign	foreign	ADJ
cblr-1726	739	18	banks	bank	NOUN
cblr-1726	739	19	and	and	CCONJ
cblr-1726	739	20	other	other	ADJ
cblr-1726	739	21	financial	financial	ADJ
cblr-1726	739	22	institutions.189	institutions.189	PRON
cblr-1726	739	23	foreign	foreign	ADJ
cblr-1726	739	24	financial	financial	ADJ
cblr-1726	739	25	institutions	institution	NOUN
cblr-1726	739	26	are	be	AUX
cblr-1726	739	27	also	also	ADV
cblr-1726	739	28	important	important	ADJ
cblr-1726	739	29	participants	participant	NOUN
cblr-1726	739	30	in	in	ADP
cblr-1726	739	31	international	international	ADJ
cblr-1726	739	32	u.s	u.s	PROPN
cblr-1726	739	33	.	.	PROPN
cblr-1726	739	34	dollar	dollar	NOUN
cblr-1726	739	35	-	-	PUNCT
cblr-1726	739	36	denominated	denominate	VERB
cblr-1726	739	37	wholesale	wholesale	ADJ
cblr-1726	739	38	funding	funding	NOUN
cblr-1726	739	39	and	and	CCONJ
cblr-1726	739	40	f	f	X
cblr-1726	739	41	/	/	SYM
cblr-1726	739	42	x	x	VERB
cblr-1726	739	43	swap	swap	NOUN
cblr-1726	739	44	markets	market	NOUN
cblr-1726	739	45	.	.	PUNCT
cblr-1726	740	1	the	the	DET
cblr-1726	740	2	funding	funding	NOUN
cblr-1726	740	3	obtained	obtain	VERB
cblr-1726	740	4	in	in	ADP
cblr-1726	740	5	these	these	DET
cblr-1726	740	6	markets	market	NOUN
cblr-1726	740	7	is	be	AUX
cblr-1726	740	8	then	then	ADV
cblr-1726	740	9	often	often	ADV
cblr-1726	740	10	used	use	VERB
cblr-1726	740	11	to	to	PART
cblr-1726	740	12	support	support	VERB
cblr-1726	740	13	u.s	u.s	PROPN
cblr-1726	740	14	.	.	PROPN
cblr-1726	740	15	dollar	dollar	NOUN
cblr-1726	740	16	loans	loan	NOUN
cblr-1726	740	17	and	and	CCONJ
cblr-1726	740	18	other	other	ADJ
cblr-1726	740	19	investments.190	investments.190	VERB
cblr-1726	740	20	the	the	DET
cblr-1726	740	21	elimination	elimination	NOUN
cblr-1726	740	22	of	of	ADP
cblr-1726	740	23	the	the	DET
cblr-1726	740	24	eurodollar	eurodollar	PROPN
cblr-1726	740	25	market	market	NOUN
cblr-1726	740	26	would	would	AUX
cblr-1726	740	27	thus	thus	ADV
cblr-1726	740	28	necessitate	necessitate	VERB
cblr-1726	740	29	a	a	DET
cblr-1726	740	30	significant	significant	ADJ
cblr-1726	740	31	restructuring	restructuring	NOUN
cblr-1726	740	32	of	of	ADP
cblr-1726	740	33	many	many	ADJ
cblr-1726	740	34	of	of	ADP
cblr-1726	740	35	the	the	DET
cblr-1726	740	36	markets	market	NOUN
cblr-1726	740	37	and	and	CCONJ
cblr-1726	740	38	institutions	institution	NOUN
cblr-1726	740	39	at	at	ADP
cblr-1726	740	40	the	the	DET
cblr-1726	740	41	heart	heart	NOUN
cblr-1726	740	42	of	of	ADP
cblr-1726	740	43	the	the	DET
cblr-1726	740	44	global	global	ADJ
cblr-1726	740	45	financial	financial	ADJ
cblr-1726	740	46	and	and	CCONJ
cblr-1726	740	47	economic	economic	ADJ
cblr-1726	740	48	system	system	NOUN
cblr-1726	740	49	.	.	PUNCT
cblr-1726	741	1	while	while	SCONJ
cblr-1726	741	2	this	this	DET
cblr-1726	741	3	restructuring	restructuring	NOUN
cblr-1726	741	4	may	may	AUX
cblr-1726	741	5	ultimately	ultimately	ADV
cblr-1726	741	6	represent	represent	VERB
cblr-1726	741	7	a	a	DET
cblr-1726	741	8	transitional	transitional	ADJ
cblr-1726	741	9	problem	problem	NOUN
cblr-1726	741	10	,	,	PUNCT
cblr-1726	741	11	it	it	PRON
cblr-1726	741	12	is	be	AUX
cblr-1726	741	13	a	a	DET
cblr-1726	741	14	problem	problem	NOUN
cblr-1726	741	15	that	that	PRON
cblr-1726	741	16	may	may	AUX
cblr-1726	741	17	nevertheless	nevertheless	ADV
cblr-1726	741	18	trigger	trigger	VERB
cblr-1726	741	19	significant	significant	ADJ
cblr-1726	741	20	economic	economic	ADJ
cblr-1726	741	21	disruption	disruption	NOUN
cblr-1726	741	22	and	and	CCONJ
cblr-1726	741	23	financial	financial	ADJ
cblr-1726	741	24	instability	instability	NOUN
cblr-1726	741	25	.	.	PUNCT
cblr-1726	742	1	while	while	SCONJ
cblr-1726	742	2	it	it	PRON
cblr-1726	742	3	is	be	AUX
cblr-1726	742	4	obviously	obviously	ADV
cblr-1726	742	5	difficult	difficult	ADJ
cblr-1726	742	6	to	to	PART
cblr-1726	742	7	predict	predict	VERB
cblr-1726	742	8	precisely	precisely	ADV
cblr-1726	742	9	how	how	SCONJ
cblr-1726	742	10	this	this	DET
cblr-1726	742	11	restructuring	restructuring	NOUN
cblr-1726	742	12	would	would	AUX
cblr-1726	742	13	unfold	unfold	VERB
cblr-1726	742	14	,	,	PUNCT
cblr-1726	742	15	two	two	NUM
cblr-1726	742	16	possible	possible	ADJ
cblr-1726	742	17	scenarios	scenario	NOUN
cblr-1726	742	18	stand	stand	VERB
cblr-1726	742	19	out	out	ADP
cblr-1726	742	20	.	.	PUNCT
cblr-1726	743	1	these	these	DET
cblr-1726	743	2	scenarios	scenario	NOUN
cblr-1726	743	3	are	be	AUX
cblr-1726	743	4	not	not	PART
cblr-1726	743	5	mutually	mutually	ADV
cblr-1726	743	6	exclusive	exclusive	ADJ
cblr-1726	743	7	,	,	PUNCT
cblr-1726	743	8	and	and	CCONJ
cblr-1726	743	9	may	may	AUX
cblr-1726	743	10	even	even	ADV
cblr-1726	743	11	play	play	VERB
cblr-1726	743	12	out	out	ADP
cblr-1726	743	13	in	in	ADP
cblr-1726	743	14	parallel	parallel	NOUN
cblr-1726	743	15	with	with	ADP
cblr-1726	743	16	one	one	NUM
cblr-1726	743	17	another.191	another.191	NOUN
cblr-1726	743	18	in	in	ADP
cblr-1726	743	19	the	the	DET
cblr-1726	743	20	first	first	ADJ
cblr-1726	743	21	scenario	scenario	NOUN
cblr-1726	743	22	,	,	PUNCT
cblr-1726	743	23	large	large	ADJ
cblr-1726	743	24	numbers	number	NOUN
cblr-1726	743	25	of	of	ADP
cblr-1726	743	26	foreign	foreign	ADJ
cblr-1726	743	27	banks	bank	NOUN
cblr-1726	743	28	might	might	AUX
cblr-1726	743	29	seek	seek	VERB
cblr-1726	743	30	to	to	PART
cblr-1726	743	31	obtain	obtain	VERB
cblr-1726	743	32	banking	banking	NOUN
cblr-1726	743	33	licenses	license	NOUN
cblr-1726	743	34	in	in	ADP
cblr-1726	743	35	the	the	DET
cblr-1726	743	36	united	united	PROPN
cblr-1726	743	37	states	states	PROPN
cblr-1726	743	38	in	in	ADP
cblr-1726	743	39	order	order	NOUN
cblr-1726	743	40	to	to	PART
cblr-1726	743	41	ensure	ensure	VERB
cblr-1726	743	42	their	their	PRON
cblr-1726	743	43	continued	continue	VERB
cblr-1726	743	44	ability	ability	NOUN
cblr-1726	743	45	to	to	PART
cblr-1726	743	46	issue	issue	VERB
cblr-1726	743	47	u.s	u.s	PROPN
cblr-1726	743	48	.	.	PROPN
cblr-1726	743	49	dollar	dollar	NOUN
cblr-1726	743	50	denominated	denominate	VERB
cblr-1726	743	51	money	money	NOUN
cblr-1726	743	52	-	-	PUNCT
cblr-1726	743	53	claims	claim	NOUN
cblr-1726	743	54	.	.	PUNCT
cblr-1726	744	1	the	the	DET
cblr-1726	744	2	net	net	ADJ
cblr-1726	744	3	effect	effect	NOUN
cblr-1726	744	4	of	of	ADP
cblr-1726	744	5	this	this	DET
cblr-1726	744	6	migration	migration	NOUN
cblr-1726	744	7	would	would	AUX
cblr-1726	744	8	thus	thus	ADV
cblr-1726	744	9	be	be	AUX
cblr-1726	744	10	to	to	PART
cblr-1726	744	11	bring	bring	VERB
cblr-1726	744	12	the	the	DET
cblr-1726	744	13	eurodollar	eurodollar	PROPN
cblr-1726	744	14	market	market	NOUN
cblr-1726	744	15	back	back	ADP
cblr-1726	744	16	‘	'	PUNCT
cblr-1726	744	17	onshore	onshore	NOUN
cblr-1726	744	18	’	'	PUNCT
cblr-1726	744	19	.	.	PUNCT
cblr-1726	745	1	it	it	PRON
cblr-1726	745	2	would	would	AUX
cblr-1726	745	3	also	also	ADV
cblr-1726	745	4	create	create	VERB
cblr-1726	745	5	an	an	DET
cblr-1726	745	6	enormous	enormous	ADJ
cblr-1726	745	7	concentration	concentration	NOUN
cblr-1726	745	8	of	of	ADP
cblr-1726	745	9	financial	financial	ADJ
cblr-1726	745	10	and	and	CCONJ
cblr-1726	745	11	economic	economic	ADJ
cblr-1726	745	12	activity	activity	NOUN
cblr-1726	745	13	in	in	ADP
cblr-1726	745	14	one	one	NUM
cblr-1726	745	15	country	country	NOUN
cblr-1726	745	16	,	,	PUNCT
cblr-1726	745	17	further	far	ADV
cblr-1726	745	18	entrenching	entrench	VERB
cblr-1726	745	19	the	the	DET
cblr-1726	745	20	united	united	PROPN
cblr-1726	745	21	states	states	PROPN
cblr-1726	745	22	as	as	ADP
cblr-1726	745	23	the	the	DET
cblr-1726	745	24	de	de	X
cblr-1726	745	25	facto	facto	X
cblr-1726	745	26	189	189	NUM
cblr-1726	745	27	while	while	SCONJ
cblr-1726	745	28	ricks	rick	NOUN
cblr-1726	745	29	excludes	exclude	VERB
cblr-1726	745	30	“	"	PUNCT
cblr-1726	745	31	trade	trade	NOUN
cblr-1726	745	32	credit	credit	NOUN
cblr-1726	745	33	”	"	PUNCT
cblr-1726	745	34	from	from	ADP
cblr-1726	745	35	his	his	PRON
cblr-1726	745	36	definition	definition	NOUN
cblr-1726	745	37	of	of	ADP
cblr-1726	745	38	a	a	DET
cblr-1726	745	39	moneyclaim	moneyclaim	NOUN
cblr-1726	745	40	,	,	PUNCT
cblr-1726	745	41	this	this	PRON
cblr-1726	745	42	must	must	AUX
cblr-1726	745	43	be	be	AUX
cblr-1726	745	44	distinguished	distinguish	VERB
cblr-1726	745	45	from	from	ADP
cblr-1726	745	46	trade	trade	NOUN
cblr-1726	745	47	financing	financing	NOUN
cblr-1726	745	48	arrangements	arrangement	NOUN
cblr-1726	745	49	such	such	ADJ
cblr-1726	745	50	as	as	ADP
cblr-1726	745	51	letters	letter	NOUN
cblr-1726	745	52	of	of	ADP
cblr-1726	745	53	credit	credit	NOUN
cblr-1726	745	54	,	,	PUNCT
cblr-1726	745	55	supply	supply	NOUN
cblr-1726	745	56	chain	chain	NOUN
cblr-1726	745	57	finance	finance	NOUN
cblr-1726	745	58	,	,	PUNCT
cblr-1726	745	59	or	or	CCONJ
cblr-1726	745	60	factoring	factoring	NOUN
cblr-1726	745	61	.	.	PUNCT
cblr-1726	746	1	whereas	whereas	SCONJ
cblr-1726	746	2	trade	trade	NOUN
cblr-1726	746	3	credit	credit	NOUN
cblr-1726	746	4	effectively	effectively	ADV
cblr-1726	746	5	refers	refer	VERB
cblr-1726	746	6	to	to	ADP
cblr-1726	746	7	the	the	DET
cblr-1726	746	8	ability	ability	NOUN
cblr-1726	746	9	to	to	PART
cblr-1726	746	10	purchase	purchase	VERB
cblr-1726	746	11	goods	good	NOUN
cblr-1726	746	12	on	on	ADP
cblr-1726	746	13	credit	credit	NOUN
cblr-1726	746	14	and	and	CCONJ
cblr-1726	746	15	the	the	DET
cblr-1726	746	16	resulting	result	VERB
cblr-1726	746	17	creation	creation	NOUN
cblr-1726	746	18	of	of	ADP
cblr-1726	746	19	short	short	ADJ
cblr-1726	746	20	-	-	PUNCT
cblr-1726	746	21	term	term	NOUN
cblr-1726	746	22	inter	inter	ADJ
cblr-1726	746	23	-	-	ADJ
cblr-1726	746	24	firm	firm	ADJ
cblr-1726	746	25	liabilities	liability	NOUN
cblr-1726	746	26	generally	generally	ADV
cblr-1726	746	27	referred	refer	VERB
cblr-1726	746	28	to	to	ADP
cblr-1726	746	29	as	as	ADP
cblr-1726	746	30	“	"	PUNCT
cblr-1726	746	31	accounts	account	NOUN
cblr-1726	746	32	payable	payable	ADJ
cblr-1726	746	33	,	,	PUNCT
cblr-1726	746	34	”	"	PUNCT
cblr-1726	746	35	trade	trade	NOUN
cblr-1726	746	36	financing	financing	NOUN
cblr-1726	746	37	generally	generally	ADV
cblr-1726	746	38	involves	involve	VERB
cblr-1726	746	39	the	the	DET
cblr-1726	746	40	extension	extension	NOUN
cblr-1726	746	41	of	of	ADP
cblr-1726	746	42	loans	loan	NOUN
cblr-1726	746	43	,	,	PUNCT
cblr-1726	746	44	guarantees	guarantee	NOUN
cblr-1726	746	45	,	,	PUNCT
cblr-1726	746	46	or	or	CCONJ
cblr-1726	746	47	other	other	ADJ
cblr-1726	746	48	short	short	ADJ
cblr-1726	746	49	-	-	PUNCT
cblr-1726	746	50	term	term	NOUN
cblr-1726	746	51	liabilities	liability	NOUN
cblr-1726	746	52	by	by	ADP
cblr-1726	746	53	third	third	ADJ
cblr-1726	746	54	party	party	NOUN
cblr-1726	746	55	financial	financial	ADJ
cblr-1726	746	56	institutions	institution	NOUN
cblr-1726	746	57	for	for	ADP
cblr-1726	746	58	the	the	DET
cblr-1726	746	59	purpose	purpose	NOUN
cblr-1726	746	60	of	of	ADP
cblr-1726	746	61	facilitating	facilitate	VERB
cblr-1726	746	62	international	international	ADJ
cblr-1726	746	63	trade	trade	NOUN
cblr-1726	746	64	.	.	PUNCT
cblr-1726	747	1	that	that	PRON
cblr-1726	747	2	ricks	rick	VERB
cblr-1726	747	3	’	'	PUNCT
cblr-1726	747	4	exception	exception	NOUN
cblr-1726	747	5	only	only	ADV
cblr-1726	747	6	extends	extend	VERB
cblr-1726	747	7	to	to	ADP
cblr-1726	747	8	these	these	DET
cblr-1726	747	9	narrow	narrow	ADJ
cblr-1726	747	10	inter	inter	ADJ
cblr-1726	747	11	-	-	ADJ
cblr-1726	747	12	firm	firm	ADJ
cblr-1726	747	13	liabilities	liability	NOUN
cblr-1726	747	14	is	be	AUX
cblr-1726	747	15	apparent	apparent	ADJ
cblr-1726	747	16	from	from	ADP
cblr-1726	747	17	his	his	PRON
cblr-1726	747	18	proposed	propose	VERB
cblr-1726	747	19	statutory	statutory	ADJ
cblr-1726	747	20	language	language	NOUN
cblr-1726	747	21	.	.	PUNCT
cblr-1726	748	1	i	i	PRON
cblr-1726	748	2	d.	d.	PROPN
cblr-1726	748	3	at	at	ADP
cblr-1726	748	4	244	244	NUM
cblr-1726	748	5	.	.	PUNCT
cblr-1726	749	1	190	190	NUM
cblr-1726	749	2	without	without	ADP
cblr-1726	749	3	access	access	NOUN
cblr-1726	749	4	to	to	ADP
cblr-1726	749	5	these	these	DET
cblr-1726	749	6	markets	market	NOUN
cblr-1726	749	7	,	,	PUNCT
cblr-1726	749	8	foreign	foreign	ADJ
cblr-1726	749	9	financial	financial	ADJ
cblr-1726	749	10	institutions	institution	NOUN
cblr-1726	749	11	holding	hold	VERB
cblr-1726	749	12	u.s	u.s	PROPN
cblr-1726	749	13	.	.	PROPN
cblr-1726	749	14	dollar	dollar	NOUN
cblr-1726	749	15	assets	asset	NOUN
cblr-1726	749	16	would	would	AUX
cblr-1726	749	17	face	face	VERB
cblr-1726	749	18	significant	significant	ADJ
cblr-1726	749	19	foreign	foreign	ADJ
cblr-1726	749	20	exchange	exchange	NOUN
cblr-1726	749	21	risk	risk	NOUN
cblr-1726	749	22	.	.	PUNCT
cblr-1726	750	1	191	191	NUM
cblr-1726	750	2	although	although	SCONJ
cblr-1726	750	3	it	it	PRON
cblr-1726	750	4	is	be	AUX
cblr-1726	750	5	likely	likely	ADJ
cblr-1726	750	6	that	that	SCONJ
cblr-1726	750	7	gravitation	gravitation	NOUN
cblr-1726	750	8	toward	toward	ADP
cblr-1726	750	9	either	either	CCONJ
cblr-1726	750	10	extreme	extreme	NOUN
cblr-1726	750	11	would	would	AUX
cblr-1726	750	12	be	be	AUX
cblr-1726	750	13	the	the	DET
cblr-1726	750	14	most	most	ADV
cblr-1726	750	15	likely	likely	ADJ
cblr-1726	750	16	to	to	PART
cblr-1726	750	17	engender	engender	VERB
cblr-1726	750	18	pronounced	pronounced	ADJ
cblr-1726	750	19	instability	instability	NOUN
cblr-1726	750	20	.	.	PUNCT
cblr-1726	751	1	awrey	awrey	PROPN
cblr-1726	751	2	–	–	PUNCT
cblr-1726	751	3	final	final	ADJ
cblr-1726	751	4	no	no	NOUN
cblr-1726	751	5	.	.	PUNCT
cblr-1726	752	1	3:934	3:934	X
cblr-1726	752	2	]	]	X
cblr-1726	752	3	foreign	foreign	ADJ
cblr-1726	752	4	currency	currency	NOUN
cblr-1726	752	5	liquidity	liquidity	NOUN
cblr-1726	752	6	assistance	assistance	NOUN
cblr-1726	752	7	991	991	NUM
cblr-1726	752	8	global	global	ADJ
cblr-1726	752	9	lender	lender	NOUN
cblr-1726	752	10	of	of	ADP
cblr-1726	752	11	last	last	ADJ
cblr-1726	752	12	resort	resort	NOUN
cblr-1726	752	13	and	and	CCONJ
cblr-1726	752	14	increasing	increase	VERB
cblr-1726	752	15	the	the	DET
cblr-1726	752	16	exposure	exposure	NOUN
cblr-1726	752	17	of	of	ADP
cblr-1726	752	18	the	the	DET
cblr-1726	752	19	rest	rest	NOUN
cblr-1726	752	20	of	of	ADP
cblr-1726	752	21	the	the	DET
cblr-1726	752	22	world	world	NOUN
cblr-1726	752	23	to	to	ADP
cblr-1726	752	24	its	its	PRON
cblr-1726	752	25	fiscal	fiscal	ADJ
cblr-1726	752	26	,	,	PUNCT
cblr-1726	752	27	monetary	monetary	ADJ
cblr-1726	752	28	,	,	PUNCT
cblr-1726	752	29	and	and	CCONJ
cblr-1726	752	30	regulatory	regulatory	ADJ
cblr-1726	752	31	policy	policy	NOUN
cblr-1726	752	32	decisions.192	decisions.192	NOUN
cblr-1726	752	33	strengthening	strengthen	VERB
cblr-1726	752	34	the	the	DET
cblr-1726	752	35	monetary	monetary	ADJ
cblr-1726	752	36	sovereignty	sovereignty	NOUN
cblr-1726	752	37	of	of	ADP
cblr-1726	752	38	the	the	DET
cblr-1726	752	39	united	united	PROPN
cblr-1726	752	40	states	states	PROPN
cblr-1726	752	41	would	would	AUX
cblr-1726	752	42	thus	thus	ADV
cblr-1726	752	43	come	come	VERB
cblr-1726	752	44	at	at	ADP
cblr-1726	752	45	the	the	DET
cblr-1726	752	46	expense	expense	NOUN
cblr-1726	752	47	of	of	ADP
cblr-1726	752	48	the	the	DET
cblr-1726	752	49	policy	policy	NOUN
cblr-1726	752	50	sovereignty	sovereignty	NOUN
cblr-1726	752	51	of	of	ADP
cblr-1726	752	52	other	other	ADJ
cblr-1726	752	53	countries	country	NOUN
cblr-1726	752	54	.	.	PUNCT
cblr-1726	753	1	in	in	ADP
cblr-1726	753	2	the	the	DET
cblr-1726	753	3	second	second	ADJ
cblr-1726	753	4	scenario	scenario	NOUN
cblr-1726	753	5	,	,	PUNCT
cblr-1726	753	6	firms	firm	NOUN
cblr-1726	753	7	might	might	AUX
cblr-1726	753	8	switch	switch	VERB
cblr-1726	753	9	from	from	ADP
cblr-1726	753	10	the	the	DET
cblr-1726	753	11	u.s	u.s	PROPN
cblr-1726	753	12	.	.	PROPN
cblr-1726	753	13	dollar	dollar	NOUN
cblr-1726	753	14	to	to	ADP
cblr-1726	753	15	other	other	ADJ
cblr-1726	753	16	currencies	currency	NOUN
cblr-1726	753	17	for	for	ADP
cblr-1726	753	18	the	the	DET
cblr-1726	753	19	purposes	purpose	NOUN
cblr-1726	753	20	of	of	ADP
cblr-1726	753	21	international	international	ADJ
cblr-1726	753	22	trade	trade	NOUN
cblr-1726	753	23	,	,	PUNCT
cblr-1726	753	24	finance	finance	NOUN
cblr-1726	753	25	,	,	PUNCT
cblr-1726	753	26	and	and	CCONJ
cblr-1726	753	27	investment	investment	NOUN
cblr-1726	753	28	.	.	PUNCT
cblr-1726	754	1	the	the	DET
cblr-1726	754	2	resulting	result	VERB
cblr-1726	754	3	fragmentation	fragmentation	NOUN
cblr-1726	754	4	of	of	ADP
cblr-1726	754	5	the	the	DET
cblr-1726	754	6	currency	currency	NOUN
cblr-1726	754	7	composition	composition	NOUN
cblr-1726	754	8	of	of	ADP
cblr-1726	754	9	these	these	DET
cblr-1726	754	10	business	business	NOUN
cblr-1726	754	11	activities	activity	NOUN
cblr-1726	754	12	would	would	AUX
cblr-1726	754	13	likely	likely	ADV
cblr-1726	754	14	precipitate	precipitate	VERB
cblr-1726	754	15	an	an	DET
cblr-1726	754	16	increase	increase	NOUN
cblr-1726	754	17	in	in	ADP
cblr-1726	754	18	financing	financing	NOUN
cblr-1726	754	19	and	and	CCONJ
cblr-1726	754	20	trading	trading	NOUN
cblr-1726	754	21	costs	cost	NOUN
cblr-1726	754	22	and	and	CCONJ
cblr-1726	754	23	create	create	VERB
cblr-1726	754	24	an	an	DET
cblr-1726	754	25	impediment	impediment	NOUN
cblr-1726	754	26	to	to	ADP
cblr-1726	754	27	global	global	ADJ
cblr-1726	754	28	economic	economic	ADJ
cblr-1726	754	29	integration	integration	NOUN
cblr-1726	754	30	.	.	PUNCT
cblr-1726	755	1	importantly	importantly	ADV
cblr-1726	755	2	,	,	PUNCT
cblr-1726	755	3	the	the	DET
cblr-1726	755	4	existence	existence	NOUN
cblr-1726	755	5	of	of	ADP
cblr-1726	755	6	winners	winner	NOUN
cblr-1726	755	7	and	and	CCONJ
cblr-1726	755	8	losers	loser	NOUN
cblr-1726	755	9	under	under	ADP
cblr-1726	755	10	both	both	PRON
cblr-1726	755	11	of	of	ADP
cblr-1726	755	12	these	these	DET
cblr-1726	755	13	scenarios	scenario	NOUN
cblr-1726	755	14	renders	render	VERB
cblr-1726	755	15	the	the	DET
cblr-1726	755	16	prospects	prospect	NOUN
cblr-1726	755	17	of	of	ADP
cblr-1726	755	18	a	a	DET
cblr-1726	755	19	binding	bind	VERB
cblr-1726	755	20	multilateral	multilateral	ADJ
cblr-1726	755	21	agreement	agreement	NOUN
cblr-1726	755	22	to	to	PART
cblr-1726	755	23	dismantle	dismantle	VERB
cblr-1726	755	24	the	the	DET
cblr-1726	755	25	eurodollar	eurodollar	ADJ
cblr-1726	755	26	market	market	NOUN
cblr-1726	755	27	decidedly	decidedly	ADV
cblr-1726	755	28	bleak	bleak	ADJ
cblr-1726	755	29	.	.	PUNCT
cblr-1726	756	1	at	at	ADP
cblr-1726	756	2	the	the	DET
cblr-1726	756	3	same	same	ADJ
cblr-1726	756	4	time	time	NOUN
cblr-1726	756	5	,	,	PUNCT
cblr-1726	756	6	any	any	DET
cblr-1726	756	7	unilateral	unilateral	ADJ
cblr-1726	756	8	action	action	NOUN
cblr-1726	756	9	would	would	AUX
cblr-1726	756	10	risk	risk	VERB
cblr-1726	756	11	provoking	provoke	VERB
cblr-1726	756	12	retaliatory	retaliatory	ADJ
cblr-1726	756	13	action	action	NOUN
cblr-1726	756	14	from	from	ADP
cblr-1726	756	15	other	other	ADJ
cblr-1726	756	16	states	state	NOUN
cblr-1726	756	17	.	.	PUNCT
cblr-1726	757	1	moreover	moreover	ADV
cblr-1726	757	2	,	,	PUNCT
cblr-1726	757	3	under	under	ADP
cblr-1726	757	4	either	either	DET
cblr-1726	757	5	scenario	scenario	NOUN
cblr-1726	757	6	there	there	PRON
cblr-1726	757	7	is	be	VERB
cblr-1726	757	8	a	a	DET
cblr-1726	757	9	significant	significant	ADJ
cblr-1726	757	10	risk	risk	NOUN
cblr-1726	757	11	that	that	SCONJ
cblr-1726	757	12	the	the	DET
cblr-1726	757	13	restructuring	restructuring	NOUN
cblr-1726	757	14	process	process	NOUN
cblr-1726	757	15	may	may	AUX
cblr-1726	757	16	unfold	unfold	VERB
cblr-1726	757	17	in	in	ADP
cblr-1726	757	18	a	a	DET
cblr-1726	757	19	disorderly	disorderly	ADJ
cblr-1726	757	20	fashion	fashion	NOUN
cblr-1726	757	21	.	.	PUNCT
cblr-1726	758	1	viewed	view	VERB
cblr-1726	758	2	from	from	ADP
cblr-1726	758	3	this	this	DET
cblr-1726	758	4	perspective	perspective	NOUN
cblr-1726	758	5	,	,	PUNCT
cblr-1726	758	6	the	the	DET
cblr-1726	758	7	practical	practical	ADJ
cblr-1726	758	8	effect	effect	NOUN
cblr-1726	758	9	of	of	ADP
cblr-1726	758	10	ricks	rick	NOUN
cblr-1726	758	11	’	'	PUNCT
cblr-1726	758	12	proposal	proposal	NOUN
cblr-1726	758	13	may	may	AUX
cblr-1726	758	14	simply	simply	ADV
cblr-1726	758	15	be	be	AUX
cblr-1726	758	16	to	to	PART
cblr-1726	758	17	undermine	undermine	VERB
cblr-1726	758	18	financial	financial	ADJ
cblr-1726	758	19	and	and	CCONJ
cblr-1726	758	20	economic	economic	ADJ
cblr-1726	758	21	globalization	globalization	NOUN
cblr-1726	758	22	and	and	CCONJ
cblr-1726	758	23	export	export	NOUN
cblr-1726	758	24	financial	financial	ADJ
cblr-1726	758	25	instability	instability	NOUN
cblr-1726	758	26	from	from	ADP
cblr-1726	758	27	the	the	DET
cblr-1726	758	28	united	united	PROPN
cblr-1726	758	29	states	states	PROPN
cblr-1726	758	30	to	to	ADP
cblr-1726	758	31	the	the	DET
cblr-1726	758	32	rest	rest	NOUN
cblr-1726	758	33	of	of	ADP
cblr-1726	758	34	the	the	DET
cblr-1726	758	35	world	world	NOUN
cblr-1726	758	36	.	.	PUNCT
cblr-1726	759	1	b.	b.	PROPN
cblr-1726	760	1	a	a	DET
cblr-1726	760	2	global	global	ADJ
cblr-1726	760	3	currency	currency	NOUN
cblr-1726	760	4	and	and	CCONJ
cblr-1726	760	5	central	central	ADJ
cblr-1726	760	6	bank	bank	NOUN
cblr-1726	760	7	ricks	rick	NOUN
cblr-1726	760	8	’	'	PUNCT
cblr-1726	760	9	proposal	proposal	NOUN
cblr-1726	760	10	to	to	PART
cblr-1726	760	11	dismantle	dismantle	VERB
cblr-1726	760	12	the	the	DET
cblr-1726	760	13	eurodollar	eurodollar	PROPN
cblr-1726	760	14	market	market	NOUN
cblr-1726	760	15	envisions	envision	VERB
cblr-1726	760	16	the	the	DET
cblr-1726	760	17	vigorous	vigorous	ADJ
cblr-1726	760	18	assertion	assertion	NOUN
cblr-1726	760	19	of	of	ADP
cblr-1726	760	20	the	the	DET
cblr-1726	760	21	state	state	NOUN
cblr-1726	760	22	’s	’s	PART
cblr-1726	760	23	sovereign	sovereign	ADJ
cblr-1726	760	24	authority	authority	NOUN
cblr-1726	760	25	over	over	ADP
cblr-1726	760	26	private	private	ADJ
cblr-1726	760	27	money	money	NOUN
cblr-1726	760	28	creation	creation	NOUN
cblr-1726	760	29	.	.	PUNCT
cblr-1726	761	1	other	other	ADJ
cblr-1726	761	2	,	,	PUNCT
cblr-1726	761	3	even	even	ADV
cblr-1726	761	4	more	more	ADV
cblr-1726	761	5	radical	radical	ADJ
cblr-1726	761	6	,	,	PUNCT
cblr-1726	761	7	proposals	proposal	NOUN
cblr-1726	761	8	envision	envision	VERB
cblr-1726	761	9	the	the	DET
cblr-1726	761	10	transfer	transfer	NOUN
cblr-1726	761	11	of	of	ADP
cblr-1726	761	12	this	this	DET
cblr-1726	761	13	authority	authority	NOUN
cblr-1726	761	14	to	to	ADP
cblr-1726	761	15	international	international	ADJ
cblr-1726	761	16	institutions	institution	NOUN
cblr-1726	761	17	.	.	PUNCT
cblr-1726	762	1	proposals	proposal	NOUN
cblr-1726	762	2	for	for	ADP
cblr-1726	762	3	an	an	DET
cblr-1726	762	4	international	international	ADJ
cblr-1726	762	5	monetary	monetary	ADJ
cblr-1726	762	6	authority	authority	NOUN
cblr-1726	762	7	and	and	CCONJ
cblr-1726	762	8	currency	currency	NOUN
cblr-1726	762	9	have	have	VERB
cblr-1726	762	10	a	a	DET
cblr-1726	762	11	long	long	ADJ
cblr-1726	762	12	and	and	CCONJ
cblr-1726	762	13	colorful	colorful	ADJ
cblr-1726	762	14	history	history	NOUN
cblr-1726	762	15	.	.	PUNCT
cblr-1726	763	1	perhaps	perhaps	ADV
cblr-1726	763	2	the	the	DET
cblr-1726	763	3	most	most	ADV
cblr-1726	763	4	(	(	PUNCT
cblr-1726	763	5	in)famous	in)famous	ADJ
cblr-1726	763	6	proposal	proposal	NOUN
cblr-1726	763	7	is	be	AUX
cblr-1726	763	8	john	john	PROPN
cblr-1726	763	9	maynard	maynard	PROPN
cblr-1726	763	10	keynes	keynes	PROPN
cblr-1726	763	11	’	'	PUNCT
cblr-1726	763	12	scheme	scheme	NOUN
cblr-1726	763	13	for	for	ADP
cblr-1726	763	14	192	192	NUM
cblr-1726	763	15	thereby	thereby	ADV
cblr-1726	763	16	further	far	ADV
cblr-1726	763	17	intensifying	intensify	VERB
cblr-1726	763	18	the	the	DET
cblr-1726	763	19	global	global	ADJ
cblr-1726	763	20	financial	financial	ADJ
cblr-1726	763	21	cycle	cycle	NOUN
cblr-1726	763	22	.	.	PUNCT
cblr-1726	764	1	see	see	VERB
cblr-1726	764	2	hélène	hélène	ADJ
cblr-1726	764	3	rey	rey	PROPN
cblr-1726	764	4	,	,	PUNCT
cblr-1726	764	5	dilemma	dilemma	NOUN
cblr-1726	764	6	not	not	PART
cblr-1726	764	7	trilemma	trilemma	VERB
cblr-1726	764	8	:	:	PUNCT
cblr-1726	764	9	the	the	DET
cblr-1726	764	10	global	global	ADJ
cblr-1726	764	11	financial	financial	ADJ
cblr-1726	764	12	cycle	cycle	NOUN
cblr-1726	764	13	and	and	CCONJ
cblr-1726	764	14	monetary	monetary	ADJ
cblr-1726	764	15	policy	policy	NOUN
cblr-1726	764	16	independence	independence	NOUN
cblr-1726	764	17	,	,	PUNCT
cblr-1726	764	18	fed	fed	PROPN
cblr-1726	764	19	.	.	PUNCT
cblr-1726	765	1	res	res	PROPN
cblr-1726	765	2	.	.	PUNCT
cblr-1726	766	1	bank	bank	PROPN
cblr-1726	766	2	kansas	kansas	PROPN
cblr-1726	766	3	city	city	PROPN
cblr-1726	766	4	(	(	PUNCT
cblr-1726	766	5	2013	2013	NUM
cblr-1726	766	6	)	)	PUNCT
cblr-1726	766	7	,	,	PUNCT
cblr-1726	766	8	https://www.kansascityfed.org/hgiso/publicat/sympos/2013/2013rey.pdf	https://www.kansascityfed.org/hgiso/publicat/sympos/2013/2013rey.pdf	NOUN
cblr-1726	767	1	[	[	X
cblr-1726	767	2	perma.cc/47g7y6bt	perma.cc/47g7y6bt	NOUN
cblr-1726	767	3	]	]	X
cblr-1726	767	4	.	.	PUNCT
cblr-1726	768	1	awrey	awrey	PROPN
cblr-1726	768	2	–	–	PUNCT
cblr-1726	768	3	final	final	ADJ
cblr-1726	768	4	992	992	NUM
cblr-1726	768	5	columbia	columbia	PROPN
cblr-1726	768	6	business	business	NOUN
cblr-1726	768	7	law	law	PROPN
cblr-1726	768	8	review	review	NOUN
cblr-1726	769	1	[	[	X
cblr-1726	769	2	vol	vol	NOUN
cblr-1726	769	3	.	.	NOUN
cblr-1726	769	4	2017	2017	NUM
cblr-1726	769	5	the	the	DET
cblr-1726	769	6	creation	creation	NOUN
cblr-1726	769	7	of	of	ADP
cblr-1726	769	8	an	an	DET
cblr-1726	769	9	‘	'	PUNCT
cblr-1726	769	10	international	international	ADJ
cblr-1726	769	11	clearing	clearing	NOUN
cblr-1726	769	12	union	union	NOUN
cblr-1726	769	13	.	.	PUNCT
cblr-1726	769	14	’193	’193	PUNCT
cblr-1726	770	1	advanced	advance	VERB
cblr-1726	770	2	by	by	ADP
cblr-1726	770	3	keynes	keyne	NOUN
cblr-1726	770	4	at	at	ADP
cblr-1726	770	5	the	the	DET
cblr-1726	770	6	bretton	bretton	PROPN
cblr-1726	770	7	woods	woods	PROPN
cblr-1726	770	8	conference	conference	NOUN
cblr-1726	770	9	in	in	ADP
cblr-1726	770	10	july	july	PROPN
cblr-1726	770	11	1944	1944	NUM
cblr-1726	770	12	,	,	PUNCT
cblr-1726	770	13	the	the	DET
cblr-1726	770	14	international	international	ADJ
cblr-1726	770	15	clearing	clearing	NOUN
cblr-1726	770	16	union	union	NOUN
cblr-1726	770	17	was	be	AUX
cblr-1726	770	18	designed	design	VERB
cblr-1726	770	19	to	to	PART
cblr-1726	770	20	prevent	prevent	VERB
cblr-1726	770	21	the	the	DET
cblr-1726	770	22	build	build	NOUN
cblr-1726	770	23	-	-	PUNCT
cblr-1726	770	24	up	up	NOUN
cblr-1726	770	25	of	of	ADP
cblr-1726	770	26	destabilizing	destabilizing	ADJ
cblr-1726	770	27	international	international	ADJ
cblr-1726	770	28	trade	trade	NOUN
cblr-1726	770	29	imbalances	imbalance	NOUN
cblr-1726	770	30	through	through	ADP
cblr-1726	770	31	a	a	DET
cblr-1726	770	32	multilateral	multilateral	ADJ
cblr-1726	770	33	system	system	NOUN
cblr-1726	770	34	of	of	ADP
cblr-1726	770	35	debits	debit	NOUN
cblr-1726	770	36	and	and	CCONJ
cblr-1726	770	37	credits	credit	NOUN
cblr-1726	770	38	denominated	denominate	VERB
cblr-1726	770	39	in	in	ADP
cblr-1726	770	40	a	a	DET
cblr-1726	770	41	new	new	ADJ
cblr-1726	770	42	unit	unit	NOUN
cblr-1726	770	43	of	of	ADP
cblr-1726	770	44	account	account	NOUN
cblr-1726	770	45	known	know	VERB
cblr-1726	770	46	as	as	ADP
cblr-1726	770	47	‘	'	PUNCT
cblr-1726	770	48	bancor	bancor	NOUN
cblr-1726	770	49	.	.	PUNCT
cblr-1726	770	50	’194	’194	PROPN
cblr-1726	771	1	recently	recently	ADV
cblr-1726	771	2	,	,	PUNCT
cblr-1726	771	3	scholars	scholar	NOUN
cblr-1726	771	4	such	such	ADJ
cblr-1726	771	5	as	as	ADP
cblr-1726	771	6	robert	robert	PROPN
cblr-1726	771	7	hockett	hockett	PROPN
cblr-1726	771	8	have	have	AUX
cblr-1726	771	9	returned	return	VERB
cblr-1726	771	10	to	to	ADP
cblr-1726	771	11	keynes	keyne	NOUN
cblr-1726	771	12	’	'	PUNCT
cblr-1726	771	13	original	original	ADJ
cblr-1726	771	14	proposal	proposal	NOUN
cblr-1726	771	15	and	and	CCONJ
cblr-1726	771	16	advocated	advocate	VERB
cblr-1726	771	17	it	it	PRON
cblr-1726	771	18	as	as	ADP
cblr-1726	771	19	the	the	DET
cblr-1726	771	20	basis	basis	NOUN
cblr-1726	771	21	for	for	ADP
cblr-1726	771	22	the	the	DET
cblr-1726	771	23	creation	creation	NOUN
cblr-1726	771	24	of	of	ADP
cblr-1726	771	25	a	a	DET
cblr-1726	771	26	global	global	ADJ
cblr-1726	771	27	currency	currency	NOUN
cblr-1726	771	28	and	and	CCONJ
cblr-1726	771	29	central	central	ADJ
cblr-1726	771	30	bank.195	bank.195	NOUN
cblr-1726	771	31	while	while	SCONJ
cblr-1726	771	32	the	the	DET
cblr-1726	771	33	institutional	institutional	ADJ
cblr-1726	771	34	details	detail	NOUN
cblr-1726	771	35	of	of	ADP
cblr-1726	771	36	these	these	DET
cblr-1726	771	37	proposals	proposal	NOUN
cblr-1726	771	38	vary	vary	VERB
cblr-1726	771	39	,	,	PUNCT
cblr-1726	771	40	they	they	PRON
cblr-1726	771	41	generally	generally	ADV
cblr-1726	771	42	involve	involve	VERB
cblr-1726	771	43	the	the	DET
cblr-1726	771	44	creation	creation	NOUN
cblr-1726	771	45	of	of	ADP
cblr-1726	771	46	a	a	DET
cblr-1726	771	47	new	new	ADJ
cblr-1726	771	48	currency	currency	NOUN
cblr-1726	771	49	,	,	PUNCT
cblr-1726	771	50	issued	issue	VERB
cblr-1726	771	51	and	and	CCONJ
cblr-1726	771	52	managed	manage	VERB
cblr-1726	771	53	by	by	ADP
cblr-1726	771	54	an	an	DET
cblr-1726	771	55	international	international	ADJ
cblr-1726	771	56	monetary	monetary	ADJ
cblr-1726	771	57	authority	authority	NOUN
cblr-1726	771	58	,	,	PUNCT
cblr-1726	771	59	and	and	CCONJ
cblr-1726	771	60	intended	intend	VERB
cblr-1726	771	61	for	for	ADP
cblr-1726	771	62	use	use	NOUN
cblr-1726	771	63	alongside	alongside	ADP
cblr-1726	771	64	existing	exist	VERB
cblr-1726	771	65	domestic	domestic	ADJ
cblr-1726	771	66	and	and	CCONJ
cblr-1726	771	67	supranational	supranational	ADJ
cblr-1726	771	68	currencies.196	currencies.196	PROPN
cblr-1726	771	69	the	the	DET
cblr-1726	771	70	benefits	benefit	NOUN
cblr-1726	771	71	of	of	ADP
cblr-1726	771	72	a	a	DET
cblr-1726	771	73	global	global	ADJ
cblr-1726	771	74	currency	currency	NOUN
cblr-1726	771	75	are	be	AUX
cblr-1726	771	76	typically	typically	ADV
cblr-1726	771	77	framed	frame	VERB
cblr-1726	771	78	as	as	ADP
cblr-1726	771	79	flowing	flow	VERB
cblr-1726	771	80	from	from	ADP
cblr-1726	771	81	the	the	DET
cblr-1726	771	82	potential	potential	NOUN
cblr-1726	771	83	to	to	PART
cblr-1726	771	84	create	create	VERB
cblr-1726	771	85	a	a	DET
cblr-1726	771	86	global	global	ADJ
cblr-1726	771	87	‘	'	PUNCT
cblr-1726	771	88	risk	risk	NOUN
cblr-1726	771	89	-	-	PUNCT
cblr-1726	771	90	free	free	ADJ
cblr-1726	771	91	’	'	PUNCT
cblr-1726	771	92	asset	asset	NOUN
cblr-1726	771	93	,	,	PUNCT
cblr-1726	771	94	193	193	NUM
cblr-1726	771	95	see	see	VERB
cblr-1726	771	96	john	john	PROPN
cblr-1726	771	97	maynard	maynard	PROPN
cblr-1726	771	98	keynes	keynes	PROPN
cblr-1726	771	99	,	,	PUNCT
cblr-1726	771	100	activities	activity	NOUN
cblr-1726	771	101	1940–1944	1940–1944	NUM
cblr-1726	771	102	:	:	PUNCT
cblr-1726	771	103	shaping	shape	VERB
cblr-1726	771	104	the	the	DET
cblr-1726	771	105	post	post	ADJ
cblr-1726	771	106	-	-	ADJ
cblr-1726	771	107	war	war	ADJ
cblr-1726	771	108	world	world	NOUN
cblr-1726	771	109	:	:	PUNCT
cblr-1726	771	110	the	the	DET
cblr-1726	771	111	clearing	clearing	NOUN
cblr-1726	771	112	union	union	NOUN
cblr-1726	771	113	(	(	PUNCT
cblr-1726	771	114	1980	1980	NUM
cblr-1726	771	115	)	)	PUNCT
cblr-1726	771	116	,	,	PUNCT
cblr-1726	771	117	reprinted	reprint	VERB
cblr-1726	771	118	in	in	ADP
cblr-1726	771	119	25	25	NUM
cblr-1726	771	120	the	the	DET
cblr-1726	771	121	collected	collect	VERB
cblr-1726	771	122	writings	writing	NOUN
cblr-1726	771	123	of	of	ADP
cblr-1726	771	124	john	john	PROPN
cblr-1726	771	125	maynard	maynard	PROPN
cblr-1726	771	126	keynes	keynes	PROPN
cblr-1726	771	127	(	(	PUNCT
cblr-1726	771	128	donald	donald	PROPN
cblr-1726	771	129	moggridge	moggridge	NOUN
cblr-1726	771	130	ed	ed	NOUN
cblr-1726	771	131	.	.	PROPN
cblr-1726	771	132	,	,	PUNCT
cblr-1726	771	133	cambridge	cambridge	PROPN
cblr-1726	771	134	univ	univ	PROPN
cblr-1726	771	135	.	.	PUNCT
cblr-1726	772	1	press	press	PROPN
cblr-1726	772	2	,	,	PUNCT
cblr-1726	772	3	1980	1980	NUM
cblr-1726	772	4	)	)	PUNCT
cblr-1726	772	5	.	.	PUNCT
cblr-1726	773	1	194	194	NUM
cblr-1726	773	2	see	see	VERB
cblr-1726	773	3	i	i	PRON
cblr-1726	773	4	d.	d.	PROPN
cblr-1726	773	5	for	for	ADP
cblr-1726	773	6	further	further	ADJ
cblr-1726	773	7	details	detail	NOUN
cblr-1726	773	8	regarding	regard	VERB
cblr-1726	773	9	keynes	keyne	NOUN
cblr-1726	773	10	’	'	PUNCT
cblr-1726	773	11	scheme	scheme	NOUN
cblr-1726	773	12	as	as	SCONJ
cblr-1726	773	13	originally	originally	ADV
cblr-1726	773	14	proposed	propose	VERB
cblr-1726	773	15	.	.	PUNCT
cblr-1726	774	1	the	the	DET
cblr-1726	774	2	scheme	scheme	NOUN
cblr-1726	774	3	encountered	encounter	VERB
cblr-1726	774	4	significant	significant	ADJ
cblr-1726	774	5	resistance	resistance	NOUN
cblr-1726	774	6	at	at	ADP
cblr-1726	774	7	the	the	DET
cblr-1726	774	8	bretton	bretton	PROPN
cblr-1726	774	9	woods	woods	PROPN
cblr-1726	774	10	conference	conference	NOUN
cblr-1726	774	11	,	,	PUNCT
cblr-1726	774	12	especially	especially	ADV
cblr-1726	774	13	from	from	ADP
cblr-1726	774	14	the	the	DET
cblr-1726	774	15	united	united	PROPN
cblr-1726	774	16	states	states	PROPN
cblr-1726	774	17	,	,	PUNCT
cblr-1726	774	18	and	and	CCONJ
cblr-1726	774	19	was	be	AUX
cblr-1726	774	20	abandoned	abandon	VERB
cblr-1726	774	21	in	in	ADP
cblr-1726	774	22	favor	favor	NOUN
cblr-1726	774	23	of	of	ADP
cblr-1726	774	24	what	what	PRON
cblr-1726	774	25	would	would	AUX
cblr-1726	774	26	eventually	eventually	ADV
cblr-1726	774	27	become	become	VERB
cblr-1726	774	28	the	the	DET
cblr-1726	774	29	imf	imf	PROPN
cblr-1726	774	30	.	.	PROPN
cblr-1726	774	31	195	195	NUM
cblr-1726	774	32	robert	robert	PROPN
cblr-1726	774	33	hockett	hockett	PROPN
cblr-1726	774	34	,	,	PUNCT
cblr-1726	774	35	bretton	bretton	PROPN
cblr-1726	774	36	woods	wood	VERB
cblr-1726	774	37	1.0	1.0	NUM
cblr-1726	774	38	:	:	PUNCT
cblr-1726	774	39	a	a	DET
cblr-1726	774	40	constructive	constructive	ADJ
cblr-1726	774	41	retrieval	retrieval	NOUN
cblr-1726	774	42	for	for	ADP
cblr-1726	774	43	sustainable	sustainable	ADJ
cblr-1726	774	44	finance	finance	NOUN
cblr-1726	774	45	,	,	PUNCT
cblr-1726	774	46	16	16	NUM
cblr-1726	774	47	n.y.u	n.y.u	NOUN
cblr-1726	774	48	.	.	PUNCT
cblr-1726	775	1	j.	j.	PROPN
cblr-1726	775	2	legis	legis	PROPN
cblr-1726	775	3	.	.	PUNCT
cblr-1726	775	4	&	&	CCONJ
cblr-1726	775	5	pub	pub	NOUN
cblr-1726	775	6	.	.	PUNCT
cblr-1726	776	1	pol’y	pol’y	NOUN
cblr-1726	776	2	.	.	PUNCT
cblr-1726	777	1	401	401	NUM
cblr-1726	777	2	(	(	PUNCT
cblr-1726	777	3	2013	2013	NUM
cblr-1726	777	4	)	)	PUNCT
cblr-1726	777	5	.	.	PUNCT
cblr-1726	778	1	see	see	VERB
cblr-1726	778	2	also	also	ADV
cblr-1726	778	3	emmanuel	emmanuel	PROPN
cblr-1726	778	4	farhi	farhi	PROPN
cblr-1726	778	5	et	et	PROPN
cblr-1726	778	6	al	al	PROPN
cblr-1726	778	7	.	.	PROPN
cblr-1726	778	8	,	,	PUNCT
cblr-1726	778	9	reforming	reform	VERB
cblr-1726	778	10	the	the	DET
cblr-1726	778	11	international	international	ADJ
cblr-1726	778	12	monetary	monetary	ADJ
cblr-1726	778	13	system	system	NOUN
cblr-1726	778	14	31–49	31–49	NUM
cblr-1726	778	15	(	(	PUNCT
cblr-1726	778	16	2011	2011	NUM
cblr-1726	778	17	)	)	PUNCT
cblr-1726	778	18	.	.	PUNCT
cblr-1726	779	1	196	196	NUM
cblr-1726	779	2	at	at	ADP
cblr-1726	779	3	the	the	DET
cblr-1726	779	4	same	same	ADJ
cblr-1726	779	5	time	time	NOUN
cblr-1726	779	6	,	,	PUNCT
cblr-1726	779	7	not	not	PART
cblr-1726	779	8	all	all	DET
cblr-1726	779	9	proposals	proposal	NOUN
cblr-1726	779	10	envision	envision	VERB
cblr-1726	779	11	the	the	DET
cblr-1726	779	12	creation	creation	NOUN
cblr-1726	779	13	of	of	ADP
cblr-1726	779	14	a	a	DET
cblr-1726	779	15	new	new	ADJ
cblr-1726	779	16	currency	currency	NOUN
cblr-1726	779	17	.	.	PUNCT
cblr-1726	780	1	see	see	VERB
cblr-1726	780	2	farhi	farhi	NOUN
cblr-1726	780	3	et	et	PROPN
cblr-1726	780	4	al	al	PROPN
cblr-1726	780	5	.	.	PROPN
cblr-1726	780	6	,	,	PUNCT
cblr-1726	780	7	supra	supra	PROPN
cblr-1726	780	8	note	note	VERB
cblr-1726	780	9	195	195	NUM
cblr-1726	780	10	.	.	PUNCT
cblr-1726	781	1	a	a	DET
cblr-1726	781	2	related	relate	VERB
cblr-1726	781	3	,	,	PUNCT
cblr-1726	781	4	if	if	SCONJ
cblr-1726	781	5	somewhat	somewhat	ADV
cblr-1726	781	6	more	more	ADV
cblr-1726	781	7	modest	modest	ADJ
cblr-1726	781	8	,	,	PUNCT
cblr-1726	781	9	proposal	proposal	NOUN
cblr-1726	781	10	is	be	AUX
cblr-1726	781	11	to	to	PART
cblr-1726	781	12	promote	promote	VERB
cblr-1726	781	13	the	the	DET
cblr-1726	781	14	use	use	NOUN
cblr-1726	781	15	of	of	ADP
cblr-1726	781	16	the	the	DET
cblr-1726	781	17	special	special	ADJ
cblr-1726	781	18	drawing	drawing	NOUN
cblr-1726	781	19	rights	right	NOUN
cblr-1726	781	20	(	(	PUNCT
cblr-1726	781	21	“	"	PUNCT
cblr-1726	781	22	sdrs	sdr	NOUN
cblr-1726	781	23	”	"	PUNCT
cblr-1726	781	24	)	)	PUNCT
cblr-1726	781	25	issued	issue	VERB
cblr-1726	781	26	by	by	ADP
cblr-1726	781	27	the	the	DET
cblr-1726	781	28	imf	imf	PROPN
cblr-1726	781	29	in	in	ADP
cblr-1726	781	30	international	international	ADJ
cblr-1726	781	31	commercial	commercial	ADJ
cblr-1726	781	32	transactions	transaction	NOUN
cblr-1726	781	33	.	.	PUNCT
cblr-1726	782	1	for	for	ADP
cblr-1726	782	2	a	a	DET
cblr-1726	782	3	recent	recent	ADJ
cblr-1726	782	4	synthesis	synthesis	NOUN
cblr-1726	782	5	of	of	ADP
cblr-1726	782	6	the	the	DET
cblr-1726	782	7	main	main	ADJ
cblr-1726	782	8	arguments	argument	NOUN
cblr-1726	782	9	for	for	ADP
cblr-1726	782	10	and	and	CCONJ
cblr-1726	782	11	against	against	ADP
cblr-1726	782	12	the	the	DET
cblr-1726	782	13	expanded	expand	VERB
cblr-1726	782	14	use	use	NOUN
cblr-1726	782	15	of	of	ADP
cblr-1726	782	16	sdrs	sdr	NOUN
cblr-1726	782	17	in	in	ADP
cblr-1726	782	18	international	international	ADJ
cblr-1726	782	19	commercial	commercial	ADJ
cblr-1726	782	20	transactions	transaction	NOUN
cblr-1726	782	21	,	,	PUNCT
cblr-1726	782	22	see	see	VERB
cblr-1726	782	23	imf	imf	PROPN
cblr-1726	782	24	,	,	PUNCT
cblr-1726	782	25	enhancing	enhance	VERB
cblr-1726	782	26	international	international	ADJ
cblr-1726	782	27	monetary	monetary	ADJ
cblr-1726	782	28	stability	stability	NOUN
cblr-1726	782	29	—	—	PUNCT
cblr-1726	782	30	a	a	DET
cblr-1726	782	31	role	role	NOUN
cblr-1726	782	32	for	for	ADP
cblr-1726	782	33	the	the	DET
cblr-1726	782	34	sdr	sdr	PROPN
cblr-1726	782	35	?	?	PUNCT
cblr-1726	783	1	(	(	PUNCT
cblr-1726	783	2	jan	jan	PROPN
cblr-1726	783	3	.	.	PROPN
cblr-1726	783	4	7	7	NUM
cblr-1726	783	5	,	,	PUNCT
cblr-1726	783	6	2011	2011	NUM
cblr-1726	783	7	)	)	PUNCT
cblr-1726	783	8	,	,	PUNCT
cblr-1726	783	9	https://www.imf.org/external/np/pp/eng/2011/010711.pdf	https://www.imf.org/external/np/pp/eng/2011/010711.pdf	NOUN
cblr-1726	784	1	[	[	X
cblr-1726	784	2	perma.cc/8gavj9uh	perma.cc/8gavj9uh	NOUN
cblr-1726	784	3	]	]	X
cblr-1726	784	4	.	.	PUNCT
cblr-1726	785	1	more	more	ADV
cblr-1726	785	2	ambitious	ambitious	ADJ
cblr-1726	785	3	proposals	proposal	NOUN
cblr-1726	785	4	,	,	PUNCT
cblr-1726	785	5	meanwhile	meanwhile	ADV
cblr-1726	785	6	,	,	PUNCT
cblr-1726	785	7	envision	envision	VERB
cblr-1726	785	8	that	that	SCONJ
cblr-1726	785	9	an	an	DET
cblr-1726	785	10	international	international	ADJ
cblr-1726	785	11	currency	currency	NOUN
cblr-1726	785	12	could	could	AUX
cblr-1726	785	13	eventually	eventually	ADV
cblr-1726	785	14	replace	replace	VERB
cblr-1726	785	15	existing	exist	VERB
cblr-1726	785	16	national	national	ADJ
cblr-1726	785	17	currencies	currency	NOUN
cblr-1726	785	18	in	in	ADP
cblr-1726	785	19	the	the	DET
cblr-1726	785	20	same	same	ADJ
cblr-1726	785	21	way	way	NOUN
cblr-1726	785	22	that	that	PRON
cblr-1726	785	23	the	the	DET
cblr-1726	785	24	euro	euro	NOUN
cblr-1726	785	25	did	do	VERB
cblr-1726	785	26	for	for	ADP
cblr-1726	785	27	euro	euro	PROPN
cblr-1726	785	28	area	area	NOUN
cblr-1726	785	29	member	member	NOUN
cblr-1726	785	30	states	state	NOUN
cblr-1726	785	31	.	.	PUNCT
cblr-1726	786	1	awrey	awrey	PROPN
cblr-1726	786	2	–	–	PUNCT
cblr-1726	786	3	final	final	ADJ
cblr-1726	786	4	no	no	NOUN
cblr-1726	786	5	.	.	PUNCT
cblr-1726	787	1	3:934	3:934	X
cblr-1726	787	2	]	]	X
cblr-1726	787	3	foreign	foreign	ADJ
cblr-1726	787	4	currency	currency	NOUN
cblr-1726	787	5	liquidity	liquidity	NOUN
cblr-1726	787	6	assistance	assistance	NOUN
cblr-1726	787	7	993	993	NUM
cblr-1726	787	8	reduce	reduce	VERB
cblr-1726	787	9	exchange	exchange	NOUN
cblr-1726	787	10	rate	rate	NOUN
cblr-1726	787	11	volatility	volatility	NOUN
cblr-1726	787	12	,	,	PUNCT
cblr-1726	787	13	and	and	CCONJ
cblr-1726	787	14	moderate	moderate	VERB
cblr-1726	787	15	the	the	DET
cblr-1726	787	16	destabilizing	destabilizing	ADJ
cblr-1726	787	17	impact	impact	NOUN
cblr-1726	787	18	of	of	ADP
cblr-1726	787	19	global	global	ADJ
cblr-1726	787	20	trade	trade	NOUN
cblr-1726	787	21	imbalances.197	imbalances.197	NOUN
cblr-1726	787	22	in	in	ADP
cblr-1726	787	23	theory	theory	NOUN
cblr-1726	787	24	,	,	PUNCT
cblr-1726	787	25	however	however	ADV
cblr-1726	787	26	,	,	PUNCT
cblr-1726	787	27	the	the	DET
cblr-1726	787	28	creation	creation	NOUN
cblr-1726	787	29	of	of	ADP
cblr-1726	787	30	a	a	DET
cblr-1726	787	31	global	global	ADJ
cblr-1726	787	32	currency	currency	NOUN
cblr-1726	787	33	and	and	CCONJ
cblr-1726	787	34	central	central	ADJ
cblr-1726	787	35	bank	bank	NOUN
cblr-1726	787	36	could	could	AUX
cblr-1726	787	37	also	also	ADV
cblr-1726	787	38	help	help	VERB
cblr-1726	787	39	address	address	VERB
cblr-1726	787	40	foreign	foreign	ADJ
cblr-1726	787	41	currency	currency	NOUN
cblr-1726	787	42	liquidity	liquidity	NOUN
cblr-1726	787	43	problems	problem	NOUN
cblr-1726	787	44	.	.	PUNCT
cblr-1726	788	1	the	the	DET
cblr-1726	788	2	promise	promise	NOUN
cblr-1726	788	3	of	of	ADP
cblr-1726	788	4	an	an	DET
cblr-1726	788	5	international	international	ADJ
cblr-1726	788	6	currency	currency	NOUN
cblr-1726	788	7	—	—	PUNCT
cblr-1726	788	8	let	let	VERB
cblr-1726	788	9	’s	’s	PRON
cblr-1726	788	10	call	call	VERB
cblr-1726	788	11	it	it	PRON
cblr-1726	788	12	‘	'	PUNCT
cblr-1726	788	13	bancor	bancor	NOUN
cblr-1726	788	14	’	'	PUNCT
cblr-1726	788	15	in	in	ADP
cblr-1726	788	16	honor	honor	NOUN
cblr-1726	788	17	of	of	ADP
cblr-1726	788	18	keynes198	keynes198	PROPN
cblr-1726	788	19	—	—	PUNCT
cblr-1726	788	20	from	from	ADP
cblr-1726	788	21	this	this	DET
cblr-1726	788	22	perspective	perspective	NOUN
cblr-1726	788	23	resides	reside	VERB
cblr-1726	788	24	in	in	ADP
cblr-1726	788	25	the	the	DET
cblr-1726	788	26	ability	ability	NOUN
cblr-1726	788	27	of	of	ADP
cblr-1726	788	28	a	a	DET
cblr-1726	788	29	new	new	ADJ
cblr-1726	788	30	international	international	ADJ
cblr-1726	788	31	monetary	monetary	ADJ
cblr-1726	788	32	authority	authority	NOUN
cblr-1726	788	33	(	(	PUNCT
cblr-1726	788	34	“	"	PUNCT
cblr-1726	788	35	i	i	PRON
cblr-1726	788	36	m	m	PROPN
cblr-1726	788	37	a	a	X
cblr-1726	788	38	”	"	PUNCT
cblr-1726	788	39	)	)	PUNCT
cblr-1726	788	40	to	to	PART
cblr-1726	788	41	effectively	effectively	ADV
cblr-1726	788	42	consolidate	consolidate	VERB
cblr-1726	788	43	authority	authority	NOUN
cblr-1726	788	44	for	for	ADP
cblr-1726	788	45	monetary	monetary	ADJ
cblr-1726	788	46	policy	policy	NOUN
cblr-1726	788	47	,	,	PUNCT
cblr-1726	788	48	the	the	DET
cblr-1726	788	49	licensing	licensing	NOUN
cblr-1726	788	50	and	and	CCONJ
cblr-1726	788	51	prudential	prudential	ADJ
cblr-1726	788	52	regulation	regulation	NOUN
cblr-1726	788	53	of	of	ADP
cblr-1726	788	54	financial	financial	ADJ
cblr-1726	788	55	institutions	institution	NOUN
cblr-1726	788	56	engaged	engage	VERB
cblr-1726	788	57	in	in	ADP
cblr-1726	788	58	private	private	ADJ
cblr-1726	788	59	money	money	NOUN
cblr-1726	788	60	creation	creation	NOUN
cblr-1726	788	61	,	,	PUNCT
cblr-1726	788	62	and	and	CCONJ
cblr-1726	788	63	the	the	DET
cblr-1726	788	64	access	access	NOUN
cblr-1726	788	65	of	of	ADP
cblr-1726	788	66	these	these	DET
cblr-1726	788	67	institutions	institution	NOUN
cblr-1726	788	68	to	to	PART
cblr-1726	788	69	fcla	fcla	VERB
cblr-1726	788	70	.	.	PUNCT
cblr-1726	789	1	the	the	DET
cblr-1726	789	2	logical	logical	ADJ
cblr-1726	789	3	starting	starting	NOUN
cblr-1726	789	4	point	point	NOUN
cblr-1726	789	5	would	would	AUX
cblr-1726	789	6	be	be	AUX
cblr-1726	789	7	for	for	SCONJ
cblr-1726	789	8	signatory	signatory	ADJ
cblr-1726	789	9	states	state	NOUN
cblr-1726	789	10	to	to	PART
cblr-1726	789	11	confer	confer	VERB
cblr-1726	789	12	upon	upon	SCONJ
cblr-1726	789	13	the	the	DET
cblr-1726	789	14	i	i	PROPN
cblr-1726	789	15	m	m	PROPN
cblr-1726	789	16	a	a	DET
cblr-1726	789	17	clear	clear	ADJ
cblr-1726	789	18	authority	authority	NOUN
cblr-1726	789	19	over	over	ADP
cblr-1726	789	20	all	all	DET
cblr-1726	789	21	matters	matter	NOUN
cblr-1726	789	22	relating	relate	VERB
cblr-1726	789	23	to	to	ADP
cblr-1726	789	24	the	the	DET
cblr-1726	789	25	issuance	issuance	NOUN
cblr-1726	789	26	of	of	ADP
cblr-1726	789	27	short	short	ADJ
cblr-1726	789	28	-	-	PUNCT
cblr-1726	789	29	term	term	NOUN
cblr-1726	789	30	liabilities	liability	NOUN
cblr-1726	789	31	denominated	denominate	VERB
cblr-1726	789	32	in	in	ADP
cblr-1726	789	33	bancor	bancor	NOUN
cblr-1726	789	34	.	.	PUNCT
cblr-1726	790	1	banks	bank	NOUN
cblr-1726	790	2	and	and	CCONJ
cblr-1726	790	3	other	other	ADJ
cblr-1726	790	4	financial	financial	ADJ
cblr-1726	790	5	institutions	institution	NOUN
cblr-1726	790	6	licensed	license	VERB
cblr-1726	790	7	to	to	PART
cblr-1726	790	8	carry	carry	VERB
cblr-1726	790	9	on	on	ADP
cblr-1726	790	10	business	business	NOUN
cblr-1726	790	11	in	in	ADP
cblr-1726	790	12	these	these	DET
cblr-1726	790	13	jurisdictions	jurisdiction	NOUN
cblr-1726	790	14	would	would	AUX
cblr-1726	790	15	then	then	ADV
cblr-1726	790	16	be	be	AUX
cblr-1726	790	17	required	require	VERB
cblr-1726	790	18	to	to	PART
cblr-1726	790	19	apply	apply	VERB
cblr-1726	790	20	to	to	ADP
cblr-1726	790	21	the	the	DET
cblr-1726	790	22	i	i	PROPN
cblr-1726	790	23	m	m	VERB
cblr-1726	790	24	a	a	NOUN
cblr-1726	790	25	for	for	ADP
cblr-1726	790	26	an	an	DET
cblr-1726	790	27	additional	additional	ADJ
cblr-1726	790	28	license	license	NOUN
cblr-1726	790	29	to	to	PART
cblr-1726	790	30	be	be	AUX
cblr-1726	790	31	able	able	ADJ
cblr-1726	790	32	to	to	PART
cblr-1726	790	33	issue	issue	VERB
cblr-1726	790	34	short	short	ADJ
cblr-1726	790	35	-	-	PUNCT
cblr-1726	790	36	term	term	NOUN
cblr-1726	790	37	bancor	bancor	NOUN
cblr-1726	790	38	denominated	denominate	VERB
cblr-1726	790	39	liabilities.199	liabilities.199	NOUN
cblr-1726	790	40	this	this	DET
cblr-1726	790	41	license	license	NOUN
cblr-1726	790	42	would	would	AUX
cblr-1726	790	43	then	then	ADV
cblr-1726	790	44	be	be	AUX
cblr-1726	790	45	granted	grant	VERB
cblr-1726	790	46	on	on	ADP
cblr-1726	790	47	the	the	DET
cblr-1726	790	48	condition	condition	NOUN
cblr-1726	790	49	that	that	SCONJ
cblr-1726	790	50	financial	financial	ADJ
cblr-1726	790	51	institutions	institution	NOUN
cblr-1726	790	52	comply	comply	VERB
cblr-1726	790	53	with	with	ADP
cblr-1726	790	54	a	a	DET
cblr-1726	790	55	limited	limited	ADJ
cblr-1726	790	56	range	range	NOUN
cblr-1726	790	57	of	of	ADP
cblr-1726	790	58	targeted	target	VERB
cblr-1726	790	59	prudential	prudential	ADJ
cblr-1726	790	60	requirements	requirement	NOUN
cblr-1726	790	61	—	—	PUNCT
cblr-1726	790	62	e.g.	e.g.	ADV
cblr-1726	790	63	,	,	PUNCT
cblr-1726	790	64	currency	currency	NOUN
cblr-1726	790	65	-	-	PUNCT
cblr-1726	790	66	specific	specific	ADJ
cblr-1726	790	67	portfolio	portfolio	NOUN
cblr-1726	790	68	,	,	PUNCT
cblr-1726	790	69	capital	capital	NOUN
cblr-1726	790	70	,	,	PUNCT
cblr-1726	790	71	and	and	CCONJ
cblr-1726	790	72	liquidity	liquidity	NOUN
cblr-1726	790	73	constraints	constraint	NOUN
cblr-1726	790	74	—	—	PUNCT
cblr-1726	790	75	designed	design	VERB
cblr-1726	790	76	to	to	PART
cblr-1726	790	77	eliminate	eliminate	VERB
cblr-1726	790	78	the	the	DET
cblr-1726	790	79	prospect	prospect	NOUN
cblr-1726	790	80	197	197	NUM
cblr-1726	790	81	see	see	NOUN
cblr-1726	790	82	,	,	PUNCT
cblr-1726	790	83	e.g.	e.g.	ADV
cblr-1726	790	84	,	,	PUNCT
cblr-1726	790	85	mark	mark	PROPN
cblr-1726	790	86	carney	carney	PROPN
cblr-1726	790	87	,	,	PUNCT
cblr-1726	790	88	then	then	ADV
cblr-1726	790	89	governor	governor	NOUN
cblr-1726	790	90	of	of	ADP
cblr-1726	790	91	the	the	DET
cblr-1726	790	92	bank	bank	NOUN
cblr-1726	790	93	of	of	ADP
cblr-1726	790	94	can	can	PROPN
cblr-1726	790	95	.	.	PUNCT
cblr-1726	791	1	,	,	PUNCT
cblr-1726	791	2	remarks	remark	NOUN
cblr-1726	791	3	at	at	ADP
cblr-1726	791	4	the	the	DET
cblr-1726	791	5	spruce	spruce	NOUN
cblr-1726	791	6	meadows	meadow	NOUN
cblr-1726	791	7	changing	change	VERB
cblr-1726	791	8	fortunes	fortune	NOUN
cblr-1726	791	9	round	round	NOUN
cblr-1726	791	10	table	table	NOUN
cblr-1726	791	11	,	,	PUNCT
cblr-1726	791	12	calgary	calgary	PROPN
cblr-1726	791	13	,	,	PUNCT
cblr-1726	791	14	alberta	alberta	PROPN
cblr-1726	791	15	:	:	PUNCT
cblr-1726	791	16	restoring	restore	VERB
cblr-1726	791	17	faith	faith	NOUN
cblr-1726	791	18	in	in	ADP
cblr-1726	791	19	the	the	DET
cblr-1726	791	20	international	international	ADJ
cblr-1726	791	21	monetary	monetary	ADJ
cblr-1726	791	22	system	system	NOUN
cblr-1726	791	23	(	(	PUNCT
cblr-1726	791	24	sept	sept	PROPN
cblr-1726	791	25	.	.	PROPN
cblr-1726	791	26	10	10	NUM
cblr-1726	791	27	,	,	PUNCT
cblr-1726	791	28	2010	2010	NUM
cblr-1726	791	29	)	)	PUNCT
cblr-1726	791	30	,	,	PUNCT
cblr-1726	791	31	http://www.bis.org/review/r100916a.pdf	http://www.bis.org/review/r100916a.pdf	PROPN
cblr-1726	792	1	[	[	X
cblr-1726	792	2	perma.cc/zg7u-ewm7	perma.cc/zg7u-ewm7	X
cblr-1726	792	3	]	]	PUNCT
cblr-1726	792	4	.	.	PUNCT
cblr-1726	793	1	198	198	NUM
cblr-1726	793	2	and	and	CCONJ
cblr-1726	793	3	in	in	ADP
cblr-1726	793	4	honor	honor	NOUN
cblr-1726	793	5	of	of	ADP
cblr-1726	793	6	the	the	DET
cblr-1726	793	7	tradition	tradition	NOUN
cblr-1726	793	8	of	of	ADP
cblr-1726	793	9	naming	name	VERB
cblr-1726	793	10	hypothetical	hypothetical	ADJ
cblr-1726	793	11	international	international	ADJ
cblr-1726	793	12	currencies	currency	NOUN
cblr-1726	793	13	‘	'	PUNCT
cblr-1726	793	14	bancor	bancor	NOUN
cblr-1726	793	15	’	'	PUNCT
cblr-1726	793	16	in	in	ADP
cblr-1726	793	17	honor	honor	NOUN
cblr-1726	793	18	of	of	ADP
cblr-1726	793	19	keynes	keynes	PROPN
cblr-1726	793	20	.	.	PUNCT
cblr-1726	794	1	see	see	VERB
cblr-1726	794	2	e.g.	e.g.	ADV
cblr-1726	794	3	,	,	PUNCT
cblr-1726	794	4	hockett	hockett	NOUN
cblr-1726	794	5	,	,	PUNCT
cblr-1726	794	6	supra	supra	PROPN
cblr-1726	794	7	note	note	PROPN
cblr-1726	794	8	195	195	NUM
cblr-1726	794	9	,	,	PUNCT
cblr-1726	794	10	at	at	ADP
cblr-1726	794	11	480	480	NUM
cblr-1726	794	12	.	.	PUNCT
cblr-1726	795	1	199	199	NUM
cblr-1726	795	2	notably	notably	ADV
cblr-1726	795	3	,	,	PUNCT
cblr-1726	795	4	direct	direct	ADJ
cblr-1726	795	5	supervisory	supervisory	ADJ
cblr-1726	795	6	authority	authority	NOUN
cblr-1726	795	7	over	over	ADP
cblr-1726	795	8	domestic	domestic	ADJ
cblr-1726	795	9	financial	financial	ADJ
cblr-1726	795	10	institutions	institution	NOUN
cblr-1726	795	11	is	be	AUX
cblr-1726	795	12	not	not	PART
cblr-1726	795	13	a	a	DET
cblr-1726	795	14	feature	feature	NOUN
cblr-1726	795	15	of	of	ADP
cblr-1726	795	16	most	most	ADJ
cblr-1726	795	17	proposals	proposal	NOUN
cblr-1726	795	18	for	for	ADP
cblr-1726	795	19	the	the	DET
cblr-1726	795	20	creation	creation	NOUN
cblr-1726	795	21	of	of	ADP
cblr-1726	795	22	an	an	DET
cblr-1726	795	23	i	i	PROPN
cblr-1726	795	24	m	m	PROPN
cblr-1726	795	25	a	a	NOUN
cblr-1726	795	26	and	and	CCONJ
cblr-1726	795	27	currency	currency	NOUN
cblr-1726	795	28	.	.	PUNCT
cblr-1726	796	1	one	one	NUM
cblr-1726	796	2	possible	possible	ADJ
cblr-1726	796	3	alternative	alternative	NOUN
cblr-1726	796	4	would	would	AUX
cblr-1726	796	5	be	be	AUX
cblr-1726	796	6	for	for	SCONJ
cblr-1726	796	7	signatory	signatory	ADJ
cblr-1726	796	8	states	state	NOUN
cblr-1726	796	9	to	to	PART
cblr-1726	796	10	retain	retain	VERB
cblr-1726	796	11	supervisory	supervisory	ADJ
cblr-1726	796	12	authority	authority	NOUN
cblr-1726	796	13	under	under	ADP
cblr-1726	796	14	the	the	DET
cblr-1726	796	15	oversight	oversight	NOUN
cblr-1726	796	16	of	of	ADP
cblr-1726	796	17	an	an	DET
cblr-1726	796	18	i	i	PROPN
cblr-1726	796	19	m	m	PROPN
cblr-1726	796	20	a.	a.	NOUN
cblr-1726	796	21	this	this	DET
cblr-1726	796	22	oversight	oversight	NOUN
cblr-1726	796	23	authority	authority	NOUN
cblr-1726	796	24	would	would	AUX
cblr-1726	796	25	then	then	ADV
cblr-1726	796	26	need	need	VERB
cblr-1726	796	27	to	to	PART
cblr-1726	796	28	be	be	AUX
cblr-1726	796	29	coupled	couple	VERB
cblr-1726	796	30	with	with	ADP
cblr-1726	796	31	a	a	DET
cblr-1726	796	32	credible	credible	ADJ
cblr-1726	796	33	mechanism	mechanism	NOUN
cblr-1726	796	34	for	for	ADP
cblr-1726	796	35	imposing	impose	VERB
cblr-1726	796	36	costs	cost	NOUN
cblr-1726	796	37	on	on	ADP
cblr-1726	796	38	signatory	signatory	ADJ
cblr-1726	796	39	states	state	NOUN
cblr-1726	796	40	that	that	PRON
cblr-1726	796	41	failed	fail	VERB
cblr-1726	796	42	to	to	PART
cblr-1726	796	43	(	(	PUNCT
cblr-1726	796	44	i	i	NOUN
cblr-1726	796	45	)	)	PUNCT
cblr-1726	796	46	adopt	adopt	VERB
cblr-1726	796	47	adequate	adequate	ADJ
cblr-1726	796	48	prudential	prudential	ADJ
cblr-1726	796	49	regulation	regulation	NOUN
cblr-1726	796	50	and	and	CCONJ
cblr-1726	796	51	supervision	supervision	NOUN
cblr-1726	796	52	in	in	ADP
cblr-1726	796	53	connection	connection	NOUN
cblr-1726	796	54	with	with	ADP
cblr-1726	796	55	bancor	bancor	NOUN
cblr-1726	796	56	denominated	denominate	VERB
cblr-1726	796	57	assets	asset	NOUN
cblr-1726	796	58	and	and	CCONJ
cblr-1726	796	59	short	short	ADJ
cblr-1726	796	60	-	-	PUNCT
cblr-1726	796	61	term	term	NOUN
cblr-1726	796	62	liabilities	liability	NOUN
cblr-1726	796	63	or	or	CCONJ
cblr-1726	796	64	(	(	PUNCT
cblr-1726	796	65	ii	ii	NOUN
cblr-1726	796	66	)	)	PUNCT
cblr-1726	796	67	take	take	VERB
cblr-1726	796	68	action	action	NOUN
cblr-1726	796	69	to	to	PART
cblr-1726	796	70	prevent	prevent	VERB
cblr-1726	796	71	large	large	ADJ
cblr-1726	796	72	foreign	foreign	ADJ
cblr-1726	796	73	exchange	exchange	NOUN
cblr-1726	796	74	imbalances	imbalance	NOUN
cblr-1726	796	75	within	within	ADP
cblr-1726	796	76	their	their	PRON
cblr-1726	796	77	domestic	domestic	ADJ
cblr-1726	796	78	banking	banking	NOUN
cblr-1726	796	79	systems	system	NOUN
cblr-1726	796	80	.	.	PUNCT
cblr-1726	797	1	awrey	awrey	PROPN
cblr-1726	797	2	–	–	PUNCT
cblr-1726	797	3	final	final	ADJ
cblr-1726	797	4	994	994	NUM
cblr-1726	797	5	columbia	columbia	PROPN
cblr-1726	797	6	business	business	NOUN
cblr-1726	797	7	law	law	PROPN
cblr-1726	797	8	review	review	NOUN
cblr-1726	797	9	[	[	X
cblr-1726	797	10	vol	vol	NOUN
cblr-1726	797	11	.	.	NOUN
cblr-1726	797	12	2017	2017	NUM
cblr-1726	797	13	of	of	ADP
cblr-1726	797	14	regulatory	regulatory	ADJ
cblr-1726	797	15	arbitrage	arbitrage	NOUN
cblr-1726	797	16	and	and	CCONJ
cblr-1726	797	17	other	other	ADJ
cblr-1726	797	18	distortions.200	distortions.200	PRON
cblr-1726	797	19	financial	financial	ADJ
cblr-1726	797	20	institutions	institution	NOUN
cblr-1726	797	21	would	would	AUX
cblr-1726	797	22	also	also	ADV
cblr-1726	797	23	be	be	AUX
cblr-1726	797	24	required	require	VERB
cblr-1726	797	25	to	to	PART
cblr-1726	797	26	provide	provide	VERB
cblr-1726	797	27	the	the	DET
cblr-1726	797	28	i	i	NOUN
cblr-1726	797	29	m	m	VERB
cblr-1726	797	30	a	a	PRON
cblr-1726	797	31	with	with	ADP
cblr-1726	797	32	information	information	NOUN
cblr-1726	797	33	about	about	ADP
cblr-1726	797	34	their	their	PRON
cblr-1726	797	35	bancor	bancor	NOUN
cblr-1726	797	36	denominated	denominate	VERB
cblr-1726	797	37	assets	asset	NOUN
cblr-1726	797	38	and	and	CCONJ
cblr-1726	797	39	liabilities	liability	NOUN
cblr-1726	797	40	on	on	ADP
cblr-1726	797	41	an	an	DET
cblr-1726	797	42	ongoing	ongoing	ADJ
cblr-1726	797	43	basis.201	basis.201	NOUN
cblr-1726	797	44	where	where	SCONJ
cblr-1726	797	45	these	these	DET
cblr-1726	797	46	institutions	institution	NOUN
cblr-1726	797	47	experienced	experience	VERB
cblr-1726	797	48	temporary	temporary	ADJ
cblr-1726	797	49	liquidity	liquidity	NOUN
cblr-1726	797	50	problems	problem	NOUN
cblr-1726	797	51	,	,	PUNCT
cblr-1726	797	52	the	the	DET
cblr-1726	797	53	i	i	PROPN
cblr-1726	797	54	m	m	VERB
cblr-1726	797	55	a	a	PRON
cblr-1726	797	56	would	would	AUX
cblr-1726	797	57	then	then	ADV
cblr-1726	797	58	stand	stand	VERB
cblr-1726	797	59	ready	ready	ADJ
cblr-1726	797	60	to	to	PART
cblr-1726	797	61	provide	provide	VERB
cblr-1726	797	62	bancor	bancor	NOUN
cblr-1726	797	63	loans	loan	NOUN
cblr-1726	797	64	collateralized	collateralize	VERB
cblr-1726	797	65	against	against	ADP
cblr-1726	797	66	high	high	ADJ
cblr-1726	797	67	quality	quality	NOUN
cblr-1726	797	68	bancor	bancor	NOUN
cblr-1726	797	69	denominated	denominate	VERB
cblr-1726	797	70	assets	asset	NOUN
cblr-1726	797	71	on	on	ADP
cblr-1726	797	72	terms	term	NOUN
cblr-1726	797	73	that	that	SCONJ
cblr-1726	797	74	—	—	PUNCT
cblr-1726	797	75	reflecting	reflect	VERB
cblr-1726	797	76	bagehot	bagehot	NOUN
cblr-1726	797	77	’s	’s	PART
cblr-1726	797	78	dictum	dictum	NOUN
cblr-1726	797	79	—	—	PUNCT
cblr-1726	797	80	minimized	minimized	ADJ
cblr-1726	797	81	potential	potential	ADJ
cblr-1726	797	82	moral	moral	ADJ
cblr-1726	797	83	hazard	hazard	NOUN
cblr-1726	797	84	problems	problem	NOUN
cblr-1726	797	85	.	.	PUNCT
cblr-1726	798	1	by	by	ADP
cblr-1726	798	2	more	more	ADV
cblr-1726	798	3	firmly	firmly	ADV
cblr-1726	798	4	tethering	tether	VERB
cblr-1726	798	5	monetary	monetary	ADJ
cblr-1726	798	6	and	and	CCONJ
cblr-1726	798	7	regulatory	regulatory	ADJ
cblr-1726	798	8	authority	authority	NOUN
cblr-1726	798	9	,	,	PUNCT
cblr-1726	798	10	the	the	DET
cblr-1726	798	11	creation	creation	NOUN
cblr-1726	798	12	of	of	ADP
cblr-1726	798	13	an	an	DET
cblr-1726	798	14	international	international	ADJ
cblr-1726	798	15	currency	currency	NOUN
cblr-1726	798	16	and	and	CCONJ
cblr-1726	798	17	central	central	ADJ
cblr-1726	798	18	bank	bank	NOUN
cblr-1726	798	19	could	could	AUX
cblr-1726	798	20	thus	thus	ADV
cblr-1726	798	21	eliminate	eliminate	VERB
cblr-1726	798	22	some	some	PRON
cblr-1726	798	23	of	of	ADP
cblr-1726	798	24	the	the	DET
cblr-1726	798	25	frictions	friction	NOUN
cblr-1726	798	26	that	that	PRON
cblr-1726	798	27	currently	currently	ADV
cblr-1726	798	28	undermine	undermine	VERB
cblr-1726	798	29	the	the	DET
cblr-1726	798	30	ability	ability	NOUN
cblr-1726	798	31	of	of	ADP
cblr-1726	798	32	domestic	domestic	ADJ
cblr-1726	798	33	policymakers	policymaker	NOUN
cblr-1726	798	34	to	to	PART
cblr-1726	798	35	monitor	monitor	VERB
cblr-1726	798	36	the	the	DET
cblr-1726	798	37	build	build	NOUN
cblr-1726	798	38	-	-	PUNCT
cblr-1726	798	39	up	up	NOUN
cblr-1726	798	40	of	of	ADP
cblr-1726	798	41	the	the	DET
cblr-1726	798	42	risks	risk	NOUN
cblr-1726	798	43	associated	associate	VERB
cblr-1726	798	44	with	with	ADP
cblr-1726	798	45	private	private	ADJ
cblr-1726	798	46	money	money	NOUN
cblr-1726	798	47	creation	creation	NOUN
cblr-1726	798	48	,	,	PUNCT
cblr-1726	798	49	impose	impose	VERB
cblr-1726	798	50	consistent	consistent	ADJ
cblr-1726	798	51	and	and	CCONJ
cblr-1726	798	52	effective	effective	ADJ
cblr-1726	798	53	regulatory	regulatory	ADJ
cblr-1726	798	54	constraints	constraint	NOUN
cblr-1726	798	55	across	across	ADP
cblr-1726	798	56	jurisdictions	jurisdiction	NOUN
cblr-1726	798	57	and	and	CCONJ
cblr-1726	798	58	institutions	institution	NOUN
cblr-1726	798	59	,	,	PUNCT
cblr-1726	798	60	and	and	CCONJ
cblr-1726	798	61	respond	respond	VERB
cblr-1726	798	62	in	in	ADP
cblr-1726	798	63	a	a	DET
cblr-1726	798	64	more	more	ADV
cblr-1726	798	65	timely	timely	ADJ
cblr-1726	798	66	and	and	CCONJ
cblr-1726	798	67	comprehensive	comprehensive	ADJ
cblr-1726	798	68	fashion	fashion	NOUN
cblr-1726	798	69	to	to	ADP
cblr-1726	798	70	international	international	ADJ
cblr-1726	798	71	financial	financial	ADJ
cblr-1726	798	72	crises	crisis	NOUN
cblr-1726	798	73	.	.	PUNCT
cblr-1726	799	1	it	it	PRON
cblr-1726	799	2	would	would	AUX
cblr-1726	799	3	be	be	AUX
cblr-1726	799	4	an	an	DET
cblr-1726	799	5	understatement	understatement	NOUN
cblr-1726	799	6	to	to	PART
cblr-1726	799	7	say	say	VERB
cblr-1726	799	8	that	that	SCONJ
cblr-1726	799	9	there	there	PRON
cblr-1726	799	10	are	be	VERB
cblr-1726	799	11	a	a	DET
cblr-1726	799	12	number	number	NOUN
cblr-1726	799	13	of	of	ADP
cblr-1726	799	14	significant	significant	ADJ
cblr-1726	799	15	obstacles	obstacle	NOUN
cblr-1726	799	16	to	to	ADP
cblr-1726	799	17	the	the	DET
cblr-1726	799	18	creation	creation	NOUN
cblr-1726	799	19	and	and	CCONJ
cblr-1726	799	20	successful	successful	ADJ
cblr-1726	799	21	adoption	adoption	NOUN
cblr-1726	799	22	of	of	ADP
cblr-1726	799	23	an	an	DET
cblr-1726	799	24	international	international	ADJ
cblr-1726	799	25	currency	currency	NOUN
cblr-1726	799	26	and	and	CCONJ
cblr-1726	799	27	central	central	ADJ
cblr-1726	799	28	bank	bank	NOUN
cblr-1726	799	29	.	.	PUNCT
cblr-1726	800	1	the	the	DET
cblr-1726	800	2	first	first	ADJ
cblr-1726	800	3	obstacle	obstacle	NOUN
cblr-1726	800	4	would	would	AUX
cblr-1726	800	5	likely	likely	ADV
cblr-1726	800	6	be	be	AUX
cblr-1726	800	7	to	to	PART
cblr-1726	800	8	satisfy	satisfy	VERB
cblr-1726	800	9	policymakers	policymaker	NOUN
cblr-1726	800	10	that	that	SCONJ
cblr-1726	800	11	the	the	DET
cblr-1726	800	12	global	global	ADJ
cblr-1726	800	13	economy	economy	NOUN
cblr-1726	800	14	represented	represent	VERB
cblr-1726	800	15	what	what	PRON
cblr-1726	800	16	economists	economist	NOUN
cblr-1726	800	17	refer	refer	VERB
cblr-1726	800	18	to	to	ADP
cblr-1726	800	19	as	as	ADP
cblr-1726	800	20	an	an	DET
cblr-1726	800	21	“	"	PUNCT
cblr-1726	800	22	optimal	optimal	ADJ
cblr-1726	800	23	currency	currency	NOUN
cblr-1726	800	24	area	area	NOUN
cblr-1726	800	25	.	.	PUNCT
cblr-1726	801	1	”202	”202	NOUN
cblr-1726	801	2	whether	whether	SCONJ
cblr-1726	801	3	a	a	DET
cblr-1726	801	4	particular	particular	ADJ
cblr-1726	801	5	economic	economic	ADJ
cblr-1726	801	6	region	region	NOUN
cblr-1726	801	7	constitutes	constitute	VERB
cblr-1726	801	8	an	an	DET
cblr-1726	801	9	optimal	optimal	ADJ
cblr-1726	801	10	currency	currency	NOUN
cblr-1726	801	11	area	area	NOUN
cblr-1726	801	12	is	be	AUX
cblr-1726	801	13	a	a	DET
cblr-1726	801	14	function	function	NOUN
cblr-1726	801	15	of	of	ADP
cblr-1726	801	16	a	a	DET
cblr-1726	801	17	number	number	NOUN
cblr-1726	801	18	of	of	ADP
cblr-1726	801	19	factors	factor	NOUN
cblr-1726	801	20	.	.	PUNCT
cblr-1726	802	1	these	these	DET
cblr-1726	802	2	factors	factor	NOUN
cblr-1726	802	3	include	include	VERB
cblr-1726	802	4	:	:	PUNCT
cblr-1726	802	5	the	the	DET
cblr-1726	802	6	volume	volume	NOUN
cblr-1726	802	7	of	of	ADP
cblr-1726	802	8	cross	cross	ADJ
cblr-1726	802	9	-	-	ADJ
cblr-1726	802	10	border	border	ADJ
cblr-1726	802	11	trade	trade	NOUN
cblr-1726	802	12	between	between	ADP
cblr-1726	802	13	the	the	DET
cblr-1726	802	14	countries	country	NOUN
cblr-1726	802	15	within	within	ADP
cblr-1726	802	16	the	the	DET
cblr-1726	802	17	region	region	NOUN
cblr-1726	802	18	;	;	PUNCT
cblr-1726	802	19	existing	exist	VERB
cblr-1726	802	20	barriers	barrier	NOUN
cblr-1726	802	21	to	to	ADP
cblr-1726	802	22	the	the	DET
cblr-1726	802	23	free	free	ADJ
cblr-1726	802	24	movement	movement	NOUN
cblr-1726	802	25	of	of	ADP
cblr-1726	802	26	goods	good	NOUN
cblr-1726	802	27	,	,	PUNCT
cblr-1726	802	28	labour	labour	NOUN
cblr-1726	802	29	,	,	PUNCT
cblr-1726	802	30	and	and	CCONJ
cblr-1726	802	31	other	other	ADJ
cblr-1726	802	32	factors	factor	NOUN
cblr-1726	802	33	of	of	ADP
cblr-1726	802	34	production	production	NOUN
cblr-1726	802	35	between	between	ADP
cblr-1726	802	36	these	these	DET
cblr-1726	802	37	countries	country	NOUN
cblr-1726	802	38	;	;	PUNCT
cblr-1726	802	39	the	the	DET
cblr-1726	802	40	degree	degree	NOUN
cblr-1726	802	41	of	of	ADP
cblr-1726	802	42	homogene	homogene	NOUN
cblr-1726	802	43	200	200	NUM
cblr-1726	802	44	in	in	ADP
cblr-1726	802	45	order	order	NOUN
cblr-1726	802	46	to	to	PART
cblr-1726	802	47	minimize	minimize	VERB
cblr-1726	802	48	unnecessary	unnecessary	ADJ
cblr-1726	802	49	divergence	divergence	NOUN
cblr-1726	802	50	or	or	CCONJ
cblr-1726	802	51	duplication	duplication	NOUN
cblr-1726	802	52	,	,	PUNCT
cblr-1726	802	53	these	these	DET
cblr-1726	802	54	requirements	requirement	NOUN
cblr-1726	802	55	could	could	AUX
cblr-1726	802	56	be	be	AUX
cblr-1726	802	57	linked	link	VERB
cblr-1726	802	58	to	to	ADP
cblr-1726	802	59	the	the	DET
cblr-1726	802	60	capital	capital	NOUN
cblr-1726	802	61	adequacy	adequacy	NOUN
cblr-1726	802	62	and	and	CCONJ
cblr-1726	802	63	liquidity	liquidity	NOUN
cblr-1726	802	64	rules	rule	NOUN
cblr-1726	802	65	produced	produce	VERB
cblr-1726	802	66	by	by	ADP
cblr-1726	802	67	the	the	DET
cblr-1726	802	68	basel	basel	PROPN
cblr-1726	802	69	committee	committee	PROPN
cblr-1726	802	70	on	on	ADP
cblr-1726	802	71	banking	banking	NOUN
cblr-1726	802	72	supervision	supervision	NOUN
cblr-1726	802	73	(	(	PUNCT
cblr-1726	802	74	bcbs	bcbs	PROPN
cblr-1726	802	75	)	)	PUNCT
cblr-1726	802	76	.	.	PUNCT
cblr-1726	803	1	see	see	VERB
cblr-1726	803	2	basel	basel	PROPN
cblr-1726	803	3	comm	comm	NOUN
cblr-1726	803	4	.	.	PUNCT
cblr-1726	804	1	on	on	ADP
cblr-1726	804	2	banking	banking	NOUN
cblr-1726	804	3	supervision	supervision	NOUN
cblr-1726	804	4	,	,	PUNCT
cblr-1726	804	5	basel	basel	PROPN
cblr-1726	804	6	iii	iii	PROPN
cblr-1726	804	7	:	:	PUNCT
cblr-1726	804	8	a	a	DET
cblr-1726	804	9	global	global	ADJ
cblr-1726	804	10	regulatory	regulatory	ADJ
cblr-1726	804	11	framework	framework	NOUN
cblr-1726	804	12	for	for	ADP
cblr-1726	804	13	more	more	ADV
cblr-1726	804	14	resilient	resilient	ADJ
cblr-1726	804	15	banks	bank	NOUN
cblr-1726	804	16	and	and	CCONJ
cblr-1726	804	17	banking	banking	NOUN
cblr-1726	804	18	sys	sys	PROPN
cblr-1726	804	19	.	.	PUNCT
cblr-1726	805	1	(	(	PUNCT
cblr-1726	805	2	2011	2011	NUM
cblr-1726	805	3	)	)	PUNCT
cblr-1726	805	4	,	,	PUNCT
cblr-1726	805	5	http://www.bis.org/publ/bcbs189.pdf	http://www.bis.org/publ/bcbs189.pdf	X
cblr-1726	806	1	[	[	X
cblr-1726	806	2	perma.cc/382v-brch	perma.cc/382v-brch	NOUN
cblr-1726	806	3	]	]	PUNCT
cblr-1726	806	4	.	.	PUNCT
cblr-1726	807	1	201	201	NUM
cblr-1726	807	2	the	the	DET
cblr-1726	807	3	type	type	NOUN
cblr-1726	807	4	of	of	ADP
cblr-1726	807	5	information	information	NOUN
cblr-1726	807	6	that	that	PRON
cblr-1726	807	7	could	could	AUX
cblr-1726	807	8	be	be	AUX
cblr-1726	807	9	provided	provide	VERB
cblr-1726	807	10	,	,	PUNCT
cblr-1726	807	11	and	and	CCONJ
cblr-1726	807	12	the	the	DET
cblr-1726	807	13	uses	use	NOUN
cblr-1726	807	14	to	to	PART
cblr-1726	807	15	which	which	PRON
cblr-1726	807	16	it	it	PRON
cblr-1726	807	17	might	might	AUX
cblr-1726	807	18	be	be	AUX
cblr-1726	807	19	put	put	VERB
cblr-1726	807	20	,	,	PUNCT
cblr-1726	807	21	are	be	AUX
cblr-1726	807	22	examined	examine	VERB
cblr-1726	807	23	in	in	ADP
cblr-1726	807	24	greater	great	ADJ
cblr-1726	807	25	detail	detail	NOUN
cblr-1726	807	26	in	in	ADP
cblr-1726	807	27	section	section	NOUN
cblr-1726	807	28	v.c	v.c	PROPN
cblr-1726	807	29	.	.	PROPN
cblr-1726	807	30	202	202	NUM
cblr-1726	807	31	see	see	VERB
cblr-1726	807	32	robert	robert	PROPN
cblr-1726	807	33	a.	a.	PROPN
cblr-1726	807	34	mundell	mundell	PROPN
cblr-1726	807	35	,	,	PUNCT
cblr-1726	807	36	a	a	DET
cblr-1726	807	37	theory	theory	NOUN
cblr-1726	807	38	of	of	ADP
cblr-1726	807	39	optimal	optimal	ADJ
cblr-1726	807	40	currency	currency	NOUN
cblr-1726	807	41	areas	area	NOUN
cblr-1726	807	42	,	,	PUNCT
cblr-1726	807	43	51	51	NUM
cblr-1726	807	44	am	am	NOUN
cblr-1726	807	45	.	.	PUNCT
cblr-1726	808	1	econ	econ	PROPN
cblr-1726	808	2	.	.	PUNCT
cblr-1726	809	1	rev	rev	PROPN
cblr-1726	809	2	.	.	PROPN
cblr-1726	810	1	657	657	NUM
cblr-1726	810	2	(	(	PUNCT
cblr-1726	810	3	1961	1961	NUM
cblr-1726	810	4	)	)	PUNCT
cblr-1726	810	5	.	.	PUNCT
cblr-1726	811	1	awrey	awrey	PROPN
cblr-1726	811	2	–	–	PUNCT
cblr-1726	811	3	final	final	ADJ
cblr-1726	811	4	no	no	NOUN
cblr-1726	811	5	.	.	PUNCT
cblr-1726	812	1	3:934	3:934	X
cblr-1726	812	2	]	]	X
cblr-1726	812	3	foreign	foreign	ADJ
cblr-1726	812	4	currency	currency	NOUN
cblr-1726	812	5	liquidity	liquidity	NOUN
cblr-1726	812	6	assistance	assistance	NOUN
cblr-1726	812	7	995	995	NUM
cblr-1726	812	8	ity	ity	NOUN
cblr-1726	812	9	in	in	ADP
cblr-1726	812	10	the	the	DET
cblr-1726	812	11	economic	economic	ADJ
cblr-1726	812	12	structure	structure	NOUN
cblr-1726	812	13	and	and	CCONJ
cblr-1726	812	14	business	business	NOUN
cblr-1726	812	15	cycles	cycle	NOUN
cblr-1726	812	16	of	of	ADP
cblr-1726	812	17	the	the	DET
cblr-1726	812	18	industries	industry	NOUN
cblr-1726	812	19	within	within	ADP
cblr-1726	812	20	these	these	DET
cblr-1726	812	21	countries	country	NOUN
cblr-1726	812	22	and	and	CCONJ
cblr-1726	812	23	;	;	PUNCT
cblr-1726	812	24	any	any	DET
cblr-1726	812	25	differences	difference	NOUN
cblr-1726	812	26	in	in	ADP
cblr-1726	812	27	the	the	DET
cblr-1726	812	28	volatility	volatility	NOUN
cblr-1726	812	29	of	of	ADP
cblr-1726	812	30	prices	price	NOUN
cblr-1726	812	31	across	across	ADP
cblr-1726	812	32	the	the	DET
cblr-1726	812	33	region.203	region.203	NOUN
cblr-1726	812	34	the	the	PRON
cblr-1726	812	35	higher	high	ADJ
cblr-1726	812	36	the	the	DET
cblr-1726	812	37	level	level	NOUN
cblr-1726	812	38	of	of	ADP
cblr-1726	812	39	economic	economic	ADJ
cblr-1726	812	40	integration	integration	NOUN
cblr-1726	812	41	and	and	CCONJ
cblr-1726	812	42	homogeneity	homogeneity	NOUN
cblr-1726	812	43	,	,	PUNCT
cblr-1726	812	44	the	the	PRON
cblr-1726	812	45	more	more	ADV
cblr-1726	812	46	likely	likely	ADJ
cblr-1726	812	47	it	it	PRON
cblr-1726	812	48	is	be	AUX
cblr-1726	812	49	that	that	SCONJ
cblr-1726	812	50	a	a	DET
cblr-1726	812	51	region	region	NOUN
cblr-1726	812	52	will	will	AUX
cblr-1726	812	53	represent	represent	VERB
cblr-1726	812	54	an	an	DET
cblr-1726	812	55	optimal	optimal	ADJ
cblr-1726	812	56	currency	currency	NOUN
cblr-1726	812	57	area	area	NOUN
cblr-1726	812	58	.	.	PUNCT
cblr-1726	813	1	at	at	ADP
cblr-1726	813	2	the	the	DET
cblr-1726	813	3	heart	heart	NOUN
cblr-1726	813	4	of	of	ADP
cblr-1726	813	5	this	this	DET
cblr-1726	813	6	determination	determination	NOUN
cblr-1726	813	7	is	be	AUX
cblr-1726	813	8	then	then	ADV
cblr-1726	813	9	a	a	DET
cblr-1726	813	10	tradeoff	tradeoff	NOUN
cblr-1726	813	11	between	between	ADP
cblr-1726	813	12	the	the	DET
cblr-1726	813	13	anticipated	anticipate	VERB
cblr-1726	813	14	reduction	reduction	NOUN
cblr-1726	813	15	in	in	ADP
cblr-1726	813	16	transaction	transaction	NOUN
cblr-1726	813	17	costs	cost	NOUN
cblr-1726	813	18	and	and	CCONJ
cblr-1726	813	19	uncertainty	uncertainty	NOUN
cblr-1726	813	20	associated	associate	VERB
cblr-1726	813	21	with	with	ADP
cblr-1726	813	22	a	a	DET
cblr-1726	813	23	currency	currency	NOUN
cblr-1726	813	24	union	union	NOUN
cblr-1726	813	25	versus	versus	ADP
cblr-1726	813	26	the	the	DET
cblr-1726	813	27	constraints	constraint	NOUN
cblr-1726	813	28	that	that	PRON
cblr-1726	813	29	this	this	DET
cblr-1726	813	30	union	union	NOUN
cblr-1726	813	31	imposes	impose	VERB
cblr-1726	813	32	on	on	ADP
cblr-1726	813	33	the	the	DET
cblr-1726	813	34	ability	ability	NOUN
cblr-1726	813	35	of	of	ADP
cblr-1726	813	36	domestic	domestic	ADJ
cblr-1726	813	37	policymakers	policymaker	NOUN
cblr-1726	813	38	to	to	PART
cblr-1726	813	39	adjust	adjust	VERB
cblr-1726	813	40	to	to	ADP
cblr-1726	813	41	idiosyncratic	idiosyncratic	ADJ
cblr-1726	813	42	shocks	shock	NOUN
cblr-1726	813	43	through	through	ADP
cblr-1726	813	44	changes	change	NOUN
cblr-1726	813	45	in	in	ADP
cblr-1726	813	46	domestic	domestic	ADJ
cblr-1726	813	47	interest	interest	NOUN
cblr-1726	813	48	and	and	CCONJ
cblr-1726	813	49	exchange	exchange	NOUN
cblr-1726	813	50	rates.204	rates.204	VERB
cblr-1726	813	51	the	the	DET
cblr-1726	813	52	concept	concept	NOUN
cblr-1726	813	53	of	of	ADP
cblr-1726	813	54	an	an	DET
cblr-1726	813	55	optimal	optimal	ADJ
cblr-1726	813	56	currency	currency	NOUN
cblr-1726	813	57	area	area	NOUN
cblr-1726	813	58	is	be	AUX
cblr-1726	813	59	far	far	ADV
cblr-1726	813	60	from	from	ADP
cblr-1726	813	61	perfect	perfect	ADJ
cblr-1726	813	62	.	.	PUNCT
cblr-1726	814	1	amongst	amongst	ADP
cblr-1726	814	2	other	other	ADJ
cblr-1726	814	3	problems	problem	NOUN
cblr-1726	814	4	,	,	PUNCT
cblr-1726	814	5	the	the	DET
cblr-1726	814	6	type	type	NOUN
cblr-1726	814	7	of	of	ADP
cblr-1726	814	8	static	static	ADJ
cblr-1726	814	9	and	and	CCONJ
cblr-1726	814	10	homogeneous	homogeneous	ADJ
cblr-1726	814	11	economic	economic	ADJ
cblr-1726	814	12	regions	region	NOUN
cblr-1726	814	13	that	that	PRON
cblr-1726	814	14	are	be	AUX
cblr-1726	814	15	most	most	ADV
cblr-1726	814	16	likely	likely	ADJ
cblr-1726	814	17	to	to	PART
cblr-1726	814	18	represent	represent	VERB
cblr-1726	814	19	optimal	optimal	ADJ
cblr-1726	814	20	currency	currency	NOUN
cblr-1726	814	21	areas	area	NOUN
cblr-1726	814	22	are	be	AUX
cblr-1726	814	23	—	—	PUNCT
cblr-1726	814	24	for	for	ADP
cblr-1726	814	25	the	the	DET
cblr-1726	814	26	very	very	ADV
cblr-1726	814	27	same	same	ADJ
cblr-1726	814	28	reasons	reason	NOUN
cblr-1726	814	29	—	—	PUNCT
cblr-1726	814	30	likely	likely	ADJ
cblr-1726	814	31	to	to	PART
cblr-1726	814	32	suffer	suffer	VERB
cblr-1726	814	33	from	from	ADP
cblr-1726	814	34	sclerotic	sclerotic	ADJ
cblr-1726	814	35	growth	growth	NOUN
cblr-1726	814	36	and	and	CCONJ
cblr-1726	814	37	innovation	innovation	NOUN
cblr-1726	814	38	and	and	CCONJ
cblr-1726	814	39	inefficient	inefficient	ADJ
cblr-1726	814	40	and	and	CCONJ
cblr-1726	814	41	potentially	potentially	ADV
cblr-1726	814	42	destabilizing	destabilizing	ADJ
cblr-1726	814	43	under	under	ADP
cblr-1726	814	44	-	-	PUNCT
cblr-1726	814	45	diversification.205	diversification.205	NOUN
cblr-1726	814	46	nevertheless	nevertheless	ADV
cblr-1726	814	47	,	,	PUNCT
cblr-1726	814	48	even	even	ADV
cblr-1726	814	49	a	a	DET
cblr-1726	814	50	cursory	cursory	ADJ
cblr-1726	814	51	examination	examination	NOUN
cblr-1726	814	52	of	of	ADP
cblr-1726	814	53	the	the	DET
cblr-1726	814	54	factors	factor	NOUN
cblr-1726	814	55	that	that	PRON
cblr-1726	814	56	determine	determine	VERB
cblr-1726	814	57	whether	whether	SCONJ
cblr-1726	814	58	a	a	DET
cblr-1726	814	59	region	region	NOUN
cblr-1726	814	60	constitutes	constitute	VERB
cblr-1726	814	61	an	an	DET
cblr-1726	814	62	optimal	optimal	ADJ
cblr-1726	814	63	currency	currency	NOUN
cblr-1726	814	64	area	area	NOUN
cblr-1726	814	65	suggests	suggest	VERB
cblr-1726	814	66	that	that	SCONJ
cblr-1726	814	67	—	—	PUNCT
cblr-1726	814	68	as	as	ADP
cblr-1726	814	69	a	a	DET
cblr-1726	814	70	threshold	threshold	NOUN
cblr-1726	814	71	matter	matter	NOUN
cblr-1726	814	72	—	—	PUNCT
cblr-1726	814	73	the	the	DET
cblr-1726	814	74	economic	economic	ADJ
cblr-1726	814	75	case	case	NOUN
cblr-1726	814	76	for	for	ADP
cblr-1726	814	77	the	the	DET
cblr-1726	814	78	creation	creation	NOUN
cblr-1726	814	79	of	of	ADP
cblr-1726	814	80	an	an	DET
cblr-1726	814	81	international	international	ADJ
cblr-1726	814	82	currency	currency	NOUN
cblr-1726	814	83	is	be	AUX
cblr-1726	814	84	far	far	ADV
cblr-1726	814	85	from	from	ADP
cblr-1726	814	86	clear	clear	ADJ
cblr-1726	814	87	cut	cut	NOUN
cblr-1726	814	88	.	.	PUNCT
cblr-1726	815	1	the	the	DET
cblr-1726	815	2	second	second	ADJ
cblr-1726	815	3	challenge	challenge	NOUN
cblr-1726	815	4	would	would	AUX
cblr-1726	815	5	be	be	AUX
cblr-1726	815	6	the	the	DET
cblr-1726	815	7	naked	naked	ADJ
cblr-1726	815	8	political	political	ADJ
cblr-1726	815	9	one	one	NOUN
cblr-1726	815	10	that	that	PRON
cblr-1726	815	11	keynes	keyne	VERB
cblr-1726	815	12	himself	himself	PRON
cblr-1726	815	13	encountered	encounter	VERB
cblr-1726	815	14	at	at	ADP
cblr-1726	815	15	bretton	bretton	PROPN
cblr-1726	815	16	woods.206	woods.206	PROPN
cblr-1726	815	17	how	how	SCONJ
cblr-1726	815	18	does	do	AUX
cblr-1726	815	19	one	one	NUM
cblr-1726	815	20	persuade	persuade	VERB
cblr-1726	815	21	sovereign	sovereign	ADJ
cblr-1726	815	22	countries	country	NOUN
cblr-1726	815	23	—	—	PUNCT
cblr-1726	815	24	and	and	CCONJ
cblr-1726	815	25	especially	especially	ADV
cblr-1726	815	26	countries	country	NOUN
cblr-1726	815	27	203	203	NUM
cblr-1726	815	28	for	for	ADP
cblr-1726	815	29	a	a	DET
cblr-1726	815	30	synthesis	synthesis	NOUN
cblr-1726	815	31	of	of	ADP
cblr-1726	815	32	these	these	DET
cblr-1726	815	33	variables	variable	NOUN
cblr-1726	815	34	,	,	PUNCT
cblr-1726	815	35	see	see	VERB
cblr-1726	815	36	paul	paul	PROPN
cblr-1726	815	37	r.	r.	PROPN
cblr-1726	815	38	krugman	krugman	PROPN
cblr-1726	815	39	&	&	CCONJ
cblr-1726	815	40	maurice	maurice	PROPN
cblr-1726	815	41	obstfeld	obstfeld	PROPN
cblr-1726	815	42	,	,	PUNCT
cblr-1726	815	43	international	international	ADJ
cblr-1726	815	44	economics	economic	NOUN
cblr-1726	815	45	:	:	PUNCT
cblr-1726	815	46	theory	theory	NOUN
cblr-1726	815	47	&	&	CCONJ
cblr-1726	815	48	policy	policy	NOUN
cblr-1726	815	49	,	,	PUNCT
cblr-1726	815	50	558–72	558–72	NUM
cblr-1726	815	51	(	(	PUNCT
cblr-1726	815	52	7th	7th	ADJ
cblr-1726	815	53	ed	ed	NOUN
cblr-1726	815	54	.	.	PUNCT
cblr-1726	815	55	2006	2006	NUM
cblr-1726	815	56	)	)	PUNCT
cblr-1726	815	57	.	.	PUNCT
cblr-1726	816	1	see	see	VERB
cblr-1726	816	2	also	also	ADV
cblr-1726	816	3	steil	steil	PROPN
cblr-1726	816	4	&	&	CCONJ
cblr-1726	816	5	hinds	hinds	PROPN
cblr-1726	816	6	,	,	PUNCT
cblr-1726	816	7	supra	supra	PROPN
cblr-1726	816	8	note	note	NOUN
cblr-1726	816	9	10	10	NUM
cblr-1726	816	10	,	,	PUNCT
cblr-1726	816	11	at	at	ADP
cblr-1726	816	12	138–45	138–45	NUM
cblr-1726	816	13	.	.	PUNCT
cblr-1726	817	1	204	204	NUM
cblr-1726	817	2	maurice	maurice	NOUN
cblr-1726	817	3	obstfeld	obstfeld	VERB
cblr-1726	817	4	,	,	PUNCT
cblr-1726	817	5	professor	professor	NOUN
cblr-1726	817	6	of	of	ADP
cblr-1726	817	7	econ	econ	PROPN
cblr-1726	817	8	.	.	PUNCT
cblr-1726	817	9	,	,	PUNCT
cblr-1726	817	10	u.	u.	PROPN
cblr-1726	817	11	of	of	ADP
cblr-1726	817	12	cal	cal	PROPN
cblr-1726	817	13	.	.	PUNCT
cblr-1726	818	1	berkeley	berkeley	PROPN
cblr-1726	818	2	,	,	PUNCT
cblr-1726	818	3	paul	paul	PROPN
cblr-1726	818	4	masson	masson	PROPN
cblr-1726	818	5	,	,	PUNCT
cblr-1726	818	6	senior	senior	ADJ
cblr-1726	818	7	advisor	advisor	NOUN
cblr-1726	818	8	,	,	PUNCT
cblr-1726	818	9	imf	imf	PROPN
cblr-1726	818	10	res	res	PROPN
cblr-1726	818	11	.	.	PUNCT
cblr-1726	818	12	dep’t	dep’t	PROPN
cblr-1726	818	13	,	,	PUNCT
cblr-1726	818	14	robert	robert	PROPN
cblr-1726	818	15	mundell	mundell	PROPN
cblr-1726	818	16	,	,	PUNCT
cblr-1726	818	17	1999	1999	NUM
cblr-1726	818	18	nobel	nobel	PROPN
cblr-1726	818	19	laureate	laureate	NOUN
cblr-1726	818	20	and	and	CCONJ
cblr-1726	818	21	professor	professor	NOUN
cblr-1726	818	22	of	of	ADP
cblr-1726	818	23	econ	econ	PROPN
cblr-1726	818	24	.	.	PROPN
cblr-1726	818	25	,	,	PUNCT
cblr-1726	818	26	colum	colum	PROPN
cblr-1726	818	27	.	.	PUNCT
cblr-1726	819	1	u.	u.	PROPN
cblr-1726	819	2	,	,	PUNCT
cblr-1726	819	3	remarks	remark	VERB
cblr-1726	819	4	at	at	ADP
cblr-1726	819	5	the	the	DET
cblr-1726	819	6	imf	imf	PROPN
cblr-1726	819	7	economic	economic	PROPN
cblr-1726	819	8	forum	forum	PROPN
cblr-1726	819	9	—	—	PUNCT
cblr-1726	819	10	one	one	NUM
cblr-1726	819	11	world	world	NOUN
cblr-1726	819	12	,	,	PUNCT
cblr-1726	819	13	one	one	NUM
cblr-1726	819	14	currency	currency	NOUN
cblr-1726	819	15	:	:	PUNCT
cblr-1726	819	16	destination	destination	NOUN
cblr-1726	819	17	or	or	CCONJ
cblr-1726	819	18	delusion	delusion	NOUN
cblr-1726	819	19	?	?	PUNCT
cblr-1726	820	1	(	(	PUNCT
cblr-1726	820	2	nov	nov	PROPN
cblr-1726	820	3	.	.	PROPN
cblr-1726	820	4	8	8	NUM
cblr-1726	820	5	,	,	PUNCT
cblr-1726	820	6	2000	2000	NUM
cblr-1726	820	7	)	)	PUNCT
cblr-1726	820	8	,	,	PUNCT
cblr-1726	820	9	https://www.imf.org/en/news/articles/2015/09/28/04/54/tr001108	https://www.imf.org/en/news/articles/2015/09/28/04/54/tr001108	PROPN
cblr-1726	820	10	[	[	X
cblr-1726	820	11	perma.cc/pg5p-e6c5	perma.cc/pg5p-e6c5	X
cblr-1726	820	12	]	]	X
cblr-1726	820	13	.	.	PUNCT
cblr-1726	821	1	205	205	NUM
cblr-1726	821	2	see	see	VERB
cblr-1726	821	3	steil	steil	PROPN
cblr-1726	821	4	&	&	CCONJ
cblr-1726	821	5	hinds	hinds	PROPN
cblr-1726	821	6	,	,	PUNCT
cblr-1726	821	7	supra	supra	PROPN
cblr-1726	821	8	note	note	NOUN
cblr-1726	821	9	10	10	NUM
cblr-1726	821	10	,	,	PUNCT
cblr-1726	821	11	at	at	ADP
cblr-1726	821	12	141–45	141–45	NUM
cblr-1726	821	13	for	for	ADP
cblr-1726	821	14	a	a	DET
cblr-1726	821	15	more	more	ADV
cblr-1726	821	16	detailed	detailed	ADJ
cblr-1726	821	17	overview	overview	NOUN
cblr-1726	821	18	of	of	ADP
cblr-1726	821	19	some	some	PRON
cblr-1726	821	20	of	of	ADP
cblr-1726	821	21	the	the	DET
cblr-1726	821	22	theoretical	theoretical	ADJ
cblr-1726	821	23	problems	problem	NOUN
cblr-1726	821	24	associated	associate	VERB
cblr-1726	821	25	with	with	ADP
cblr-1726	821	26	the	the	DET
cblr-1726	821	27	concept	concept	NOUN
cblr-1726	821	28	of	of	ADP
cblr-1726	821	29	an	an	DET
cblr-1726	821	30	optimal	optimal	ADJ
cblr-1726	821	31	currency	currency	NOUN
cblr-1726	821	32	area	area	NOUN
cblr-1726	821	33	.	.	PUNCT
cblr-1726	821	34	206	206	NUM
cblr-1726	821	35	for	for	ADP
cblr-1726	821	36	an	an	DET
cblr-1726	821	37	excellent	excellent	ADJ
cblr-1726	821	38	account	account	NOUN
cblr-1726	821	39	of	of	ADP
cblr-1726	821	40	keynes	keyne	NOUN
cblr-1726	821	41	’	'	PUNCT
cblr-1726	821	42	experience	experience	NOUN
cblr-1726	821	43	at	at	ADP
cblr-1726	821	44	the	the	DET
cblr-1726	821	45	bretton	bretton	PROPN
cblr-1726	821	46	woods	woods	PROPN
cblr-1726	821	47	conference	conference	NOUN
cblr-1726	821	48	,	,	PUNCT
cblr-1726	821	49	see	see	VERB
cblr-1726	821	50	benn	benn	PROPN
cblr-1726	821	51	steil	steil	PROPN
cblr-1726	821	52	,	,	PUNCT
cblr-1726	821	53	the	the	DET
cblr-1726	821	54	battle	battle	NOUN
cblr-1726	821	55	of	of	ADP
cblr-1726	821	56	bretton	bretton	PROPN
cblr-1726	821	57	woods	wood	NOUN
cblr-1726	821	58	:	:	PUNCT
cblr-1726	821	59	john	john	PROPN
cblr-1726	821	60	maynard	maynard	PROPN
cblr-1726	821	61	keynes	keynes	PROPN
cblr-1726	821	62	,	,	PUNCT
cblr-1726	821	63	harry	harry	PROPN
cblr-1726	821	64	dexter	dexter	PROPN
cblr-1726	821	65	white	white	PROPN
cblr-1726	821	66	,	,	PUNCT
cblr-1726	821	67	and	and	CCONJ
cblr-1726	821	68	the	the	DET
cblr-1726	821	69	making	making	NOUN
cblr-1726	821	70	of	of	ADP
cblr-1726	821	71	the	the	DET
cblr-1726	821	72	new	new	ADJ
cblr-1726	821	73	world	world	NOUN
cblr-1726	821	74	order	order	NOUN
cblr-1726	821	75	(	(	PUNCT
cblr-1726	821	76	2013	2013	NUM
cblr-1726	821	77	)	)	PUNCT
cblr-1726	821	78	.	.	PUNCT
cblr-1726	822	1	awrey	awrey	PROPN
cblr-1726	822	2	–	–	PUNCT
cblr-1726	822	3	final	final	ADJ
cblr-1726	822	4	996	996	NUM
cblr-1726	822	5	columbia	columbia	PROPN
cblr-1726	822	6	business	business	NOUN
cblr-1726	822	7	law	law	PROPN
cblr-1726	822	8	review	review	NOUN
cblr-1726	823	1	[	[	X
cblr-1726	823	2	vol	vol	NOUN
cblr-1726	823	3	.	.	NOUN
cblr-1726	823	4	2017	2017	NUM
cblr-1726	823	5	that	that	PRON
cblr-1726	823	6	derive	derive	VERB
cblr-1726	823	7	substantial	substantial	ADJ
cblr-1726	823	8	benefits	benefit	NOUN
cblr-1726	823	9	from	from	ADP
cblr-1726	823	10	the	the	DET
cblr-1726	823	11	existing	exist	VERB
cblr-1726	823	12	international	international	ADJ
cblr-1726	823	13	system	system	NOUN
cblr-1726	823	14	—	—	PUNCT
cblr-1726	823	15	to	to	PART
cblr-1726	823	16	transfer	transfer	VERB
cblr-1726	823	17	authority	authority	NOUN
cblr-1726	823	18	over	over	ADP
cblr-1726	823	19	an	an	DET
cblr-1726	823	20	important	important	ADJ
cblr-1726	823	21	area	area	NOUN
cblr-1726	823	22	of	of	ADP
cblr-1726	823	23	economic	economic	ADJ
cblr-1726	823	24	affairs	affair	NOUN
cblr-1726	823	25	to	to	ADP
cblr-1726	823	26	an	an	DET
cblr-1726	823	27	international	international	ADJ
cblr-1726	823	28	institution	institution	NOUN
cblr-1726	823	29	?	?	PUNCT
cblr-1726	824	1	this	this	DET
cblr-1726	824	2	challenge	challenge	NOUN
cblr-1726	824	3	would	would	AUX
cblr-1726	824	4	inevitably	inevitably	ADV
cblr-1726	824	5	be	be	AUX
cblr-1726	824	6	compounded	compound	VERB
cblr-1726	824	7	by	by	ADP
cblr-1726	824	8	thorny	thorny	ADJ
cblr-1726	824	9	issues	issue	NOUN
cblr-1726	824	10	of	of	ADP
cblr-1726	824	11	institutional	institutional	ADJ
cblr-1726	824	12	design	design	NOUN
cblr-1726	824	13	.	.	PUNCT
cblr-1726	825	1	what	what	PRON
cblr-1726	825	2	sort	sort	NOUN
cblr-1726	825	3	of	of	ADP
cblr-1726	825	4	constraints	constraint	NOUN
cblr-1726	825	5	would	would	AUX
cblr-1726	825	6	need	need	VERB
cblr-1726	825	7	to	to	PART
cblr-1726	825	8	be	be	AUX
cblr-1726	825	9	imposed	impose	VERB
cblr-1726	825	10	on	on	ADP
cblr-1726	825	11	domestic	domestic	ADJ
cblr-1726	825	12	trade	trade	NOUN
cblr-1726	825	13	,	,	PUNCT
cblr-1726	825	14	fiscal	fiscal	ADJ
cblr-1726	825	15	,	,	PUNCT
cblr-1726	825	16	and	and	CCONJ
cblr-1726	825	17	monetary	monetary	ADJ
cblr-1726	825	18	policy	policy	NOUN
cblr-1726	825	19	in	in	ADP
cblr-1726	825	20	order	order	NOUN
cblr-1726	825	21	to	to	PART
cblr-1726	825	22	make	make	VERB
cblr-1726	825	23	the	the	DET
cblr-1726	825	24	new	new	ADJ
cblr-1726	825	25	currency	currency	NOUN
cblr-1726	825	26	credible	credible	ADJ
cblr-1726	825	27	?	?	PUNCT
cblr-1726	826	1	how	how	SCONJ
cblr-1726	826	2	would	would	AUX
cblr-1726	826	3	the	the	DET
cblr-1726	826	4	burdens	burden	NOUN
cblr-1726	826	5	of	of	ADP
cblr-1726	826	6	ela	ela	PROPN
cblr-1726	826	7	be	be	AUX
cblr-1726	826	8	distributed	distribute	VERB
cblr-1726	826	9	between	between	ADP
cblr-1726	826	10	countries	country	NOUN
cblr-1726	826	11	?	?	PUNCT
cblr-1726	827	1	and	and	CCONJ
cblr-1726	827	2	how	how	SCONJ
cblr-1726	827	3	would	would	AUX
cblr-1726	827	4	senior	senior	ADJ
cblr-1726	827	5	positions	position	NOUN
cblr-1726	827	6	within	within	ADP
cblr-1726	827	7	the	the	DET
cblr-1726	827	8	i	i	PROPN
cblr-1726	827	9	m	m	VERB
cblr-1726	827	10	a	a	PRON
cblr-1726	827	11	be	be	AUX
cblr-1726	827	12	filled	fill	VERB
cblr-1726	827	13	?	?	PUNCT
cblr-1726	828	1	these	these	PRON
cblr-1726	828	2	and	and	CCONJ
cblr-1726	828	3	other	other	ADJ
cblr-1726	828	4	questions	question	NOUN
cblr-1726	828	5	would	would	AUX
cblr-1726	828	6	all	all	PRON
cblr-1726	828	7	need	need	VERB
cblr-1726	828	8	to	to	PART
cblr-1726	828	9	be	be	AUX
cblr-1726	828	10	answered	answer	VERB
cblr-1726	828	11	in	in	ADP
cblr-1726	828	12	a	a	DET
cblr-1726	828	13	way	way	NOUN
cblr-1726	828	14	that	that	PRON
cblr-1726	828	15	persuaded	persuade	VERB
cblr-1726	828	16	the	the	DET
cblr-1726	828	17	largest	large	ADJ
cblr-1726	828	18	number	number	NOUN
cblr-1726	828	19	of	of	ADP
cblr-1726	828	20	countries	country	NOUN
cblr-1726	828	21	—	—	PUNCT
cblr-1726	828	22	representing	represent	VERB
cblr-1726	828	23	the	the	DET
cblr-1726	828	24	largest	large	ADJ
cblr-1726	828	25	possible	possible	ADJ
cblr-1726	828	26	proportion	proportion	NOUN
cblr-1726	828	27	of	of	ADP
cblr-1726	828	28	global	global	ADJ
cblr-1726	828	29	trade	trade	NOUN
cblr-1726	828	30	,	,	PUNCT
cblr-1726	828	31	finance	finance	NOUN
cblr-1726	828	32	,	,	PUNCT
cblr-1726	828	33	and	and	CCONJ
cblr-1726	828	34	investment	investment	NOUN
cblr-1726	828	35	—	—	PUNCT
cblr-1726	828	36	to	to	PART
cblr-1726	828	37	agree	agree	VERB
cblr-1726	828	38	to	to	ADP
cblr-1726	828	39	the	the	DET
cblr-1726	828	40	creation	creation	NOUN
cblr-1726	828	41	of	of	ADP
cblr-1726	828	42	a	a	DET
cblr-1726	828	43	new	new	ADJ
cblr-1726	828	44	international	international	ADJ
cblr-1726	828	45	currency	currency	NOUN
cblr-1726	828	46	.	.	PUNCT
cblr-1726	829	1	as	as	SCONJ
cblr-1726	829	2	demonstrated	demonstrate	VERB
cblr-1726	829	3	by	by	ADP
cblr-1726	829	4	the	the	DET
cblr-1726	829	5	european	european	PROPN
cblr-1726	829	6	union	union	PROPN
cblr-1726	829	7	’s	’s	PART
cblr-1726	829	8	ongoing	ongoing	ADJ
cblr-1726	829	9	experiment	experiment	NOUN
cblr-1726	829	10	with	with	ADP
cblr-1726	829	11	the	the	DET
cblr-1726	829	12	single	single	ADJ
cblr-1726	829	13	currency	currency	NOUN
cblr-1726	829	14	,	,	PUNCT
cblr-1726	829	15	failing	fail	VERB
cblr-1726	829	16	to	to	PART
cblr-1726	829	17	properly	properly	ADV
cblr-1726	829	18	address	address	VERB
cblr-1726	829	19	these	these	DET
cblr-1726	829	20	issues	issue	NOUN
cblr-1726	829	21	at	at	ADP
cblr-1726	829	22	the	the	DET
cblr-1726	829	23	outset	outset	NOUN
cblr-1726	829	24	could	could	AUX
cblr-1726	829	25	undermine	undermine	VERB
cblr-1726	829	26	the	the	DET
cblr-1726	829	27	new	new	ADJ
cblr-1726	829	28	currency	currency	NOUN
cblr-1726	829	29	’s	’s	PART
cblr-1726	829	30	long	long	ADJ
cblr-1726	829	31	-	-	PUNCT
cblr-1726	829	32	term	term	NOUN
cblr-1726	829	33	credibility	credibility	NOUN
cblr-1726	829	34	.	.	PUNCT
cblr-1726	830	1	the	the	DET
cblr-1726	830	2	third	third	ADJ
cblr-1726	830	3	and	and	CCONJ
cblr-1726	830	4	fundamentally	fundamentally	ADV
cblr-1726	830	5	intertwined	intertwine	VERB
cblr-1726	830	6	challenge	challenge	NOUN
cblr-1726	830	7	would	would	AUX
cblr-1726	830	8	be	be	AUX
cblr-1726	830	9	how	how	SCONJ
cblr-1726	830	10	to	to	PART
cblr-1726	830	11	make	make	VERB
cblr-1726	830	12	a	a	DET
cblr-1726	830	13	new	new	ADJ
cblr-1726	830	14	international	international	ADJ
cblr-1726	830	15	currency	currency	NOUN
cblr-1726	830	16	attractive	attractive	ADJ
cblr-1726	830	17	to	to	ADP
cblr-1726	830	18	a	a	DET
cblr-1726	830	19	critical	critical	ADJ
cblr-1726	830	20	mass	mass	NOUN
cblr-1726	830	21	of	of	ADP
cblr-1726	830	22	financial	financial	ADJ
cblr-1726	830	23	and	and	CCONJ
cblr-1726	830	24	commercial	commercial	ADJ
cblr-1726	830	25	counterparties	counterpartie	NOUN
cblr-1726	830	26	.	.	PUNCT
cblr-1726	831	1	currencies	currency	NOUN
cblr-1726	831	2	are	be	AUX
cblr-1726	831	3	often	often	ADV
cblr-1726	831	4	viewed	view	VERB
cblr-1726	831	5	as	as	ADP
cblr-1726	831	6	classic	classic	ADJ
cblr-1726	831	7	‘	'	PUNCT
cblr-1726	831	8	network	network	NOUN
cblr-1726	831	9	’	'	PUNCT
cblr-1726	831	10	goods.207	goods.207	NOUN
cblr-1726	831	11	in	in	ADP
cblr-1726	831	12	a	a	DET
cblr-1726	831	13	nutshell	nutshell	NOUN
cblr-1726	831	14	,	,	PUNCT
cblr-1726	831	15	where	where	SCONJ
cblr-1726	831	16	a	a	DET
cblr-1726	831	17	currency	currency	NOUN
cblr-1726	831	18	reaches	reach	VERB
cblr-1726	831	19	a	a	DET
cblr-1726	831	20	threshold	threshold	NOUN
cblr-1726	831	21	level	level	NOUN
cblr-1726	831	22	of	of	ADP
cblr-1726	831	23	use	use	NOUN
cblr-1726	831	24	within	within	ADP
cblr-1726	831	25	a	a	DET
cblr-1726	831	26	given	give	VERB
cblr-1726	831	27	market	market	NOUN
cblr-1726	831	28	,	,	PUNCT
cblr-1726	831	29	it	it	PRON
cblr-1726	831	30	starts	start	VERB
cblr-1726	831	31	to	to	PART
cblr-1726	831	32	develop	develop	VERB
cblr-1726	831	33	its	its	PRON
cblr-1726	831	34	own	own	ADJ
cblr-1726	831	35	gravity	gravity	NOUN
cblr-1726	831	36	:	:	PUNCT
cblr-1726	831	37	with	with	SCONJ
cblr-1726	831	38	users	user	NOUN
cblr-1726	831	39	attracted	attract	VERB
cblr-1726	831	40	not	not	PART
cblr-1726	831	41	only	only	ADV
cblr-1726	831	42	by	by	ADP
cblr-1726	831	43	the	the	DET
cblr-1726	831	44	currency	currency	NOUN
cblr-1726	831	45	’s	’s	PART
cblr-1726	831	46	intrinsic	intrinsic	ADJ
cblr-1726	831	47	value	value	NOUN
cblr-1726	831	48	,	,	PUNCT
cblr-1726	831	49	but	but	CCONJ
cblr-1726	831	50	also	also	ADV
cblr-1726	831	51	by	by	ADP
cblr-1726	831	52	the	the	DET
cblr-1726	831	53	fact	fact	NOUN
cblr-1726	831	54	that	that	SCONJ
cblr-1726	831	55	it	it	PRON
cblr-1726	831	56	is	be	AUX
cblr-1726	831	57	widely	widely	ADV
cblr-1726	831	58	used	use	VERB
cblr-1726	831	59	.	.	PUNCT
cblr-1726	832	1	the	the	DET
cblr-1726	832	2	path	path	NOUN
cblr-1726	832	3	dependency	dependency	NOUN
cblr-1726	832	4	created	create	VERB
cblr-1726	832	5	by	by	ADP
cblr-1726	832	6	these	these	DET
cblr-1726	832	7	network	network	NOUN
cblr-1726	832	8	effects	effect	NOUN
cblr-1726	832	9	is	be	AUX
cblr-1726	832	10	reflected	reflect	VERB
cblr-1726	832	11	in	in	ADP
cblr-1726	832	12	a	a	DET
cblr-1726	832	13	form	form	NOUN
cblr-1726	832	14	of	of	ADP
cblr-1726	832	15	‘	'	PUNCT
cblr-1726	832	16	stickiness	stickiness	NOUN
cblr-1726	832	17	’	'	PUNCT
cblr-1726	832	18	—	—	PUNCT
cblr-1726	832	19	entrenching	entrench	VERB
cblr-1726	832	20	incumbent	incumbent	ADJ
cblr-1726	832	21	currencies	currency	NOUN
cblr-1726	832	22	and	and	CCONJ
cblr-1726	832	23	erecting	erect	VERB
cblr-1726	832	24	a	a	DET
cblr-1726	832	25	significant	significant	ADJ
cblr-1726	832	26	barrier	barrier	NOUN
cblr-1726	832	27	to	to	ADP
cblr-1726	832	28	the	the	DET
cblr-1726	832	29	emergence	emergence	NOUN
cblr-1726	832	30	and	and	CCONJ
cblr-1726	832	31	widespread	widespread	ADJ
cblr-1726	832	32	adoption	adoption	NOUN
cblr-1726	832	33	of	of	ADP
cblr-1726	832	34	potential	potential	ADJ
cblr-1726	832	35	207	207	NUM
cblr-1726	832	36	see	see	VERB
cblr-1726	832	37	paul	paul	PROPN
cblr-1726	832	38	krugman	krugman	PROPN
cblr-1726	832	39	,	,	PUNCT
cblr-1726	832	40	vehicle	vehicle	NOUN
cblr-1726	832	41	currencies	currency	NOUN
cblr-1726	832	42	and	and	CCONJ
cblr-1726	832	43	the	the	DET
cblr-1726	832	44	structure	structure	NOUN
cblr-1726	832	45	of	of	ADP
cblr-1726	832	46	international	international	ADJ
cblr-1726	832	47	exchange	exchange	NOUN
cblr-1726	832	48	,	,	PUNCT
cblr-1726	832	49	12	12	NUM
cblr-1726	832	50	j.	j.	PROPN
cblr-1726	832	51	money	money	PROPN
cblr-1726	832	52	,	,	PUNCT
cblr-1726	832	53	credit	credit	NOUN
cblr-1726	832	54	&	&	CCONJ
cblr-1726	832	55	banking	banking	PROPN
cblr-1726	832	56	513	513	NUM
cblr-1726	832	57	(	(	PUNCT
cblr-1726	832	58	1980	1980	NUM
cblr-1726	832	59	)	)	PUNCT
cblr-1726	832	60	;	;	PUNCT
cblr-1726	832	61	paul	paul	PROPN
cblr-1726	832	62	krugman	krugman	PROPN
cblr-1726	832	63	,	,	PUNCT
cblr-1726	832	64	the	the	DET
cblr-1726	832	65	international	international	ADJ
cblr-1726	832	66	role	role	NOUN
cblr-1726	832	67	of	of	ADP
cblr-1726	832	68	the	the	DET
cblr-1726	832	69	dollar	dollar	NOUN
cblr-1726	832	70	:	:	PUNCT
cblr-1726	832	71	theory	theory	NOUN
cblr-1726	832	72	and	and	CCONJ
cblr-1726	832	73	prospects	prospect	NOUN
cblr-1726	832	74	,	,	PUNCT
cblr-1726	832	75	in	in	ADP
cblr-1726	832	76	exchange	exchange	NOUN
cblr-1726	832	77	rate	rate	NOUN
cblr-1726	832	78	theory	theory	NOUN
cblr-1726	832	79	and	and	CCONJ
cblr-1726	832	80	practice	practice	NOUN
cblr-1726	832	81	(	(	PUNCT
cblr-1726	832	82	1984	1984	NUM
cblr-1726	832	83	)	)	PUNCT
cblr-1726	832	84	;	;	PUNCT
cblr-1726	833	1	kiminori	kiminori	PROPN
cblr-1726	833	2	matsuyama	matsuyama	PROPN
cblr-1726	833	3	et	et	PROPN
cblr-1726	833	4	al	al	PROPN
cblr-1726	833	5	.	.	PROPN
cblr-1726	833	6	,	,	PUNCT
cblr-1726	833	7	toward	toward	ADP
cblr-1726	833	8	a	a	DET
cblr-1726	833	9	theory	theory	NOUN
cblr-1726	833	10	of	of	ADP
cblr-1726	833	11	international	international	ADJ
cblr-1726	833	12	currency	currency	NOUN
cblr-1726	833	13	,	,	PUNCT
cblr-1726	833	14	60	60	NUM
cblr-1726	833	15	rev	rev	X
cblr-1726	833	16	.	.	PROPN
cblr-1726	833	17	econ	econ	PROPN
cblr-1726	833	18	.	.	PUNCT
cblr-1726	833	19	stud	stud	PROPN
cblr-1726	833	20	.	.	PUNCT
cblr-1726	834	1	283	283	NUM
cblr-1726	834	2	(	(	PUNCT
cblr-1726	834	3	1993	1993	NUM
cblr-1726	834	4	)	)	PUNCT
cblr-1726	834	5	;	;	PUNCT
cblr-1726	834	6	philipp	philipp	PROPN
cblr-1726	834	7	hartmann	hartmann	PROPN
cblr-1726	834	8	,	,	PUNCT
cblr-1726	834	9	currency	currency	NOUN
cblr-1726	834	10	competition	competition	NOUN
cblr-1726	834	11	and	and	CCONJ
cblr-1726	834	12	foreign	foreign	ADJ
cblr-1726	834	13	exchange	exchange	NOUN
cblr-1726	834	14	markets	market	NOUN
cblr-1726	834	15	:	:	PUNCT
cblr-1726	834	16	the	the	DET
cblr-1726	834	17	dollar	dollar	NOUN
cblr-1726	834	18	,	,	PUNCT
cblr-1726	834	19	the	the	DET
cblr-1726	834	20	yen	yen	NOUN
cblr-1726	834	21	and	and	CCONJ
cblr-1726	834	22	the	the	DET
cblr-1726	834	23	euro	euro	NOUN
cblr-1726	834	24	(	(	PUNCT
cblr-1726	834	25	cambridge	cambridge	PROPN
cblr-1726	834	26	univ	univ	PROPN
cblr-1726	834	27	.	.	PUNCT
cblr-1726	834	28	press	press	PROPN
cblr-1726	834	29	,	,	PUNCT
cblr-1726	834	30	1998	1998	NUM
cblr-1726	834	31	)	)	PUNCT
cblr-1726	834	32	;	;	PUNCT
cblr-1726	834	33	hélène	hélène	VERB
cblr-1726	834	34	rey	rey	PROPN
cblr-1726	834	35	,	,	PUNCT
cblr-1726	834	36	international	international	ADJ
cblr-1726	834	37	trade	trade	NOUN
cblr-1726	834	38	and	and	CCONJ
cblr-1726	834	39	currency	currency	NOUN
cblr-1726	834	40	exchange	exchange	NOUN
cblr-1726	834	41	,	,	PUNCT
cblr-1726	834	42	68	68	NUM
cblr-1726	834	43	rev	rev	X
cblr-1726	834	44	.	.	PROPN
cblr-1726	834	45	econ	econ	PROPN
cblr-1726	834	46	.	.	PUNCT
cblr-1726	834	47	stud	stud	PROPN
cblr-1726	834	48	.	.	PUNCT
cblr-1726	835	1	443	443	NUM
cblr-1726	835	2	(	(	PUNCT
cblr-1726	835	3	2001	2001	NUM
cblr-1726	835	4	)	)	PUNCT
cblr-1726	835	5	;	;	PUNCT
cblr-1726	835	6	swoboda	swoboda	PROPN
cblr-1726	835	7	,	,	PUNCT
cblr-1726	835	8	supra	supra	PROPN
cblr-1726	835	9	note	note	NOUN
cblr-1726	835	10	26	26	NUM
cblr-1726	835	11	.	.	PUNCT
cblr-1726	836	1	for	for	ADP
cblr-1726	836	2	an	an	DET
cblr-1726	836	3	alternative	alternative	ADJ
cblr-1726	836	4	perspective	perspective	NOUN
cblr-1726	836	5	,	,	PUNCT
cblr-1726	836	6	see	see	VERB
cblr-1726	836	7	generally	generally	ADV
cblr-1726	836	8	livia	livia	VERB
cblr-1726	836	9	chitu	chitu	PROPN
cblr-1726	836	10	et	et	PROPN
cblr-1726	836	11	al	al	PROPN
cblr-1726	836	12	.	.	PROPN
cblr-1726	836	13	,	,	PUNCT
cblr-1726	836	14	when	when	SCONJ
cblr-1726	836	15	did	do	AUX
cblr-1726	836	16	the	the	DET
cblr-1726	836	17	dollar	dollar	NOUN
cblr-1726	836	18	overtake	overtake	VERB
cblr-1726	836	19	sterling	sterling	NOUN
cblr-1726	836	20	as	as	ADP
cblr-1726	836	21	the	the	DET
cblr-1726	836	22	leading	lead	VERB
cblr-1726	836	23	international	international	ADJ
cblr-1726	836	24	currency	currency	NOUN
cblr-1726	836	25	?	?	PUNCT
cblr-1726	837	1	evidence	evidence	NOUN
cblr-1726	837	2	from	from	ADP
cblr-1726	837	3	the	the	DET
cblr-1726	837	4	bond	bond	NOUN
cblr-1726	837	5	markets	market	NOUN
cblr-1726	837	6	(	(	PUNCT
cblr-1726	837	7	nat’l	nat’l	NUM
cblr-1726	837	8	bureau	bureau	PROPN
cblr-1726	837	9	of	of	ADP
cblr-1726	837	10	econ	econ	PROPN
cblr-1726	837	11	.	.	PUNCT
cblr-1726	838	1	research	research	PROPN
cblr-1726	838	2	,	,	PUNCT
cblr-1726	838	3	working	work	VERB
cblr-1726	838	4	paper	paper	NOUN
cblr-1726	838	5	no	no	NOUN
cblr-1726	838	6	.	.	PROPN
cblr-1726	838	7	18097	18097	NUM
cblr-1726	838	8	,	,	PUNCT
cblr-1726	838	9	2012	2012	NUM
cblr-1726	838	10	)	)	PUNCT
cblr-1726	838	11	.	.	PUNCT
cblr-1726	839	1	awrey	awrey	PROPN
cblr-1726	839	2	–	–	PUNCT
cblr-1726	839	3	final	final	ADJ
cblr-1726	839	4	no	no	NOUN
cblr-1726	839	5	.	.	PUNCT
cblr-1726	840	1	3:934	3:934	X
cblr-1726	840	2	]	]	X
cblr-1726	840	3	foreign	foreign	ADJ
cblr-1726	840	4	currency	currency	NOUN
cblr-1726	840	5	liquidity	liquidity	NOUN
cblr-1726	840	6	assistance	assistance	NOUN
cblr-1726	840	7	997	997	NUM
cblr-1726	840	8	substitutes	substitute	NOUN
cblr-1726	840	9	.	.	PUNCT
cblr-1726	841	1	we	we	PRON
cblr-1726	841	2	might	might	AUX
cblr-1726	841	3	expect	expect	VERB
cblr-1726	841	4	these	these	DET
cblr-1726	841	5	network	network	NOUN
cblr-1726	841	6	effects	effect	NOUN
cblr-1726	841	7	to	to	PART
cblr-1726	841	8	be	be	AUX
cblr-1726	841	9	particularly	particularly	ADV
cblr-1726	841	10	pronounced	pronounce	VERB
cblr-1726	841	11	in	in	ADP
cblr-1726	841	12	the	the	DET
cblr-1726	841	13	case	case	NOUN
cblr-1726	841	14	of	of	ADP
cblr-1726	841	15	an	an	DET
cblr-1726	841	16	international	international	ADJ
cblr-1726	841	17	currency	currency	NOUN
cblr-1726	841	18	given	give	VERB
cblr-1726	841	19	that	that	PRON
cblr-1726	841	20	one	one	NUM
cblr-1726	841	21	of	of	ADP
cblr-1726	841	22	the	the	DET
cblr-1726	841	23	most	most	ADV
cblr-1726	841	24	frequently	frequently	ADV
cblr-1726	841	25	cited	cite	VERB
cblr-1726	841	26	intrinsic	intrinsic	ADJ
cblr-1726	841	27	benefits	benefit	NOUN
cblr-1726	841	28	—	—	PUNCT
cblr-1726	841	29	relatively	relatively	ADV
cblr-1726	841	30	low	low	ADJ
cblr-1726	841	31	exchange	exchange	NOUN
cblr-1726	841	32	rate	rate	NOUN
cblr-1726	841	33	volatility	volatility	NOUN
cblr-1726	841	34	—	—	PUNCT
cblr-1726	841	35	is	be	AUX
cblr-1726	841	36	itself	itself	PRON
cblr-1726	841	37	partly	partly	ADV
cblr-1726	841	38	a	a	DET
cblr-1726	841	39	function	function	NOUN
cblr-1726	841	40	of	of	ADP
cblr-1726	841	41	the	the	DET
cblr-1726	841	42	depth	depth	NOUN
cblr-1726	841	43	and	and	CCONJ
cblr-1726	841	44	volume	volume	NOUN
cblr-1726	841	45	of	of	ADP
cblr-1726	841	46	the	the	DET
cblr-1726	841	47	market	market	NOUN
cblr-1726	841	48	for	for	ADP
cblr-1726	841	49	the	the	DET
cblr-1726	841	50	currency	currency	NOUN
cblr-1726	841	51	itself	itself	PRON
cblr-1726	841	52	.	.	PUNCT
cblr-1726	842	1	accordingly	accordingly	ADV
cblr-1726	842	2	,	,	PUNCT
cblr-1726	842	3	even	even	ADV
cblr-1726	842	4	if	if	SCONJ
cblr-1726	842	5	public	public	ADJ
cblr-1726	842	6	policymakers	policymaker	NOUN
cblr-1726	842	7	were	be	AUX
cblr-1726	842	8	able	able	ADJ
cblr-1726	842	9	to	to	PART
cblr-1726	842	10	surmount	surmount	VERB
cblr-1726	842	11	the	the	DET
cblr-1726	842	12	political	political	ADJ
cblr-1726	842	13	obstacles	obstacle	NOUN
cblr-1726	842	14	to	to	ADP
cblr-1726	842	15	the	the	DET
cblr-1726	842	16	creation	creation	NOUN
cblr-1726	842	17	of	of	ADP
cblr-1726	842	18	an	an	DET
cblr-1726	842	19	international	international	ADJ
cblr-1726	842	20	currency	currency	NOUN
cblr-1726	842	21	,	,	PUNCT
cblr-1726	842	22	there	there	PRON
cblr-1726	842	23	would	would	AUX
cblr-1726	842	24	remain	remain	VERB
cblr-1726	842	25	the	the	DET
cblr-1726	842	26	sticky	sticky	ADJ
cblr-1726	842	27	problem	problem	NOUN
cblr-1726	842	28	of	of	ADP
cblr-1726	842	29	how	how	SCONJ
cblr-1726	842	30	to	to	PART
cblr-1726	842	31	attract	attract	VERB
cblr-1726	842	32	private	private	ADJ
cblr-1726	842	33	market	market	NOUN
cblr-1726	842	34	participants	participant	NOUN
cblr-1726	842	35	away	away	ADV
cblr-1726	842	36	from	from	ADP
cblr-1726	842	37	the	the	DET
cblr-1726	842	38	u.s	u.s	PROPN
cblr-1726	842	39	.	.	PROPN
cblr-1726	842	40	dollar	dollar	NOUN
cblr-1726	842	41	and	and	CCONJ
cblr-1726	842	42	other	other	ADJ
cblr-1726	842	43	major	major	ADJ
cblr-1726	842	44	international	international	NOUN
cblr-1726	842	45	currencies.208	currencies.208	VERB
cblr-1726	842	46	finally	finally	ADV
cblr-1726	842	47	,	,	PUNCT
cblr-1726	842	48	the	the	DET
cblr-1726	842	49	introduction	introduction	NOUN
cblr-1726	842	50	of	of	ADP
cblr-1726	842	51	an	an	DET
cblr-1726	842	52	international	international	ADJ
cblr-1726	842	53	currency	currency	NOUN
cblr-1726	842	54	would	would	AUX
cblr-1726	842	55	throw	throw	VERB
cblr-1726	842	56	up	up	ADP
cblr-1726	842	57	a	a	DET
cblr-1726	842	58	host	host	NOUN
cblr-1726	842	59	of	of	ADP
cblr-1726	842	60	technocratic	technocratic	ADJ
cblr-1726	842	61	policy	policy	NOUN
cblr-1726	842	62	challenges	challenge	NOUN
cblr-1726	842	63	.	.	PUNCT
cblr-1726	843	1	one	one	NUM
cblr-1726	843	2	of	of	ADP
cblr-1726	843	3	the	the	DET
cblr-1726	843	4	most	most	ADV
cblr-1726	843	5	important	important	ADJ
cblr-1726	843	6	of	of	ADP
cblr-1726	843	7	these	these	DET
cblr-1726	843	8	challenges	challenge	NOUN
cblr-1726	843	9	would	would	AUX
cblr-1726	843	10	be	be	AUX
cblr-1726	843	11	how	how	SCONJ
cblr-1726	843	12	to	to	PART
cblr-1726	843	13	coordinate	coordinate	VERB
cblr-1726	843	14	the	the	DET
cblr-1726	843	15	monetary	monetary	ADJ
cblr-1726	843	16	policy	policy	NOUN
cblr-1726	843	17	of	of	ADP
cblr-1726	843	18	the	the	DET
cblr-1726	843	19	i	i	PROPN
cblr-1726	843	20	m	m	VERB
cblr-1726	843	21	a	a	NOUN
cblr-1726	843	22	with	with	ADP
cblr-1726	843	23	the	the	DET
cblr-1726	843	24	policies	policy	NOUN
cblr-1726	843	25	of	of	ADP
cblr-1726	843	26	signatory	signatory	ADJ
cblr-1726	843	27	states	state	NOUN
cblr-1726	843	28	.	.	PUNCT
cblr-1726	844	1	there	there	PRON
cblr-1726	844	2	would	would	AUX
cblr-1726	844	3	also	also	ADV
cblr-1726	844	4	be	be	AUX
cblr-1726	844	5	the	the	DET
cblr-1726	844	6	challenge	challenge	NOUN
cblr-1726	844	7	of	of	ADP
cblr-1726	844	8	ensuring	ensure	VERB
cblr-1726	844	9	that	that	SCONJ
cblr-1726	844	10	the	the	DET
cblr-1726	844	11	introduction	introduction	NOUN
cblr-1726	844	12	of	of	ADP
cblr-1726	844	13	an	an	DET
cblr-1726	844	14	international	international	ADJ
cblr-1726	844	15	currency	currency	NOUN
cblr-1726	844	16	was	be	AUX
cblr-1726	844	17	not	not	PART
cblr-1726	844	18	itself	itself	PRON
cblr-1726	844	19	a	a	DET
cblr-1726	844	20	source	source	NOUN
cblr-1726	844	21	of	of	ADP
cblr-1726	844	22	financial	financial	ADJ
cblr-1726	844	23	instability	instability	NOUN
cblr-1726	844	24	.	.	PUNCT
cblr-1726	845	1	as	as	SCONJ
cblr-1726	845	2	the	the	DET
cblr-1726	845	3	ecb	ecb	NOUN
cblr-1726	845	4	has	have	AUX
cblr-1726	845	5	warned	warn	VERB
cblr-1726	845	6	,	,	PUNCT
cblr-1726	845	7	there	there	PRON
cblr-1726	845	8	may	may	AUX
cblr-1726	845	9	be	be	AUX
cblr-1726	845	10	significant	significant	ADJ
cblr-1726	845	11	“	"	PUNCT
cblr-1726	845	12	unintended	unintended	ADJ
cblr-1726	845	13	consequences”209	consequences”209	NOUN
cblr-1726	845	14	associated	associate	VERB
cblr-1726	845	15	with	with	ADP
cblr-1726	845	16	“	"	PUNCT
cblr-1726	845	17	replacing	replace	VERB
cblr-1726	845	18	international	international	ADJ
cblr-1726	845	19	currencies	currency	NOUN
cblr-1726	845	20	that	that	PRON
cblr-1726	845	21	have	have	AUX
cblr-1726	845	22	established	establish	VERB
cblr-1726	845	23	themselves	themselves	PRON
cblr-1726	845	24	as	as	ADP
cblr-1726	845	25	a	a	DET
cblr-1726	845	26	result	result	NOUN
cblr-1726	845	27	of	of	ADP
cblr-1726	845	28	the	the	DET
cblr-1726	845	29	autonomous	autonomous	ADJ
cblr-1726	845	30	decisions	decision	NOUN
cblr-1726	845	31	of	of	ADP
cblr-1726	845	32	private	private	ADJ
cblr-1726	845	33	and	and	CCONJ
cblr-1726	845	34	official	official	ADJ
cblr-1726	845	35	agents	agent	NOUN
cblr-1726	845	36	with	with	ADP
cblr-1726	845	37	a	a	DET
cblr-1726	845	38	synthetic	synthetic	ADJ
cblr-1726	845	39	,	,	PUNCT
cblr-1726	845	40	policy	policy	NOUN
cblr-1726	845	41	-	-	PUNCT
cblr-1726	845	42	imposed	impose	VERB
cblr-1726	845	43	,	,	PUNCT
cblr-1726	845	44	international	international	ADJ
cblr-1726	845	45	currency	currency	NOUN
cblr-1726	845	46	.	.	PUNCT
cblr-1726	846	1	”210	”210	PUNCT
cblr-1726	846	2	given	give	VERB
cblr-1726	846	3	these	these	DET
cblr-1726	846	4	challenges	challenge	NOUN
cblr-1726	846	5	,	,	PUNCT
cblr-1726	846	6	the	the	DET
cblr-1726	846	7	creation	creation	NOUN
cblr-1726	846	8	and	and	CCONJ
cblr-1726	846	9	widespread	widespread	ADJ
cblr-1726	846	10	adoption	adoption	NOUN
cblr-1726	846	11	of	of	ADP
cblr-1726	846	12	a	a	DET
cblr-1726	846	13	new	new	ADJ
cblr-1726	846	14	international	international	ADJ
cblr-1726	846	15	currency	currency	NOUN
cblr-1726	846	16	seems	seem	VERB
cblr-1726	846	17	both	both	CCONJ
cblr-1726	846	18	highly	highly	ADV
cblr-1726	846	19	unlikely	unlikely	ADJ
cblr-1726	846	20	and	and	CCONJ
cblr-1726	846	21	potentially	potentially	ADV
cblr-1726	846	22	undesirable	undesirable	ADJ
cblr-1726	846	23	.	.	PUNCT
cblr-1726	847	1	c.	c.	NOUN
cblr-1726	847	2	reform	reform	NOUN
cblr-1726	847	3	of	of	ADP
cblr-1726	847	4	existing	exist	VERB
cblr-1726	847	5	institutional	institutional	ADJ
cblr-1726	847	6	arrangements	arrangement	NOUN
cblr-1726	847	7	for	for	ADP
cblr-1726	847	8	fcla	fcla	NOUN
cblr-1726	847	9	the	the	DET
cblr-1726	847	10	third	third	ADJ
cblr-1726	847	11	and	and	CCONJ
cblr-1726	847	12	final	final	ADJ
cblr-1726	847	13	strategy	strategy	NOUN
cblr-1726	847	14	is	be	AUX
cblr-1726	847	15	to	to	PART
cblr-1726	847	16	strengthen	strengthen	VERB
cblr-1726	847	17	existing	exist	VERB
cblr-1726	847	18	international	international	ADJ
cblr-1726	847	19	arrangements	arrangement	NOUN
cblr-1726	847	20	for	for	ADP
cblr-1726	847	21	the	the	DET
cblr-1726	847	22	provision	provision	NOUN
cblr-1726	847	23	of	of	ADP
cblr-1726	847	24	fcla	fcla	NOUN
cblr-1726	847	25	.	.	PUNCT
cblr-1726	848	1	two	two	NUM
cblr-1726	848	2	sets	set	NOUN
cblr-1726	848	3	of	of	ADP
cblr-1726	848	4	208	208	NUM
cblr-1726	848	5	thereafter	thereafter	ADV
cblr-1726	848	6	,	,	PUNCT
cblr-1726	848	7	there	there	PRON
cblr-1726	848	8	would	would	AUX
cblr-1726	848	9	also	also	ADV
cblr-1726	848	10	be	be	AUX
cblr-1726	848	11	the	the	DET
cblr-1726	848	12	problem	problem	NOUN
cblr-1726	848	13	of	of	ADP
cblr-1726	848	14	maintaining	maintain	VERB
cblr-1726	848	15	the	the	DET
cblr-1726	848	16	currency	currency	NOUN
cblr-1726	848	17	’s	’s	PART
cblr-1726	848	18	attractiveness	attractiveness	NOUN
cblr-1726	848	19	—	—	PUNCT
cblr-1726	848	20	with	with	ADP
cblr-1726	848	21	any	any	DET
cblr-1726	848	22	failure	failure	NOUN
cblr-1726	848	23	to	to	PART
cblr-1726	848	24	do	do	AUX
cblr-1726	848	25	so	so	ADV
cblr-1726	848	26	potentially	potentially	ADV
cblr-1726	848	27	precipitating	precipitate	VERB
cblr-1726	848	28	a	a	DET
cblr-1726	848	29	flight	flight	NOUN
cblr-1726	848	30	(	(	PUNCT
cblr-1726	848	31	back	back	NOUN
cblr-1726	848	32	)	)	PUNCT
cblr-1726	848	33	to	to	ADP
cblr-1726	848	34	other	other	ADJ
cblr-1726	848	35	currencies	currency	NOUN
cblr-1726	848	36	.	.	PUNCT
cblr-1726	849	1	209	209	NUM
cblr-1726	849	2	ettore	ettore	NOUN
cblr-1726	849	3	dorrucci	dorrucci	PROPN
cblr-1726	849	4	&	&	CCONJ
cblr-1726	849	5	julie	julie	PROPN
cblr-1726	849	6	mckay	mckay	PROPN
cblr-1726	849	7	,	,	PUNCT
cblr-1726	849	8	the	the	DET
cblr-1726	849	9	international	international	ADJ
cblr-1726	849	10	monetary	monetary	ADJ
cblr-1726	849	11	system	system	NOUN
cblr-1726	849	12	after	after	ADP
cblr-1726	849	13	the	the	DET
cblr-1726	849	14	financial	financial	ADJ
cblr-1726	849	15	crisis	crisis	NOUN
cblr-1726	849	16	,	,	PUNCT
cblr-1726	849	17	occasional	occasional	ADJ
cblr-1726	849	18	paper	paper	NOUN
cblr-1726	849	19	series	series	NOUN
cblr-1726	849	20	(	(	PUNCT
cblr-1726	849	21	eur	eur	PROPN
cblr-1726	849	22	.	.	PUNCT
cblr-1726	849	23	cent	cent	NOUN
cblr-1726	849	24	.	.	PUNCT
cblr-1726	849	25	bank	bank	PROPN
cblr-1726	849	26	,	,	PUNCT
cblr-1726	849	27	frankfurt	frankfurt	PROPN
cblr-1726	849	28	,	,	PUNCT
cblr-1726	849	29	ger	ger	NOUN
cblr-1726	849	30	.	.	PUNCT
cblr-1726	849	31	)	)	PUNCT
cblr-1726	849	32	,	,	PUNCT
cblr-1726	849	33	feb	feb	PROPN
cblr-1726	849	34	.	.	PROPN
cblr-1726	849	35	2011	2011	NUM
cblr-1726	849	36	,	,	PUNCT
cblr-1726	849	37	at	at	ADP
cblr-1726	849	38	35	35	NUM
cblr-1726	849	39	.	.	PUNCT
cblr-1726	849	40	210	210	NUM
cblr-1726	850	1	i	i	PRON
cblr-1726	850	2	d.	d.	PROPN
cblr-1726	850	3	awrey	awrey	PROPN
cblr-1726	850	4	–	–	PUNCT
cblr-1726	850	5	final	final	ADJ
cblr-1726	850	6	998	998	NUM
cblr-1726	850	7	columbia	columbia	PROPN
cblr-1726	850	8	business	business	NOUN
cblr-1726	850	9	law	law	PROPN
cblr-1726	850	10	review	review	NOUN
cblr-1726	851	1	[	[	X
cblr-1726	851	2	vol	vol	NOUN
cblr-1726	851	3	.	.	NOUN
cblr-1726	852	1	2017	2017	NUM
cblr-1726	852	2	arrangements	arrangement	NOUN
cblr-1726	852	3	stand	stand	VERB
cblr-1726	852	4	out	out	ADP
cblr-1726	852	5	as	as	ADP
cblr-1726	852	6	particularly	particularly	ADV
cblr-1726	852	7	promising	promising	ADJ
cblr-1726	852	8	and	and	CCONJ
cblr-1726	852	9	,	,	PUNCT
cblr-1726	852	10	simultaneously	simultaneously	ADV
cblr-1726	852	11	,	,	PUNCT
cblr-1726	852	12	ripe	ripe	ADJ
cblr-1726	852	13	for	for	ADP
cblr-1726	852	14	potential	potential	ADJ
cblr-1726	852	15	reform.211	reform.211	NOUN
cblr-1726	852	16	the	the	DET
cblr-1726	852	17	first	first	ADJ
cblr-1726	852	18	is	be	AUX
cblr-1726	852	19	the	the	DET
cblr-1726	852	20	network	network	NOUN
cblr-1726	852	21	of	of	ADP
cblr-1726	852	22	bilateral	bilateral	ADJ
cblr-1726	852	23	central	central	ADJ
cblr-1726	852	24	bank	bank	PROPN
cblr-1726	852	25	swap	swap	NOUN
cblr-1726	852	26	lines	line	NOUN
cblr-1726	852	27	established	establish	VERB
cblr-1726	852	28	in	in	ADP
cblr-1726	852	29	response	response	NOUN
cblr-1726	852	30	to	to	ADP
cblr-1726	852	31	the	the	DET
cblr-1726	852	32	financial	financial	ADJ
cblr-1726	852	33	crisis	crisis	NOUN
cblr-1726	852	34	.	.	PUNCT
cblr-1726	853	1	the	the	DET
cblr-1726	853	2	first	first	ADJ
cblr-1726	853	3	generation	generation	NOUN
cblr-1726	853	4	of	of	ADP
cblr-1726	853	5	swap	swap	NOUN
cblr-1726	853	6	lines	line	NOUN
cblr-1726	853	7	established	establish	VERB
cblr-1726	853	8	between	between	ADP
cblr-1726	853	9	the	the	DET
cblr-1726	853	10	federal	federal	PROPN
cblr-1726	853	11	reserve	reserve	PROPN
cblr-1726	853	12	and	and	CCONJ
cblr-1726	853	13	other	other	ADJ
cblr-1726	853	14	central	central	ADJ
cblr-1726	853	15	banks	bank	NOUN
cblr-1726	853	16	expired	expire	VERB
cblr-1726	853	17	in	in	ADP
cblr-1726	853	18	february	february	PROPN
cblr-1726	853	19	2010.212	2010.212	NUM
cblr-1726	853	20	within	within	ADP
cblr-1726	853	21	a	a	DET
cblr-1726	853	22	matter	matter	NOUN
cblr-1726	853	23	of	of	ADP
cblr-1726	853	24	months	month	NOUN
cblr-1726	853	25	,	,	PUNCT
cblr-1726	853	26	however	however	ADV
cblr-1726	853	27	,	,	PUNCT
cblr-1726	853	28	the	the	DET
cblr-1726	853	29	deterioration	deterioration	NOUN
cblr-1726	853	30	of	of	ADP
cblr-1726	853	31	wholesale	wholesale	ADJ
cblr-1726	853	32	funding	funding	NOUN
cblr-1726	853	33	markets	market	NOUN
cblr-1726	853	34	precipitated	precipitate	VERB
cblr-1726	853	35	by	by	ADP
cblr-1726	853	36	the	the	DET
cblr-1726	853	37	european	european	ADJ
cblr-1726	853	38	sovereign	sovereign	ADJ
cblr-1726	853	39	debt	debt	NOUN
cblr-1726	853	40	crisis	crisis	NOUN
cblr-1726	853	41	prompted	prompt	VERB
cblr-1726	853	42	the	the	DET
cblr-1726	853	43	fed	fed	PROPN
cblr-1726	853	44	to	to	PART
cblr-1726	853	45	re	re	VERB
cblr-1726	853	46	-	-	VERB
cblr-1726	853	47	establish	establish	VERB
cblr-1726	853	48	temporary	temporary	ADJ
cblr-1726	853	49	swap	swap	NOUN
cblr-1726	853	50	lines	line	NOUN
cblr-1726	853	51	with	with	ADP
cblr-1726	853	52	the	the	DET
cblr-1726	853	53	ecb	ecb	PROPN
cblr-1726	853	54	,	,	PUNCT
cblr-1726	853	55	snb	snb	PROPN
cblr-1726	853	56	,	,	PUNCT
cblr-1726	853	57	bank	bank	PROPN
cblr-1726	853	58	of	of	ADP
cblr-1726	853	59	england	england	PROPN
cblr-1726	853	60	,	,	PUNCT
cblr-1726	853	61	bank	bank	PROPN
cblr-1726	853	62	of	of	ADP
cblr-1726	853	63	japan	japan	PROPN
cblr-1726	853	64	,	,	PUNCT
cblr-1726	853	65	and	and	CCONJ
cblr-1726	853	66	bank	bank	NOUN
cblr-1726	853	67	of	of	ADP
cblr-1726	853	68	canada.213	canada.213	NUM
cblr-1726	853	69	in	in	ADP
cblr-1726	853	70	october	october	PROPN
cblr-1726	853	71	2013	2013	NUM
cblr-1726	853	72	,	,	PUNCT
cblr-1726	853	73	the	the	DET
cblr-1726	853	74	fed	fed	PROPN
cblr-1726	853	75	announced	announce	VERB
cblr-1726	853	76	that	that	SCONJ
cblr-1726	853	77	these	these	DET
cblr-1726	853	78	temporary	temporary	ADJ
cblr-1726	853	79	swap	swap	NOUN
cblr-1726	853	80	lines	line	NOUN
cblr-1726	853	81	would	would	AUX
cblr-1726	853	82	be	be	AUX
cblr-1726	853	83	converted	convert	VERB
cblr-1726	853	84	into	into	ADP
cblr-1726	853	85	standing	standing	ADJ
cblr-1726	853	86	facilities	facility	NOUN
cblr-1726	853	87	enabling	enable	VERB
cblr-1726	853	88	any	any	PRON
cblr-1726	853	89	of	of	ADP
cblr-1726	853	90	the	the	DET
cblr-1726	853	91	six	six	NUM
cblr-1726	853	92	central	central	ADJ
cblr-1726	853	93	banks	bank	NOUN
cblr-1726	853	94	to	to	PART
cblr-1726	853	95	borrow	borrow	VERB
cblr-1726	853	96	an	an	DET
cblr-1726	853	97	unlimited	unlimited	ADJ
cblr-1726	853	98	amount	amount	NOUN
cblr-1726	853	99	of	of	ADP
cblr-1726	853	100	any	any	PRON
cblr-1726	853	101	of	of	ADP
cblr-1726	853	102	the	the	DET
cblr-1726	853	103	currencies	currency	NOUN
cblr-1726	853	104	issued	issue	VERB
cblr-1726	853	105	by	by	ADP
cblr-1726	853	106	the	the	DET
cblr-1726	853	107	other	other	ADJ
cblr-1726	853	108	participating	participate	VERB
cblr-1726	853	109	central	central	ADJ
cblr-1726	853	110	banks	bank	NOUN
cblr-1726	853	111	.	.	PUNCT
cblr-1726	854	1	as	as	SCONJ
cblr-1726	854	2	the	the	DET
cblr-1726	854	3	fed	fed	PROPN
cblr-1726	854	4	explained	explain	VERB
cblr-1726	854	5	in	in	ADP
cblr-1726	854	6	its	its	PRON
cblr-1726	854	7	announcement	announcement	NOUN
cblr-1726	854	8	:	:	PUNCT
cblr-1726	854	9	the	the	DET
cblr-1726	854	10	conversion	conversion	NOUN
cblr-1726	854	11	of	of	ADP
cblr-1726	854	12	these	these	DET
cblr-1726	854	13	liquidity	liquidity	NOUN
cblr-1726	854	14	lines	line	NOUN
cblr-1726	854	15	with	with	ADP
cblr-1726	854	16	pre	pre	ADJ
cblr-1726	854	17	-	-	ADJ
cblr-1726	854	18	set	set	ADJ
cblr-1726	854	19	expiration	expiration	NOUN
cblr-1726	854	20	dates	date	NOUN
cblr-1726	854	21	to	to	ADP
cblr-1726	854	22	standing	stand	VERB
cblr-1726	854	23	lines	line	NOUN
cblr-1726	854	24	further	far	ADV
cblr-1726	854	25	supports	support	VERB
cblr-1726	854	26	financial	financial	ADJ
cblr-1726	854	27	stability	stability	NOUN
cblr-1726	854	28	by	by	ADP
cblr-1726	854	29	reducing	reduce	VERB
cblr-1726	854	30	uncertainties	uncertainty	NOUN
cblr-1726	854	31	among	among	ADP
cblr-1726	854	32	211	211	NUM
cblr-1726	854	33	there	there	PRON
cblr-1726	854	34	are	be	VERB
cblr-1726	854	35	a	a	DET
cblr-1726	854	36	number	number	NOUN
cblr-1726	854	37	of	of	ADP
cblr-1726	854	38	other	other	ADJ
cblr-1726	854	39	—	—	PUNCT
cblr-1726	854	40	predominantly	predominantly	ADV
cblr-1726	854	41	regional	regional	ADJ
cblr-1726	854	42	—	—	PUNCT
cblr-1726	854	43	arrangements	arrangement	NOUN
cblr-1726	854	44	for	for	ADP
cblr-1726	854	45	the	the	DET
cblr-1726	854	46	provision	provision	NOUN
cblr-1726	854	47	of	of	ADP
cblr-1726	854	48	fcla	fcla	NOUN
cblr-1726	854	49	.	.	PUNCT
cblr-1726	855	1	these	these	PRON
cblr-1726	855	2	include	include	VERB
cblr-1726	855	3	the	the	DET
cblr-1726	855	4	chiang	chiang	PROPN
cblr-1726	855	5	mai	mai	PROPN
cblr-1726	855	6	multilateral	multilateral	ADJ
cblr-1726	855	7	mechanism	mechanism	NOUN
cblr-1726	855	8	administered	administer	VERB
cblr-1726	855	9	by	by	ADP
cblr-1726	855	10	the	the	DET
cblr-1726	855	11	asean	asean	ADJ
cblr-1726	855	12	group	group	NOUN
cblr-1726	855	13	of	of	ADP
cblr-1726	855	14	countries	country	NOUN
cblr-1726	855	15	.	.	PUNCT
cblr-1726	856	1	these	these	DET
cblr-1726	856	2	arrangements	arrangement	NOUN
cblr-1726	856	3	are	be	AUX
cblr-1726	856	4	also	also	ADV
cblr-1726	856	5	potentially	potentially	ADV
cblr-1726	856	6	important	important	ADJ
cblr-1726	856	7	and	and	CCONJ
cblr-1726	856	8	,	,	PUNCT
cblr-1726	856	9	arguably	arguably	ADV
cblr-1726	856	10	,	,	PUNCT
cblr-1726	856	11	in	in	ADP
cblr-1726	856	12	need	need	NOUN
cblr-1726	856	13	of	of	ADP
cblr-1726	856	14	reform	reform	NOUN
cblr-1726	856	15	.	.	PUNCT
cblr-1726	857	1	the	the	DET
cblr-1726	857	2	focus	focus	NOUN
cblr-1726	857	3	of	of	ADP
cblr-1726	857	4	this	this	DET
cblr-1726	857	5	paper	paper	NOUN
cblr-1726	857	6	on	on	ADP
cblr-1726	857	7	the	the	DET
cblr-1726	857	8	network	network	NOUN
cblr-1726	857	9	of	of	ADP
cblr-1726	857	10	central	central	PROPN
cblr-1726	857	11	bank	bank	PROPN
cblr-1726	857	12	swap	swap	NOUN
cblr-1726	857	13	lines	line	NOUN
cblr-1726	857	14	and	and	CCONJ
cblr-1726	857	15	imf	imf	PROPN
cblr-1726	857	16	emergency	emergency	NOUN
cblr-1726	857	17	lending	lending	NOUN
cblr-1726	857	18	facilities	facility	NOUN
cblr-1726	857	19	reflects	reflect	VERB
cblr-1726	857	20	the	the	DET
cblr-1726	857	21	potential	potential	ADJ
cblr-1726	857	22	impact	impact	NOUN
cblr-1726	857	23	of	of	ADP
cblr-1726	857	24	these	these	DET
cblr-1726	857	25	arrangements	arrangement	NOUN
cblr-1726	857	26	at	at	ADP
cblr-1726	857	27	this	this	DET
cblr-1726	857	28	point	point	NOUN
cblr-1726	857	29	in	in	ADP
cblr-1726	857	30	time	time	NOUN
cblr-1726	857	31	.	.	PUNCT
cblr-1726	858	1	the	the	DET
cblr-1726	858	2	swap	swap	NOUN
cblr-1726	858	3	lines	line	NOUN
cblr-1726	858	4	and	and	CCONJ
cblr-1726	858	5	imf	imf	PROPN
cblr-1726	858	6	lending	lending	NOUN
cblr-1726	858	7	facilities	facility	NOUN
cblr-1726	858	8	are	be	AUX
cblr-1726	858	9	also	also	ADV
cblr-1726	858	10	unique	unique	ADJ
cblr-1726	858	11	insofar	insofar	ADV
cblr-1726	858	12	as	as	SCONJ
cblr-1726	858	13	they	they	PRON
cblr-1726	858	14	benefit	benefit	VERB
cblr-1726	858	15	from	from	ADP
cblr-1726	858	16	the	the	DET
cblr-1726	858	17	direct	direct	ADJ
cblr-1726	858	18	participation	participation	NOUN
cblr-1726	858	19	of	of	ADP
cblr-1726	858	20	the	the	DET
cblr-1726	858	21	united	united	PROPN
cblr-1726	858	22	states	states	PROPN
cblr-1726	858	23	as	as	ADP
cblr-1726	858	24	issuer	issuer	NOUN
cblr-1726	858	25	of	of	ADP
cblr-1726	858	26	the	the	DET
cblr-1726	858	27	world	world	NOUN
cblr-1726	858	28	’s	’s	PART
cblr-1726	858	29	most	most	ADV
cblr-1726	858	30	widely	widely	ADV
cblr-1726	858	31	used	use	VERB
cblr-1726	858	32	reserve	reserve	NOUN
cblr-1726	858	33	currency	currency	NOUN
cblr-1726	858	34	.	.	PUNCT
cblr-1726	859	1	212	212	NUM
cblr-1726	859	2	press	press	NOUN
cblr-1726	859	3	release	release	NOUN
cblr-1726	859	4	,	,	PUNCT
cblr-1726	859	5	bd	bd	PROPN
cblr-1726	859	6	.	.	PROPN
cblr-1726	859	7	of	of	ADP
cblr-1726	859	8	governors	governor	NOUN
cblr-1726	859	9	of	of	ADP
cblr-1726	859	10	the	the	DET
cblr-1726	859	11	fed	fed	PROPN
cblr-1726	859	12	.	.	PUNCT
cblr-1726	860	1	res	re	NOUN
cblr-1726	860	2	.	.	PUNCT
cblr-1726	861	1	sys	sys	PROPN
cblr-1726	861	2	.	.	PROPN
cblr-1726	861	3	,	,	PUNCT
cblr-1726	861	4	fomc	fomc	NOUN
cblr-1726	861	5	statement	statement	NOUN
cblr-1726	861	6	(	(	PUNCT
cblr-1726	861	7	jan	jan	PROPN
cblr-1726	861	8	.	.	PROPN
cblr-1726	861	9	27	27	NUM
cblr-1726	861	10	,	,	PUNCT
cblr-1726	861	11	2010	2010	NUM
cblr-1726	861	12	)	)	PUNCT
cblr-1726	861	13	,	,	PUNCT
cblr-1726	861	14	http://www.federalreserve.gov/newsevents/press/monetary/20100127a.htm	http://www.federalreserve.gov/newsevents/press/monetary/20100127a.htm	X
cblr-1726	862	1	[	[	X
cblr-1726	862	2	perma.cc/g8k4-t2rn	perma.cc/g8k4-t2rn	NOUN
cblr-1726	862	3	]	]	PUNCT
cblr-1726	862	4	.	.	PUNCT
cblr-1726	863	1	213	213	NUM
cblr-1726	863	2	press	press	NOUN
cblr-1726	863	3	release	release	NOUN
cblr-1726	863	4	,	,	PUNCT
cblr-1726	863	5	bd	bd	PROPN
cblr-1726	863	6	.	.	PROPN
cblr-1726	863	7	of	of	ADP
cblr-1726	863	8	governors	governor	NOUN
cblr-1726	863	9	of	of	ADP
cblr-1726	863	10	the	the	DET
cblr-1726	863	11	fed	fed	PROPN
cblr-1726	863	12	.	.	PUNCT
cblr-1726	864	1	res	re	NOUN
cblr-1726	864	2	.	.	PUNCT
cblr-1726	865	1	sys	sys	PROPN
cblr-1726	865	2	.	.	PROPN
cblr-1726	865	3	,	,	PUNCT
cblr-1726	865	4	fomc	fomc	NOUN
cblr-1726	865	5	statement	statement	NOUN
cblr-1726	865	6	:	:	PUNCT
cblr-1726	865	7	federal	federal	PROPN
cblr-1726	865	8	reserve	reserve	PROPN
cblr-1726	865	9	,	,	PUNCT
cblr-1726	865	10	european	european	PROPN
cblr-1726	865	11	central	central	PROPN
cblr-1726	865	12	bank	bank	PROPN
cblr-1726	865	13	,	,	PUNCT
cblr-1726	865	14	bank	bank	PROPN
cblr-1726	865	15	of	of	ADP
cblr-1726	865	16	canada	canada	PROPN
cblr-1726	865	17	,	,	PUNCT
cblr-1726	865	18	bank	bank	PROPN
cblr-1726	865	19	of	of	ADP
cblr-1726	865	20	england	england	PROPN
cblr-1726	865	21	,	,	PUNCT
cblr-1726	865	22	and	and	CCONJ
cblr-1726	865	23	swiss	swiss	PROPN
cblr-1726	865	24	national	national	PROPN
cblr-1726	865	25	bank	bank	PROPN
cblr-1726	865	26	announce	announce	VERB
cblr-1726	865	27	reestablishment	reestablishment	NOUN
cblr-1726	865	28	of	of	ADP
cblr-1726	865	29	temporary	temporary	ADJ
cblr-1726	865	30	u.s	u.s	PROPN
cblr-1726	865	31	.	.	PROPN
cblr-1726	865	32	dollar	dollar	PROPN
cblr-1726	865	33	liquidity	liquidity	NOUN
cblr-1726	865	34	swap	swap	NOUN
cblr-1726	865	35	facilities	facility	NOUN
cblr-1726	865	36	(	(	PUNCT
cblr-1726	865	37	may	may	PROPN
cblr-1726	865	38	9	9	NUM
cblr-1726	865	39	,	,	PUNCT
cblr-1726	865	40	2010	2010	NUM
cblr-1726	865	41	)	)	PUNCT
cblr-1726	865	42	,	,	PUNCT
cblr-1726	865	43	https://www.federalreserve.gov/newsevents/press/monetary/20100509a.htm	https://www.federalreserve.gov/newsevents/press/monetary/20100509a.htm	X
cblr-1726	866	1	[	[	X
cblr-1726	866	2	perma.cc/hdn8-6sjz	perma.cc/hdn8-6sjz	NOUN
cblr-1726	866	3	]	]	PUNCT
cblr-1726	866	4	;	;	PUNCT
cblr-1726	866	5	press	press	NOUN
cblr-1726	866	6	release	release	NOUN
cblr-1726	866	7	,	,	PUNCT
cblr-1726	866	8	bd	bd	PROPN
cblr-1726	866	9	.	.	PROPN
cblr-1726	866	10	of	of	ADP
cblr-1726	866	11	governors	governor	NOUN
cblr-1726	866	12	of	of	ADP
cblr-1726	866	13	the	the	DET
cblr-1726	866	14	fed	fed	PROPN
cblr-1726	866	15	.	.	PUNCT
cblr-1726	867	1	res	re	NOUN
cblr-1726	867	2	.	.	PUNCT
cblr-1726	868	1	sys	sys	PROPN
cblr-1726	868	2	.	.	PROPN
cblr-1726	868	3	,	,	PUNCT
cblr-1726	868	4	fomc	fomc	NOUN
cblr-1726	868	5	statement	statement	NOUN
cblr-1726	868	6	:	:	PUNCT
cblr-1726	868	7	fomc	fomc	NOUN
cblr-1726	868	8	authorizes	authorize	VERB
cblr-1726	868	9	re	re	NOUN
cblr-1726	868	10	-	-	NOUN
cblr-1726	868	11	establishment	establishment	NOUN
cblr-1726	868	12	of	of	ADP
cblr-1726	868	13	temporary	temporary	ADJ
cblr-1726	868	14	u.s	u.s	PROPN
cblr-1726	868	15	.	.	PROPN
cblr-1726	868	16	dollar	dollar	PROPN
cblr-1726	868	17	liquidity	liquidity	NOUN
cblr-1726	868	18	swap	swap	NOUN
cblr-1726	868	19	arrangement	arrangement	NOUN
cblr-1726	868	20	with	with	ADP
cblr-1726	868	21	the	the	DET
cblr-1726	868	22	bank	bank	PROPN
cblr-1726	868	23	of	of	ADP
cblr-1726	868	24	japan	japan	PROPN
cblr-1726	868	25	(	(	PUNCT
cblr-1726	868	26	may	may	PROPN
cblr-1726	868	27	10	10	NUM
cblr-1726	868	28	,	,	PUNCT
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cblr-1726	868	31	,	,	PUNCT
cblr-1726	869	1	https://www.federalreserve.gov/newsevents/pressreleases/monetary20100510a.htm	https://www.federalreserve.gov/newsevents/pressreleases/monetary20100510a.htm	PROPN
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cblr-1726	870	3	]	]	PUNCT
cblr-1726	870	4	.	.	PUNCT
cblr-1726	871	1	awrey	awrey	PROPN
cblr-1726	871	2	–	–	PUNCT
cblr-1726	871	3	final	final	ADJ
cblr-1726	871	4	no	no	NOUN
cblr-1726	871	5	.	.	PUNCT
cblr-1726	872	1	3:934	3:934	X
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cblr-1726	872	3	foreign	foreign	ADJ
cblr-1726	872	4	currency	currency	NOUN
cblr-1726	872	5	liquidity	liquidity	NOUN
cblr-1726	872	6	assistance	assistance	NOUN
cblr-1726	872	7	999	999	NUM
cblr-1726	872	8	market	market	NOUN
cblr-1726	872	9	participants	participant	NOUN
cblr-1726	872	10	as	as	ADP
cblr-1726	872	11	to	to	ADP
cblr-1726	872	12	whether	whether	SCONJ
cblr-1726	872	13	and	and	CCONJ
cblr-1726	872	14	when	when	SCONJ
cblr-1726	872	15	these	these	DET
cblr-1726	872	16	arrangements	arrangement	NOUN
cblr-1726	872	17	would	would	AUX
cblr-1726	872	18	be	be	AUX
cblr-1726	872	19	renewed	renew	VERB
cblr-1726	872	20	.	.	PUNCT
cblr-1726	873	1	this	this	DET
cblr-1726	873	2	action	action	NOUN
cblr-1726	873	3	results	result	VERB
cblr-1726	873	4	from	from	ADP
cblr-1726	873	5	the	the	DET
cblr-1726	873	6	ongoing	ongoing	ADJ
cblr-1726	873	7	cooperation	cooperation	NOUN
cblr-1726	873	8	among	among	ADP
cblr-1726	873	9	these	these	DET
cblr-1726	873	10	central	central	ADJ
cblr-1726	873	11	banks	bank	NOUN
cblr-1726	873	12	to	to	PART
cblr-1726	873	13	help	help	VERB
cblr-1726	873	14	maintain	maintain	VERB
cblr-1726	873	15	financial	financial	ADJ
cblr-1726	873	16	stability	stability	NOUN
cblr-1726	873	17	and	and	CCONJ
cblr-1726	873	18	confidence	confidence	NOUN
cblr-1726	873	19	in	in	ADP
cblr-1726	873	20	global	global	ADJ
cblr-1726	873	21	funding	funding	NOUN
cblr-1726	873	22	markets.214	markets.214	NOUN
cblr-1726	873	23	what	what	PRON
cblr-1726	873	24	began	begin	VERB
cblr-1726	873	25	as	as	ADP
cblr-1726	873	26	a	a	DET
cblr-1726	873	27	somewhat	somewhat	ADV
cblr-1726	873	28	ad	ad	X
cblr-1726	873	29	hoc	hoc	X
cblr-1726	873	30	response	response	NOUN
cblr-1726	873	31	to	to	ADP
cblr-1726	873	32	the	the	DET
cblr-1726	873	33	financial	financial	ADJ
cblr-1726	873	34	crisis	crisis	NOUN
cblr-1726	873	35	has	have	AUX
cblr-1726	873	36	thus	thus	ADV
cblr-1726	873	37	rather	rather	ADV
cblr-1726	873	38	quietly	quietly	ADV
cblr-1726	873	39	metamorphosized	metamorphosize	VERB
cblr-1726	873	40	into	into	ADP
cblr-1726	873	41	an	an	DET
cblr-1726	873	42	important	important	ADJ
cblr-1726	873	43	—	—	PUNCT
cblr-1726	873	44	and	and	CCONJ
cblr-1726	873	45	seemingly	seemingly	ADV
cblr-1726	873	46	permanent	permanent	ADJ
cblr-1726	873	47	—	—	PUNCT
cblr-1726	873	48	feature	feature	NOUN
cblr-1726	873	49	of	of	ADP
cblr-1726	873	50	the	the	DET
cblr-1726	873	51	global	global	ADJ
cblr-1726	873	52	financial	financial	ADJ
cblr-1726	873	53	crisis	crisis	NOUN
cblr-1726	873	54	management	management	NOUN
cblr-1726	873	55	architecture	architecture	NOUN
cblr-1726	873	56	.	.	PUNCT
cblr-1726	874	1	the	the	DET
cblr-1726	874	2	standing	standing	PROPN
cblr-1726	874	3	swap	swap	PROPN
cblr-1726	874	4	facilities	facility	NOUN
cblr-1726	874	5	announced	announce	VERB
cblr-1726	874	6	in	in	ADP
cblr-1726	874	7	october	october	PROPN
cblr-1726	874	8	2013	2013	NUM
cblr-1726	874	9	are	be	AUX
cblr-1726	874	10	enshrined	enshrine	VERB
cblr-1726	874	11	in	in	ADP
cblr-1726	874	12	a	a	DET
cblr-1726	874	13	series	series	NOUN
cblr-1726	874	14	of	of	ADP
cblr-1726	874	15	bilateral	bilateral	ADJ
cblr-1726	874	16	agreements	agreement	NOUN
cblr-1726	874	17	between	between	ADP
cblr-1726	874	18	each	each	PRON
cblr-1726	874	19	of	of	ADP
cblr-1726	874	20	the	the	DET
cblr-1726	874	21	participating	participate	VERB
cblr-1726	874	22	central	central	ADJ
cblr-1726	874	23	banks.215	banks.215	VERB
cblr-1726	874	24	these	these	DET
cblr-1726	874	25	agreements	agreement	NOUN
cblr-1726	874	26	share	share	VERB
cblr-1726	874	27	several	several	ADJ
cblr-1726	874	28	important	important	ADJ
cblr-1726	874	29	features	feature	NOUN
cblr-1726	874	30	.	.	PUNCT
cblr-1726	875	1	the	the	DET
cblr-1726	875	2	first	first	ADJ
cblr-1726	875	3	is	be	AUX
cblr-1726	875	4	that	that	SCONJ
cblr-1726	875	5	the	the	DET
cblr-1726	875	6	extension	extension	NOUN
cblr-1726	875	7	of	of	ADP
cblr-1726	875	8	fcla	fcla	NOUN
cblr-1726	875	9	under	under	ADP
cblr-1726	875	10	these	these	DET
cblr-1726	875	11	agreements	agreement	NOUN
cblr-1726	875	12	is	be	AUX
cblr-1726	875	13	highly	highly	ADV
cblr-1726	875	14	contingent	contingent	ADJ
cblr-1726	875	15	on	on	ADP
cblr-1726	875	16	domestic	domestic	ADJ
cblr-1726	875	17	legal	legal	ADJ
cblr-1726	875	18	and	and	CCONJ
cblr-1726	875	19	political	political	ADJ
cblr-1726	875	20	considerations	consideration	NOUN
cblr-1726	875	21	.	.	PUNCT
cblr-1726	876	1	the	the	DET
cblr-1726	876	2	wording	wording	NOUN
cblr-1726	876	3	of	of	ADP
cblr-1726	876	4	these	these	DET
cblr-1726	876	5	agreements	agreement	NOUN
cblr-1726	876	6	strongly	strongly	ADV
cblr-1726	876	7	suggests	suggest	VERB
cblr-1726	876	8	that	that	SCONJ
cblr-1726	876	9	swap	swap	NOUN
cblr-1726	876	10	transactions	transaction	NOUN
cblr-1726	876	11	will	will	AUX
cblr-1726	876	12	only	only	ADV
cblr-1726	876	13	be	be	AUX
cblr-1726	876	14	approved	approve	VERB
cblr-1726	876	15	and	and	CCONJ
cblr-1726	876	16	executed	execute	VERB
cblr-1726	876	17	upon	upon	SCONJ
cblr-1726	876	18	the	the	DET
cblr-1726	876	19	mutual	mutual	ADJ
cblr-1726	876	20	agreement	agreement	NOUN
cblr-1726	876	21	of	of	ADP
cblr-1726	876	22	both	both	DET
cblr-1726	876	23	parties	party	NOUN
cblr-1726	876	24	at	at	ADP
cblr-1726	876	25	the	the	DET
cblr-1726	876	26	time	time	NOUN
cblr-1726	876	27	one	one	NUM
cblr-1726	876	28	of	of	ADP
cblr-1726	876	29	them	they	PRON
cblr-1726	876	30	actually	actually	ADV
cblr-1726	876	31	requests	request	VERB
cblr-1726	876	32	fcla.216	fcla.216	VERB
cblr-1726	876	33	the	the	DET
cblr-1726	876	34	extension	extension	NOUN
cblr-1726	876	35	of	of	ADP
cblr-1726	876	36	fcla	fcla	NOUN
cblr-1726	876	37	must	must	AUX
cblr-1726	876	38	also	also	ADV
cblr-1726	876	39	be	be	AUX
cblr-1726	876	40	consistent	consistent	ADJ
cblr-1726	876	41	with	with	ADP
cblr-1726	876	42	the	the	DET
cblr-1726	876	43	statutory	statutory	ADJ
cblr-1726	876	44	mandates	mandate	NOUN
cblr-1726	876	45	of	of	ADP
cblr-1726	876	46	the	the	DET
cblr-1726	876	47	relevant	relevant	ADJ
cblr-1726	876	48	central	central	ADJ
cblr-1726	876	49	banks	bank	NOUN
cblr-1726	876	50	.	.	PUNCT
cblr-1726	877	1	these	these	DET
cblr-1726	877	2	requirements	requirement	NOUN
cblr-1726	877	3	are	be	AUX
cblr-1726	877	4	in	in	ADP
cblr-1726	877	5	all	all	DET
cblr-1726	877	6	likelihood	likelihood	NOUN
cblr-1726	877	7	linked	link	VERB
cblr-1726	877	8	;	;	PUNCT
cblr-1726	877	9	the	the	DET
cblr-1726	877	10	contingent	contingent	ADJ
cblr-1726	877	11	nature	nature	NOUN
cblr-1726	877	12	of	of	ADP
cblr-1726	877	13	the	the	DET
cblr-1726	877	14	commitment	commitment	NOUN
cblr-1726	877	15	is	be	AUX
cblr-1726	877	16	ultimately	ultimately	ADV
cblr-1726	877	17	a	a	DET
cblr-1726	877	18	reflection	reflection	NOUN
cblr-1726	877	19	of	of	ADP
cblr-1726	877	20	the	the	DET
cblr-1726	877	21	need	need	NOUN
cblr-1726	877	22	to	to	PART
cblr-1726	877	23	ensure	ensure	VERB
cblr-1726	877	24	that	that	SCONJ
cblr-1726	877	25	any	any	DET
cblr-1726	877	26	given	give	VERB
cblr-1726	877	27	swap	swap	NOUN
cblr-1726	877	28	transaction	transaction	NOUN
cblr-1726	877	29	falls	fall	VERB
cblr-1726	877	30	squarely	squarely	ADV
cblr-1726	877	31	within	within	ADP
cblr-1726	877	32	the	the	DET
cblr-1726	877	33	scope	scope	NOUN
cblr-1726	877	34	of	of	ADP
cblr-1726	877	35	the	the	DET
cblr-1726	877	36	central	central	PROPN
cblr-1726	877	37	bank	bank	NOUN
cblr-1726	877	38	’s	’s	PART
cblr-1726	877	39	legal	legal	ADJ
cblr-1726	877	40	authority	authority	NOUN
cblr-1726	877	41	.	.	PUNCT
cblr-1726	878	1	perhaps	perhaps	ADV
cblr-1726	878	2	not	not	PART
cblr-1726	878	3	sur	sur	VERB
cblr-1726	878	4	214	214	NUM
cblr-1726	878	5	frequently	frequently	ADV
cblr-1726	878	6	asked	ask	VERB
cblr-1726	878	7	questions	question	NOUN
cblr-1726	878	8	:	:	PUNCT
cblr-1726	878	9	standing	stand	VERB
cblr-1726	878	10	lines	line	NOUN
cblr-1726	878	11	for	for	ADP
cblr-1726	878	12	u.s	u.s	PROPN
cblr-1726	878	13	.	.	PROPN
cblr-1726	878	14	dollar	dollar	NOUN
cblr-1726	878	15	and	and	CCONJ
cblr-1726	878	16	foreign	foreign	ADJ
cblr-1726	878	17	currency	currency	NOUN
cblr-1726	878	18	liquidity	liquidity	NOUN
cblr-1726	878	19	swaps	swap	NOUN
cblr-1726	878	20	,	,	PUNCT
cblr-1726	878	21	bd	bd	PROPN
cblr-1726	878	22	.	.	PROPN
cblr-1726	878	23	of	of	ADP
cblr-1726	878	24	governors	governor	NOUN
cblr-1726	878	25	of	of	ADP
cblr-1726	878	26	the	the	DET
cblr-1726	878	27	fed	fed	PROPN
cblr-1726	878	28	.	.	PUNCT
cblr-1726	879	1	res	re	NOUN
cblr-1726	879	2	.	.	PUNCT
cblr-1726	880	1	sys	sys	PROPN
cblr-1726	880	2	.	.	PROPN
cblr-1726	880	3	,	,	PUNCT
cblr-1726	880	4	(	(	PUNCT
cblr-1726	880	5	oct	oct	PROPN
cblr-1726	880	6	.	.	PROPN
cblr-1726	880	7	2013	2013	NUM
cblr-1726	880	8	)	)	PUNCT
cblr-1726	880	9	,	,	PUNCT
cblr-1726	880	10	https://www.federalreserve.gov/monetarypolicy/bst_swapfaqs.htm	https://www.federalreserve.gov/monetarypolicy/bst_swapfaqs.htm	PROPN
cblr-1726	880	11	.	.	PROPN
cblr-1726	880	12	215	215	NUM
cblr-1726	880	13	the	the	DET
cblr-1726	880	14	agreements	agreement	NOUN
cblr-1726	880	15	among	among	ADP
cblr-1726	880	16	the	the	DET
cblr-1726	880	17	fed	fed	PROPN
cblr-1726	880	18	and	and	CCONJ
cblr-1726	880	19	participating	participate	VERB
cblr-1726	880	20	central	central	ADJ
cblr-1726	880	21	banks	bank	NOUN
cblr-1726	880	22	are	be	AUX
cblr-1726	880	23	available	available	ADJ
cblr-1726	880	24	at	at	ADP
cblr-1726	880	25	central	central	ADJ
cblr-1726	880	26	bank	bank	NOUN
cblr-1726	880	27	liquidity	liquidity	NOUN
cblr-1726	880	28	swaps	swap	NOUN
cblr-1726	880	29	,	,	PUNCT
cblr-1726	880	30	fed	fed	PROPN
cblr-1726	880	31	.	.	PUNCT
cblr-1726	881	1	res	res	PROPN
cblr-1726	881	2	.	.	PUNCT
cblr-1726	881	3	bank	bank	PROPN
cblr-1726	881	4	of	of	ADP
cblr-1726	881	5	n.y	n.y	PROPN
cblr-1726	881	6	.	.	PROPN
cblr-1726	881	7	,	,	PUNCT
cblr-1726	881	8	https://www.newyorkfed.org/markets/liquidity_swap.html	https://www.newyorkfed.org/markets/liquidity_swap.html	PROPN
cblr-1726	882	1	[	[	X
cblr-1726	882	2	perma.cc/8jkm-l5gy	perma.cc/8jkm-l5gy	X
cblr-1726	882	3	]	]	X
cblr-1726	882	4	.	.	PUNCT
cblr-1726	883	1	216	216	NUM
cblr-1726	883	2	see	see	VERB
cblr-1726	883	3	e.g.	e.g.	ADV
cblr-1726	883	4	,	,	PUNCT
cblr-1726	883	5	u.s	u.s	PROPN
cblr-1726	883	6	.	.	PROPN
cblr-1726	883	7	dollar	dollar	NOUN
cblr-1726	883	8	-	-	PUNCT
cblr-1726	883	9	british	british	ADJ
cblr-1726	883	10	pounds	pound	NOUN
cblr-1726	883	11	swap	swap	NOUN
cblr-1726	883	12	agreement	agreement	NOUN
cblr-1726	883	13	,	,	PUNCT
cblr-1726	883	14	fed	fed	PROPN
cblr-1726	883	15	.	.	PUNCT
cblr-1726	884	1	res	res	PROPN
cblr-1726	884	2	.	.	PUNCT
cblr-1726	884	3	bank	bank	PROPN
cblr-1726	884	4	of	of	ADP
cblr-1726	884	5	n.y	n.y	PROPN
cblr-1726	884	6	.	.	PROPN
cblr-1726	885	1	(	(	PUNCT
cblr-1726	885	2	jan	jan	PROPN
cblr-1726	885	3	.	.	PROPN
cblr-1726	885	4	16	16	NUM
cblr-1726	885	5	,	,	PUNCT
cblr-1726	885	6	2014	2014	NUM
cblr-1726	885	7	)	)	PUNCT
cblr-1726	885	8	,	,	PUNCT
cblr-1726	885	9	https://www.newyorkfed.org/medialibrary/media/markets/usd_pound_swap_agreement.pdf	https://www.newyorkfed.org/medialibrary/media/markets/usd_pound_swap_agreement.pdf	NOUN
cblr-1726	885	10	[	[	X
cblr-1726	885	11	perma.cc/2533uww3	perma.cc/2533uww3	X
cblr-1726	885	12	]	]	PUNCT
cblr-1726	885	13	.	.	PUNCT
cblr-1726	886	1	section	section	NOUN
cblr-1726	886	2	1(c	1(c	NUM
cblr-1726	886	3	)	)	PUNCT
cblr-1726	886	4	of	of	ADP
cblr-1726	886	5	this	this	DET
cblr-1726	886	6	agreement	agreement	NOUN
cblr-1726	886	7	begins	begin	VERB
cblr-1726	886	8	:	:	PUNCT
cblr-1726	886	9	“	"	PUNCT
cblr-1726	886	10	the	the	DET
cblr-1726	886	11	parties	party	NOUN
cblr-1726	886	12	agree	agree	VERB
cblr-1726	886	13	,	,	PUNCT
cblr-1726	886	14	at	at	ADP
cblr-1726	886	15	such	such	ADJ
cblr-1726	886	16	times	time	NOUN
cblr-1726	886	17	as	as	SCONJ
cblr-1726	886	18	they	they	PRON
cblr-1726	886	19	mutually	mutually	ADV
cblr-1726	886	20	agree	agree	VERB
cblr-1726	886	21	,	,	PUNCT
cblr-1726	886	22	to	to	PART
cblr-1726	886	23	enter	enter	VERB
cblr-1726	886	24	into	into	ADP
cblr-1726	886	25	swap	swap	NOUN
cblr-1726	886	26	transactions	transaction	NOUN
cblr-1726	886	27	.	.	PUNCT
cblr-1726	886	28	.	.	PUNCT
cblr-1726	886	29	.	.	PUNCT
cblr-1726	886	30	”	"	PUNCT
cblr-1726	887	1	(	(	PUNCT
cblr-1726	887	2	emphasis	emphasis	NOUN
cblr-1726	887	3	added	add	VERB
cblr-1726	887	4	)	)	PUNCT
cblr-1726	887	5	.	.	PUNCT
cblr-1726	888	1	awrey	awrey	PROPN
cblr-1726	888	2	–	–	PUNCT
cblr-1726	888	3	final	final	ADJ
cblr-1726	888	4	1000	1000	NUM
cblr-1726	888	5	columbia	columbia	PROPN
cblr-1726	888	6	business	business	NOUN
cblr-1726	888	7	law	law	PROPN
cblr-1726	888	8	review	review	NOUN
cblr-1726	889	1	[	[	X
cblr-1726	889	2	vol	vol	NOUN
cblr-1726	889	3	.	.	NOUN
cblr-1726	889	4	2017	2017	NUM
cblr-1726	889	5	prisingly	prisingly	ADV
cblr-1726	889	6	,	,	PUNCT
cblr-1726	889	7	however	however	ADV
cblr-1726	889	8	,	,	PUNCT
cblr-1726	889	9	these	these	DET
cblr-1726	889	10	mandates	mandate	NOUN
cblr-1726	889	11	rarely	rarely	ADV
cblr-1726	889	12	make	make	VERB
cblr-1726	889	13	explicit	explicit	ADJ
cblr-1726	889	14	reference	reference	NOUN
cblr-1726	889	15	to	to	ADP
cblr-1726	889	16	the	the	DET
cblr-1726	889	17	promotion	promotion	NOUN
cblr-1726	889	18	of	of	ADP
cblr-1726	889	19	monetary	monetary	ADJ
cblr-1726	889	20	or	or	CCONJ
cblr-1726	889	21	financial	financial	ADJ
cblr-1726	889	22	stability	stability	NOUN
cblr-1726	889	23	in	in	ADP
cblr-1726	889	24	other	other	ADJ
cblr-1726	889	25	countries	country	NOUN
cblr-1726	889	26	.	.	PUNCT
cblr-1726	890	1	in	in	ADP
cblr-1726	890	2	the	the	DET
cblr-1726	890	3	united	united	PROPN
cblr-1726	890	4	states	states	PROPN
cblr-1726	890	5	,	,	PUNCT
cblr-1726	890	6	for	for	ADP
cblr-1726	890	7	example	example	NOUN
cblr-1726	890	8	,	,	PUNCT
cblr-1726	890	9	the	the	DET
cblr-1726	890	10	statutory	statutory	ADJ
cblr-1726	890	11	authority	authority	NOUN
cblr-1726	890	12	of	of	ADP
cblr-1726	890	13	the	the	DET
cblr-1726	890	14	fed	fed	PROPN
cblr-1726	890	15	to	to	PART
cblr-1726	890	16	enter	enter	VERB
cblr-1726	890	17	into	into	ADP
cblr-1726	890	18	these	these	DET
cblr-1726	890	19	swap	swap	NOUN
cblr-1726	890	20	transactions	transaction	NOUN
cblr-1726	890	21	is	be	AUX
cblr-1726	890	22	provided	provide	VERB
cblr-1726	890	23	by	by	ADP
cblr-1726	890	24	section	section	NOUN
cblr-1726	890	25	14	14	NUM
cblr-1726	890	26	of	of	ADP
cblr-1726	890	27	the	the	DET
cblr-1726	890	28	federal	federal	PROPN
cblr-1726	890	29	reserve	reserve	PROPN
cblr-1726	890	30	act.217	act.217	PROPN
cblr-1726	890	31	section	section	NOUN
cblr-1726	890	32	14	14	NUM
cblr-1726	890	33	authorizes	authorize	VERB
cblr-1726	890	34	each	each	PRON
cblr-1726	890	35	of	of	ADP
cblr-1726	890	36	the	the	DET
cblr-1726	890	37	twelve	twelve	NUM
cblr-1726	890	38	regional	regional	ADJ
cblr-1726	890	39	federal	federal	ADJ
cblr-1726	890	40	reserve	reserve	NOUN
cblr-1726	890	41	banks	bank	NOUN
cblr-1726	890	42	to	to	PART
cblr-1726	890	43	purchase	purchase	VERB
cblr-1726	890	44	and	and	CCONJ
cblr-1726	890	45	sell	sell	VERB
cblr-1726	890	46	foreign	foreign	ADJ
cblr-1726	890	47	currencies	currency	NOUN
cblr-1726	890	48	as	as	ADP
cblr-1726	890	49	a	a	DET
cblr-1726	890	50	part	part	NOUN
cblr-1726	890	51	of	of	ADP
cblr-1726	890	52	the	the	DET
cblr-1726	890	53	fed	fed	PROPN
cblr-1726	890	54	’s	’s	PART
cblr-1726	890	55	open	open	ADJ
cblr-1726	890	56	market	market	NOUN
cblr-1726	890	57	operations.218	operations.218	NOUN
cblr-1726	890	58	while	while	SCONJ
cblr-1726	890	59	this	this	PRON
cblr-1726	890	60	might	might	AUX
cblr-1726	890	61	appear	appear	VERB
cblr-1726	890	62	to	to	PART
cblr-1726	890	63	give	give	VERB
cblr-1726	890	64	the	the	DET
cblr-1726	890	65	fed	fed	PROPN
cblr-1726	890	66	a	a	DET
cblr-1726	890	67	wide	wide	ADJ
cblr-1726	890	68	berth	berth	NOUN
cblr-1726	890	69	,	,	PUNCT
cblr-1726	890	70	these	these	DET
cblr-1726	890	71	transactions	transaction	NOUN
cblr-1726	890	72	must	must	AUX
cblr-1726	890	73	still	still	ADV
cblr-1726	890	74	be	be	AUX
cblr-1726	890	75	consistent	consistent	ADJ
cblr-1726	890	76	with	with	ADP
cblr-1726	890	77	its	its	PRON
cblr-1726	890	78	wider	wide	ADJ
cblr-1726	890	79	mandate	mandate	NOUN
cblr-1726	890	80	to	to	PART
cblr-1726	890	81	promote	promote	VERB
cblr-1726	890	82	maximum	maximum	ADJ
cblr-1726	890	83	employment	employment	NOUN
cblr-1726	890	84	,	,	PUNCT
cblr-1726	890	85	stable	stable	ADJ
cblr-1726	890	86	prices	price	NOUN
cblr-1726	890	87	,	,	PUNCT
cblr-1726	890	88	and	and	CCONJ
cblr-1726	890	89	moderate	moderate	ADJ
cblr-1726	890	90	long	long	ADJ
cblr-1726	890	91	-	-	PUNCT
cblr-1726	890	92	term	term	NOUN
cblr-1726	890	93	interest	interest	NOUN
cblr-1726	890	94	rates.219	rates.219	ADP
cblr-1726	890	95	this	this	DET
cblr-1726	890	96	mandate	mandate	NOUN
cblr-1726	890	97	has	have	AUX
cblr-1726	890	98	been	be	AUX
cblr-1726	890	99	interpreted	interpret	VERB
cblr-1726	890	100	by	by	ADP
cblr-1726	890	101	senior	senior	ADJ
cblr-1726	890	102	fed	fed	PROPN
cblr-1726	890	103	officials	official	NOUN
cblr-1726	890	104	as	as	ADP
cblr-1726	890	105	implicitly	implicitly	ADV
cblr-1726	890	106	encompassing	encompass	VERB
cblr-1726	890	107	the	the	DET
cblr-1726	890	108	promotion	promotion	NOUN
cblr-1726	890	109	of	of	ADP
cblr-1726	890	110	financial	financial	ADJ
cblr-1726	890	111	stability.220	stability.220	NOUN
cblr-1726	890	112	consistent	consistent	ADJ
cblr-1726	890	113	with	with	ADP
cblr-1726	890	114	this	this	DET
cblr-1726	890	115	interpretation	interpretation	NOUN
cblr-1726	890	116	,	,	PUNCT
cblr-1726	890	117	the	the	DET
cblr-1726	890	118	fed	fed	PROPN
cblr-1726	890	119	has	have	AUX
cblr-1726	890	120	signaled	signal	VERB
cblr-1726	890	121	that	that	SCONJ
cblr-1726	890	122	217	217	NUM
cblr-1726	890	123	federal	federal	PROPN
cblr-1726	890	124	reserve	reserve	PROPN
cblr-1726	890	125	act	act	PROPN
cblr-1726	890	126	,	,	PUNCT
cblr-1726	890	127	12	12	NUM
cblr-1726	890	128	u.s.c	u.s.c	ADJ
cblr-1726	890	129	.	.	PUNCT
cblr-1726	891	1	§	§	PROPN
cblr-1726	891	2	226	226	NUM
cblr-1726	891	3	(	(	PUNCT
cblr-1726	891	4	1913	1913	NUM
cblr-1726	891	5	)	)	PUNCT
cblr-1726	891	6	.	.	PUNCT
cblr-1726	892	1	218	218	NUM
cblr-1726	892	2	section	section	NOUN
cblr-1726	892	3	14	14	NUM
cblr-1726	892	4	of	of	ADP
cblr-1726	892	5	the	the	DET
cblr-1726	892	6	federal	federal	PROPN
cblr-1726	892	7	reserve	reserve	PROPN
cblr-1726	892	8	act	act	PROPN
cblr-1726	892	9	states	state	NOUN
cblr-1726	892	10	:	:	PUNCT
cblr-1726	892	11	“	"	PUNCT
cblr-1726	892	12	any	any	DET
cblr-1726	892	13	federal	federal	PROPN
cblr-1726	892	14	reserve	reserve	PROPN
cblr-1726	892	15	bank	bank	PROPN
cblr-1726	892	16	may	may	AUX
cblr-1726	892	17	,	,	PUNCT
cblr-1726	892	18	under	under	ADP
cblr-1726	892	19	rules	rule	NOUN
cblr-1726	892	20	and	and	CCONJ
cblr-1726	892	21	regulations	regulation	NOUN
cblr-1726	892	22	prescribed	prescribe	VERB
cblr-1726	892	23	by	by	ADP
cblr-1726	892	24	the	the	DET
cblr-1726	892	25	board	board	NOUN
cblr-1726	892	26	of	of	ADP
cblr-1726	892	27	governors	governor	NOUN
cblr-1726	892	28	of	of	ADP
cblr-1726	892	29	the	the	DET
cblr-1726	892	30	federal	federal	PROPN
cblr-1726	892	31	reserve	reserve	PROPN
cblr-1726	892	32	system	system	NOUN
cblr-1726	892	33	,	,	PUNCT
cblr-1726	892	34	purchase	purchase	NOUN
cblr-1726	892	35	and	and	CCONJ
cblr-1726	892	36	sell	sell	VERB
cblr-1726	892	37	in	in	ADP
cblr-1726	892	38	the	the	DET
cblr-1726	892	39	open	open	ADJ
cblr-1726	892	40	market	market	NOUN
cblr-1726	892	41	,	,	PUNCT
cblr-1726	892	42	at	at	ADP
cblr-1726	892	43	home	home	NOUN
cblr-1726	892	44	or	or	CCONJ
cblr-1726	892	45	abroad	abroad	ADV
cblr-1726	892	46	,	,	PUNCT
cblr-1726	892	47	either	either	CCONJ
cblr-1726	892	48	from	from	ADP
cblr-1726	892	49	or	or	CCONJ
cblr-1726	892	50	to	to	ADP
cblr-1726	892	51	domestic	domestic	ADJ
cblr-1726	892	52	or	or	CCONJ
cblr-1726	892	53	foreign	foreign	ADJ
cblr-1726	892	54	banks	bank	NOUN
cblr-1726	892	55	,	,	PUNCT
cblr-1726	892	56	firms	firm	NOUN
cblr-1726	892	57	,	,	PUNCT
cblr-1726	892	58	corporations	corporation	NOUN
cblr-1726	892	59	,	,	PUNCT
cblr-1726	892	60	or	or	CCONJ
cblr-1726	892	61	individuals	individual	NOUN
cblr-1726	892	62	,	,	PUNCT
cblr-1726	892	63	cable	cable	NOUN
cblr-1726	892	64	transfers	transfer	NOUN
cblr-1726	892	65	”	"	PUNCT
cblr-1726	892	66	(	(	PUNCT
cblr-1726	892	67	emphasis	emphasis	NOUN
cblr-1726	892	68	added	add	VERB
cblr-1726	892	69	)	)	PUNCT
cblr-1726	892	70	.	.	PUNCT
cblr-1726	893	1	written	write	VERB
cblr-1726	893	2	in	in	ADP
cblr-1726	893	3	1913	1913	NUM
cblr-1726	893	4	,	,	PUNCT
cblr-1726	893	5	the	the	DET
cblr-1726	893	6	reference	reference	NOUN
cblr-1726	893	7	to	to	ADP
cblr-1726	893	8	“	"	PUNCT
cblr-1726	893	9	cable	cable	NOUN
cblr-1726	893	10	transfers	transfer	NOUN
cblr-1726	893	11	”	"	PUNCT
cblr-1726	893	12	is	be	AUX
cblr-1726	893	13	in	in	ADP
cblr-1726	893	14	fact	fact	NOUN
cblr-1726	893	15	a	a	DET
cblr-1726	893	16	reference	reference	NOUN
cblr-1726	893	17	to	to	ADP
cblr-1726	893	18	foreign	foreign	ADJ
cblr-1726	893	19	currencies	currency	NOUN
cblr-1726	893	20	.	.	PUNCT
cblr-1726	894	1	section	section	NOUN
cblr-1726	894	2	14(e	14(e	NUM
cblr-1726	894	3	)	)	PUNCT
cblr-1726	894	4	,	,	PUNCT
cblr-1726	894	5	meanwhile	meanwhile	ADV
cblr-1726	894	6	,	,	PUNCT
cblr-1726	894	7	permits	permit	VERB
cblr-1726	894	8	any	any	DET
cblr-1726	894	9	federal	federal	PROPN
cblr-1726	894	10	reserve	reserve	PROPN
cblr-1726	894	11	bank	bank	PROPN
cblr-1726	894	12	to	to	PART
cblr-1726	894	13	:	:	PUNCT
cblr-1726	895	1	[	[	X
cblr-1726	895	2	o]pen	o]pen	X
cblr-1726	895	3	and	and	CCONJ
cblr-1726	895	4	maintain	maintain	VERB
cblr-1726	895	5	accounts	account	NOUN
cblr-1726	895	6	in	in	ADP
cblr-1726	895	7	foreign	foreign	ADJ
cblr-1726	895	8	countries	country	NOUN
cblr-1726	895	9	,	,	PUNCT
cblr-1726	895	10	appoint	appoint	NOUN
cblr-1726	895	11	correspondents	correspondent	NOUN
cblr-1726	895	12	,	,	PUNCT
cblr-1726	895	13	and	and	CCONJ
cblr-1726	895	14	establish	establish	VERB
cblr-1726	895	15	agencies	agency	NOUN
cblr-1726	895	16	in	in	ADP
cblr-1726	895	17	such	such	ADJ
cblr-1726	895	18	countries	country	NOUN
cblr-1726	895	19	wheresoever	wheresoever	VERB
cblr-1726	895	20	[	[	X
cblr-1726	895	21	sic	sic	X
cblr-1726	895	22	]	]	X
cblr-1726	895	23	it	it	PRON
cblr-1726	895	24	may	may	AUX
cblr-1726	895	25	be	be	AUX
cblr-1726	895	26	deemed	deem	VERB
cblr-1726	895	27	best	good	ADJ
cblr-1726	895	28	for	for	ADP
cblr-1726	895	29	the	the	DET
cblr-1726	895	30	purpose	purpose	NOUN
cblr-1726	895	31	of	of	ADP
cblr-1726	895	32	purchasing	purchasing	NOUN
cblr-1726	895	33	,	,	PUNCT
cblr-1726	895	34	selling	selling	NOUN
cblr-1726	895	35	,	,	PUNCT
cblr-1726	895	36	and	and	CCONJ
cblr-1726	895	37	collecting	collect	VERB
cblr-1726	895	38	bills	bill	NOUN
cblr-1726	895	39	of	of	ADP
cblr-1726	895	40	exchange	exchange	NOUN
cblr-1726	895	41	,	,	PUNCT
cblr-1726	895	42	and	and	CCONJ
cblr-1726	895	43	to	to	PART
cblr-1726	895	44	buy	buy	VERB
cblr-1726	895	45	and	and	CCONJ
cblr-1726	895	46	sell	sell	VERB
cblr-1726	895	47	,	,	PUNCT
cblr-1726	895	48	with	with	ADP
cblr-1726	895	49	or	or	CCONJ
cblr-1726	895	50	without	without	ADP
cblr-1726	895	51	its	its	PRON
cblr-1726	895	52	indorsement	indorsement	NOUN
cblr-1726	895	53	[	[	X
cblr-1726	895	54	sic	sic	ADJ
cblr-1726	895	55	]	]	X
cblr-1726	895	56	,	,	PUNCT
cblr-1726	895	57	through	through	ADP
cblr-1726	895	58	such	such	ADJ
cblr-1726	895	59	correspondents	correspondent	NOUN
cblr-1726	895	60	or	or	CCONJ
cblr-1726	895	61	agencies	agency	NOUN
cblr-1726	895	62	,	,	PUNCT
cblr-1726	895	63	bills	bill	NOUN
cblr-1726	895	64	of	of	ADP
cblr-1726	895	65	exchange	exchange	NOUN
cblr-1726	895	66	(	(	PUNCT
cblr-1726	895	67	or	or	CCONJ
cblr-1726	895	68	acceptances	acceptance	NOUN
cblr-1726	895	69	)	)	PUNCT
cblr-1726	895	70	arising	arise	VERB
cblr-1726	895	71	out	out	ADP
cblr-1726	895	72	of	of	ADP
cblr-1726	895	73	actual	actual	ADJ
cblr-1726	895	74	commercial	commercial	ADJ
cblr-1726	895	75	transactions	transaction	NOUN
cblr-1726	895	76	which	which	PRON
cblr-1726	895	77	have	have	VERB
cblr-1726	895	78	not	not	PART
cblr-1726	895	79	more	more	ADJ
cblr-1726	895	80	than	than	ADP
cblr-1726	895	81	ninety	ninety	NUM
cblr-1726	895	82	days	day	NOUN
cblr-1726	895	83	to	to	PART
cblr-1726	895	84	run	run	VERB
cblr-1726	895	85	…	…	PUNCT
cblr-1726	895	86	and	and	CCONJ
cblr-1726	895	87	…	…	PUNCT
cblr-1726	895	88	to	to	PART
cblr-1726	895	89	open	open	VERB
cblr-1726	895	90	and	and	CCONJ
cblr-1726	895	91	maintain	maintain	VERB
cblr-1726	895	92	banking	banking	NOUN
cblr-1726	895	93	accounts	account	NOUN
cblr-1726	895	94	for	for	ADP
cblr-1726	895	95	such	such	ADJ
cblr-1726	895	96	foreign	foreign	ADJ
cblr-1726	895	97	correspondents	correspondent	NOUN
cblr-1726	895	98	or	or	CCONJ
cblr-1726	895	99	agencies	agency	NOUN
cblr-1726	895	100	,	,	PUNCT
cblr-1726	895	101	or	or	CCONJ
cblr-1726	895	102	for	for	ADP
cblr-1726	895	103	foreign	foreign	ADJ
cblr-1726	895	104	banks	bank	NOUN
cblr-1726	895	105	or	or	CCONJ
cblr-1726	895	106	bankers	banker	NOUN
cblr-1726	895	107	,	,	PUNCT
cblr-1726	895	108	or	or	CCONJ
cblr-1726	895	109	for	for	ADP
cblr-1726	895	110	foreign	foreign	ADJ
cblr-1726	895	111	states	state	NOUN
cblr-1726	895	112	.	.	PUNCT
cblr-1726	895	113	.	.	PUNCT
cblr-1726	896	1	.	.	PUNCT
cblr-1726	896	2	.	.	PUNCT
cblr-1726	897	1	federal	federal	PROPN
cblr-1726	897	2	reserve	reserve	PROPN
cblr-1726	897	3	act	act	PROPN
cblr-1726	897	4	,	,	PUNCT
cblr-1726	897	5	12	12	NUM
cblr-1726	897	6	u.s.c	u.s.c	ADJ
cblr-1726	897	7	.	.	PUNCT
cblr-1726	898	1	§	§	PROPN
cblr-1726	898	2	358	358	NUM
cblr-1726	898	3	(	(	PUNCT
cblr-1726	898	4	1913	1913	NUM
cblr-1726	898	5	)	)	PUNCT
cblr-1726	898	6	.	.	PUNCT
cblr-1726	899	1	219	219	NUM
cblr-1726	899	2	see	see	VERB
cblr-1726	899	3	federal	federal	PROPN
cblr-1726	899	4	reserve	reserve	PROPN
cblr-1726	899	5	act	act	PROPN
cblr-1726	899	6	,	,	PUNCT
cblr-1726	899	7	12	12	NUM
cblr-1726	899	8	u.s.c	u.s.c	ADJ
cblr-1726	899	9	.	.	PUNCT
cblr-1726	900	1	§	§	PROPN
cblr-1726	900	2	2a	2a	NUM
cblr-1726	900	3	(	(	PUNCT
cblr-1726	900	4	1913	1913	NUM
cblr-1726	900	5	)	)	PUNCT
cblr-1726	900	6	.	.	PUNCT
cblr-1726	901	1	220	220	NUM
cblr-1726	901	2	see	see	VERB
cblr-1726	901	3	e.g.	e.g.	ADV
cblr-1726	901	4	,	,	PUNCT
cblr-1726	901	5	tom	tom	PROPN
cblr-1726	901	6	baxter	baxter	PROPN
cblr-1726	901	7	,	,	PUNCT
cblr-1726	901	8	exec	exec	NOUN
cblr-1726	901	9	.	.	PUNCT
cblr-1726	902	1	vice	vice	PROPN
cblr-1726	902	2	president	president	NOUN
cblr-1726	902	3	and	and	CCONJ
cblr-1726	902	4	gen	gen	PROPN
cblr-1726	902	5	.	.	PROPN
cblr-1726	902	6	counsel	counsel	PROPN
cblr-1726	902	7	of	of	ADP
cblr-1726	902	8	the	the	DET
cblr-1726	902	9	fed	fed	PROPN
cblr-1726	902	10	.	.	PUNCT
cblr-1726	903	1	res	res	PROPN
cblr-1726	903	2	.	.	PUNCT
cblr-1726	903	3	bank	bank	PROPN
cblr-1726	903	4	of	of	ADP
cblr-1726	903	5	n.y	n.y	PROPN
cblr-1726	903	6	.	.	PROPN
cblr-1726	903	7	,	,	PUNCT
cblr-1726	903	8	remarks	remark	VERB
cblr-1726	903	9	at	at	ADP
cblr-1726	903	10	the	the	DET
cblr-1726	903	11	future	future	NOUN
cblr-1726	903	12	of	of	ADP
cblr-1726	903	13	banking	banking	NOUN
cblr-1726	903	14	regulation	regulation	NOUN
cblr-1726	903	15	and	and	CCONJ
cblr-1726	903	16	supervision	supervision	NOUN
cblr-1726	903	17	in	in	ADP
cblr-1726	903	18	the	the	DET
cblr-1726	903	19	eu	eu	PROPN
cblr-1726	903	20	conference	conference	PROPN
cblr-1726	903	21	,	,	PUNCT
cblr-1726	903	22	frankfurt	frankfurt	PROPN
cblr-1726	903	23	,	,	PUNCT
cblr-1726	903	24	germany	germany	PROPN
cblr-1726	903	25	:	:	PUNCT
cblr-1726	903	26	financial	financial	ADJ
cblr-1726	903	27	stability	stability	NOUN
cblr-1726	903	28	:	:	PUNCT
cblr-1726	903	29	the	the	DET
cblr-1726	903	30	role	role	NOUN
cblr-1726	903	31	of	of	ADP
cblr-1726	903	32	the	the	DET
cblr-1726	903	33	federal	federal	PROPN
cblr-1726	903	34	reserve	reserve	PROPN
cblr-1726	903	35	system	system	NOUN
cblr-1726	903	36	(	(	PUNCT
cblr-1726	903	37	nov	nov	PROPN
cblr-1726	903	38	.	.	PROPN
cblr-1726	903	39	15	15	NUM
cblr-1726	903	40	,	,	PUNCT
cblr-1726	903	41	2013	2013	NUM
cblr-1726	903	42	)	)	PUNCT
cblr-1726	903	43	,	,	PUNCT
cblr-1726	903	44	https://www.newyorkfed.org/newsevents/speeches/2013/bax131120	https://www.newyorkfed.org/newsevents/speeches/2013/bax131120	PROPN
cblr-1726	904	1	[	[	X
cblr-1726	904	2	perma.cc/j6tu-al4x	perma.cc/j6tu-al4x	NOUN
cblr-1726	904	3	]	]	PUNCT
cblr-1726	904	4	.	.	PUNCT
cblr-1726	905	1	awrey	awrey	PROPN
cblr-1726	905	2	–	–	PUNCT
cblr-1726	905	3	final	final	ADJ
cblr-1726	905	4	no	no	NOUN
cblr-1726	905	5	.	.	PUNCT
cblr-1726	906	1	3:934	3:934	X
cblr-1726	906	2	]	]	X
cblr-1726	906	3	foreign	foreign	ADJ
cblr-1726	906	4	currency	currency	NOUN
cblr-1726	906	5	liquidity	liquidity	NOUN
cblr-1726	906	6	assistance	assistance	NOUN
cblr-1726	906	7	1001	1001	NUM
cblr-1726	906	8	swap	swap	NOUN
cblr-1726	906	9	transactions	transaction	NOUN
cblr-1726	906	10	under	under	ADP
cblr-1726	906	11	these	these	DET
cblr-1726	906	12	facilities	facility	NOUN
cblr-1726	906	13	will	will	AUX
cblr-1726	906	14	generally	generally	ADV
cblr-1726	906	15	be	be	AUX
cblr-1726	906	16	approved	approve	VERB
cblr-1726	906	17	only	only	ADV
cblr-1726	906	18	where	where	SCONJ
cblr-1726	906	19	they	they	PRON
cblr-1726	906	20	are	be	AUX
cblr-1726	906	21	“	"	PUNCT
cblr-1726	906	22	directed	direct	VERB
cblr-1726	906	23	at	at	ADP
cblr-1726	906	24	countering	counter	VERB
cblr-1726	906	25	disorderly	disorderly	ADJ
cblr-1726	906	26	market	market	NOUN
cblr-1726	906	27	conditions	condition	NOUN
cblr-1726	906	28	.	.	PUNCT
cblr-1726	907	1	”221	”221	NOUN
cblr-1726	907	2	the	the	DET
cblr-1726	907	3	fed	fed	PROPN
cblr-1726	907	4	has	have	AUX
cblr-1726	907	5	also	also	ADV
cblr-1726	907	6	produced	produce	VERB
cblr-1726	907	7	a	a	DET
cblr-1726	907	8	video	video	NOUN
cblr-1726	907	9	,	,	PUNCT
cblr-1726	907	10	bluntly	bluntly	ADV
cblr-1726	907	11	titled	title	VERB
cblr-1726	907	12	“	"	PUNCT
cblr-1726	907	13	why	why	SCONJ
cblr-1726	907	14	swap	swap	NOUN
cblr-1726	907	15	lines	line	NOUN
cblr-1726	907	16	are	be	AUX
cblr-1726	907	17	in	in	ADP
cblr-1726	907	18	the	the	DET
cblr-1726	907	19	u.s	u.s	PROPN
cblr-1726	907	20	.	.	PROPN
cblr-1726	907	21	national	national	ADJ
cblr-1726	907	22	interest	interest	NOUN
cblr-1726	907	23	,	,	PUNCT
cblr-1726	907	24	”	"	PUNCT
cblr-1726	907	25	explaining	explain	VERB
cblr-1726	907	26	how	how	SCONJ
cblr-1726	907	27	the	the	DET
cblr-1726	907	28	facilities	facility	NOUN
cblr-1726	907	29	support	support	VERB
cblr-1726	907	30	investment	investment	NOUN
cblr-1726	907	31	,	,	PUNCT
cblr-1726	907	32	employment	employment	NOUN
cblr-1726	907	33	,	,	PUNCT
cblr-1726	907	34	and	and	CCONJ
cblr-1726	907	35	economic	economic	ADJ
cblr-1726	907	36	growth	growth	NOUN
cblr-1726	907	37	in	in	ADP
cblr-1726	907	38	the	the	DET
cblr-1726	907	39	united	united	PROPN
cblr-1726	907	40	states.222	states.222	NOUN
cblr-1726	907	41	in	in	ADP
cblr-1726	907	42	light	light	NOUN
cblr-1726	907	43	of	of	ADP
cblr-1726	907	44	these	these	PRON
cblr-1726	907	45	and	and	CCONJ
cblr-1726	907	46	other	other	ADJ
cblr-1726	907	47	similar	similar	ADJ
cblr-1726	907	48	statements	statement	NOUN
cblr-1726	907	49	,	,	PUNCT
cblr-1726	907	50	it	it	PRON
cblr-1726	907	51	seems	seem	VERB
cblr-1726	907	52	likely	likely	ADJ
cblr-1726	907	53	that	that	SCONJ
cblr-1726	907	54	swap	swap	NOUN
cblr-1726	907	55	transactions	transaction	NOUN
cblr-1726	907	56	will	will	AUX
cblr-1726	907	57	only	only	ADV
cblr-1726	907	58	be	be	AUX
cblr-1726	907	59	approved	approve	VERB
cblr-1726	907	60	where	where	SCONJ
cblr-1726	907	61	there	there	PRON
cblr-1726	907	62	is	be	VERB
cblr-1726	907	63	a	a	DET
cblr-1726	907	64	clear	clear	ADJ
cblr-1726	907	65	and	and	CCONJ
cblr-1726	907	66	present	present	ADJ
cblr-1726	907	67	danger	danger	NOUN
cblr-1726	907	68	to	to	ADP
cblr-1726	907	69	the	the	DET
cblr-1726	907	70	financial	financial	ADJ
cblr-1726	907	71	stability	stability	NOUN
cblr-1726	907	72	of	of	ADP
cblr-1726	907	73	the	the	DET
cblr-1726	907	74	jurisdiction	jurisdiction	NOUN
cblr-1726	907	75	that	that	PRON
cblr-1726	907	76	has	have	AUX
cblr-1726	907	77	received	receive	VERB
cblr-1726	907	78	a	a	DET
cblr-1726	907	79	request	request	NOUN
cblr-1726	907	80	for	for	ADP
cblr-1726	907	81	fcla.223	fcla.223	PROPN
cblr-1726	907	82	where	where	SCONJ
cblr-1726	907	83	there	there	PRON
cblr-1726	907	84	exists	exist	VERB
cblr-1726	907	85	no	no	DET
cblr-1726	907	86	such	such	ADJ
cblr-1726	907	87	threat	threat	NOUN
cblr-1726	907	88	,	,	PUNCT
cblr-1726	907	89	or	or	CCONJ
cblr-1726	907	90	where	where	SCONJ
cblr-1726	907	91	providing	provide	VERB
cblr-1726	907	92	liquidity	liquidity	NOUN
cblr-1726	907	93	assistance	assistance	NOUN
cblr-1726	907	94	to	to	ADP
cblr-1726	907	95	foreign	foreign	ADJ
cblr-1726	907	96	financial	financial	ADJ
cblr-1726	907	97	institutions	institution	NOUN
cblr-1726	907	98	might	might	AUX
cblr-1726	907	99	prove	prove	VERB
cblr-1726	907	100	politically	politically	ADV
cblr-1726	907	101	costly	costly	ADJ
cblr-1726	907	102	,	,	PUNCT
cblr-1726	907	103	the	the	DET
cblr-1726	907	104	structure	structure	NOUN
cblr-1726	907	105	of	of	ADP
cblr-1726	907	106	these	these	DET
cblr-1726	907	107	agreements	agreement	NOUN
cblr-1726	907	108	—	—	PUNCT
cblr-1726	907	109	to	to	PART
cblr-1726	907	110	say	say	VERB
cblr-1726	907	111	nothing	nothing	PRON
cblr-1726	907	112	of	of	ADP
cblr-1726	907	113	the	the	DET
cblr-1726	907	114	absence	absence	NOUN
cblr-1726	907	115	of	of	ADP
cblr-1726	907	116	a	a	DET
cblr-1726	907	117	generally	generally	ADV
cblr-1726	907	118	agreed	agree	VERB
cblr-1726	907	119	upon	upon	SCONJ
cblr-1726	907	120	definition	definition	NOUN
cblr-1726	907	121	of	of	ADP
cblr-1726	907	122	‘	'	PUNCT
cblr-1726	907	123	financial	financial	ADJ
cblr-1726	907	124	stability’—gives	stability’—give	NOUN
cblr-1726	907	125	participating	participate	VERB
cblr-1726	907	126	central	central	ADJ
cblr-1726	907	127	banks	bank	NOUN
cblr-1726	907	128	significant	significant	ADJ
cblr-1726	907	129	discretion	discretion	NOUN
cblr-1726	907	130	to	to	PART
cblr-1726	907	131	decline	decline	VERB
cblr-1726	907	132	a	a	DET
cblr-1726	907	133	request	request	NOUN
cblr-1726	907	134	for	for	ADP
cblr-1726	907	135	fcla	fcla	NOUN
cblr-1726	907	136	.	.	PUNCT
cblr-1726	908	1	the	the	DET
cblr-1726	908	2	second	second	ADJ
cblr-1726	908	3	important	important	ADJ
cblr-1726	908	4	feature	feature	NOUN
cblr-1726	908	5	of	of	ADP
cblr-1726	908	6	these	these	DET
cblr-1726	908	7	swap	swap	NOUN
cblr-1726	908	8	agreements	agreement	NOUN
cblr-1726	908	9	is	be	AUX
cblr-1726	908	10	the	the	DET
cblr-1726	908	11	complete	complete	ADJ
cblr-1726	908	12	absence	absence	NOUN
cblr-1726	908	13	of	of	ADP
cblr-1726	908	14	both	both	DET
cblr-1726	908	15	ex	ex	NOUN
cblr-1726	908	16	ante	ante	NOUN
cblr-1726	908	17	qualifications	qualification	NOUN
cblr-1726	908	18	for	for	ADP
cblr-1726	908	19	participating	participate	VERB
cblr-1726	908	20	jurisdictions	jurisdiction	NOUN
cblr-1726	908	21	and	and	CCONJ
cblr-1726	908	22	ex	ex	PRON
cblr-1726	908	23	post	post	NOUN
cblr-1726	908	24	constraints	constraint	NOUN
cblr-1726	908	25	on	on	ADP
cblr-1726	908	26	the	the	DET
cblr-1726	908	27	extension	extension	NOUN
cblr-1726	908	28	of	of	ADP
cblr-1726	908	29	fcla	fcla	NOUN
cblr-1726	908	30	to	to	ADP
cblr-1726	908	31	eligible	eligible	ADJ
cblr-1726	908	32	financial	financial	ADJ
cblr-1726	908	33	institutions	institution	NOUN
cblr-1726	908	34	.	.	PUNCT
cblr-1726	909	1	the	the	DET
cblr-1726	909	2	federal	federal	PROPN
cblr-1726	909	3	reserve	reserve	PROPN
cblr-1726	909	4	has	have	AUX
cblr-1726	909	5	ostensibly	ostensibly	ADV
cblr-1726	909	6	selected	select	VERB
cblr-1726	909	7	participating	participate	VERB
cblr-1726	909	8	jurisdictions	jurisdiction	NOUN
cblr-1726	909	9	on	on	ADP
cblr-1726	909	10	the	the	DET
cblr-1726	909	11	basis	basis	NOUN
cblr-1726	909	12	of	of	ADP
cblr-1726	909	13	its	its	PRON
cblr-1726	909	14	own	own	ADJ
cblr-1726	909	15	evaluation	evaluation	NOUN
cblr-1726	909	16	of	of	ADP
cblr-1726	909	17	the	the	DET
cblr-1726	909	18	potential	potential	ADJ
cblr-1726	909	19	threat	threat	NOUN
cblr-1726	909	20	that	that	SCONJ
cblr-1726	909	21	these	these	DET
cblr-1726	909	22	jurisdictions	jurisdiction	NOUN
cblr-1726	909	23	pose	pose	VERB
cblr-1726	909	24	to	to	ADP
cblr-1726	909	25	the	the	DET
cblr-1726	909	26	financial	financial	ADJ
cblr-1726	909	27	stability	stability	NOUN
cblr-1726	909	28	of	of	ADP
cblr-1726	909	29	the	the	DET
cblr-1726	909	30	united	united	PROPN
cblr-1726	909	31	states.224	states.224	PROPN
cblr-1726	909	32	221	221	NUM
cblr-1726	909	33	minutes	minute	NOUN
cblr-1726	909	34	of	of	ADP
cblr-1726	909	35	the	the	DET
cblr-1726	909	36	federal	federal	ADJ
cblr-1726	909	37	open	open	ADJ
cblr-1726	909	38	market	market	NOUN
cblr-1726	909	39	committee	committee	NOUN
cblr-1726	909	40	meeting	meeting	NOUN
cblr-1726	909	41	,	,	PUNCT
cblr-1726	909	42	fed	fed	PROPN
cblr-1726	909	43	.	.	PUNCT
cblr-1726	910	1	res	res	PROPN
cblr-1726	910	2	.	.	PUNCT
cblr-1726	911	1	bank	bank	PROPN
cblr-1726	911	2	n.y	n.y	PROPN
cblr-1726	911	3	.	.	PROPN
cblr-1726	911	4	6	6	NUM
cblr-1726	911	5	(	(	PUNCT
cblr-1726	911	6	jan	jan	PROPN
cblr-1726	911	7	.	.	PROPN
cblr-1726	911	8	28–29	28–29	NUM
cblr-1726	911	9	,	,	PUNCT
cblr-1726	911	10	2014	2014	NUM
cblr-1726	911	11	)	)	PUNCT
cblr-1726	911	12	,	,	PUNCT
cblr-1726	911	13	https://www.federalreserve.gov/monetarypolicy/fomcminutes20140129.htm	https://www.federalreserve.gov/monetarypolicy/fomcminutes20140129.htm	X
cblr-1726	912	1	[	[	X
cblr-1726	912	2	perma.cc/cj9j-6lxd	perma.cc/cj9j-6lxd	NOUN
cblr-1726	912	3	]	]	X
cblr-1726	912	4	.	.	PUNCT
cblr-1726	913	1	222	222	NUM
cblr-1726	913	2	see	see	VERB
cblr-1726	913	3	protecting	protect	VERB
cblr-1726	913	4	the	the	DET
cblr-1726	913	5	u.s	u.s	PROPN
cblr-1726	913	6	.	.	PROPN
cblr-1726	913	7	economy	economy	NOUN
cblr-1726	913	8	from	from	ADP
cblr-1726	913	9	strains	strain	NOUN
cblr-1726	913	10	abroad	abroad	ADV
cblr-1726	913	11	—	—	PUNCT
cblr-1726	913	12	why	why	SCONJ
cblr-1726	913	13	swap	swap	NOUN
cblr-1726	913	14	lines	line	NOUN
cblr-1726	913	15	are	be	AUX
cblr-1726	913	16	in	in	ADP
cblr-1726	913	17	the	the	DET
cblr-1726	913	18	u.s	u.s	PROPN
cblr-1726	913	19	.	.	PROPN
cblr-1726	913	20	national	national	ADJ
cblr-1726	913	21	interest	interest	NOUN
cblr-1726	913	22	,	,	PUNCT
cblr-1726	913	23	fed	fed	PROPN
cblr-1726	913	24	.	.	PUNCT
cblr-1726	914	1	res	res	PROPN
cblr-1726	914	2	.	.	PUNCT
cblr-1726	915	1	bank	bank	PROPN
cblr-1726	915	2	n.y	n.y	PROPN
cblr-1726	915	3	.	.	PROPN
cblr-1726	915	4	https://www.newyorkfed.org/education/liqswap.html	https://www.newyorkfed.org/education/liqswap.html	PROPN
cblr-1726	916	1	[	[	X
cblr-1726	917	1	perma.cc/wn9kpxb8	perma.cc/wn9kpxb8	X
cblr-1726	917	2	]	]	X
cblr-1726	917	3	.	.	PUNCT
cblr-1726	918	1	223	223	NUM
cblr-1726	918	2	see	see	VERB
cblr-1726	918	3	denbee	denbee	NOUN
cblr-1726	918	4	et	et	PROPN
cblr-1726	918	5	al	al	PROPN
cblr-1726	918	6	.	.	PROPN
cblr-1726	918	7	,	,	PUNCT
cblr-1726	918	8	supra	supra	PROPN
cblr-1726	918	9	note	note	PROPN
cblr-1726	918	10	51	51	NUM
cblr-1726	918	11	,	,	PUNCT
cblr-1726	918	12	at	at	ADP
cblr-1726	918	13	11	11	NUM
cblr-1726	918	14	(	(	PUNCT
cblr-1726	918	15	observing	observe	VERB
cblr-1726	918	16	,	,	PUNCT
cblr-1726	918	17	“	"	PUNCT
cblr-1726	918	18	the	the	DET
cblr-1726	918	19	scope	scope	NOUN
cblr-1726	918	20	of	of	ADP
cblr-1726	918	21	swap	swap	NOUN
cblr-1726	918	22	line	line	NOUN
cblr-1726	918	23	liquidity	liquidity	NOUN
cblr-1726	918	24	provision	provision	NOUN
cblr-1726	918	25	is	be	AUX
cblr-1726	918	26	very	very	ADV
cblr-1726	918	27	narrow	narrow	ADJ
cblr-1726	918	28	,	,	PUNCT
cblr-1726	918	29	and	and	CCONJ
cblr-1726	918	30	typically	typically	ADV
cblr-1726	918	31	limited	limit	VERB
cblr-1726	918	32	to	to	ADP
cblr-1726	918	33	facilitating	facilitate	VERB
cblr-1726	918	34	market	market	NOUN
cblr-1726	918	35	-	-	PUNCT
cblr-1726	918	36	wide	wide	ADJ
cblr-1726	918	37	liquidity	liquidity	NOUN
cblr-1726	918	38	provision	provision	NOUN
cblr-1726	918	39	to	to	ADP
cblr-1726	918	40	cross	cross	ADJ
cblr-1726	918	41	-	-	ADJ
cblr-1726	918	42	border	border	ADJ
cblr-1726	918	43	banks	bank	NOUN
cblr-1726	918	44	for	for	ADP
cblr-1726	918	45	the	the	DET
cblr-1726	918	46	purposes	purpose	NOUN
cblr-1726	918	47	of	of	ADP
cblr-1726	918	48	domestic	domestic	ADJ
cblr-1726	918	49	financial	financial	ADJ
cblr-1726	918	50	stability	stability	NOUN
cblr-1726	918	51	”	"	PUNCT
cblr-1726	918	52	)	)	PUNCT
cblr-1726	918	53	.	.	PUNCT
cblr-1726	919	1	224	224	NUM
cblr-1726	919	2	see	see	VERB
cblr-1726	919	3	e.g.	e.g.	ADV
cblr-1726	919	4	,	,	PUNCT
cblr-1726	919	5	meeting	meeting	NOUN
cblr-1726	919	6	of	of	ADP
cblr-1726	919	7	the	the	DET
cblr-1726	919	8	federal	federal	ADJ
cblr-1726	919	9	open	open	ADJ
cblr-1726	919	10	market	market	NOUN
cblr-1726	919	11	committee	committee	NOUN
cblr-1726	919	12	on	on	ADP
cblr-1726	919	13	october	october	PROPN
cblr-1726	919	14	28–29	28–29	NUM
cblr-1726	919	15	,	,	PUNCT
cblr-1726	919	16	2008	2008	NUM
cblr-1726	919	17	,	,	PUNCT
cblr-1726	919	18	fed	fed	PROPN
cblr-1726	919	19	.	.	PUNCT
cblr-1726	920	1	res	res	PROPN
cblr-1726	920	2	.	.	PUNCT
cblr-1726	921	1	bank	bank	PROPN
cblr-1726	921	2	n.y	n.y	PROPN
cblr-1726	921	3	.	.	PROPN
cblr-1726	921	4	10–11	10–11	PROPN
cblr-1726	921	5	,	,	PUNCT
cblr-1726	921	6	32–35	32–35	NUM
cblr-1726	921	7	(	(	PUNCT
cblr-1726	921	8	oct	oct	PROPN
cblr-1726	921	9	,	,	PUNCT
cblr-1726	921	10	28–29	28–29	NUM
cblr-1726	921	11	2008	2008	NUM
cblr-1726	921	12	)	)	PUNCT
cblr-1726	921	13	,	,	PUNCT
cblr-1726	922	1	https://www.federalreserve.gov/monetarypolicy/files/fomc20081029meeting.pdf	https://www.federalreserve.gov/monetarypolicy/files/fomc20081029meeting.pdf	PROPN
cblr-1726	922	2	[	[	X
cblr-1726	922	3	perma.cc/4nzv-h736	perma.cc/4nzv-h736	PROPN
cblr-1726	922	4	]	]	PUNCT
cblr-1726	922	5	(	(	PUNCT
cblr-1726	922	6	emphasizing	emphasize	VERB
cblr-1726	922	7	the	the	DET
cblr-1726	922	8	size	size	NOUN
cblr-1726	922	9	of	of	ADP
cblr-1726	922	10	a	a	DET
cblr-1726	922	11	country	country	NOUN
cblr-1726	922	12	’s	’s	PART
cblr-1726	922	13	economy	economy	NOUN
cblr-1726	922	14	,	,	PUNCT
cblr-1726	922	15	its	its	PRON
cblr-1726	922	16	structural	structural	ADJ
cblr-1726	922	17	interconnectedness	interconnectedness	NOUN
cblr-1726	922	18	with	with	ADP
cblr-1726	922	19	the	the	DET
cblr-1726	922	20	global	global	ADJ
cblr-1726	922	21	financial	financial	ADJ
cblr-1726	922	22	system	system	NOUN
cblr-1726	922	23	,	,	PUNCT
cblr-1726	922	24	and	and	CCONJ
cblr-1726	922	25	whether	whether	SCONJ
cblr-1726	922	26	it	it	PRON
cblr-1726	922	27	is	be	AUX
cblr-1726	922	28	a	a	DET
cblr-1726	922	29	major	major	ADJ
cblr-1726	922	30	financial	financial	ADJ
cblr-1726	922	31	center	center	NOUN
cblr-1726	922	32	as	as	ADP
cblr-1726	922	33	important	important	ADJ
cblr-1726	922	34	factors	factor	NOUN
cblr-1726	922	35	in	in	ADP
cblr-1726	922	36	determining	determine	VERB
cblr-1726	922	37	awrey	awrey	NOUN
cblr-1726	922	38	–	–	PUNCT
cblr-1726	922	39	final	final	ADJ
cblr-1726	922	40	1002	1002	NUM
cblr-1726	922	41	columbia	columbia	PROPN
cblr-1726	922	42	business	business	NOUN
cblr-1726	922	43	law	law	PROPN
cblr-1726	922	44	review	review	NOUN
cblr-1726	923	1	[	[	X
cblr-1726	923	2	vol	vol	NOUN
cblr-1726	923	3	.	.	NOUN
cblr-1726	923	4	2017	2017	NUM
cblr-1726	923	5	while	while	SCONJ
cblr-1726	923	6	this	this	DET
cblr-1726	923	7	approach	approach	NOUN
cblr-1726	923	8	is	be	AUX
cblr-1726	923	9	broadly	broadly	ADV
cblr-1726	923	10	understandable	understandable	ADJ
cblr-1726	923	11	,	,	PUNCT
cblr-1726	923	12	the	the	DET
cblr-1726	923	13	absence	absence	NOUN
cblr-1726	923	14	of	of	ADP
cblr-1726	923	15	more	more	ADV
cblr-1726	923	16	formal	formal	ADJ
cblr-1726	923	17	and	and	CCONJ
cblr-1726	923	18	objective	objective	ADJ
cblr-1726	923	19	ex	ex	X
cblr-1726	923	20	ante	ante	NOUN
cblr-1726	923	21	qualifications	qualification	NOUN
cblr-1726	923	22	has	have	AUX
cblr-1726	923	23	also	also	ADV
cblr-1726	923	24	resulted	result	VERB
cblr-1726	923	25	in	in	ADP
cblr-1726	923	26	at	at	ADV
cblr-1726	923	27	least	least	ADV
cblr-1726	923	28	one	one	NUM
cblr-1726	923	29	questionable	questionable	ADJ
cblr-1726	923	30	inclusion	inclusion	NOUN
cblr-1726	923	31	(	(	PUNCT
cblr-1726	923	32	canada	canada	PROPN
cblr-1726	923	33	)	)	PUNCT
cblr-1726	923	34	and	and	CCONJ
cblr-1726	923	35	one	one	NUM
cblr-1726	923	36	glaring	glare	VERB
cblr-1726	923	37	omission	omission	NOUN
cblr-1726	923	38	(	(	PUNCT
cblr-1726	923	39	china	china	PROPN
cblr-1726	923	40	)	)	PUNCT
cblr-1726	923	41	.	.	PUNCT
cblr-1726	924	1	for	for	ADP
cblr-1726	924	2	participating	participate	VERB
cblr-1726	924	3	jurisdictions	jurisdiction	NOUN
cblr-1726	924	4	,	,	PUNCT
cblr-1726	924	5	meanwhile	meanwhile	ADV
cblr-1726	924	6	,	,	PUNCT
cblr-1726	924	7	the	the	DET
cblr-1726	924	8	swap	swap	NOUN
cblr-1726	924	9	agreements	agreement	NOUN
cblr-1726	924	10	do	do	AUX
cblr-1726	924	11	not	not	PART
cblr-1726	924	12	impose	impose	VERB
cblr-1726	924	13	any	any	DET
cblr-1726	924	14	limits	limit	NOUN
cblr-1726	924	15	around	around	ADP
cblr-1726	924	16	the	the	DET
cblr-1726	924	17	types	type	NOUN
cblr-1726	924	18	of	of	ADP
cblr-1726	924	19	financial	financial	ADJ
cblr-1726	924	20	institutions	institution	NOUN
cblr-1726	924	21	to	to	PART
cblr-1726	924	22	which	which	PRON
cblr-1726	924	23	recipient	recipient	NOUN
cblr-1726	924	24	central	central	ADJ
cblr-1726	924	25	banks	bank	NOUN
cblr-1726	924	26	can	can	AUX
cblr-1726	924	27	supply	supply	VERB
cblr-1726	924	28	foreign	foreign	ADJ
cblr-1726	924	29	currency	currency	NOUN
cblr-1726	924	30	funding	funding	NOUN
cblr-1726	924	31	.	.	PUNCT
cblr-1726	925	1	nor	nor	CCONJ
cblr-1726	925	2	do	do	AUX
cblr-1726	925	3	these	these	DET
cblr-1726	925	4	agreements	agreement	NOUN
cblr-1726	925	5	in	in	ADP
cblr-1726	925	6	any	any	DET
cblr-1726	925	7	way	way	NOUN
cblr-1726	925	8	dictate	dictate	VERB
cblr-1726	925	9	the	the	DET
cblr-1726	925	10	terms	term	NOUN
cblr-1726	925	11	upon	upon	SCONJ
cblr-1726	925	12	which	which	PRON
cblr-1726	925	13	this	this	DET
cblr-1726	925	14	funding	funding	NOUN
cblr-1726	925	15	will	will	AUX
cblr-1726	925	16	be	be	AUX
cblr-1726	925	17	made	make	VERB
cblr-1726	925	18	available	available	ADJ
cblr-1726	925	19	to	to	ADP
cblr-1726	925	20	these	these	DET
cblr-1726	925	21	institutions	institution	NOUN
cblr-1726	925	22	.	.	PUNCT
cblr-1726	926	1	perhaps	perhaps	ADV
cblr-1726	926	2	most	most	ADV
cblr-1726	926	3	importantly	importantly	ADV
cblr-1726	926	4	,	,	PUNCT
cblr-1726	926	5	the	the	DET
cblr-1726	926	6	agreements	agreement	NOUN
cblr-1726	926	7	do	do	AUX
cblr-1726	926	8	not	not	PART
cblr-1726	926	9	prescribe	prescribe	VERB
cblr-1726	926	10	that	that	DET
cblr-1726	926	11	fcla	fcla	NOUN
cblr-1726	926	12	be	be	AUX
cblr-1726	926	13	provided	provide	VERB
cblr-1726	926	14	against	against	ADP
cblr-1726	926	15	good	good	ADJ
cblr-1726	926	16	quality	quality	NOUN
cblr-1726	926	17	collateral	collateral	NOUN
cblr-1726	926	18	,	,	PUNCT
cblr-1726	926	19	at	at	ADP
cblr-1726	926	20	a	a	DET
cblr-1726	926	21	penalty	penalty	NOUN
cblr-1726	926	22	rate	rate	NOUN
cblr-1726	926	23	of	of	ADP
cblr-1726	926	24	interest	interest	NOUN
cblr-1726	926	25	,	,	PUNCT
cblr-1726	926	26	and	and	CCONJ
cblr-1726	926	27	only	only	ADV
cblr-1726	926	28	to	to	AUX
cblr-1726	926	29	fundamentally	fundamentally	ADV
cblr-1726	926	30	solvent	solvent	ADJ
cblr-1726	926	31	but	but	CCONJ
cblr-1726	926	32	temporarily	temporarily	ADV
cblr-1726	926	33	illiquid	illiquid	ADJ
cblr-1726	926	34	banks	bank	NOUN
cblr-1726	926	35	and	and	CCONJ
cblr-1726	926	36	other	other	ADJ
cblr-1726	926	37	financial	financial	ADJ
cblr-1726	926	38	institutions	institution	NOUN
cblr-1726	926	39	.	.	PUNCT
cblr-1726	927	1	central	central	ADJ
cblr-1726	927	2	banks	bank	NOUN
cblr-1726	927	3	in	in	ADP
cblr-1726	927	4	receipt	receipt	NOUN
cblr-1726	927	5	of	of	ADP
cblr-1726	927	6	fcla	fcla	NOUN
cblr-1726	927	7	are	be	AUX
cblr-1726	927	8	also	also	ADV
cblr-1726	927	9	under	under	ADP
cblr-1726	927	10	no	no	DET
cblr-1726	927	11	obligation	obligation	NOUN
cblr-1726	927	12	to	to	PART
cblr-1726	927	13	ensure	ensure	VERB
cblr-1726	927	14	that	that	SCONJ
cblr-1726	927	15	the	the	DET
cblr-1726	927	16	prudential	prudential	ADJ
cblr-1726	927	17	regulatory	regulatory	ADJ
cblr-1726	927	18	requirements	requirement	NOUN
cblr-1726	927	19	imposed	impose	VERB
cblr-1726	927	20	on	on	ADP
cblr-1726	927	21	eligible	eligible	ADJ
cblr-1726	927	22	financial	financial	ADJ
cblr-1726	927	23	institutions	institution	NOUN
cblr-1726	927	24	are	be	AUX
cblr-1726	927	25	functionally	functionally	ADV
cblr-1726	927	26	equivalent	equivalent	ADJ
cblr-1726	927	27	to	to	ADP
cblr-1726	927	28	those	those	PRON
cblr-1726	927	29	imposed	impose	VERB
cblr-1726	927	30	on	on	ADP
cblr-1726	927	31	financial	financial	ADJ
cblr-1726	927	32	institutions	institution	NOUN
cblr-1726	927	33	in	in	ADP
cblr-1726	927	34	the	the	DET
cblr-1726	927	35	jurisdiction	jurisdiction	NOUN
cblr-1726	927	36	that	that	PRON
cblr-1726	927	37	provides	provide	VERB
cblr-1726	927	38	this	this	DET
cblr-1726	927	39	assistance	assistance	NOUN
cblr-1726	927	40	.	.	PUNCT
cblr-1726	928	1	while	while	SCONJ
cblr-1726	928	2	some	some	DET
cblr-1726	928	3	observers	observer	NOUN
cblr-1726	928	4	have	have	AUX
cblr-1726	928	5	argued	argue	VERB
cblr-1726	928	6	that	that	SCONJ
cblr-1726	928	7	the	the	DET
cblr-1726	928	8	bcbs	bcbs	PROPN
cblr-1726	928	9	capital	capital	NOUN
cblr-1726	928	10	and	and	CCONJ
cblr-1726	928	11	liquidity	liquidity	NOUN
cblr-1726	928	12	standards	standard	NOUN
cblr-1726	928	13	ensure	ensure	VERB
cblr-1726	928	14	a	a	DET
cblr-1726	928	15	sufficient	sufficient	ADJ
cblr-1726	928	16	degree	degree	NOUN
cblr-1726	928	17	of	of	ADP
cblr-1726	928	18	regulatory	regulatory	ADJ
cblr-1726	928	19	and	and	CCONJ
cblr-1726	928	20	supervisory	supervisory	ADJ
cblr-1726	928	21	harmonization	harmonization	NOUN
cblr-1726	928	22	,	,	PUNCT
cblr-1726	928	23	the	the	DET
cblr-1726	928	24	implementation	implementation	NOUN
cblr-1726	928	25	of	of	ADP
cblr-1726	928	26	these	these	DET
cblr-1726	928	27	standards	standard	NOUN
cblr-1726	928	28	varies	vary	VERB
cblr-1726	928	29	from	from	ADP
cblr-1726	928	30	country	country	NOUN
cblr-1726	928	31	to	to	ADP
cblr-1726	928	32	country	country	NOUN
cblr-1726	928	33	.	.	PUNCT
cblr-1726	929	1	there	there	PRON
cblr-1726	929	2	are	be	VERB
cblr-1726	929	3	also	also	ADV
cblr-1726	929	4	signs	sign	NOUN
cblr-1726	929	5	that	that	SCONJ
cblr-1726	929	6	the	the	DET
cblr-1726	929	7	basel	basel	PROPN
cblr-1726	929	8	consensus	consensus	NOUN
cblr-1726	929	9	is	be	AUX
cblr-1726	929	10	beginning	begin	VERB
cblr-1726	929	11	to	to	PART
cblr-1726	929	12	fray	fray	VERB
cblr-1726	929	13	around	around	ADP
cblr-1726	929	14	the	the	DET
cblr-1726	929	15	edges	edge	NOUN
cblr-1726	929	16	,	,	PUNCT
cblr-1726	929	17	with	with	SCONJ
cblr-1726	929	18	the	the	DET
cblr-1726	929	19	european	european	PROPN
cblr-1726	929	20	union	union	PROPN
cblr-1726	929	21	having	having	AUX
cblr-1726	929	22	recently	recently	ADV
cblr-1726	929	23	been	be	AUX
cblr-1726	929	24	determined	determine	VERB
cblr-1726	929	25	by	by	ADP
cblr-1726	929	26	the	the	DET
cblr-1726	929	27	bis	bis	NOUN
cblr-1726	929	28	to	to	PART
cblr-1726	929	29	be	be	AUX
cblr-1726	929	30	in	in	ADP
cblr-1726	929	31	material	material	ADJ
cblr-1726	929	32	non	non	NOUN
cblr-1726	929	33	-	-	NOUN
cblr-1726	929	34	compliance	compliance	NOUN
cblr-1726	929	35	with	with	ADP
cblr-1726	929	36	basel	basel	PROPN
cblr-1726	929	37	standards.225	standards.225	VERB
cblr-1726	929	38	the	the	DET
cblr-1726	929	39	absence	absence	NOUN
cblr-1726	929	40	of	of	ADP
cblr-1726	929	41	ex	ex	ADJ
cblr-1726	929	42	ante	ante	NOUN
cblr-1726	929	43	qualifications	qualification	NOUN
cblr-1726	929	44	and	and	CCONJ
cblr-1726	929	45	ex	ex	PRON
cblr-1726	929	46	post	post	NOUN
cblr-1726	929	47	constraints	constraint	NOUN
cblr-1726	929	48	thus	thus	ADV
cblr-1726	929	49	introduces	introduce	VERB
cblr-1726	929	50	the	the	DET
cblr-1726	929	51	prospect	prospect	NOUN
cblr-1726	929	52	that	that	SCONJ
cblr-1726	929	53	fcla	fcla	NOUN
cblr-1726	929	54	may	may	AUX
cblr-1726	929	55	in	in	ADP
cblr-1726	929	56	some	some	DET
cblr-1726	929	57	cases	case	NOUN
cblr-1726	929	58	be	be	VERB
cblr-1726	929	59	available	available	ADJ
cblr-1726	929	60	to	to	ADP
cblr-1726	929	61	a	a	DET
cblr-1726	929	62	wider	wide	ADJ
cblr-1726	929	63	range	range	NOUN
cblr-1726	929	64	of	of	ADP
cblr-1726	929	65	financial	financial	ADJ
cblr-1726	929	66	institutions	institution	NOUN
cblr-1726	929	67	,	,	PUNCT
cblr-1726	929	68	on	on	ADP
cblr-1726	929	69	more	more	ADJ
cblr-1726	929	70	whether	whether	SCONJ
cblr-1726	929	71	to	to	PART
cblr-1726	929	72	extend	extend	VERB
cblr-1726	929	73	swap	swap	NOUN
cblr-1726	929	74	lines	line	NOUN
cblr-1726	929	75	to	to	ADP
cblr-1726	929	76	brazil	brazil	PROPN
cblr-1726	929	77	,	,	PUNCT
cblr-1726	929	78	singapore	singapore	PROPN
cblr-1726	929	79	,	,	PUNCT
cblr-1726	929	80	mexico	mexico	PROPN
cblr-1726	929	81	,	,	PUNCT
cblr-1726	929	82	korea	korea	PROPN
cblr-1726	929	83	,	,	PUNCT
cblr-1726	929	84	and	and	CCONJ
cblr-1726	929	85	iceland	iceland	PROPN
cblr-1726	929	86	)	)	PUNCT
cblr-1726	929	87	.	.	PUNCT
cblr-1726	930	1	225	225	NUM
cblr-1726	930	2	see	see	VERB
cblr-1726	930	3	rcap	rcap	NOUN
cblr-1726	930	4	on	on	ADP
cblr-1726	930	5	consistency	consistency	NOUN
cblr-1726	930	6	:	:	PUNCT
cblr-1726	930	7	jurisdictional	jurisdictional	ADJ
cblr-1726	930	8	assessments	assessment	NOUN
cblr-1726	930	9	,	,	PUNCT
cblr-1726	930	10	bank	bank	NOUN
cblr-1726	930	11	for	for	ADP
cblr-1726	930	12	int’l	int’l	NUM
cblr-1726	930	13	settlements	settlement	NOUN
cblr-1726	930	14	,	,	PUNCT
cblr-1726	930	15	http://www.bis.org/bcbs/implementation/rcap_jurisdictional.htm	http://www.bis.org/bcbs/implementation/rcap_jurisdictional.htm	PROPN
cblr-1726	930	16	[	[	X
cblr-1726	930	17	perma.cc/q8sq-m3g7	perma.cc/q8sq-m3g7	X
cblr-1726	930	18	]	]	PUNCT
cblr-1726	930	19	.	.	PUNCT
cblr-1726	931	1	see	see	VERB
cblr-1726	931	2	also	also	ADV
cblr-1726	931	3	silla	silla	PROPN
cblr-1726	931	4	brush	brush	PROPN
cblr-1726	931	5	et	et	PROPN
cblr-1726	931	6	al	al	PROPN
cblr-1726	931	7	.	.	PROPN
cblr-1726	931	8	,	,	PUNCT
cblr-1726	931	9	bank	bank	NOUN
cblr-1726	931	10	regulators	regulator	NOUN
cblr-1726	931	11	face	face	VERB
cblr-1726	931	12	santiago	santiago	PROPN
cblr-1726	931	13	showdown	showdown	NOUN
cblr-1726	931	14	on	on	ADP
cblr-1726	931	15	capital	capital	NOUN
cblr-1726	931	16	reform	reform	NOUN
cblr-1726	931	17	,	,	PUNCT
cblr-1726	931	18	bloomberg	bloomberg	PROPN
cblr-1726	931	19	(	(	PUNCT
cblr-1726	931	20	nov	nov	PROPN
cblr-1726	931	21	.	.	PROPN
cblr-1726	931	22	17	17	NUM
cblr-1726	931	23	,	,	PUNCT
cblr-1726	931	24	2016	2016	NUM
cblr-1726	931	25	,	,	PUNCT
cblr-1726	931	26	7:01	7:01	NUM
cblr-1726	931	27	pm	pm	NOUN
cblr-1726	931	28	)	)	PUNCT
cblr-1726	931	29	,	,	PUNCT
cblr-1726	931	30	https://www.bloomberg.com/news/articles/2016-1118/bank-regulators-stare-across-capital-divide-in-santiago-showdown	https://www.bloomberg.com/news/articles/2016-1118/bank-regulators-stare-across-capital-divide-in-santiago-showdown	ADJ
cblr-1726	932	1	[	[	X
cblr-1726	932	2	perma.cc/p5xe-aqcv	perma.cc/p5xe-aqcv	NOUN
cblr-1726	932	3	]	]	X
cblr-1726	932	4	;	;	PUNCT
cblr-1726	932	5	alex	alex	PROPN
cblr-1726	932	6	barker	barker	PROPN
cblr-1726	932	7	,	,	PUNCT
cblr-1726	932	8	jim	jim	PROPN
cblr-1726	932	9	brunsden	brunsden	PROPN
cblr-1726	932	10	,	,	PUNCT
cblr-1726	932	11	&	&	CCONJ
cblr-1726	932	12	martin	martin	PROPN
cblr-1726	932	13	arnold	arnold	PROPN
cblr-1726	932	14	,	,	PUNCT
cblr-1726	932	15	eu	eu	PROPN
cblr-1726	932	16	to	to	PART
cblr-1726	932	17	retaliate	retaliate	VERB
cblr-1726	932	18	against	against	ADP
cblr-1726	932	19	us	us	PROPN
cblr-1726	932	20	bank	bank	NOUN
cblr-1726	932	21	capital	capital	NOUN
cblr-1726	932	22	rules	rule	NOUN
cblr-1726	932	23	,	,	PUNCT
cblr-1726	932	24	fin	fin	NOUN
cblr-1726	932	25	.	.	PUNCT
cblr-1726	933	1	times	times	PROPN
cblr-1726	933	2	(	(	PUNCT
cblr-1726	933	3	nov	nov	PROPN
cblr-1726	933	4	.	.	PROPN
cblr-1726	933	5	21	21	NUM
cblr-1726	933	6	,	,	PUNCT
cblr-1726	933	7	2016	2016	NUM
cblr-1726	933	8	)	)	PUNCT
cblr-1726	933	9	,	,	PUNCT
cblr-1726	933	10	https://www.ft.com/content/26078750-b003-11e6-a37c-f4a01f1b0fa1	https://www.ft.com/content/26078750-b003-11e6-a37c-f4a01f1b0fa1	PROPN
cblr-1726	933	11	.	.	PUNCT
cblr-1726	933	12	awrey	awrey	PROPN
cblr-1726	933	13	–	–	PUNCT
cblr-1726	933	14	final	final	ADJ
cblr-1726	933	15	no	no	NOUN
cblr-1726	933	16	.	.	PUNCT
cblr-1726	934	1	3:934	3:934	X
cblr-1726	934	2	]	]	X
cblr-1726	934	3	foreign	foreign	ADJ
cblr-1726	934	4	currency	currency	NOUN
cblr-1726	934	5	liquidity	liquidity	NOUN
cblr-1726	934	6	assistance	assistance	NOUN
cblr-1726	934	7	1003	1003	NUM
cblr-1726	934	8	favorable	favorable	ADJ
cblr-1726	934	9	terms	term	NOUN
cblr-1726	934	10	,	,	PUNCT
cblr-1726	934	11	and	and	CCONJ
cblr-1726	934	12	subject	subject	VERB
cblr-1726	934	13	to	to	ADP
cblr-1726	934	14	less	less	ADV
cblr-1726	934	15	onerous	onerous	ADJ
cblr-1726	934	16	regulatory	regulatory	ADJ
cblr-1726	934	17	constraints	constraint	NOUN
cblr-1726	934	18	,	,	PUNCT
cblr-1726	934	19	than	than	ADP
cblr-1726	934	20	in	in	ADP
cblr-1726	934	21	the	the	DET
cblr-1726	934	22	jurisdiction	jurisdiction	NOUN
cblr-1726	934	23	that	that	PRON
cblr-1726	934	24	actually	actually	ADV
cblr-1726	934	25	issues	issue	VERB
cblr-1726	934	26	the	the	DET
cblr-1726	934	27	relevant	relevant	ADJ
cblr-1726	934	28	currency	currency	NOUN
cblr-1726	934	29	.	.	PUNCT
cblr-1726	935	1	closely	closely	ADV
cblr-1726	935	2	tied	tie	VERB
cblr-1726	935	3	to	to	ADP
cblr-1726	935	4	the	the	DET
cblr-1726	935	5	absence	absence	NOUN
cblr-1726	935	6	of	of	ADP
cblr-1726	935	7	qualifications	qualification	NOUN
cblr-1726	935	8	and	and	CCONJ
cblr-1726	935	9	conditions	condition	NOUN
cblr-1726	935	10	is	be	AUX
cblr-1726	935	11	the	the	DET
cblr-1726	935	12	contemplated	contemplated	ADJ
cblr-1726	935	13	fee	fee	NOUN
cblr-1726	935	14	structure	structure	NOUN
cblr-1726	935	15	of	of	ADP
cblr-1726	935	16	the	the	DET
cblr-1726	935	17	swap	swap	NOUN
cblr-1726	935	18	transactions	transaction	NOUN
cblr-1726	935	19	.	.	PUNCT
cblr-1726	936	1	there	there	PRON
cblr-1726	936	2	are	be	VERB
cblr-1726	936	3	at	at	ADV
cblr-1726	936	4	least	least	ADJ
cblr-1726	936	5	two	two	NUM
cblr-1726	936	6	ways	way	NOUN
cblr-1726	936	7	to	to	PART
cblr-1726	936	8	view	view	VERB
cblr-1726	936	9	the	the	DET
cblr-1726	936	10	economic	economic	ADJ
cblr-1726	936	11	function	function	NOUN
cblr-1726	936	12	of	of	ADP
cblr-1726	936	13	the	the	DET
cblr-1726	936	14	standing	stand	VERB
cblr-1726	936	15	facilities	facility	NOUN
cblr-1726	936	16	.	.	PUNCT
cblr-1726	937	1	the	the	DET
cblr-1726	937	2	first	first	ADJ
cblr-1726	937	3	is	be	AUX
cblr-1726	937	4	as	as	ADP
cblr-1726	937	5	a	a	DET
cblr-1726	937	6	line	line	NOUN
cblr-1726	937	7	of	of	ADP
cblr-1726	937	8	credit	credit	NOUN
cblr-1726	937	9	.	.	PUNCT
cblr-1726	938	1	unlike	unlike	ADP
cblr-1726	938	2	most	most	ADV
cblr-1726	938	3	privately	privately	ADV
cblr-1726	938	4	negotiated	negotiate	VERB
cblr-1726	938	5	lines	line	NOUN
cblr-1726	938	6	of	of	ADP
cblr-1726	938	7	credit,226	credit,226	ADV
cblr-1726	938	8	however	however	ADV
cblr-1726	938	9	,	,	PUNCT
cblr-1726	938	10	central	central	ADJ
cblr-1726	938	11	banks	bank	NOUN
cblr-1726	938	12	with	with	ADP
cblr-1726	938	13	access	access	NOUN
cblr-1726	938	14	to	to	ADP
cblr-1726	938	15	the	the	DET
cblr-1726	938	16	swap	swap	NOUN
cblr-1726	938	17	lines	line	NOUN
cblr-1726	938	18	are	be	AUX
cblr-1726	938	19	not	not	PART
cblr-1726	938	20	charged	charge	VERB
cblr-1726	938	21	a	a	DET
cblr-1726	938	22	‘	'	PUNCT
cblr-1726	938	23	commitment	commitment	NOUN
cblr-1726	938	24	fee	fee	NOUN
cblr-1726	938	25	’	'	PUNCT
cblr-1726	938	26	in	in	ADP
cblr-1726	938	27	exchange	exchange	NOUN
cblr-1726	938	28	for	for	ADP
cblr-1726	938	29	the	the	DET
cblr-1726	938	30	option	option	NOUN
cblr-1726	938	31	of	of	ADP
cblr-1726	938	32	obtaining	obtain	VERB
cblr-1726	938	33	fcla	fcla	NOUN
cblr-1726	938	34	.	.	PUNCT
cblr-1726	939	1	instead	instead	ADV
cblr-1726	939	2	,	,	PUNCT
cblr-1726	939	3	central	central	ADJ
cblr-1726	939	4	banks	bank	NOUN
cblr-1726	939	5	accessing	access	VERB
cblr-1726	939	6	this	this	DET
cblr-1726	939	7	liquidity	liquidity	NOUN
cblr-1726	939	8	support	support	NOUN
cblr-1726	939	9	are	be	AUX
cblr-1726	939	10	simply	simply	ADV
cblr-1726	939	11	charged	charge	VERB
cblr-1726	939	12	interest	interest	NOUN
cblr-1726	939	13	on	on	ADP
cblr-1726	939	14	any	any	DET
cblr-1726	939	15	outstanding	outstanding	ADJ
cblr-1726	939	16	balance	balance	NOUN
cblr-1726	939	17	.	.	PUNCT
cblr-1726	940	1	this	this	DET
cblr-1726	940	2	interest	interest	NOUN
cblr-1726	940	3	is	be	AUX
cblr-1726	940	4	calculated	calculate	VERB
cblr-1726	940	5	on	on	ADP
cblr-1726	940	6	the	the	DET
cblr-1726	940	7	basis	basis	NOUN
cblr-1726	940	8	of	of	ADP
cblr-1726	940	9	a	a	DET
cblr-1726	940	10	spread	spread	NOUN
cblr-1726	940	11	above	above	ADP
cblr-1726	940	12	a	a	DET
cblr-1726	940	13	benchmark	benchmark	ADJ
cblr-1726	940	14	short	short	ADJ
cblr-1726	940	15	-	-	PUNCT
cblr-1726	940	16	term	term	NOUN
cblr-1726	940	17	interest	interest	NOUN
cblr-1726	940	18	rate	rate	NOUN
cblr-1726	940	19	such	such	ADJ
cblr-1726	940	20	as	as	ADP
cblr-1726	940	21	the	the	DET
cblr-1726	940	22	overnight	overnight	ADJ
cblr-1726	940	23	index	index	NOUN
cblr-1726	940	24	swap	swap	NOUN
cblr-1726	940	25	(	(	PUNCT
cblr-1726	940	26	“	"	PUNCT
cblr-1726	940	27	ois	ois	PROPN
cblr-1726	940	28	”	"	PUNCT
cblr-1726	940	29	)	)	PUNCT
cblr-1726	940	30	rate.227	rate.227	PROPN
cblr-1726	940	31	while	while	SCONJ
cblr-1726	940	32	comprehensive	comprehensive	ADJ
cblr-1726	940	33	data	datum	NOUN
cblr-1726	940	34	is	be	AUX
cblr-1726	940	35	not	not	PART
cblr-1726	940	36	available	available	ADJ
cblr-1726	940	37	,	,	PUNCT
cblr-1726	940	38	the	the	DET
cblr-1726	940	39	reported	report	VERB
cblr-1726	940	40	spreads	spread	NOUN
cblr-1726	940	41	on	on	ADP
cblr-1726	940	42	swap	swap	NOUN
cblr-1726	940	43	transactions	transaction	NOUN
cblr-1726	940	44	under	under	ADP
cblr-1726	940	45	the	the	DET
cblr-1726	940	46	temporary	temporary	ADJ
cblr-1726	940	47	swap	swap	NOUN
cblr-1726	940	48	lines	line	NOUN
cblr-1726	940	49	in	in	ADP
cblr-1726	940	50	operation	operation	NOUN
cblr-1726	940	51	between	between	ADP
cblr-1726	940	52	2007	2007	NUM
cblr-1726	940	53	and	and	CCONJ
cblr-1726	940	54	2013	2013	NUM
cblr-1726	940	55	ranged	range	VERB
cblr-1726	940	56	from	from	ADP
cblr-1726	940	57	50–100	50–100	NUM
cblr-1726	940	58	basis	basis	NOUN
cblr-1726	940	59	points	point	NOUN
cblr-1726	940	60	(	(	PUNCT
cblr-1726	940	61	0.5–1.0	0.5–1.0	NOUN
cblr-1726	940	62	%	%	NOUN
cblr-1726	940	63	)	)	PUNCT
cblr-1726	940	64	above	above	ADP
cblr-1726	940	65	the	the	DET
cblr-1726	940	66	ois	ois	NOUN
cblr-1726	940	67	rate.228	rate.228	NOUN
cblr-1726	940	68	the	the	DET
cblr-1726	940	69	second	second	ADJ
cblr-1726	940	70	way	way	NOUN
cblr-1726	940	71	to	to	PART
cblr-1726	940	72	view	view	VERB
cblr-1726	940	73	the	the	DET
cblr-1726	940	74	facilities	facility	NOUN
cblr-1726	940	75	is	be	AUX
cblr-1726	940	76	as	as	ADP
cblr-1726	940	77	a	a	DET
cblr-1726	940	78	form	form	NOUN
cblr-1726	940	79	of	of	ADP
cblr-1726	940	80	insurance	insurance	NOUN
cblr-1726	940	81	against	against	ADP
cblr-1726	940	82	currency	currency	NOUN
cblr-1726	940	83	-	-	PUNCT
cblr-1726	940	84	specific	specific	ADJ
cblr-1726	940	85	liquidity	liquidity	NOUN
cblr-1726	940	86	problems	problem	NOUN
cblr-1726	940	87	.	.	PUNCT
cblr-1726	941	1	notably	notably	ADV
cblr-1726	941	2	,	,	PUNCT
cblr-1726	941	3	however	however	ADV
cblr-1726	941	4	,	,	PUNCT
cblr-1726	941	5	there	there	PRON
cblr-1726	941	6	is	be	VERB
cblr-1726	941	7	no	no	DET
cblr-1726	941	8	evidence	evidence	NOUN
cblr-1726	941	9	that	that	SCONJ
cblr-1726	941	10	the	the	DET
cblr-1726	941	11	methodology	methodology	NOUN
cblr-1726	941	12	for	for	ADP
cblr-1726	941	13	calculating	calculate	VERB
cblr-1726	941	14	interest	interest	NOUN
cblr-1726	941	15	reflects	reflect	VERB
cblr-1726	941	16	the	the	DET
cblr-1726	941	17	value	value	NOUN
cblr-1726	941	18	of	of	ADP
cblr-1726	941	19	this	this	DET
cblr-1726	941	20	insurance	insurance	NOUN
cblr-1726	941	21	to	to	ADP
cblr-1726	941	22	participating	participate	VERB
cblr-1726	941	23	central	central	ADJ
cblr-1726	941	24	banks	bank	NOUN
cblr-1726	941	25	on	on	ADP
cblr-1726	941	26	the	the	DET
cblr-1726	941	27	basis	basis	NOUN
cblr-1726	941	28	of	of	ADP
cblr-1726	941	29	,	,	PUNCT
cblr-1726	941	30	for	for	ADP
cblr-1726	941	31	example	example	NOUN
cblr-1726	941	32	,	,	PUNCT
cblr-1726	941	33	the	the	DET
cblr-1726	941	34	outstanding	outstanding	ADJ
cblr-1726	941	35	stock	stock	NOUN
cblr-1726	941	36	of	of	ADP
cblr-1726	941	37	the	the	DET
cblr-1726	941	38	relevant	relevant	ADJ
cblr-1726	941	39	currency	currency	NOUN
cblr-1726	941	40	,	,	PUNCT
cblr-1726	941	41	its	its	PRON
cblr-1726	941	42	use	use	NOUN
cblr-1726	941	43	by	by	ADP
cblr-1726	941	44	financial	financial	ADJ
cblr-1726	941	45	institutions	institution	NOUN
cblr-1726	941	46	within	within	ADP
cblr-1726	941	47	the	the	DET
cblr-1726	941	48	relevant	relevant	ADJ
cblr-1726	941	49	jurisdiction	jurisdiction	NOUN
cblr-1726	941	50	,	,	PUNCT
cblr-1726	941	51	or	or	CCONJ
cblr-1726	941	52	the	the	DET
cblr-1726	941	53	probability	probability	NOUN
cblr-1726	941	54	of	of	ADP
cblr-1726	941	55	a	a	DET
cblr-1726	941	56	market	market	NOUN
cblr-1726	941	57	wide	wide	ADJ
cblr-1726	941	58	currency	currency	NOUN
cblr-1726	941	59	-	-	PUNCT
cblr-1726	941	60	specific	specific	ADJ
cblr-1726	941	61	liquidity	liquidity	NOUN
cblr-1726	941	62	shortage	shortage	NOUN
cblr-1726	941	63	.	.	PUNCT
cblr-1726	942	1	as	as	SCONJ
cblr-1726	942	2	the	the	DET
cblr-1726	942	3	bank	bank	NOUN
cblr-1726	942	4	of	of	ADP
cblr-1726	942	5	england	england	PROPN
cblr-1726	942	6	has	have	AUX
cblr-1726	942	7	observed	observe	VERB
cblr-1726	942	8	,	,	PUNCT
cblr-1726	942	9	the	the	DET
cblr-1726	942	10	swap	swap	NOUN
cblr-1726	942	11	transactions	transaction	NOUN
cblr-1726	942	12	are	be	AUX
cblr-1726	942	13	instead	instead	ADV
cblr-1726	942	14	priced	price	VERB
cblr-1726	942	15	“	"	PUNCT
cblr-1726	942	16	at	at	ADP
cblr-1726	942	17	a	a	DET
cblr-1726	942	18	cost	cost	NOUN
cblr-1726	942	19	which	which	PRON
cblr-1726	942	20	is	be	AUX
cblr-1726	942	21	not	not	PART
cblr-1726	942	22	attractive	attractive	ADJ
cblr-1726	942	23	during	during	ADP
cblr-1726	942	24	normal	normal	ADJ
cblr-1726	942	25	226	226	NUM
cblr-1726	942	26	and	and	CCONJ
cblr-1726	942	27	,	,	PUNCT
cblr-1726	942	28	as	as	SCONJ
cblr-1726	942	29	this	this	DET
cblr-1726	942	30	article	article	NOUN
cblr-1726	942	31	shall	shall	AUX
cblr-1726	942	32	discuss	discuss	VERB
cblr-1726	942	33	,	,	PUNCT
cblr-1726	942	34	the	the	DET
cblr-1726	942	35	imf	imf	PROPN
cblr-1726	942	36	’s	’s	PART
cblr-1726	942	37	new	new	ADJ
cblr-1726	942	38	emergency	emergency	NOUN
cblr-1726	942	39	lending	lending	NOUN
cblr-1726	942	40	facilities	facility	NOUN
cblr-1726	942	41	.	.	PUNCT
cblr-1726	943	1	227	227	NUM
cblr-1726	943	2	see	see	VERB
cblr-1726	943	3	e.g.	e.g.	ADV
cblr-1726	943	4	,	,	PUNCT
cblr-1726	943	5	u.s	u.s	PROPN
cblr-1726	943	6	.	.	PROPN
cblr-1726	943	7	dollar	dollar	NOUN
cblr-1726	943	8	-	-	PUNCT
cblr-1726	943	9	british	british	ADJ
cblr-1726	943	10	pounds	pound	NOUN
cblr-1726	943	11	swap	swap	NOUN
cblr-1726	943	12	agreement	agreement	NOUN
cblr-1726	943	13	,	,	PUNCT
cblr-1726	943	14	supra	supra	PROPN
cblr-1726	943	15	note	note	NOUN
cblr-1726	943	16	216	216	NUM
cblr-1726	943	17	,	,	PUNCT
cblr-1726	943	18	§	§	PROPN
cblr-1726	943	19	4(c	4(c	NUM
cblr-1726	943	20	)	)	PUNCT
cblr-1726	943	21	.	.	PUNCT
cblr-1726	944	1	228	228	NUM
cblr-1726	944	2	experience	experience	NOUN
cblr-1726	944	3	with	with	ADP
cblr-1726	944	4	foreign	foreign	ADJ
cblr-1726	944	5	currency	currency	NOUN
cblr-1726	944	6	liquidity	liquidity	NOUN
cblr-1726	944	7	providing	provide	VERB
cblr-1726	944	8	central	central	ADJ
cblr-1726	944	9	bank	bank	NOUN
cblr-1726	944	10	swaps	swap	NOUN
cblr-1726	944	11	,	,	PUNCT
cblr-1726	944	12	monthly	monthly	ADJ
cblr-1726	944	13	bull	bull	NOUN
cblr-1726	944	14	.	.	PUNCT
cblr-1726	945	1	(	(	PUNCT
cblr-1726	945	2	eur	eur	PROPN
cblr-1726	945	3	.	.	PUNCT
cblr-1726	945	4	cent	cent	NOUN
cblr-1726	945	5	.	.	PUNCT
cblr-1726	945	6	bank	bank	PROPN
cblr-1726	945	7	,	,	PUNCT
cblr-1726	945	8	frankfurt	frankfurt	PROPN
cblr-1726	945	9	,	,	PUNCT
cblr-1726	945	10	ger	ger	NOUN
cblr-1726	945	11	.	.	PUNCT
cblr-1726	945	12	)	)	PUNCT
cblr-1726	945	13	,	,	PUNCT
cblr-1726	945	14	aug	aug	PROPN
cblr-1726	945	15	.	.	PROPN
cblr-1726	945	16	2014	2014	NUM
cblr-1726	945	17	,	,	PUNCT
cblr-1726	945	18	at	at	ADP
cblr-1726	945	19	73	73	NUM
cblr-1726	945	20	,	,	PUNCT
cblr-1726	945	21	65–82	65–82	NUM
cblr-1726	945	22	;	;	PUNCT
cblr-1726	945	23	denbee	denbee	NOUN
cblr-1726	945	24	et	et	PROPN
cblr-1726	945	25	al	al	PROPN
cblr-1726	945	26	.	.	PROPN
cblr-1726	945	27	,	,	PUNCT
cblr-1726	945	28	supra	supra	PROPN
cblr-1726	945	29	note	note	PROPN
cblr-1726	945	30	51	51	NUM
cblr-1726	945	31	,	,	PUNCT
cblr-1726	945	32	at	at	ADP
cblr-1726	945	33	12	12	NUM
cblr-1726	945	34	.	.	PUNCT
cblr-1726	946	1	awrey	awrey	PROPN
cblr-1726	946	2	–	–	PUNCT
cblr-1726	946	3	final	final	ADJ
cblr-1726	946	4	1004	1004	NUM
cblr-1726	946	5	columbia	columbia	PROPN
cblr-1726	946	6	business	business	NOUN
cblr-1726	946	7	law	law	PROPN
cblr-1726	946	8	review	review	NOUN
cblr-1726	947	1	[	[	X
cblr-1726	947	2	vol	vol	NOUN
cblr-1726	947	3	.	.	NOUN
cblr-1726	947	4	2017	2017	NUM
cblr-1726	947	5	periods	period	NOUN
cblr-1726	947	6	,	,	PUNCT
cblr-1726	947	7	but	but	CCONJ
cblr-1726	947	8	is	be	AUX
cblr-1726	947	9	not	not	PART
cblr-1726	947	10	prohibitively	prohibitively	ADV
cblr-1726	947	11	expensive	expensive	ADJ
cblr-1726	947	12	during	during	ADP
cblr-1726	947	13	crisis	crisis	NOUN
cblr-1726	947	14	periods	period	NOUN
cblr-1726	947	15	.	.	PUNCT
cblr-1726	947	16	”229	”229	PUNCT
cblr-1726	948	1	whichever	whichever	PRON
cblr-1726	948	2	view	view	NOUN
cblr-1726	948	3	one	one	NUM
cblr-1726	948	4	adopts	adopt	VERB
cblr-1726	948	5	,	,	PUNCT
cblr-1726	948	6	it	it	PRON
cblr-1726	948	7	thus	thus	ADV
cblr-1726	948	8	seems	seem	VERB
cblr-1726	948	9	highly	highly	ADV
cblr-1726	948	10	probable	probable	ADJ
cblr-1726	948	11	that	that	SCONJ
cblr-1726	948	12	the	the	DET
cblr-1726	948	13	current	current	ADJ
cblr-1726	948	14	fee	fee	NOUN
cblr-1726	948	15	structure	structure	NOUN
cblr-1726	948	16	of	of	ADP
cblr-1726	948	17	the	the	DET
cblr-1726	948	18	standing	standing	ADJ
cblr-1726	948	19	facilities	facility	NOUN
cblr-1726	948	20	will	will	AUX
cblr-1726	948	21	result	result	VERB
cblr-1726	948	22	in	in	ADP
cblr-1726	948	23	significant	significant	ADJ
cblr-1726	948	24	underpricing	underpricing	NOUN
cblr-1726	948	25	of	of	ADP
cblr-1726	948	26	fcla	fcla	NOUN
cblr-1726	948	27	.	.	PUNCT
cblr-1726	949	1	the	the	DET
cblr-1726	949	2	final	final	ADJ
cblr-1726	949	3	feature	feature	NOUN
cblr-1726	949	4	relates	relate	VERB
cblr-1726	949	5	to	to	ADP
cblr-1726	949	6	the	the	DET
cblr-1726	949	7	contemplated	contemplated	ADJ
cblr-1726	949	8	term	term	NOUN
cblr-1726	949	9	structure	structure	NOUN
cblr-1726	949	10	of	of	ADP
cblr-1726	949	11	the	the	DET
cblr-1726	949	12	swap	swap	NOUN
cblr-1726	949	13	transactions	transaction	NOUN
cblr-1726	949	14	.	.	PUNCT
cblr-1726	950	1	the	the	DET
cblr-1726	950	2	agreements	agreement	NOUN
cblr-1726	950	3	state	state	VERB
cblr-1726	950	4	that	that	SCONJ
cblr-1726	950	5	each	each	DET
cblr-1726	950	6	swap	swap	NOUN
cblr-1726	950	7	will	will	AUX
cblr-1726	950	8	have	have	VERB
cblr-1726	950	9	a	a	DET
cblr-1726	950	10	maximum	maximum	ADJ
cblr-1726	950	11	maturity	maturity	NOUN
cblr-1726	950	12	of	of	ADP
cblr-1726	950	13	eighty	eighty	NUM
cblr-1726	950	14	-	-	PUNCT
cblr-1726	950	15	eight	eight	NUM
cblr-1726	950	16	days	day	NOUN
cblr-1726	950	17	,	,	PUNCT
cblr-1726	950	18	or	or	CCONJ
cblr-1726	950	19	such	such	ADJ
cblr-1726	950	20	other	other	ADJ
cblr-1726	950	21	period	period	NOUN
cblr-1726	950	22	as	as	SCONJ
cblr-1726	950	23	may	may	AUX
cblr-1726	950	24	be	be	AUX
cblr-1726	950	25	mutually	mutually	ADV
cblr-1726	950	26	agreed	agree	VERB
cblr-1726	950	27	by	by	ADP
cblr-1726	950	28	the	the	DET
cblr-1726	950	29	parties.230	parties.230	PROPN
cblr-1726	950	30	however	however	ADV
cblr-1726	950	31	,	,	PUNCT
cblr-1726	950	32	in	in	ADP
cblr-1726	950	33	the	the	DET
cblr-1726	950	34	event	event	NOUN
cblr-1726	950	35	that	that	SCONJ
cblr-1726	950	36	one	one	NUM
cblr-1726	950	37	of	of	ADP
cblr-1726	950	38	the	the	DET
cblr-1726	950	39	parties	party	NOUN
cblr-1726	950	40	fails	fail	VERB
cblr-1726	950	41	to	to	PART
cblr-1726	950	42	repurchase	repurchase	VERB
cblr-1726	950	43	its	its	PRON
cblr-1726	950	44	currency	currency	NOUN
cblr-1726	950	45	on	on	ADP
cblr-1726	950	46	or	or	CCONJ
cblr-1726	950	47	before	before	ADP
cblr-1726	950	48	the	the	DET
cblr-1726	950	49	relevant	relevant	ADJ
cblr-1726	950	50	maturity	maturity	NOUN
cblr-1726	950	51	date	date	NOUN
cblr-1726	950	52	,	,	PUNCT
cblr-1726	950	53	the	the	DET
cblr-1726	950	54	swap	swap	NOUN
cblr-1726	950	55	transaction	transaction	NOUN
cblr-1726	950	56	automatically	automatically	ADV
cblr-1726	950	57	rolls	roll	VERB
cblr-1726	950	58	over	over	ADP
cblr-1726	950	59	into	into	ADP
cblr-1726	950	60	a	a	DET
cblr-1726	950	61	new	new	ADJ
cblr-1726	950	62	overnight	overnight	ADJ
cblr-1726	950	63	swap	swap	NOUN
cblr-1726	950	64	transaction.231	transaction.231	ADP
cblr-1726	950	65	the	the	DET
cblr-1726	950	66	amount	amount	NOUN
cblr-1726	950	67	owing	owe	VERB
cblr-1726	950	68	under	under	ADP
cblr-1726	950	69	the	the	DET
cblr-1726	950	70	maturing	mature	VERB
cblr-1726	950	71	swap	swap	NOUN
cblr-1726	950	72	is	be	AUX
cblr-1726	950	73	then	then	ADV
cblr-1726	950	74	cancelled	cancel	VERB
cblr-1726	950	75	and	and	CCONJ
cblr-1726	950	76	replaced	replace	VERB
cblr-1726	950	77	with	with	ADP
cblr-1726	950	78	this	this	DET
cblr-1726	950	79	rollover	rollover	NOUN
cblr-1726	950	80	swap	swap	NOUN
cblr-1726	950	81	transaction	transaction	NOUN
cblr-1726	950	82	,	,	PUNCT
cblr-1726	950	83	which	which	PRON
cblr-1726	950	84	for	for	ADP
cblr-1726	950	85	the	the	DET
cblr-1726	950	86	purposes	purpose	NOUN
cblr-1726	950	87	of	of	ADP
cblr-1726	950	88	the	the	DET
cblr-1726	950	89	agreements	agreement	NOUN
cblr-1726	950	90	is	be	AUX
cblr-1726	950	91	expressly	expressly	ADV
cblr-1726	950	92	deemed	deem	VERB
cblr-1726	950	93	to	to	PART
cblr-1726	950	94	be	be	AUX
cblr-1726	950	95	equivalent	equivalent	ADJ
cblr-1726	950	96	to	to	ADP
cblr-1726	950	97	a	a	DET
cblr-1726	950	98	newly	newly	ADV
cblr-1726	950	99	entered	enter	VERB
cblr-1726	950	100	-	-	PUNCT
cblr-1726	950	101	into	into	ADP
cblr-1726	950	102	swap	swap	NOUN
cblr-1726	950	103	transaction.232	transaction.232	NOUN
cblr-1726	950	104	as	as	ADP
cblr-1726	950	105	a	a	DET
cblr-1726	950	106	result	result	NOUN
cblr-1726	950	107	,	,	PUNCT
cblr-1726	950	108	should	should	AUX
cblr-1726	950	109	the	the	DET
cblr-1726	950	110	party	party	NOUN
cblr-1726	950	111	also	also	ADV
cblr-1726	950	112	fail	fail	VERB
cblr-1726	950	113	to	to	PART
cblr-1726	950	114	repurchase	repurchase	VERB
cblr-1726	950	115	its	its	PRON
cblr-1726	950	116	currency	currency	NOUN
cblr-1726	950	117	upon	upon	SCONJ
cblr-1726	950	118	the	the	DET
cblr-1726	950	119	maturity	maturity	NOUN
cblr-1726	950	120	of	of	ADP
cblr-1726	950	121	a	a	DET
cblr-1726	950	122	rollover	rollover	NOUN
cblr-1726	950	123	swap	swap	NOUN
cblr-1726	950	124	transaction	transaction	NOUN
cblr-1726	950	125	,	,	PUNCT
cblr-1726	950	126	the	the	DET
cblr-1726	950	127	swap	swap	NOUN
cblr-1726	950	128	will	will	AUX
cblr-1726	950	129	once	once	ADV
cblr-1726	950	130	again	again	ADV
cblr-1726	950	131	automatically	automatically	ADV
cblr-1726	950	132	rollover	rollover	VERB
cblr-1726	950	133	.	.	PUNCT
cblr-1726	951	1	in	in	ADP
cblr-1726	951	2	theory	theory	NOUN
cblr-1726	951	3	,	,	PUNCT
cblr-1726	951	4	therefore	therefore	ADV
cblr-1726	951	5	,	,	PUNCT
cblr-1726	951	6	these	these	DET
cblr-1726	951	7	swap	swap	NOUN
cblr-1726	951	8	transactions	transaction	NOUN
cblr-1726	951	9	could	could	AUX
cblr-1726	951	10	roll	roll	VERB
cblr-1726	951	11	over	over	ADP
cblr-1726	951	12	in	in	ADP
cblr-1726	951	13	perpetuity.233	perpetuity.233	NOUN
cblr-1726	951	14	these	these	DET
cblr-1726	951	15	features	feature	NOUN
cblr-1726	951	16	reveal	reveal	VERB
cblr-1726	951	17	two	two	NUM
cblr-1726	951	18	critical	critical	ADJ
cblr-1726	951	19	flaws	flaw	NOUN
cblr-1726	951	20	in	in	ADP
cblr-1726	951	21	the	the	DET
cblr-1726	951	22	design	design	NOUN
cblr-1726	951	23	of	of	ADP
cblr-1726	951	24	the	the	DET
cblr-1726	951	25	standing	stand	VERB
cblr-1726	951	26	facilities	facility	NOUN
cblr-1726	951	27	.	.	PUNCT
cblr-1726	952	1	the	the	DET
cblr-1726	952	2	first	first	ADJ
cblr-1726	952	3	is	be	AUX
cblr-1726	952	4	the	the	DET
cblr-1726	952	5	complete	complete	ADJ
cblr-1726	952	6	absence	absence	NOUN
cblr-1726	952	7	of	of	ADP
cblr-1726	952	8	mechanisms	mechanism	NOUN
cblr-1726	952	9	designed	design	VERB
cblr-1726	952	10	to	to	PART
cblr-1726	952	11	constrain	constrain	VERB
cblr-1726	952	12	the	the	DET
cblr-1726	952	13	potentially	potentially	ADV
cblr-1726	952	14	significant	significant	ADJ
cblr-1726	952	15	moral	moral	ADJ
cblr-1726	952	16	hazard	hazard	NOUN
cblr-1726	952	17	problems	problem	NOUN
cblr-1726	952	18	generated	generate	VERB
cblr-1726	952	19	by	by	ADP
cblr-1726	952	20	the	the	DET
cblr-1726	952	21	theoretically	theoretically	ADV
cblr-1726	952	22	open	open	ADJ
cblr-1726	952	23	-	-	PUNCT
cblr-1726	952	24	ended	ended	ADJ
cblr-1726	952	25	,	,	PUNCT
cblr-1726	952	26	underpriced	underpriced	ADJ
cblr-1726	952	27	provision	provision	NOUN
cblr-1726	952	28	of	of	ADP
cblr-1726	952	29	fcla	fcla	NOUN
cblr-1726	952	30	.	.	PUNCT
cblr-1726	953	1	in	in	ADP
cblr-1726	953	2	the	the	DET
cblr-1726	953	3	absence	absence	NOUN
cblr-1726	953	4	of	of	ADP
cblr-1726	953	5	such	such	ADJ
cblr-1726	953	6	mechanisms	mechanism	NOUN
cblr-1726	953	7	,	,	PUNCT
cblr-1726	953	8	participating	participate	VERB
cblr-1726	953	9	central	central	ADJ
cblr-1726	953	10	banks	bank	NOUN
cblr-1726	953	11	may	may	AUX
cblr-1726	953	12	come	come	VERB
cblr-1726	953	13	to	to	PART
cblr-1726	953	14	expect	expect	VERB
cblr-1726	953	15	that	that	SCONJ
cblr-1726	953	16	they	they	PRON
cblr-1726	953	17	will	will	AUX
cblr-1726	953	18	be	be	AUX
cblr-1726	953	19	able	able	ADJ
cblr-1726	953	20	to	to	PART
cblr-1726	953	21	acquire	acquire	VERB
cblr-1726	953	22	foreign	foreign	ADJ
cblr-1726	953	23	currency	currency	NOUN
cblr-1726	953	24	under	under	ADP
cblr-1726	953	25	these	these	DET
cblr-1726	953	26	facilities	facility	NOUN
cblr-1726	953	27	at	at	ADP
cblr-1726	953	28	any	any	DET
cblr-1726	953	29	time	time	NOUN
cblr-1726	953	30	and	and	CCONJ
cblr-1726	953	31	on	on	ADP
cblr-1726	953	32	favorable	favorable	ADJ
cblr-1726	953	33	terms	term	NOUN
cblr-1726	953	34	—	—	PUNCT
cblr-1726	953	35	thereby	thereby	ADV
cblr-1726	953	36	undercutting	undercut	VERB
cblr-1726	953	37	their	their	PRON
cblr-1726	953	38	incentives	incentive	NOUN
cblr-1726	953	39	to	to	PART
cblr-1726	953	40	strictly	strictly	ADV
cblr-1726	953	41	regulate	regulate	VERB
cblr-1726	953	42	the	the	DET
cblr-1726	953	43	issuance	issuance	NOUN
cblr-1726	953	44	of	of	ADP
cblr-1726	953	45	short	short	ADJ
cblr-1726	953	46	229	229	NUM
cblr-1726	953	47	denbee	denbee	NOUN
cblr-1726	953	48	et	et	PROPN
cblr-1726	953	49	al	al	PROPN
cblr-1726	953	50	.	.	PROPN
cblr-1726	953	51	,	,	PUNCT
cblr-1726	953	52	supra	supra	PROPN
cblr-1726	953	53	note	note	PROPN
cblr-1726	953	54	51	51	NUM
cblr-1726	953	55	,	,	PUNCT
cblr-1726	953	56	at	at	ADP
cblr-1726	953	57	11	11	NUM
cblr-1726	953	58	.	.	PUNCT
cblr-1726	954	1	230	230	NUM
cblr-1726	954	2	see	see	NOUN
cblr-1726	954	3	,	,	PUNCT
cblr-1726	954	4	e.g.	e.g.	ADV
cblr-1726	954	5	,	,	PUNCT
cblr-1726	954	6	u.s	u.s	PROPN
cblr-1726	954	7	.	.	PROPN
cblr-1726	954	8	dollar	dollar	NOUN
cblr-1726	954	9	-	-	PUNCT
cblr-1726	954	10	british	british	ADJ
cblr-1726	954	11	pounds	pound	NOUN
cblr-1726	954	12	swap	swap	NOUN
cblr-1726	954	13	agreement	agreement	NOUN
cblr-1726	954	14	,	,	PUNCT
cblr-1726	954	15	supra	supra	PROPN
cblr-1726	954	16	note	note	NOUN
cblr-1726	954	17	216	216	NUM
cblr-1726	954	18	,	,	PUNCT
cblr-1726	954	19	§	§	PROPN
cblr-1726	954	20	1(c	1(c	NUM
cblr-1726	954	21	)	)	PUNCT
cblr-1726	954	22	.	.	PUNCT
cblr-1726	955	1	231	231	NUM
cblr-1726	956	1	i	i	PRON
cblr-1726	956	2	d.	d.	PROPN
cblr-1726	956	3	§	§	PROPN
cblr-1726	956	4	6(a	6(a	NUM
cblr-1726	956	5	)	)	PUNCT
cblr-1726	956	6	.	.	PUNCT
cblr-1726	957	1	232	232	NUM
cblr-1726	958	1	i	i	PRON
cblr-1726	958	2	d.	d.	PROPN
cblr-1726	958	3	233	233	NUM
cblr-1726	958	4	while	while	SCONJ
cblr-1726	958	5	the	the	DET
cblr-1726	958	6	party	party	NOUN
cblr-1726	958	7	providing	provide	VERB
cblr-1726	958	8	fcla	fcla	NOUN
cblr-1726	958	9	under	under	ADP
cblr-1726	958	10	the	the	DET
cblr-1726	958	11	swap	swap	NOUN
cblr-1726	958	12	is	be	AUX
cblr-1726	958	13	authorized	authorize	VERB
cblr-1726	958	14	to	to	PART
cblr-1726	958	15	set	set	VERB
cblr-1726	958	16	off	off	ADP
cblr-1726	958	17	any	any	DET
cblr-1726	958	18	obligations	obligation	NOUN
cblr-1726	958	19	it	it	PRON
cblr-1726	958	20	owes	owe	VERB
cblr-1726	958	21	against	against	ADP
cblr-1726	958	22	the	the	DET
cblr-1726	958	23	corresponding	correspond	VERB
cblr-1726	958	24	currency	currency	NOUN
cblr-1726	958	25	purchased	purchase	VERB
cblr-1726	958	26	from	from	ADP
cblr-1726	958	27	the	the	DET
cblr-1726	958	28	other	other	ADJ
cblr-1726	958	29	party	party	NOUN
cblr-1726	958	30	,	,	PUNCT
cblr-1726	958	31	i	i	PROPN
cblr-1726	958	32	d.	d.	PROPN
cblr-1726	958	33	§	§	PROPN
cblr-1726	958	34	6(b	6(b	NUM
cblr-1726	958	35	)	)	PUNCT
cblr-1726	958	36	,	,	PUNCT
cblr-1726	958	37	one	one	PRON
cblr-1726	958	38	might	might	AUX
cblr-1726	958	39	expect	expect	VERB
cblr-1726	958	40	this	this	DET
cblr-1726	958	41	right	right	NOUN
cblr-1726	958	42	to	to	PART
cblr-1726	958	43	be	be	AUX
cblr-1726	958	44	exercised	exercise	VERB
cblr-1726	958	45	in	in	ADP
cblr-1726	958	46	only	only	ADV
cblr-1726	958	47	the	the	DET
cblr-1726	958	48	most	most	ADV
cblr-1726	958	49	extraordinary	extraordinary	ADJ
cblr-1726	958	50	of	of	ADP
cblr-1726	958	51	circumstances	circumstance	NOUN
cblr-1726	958	52	given	give	VERB
cblr-1726	958	53	the	the	DET
cblr-1726	958	54	potential	potential	ADJ
cblr-1726	958	55	political	political	ADJ
cblr-1726	958	56	ramifications	ramification	NOUN
cblr-1726	958	57	of	of	ADP
cblr-1726	958	58	exercising	exercise	VERB
cblr-1726	958	59	this	this	DET
cblr-1726	958	60	option	option	NOUN
cblr-1726	958	61	.	.	PUNCT
cblr-1726	959	1	awrey	awrey	NOUN
cblr-1726	959	2	–	–	PUNCT
cblr-1726	959	3	final	final	ADJ
cblr-1726	959	4	no	no	NOUN
cblr-1726	959	5	.	.	PUNCT
cblr-1726	960	1	3:934	3:934	X
cblr-1726	960	2	]	]	X
cblr-1726	960	3	foreign	foreign	ADJ
cblr-1726	960	4	currency	currency	NOUN
cblr-1726	960	5	liquidity	liquidity	NOUN
cblr-1726	960	6	assistance	assistance	NOUN
cblr-1726	960	7	1005	1005	NUM
cblr-1726	960	8	term	term	NOUN
cblr-1726	960	9	foreign	foreign	ADJ
cblr-1726	960	10	currency	currency	NOUN
cblr-1726	960	11	liabilities	liability	NOUN
cblr-1726	960	12	by	by	ADP
cblr-1726	960	13	domestic	domestic	ADJ
cblr-1726	960	14	financial	financial	ADJ
cblr-1726	960	15	institutions	institution	NOUN
cblr-1726	960	16	or	or	CCONJ
cblr-1726	960	17	proactively	proactively	ADV
cblr-1726	960	18	manage	manage	VERB
cblr-1726	960	19	the	the	DET
cblr-1726	960	20	risk	risk	NOUN
cblr-1726	960	21	of	of	ADP
cblr-1726	960	22	foreign	foreign	ADJ
cblr-1726	960	23	currency	currency	NOUN
cblr-1726	960	24	liquidity	liquidity	NOUN
cblr-1726	960	25	problems	problem	NOUN
cblr-1726	960	26	.	.	PUNCT
cblr-1726	961	1	these	these	DET
cblr-1726	961	2	financial	financial	ADJ
cblr-1726	961	3	institutions	institution	NOUN
cblr-1726	961	4	,	,	PUNCT
cblr-1726	961	5	in	in	ADP
cblr-1726	961	6	turn	turn	NOUN
cblr-1726	961	7	,	,	PUNCT
cblr-1726	961	8	may	may	AUX
cblr-1726	961	9	maintain	maintain	VERB
cblr-1726	961	10	—	—	PUNCT
cblr-1726	961	11	or	or	CCONJ
cblr-1726	961	12	even	even	ADV
cblr-1726	961	13	increase	increase	VERB
cblr-1726	961	14	—	—	PUNCT
cblr-1726	961	15	their	their	PRON
cblr-1726	961	16	short	short	ADJ
cblr-1726	961	17	-	-	PUNCT
cblr-1726	961	18	term	term	NOUN
cblr-1726	961	19	foreign	foreign	ADJ
cblr-1726	961	20	currency	currency	NOUN
cblr-1726	961	21	borrowing	borrow	VERB
cblr-1726	961	22	with	with	ADP
cblr-1726	961	23	the	the	DET
cblr-1726	961	24	expectation	expectation	NOUN
cblr-1726	961	25	that	that	SCONJ
cblr-1726	961	26	the	the	DET
cblr-1726	961	27	central	central	ADJ
cblr-1726	961	28	bank	bank	NOUN
cblr-1726	961	29	will	will	AUX
cblr-1726	961	30	step	step	VERB
cblr-1726	961	31	in	in	ADV
cblr-1726	961	32	to	to	PART
cblr-1726	961	33	provide	provide	VERB
cblr-1726	961	34	fcla	fcla	NOUN
cblr-1726	961	35	during	during	ADP
cblr-1726	961	36	periods	period	NOUN
cblr-1726	961	37	of	of	ADP
cblr-1726	961	38	widespread	widespread	ADJ
cblr-1726	961	39	market	market	NOUN
cblr-1726	961	40	disruption	disruption	NOUN
cblr-1726	961	41	.	.	PUNCT
cblr-1726	962	1	in	in	ADP
cblr-1726	962	2	this	this	DET
cblr-1726	962	3	important	important	ADJ
cblr-1726	962	4	respect	respect	NOUN
cblr-1726	962	5	,	,	PUNCT
cblr-1726	962	6	the	the	DET
cblr-1726	962	7	incomplete	incomplete	ADJ
cblr-1726	962	8	institutionalization	institutionalization	NOUN
cblr-1726	962	9	of	of	ADP
cblr-1726	962	10	fcla	fcla	NOUN
cblr-1726	962	11	under	under	ADP
cblr-1726	962	12	the	the	DET
cblr-1726	962	13	standing	standing	ADJ
cblr-1726	962	14	facilities	facility	NOUN
cblr-1726	962	15	may	may	AUX
cblr-1726	962	16	actually	actually	ADV
cblr-1726	962	17	serve	serve	VERB
cblr-1726	962	18	to	to	PART
cblr-1726	962	19	foment	foment	VERB
cblr-1726	962	20	potential	potential	ADJ
cblr-1726	962	21	financial	financial	ADJ
cblr-1726	962	22	instability	instability	NOUN
cblr-1726	962	23	.	.	PUNCT
cblr-1726	963	1	the	the	DET
cblr-1726	963	2	second	second	ADJ
cblr-1726	963	3	flaw	flaw	NOUN
cblr-1726	963	4	resides	reside	VERB
cblr-1726	963	5	in	in	ADP
cblr-1726	963	6	the	the	DET
cblr-1726	963	7	politically	politically	ADV
cblr-1726	963	8	contingent	contingent	ADJ
cblr-1726	963	9	nature	nature	NOUN
cblr-1726	963	10	of	of	ADP
cblr-1726	963	11	the	the	DET
cblr-1726	963	12	standing	stand	VERB
cblr-1726	963	13	facilities	facility	NOUN
cblr-1726	963	14	.	.	PUNCT
cblr-1726	964	1	some	some	PRON
cblr-1726	964	2	view	view	VERB
cblr-1726	964	3	this	this	DET
cblr-1726	964	4	flaw	flaw	NOUN
cblr-1726	964	5	as	as	ADP
cblr-1726	964	6	necessary	necessary	ADJ
cblr-1726	964	7	to	to	PART
cblr-1726	964	8	ensure	ensure	VERB
cblr-1726	964	9	that	that	SCONJ
cblr-1726	964	10	participating	participate	VERB
cblr-1726	964	11	central	central	ADJ
cblr-1726	964	12	banks	bank	NOUN
cblr-1726	964	13	are	be	AUX
cblr-1726	964	14	not	not	PART
cblr-1726	964	15	ex	ex	PART
cblr-1726	964	16	ante	ante	NOUN
cblr-1726	964	17	committed	commit	VERB
cblr-1726	964	18	to	to	PART
cblr-1726	964	19	provide	provide	VERB
cblr-1726	964	20	fcla	fcla	NOUN
cblr-1726	964	21	in	in	ADP
cblr-1726	964	22	circumstances	circumstance	NOUN
cblr-1726	964	23	that	that	PRON
cblr-1726	964	24	would	would	AUX
cblr-1726	964	25	fall	fall	VERB
cblr-1726	964	26	outside	outside	ADP
cblr-1726	964	27	the	the	DET
cblr-1726	964	28	scope	scope	NOUN
cblr-1726	964	29	of	of	ADP
cblr-1726	964	30	their	their	PRON
cblr-1726	964	31	statutory	statutory	ADJ
cblr-1726	964	32	authority.234	authority.234	NOUN
cblr-1726	964	33	some	some	PRON
cblr-1726	964	34	even	even	ADV
cblr-1726	964	35	view	view	VERB
cblr-1726	964	36	it	it	PRON
cblr-1726	964	37	as	as	SCONJ
cblr-1726	964	38	desirable	desirable	ADJ
cblr-1726	964	39	insofar	insofar	ADV
cblr-1726	964	40	as	as	SCONJ
cblr-1726	964	41	it	it	PRON
cblr-1726	964	42	introduces	introduce	VERB
cblr-1726	964	43	a	a	DET
cblr-1726	964	44	degree	degree	NOUN
cblr-1726	964	45	of	of	ADP
cblr-1726	964	46	constructive	constructive	ADJ
cblr-1726	964	47	ambiguity	ambiguity	NOUN
cblr-1726	964	48	,	,	PUNCT
cblr-1726	964	49	thereby	thereby	ADV
cblr-1726	964	50	helping	help	VERB
cblr-1726	964	51	to	to	PART
cblr-1726	964	52	ameliorate	ameliorate	VERB
cblr-1726	964	53	potential	potential	ADJ
cblr-1726	964	54	moral	moral	ADJ
cblr-1726	964	55	hazard	hazard	NOUN
cblr-1726	964	56	problems.235	problems.235	NOUN
cblr-1726	964	57	ultimately	ultimately	ADV
cblr-1726	964	58	,	,	PUNCT
cblr-1726	964	59	however	however	ADV
cblr-1726	964	60	—	—	PUNCT
cblr-1726	964	61	and	and	CCONJ
cblr-1726	964	62	irrespective	irrespective	ADV
cblr-1726	964	63	of	of	ADP
cblr-1726	964	64	whether	whether	SCONJ
cblr-1726	964	65	we	we	PRON
cblr-1726	964	66	view	view	VERB
cblr-1726	964	67	it	it	PRON
cblr-1726	964	68	as	as	ADP
cblr-1726	964	69	a	a	DET
cblr-1726	964	70	‘	'	PUNCT
cblr-1726	964	71	feature	feature	NOUN
cblr-1726	964	72	’	'	PUNCT
cblr-1726	964	73	or	or	CCONJ
cblr-1726	964	74	a	a	DET
cblr-1726	964	75	‘	'	PUNCT
cblr-1726	964	76	bug’—the	bug’—the	DET
cblr-1726	964	77	contingent	contingent	ADJ
cblr-1726	964	78	nature	nature	NOUN
cblr-1726	964	79	of	of	ADP
cblr-1726	964	80	the	the	DET
cblr-1726	964	81	facilities	facility	NOUN
cblr-1726	964	82	generates	generate	VERB
cblr-1726	964	83	two	two	NUM
cblr-1726	964	84	potentially	potentially	ADV
cblr-1726	964	85	significant	significant	ADJ
cblr-1726	964	86	distortions	distortion	NOUN
cblr-1726	964	87	.	.	PUNCT
cblr-1726	965	1	first	first	ADV
cblr-1726	965	2	,	,	PUNCT
cblr-1726	965	3	one	one	PRON
cblr-1726	965	4	might	might	AUX
cblr-1726	965	5	expect	expect	VERB
cblr-1726	965	6	both	both	PRON
cblr-1726	965	7	participating	participate	VERB
cblr-1726	965	8	central	central	ADJ
cblr-1726	965	9	banks	bank	NOUN
cblr-1726	965	10	and	and	CCONJ
cblr-1726	965	11	the	the	DET
cblr-1726	965	12	financial	financial	ADJ
cblr-1726	965	13	institutions	institution	NOUN
cblr-1726	965	14	under	under	ADP
cblr-1726	965	15	their	their	PRON
cblr-1726	965	16	oversight	oversight	NOUN
cblr-1726	965	17	to	to	PART
cblr-1726	965	18	respond	respond	VERB
cblr-1726	965	19	to	to	ADP
cblr-1726	965	20	any	any	DET
cblr-1726	965	21	uncertainty	uncertainty	NOUN
cblr-1726	965	22	around	around	ADP
cblr-1726	965	23	their	their	PRON
cblr-1726	965	24	access	access	NOUN
cblr-1726	965	25	to	to	ADP
cblr-1726	965	26	the	the	DET
cblr-1726	965	27	facilities	facility	NOUN
cblr-1726	965	28	by	by	ADP
cblr-1726	965	29	expanding	expand	VERB
cblr-1726	965	30	their	their	PRON
cblr-1726	965	31	foreign	foreign	ADJ
cblr-1726	965	32	currency	currency	NOUN
cblr-1726	965	33	assets	asset	NOUN
cblr-1726	965	34	and	and	CCONJ
cblr-1726	965	35	liabilities	liability	NOUN
cblr-1726	965	36	and	and	CCONJ
cblr-1726	965	37	,	,	PUNCT
cblr-1726	965	38	more	more	ADV
cblr-1726	965	39	generally	generally	ADV
cblr-1726	965	40	,	,	PUNCT
cblr-1726	965	41	by	by	ADP
cblr-1726	965	42	increasing	increase	VERB
cblr-1726	965	43	their	their	PRON
cblr-1726	965	44	levels	level	NOUN
cblr-1726	965	45	of	of	ADP
cblr-1726	965	46	integration	integration	NOUN
cblr-1726	965	47	and	and	CCONJ
cblr-1726	965	48	interconnectedness	interconnectedness	NOUN
cblr-1726	965	49	with	with	ADP
cblr-1726	965	50	the	the	DET
cblr-1726	965	51	financial	financial	ADJ
cblr-1726	965	52	systems	system	NOUN
cblr-1726	965	53	and	and	CCONJ
cblr-1726	965	54	real	real	ADJ
cblr-1726	965	55	economies	economy	NOUN
cblr-1726	965	56	in	in	ADP
cblr-1726	965	57	other	other	ADJ
cblr-1726	965	58	participating	participate	VERB
cblr-1726	965	59	jurisdictions	jurisdiction	NOUN
cblr-1726	965	60	.	.	PUNCT
cblr-1726	966	1	by	by	ADP
cblr-1726	966	2	doing	do	VERB
cblr-1726	966	3	so	so	ADV
cblr-1726	966	4	,	,	PUNCT
cblr-1726	966	5	these	these	DET
cblr-1726	966	6	central	central	ADJ
cblr-1726	966	7	banks	bank	NOUN
cblr-1726	966	8	and	and	CCONJ
cblr-1726	966	9	financial	financial	ADJ
cblr-1726	966	10	institutions	institution	NOUN
cblr-1726	966	11	would	would	AUX
cblr-1726	966	12	seek	seek	VERB
cblr-1726	966	13	to	to	PART
cblr-1726	966	14	increase	increase	VERB
cblr-1726	966	15	the	the	DET
cblr-1726	966	16	likelihood	likelihood	NOUN
cblr-1726	966	17	that	that	SCONJ
cblr-1726	966	18	any	any	DET
cblr-1726	966	19	domestic	domestic	ADJ
cblr-1726	966	20	instability	instability	NOUN
cblr-1726	966	21	would	would	AUX
cblr-1726	966	22	spill	spill	VERB
cblr-1726	966	23	over	over	ADP
cblr-1726	966	24	into	into	ADP
cblr-1726	966	25	other	other	ADJ
cblr-1726	966	26	participating	participate	VERB
cblr-1726	966	27	jurisdictions	jurisdiction	NOUN
cblr-1726	966	28	,	,	PUNCT
cblr-1726	966	29	thereby	thereby	ADV
cblr-1726	966	30	maximizing	maximize	VERB
cblr-1726	966	31	the	the	DET
cblr-1726	966	32	probability	probability	NOUN
cblr-1726	966	33	that	that	SCONJ
cblr-1726	966	34	these	these	DET
cblr-1726	966	35	jurisdictions	jurisdiction	NOUN
cblr-1726	966	36	would	would	AUX
cblr-1726	966	37	deem	deem	VERB
cblr-1726	966	38	it	it	PRON
cblr-1726	966	39	in	in	ADP
cblr-1726	966	40	their	their	PRON
cblr-1726	966	41	economic	economic	ADJ
cblr-1726	966	42	best	good	ADJ
cblr-1726	966	43	interests	interest	NOUN
cblr-1726	966	44	to	to	PART
cblr-1726	966	45	provide	provide	VERB
cblr-1726	966	46	fcla	fcla	NOUN
cblr-1726	966	47	.	.	PUNCT
cblr-1726	967	1	second	second	ADJ
cblr-1726	967	2	,	,	PUNCT
cblr-1726	967	3	the	the	DET
cblr-1726	967	4	politically	politically	ADV
cblr-1726	967	5	contingent	contingent	ADJ
cblr-1726	967	6	nature	nature	NOUN
cblr-1726	967	7	of	of	ADP
cblr-1726	967	8	the	the	DET
cblr-1726	967	9	facilities	facility	NOUN
cblr-1726	967	10	opens	open	VERB
cblr-1726	967	11	the	the	DET
cblr-1726	967	12	door	door	NOUN
cblr-1726	967	13	to	to	ADP
cblr-1726	967	14	decisions	decision	NOUN
cblr-1726	967	15	regarding	regard	VERB
cblr-1726	967	16	access	access	NOUN
cblr-1726	967	17	to	to	ADP
cblr-1726	967	18	foreign	foreign	ADJ
cblr-1726	967	19	currency	currency	NOUN
cblr-1726	967	20	liquidity	liquidity	NOUN
cblr-1726	967	21	that	that	PRON
cblr-1726	967	22	are	be	AUX
cblr-1726	967	23	motivated	motivate	VERB
cblr-1726	967	24	by	by	ADP
cblr-1726	967	25	domestic	domestic	ADJ
cblr-1726	967	26	political	political	ADJ
cblr-1726	967	27	and	and	CCONJ
cblr-1726	967	28	other	other	ADJ
cblr-1726	967	29	considerations	consideration	NOUN
cblr-1726	967	30	.	.	PUNCT
cblr-1726	968	1	as	as	SCONJ
cblr-1726	968	2	the	the	DET
cblr-1726	968	3	history	history	NOUN
cblr-1726	968	4	of	of	ADP
cblr-1726	968	5	financial	financial	ADJ
cblr-1726	968	6	crises	crisis	NOUN
cblr-1726	968	7	clearly	clearly	ADV
cblr-1726	968	8	demonstrates	demonstrate	VERB
cblr-1726	968	9	,	,	PUNCT
cblr-1726	968	10	these	these	DET
cblr-1726	968	11	234	234	NUM
cblr-1726	968	12	see	see	NOUN
cblr-1726	968	13	,	,	PUNCT
cblr-1726	968	14	e.g.	e.g.	ADV
cblr-1726	968	15	,	,	PUNCT
cblr-1726	968	16	eur	eur	ADJ
cblr-1726	968	17	.	.	PUNCT
cblr-1726	968	18	cent	cent	NOUN
cblr-1726	968	19	.	.	PUNCT
cblr-1726	969	1	bank	bank	PROPN
cblr-1726	969	2	,	,	PUNCT
cblr-1726	969	3	supra	supra	PROPN
cblr-1726	969	4	note	note	PROPN
cblr-1726	969	5	228	228	NUM
cblr-1726	969	6	,	,	PUNCT
cblr-1726	969	7	at	at	ADP
cblr-1726	969	8	37	37	NUM
cblr-1726	969	9	.	.	NOUN
cblr-1726	969	10	235	235	NUM
cblr-1726	970	1	i	i	PRON
cblr-1726	970	2	d.	d.	NOUN
cblr-1726	970	3	at	at	ADP
cblr-1726	970	4	82	82	NUM
cblr-1726	970	5	.	.	PUNCT
cblr-1726	971	1	awrey	awrey	PROPN
cblr-1726	971	2	–	–	PUNCT
cblr-1726	971	3	final	final	ADJ
cblr-1726	971	4	1006	1006	NUM
cblr-1726	971	5	columbia	columbia	PROPN
cblr-1726	971	6	business	business	NOUN
cblr-1726	971	7	law	law	PROPN
cblr-1726	971	8	review	review	NOUN
cblr-1726	972	1	[	[	X
cblr-1726	972	2	vol	vol	NOUN
cblr-1726	972	3	.	.	NOUN
cblr-1726	973	1	2017	2017	NUM
cblr-1726	973	2	decisions	decision	NOUN
cblr-1726	973	3	often	often	ADV
cblr-1726	973	4	come	come	VERB
cblr-1726	973	5	into	into	ADP
cblr-1726	973	6	conflict	conflict	NOUN
cblr-1726	973	7	with	with	ADP
cblr-1726	973	8	the	the	DET
cblr-1726	973	9	objective	objective	NOUN
cblr-1726	973	10	of	of	ADP
cblr-1726	973	11	promoting	promote	VERB
cblr-1726	973	12	global	global	ADJ
cblr-1726	973	13	financial	financial	ADJ
cblr-1726	973	14	stability.236	stability.236	PROPN
cblr-1726	973	15	the	the	DET
cblr-1726	973	16	question	question	NOUN
cblr-1726	973	17	thus	thus	ADV
cblr-1726	973	18	becomes	become	VERB
cblr-1726	973	19	how	how	SCONJ
cblr-1726	973	20	to	to	PART
cblr-1726	973	21	make	make	VERB
cblr-1726	973	22	the	the	DET
cblr-1726	973	23	standing	stand	VERB
cblr-1726	973	24	facilities	facility	NOUN
cblr-1726	973	25	more	more	ADV
cblr-1726	973	26	credible	credible	ADJ
cblr-1726	973	27	and	and	CCONJ
cblr-1726	973	28	effective	effective	ADJ
cblr-1726	973	29	sources	source	NOUN
cblr-1726	973	30	of	of	ADP
cblr-1726	973	31	fcla	fcla	NOUN
cblr-1726	973	32	.	.	PUNCT
cblr-1726	974	1	the	the	DET
cblr-1726	974	2	first	first	ADJ
cblr-1726	974	3	step	step	NOUN
cblr-1726	974	4	would	would	AUX
cblr-1726	974	5	be	be	AUX
cblr-1726	974	6	to	to	PART
cblr-1726	974	7	place	place	VERB
cblr-1726	974	8	access	access	NOUN
cblr-1726	974	9	to	to	ADP
cblr-1726	974	10	the	the	DET
cblr-1726	974	11	standing	stand	VERB
cblr-1726	974	12	facilities	facility	NOUN
cblr-1726	974	13	on	on	ADP
cblr-1726	974	14	more	more	ADV
cblr-1726	974	15	certain	certain	ADJ
cblr-1726	974	16	legal	legal	ADJ
cblr-1726	974	17	footing	footing	NOUN
cblr-1726	974	18	.	.	PUNCT
cblr-1726	975	1	some	some	DET
cblr-1726	975	2	observers	observer	NOUN
cblr-1726	975	3	have	have	AUX
cblr-1726	975	4	gone	go	VERB
cblr-1726	975	5	as	as	ADV
cblr-1726	975	6	far	far	ADV
cblr-1726	975	7	as	as	ADP
cblr-1726	975	8	suggesting	suggest	VERB
cblr-1726	975	9	that	that	SCONJ
cblr-1726	975	10	the	the	DET
cblr-1726	975	11	mandate	mandate	NOUN
cblr-1726	975	12	of	of	ADP
cblr-1726	975	13	the	the	DET
cblr-1726	975	14	federal	federal	PROPN
cblr-1726	975	15	reserve	reserve	PROPN
cblr-1726	975	16	should	should	AUX
cblr-1726	975	17	be	be	AUX
cblr-1726	975	18	formally	formally	ADV
cblr-1726	975	19	amended	amend	VERB
cblr-1726	975	20	to	to	PART
cblr-1726	975	21	reflect	reflect	VERB
cblr-1726	975	22	its	its	PRON
cblr-1726	975	23	de	de	X
cblr-1726	975	24	facto	facto	X
cblr-1726	975	25	role	role	NOUN
cblr-1726	975	26	as	as	ADP
cblr-1726	975	27	global	global	ADJ
cblr-1726	975	28	lender	lender	NOUN
cblr-1726	975	29	of	of	ADP
cblr-1726	975	30	last	last	ADJ
cblr-1726	975	31	resort.237	resort.237	PROPN
cblr-1726	975	32	a	a	DET
cblr-1726	975	33	related	relate	VERB
cblr-1726	975	34	,	,	PUNCT
cblr-1726	975	35	and	and	CCONJ
cblr-1726	975	36	ultimately	ultimately	ADV
cblr-1726	975	37	complementary	complementary	ADJ
cblr-1726	975	38	,	,	PUNCT
cblr-1726	975	39	proposal	proposal	NOUN
cblr-1726	975	40	would	would	AUX
cblr-1726	975	41	be	be	AUX
cblr-1726	975	42	to	to	PART
cblr-1726	975	43	introduce	introduce	VERB
cblr-1726	975	44	formal	formal	ADJ
cblr-1726	975	45	,	,	PUNCT
cblr-1726	975	46	binding	bind	VERB
cblr-1726	975	47	,	,	PUNCT
cblr-1726	975	48	ex	ex	NOUN
cblr-1726	975	49	ante	ante	NOUN
cblr-1726	975	50	qualifications	qualification	NOUN
cblr-1726	975	51	for	for	ADP
cblr-1726	975	52	jurisdictions	jurisdiction	NOUN
cblr-1726	975	53	seeking	seek	VERB
cblr-1726	975	54	access	access	NOUN
cblr-1726	975	55	to	to	ADP
cblr-1726	975	56	fcla	fcla	NOUN
cblr-1726	975	57	.	.	PUNCT
cblr-1726	976	1	these	these	DET
cblr-1726	976	2	qualifications	qualification	NOUN
cblr-1726	976	3	could	could	AUX
cblr-1726	976	4	reflect	reflect	VERB
cblr-1726	976	5	the	the	DET
cblr-1726	976	6	size	size	NOUN
cblr-1726	976	7	of	of	ADP
cblr-1726	976	8	a	a	DET
cblr-1726	976	9	jurisdiction	jurisdiction	NOUN
cblr-1726	976	10	’s	’s	PART
cblr-1726	976	11	domestic	domestic	ADJ
cblr-1726	976	12	economy	economy	NOUN
cblr-1726	976	13	,	,	PUNCT
cblr-1726	976	14	its	its	PRON
cblr-1726	976	15	structural	structural	ADJ
cblr-1726	976	16	interconnectedness	interconnectedness	NOUN
cblr-1726	976	17	with	with	ADP
cblr-1726	976	18	the	the	DET
cblr-1726	976	19	global	global	ADJ
cblr-1726	976	20	financial	financial	ADJ
cblr-1726	976	21	system	system	NOUN
cblr-1726	976	22	,	,	PUNCT
cblr-1726	976	23	whether	whether	SCONJ
cblr-1726	976	24	it	it	PRON
cblr-1726	976	25	was	be	AUX
cblr-1726	976	26	a	a	DET
cblr-1726	976	27	major	major	ADJ
cblr-1726	976	28	international	international	ADJ
cblr-1726	976	29	financial	financial	ADJ
cblr-1726	976	30	center	center	NOUN
cblr-1726	976	31	,	,	PUNCT
cblr-1726	976	32	and	and	CCONJ
cblr-1726	976	33	whether	whether	SCONJ
cblr-1726	976	34	it	it	PRON
cblr-1726	976	35	otherwise	otherwise	ADV
cblr-1726	976	36	posed	pose	VERB
cblr-1726	976	37	a	a	DET
cblr-1726	976	38	threat	threat	NOUN
cblr-1726	976	39	to	to	ADP
cblr-1726	976	40	the	the	DET
cblr-1726	976	41	financial	financial	ADJ
cblr-1726	976	42	stability	stability	NOUN
cblr-1726	976	43	of	of	ADP
cblr-1726	976	44	the	the	DET
cblr-1726	976	45	jurisdiction	jurisdiction	NOUN
cblr-1726	976	46	providing	provide	VERB
cblr-1726	976	47	fcla.238	fcla.238	NOUN
cblr-1726	976	48	once	once	ADV
cblr-1726	976	49	qualified	qualified	ADJ
cblr-1726	976	50	,	,	PUNCT
cblr-1726	976	51	the	the	DET
cblr-1726	976	52	extension	extension	NOUN
cblr-1726	976	53	of	of	ADP
cblr-1726	976	54	fcla	fcla	NOUN
cblr-1726	976	55	to	to	ADP
cblr-1726	976	56	these	these	DET
cblr-1726	976	57	jurisdictions	jurisdiction	NOUN
cblr-1726	976	58	could	could	AUX
cblr-1726	976	59	then	then	ADV
cblr-1726	976	60	be	be	AUX
cblr-1726	976	61	made	make	VERB
cblr-1726	976	62	contingent	contingent	ADJ
cblr-1726	976	63	on	on	ADP
cblr-1726	976	64	observable	observable	ADJ
cblr-1726	976	65	and	and	CCONJ
cblr-1726	976	66	objective	objective	ADJ
cblr-1726	976	67	metrics	metric	NOUN
cblr-1726	976	68	of	of	ADP
cblr-1726	976	69	market	market	NOUN
cblr-1726	976	70	disruption	disruption	NOUN
cblr-1726	976	71	or	or	CCONJ
cblr-1726	976	72	financial	financial	ADJ
cblr-1726	976	73	instability	instability	NOUN
cblr-1726	976	74	.	.	PUNCT
cblr-1726	977	1	potentially	potentially	ADV
cblr-1726	977	2	useful	useful	ADJ
cblr-1726	977	3	metrics	metric	NOUN
cblr-1726	977	4	include	include	VERB
cblr-1726	977	5	basis	basis	NOUN
cblr-1726	977	6	swap	swap	NOUN
cblr-1726	977	7	spreads	spread	NOUN
cblr-1726	977	8	(	(	PUNCT
cblr-1726	977	9	which	which	PRON
cblr-1726	977	10	,	,	PUNCT
cblr-1726	977	11	as	as	SCONJ
cblr-1726	977	12	we	we	PRON
cblr-1726	977	13	have	have	AUX
cblr-1726	977	14	seen	see	VERB
cblr-1726	977	15	,	,	PUNCT
cblr-1726	977	16	are	be	AUX
cblr-1726	977	17	a	a	DET
cblr-1726	977	18	barometer	barometer	NOUN
cblr-1726	977	19	for	for	ADP
cblr-1726	977	20	foreign	foreign	ADJ
cblr-1726	977	21	currency	currency	NOUN
cblr-1726	977	22	funding	funding	NOUN
cblr-1726	977	23	pressures	pressure	NOUN
cblr-1726	977	24	)	)	PUNCT
cblr-1726	977	25	and	and	CCONJ
cblr-1726	977	26	the	the	DET
cblr-1726	977	27	libor	libor	PROPN
cblr-1726	977	28	-	-	PUNCT
cblr-1726	977	29	ois	ois	PROPN
cblr-1726	977	30	spread	spread	NOUN
cblr-1726	977	31	(	(	PUNCT
cblr-1726	977	32	a	a	DET
cblr-1726	977	33	key	key	ADJ
cblr-1726	977	34	barometer	barometer	NOUN
cblr-1726	977	35	of	of	ADP
cblr-1726	977	36	perceptions	perception	NOUN
cblr-1726	977	37	of	of	ADP
cblr-1726	977	38	counterparty	counterparty	NOUN
cblr-1726	977	39	credit	credit	NOUN
cblr-1726	977	40	risk	risk	NOUN
cblr-1726	977	41	within	within	ADP
cblr-1726	977	42	wholesale	wholesale	ADJ
cblr-1726	977	43	funding	funding	NOUN
cblr-1726	977	44	markets	market	NOUN
cblr-1726	977	45	)	)	PUNCT
cblr-1726	977	46	.	.	PUNCT
cblr-1726	978	1	where	where	SCONJ
cblr-1726	978	2	these	these	DET
cblr-1726	978	3	spreads	spread	NOUN
cblr-1726	978	4	exceed	exceed	VERB
cblr-1726	978	5	specified	specify	VERB
cblr-1726	978	6	thresholds	threshold	NOUN
cblr-1726	978	7	,	,	PUNCT
cblr-1726	978	8	this	this	PRON
cblr-1726	978	9	could	could	AUX
cblr-1726	978	10	be	be	AUX
cblr-1726	978	11	236	236	NUM
cblr-1726	978	12	for	for	ADP
cblr-1726	978	13	examples	example	NOUN
cblr-1726	978	14	from	from	ADP
cblr-1726	978	15	the	the	DET
cblr-1726	978	16	1920s	1920	NOUN
cblr-1726	978	17	and	and	CCONJ
cblr-1726	978	18	1930s	1930	NOUN
cblr-1726	978	19	,	,	PUNCT
cblr-1726	978	20	see	see	VERB
cblr-1726	978	21	liaquat	liaquat	PROPN
cblr-1726	978	22	ahamed	ahamed	PROPN
cblr-1726	978	23	,	,	PUNCT
cblr-1726	978	24	lords	lord	NOUN
cblr-1726	978	25	of	of	ADP
cblr-1726	978	26	finance	finance	NOUN
cblr-1726	978	27	:	:	PUNCT
cblr-1726	978	28	the	the	DET
cblr-1726	978	29	bankers	banker	NOUN
cblr-1726	978	30	who	who	PRON
cblr-1726	978	31	broke	break	VERB
cblr-1726	978	32	the	the	DET
cblr-1726	978	33	world	world	NOUN
cblr-1726	978	34	(	(	PUNCT
cblr-1726	978	35	2009	2009	NUM
cblr-1726	978	36	)	)	PUNCT
cblr-1726	978	37	.	.	PUNCT
cblr-1726	979	1	over	over	ADP
cblr-1726	979	2	its	its	PRON
cblr-1726	979	3	history	history	NOUN
cblr-1726	979	4	,	,	PUNCT
cblr-1726	979	5	even	even	ADV
cblr-1726	979	6	the	the	DET
cblr-1726	979	7	federal	federal	PROPN
cblr-1726	979	8	reserve	reserve	PROPN
cblr-1726	979	9	has	have	AUX
cblr-1726	979	10	not	not	PART
cblr-1726	979	11	been	be	AUX
cblr-1726	979	12	immune	immune	ADJ
cblr-1726	979	13	to	to	ADP
cblr-1726	979	14	oscillations	oscillation	NOUN
cblr-1726	979	15	in	in	ADP
cblr-1726	979	16	its	its	PRON
cblr-1726	979	17	approach	approach	NOUN
cblr-1726	979	18	towards	towards	ADP
cblr-1726	979	19	the	the	DET
cblr-1726	979	20	maintenance	maintenance	NOUN
cblr-1726	979	21	of	of	ADP
cblr-1726	979	22	international	international	ADJ
cblr-1726	979	23	financial	financial	ADJ
cblr-1726	979	24	stability	stability	NOUN
cblr-1726	979	25	.	.	PUNCT
cblr-1726	980	1	see	see	VERB
cblr-1726	980	2	peter	peter	PROPN
cblr-1726	980	3	conti	conti	PROPN
cblr-1726	980	4	-	-	PROPN
cblr-1726	980	5	brown	brown	ADJ
cblr-1726	980	6	&	&	CCONJ
cblr-1726	980	7	david	david	PROPN
cblr-1726	980	8	zaring	zaring	PROPN
cblr-1726	980	9	,	,	PUNCT
cblr-1726	980	10	foreign	foreign	ADJ
cblr-1726	980	11	affairs	affair	NOUN
cblr-1726	980	12	and	and	CCONJ
cblr-1726	980	13	the	the	DET
cblr-1726	980	14	federal	federal	PROPN
cblr-1726	980	15	reserve	reserve	PROPN
cblr-1726	980	16	,	,	PUNCT
cblr-1726	980	17	(	(	PUNCT
cblr-1726	980	18	american	american	ADJ
cblr-1726	980	19	soc’y	soc’y	NOUN
cblr-1726	980	20	of	of	ADP
cblr-1726	980	21	int’l	int’l	NUM
cblr-1726	980	22	law	law	NOUN
cblr-1726	980	23	int’l	int’l	NOUN
cblr-1726	980	24	econ	econ	PROPN
cblr-1726	980	25	.	.	PUNCT
cblr-1726	981	1	law	law	NOUN
cblr-1726	981	2	,	,	PUNCT
cblr-1726	981	3	working	working	NOUN
cblr-1726	981	4	paper	paper	NOUN
cblr-1726	981	5	,	,	PUNCT
cblr-1726	981	6	2016	2016	NUM
cblr-1726	981	7	)	)	PUNCT
cblr-1726	981	8	(	(	PUNCT
cblr-1726	981	9	on	on	ADP
cblr-1726	981	10	file	file	NOUN
cblr-1726	981	11	with	with	ADP
cblr-1726	981	12	author	author	NOUN
cblr-1726	981	13	)	)	PUNCT
cblr-1726	981	14	(	(	PUNCT
cblr-1726	981	15	describing	describe	VERB
cblr-1726	981	16	the	the	DET
cblr-1726	981	17	fed	fed	PROPN
cblr-1726	981	18	’s	’s	PART
cblr-1726	981	19	oscillation	oscillation	NOUN
cblr-1726	981	20	between	between	ADP
cblr-1726	981	21	a	a	DET
cblr-1726	981	22	“	"	PUNCT
cblr-1726	981	23	cosmopolitan	cosmopolitan	ADJ
cblr-1726	981	24	”	"	PUNCT
cblr-1726	981	25	and	and	CCONJ
cblr-1726	981	26	“	"	PUNCT
cblr-1726	981	27	isolationist	isolationist	ADJ
cblr-1726	981	28	”	"	PUNCT
cblr-1726	981	29	approach	approach	NOUN
cblr-1726	981	30	to	to	ADP
cblr-1726	981	31	foreign	foreign	ADJ
cblr-1726	981	32	affairs	affair	NOUN
cblr-1726	981	33	)	)	PUNCT
cblr-1726	981	34	.	.	PUNCT
cblr-1726	982	1	237	237	NUM
cblr-1726	982	2	see	see	VERB
cblr-1726	982	3	steil	steil	PROPN
cblr-1726	982	4	&	&	CCONJ
cblr-1726	982	5	hinds	hinds	PROPN
cblr-1726	982	6	,	,	PUNCT
cblr-1726	982	7	supra	supra	PROPN
cblr-1726	982	8	note	note	NOUN
cblr-1726	982	9	10	10	NUM
cblr-1726	982	10	,	,	PUNCT
cblr-1726	982	11	at	at	ADP
cblr-1726	982	12	246	246	NUM
cblr-1726	982	13	(	(	PUNCT
cblr-1726	982	14	“	"	PUNCT
cblr-1726	982	15	the	the	DET
cblr-1726	982	16	best	good	ADJ
cblr-1726	982	17	hope	hope	NOUN
cblr-1726	982	18	for	for	ADP
cblr-1726	982	19	salvaging	salvage	VERB
cblr-1726	982	20	financial	financial	ADJ
cblr-1726	982	21	globalization	globalization	NOUN
cblr-1726	982	22	,	,	PUNCT
cblr-1726	982	23	then	then	ADV
cblr-1726	982	24	,	,	PUNCT
cblr-1726	982	25	is	be	AUX
cblr-1726	982	26	a	a	DET
cblr-1726	982	27	renewed	renew	VERB
cblr-1726	982	28	statutory	statutory	ADJ
cblr-1726	982	29	framework	framework	NOUN
cblr-1726	982	30	for	for	ADP
cblr-1726	982	31	the	the	DET
cblr-1726	982	32	fed	fed	PROPN
cblr-1726	982	33	,	,	PUNCT
cblr-1726	982	34	one	one	NUM
cblr-1726	982	35	which	which	PRON
cblr-1726	982	36	explicitly	explicitly	ADV
cblr-1726	982	37	acknowledges	acknowledge	VERB
cblr-1726	982	38	the	the	DET
cblr-1726	982	39	global	global	ADJ
cblr-1726	982	40	role	role	NOUN
cblr-1726	982	41	of	of	ADP
cblr-1726	982	42	the	the	DET
cblr-1726	982	43	dollar	dollar	NOUN
cblr-1726	982	44	and	and	CCONJ
cblr-1726	982	45	the	the	DET
cblr-1726	982	46	dependence	dependence	NOUN
cblr-1726	982	47	of	of	ADP
cblr-1726	982	48	the	the	DET
cblr-1726	982	49	u.s	u.s	PROPN
cblr-1726	982	50	.	.	PROPN
cblr-1726	982	51	economy	economy	NOUN
cblr-1726	982	52	on	on	ADP
cblr-1726	982	53	foreign	foreign	ADJ
cblr-1726	982	54	confidence	confidence	NOUN
cblr-1726	982	55	in	in	ADP
cblr-1726	982	56	it	it	PRON
cblr-1726	982	57	.	.	PUNCT
cblr-1726	982	58	”	"	PUNCT
cblr-1726	982	59	)	)	PUNCT
cblr-1726	982	60	.	.	PUNCT
cblr-1726	983	1	238	238	NUM
cblr-1726	983	2	these	these	DET
cblr-1726	983	3	factors	factor	NOUN
cblr-1726	983	4	were	be	AUX
cblr-1726	983	5	notably	notably	ADV
cblr-1726	983	6	taken	take	VERB
cblr-1726	983	7	into	into	ADP
cblr-1726	983	8	consideration	consideration	NOUN
cblr-1726	983	9	by	by	ADP
cblr-1726	983	10	the	the	DET
cblr-1726	983	11	federal	federal	ADJ
cblr-1726	983	12	open	open	ADJ
cblr-1726	983	13	market	market	NOUN
cblr-1726	983	14	committee	committee	NOUN
cblr-1726	983	15	in	in	ADP
cblr-1726	983	16	determining	determine	VERB
cblr-1726	983	17	which	which	DET
cblr-1726	983	18	jurisdictions	jurisdiction	NOUN
cblr-1726	983	19	would	would	AUX
cblr-1726	983	20	receive	receive	VERB
cblr-1726	983	21	central	central	PROPN
cblr-1726	983	22	bank	bank	PROPN
cblr-1726	983	23	swap	swap	NOUN
cblr-1726	983	24	lines	line	NOUN
cblr-1726	983	25	during	during	ADP
cblr-1726	983	26	the	the	DET
cblr-1726	983	27	crisis	crisis	NOUN
cblr-1726	983	28	.	.	PUNCT
cblr-1726	984	1	see	see	VERB
cblr-1726	984	2	minutes	minute	NOUN
cblr-1726	984	3	of	of	ADP
cblr-1726	984	4	the	the	DET
cblr-1726	984	5	federal	federal	ADJ
cblr-1726	984	6	open	open	ADJ
cblr-1726	984	7	market	market	NOUN
cblr-1726	984	8	committee	committee	NOUN
cblr-1726	984	9	meeting	meeting	NOUN
cblr-1726	984	10	,	,	PUNCT
cblr-1726	984	11	supra	supra	PROPN
cblr-1726	984	12	note	note	PROPN
cblr-1726	984	13	224	224	NUM
cblr-1726	984	14	,	,	PUNCT
cblr-1726	984	15	at	at	ADP
cblr-1726	984	16	10	10	NUM
cblr-1726	984	17	.	.	PUNCT
cblr-1726	985	1	awrey	awrey	PROPN
cblr-1726	985	2	–	–	PUNCT
cblr-1726	985	3	final	final	ADJ
cblr-1726	985	4	no	no	NOUN
cblr-1726	985	5	.	.	PUNCT
cblr-1726	986	1	3:934	3:934	X
cblr-1726	986	2	]	]	X
cblr-1726	986	3	foreign	foreign	ADJ
cblr-1726	986	4	currency	currency	NOUN
cblr-1726	986	5	liquidity	liquidity	NOUN
cblr-1726	986	6	assistance	assistance	NOUN
cblr-1726	986	7	1007	1007	NUM
cblr-1726	986	8	deemed	deem	VERB
cblr-1726	986	9	to	to	PART
cblr-1726	986	10	constitute	constitute	VERB
cblr-1726	986	11	evidence	evidence	NOUN
cblr-1726	986	12	of	of	ADP
cblr-1726	986	13	financial	financial	ADJ
cblr-1726	986	14	instability	instability	NOUN
cblr-1726	986	15	,	,	PUNCT
cblr-1726	986	16	thereby	thereby	ADV
cblr-1726	986	17	enabling	enable	VERB
cblr-1726	986	18	the	the	DET
cblr-1726	986	19	fed	fed	PROPN
cblr-1726	986	20	and	and	CCONJ
cblr-1726	986	21	other	other	ADJ
cblr-1726	986	22	participating	participate	VERB
cblr-1726	986	23	central	central	ADJ
cblr-1726	986	24	banks	bank	NOUN
cblr-1726	986	25	to	to	PART
cblr-1726	986	26	extend	extend	VERB
cblr-1726	986	27	fcla	fcla	NOUN
cblr-1726	986	28	in	in	ADP
cblr-1726	986	29	accordance	accordance	NOUN
cblr-1726	986	30	with	with	ADP
cblr-1726	986	31	their	their	PRON
cblr-1726	986	32	statutory	statutory	ADJ
cblr-1726	986	33	mandates	mandate	NOUN
cblr-1726	986	34	.	.	PUNCT
cblr-1726	987	1	in	in	ADP
cblr-1726	987	2	exchange	exchange	NOUN
cblr-1726	987	3	for	for	ADP
cblr-1726	987	4	this	this	DET
cblr-1726	987	5	more	more	ADV
cblr-1726	987	6	certain	certain	ADJ
cblr-1726	987	7	commitment	commitment	NOUN
cblr-1726	987	8	to	to	PART
cblr-1726	987	9	provide	provide	VERB
cblr-1726	987	10	fcla	fcla	NOUN
cblr-1726	987	11	,	,	PUNCT
cblr-1726	987	12	the	the	DET
cblr-1726	987	13	second	second	ADJ
cblr-1726	987	14	step	step	NOUN
cblr-1726	987	15	would	would	AUX
cblr-1726	987	16	be	be	AUX
cblr-1726	987	17	to	to	PART
cblr-1726	987	18	require	require	VERB
cblr-1726	987	19	qualifying	qualify	VERB
cblr-1726	987	20	jurisdictions	jurisdiction	NOUN
cblr-1726	987	21	to	to	PART
cblr-1726	987	22	agree	agree	VERB
cblr-1726	987	23	to	to	ADP
cblr-1726	987	24	a	a	DET
cblr-1726	987	25	binding	bind	VERB
cblr-1726	987	26	framework	framework	NOUN
cblr-1726	987	27	governing	govern	VERB
cblr-1726	987	28	the	the	DET
cblr-1726	987	29	terms	term	NOUN
cblr-1726	987	30	upon	upon	SCONJ
cblr-1726	987	31	which	which	DET
cblr-1726	987	32	fcla	fcla	NOUN
cblr-1726	987	33	would	would	AUX
cblr-1726	987	34	be	be	AUX
cblr-1726	987	35	extended	extend	VERB
cblr-1726	987	36	to	to	ADP
cblr-1726	987	37	domestic	domestic	ADJ
cblr-1726	987	38	banks	bank	NOUN
cblr-1726	987	39	and	and	CCONJ
cblr-1726	987	40	other	other	ADJ
cblr-1726	987	41	financial	financial	ADJ
cblr-1726	987	42	institutions	institution	NOUN
cblr-1726	987	43	.	.	PUNCT
cblr-1726	988	1	the	the	DET
cblr-1726	988	2	framework	framework	NOUN
cblr-1726	988	3	could	could	AUX
cblr-1726	988	4	articulate	articulate	VERB
cblr-1726	988	5	,	,	PUNCT
cblr-1726	988	6	for	for	ADP
cblr-1726	988	7	example	example	NOUN
cblr-1726	988	8	,	,	PUNCT
cblr-1726	988	9	which	which	DET
cblr-1726	988	10	types	type	NOUN
cblr-1726	988	11	of	of	ADP
cblr-1726	988	12	financial	financial	ADJ
cblr-1726	988	13	institutions	institution	NOUN
cblr-1726	988	14	would	would	AUX
cblr-1726	988	15	be	be	AUX
cblr-1726	988	16	eligible	eligible	ADJ
cblr-1726	988	17	to	to	PART
cblr-1726	988	18	receive	receive	VERB
cblr-1726	988	19	fcla	fcla	NOUN
cblr-1726	988	20	,	,	PUNCT
cblr-1726	988	21	the	the	DET
cblr-1726	988	22	categories	category	NOUN
cblr-1726	988	23	of	of	ADP
cblr-1726	988	24	collateral	collateral	NOUN
cblr-1726	988	25	that	that	PRON
cblr-1726	988	26	could	could	AUX
cblr-1726	988	27	be	be	AUX
cblr-1726	988	28	pledged	pledge	VERB
cblr-1726	988	29	,	,	PUNCT
cblr-1726	988	30	and	and	CCONJ
cblr-1726	988	31	the	the	DET
cblr-1726	988	32	haircuts	haircut	NOUN
cblr-1726	988	33	imposed	impose	VERB
cblr-1726	988	34	on	on	ADP
cblr-1726	988	35	each	each	DET
cblr-1726	988	36	category	category	NOUN
cblr-1726	988	37	of	of	ADP
cblr-1726	988	38	collateral	collateral	NOUN
cblr-1726	988	39	.	.	PUNCT
cblr-1726	989	1	qualifying	qualify	VERB
cblr-1726	989	2	jurisdictions	jurisdiction	NOUN
cblr-1726	989	3	could	could	AUX
cblr-1726	989	4	also	also	ADV
cblr-1726	989	5	undertake	undertake	VERB
cblr-1726	989	6	to	to	PART
cblr-1726	989	7	ensure	ensure	VERB
cblr-1726	989	8	that	that	SCONJ
cblr-1726	989	9	short	short	ADJ
cblr-1726	989	10	-	-	PUNCT
cblr-1726	989	11	term	term	NOUN
cblr-1726	989	12	foreign	foreign	ADJ
cblr-1726	989	13	currency	currency	NOUN
cblr-1726	989	14	liabilities	liability	NOUN
cblr-1726	989	15	issued	issue	VERB
cblr-1726	989	16	by	by	ADP
cblr-1726	989	17	domestic	domestic	ADJ
cblr-1726	989	18	financial	financial	ADJ
cblr-1726	989	19	institutions	institution	NOUN
cblr-1726	989	20	were	be	AUX
cblr-1726	989	21	subject	subject	ADJ
cblr-1726	989	22	to	to	ADP
cblr-1726	989	23	the	the	DET
cblr-1726	989	24	same	same	ADJ
cblr-1726	989	25	reserve	reserve	NOUN
cblr-1726	989	26	ratios	ratio	NOUN
cblr-1726	989	27	as	as	ADP
cblr-1726	989	28	the	the	DET
cblr-1726	989	29	equivalent	equivalent	ADJ
cblr-1726	989	30	liabilities	liability	NOUN
cblr-1726	989	31	in	in	ADP
cblr-1726	989	32	the	the	DET
cblr-1726	989	33	jurisdiction	jurisdiction	NOUN
cblr-1726	989	34	that	that	PRON
cblr-1726	989	35	issued	issue	VERB
cblr-1726	989	36	the	the	DET
cblr-1726	989	37	relevant	relevant	ADJ
cblr-1726	989	38	currency	currency	NOUN
cblr-1726	989	39	.	.	PUNCT
cblr-1726	990	1	they	they	PRON
cblr-1726	990	2	could	could	AUX
cblr-1726	990	3	also	also	ADV
cblr-1726	990	4	agree	agree	VERB
cblr-1726	990	5	to	to	PART
cblr-1726	990	6	impose	impose	VERB
cblr-1726	990	7	currency	currency	NOUN
cblr-1726	990	8	-	-	PUNCT
cblr-1726	990	9	specific	specific	ADJ
cblr-1726	990	10	liquidity	liquidity	NOUN
cblr-1726	990	11	coverage	coverage	NOUN
cblr-1726	990	12	ratios	ratio	NOUN
cblr-1726	990	13	designed	design	VERB
cblr-1726	990	14	to	to	PART
cblr-1726	990	15	ensure	ensure	VERB
cblr-1726	990	16	that	that	SCONJ
cblr-1726	990	17	domestic	domestic	ADJ
cblr-1726	990	18	financial	financial	ADJ
cblr-1726	990	19	institutions	institution	NOUN
cblr-1726	990	20	held	hold	VERB
cblr-1726	990	21	a	a	DET
cblr-1726	990	22	sufficient	sufficient	ADJ
cblr-1726	990	23	stock	stock	NOUN
cblr-1726	990	24	of	of	ADP
cblr-1726	990	25	high	high	ADJ
cblr-1726	990	26	quality	quality	NOUN
cblr-1726	990	27	liquid	liquid	ADJ
cblr-1726	990	28	assets	asset	NOUN
cblr-1726	990	29	denominated	denominate	VERB
cblr-1726	990	30	in	in	ADP
cblr-1726	990	31	the	the	DET
cblr-1726	990	32	relevant	relevant	ADJ
cblr-1726	990	33	currency	currency	NOUN
cblr-1726	990	34	to	to	PART
cblr-1726	990	35	be	be	AUX
cblr-1726	990	36	able	able	ADJ
cblr-1726	990	37	to	to	PART
cblr-1726	990	38	meet	meet	VERB
cblr-1726	990	39	expected	expect	VERB
cblr-1726	990	40	outflows	outflow	NOUN
cblr-1726	990	41	in	in	ADP
cblr-1726	990	42	the	the	DET
cblr-1726	990	43	event	event	NOUN
cblr-1726	990	44	of	of	ADP
cblr-1726	990	45	a	a	DET
cblr-1726	990	46	hypothetical	hypothetical	ADJ
cblr-1726	990	47	thirty	thirty	NUM
cblr-1726	990	48	-	-	PUNCT
cblr-1726	990	49	day	day	NOUN
cblr-1726	990	50	stress	stress	NOUN
cblr-1726	990	51	scenario.239	scenario.239	PROPN
cblr-1726	990	52	the	the	DET
cblr-1726	990	53	primary	primary	ADJ
cblr-1726	990	54	thrust	thrust	NOUN
cblr-1726	990	55	of	of	ADP
cblr-1726	990	56	these	these	DET
cblr-1726	990	57	requirements	requirement	NOUN
cblr-1726	990	58	would	would	AUX
cblr-1726	990	59	be	be	AUX
cblr-1726	990	60	to	to	PART
cblr-1726	990	61	eliminate	eliminate	VERB
cblr-1726	990	62	the	the	DET
cblr-1726	990	63	distortions	distortion	NOUN
cblr-1726	990	64	created	create	VERB
cblr-1726	990	65	by	by	ADP
cblr-1726	990	66	substantive	substantive	ADJ
cblr-1726	990	67	differences	difference	NOUN
cblr-1726	990	68	in	in	ADP
cblr-1726	990	69	ela	ela	PROPN
cblr-1726	990	70	and	and	CCONJ
cblr-1726	990	71	prudential	prudential	ADJ
cblr-1726	990	72	regulatory	regulatory	ADJ
cblr-1726	990	73	regimes	regime	NOUN
cblr-1726	990	74	across	across	ADP
cblr-1726	990	75	jurisdictions	jurisdiction	NOUN
cblr-1726	990	76	,	,	PUNCT
cblr-1726	990	77	constrain	constrain	VERB
cblr-1726	990	78	the	the	DET
cblr-1726	990	79	build	build	NOUN
cblr-1726	990	80	-	-	PUNCT
cblr-1726	990	81	up	up	NOUN
cblr-1726	990	82	of	of	ADP
cblr-1726	990	83	foreign	foreign	ADJ
cblr-1726	990	84	currency	currency	NOUN
cblr-1726	990	85	mismatches	mismatch	NOUN
cblr-1726	990	86	,	,	PUNCT
cblr-1726	990	87	and	and	CCONJ
cblr-1726	990	88	alleviate	alleviate	VERB
cblr-1726	990	89	the	the	DET
cblr-1726	990	90	pressure	pressure	NOUN
cblr-1726	990	91	on	on	ADP
cblr-1726	990	92	financial	financial	ADJ
cblr-1726	990	93	institutions	institution	NOUN
cblr-1726	990	94	to	to	PART
cblr-1726	990	95	sell	sell	VERB
cblr-1726	990	96	foreign	foreign	ADJ
cblr-1726	990	97	currency	currency	NOUN
cblr-1726	990	98	assets	asset	NOUN
cblr-1726	990	99	during	during	ADP
cblr-1726	990	100	periods	period	NOUN
cblr-1726	990	101	of	of	ADP
cblr-1726	990	102	market	market	NOUN
cblr-1726	990	103	disruption.240	disruption.240	NOUN
cblr-1726	990	104	the	the	DET
cblr-1726	990	105	third	third	ADJ
cblr-1726	990	106	step	step	NOUN
cblr-1726	990	107	would	would	AUX
cblr-1726	990	108	be	be	AUX
cblr-1726	990	109	to	to	PART
cblr-1726	990	110	introduce	introduce	VERB
cblr-1726	990	111	a	a	DET
cblr-1726	990	112	fee	fee	NOUN
cblr-1726	990	113	structure	structure	NOUN
cblr-1726	990	114	that	that	PRON
cblr-1726	990	115	better	well	ADV
cblr-1726	990	116	reflected	reflect	VERB
cblr-1726	990	117	the	the	DET
cblr-1726	990	118	role	role	NOUN
cblr-1726	990	119	of	of	ADP
cblr-1726	990	120	the	the	DET
cblr-1726	990	121	standing	stand	VERB
cblr-1726	990	122	facilities	facility	NOUN
cblr-1726	990	123	as	as	ADP
cblr-1726	990	124	a	a	DET
cblr-1726	990	125	form	form	NOUN
cblr-1726	990	126	of	of	ADP
cblr-1726	990	127	liquidity	liquidity	NOUN
cblr-1726	990	128	insurance	insurance	NOUN
cblr-1726	990	129	.	.	PUNCT
cblr-1726	991	1	the	the	DET
cblr-1726	991	2	role	role	NOUN
cblr-1726	991	3	of	of	ADP
cblr-1726	991	4	fcla	fcla	NOUN
cblr-1726	991	5	as	as	ADP
cblr-1726	991	6	a	a	DET
cblr-1726	991	7	form	form	NOUN
cblr-1726	991	8	of	of	ADP
cblr-1726	991	9	insurance	insurance	NOUN
cblr-1726	991	10	239	239	NUM
cblr-1726	991	11	indeed	indeed	ADV
cblr-1726	991	12	,	,	PUNCT
cblr-1726	991	13	the	the	DET
cblr-1726	991	14	european	european	ADJ
cblr-1726	991	15	systemic	systemic	ADJ
cblr-1726	991	16	risk	risk	NOUN
cblr-1726	991	17	board	board	NOUN
cblr-1726	991	18	has	have	AUX
cblr-1726	991	19	encouraged	encourage	VERB
cblr-1726	991	20	the	the	DET
cblr-1726	991	21	competent	competent	ADJ
cblr-1726	991	22	authorities	authority	NOUN
cblr-1726	991	23	within	within	ADP
cblr-1726	991	24	eu	eu	PROPN
cblr-1726	991	25	member	member	PROPN
cblr-1726	991	26	states	state	NOUN
cblr-1726	991	27	to	to	PART
cblr-1726	991	28	monitor	monitor	VERB
cblr-1726	991	29	liquidity	liquidity	NOUN
cblr-1726	991	30	risks	risk	NOUN
cblr-1726	991	31	associated	associate	VERB
cblr-1726	991	32	with	with	ADP
cblr-1726	991	33	foreign	foreign	ADJ
cblr-1726	991	34	currency	currency	NOUN
cblr-1726	991	35	assets	asset	NOUN
cblr-1726	991	36	and	and	CCONJ
cblr-1726	991	37	liabilities	liability	NOUN
cblr-1726	991	38	.	.	PUNCT
cblr-1726	992	1	see	see	VERB
cblr-1726	992	2	recommendation	recommendation	NOUN
cblr-1726	992	3	of	of	ADP
cblr-1726	992	4	the	the	DET
cblr-1726	992	5	european	european	ADJ
cblr-1726	992	6	systemic	systemic	ADJ
cblr-1726	992	7	risk	risk	NOUN
cblr-1726	992	8	board	board	NOUN
cblr-1726	992	9	of	of	ADP
cblr-1726	992	10	22	22	NUM
cblr-1726	992	11	december	december	PROPN
cblr-1726	992	12	2011	2011	NUM
cblr-1726	992	13	on	on	ADP
cblr-1726	992	14	us	us	PROPN
cblr-1726	992	15	dollar	dollar	NOUN
cblr-1726	992	16	denominated	denominate	VERB
cblr-1726	992	17	funding	funding	NOUN
cblr-1726	992	18	of	of	ADP
cblr-1726	992	19	credit	credit	NOUN
cblr-1726	992	20	institutions	institution	NOUN
cblr-1726	992	21	,	,	PUNCT
cblr-1726	992	22	2011	2011	NUM
cblr-1726	992	23	o.j	o.j	PROPN
cblr-1726	992	24	.	.	PUNCT
cblr-1726	993	1	(	(	PUNCT
cblr-1726	993	2	c	c	NOUN
cblr-1726	993	3	72	72	NUM
cblr-1726	993	4	)	)	PUNCT
cblr-1726	993	5	1	1	NUM
cblr-1726	993	6	,	,	PUNCT
cblr-1726	993	7	2	2	NUM
cblr-1726	993	8	.	.	NOUN
cblr-1726	993	9	240	240	NUM
cblr-1726	993	10	see	see	VERB
cblr-1726	993	11	jeremy	jeremy	PROPN
cblr-1726	993	12	c.	c.	PROPN
cblr-1726	993	13	stein	stein	PROPN
cblr-1726	993	14	,	,	PUNCT
cblr-1726	993	15	member	member	PROPN
cblr-1726	993	16	,	,	PUNCT
cblr-1726	993	17	bd	bd	PROPN
cblr-1726	993	18	.	.	PROPN
cblr-1726	993	19	of	of	ADP
cblr-1726	993	20	governors	governor	NOUN
cblr-1726	993	21	of	of	ADP
cblr-1726	993	22	the	the	DET
cblr-1726	993	23	fed	fed	PROPN
cblr-1726	993	24	.	.	PUNCT
cblr-1726	994	1	reserve	reserve	PROPN
cblr-1726	994	2	sys	sys	PROPN
cblr-1726	994	3	.	.	PROPN
cblr-1726	994	4	,	,	PUNCT
cblr-1726	994	5	remarks	remark	VERB
cblr-1726	994	6	at	at	ADP
cblr-1726	994	7	the	the	DET
cblr-1726	994	8	global	global	PROPN
cblr-1726	994	9	research	research	PROPN
cblr-1726	994	10	forum	forum	PROPN
cblr-1726	994	11	,	,	PUNCT
cblr-1726	994	12	int’l	int’l	NUM
cblr-1726	994	13	finance	finance	NOUN
cblr-1726	994	14	and	and	CCONJ
cblr-1726	994	15	macroeconomics	macroeconomic	NOUN
cblr-1726	994	16	:	:	PUNCT
cblr-1726	994	17	dollar	dollar	NOUN
cblr-1726	994	18	funding	funding	NOUN
cblr-1726	994	19	and	and	CCONJ
cblr-1726	994	20	global	global	ADJ
cblr-1726	994	21	banks	bank	NOUN
cblr-1726	994	22	(	(	PUNCT
cblr-1726	994	23	dec	dec	PROPN
cblr-1726	994	24	.	.	PROPN
cblr-1726	994	25	17	17	NUM
cblr-1726	994	26	,	,	PUNCT
cblr-1726	994	27	2012	2012	NUM
cblr-1726	994	28	)	)	PUNCT
cblr-1726	994	29	;	;	PUNCT
cblr-1726	994	30	denbee	denbee	NOUN
cblr-1726	994	31	et	et	PROPN
cblr-1726	994	32	al	al	PROPN
cblr-1726	994	33	.	.	PROPN
cblr-1726	994	34	,	,	PUNCT
cblr-1726	994	35	supra	supra	PROPN
cblr-1726	994	36	note	note	PROPN
cblr-1726	994	37	51	51	NUM
cblr-1726	994	38	,	,	PUNCT
cblr-1726	994	39	at	at	ADP
cblr-1726	994	40	25	25	NUM
cblr-1726	994	41	.	.	PUNCT
cblr-1726	995	1	awrey	awrey	PROPN
cblr-1726	995	2	–	–	PUNCT
cblr-1726	995	3	final	final	ADJ
cblr-1726	995	4	1008	1008	NUM
cblr-1726	995	5	columbia	columbia	PROPN
cblr-1726	995	6	business	business	NOUN
cblr-1726	995	7	law	law	PROPN
cblr-1726	995	8	review	review	NOUN
cblr-1726	996	1	[	[	X
cblr-1726	996	2	vol	vol	NOUN
cblr-1726	996	3	.	.	PUNCT
cblr-1726	996	4	2017	2017	NUM
cblr-1726	996	5	suggests	suggest	VERB
cblr-1726	996	6	that	that	SCONJ
cblr-1726	996	7	all	all	DET
cblr-1726	996	8	qualifying	qualify	VERB
cblr-1726	996	9	jurisdictions	jurisdiction	NOUN
cblr-1726	996	10	should	should	AUX
cblr-1726	996	11	be	be	AUX
cblr-1726	996	12	required	require	VERB
cblr-1726	996	13	to	to	PART
cblr-1726	996	14	pay	pay	VERB
cblr-1726	996	15	an	an	DET
cblr-1726	996	16	ongoing	ongoing	ADJ
cblr-1726	996	17	fee	fee	NOUN
cblr-1726	996	18	—	—	PUNCT
cblr-1726	996	19	a	a	DET
cblr-1726	996	20	premium	premium	NOUN
cblr-1726	996	21	—	—	PUNCT
cblr-1726	996	22	irrespective	irrespective	ADJ
cblr-1726	996	23	of	of	ADP
cblr-1726	996	24	whether	whether	SCONJ
cblr-1726	996	25	they	they	PRON
cblr-1726	996	26	actually	actually	ADV
cblr-1726	996	27	draw	draw	VERB
cblr-1726	996	28	down	down	ADP
cblr-1726	996	29	on	on	ADP
cblr-1726	996	30	the	the	DET
cblr-1726	996	31	facilities	facility	NOUN
cblr-1726	996	32	.	.	PUNCT
cblr-1726	997	1	this	this	DET
cblr-1726	997	2	premium	premium	NOUN
cblr-1726	997	3	would	would	AUX
cblr-1726	997	4	theoretically	theoretically	ADV
cblr-1726	997	5	need	need	VERB
cblr-1726	997	6	to	to	PART
cblr-1726	997	7	reflect	reflect	VERB
cblr-1726	997	8	the	the	DET
cblr-1726	997	9	use	use	NOUN
cblr-1726	997	10	of	of	ADP
cblr-1726	997	11	the	the	DET
cblr-1726	997	12	relevant	relevant	ADJ
cblr-1726	997	13	currency	currency	NOUN
cblr-1726	997	14	within	within	ADP
cblr-1726	997	15	the	the	DET
cblr-1726	997	16	domestic	domestic	ADJ
cblr-1726	997	17	economy	economy	NOUN
cblr-1726	997	18	of	of	ADP
cblr-1726	997	19	a	a	DET
cblr-1726	997	20	qualifying	qualifying	NOUN
cblr-1726	997	21	jurisdiction	jurisdiction	NOUN
cblr-1726	997	22	,	,	PUNCT
cblr-1726	997	23	the	the	DET
cblr-1726	997	24	level	level	NOUN
cblr-1726	997	25	and	and	CCONJ
cblr-1726	997	26	proportion	proportion	NOUN
cblr-1726	997	27	of	of	ADP
cblr-1726	997	28	short	short	ADJ
cblr-1726	997	29	-	-	PUNCT
cblr-1726	997	30	term	term	NOUN
cblr-1726	997	31	foreign	foreign	ADJ
cblr-1726	997	32	currency	currency	NOUN
cblr-1726	997	33	funding	funding	NOUN
cblr-1726	997	34	within	within	ADP
cblr-1726	997	35	its	its	PRON
cblr-1726	997	36	domestic	domestic	ADJ
cblr-1726	997	37	financial	financial	ADJ
cblr-1726	997	38	system	system	NOUN
cblr-1726	997	39	,	,	PUNCT
cblr-1726	997	40	and	and	CCONJ
cblr-1726	997	41	any	any	DET
cblr-1726	997	42	pronounced	pronounce	VERB
cblr-1726	997	43	foreign	foreign	ADJ
cblr-1726	997	44	currency	currency	NOUN
cblr-1726	997	45	mismatches	mismatch	NOUN
cblr-1726	997	46	on	on	ADP
cblr-1726	997	47	the	the	DET
cblr-1726	997	48	balance	balance	NOUN
cblr-1726	997	49	sheets	sheet	NOUN
cblr-1726	997	50	of	of	ADP
cblr-1726	997	51	domestic	domestic	ADJ
cblr-1726	997	52	banks	bank	NOUN
cblr-1726	997	53	and	and	CCONJ
cblr-1726	997	54	other	other	ADJ
cblr-1726	997	55	financial	financial	ADJ
cblr-1726	997	56	institutions	institution	NOUN
cblr-1726	997	57	.	.	PUNCT
cblr-1726	998	1	it	it	PRON
cblr-1726	998	2	would	would	AUX
cblr-1726	998	3	also	also	ADV
cblr-1726	998	4	need	need	VERB
cblr-1726	998	5	to	to	PART
cblr-1726	998	6	reflect	reflect	VERB
cblr-1726	998	7	any	any	DET
cblr-1726	998	8	other	other	ADJ
cblr-1726	998	9	forms	form	NOUN
cblr-1726	998	10	of	of	ADP
cblr-1726	998	11	(	(	PUNCT
cblr-1726	998	12	self-)insurance	self-)insurance	NOUN
cblr-1726	998	13	—	—	PUNCT
cblr-1726	998	14	e.g.	e.g.	ADV
cblr-1726	998	15	,	,	PUNCT
cblr-1726	998	16	the	the	DET
cblr-1726	998	17	accumulation	accumulation	NOUN
cblr-1726	998	18	of	of	ADP
cblr-1726	998	19	foreign	foreign	ADJ
cblr-1726	998	20	exchange	exchange	NOUN
cblr-1726	998	21	reserves	reserve	NOUN
cblr-1726	998	22	—	—	PUNCT
cblr-1726	998	23	undertaken	undertake	VERB
cblr-1726	998	24	by	by	ADP
cblr-1726	998	25	a	a	DET
cblr-1726	998	26	qualifying	qualifying	NOUN
cblr-1726	998	27	jurisdiction	jurisdiction	NOUN
cblr-1726	998	28	for	for	ADP
cblr-1726	998	29	the	the	DET
cblr-1726	998	30	purpose	purpose	NOUN
cblr-1726	998	31	of	of	ADP
cblr-1726	998	32	insulating	insulate	VERB
cblr-1726	998	33	the	the	DET
cblr-1726	998	34	domestic	domestic	ADJ
cblr-1726	998	35	financial	financial	ADJ
cblr-1726	998	36	system	system	NOUN
cblr-1726	998	37	from	from	ADP
cblr-1726	998	38	foreign	foreign	ADJ
cblr-1726	998	39	currency	currency	NOUN
cblr-1726	998	40	liquidity	liquidity	NOUN
cblr-1726	998	41	problems	problem	NOUN
cblr-1726	998	42	.	.	PUNCT
cblr-1726	999	1	while	while	SCONJ
cblr-1726	999	2	accurately	accurately	ADV
cblr-1726	999	3	pricing	price	VERB
cblr-1726	999	4	this	this	DET
cblr-1726	999	5	type	type	NOUN
cblr-1726	999	6	of	of	ADP
cblr-1726	999	7	insurance	insurance	NOUN
cblr-1726	999	8	is	be	AUX
cblr-1726	999	9	notoriously	notoriously	ADV
cblr-1726	999	10	difficult	difficult	ADJ
cblr-1726	999	11	,	,	PUNCT
cblr-1726	999	12	some	some	DET
cblr-1726	999	13	reasonable	reasonable	ADJ
cblr-1726	999	14	attempt	attempt	NOUN
cblr-1726	999	15	at	at	ADP
cblr-1726	999	16	doing	do	VERB
cblr-1726	999	17	so	so	ADV
cblr-1726	999	18	is	be	AUX
cblr-1726	999	19	ultimately	ultimately	ADV
cblr-1726	999	20	necessary	necessary	ADJ
cblr-1726	999	21	in	in	ADP
cblr-1726	999	22	order	order	NOUN
cblr-1726	999	23	to	to	PART
cblr-1726	999	24	constrain	constrain	VERB
cblr-1726	999	25	the	the	DET
cblr-1726	999	26	moral	moral	ADJ
cblr-1726	999	27	hazard	hazard	NOUN
cblr-1726	999	28	problems	problem	NOUN
cblr-1726	999	29	stemming	stem	VERB
cblr-1726	999	30	from	from	ADP
cblr-1726	999	31	the	the	DET
cblr-1726	999	32	underpriced	underpriced	ADJ
cblr-1726	999	33	provision	provision	NOUN
cblr-1726	999	34	of	of	ADP
cblr-1726	999	35	fcla	fcla	NOUN
cblr-1726	999	36	under	under	ADP
cblr-1726	999	37	the	the	DET
cblr-1726	999	38	current	current	ADJ
cblr-1726	999	39	standing	stand	VERB
cblr-1726	999	40	facilities	facility	NOUN
cblr-1726	999	41	.	.	PUNCT
cblr-1726	1000	1	finally	finally	ADV
cblr-1726	1000	2	,	,	PUNCT
cblr-1726	1000	3	the	the	DET
cblr-1726	1000	4	standing	standing	NOUN
cblr-1726	1000	5	facilities	facility	NOUN
cblr-1726	1000	6	would	would	AUX
cblr-1726	1000	7	need	need	VERB
cblr-1726	1000	8	to	to	PART
cblr-1726	1000	9	be	be	AUX
cblr-1726	1000	10	augmented	augment	VERB
cblr-1726	1000	11	by	by	ADP
cblr-1726	1000	12	binding	bind	VERB
cblr-1726	1000	13	commitments	commitment	NOUN
cblr-1726	1000	14	on	on	ADP
cblr-1726	1000	15	the	the	DET
cblr-1726	1000	16	part	part	NOUN
cblr-1726	1000	17	of	of	ADP
cblr-1726	1000	18	qualifying	qualify	VERB
cblr-1726	1000	19	jurisdictions	jurisdiction	NOUN
cblr-1726	1000	20	to	to	PART
cblr-1726	1000	21	share	share	VERB
cblr-1726	1000	22	data	datum	NOUN
cblr-1726	1000	23	relating	relate	VERB
cblr-1726	1000	24	to	to	ADP
cblr-1726	1000	25	foreign	foreign	ADJ
cblr-1726	1000	26	currency	currency	NOUN
cblr-1726	1000	27	assets	asset	NOUN
cblr-1726	1000	28	and	and	CCONJ
cblr-1726	1000	29	liabilities	liability	NOUN
cblr-1726	1000	30	within	within	ADP
cblr-1726	1000	31	their	their	PRON
cblr-1726	1000	32	domestic	domestic	ADJ
cblr-1726	1000	33	financial	financial	ADJ
cblr-1726	1000	34	systems	system	NOUN
cblr-1726	1000	35	.	.	PUNCT
cblr-1726	1001	1	this	this	DET
cblr-1726	1001	2	data	datum	NOUN
cblr-1726	1001	3	sharing	sharing	NOUN
cblr-1726	1001	4	would	would	AUX
cblr-1726	1001	5	be	be	AUX
cblr-1726	1001	6	vital	vital	ADJ
cblr-1726	1001	7	for	for	ADP
cblr-1726	1001	8	the	the	DET
cblr-1726	1001	9	purposes	purpose	NOUN
cblr-1726	1001	10	of	of	ADP
cblr-1726	1001	11	both	both	PRON
cblr-1726	1001	12	monitoring	monitor	VERB
cblr-1726	1001	13	compliance	compliance	NOUN
cblr-1726	1001	14	with	with	ADP
cblr-1726	1001	15	ex	ex	NOUN
cblr-1726	1001	16	ante	ante	NOUN
cblr-1726	1001	17	qualifications	qualification	NOUN
cblr-1726	1001	18	and	and	CCONJ
cblr-1726	1001	19	ex	ex	PRON
cblr-1726	1001	20	post	post	NOUN
cblr-1726	1001	21	constraints	constraint	NOUN
cblr-1726	1001	22	and	and	CCONJ
cblr-1726	1001	23	calculating	calculate	VERB
cblr-1726	1001	24	the	the	DET
cblr-1726	1001	25	requisite	requisite	ADJ
cblr-1726	1001	26	liquidity	liquidity	NOUN
cblr-1726	1001	27	insurance	insurance	NOUN
cblr-1726	1001	28	premiums	premium	NOUN
cblr-1726	1001	29	.	.	PUNCT
cblr-1726	1002	1	more	more	ADV
cblr-1726	1002	2	generally	generally	ADV
cblr-1726	1002	3	,	,	PUNCT
cblr-1726	1002	4	enhanced	enhanced	ADJ
cblr-1726	1002	5	data	data	NOUN
cblr-1726	1002	6	sharing	sharing	NOUN
cblr-1726	1002	7	would	would	AUX
cblr-1726	1002	8	also	also	ADV
cblr-1726	1002	9	enable	enable	VERB
cblr-1726	1002	10	more	more	ADV
cblr-1726	1002	11	effective	effective	ADJ
cblr-1726	1002	12	macroprudential	macroprudential	ADJ
cblr-1726	1002	13	surveillance	surveillance	NOUN
cblr-1726	1002	14	—	—	PUNCT
cblr-1726	1002	15	especially	especially	ADV
cblr-1726	1002	16	with	with	ADP
cblr-1726	1002	17	respect	respect	NOUN
cblr-1726	1002	18	to	to	ADP
cblr-1726	1002	19	cross	cross	ADJ
cblr-1726	1002	20	-	-	ADJ
cblr-1726	1002	21	border	border	ADJ
cblr-1726	1002	22	capital	capital	NOUN
cblr-1726	1002	23	flows	flow	NOUN
cblr-1726	1002	24	and	and	CCONJ
cblr-1726	1002	25	the	the	DET
cblr-1726	1002	26	build	build	NOUN
cblr-1726	1002	27	-	-	PUNCT
cblr-1726	1002	28	up	up	NOUN
cblr-1726	1002	29	of	of	ADP
cblr-1726	1002	30	potentially	potentially	ADV
cblr-1726	1002	31	destabilizing	destabilizing	ADJ
cblr-1726	1002	32	foreign	foreign	ADJ
cblr-1726	1002	33	exchange	exchange	NOUN
cblr-1726	1002	34	imbalances	imbalance	NOUN
cblr-1726	1002	35	on	on	ADP
cblr-1726	1002	36	the	the	DET
cblr-1726	1002	37	balance	balance	NOUN
cblr-1726	1002	38	sheets	sheet	NOUN
cblr-1726	1002	39	of	of	ADP
cblr-1726	1002	40	banks	bank	NOUN
cblr-1726	1002	41	and	and	CCONJ
cblr-1726	1002	42	other	other	ADJ
cblr-1726	1002	43	financial	financial	ADJ
cblr-1726	1002	44	institutions.241	institutions.241	NOUN
cblr-1726	1002	45	the	the	DET
cblr-1726	1002	46	second	second	ADJ
cblr-1726	1002	47	set	set	NOUN
cblr-1726	1002	48	of	of	ADP
cblr-1726	1002	49	arrangements	arrangement	NOUN
cblr-1726	1002	50	for	for	ADP
cblr-1726	1002	51	the	the	DET
cblr-1726	1002	52	provision	provision	NOUN
cblr-1726	1002	53	of	of	ADP
cblr-1726	1002	54	fcla	fcla	NOUN
cblr-1726	1002	55	are	be	AUX
cblr-1726	1002	56	two	two	NUM
cblr-1726	1002	57	emergency	emergency	NOUN
cblr-1726	1002	58	lending	lending	NOUN
cblr-1726	1002	59	facilities	facility	NOUN
cblr-1726	1002	60	recently	recently	ADV
cblr-1726	1002	61	introduced	introduce	VERB
cblr-1726	1002	62	by	by	ADP
cblr-1726	1002	63	the	the	DET
cblr-1726	1002	64	imf	imf	PROPN
cblr-1726	1002	65	.	.	PROPN
cblr-1726	1002	66	established	establish	VERB
cblr-1726	1002	67	in	in	ADP
cblr-1726	1002	68	1945	1945	NUM
cblr-1726	1002	69	,	,	PUNCT
cblr-1726	1002	70	the	the	DET
cblr-1726	1002	71	imf	imf	PROPN
cblr-1726	1002	72	is	be	AUX
cblr-1726	1002	73	an	an	DET
cblr-1726	1002	74	international	international	ADJ
cblr-1726	1002	75	reserve	reserve	NOUN
cblr-1726	1002	76	fund	fund	NOUN
cblr-1726	1002	77	originally	originally	ADV
cblr-1726	1002	78	designed	design	VERB
cblr-1726	1002	79	to	to	PART
cblr-1726	1002	80	provide	provide	VERB
cblr-1726	1002	81	short	short	ADJ
cblr-1726	1002	82	-	-	PUNCT
cblr-1726	1002	83	term	term	NOUN
cblr-1726	1002	84	loans	loan	NOUN
cblr-1726	1002	85	to	to	PART
cblr-1726	1002	86	assist	assist	VERB
cblr-1726	1002	87	member	member	NOUN
cblr-1726	1002	88	countries	country	NOUN
cblr-1726	1002	89	facing	face	VERB
cblr-1726	1002	90	actual	actual	ADJ
cblr-1726	1002	91	or	or	CCONJ
cblr-1726	1002	92	potential	potential	ADJ
cblr-1726	1002	93	balance	balance	NOUN
cblr-1726	1002	94	of	of	ADP
cblr-1726	1002	95	241	241	NUM
cblr-1726	1002	96	farhi	farhi	NOUN
cblr-1726	1002	97	et	et	PROPN
cblr-1726	1002	98	al	al	PROPN
cblr-1726	1002	99	.	.	PROPN
cblr-1726	1002	100	,	,	PUNCT
cblr-1726	1002	101	supra	supra	PROPN
cblr-1726	1002	102	note	note	VERB
cblr-1726	1002	103	195	195	NUM
cblr-1726	1002	104	,	,	PUNCT
cblr-1726	1002	105	at	at	ADP
cblr-1726	1002	106	48	48	NUM
cblr-1726	1002	107	.	.	PUNCT
cblr-1726	1003	1	awrey	awrey	PROPN
cblr-1726	1003	2	–	–	PUNCT
cblr-1726	1003	3	final	final	ADJ
cblr-1726	1003	4	no	no	NOUN
cblr-1726	1003	5	.	.	PUNCT
cblr-1726	1004	1	3:934	3:934	X
cblr-1726	1004	2	]	]	X
cblr-1726	1004	3	foreign	foreign	ADJ
cblr-1726	1004	4	currency	currency	NOUN
cblr-1726	1004	5	liquidity	liquidity	NOUN
cblr-1726	1004	6	assistance	assistance	NOUN
cblr-1726	1004	7	1009	1009	NUM
cblr-1726	1004	8	payments	payment	NOUN
cblr-1726	1004	9	problems.242	problems.242	PROPN
cblr-1726	1004	10	imf	imf	PROPN
cblr-1726	1004	11	member	member	NOUN
cblr-1726	1004	12	countries	country	NOUN
cblr-1726	1004	13	are	be	AUX
cblr-1726	1004	14	required	require	VERB
cblr-1726	1004	15	to	to	PART
cblr-1726	1004	16	make	make	VERB
cblr-1726	1004	17	contributions	contribution	NOUN
cblr-1726	1004	18	to	to	ADP
cblr-1726	1004	19	the	the	DET
cblr-1726	1004	20	fund	fund	NOUN
cblr-1726	1004	21	based	base	VERB
cblr-1726	1004	22	on	on	ADP
cblr-1726	1004	23	a	a	DET
cblr-1726	1004	24	quota	quota	NOUN
cblr-1726	1004	25	formula	formula	NOUN
cblr-1726	1004	26	that	that	PRON
cblr-1726	1004	27	takes	take	VERB
cblr-1726	1004	28	into	into	ADP
cblr-1726	1004	29	account	account	NOUN
cblr-1726	1004	30	each	each	DET
cblr-1726	1004	31	country	country	NOUN
cblr-1726	1004	32	’s	’s	PART
cblr-1726	1004	33	gross	gross	ADJ
cblr-1726	1004	34	domestic	domestic	ADJ
cblr-1726	1004	35	product	product	NOUN
cblr-1726	1004	36	(	(	PUNCT
cblr-1726	1004	37	“	"	PUNCT
cblr-1726	1004	38	gdp	gdp	NOUN
cblr-1726	1004	39	”	"	PUNCT
cblr-1726	1004	40	)	)	PUNCT
cblr-1726	1004	41	,	,	PUNCT
cblr-1726	1004	42	the	the	DET
cblr-1726	1004	43	openness	openness	NOUN
cblr-1726	1004	44	and	and	CCONJ
cblr-1726	1004	45	variability	variability	NOUN
cblr-1726	1004	46	of	of	ADP
cblr-1726	1004	47	its	its	PRON
cblr-1726	1004	48	economy	economy	NOUN
cblr-1726	1004	49	,	,	PUNCT
cblr-1726	1004	50	and	and	CCONJ
cblr-1726	1004	51	accumulated	accumulate	VERB
cblr-1726	1004	52	foreign	foreign	ADJ
cblr-1726	1004	53	exchange	exchange	NOUN
cblr-1726	1004	54	reserves.243	reserves.243	NOUN
cblr-1726	1004	55	the	the	DET
cblr-1726	1004	56	imf	imf	PROPN
cblr-1726	1004	57	then	then	ADV
cblr-1726	1004	58	uses	use	VERB
cblr-1726	1004	59	these	these	DET
cblr-1726	1004	60	funds	fund	NOUN
cblr-1726	1004	61	to	to	PART
cblr-1726	1004	62	make	make	VERB
cblr-1726	1004	63	loans	loan	NOUN
cblr-1726	1004	64	to	to	ADP
cblr-1726	1004	65	member	member	NOUN
cblr-1726	1004	66	countries	country	NOUN
cblr-1726	1004	67	under	under	ADP
cblr-1726	1004	68	various	various	ADJ
cblr-1726	1004	69	lending	lending	NOUN
cblr-1726	1004	70	facilities.244	facilities.244	NOUN
cblr-1726	1005	1	the	the	DET
cblr-1726	1005	2	imf	imf	PROPN
cblr-1726	1005	3	also	also	ADV
cblr-1726	1005	4	conducts	conduct	VERB
cblr-1726	1005	5	surveillance	surveillance	NOUN
cblr-1726	1005	6	of	of	ADP
cblr-1726	1005	7	the	the	DET
cblr-1726	1005	8	international	international	ADJ
cblr-1726	1005	9	monetary	monetary	ADJ
cblr-1726	1005	10	system	system	NOUN
cblr-1726	1005	11	,	,	PUNCT
cblr-1726	1005	12	along	along	ADP
cblr-1726	1005	13	with	with	ADP
cblr-1726	1005	14	the	the	DET
cblr-1726	1005	15	fiscal	fiscal	ADJ
cblr-1726	1005	16	,	,	PUNCT
cblr-1726	1005	17	monetary	monetary	ADJ
cblr-1726	1005	18	,	,	PUNCT
cblr-1726	1005	19	and	and	CCONJ
cblr-1726	1005	20	financial	financial	ADJ
cblr-1726	1005	21	sector	sector	NOUN
cblr-1726	1005	22	policies	policy	NOUN
cblr-1726	1005	23	of	of	ADP
cblr-1726	1005	24	each	each	PRON
cblr-1726	1005	25	of	of	ADP
cblr-1726	1005	26	its	its	PRON
cblr-1726	1005	27	189	189	NUM
cblr-1726	1005	28	member	member	NOUN
cblr-1726	1005	29	countries.245	countries.245	PROPN
cblr-1726	1005	30	following	follow	VERB
cblr-1726	1005	31	the	the	DET
cblr-1726	1005	32	collapse	collapse	NOUN
cblr-1726	1005	33	of	of	ADP
cblr-1726	1005	34	the	the	DET
cblr-1726	1005	35	bretton	bretton	PROPN
cblr-1726	1005	36	woods	woods	PROPN
cblr-1726	1005	37	fixed	fix	VERB
cblr-1726	1005	38	exchange	exchange	NOUN
cblr-1726	1005	39	rate	rate	NOUN
cblr-1726	1005	40	regime	regime	NOUN
cblr-1726	1005	41	in	in	ADP
cblr-1726	1005	42	the	the	DET
cblr-1726	1005	43	early	early	ADJ
cblr-1726	1005	44	1970s	1970	NOUN
cblr-1726	1005	45	,	,	PUNCT
cblr-1726	1005	46	the	the	DET
cblr-1726	1005	47	imf	imf	PROPN
cblr-1726	1005	48	has	have	AUX
cblr-1726	1005	49	attempted	attempt	VERB
cblr-1726	1005	50	to	to	PART
cblr-1726	1005	51	reinvent	reinvent	VERB
cblr-1726	1005	52	itself	itself	PRON
cblr-1726	1005	53	as	as	ADP
cblr-1726	1005	54	an	an	DET
cblr-1726	1005	55	international	international	ADJ
cblr-1726	1005	56	financial	financial	ADJ
cblr-1726	1005	57	crisis	crisis	NOUN
cblr-1726	1005	58	“	"	PUNCT
cblr-1726	1005	59	firefighter	firefighter	NOUN
cblr-1726	1005	60	.	.	PUNCT
cblr-1726	1005	61	”246	”246	PUNCT
cblr-1726	1006	1	perhaps	perhaps	ADV
cblr-1726	1006	2	most	most	ADV
cblr-1726	1006	3	notably	notably	ADV
cblr-1726	1006	4	,	,	PUNCT
cblr-1726	1006	5	the	the	DET
cblr-1726	1006	6	imf	imf	PROPN
cblr-1726	1006	7	has	have	AUX
cblr-1726	1006	8	played	play	VERB
cblr-1726	1006	9	an	an	DET
cblr-1726	1006	10	important	important	ADJ
cblr-1726	1006	11	role	role	NOUN
cblr-1726	1006	12	in	in	ADP
cblr-1726	1006	13	coordinating	coordinate	VERB
cblr-1726	1006	14	the	the	DET
cblr-1726	1006	15	international	international	ADJ
cblr-1726	1006	16	response	response	NOUN
cblr-1726	1006	17	to	to	ADP
cblr-1726	1006	18	the	the	DET
cblr-1726	1006	19	emerging	emerge	VERB
cblr-1726	1006	20	market	market	NOUN
cblr-1726	1006	21	debt	debt	NOUN
cblr-1726	1006	22	crisis	crisis	NOUN
cblr-1726	1006	23	of	of	ADP
cblr-1726	1006	24	the	the	DET
cblr-1726	1006	25	early	early	ADJ
cblr-1726	1006	26	1980s247	1980s247	NUM
cblr-1726	1006	27	,	,	PUNCT
cblr-1726	1006	28	the	the	DET
cblr-1726	1006	29	242	242	NUM
cblr-1726	1006	30	for	for	ADP
cblr-1726	1006	31	an	an	DET
cblr-1726	1006	32	overview	overview	NOUN
cblr-1726	1006	33	of	of	ADP
cblr-1726	1006	34	the	the	DET
cblr-1726	1006	35	imf	imf	PROPN
cblr-1726	1006	36	’s	’s	PART
cblr-1726	1006	37	role	role	NOUN
cblr-1726	1006	38	,	,	PUNCT
cblr-1726	1006	39	see	see	VERB
cblr-1726	1006	40	the	the	DET
cblr-1726	1006	41	imf	imf	PROPN
cblr-1726	1006	42	at	at	ADP
cblr-1726	1006	43	a	a	DET
cblr-1726	1006	44	glance	glance	NOUN
cblr-1726	1006	45	,	,	PUNCT
cblr-1726	1006	46	imf	imf	PROPN
cblr-1726	1006	47	(	(	PUNCT
cblr-1726	1006	48	apr	apr	PROPN
cblr-1726	1006	49	.	.	PROPN
cblr-1726	1006	50	20	20	NUM
cblr-1726	1006	51	,	,	PUNCT
cblr-1726	1006	52	2017	2017	NUM
cblr-1726	1006	53	)	)	PUNCT
cblr-1726	1006	54	,	,	PUNCT
cblr-1726	1006	55	http://www.imf.org/en/about/factsheets/imf-at-a-glance	http://www.imf.org/en/about/factsheets/imf-at-a-glance	NOUN
cblr-1726	1007	1	[	[	X
cblr-1726	1007	2	perma.cc/dh9d-etrb	perma.cc/dh9d-etrb	X
cblr-1726	1007	3	]	]	X
cblr-1726	1007	4	.	.	PUNCT
cblr-1726	1008	1	for	for	ADP
cblr-1726	1008	2	a	a	DET
cblr-1726	1008	3	more	more	ADV
cblr-1726	1008	4	detailed	detailed	ADJ
cblr-1726	1008	5	description	description	NOUN
cblr-1726	1008	6	of	of	ADP
cblr-1726	1008	7	its	its	PRON
cblr-1726	1008	8	activities	activity	NOUN
cblr-1726	1008	9	,	,	PUNCT
cblr-1726	1008	10	see	see	VERB
cblr-1726	1008	11	annual	annual	ADJ
cblr-1726	1008	12	report	report	NOUN
cblr-1726	1008	13	of	of	ADP
cblr-1726	1008	14	the	the	DET
cblr-1726	1008	15	executive	executive	PROPN
cblr-1726	1008	16	board	board	PROPN
cblr-1726	1008	17	,	,	PUNCT
cblr-1726	1008	18	imf	imf	PROPN
cblr-1726	1008	19	,	,	PUNCT
cblr-1726	1008	20	http://www.imf.org/external/pubs/ft/ar/index.htm	http://www.imf.org/external/pubs/ft/ar/index.htm	PROPN
cblr-1726	1008	21	[	[	X
cblr-1726	1008	22	perma.cc/8cu5-wxev	perma.cc/8cu5-wxev	X
cblr-1726	1008	23	]	]	X
cblr-1726	1008	24	.	.	PUNCT
cblr-1726	1009	1	243	243	NUM
cblr-1726	1009	2	for	for	ADP
cblr-1726	1009	3	further	further	ADJ
cblr-1726	1009	4	details	detail	NOUN
cblr-1726	1009	5	,	,	PUNCT
cblr-1726	1009	6	see	see	VERB
cblr-1726	1009	7	report	report	NOUN
cblr-1726	1009	8	of	of	ADP
cblr-1726	1009	9	the	the	DET
cblr-1726	1009	10	executive	executive	PROPN
cblr-1726	1009	11	board	board	NOUN
cblr-1726	1009	12	to	to	ADP
cblr-1726	1009	13	the	the	DET
cblr-1726	1009	14	board	board	NOUN
cblr-1726	1009	15	of	of	ADP
cblr-1726	1009	16	governors	governor	NOUN
cblr-1726	1009	17	on	on	ADP
cblr-1726	1009	18	the	the	DET
cblr-1726	1009	19	reform	reform	NOUN
cblr-1726	1009	20	of	of	ADP
cblr-1726	1009	21	quota	quota	NOUN
cblr-1726	1009	22	and	and	CCONJ
cblr-1726	1009	23	voice	voice	NOUN
cblr-1726	1009	24	in	in	ADP
cblr-1726	1009	25	the	the	DET
cblr-1726	1009	26	international	international	ADJ
cblr-1726	1009	27	monetary	monetary	ADJ
cblr-1726	1009	28	fund	fund	NOUN
cblr-1726	1009	29	,	,	PUNCT
cblr-1726	1009	30	imf	imf	PROPN
cblr-1726	1009	31	(	(	PUNCT
cblr-1726	1009	32	mar	mar	PROPN
cblr-1726	1009	33	.	.	PROPN
cblr-1726	1009	34	28	28	NUM
cblr-1726	1009	35	,	,	PUNCT
cblr-1726	1009	36	2008	2008	NUM
cblr-1726	1009	37	)	)	PUNCT
cblr-1726	1009	38	,	,	PUNCT
cblr-1726	1009	39	https://www.imf.org/external/np/pp/eng/2008/032108.pdf	https://www.imf.org/external/np/pp/eng/2008/032108.pdf	NOUN
cblr-1726	1010	1	[	[	X
cblr-1726	1010	2	perma.cc/q8sy-s67	perma.cc/q8sy-s67	X
cblr-1726	1010	3	t	t	NOUN
cblr-1726	1010	4	]	]	PUNCT
cblr-1726	1010	5	.	.	PUNCT
cblr-1726	1011	1	244	244	NUM
cblr-1726	1011	2	for	for	ADP
cblr-1726	1011	3	a	a	DET
cblr-1726	1011	4	complete	complete	ADJ
cblr-1726	1011	5	list	list	NOUN
cblr-1726	1011	6	of	of	ADP
cblr-1726	1011	7	imf	imf	PROPN
cblr-1726	1011	8	lending	lending	NOUN
cblr-1726	1011	9	facilities	facility	NOUN
cblr-1726	1011	10	,	,	PUNCT
cblr-1726	1011	11	see	see	VERB
cblr-1726	1011	12	imf	imf	PROPN
cblr-1726	1011	13	lending	lending	PROPN
cblr-1726	1011	14	,	,	PUNCT
cblr-1726	1011	15	imf	imf	PROPN
cblr-1726	1011	16	(	(	PUNCT
cblr-1726	1011	17	oct	oct	PROPN
cblr-1726	1011	18	.	.	PROPN
cblr-1726	1011	19	11	11	NUM
cblr-1726	1011	20	,	,	PUNCT
cblr-1726	1011	21	2017	2017	NUM
cblr-1726	1011	22	)	)	PUNCT
cblr-1726	1011	23	,	,	PUNCT
cblr-1726	1012	1	http://www.imf.org/en/about/factsheets/imf-lending	http://www.imf.org/en/about/factsheets/imf-lending	X
cblr-1726	1012	2	[	[	X
cblr-1726	1012	3	perma.cc/8fm7-8rfh	perma.cc/8fm7-8rfh	X
cblr-1726	1012	4	]	]	PUNCT
cblr-1726	1012	5	.	.	PUNCT
cblr-1726	1013	1	245	245	NUM
cblr-1726	1013	2	alongside	alongside	ADP
cblr-1726	1013	3	this	this	DET
cblr-1726	1013	4	surveillance	surveillance	NOUN
cblr-1726	1013	5	,	,	PUNCT
cblr-1726	1013	6	the	the	DET
cblr-1726	1013	7	imf	imf	PROPN
cblr-1726	1013	8	also	also	ADV
cblr-1726	1013	9	provides	provide	VERB
cblr-1726	1013	10	technical	technical	ADJ
cblr-1726	1013	11	assistance	assistance	NOUN
cblr-1726	1013	12	to	to	ADP
cblr-1726	1013	13	member	member	NOUN
cblr-1726	1013	14	countries	country	NOUN
cblr-1726	1013	15	in	in	ADP
cblr-1726	1013	16	relation	relation	NOUN
cblr-1726	1013	17	to	to	ADP
cblr-1726	1013	18	various	various	ADJ
cblr-1726	1013	19	aspects	aspect	NOUN
cblr-1726	1013	20	of	of	ADP
cblr-1726	1013	21	economic	economic	ADJ
cblr-1726	1013	22	policy	policy	NOUN
cblr-1726	1013	23	.	.	PUNCT
cblr-1726	1014	1	i	i	PRON
cblr-1726	1014	2	d.	d.	PROPN
cblr-1726	1014	3	for	for	ADP
cblr-1726	1014	4	a	a	DET
cblr-1726	1014	5	useful	useful	ADJ
cblr-1726	1014	6	description	description	NOUN
cblr-1726	1014	7	of	of	ADP
cblr-1726	1014	8	the	the	DET
cblr-1726	1014	9	imf	imf	PROPN
cblr-1726	1014	10	’s	’s	PART
cblr-1726	1014	11	role	role	NOUN
cblr-1726	1014	12	within	within	ADP
cblr-1726	1014	13	the	the	DET
cblr-1726	1014	14	broader	broad	ADJ
cblr-1726	1014	15	context	context	NOUN
cblr-1726	1014	16	of	of	ADP
cblr-1726	1014	17	the	the	DET
cblr-1726	1014	18	global	global	ADJ
cblr-1726	1014	19	financial	financial	ADJ
cblr-1726	1014	20	and	and	CCONJ
cblr-1726	1014	21	regulatory	regulatory	ADJ
cblr-1726	1014	22	architecture	architecture	NOUN
cblr-1726	1014	23	,	,	PUNCT
cblr-1726	1014	24	see	see	VERB
cblr-1726	1014	25	generally	generally	ADV
cblr-1726	1014	26	chris	chris	PROPN
cblr-1726	1014	27	brummer	brummer	PROPN
cblr-1726	1014	28	,	,	PUNCT
cblr-1726	1014	29	how	how	SCONJ
cblr-1726	1014	30	international	international	ADJ
cblr-1726	1014	31	financial	financial	ADJ
cblr-1726	1014	32	law	law	NOUN
cblr-1726	1014	33	works	work	VERB
cblr-1726	1014	34	(	(	PUNCT
cblr-1726	1014	35	and	and	CCONJ
cblr-1726	1014	36	how	how	SCONJ
cblr-1726	1014	37	it	it	PRON
cblr-1726	1014	38	does	do	VERB
cblr-1726	1014	39	n’t	not	PART
cblr-1726	1014	40	)	)	PUNCT
cblr-1726	1014	41	,	,	PUNCT
cblr-1726	1014	42	99	99	NUM
cblr-1726	1014	43	geo	geo	PROPN
cblr-1726	1014	44	.	.	PUNCT
cblr-1726	1014	45	l.j	l.j	PROPN
cblr-1726	1014	46	.	.	PROPN
cblr-1726	1014	47	257	257	NUM
cblr-1726	1014	48	(	(	PUNCT
cblr-1726	1014	49	2011	2011	NUM
cblr-1726	1014	50	)	)	PUNCT
cblr-1726	1014	51	.	.	PUNCT
cblr-1726	1015	1	246	246	NUM
cblr-1726	1015	2	see	see	VERB
cblr-1726	1015	3	wanted	want	VERB
cblr-1726	1015	4	:	:	PUNCT
cblr-1726	1015	5	chief	chief	ADJ
cblr-1726	1015	6	firefighter	firefighter	NOUN
cblr-1726	1015	7	,	,	PUNCT
cblr-1726	1015	8	the	the	DET
cblr-1726	1015	9	economist	economist	NOUN
cblr-1726	1015	10	(	(	PUNCT
cblr-1726	1015	11	june	june	PROPN
cblr-1726	1015	12	2	2	NUM
cblr-1726	1015	13	,	,	PUNCT
cblr-1726	1015	14	2011	2011	NUM
cblr-1726	1015	15	)	)	PUNCT
cblr-1726	1015	16	,	,	PUNCT
cblr-1726	1015	17	http://www.economist.com/node/18772058	http://www.economist.com/node/18772058	X
cblr-1726	1016	1	[	[	X
cblr-1726	1016	2	perma.cc/5gyy-sbxf	perma.cc/5gyy-sbxf	X
cblr-1726	1016	3	]	]	X
cblr-1726	1016	4	.	.	PUNCT
cblr-1726	1017	1	247	247	NUM
cblr-1726	1017	2	see	see	VERB
cblr-1726	1017	3	james	james	PROPN
cblr-1726	1017	4	m.	m.	PROPN
cblr-1726	1017	5	boughton	boughton	PROPN
cblr-1726	1017	6	,	,	PUNCT
cblr-1726	1017	7	from	from	ADP
cblr-1726	1017	8	suez	suez	PROPN
cblr-1726	1017	9	to	to	ADP
cblr-1726	1017	10	tequila	tequila	PRON
cblr-1726	1017	11	:	:	PUNCT
cblr-1726	1017	12	the	the	DET
cblr-1726	1017	13	imf	imf	PROPN
cblr-1726	1017	14	as	as	ADP
cblr-1726	1017	15	crisis	crisis	NOUN
cblr-1726	1017	16	manager	manager	NOUN
cblr-1726	1017	17	17–18	17–18	NUM
cblr-1726	1017	18	(	(	PUNCT
cblr-1726	1017	19	imf	imf	PROPN
cblr-1726	1017	20	,	,	PUNCT
cblr-1726	1017	21	working	working	NOUN
cblr-1726	1017	22	paper	paper	NOUN
cblr-1726	1017	23	no	no	INTJ
cblr-1726	1017	24	.	.	PUNCT
cblr-1726	1018	1	97/90	97/90	NUM
cblr-1726	1018	2	,	,	PUNCT
cblr-1726	1018	3	1997	1997	NUM
cblr-1726	1018	4	)	)	PUNCT
cblr-1726	1018	5	,	,	PUNCT
cblr-1726	1018	6	https://www.imf.org/external/pubs/ft/wp/wp9790.pdf	https://www.imf.org/external/pubs/ft/wp/wp9790.pdf	NOUN
cblr-1726	1019	1	[	[	X
cblr-1726	1019	2	perma.cc/9nqlklbb	perma.cc/9nqlklbb	X
cblr-1726	1019	3	]	]	PUNCT
cblr-1726	1019	4	.	.	PUNCT
cblr-1726	1020	1	awrey	awrey	PROPN
cblr-1726	1020	2	–	–	PUNCT
cblr-1726	1020	3	final	final	ADJ
cblr-1726	1020	4	1010	1010	NUM
cblr-1726	1020	5	columbia	columbia	PROPN
cblr-1726	1020	6	business	business	PROPN
cblr-1726	1020	7	law	law	PROPN
cblr-1726	1020	8	review	review	NOUN
cblr-1726	1021	1	[	[	X
cblr-1726	1021	2	vol	vol	NOUN
cblr-1726	1021	3	.	.	NOUN
cblr-1726	1021	4	2017	2017	NUM
cblr-1726	1021	5	asian	asian	ADJ
cblr-1726	1021	6	financial	financial	ADJ
cblr-1726	1021	7	crisis	crisis	NOUN
cblr-1726	1021	8	of	of	ADP
cblr-1726	1021	9	1997–1998248	1997–1998248	NUM
cblr-1726	1021	10	and	and	CCONJ
cblr-1726	1021	11	,	,	PUNCT
cblr-1726	1021	12	more	more	ADV
cblr-1726	1021	13	recently	recently	ADV
cblr-1726	1021	14	,	,	PUNCT
cblr-1726	1021	15	the	the	DET
cblr-1726	1021	16	rescues	rescue	NOUN
cblr-1726	1021	17	of	of	ADP
cblr-1726	1021	18	ireland	ireland	PROPN
cblr-1726	1021	19	,	,	PUNCT
cblr-1726	1021	20	greece	greece	PROPN
cblr-1726	1021	21	,	,	PUNCT
cblr-1726	1021	22	portugal	portugal	PROPN
cblr-1726	1021	23	,	,	PUNCT
cblr-1726	1021	24	and	and	CCONJ
cblr-1726	1021	25	cyprus	cyprus	PROPN
cblr-1726	1021	26	during	during	ADP
cblr-1726	1021	27	the	the	DET
cblr-1726	1021	28	european	european	ADJ
cblr-1726	1021	29	sovereign	sovereign	ADJ
cblr-1726	1021	30	debt	debt	NOUN
cblr-1726	1021	31	crisis.249	crisis.249	PROPN
cblr-1726	1021	32	historically	historically	ADV
cblr-1726	1021	33	,	,	PUNCT
cblr-1726	1021	34	the	the	DET
cblr-1726	1021	35	imf	imf	PROPN
cblr-1726	1021	36	has	have	AUX
cblr-1726	1021	37	not	not	PART
cblr-1726	1021	38	been	be	AUX
cblr-1726	1021	39	an	an	DET
cblr-1726	1021	40	important	important	ADJ
cblr-1726	1021	41	source	source	NOUN
cblr-1726	1021	42	of	of	ADP
cblr-1726	1021	43	fcla	fcla	NOUN
cblr-1726	1021	44	.	.	PUNCT
cblr-1726	1022	1	however	however	ADV
cblr-1726	1022	2	,	,	PUNCT
cblr-1726	1022	3	spurred	spur	VERB
cblr-1726	1022	4	by	by	ADP
cblr-1726	1022	5	the	the	DET
cblr-1726	1022	6	global	global	ADJ
cblr-1726	1022	7	financial	financial	ADJ
cblr-1726	1022	8	crisis	crisis	NOUN
cblr-1726	1022	9	,	,	PUNCT
cblr-1726	1022	10	the	the	DET
cblr-1726	1022	11	imf	imf	PROPN
cblr-1726	1022	12	has	have	AUX
cblr-1726	1022	13	recently	recently	ADV
cblr-1726	1022	14	introduced	introduce	VERB
cblr-1726	1022	15	two	two	NUM
cblr-1726	1022	16	new	new	ADJ
cblr-1726	1022	17	emergency	emergency	NOUN
cblr-1726	1022	18	lending	lending	NOUN
cblr-1726	1022	19	facilities	facility	NOUN
cblr-1726	1022	20	:	:	PUNCT
cblr-1726	1022	21	the	the	DET
cblr-1726	1022	22	flexible	flexible	ADJ
cblr-1726	1022	23	credit	credit	NOUN
cblr-1726	1022	24	line	line	NOUN
cblr-1726	1022	25	(	(	PUNCT
cblr-1726	1022	26	the	the	DET
cblr-1726	1022	27	“	"	PUNCT
cblr-1726	1022	28	fcl	fcl	PROPN
cblr-1726	1022	29	”	"	PUNCT
cblr-1726	1022	30	)	)	PUNCT
cblr-1726	1022	31	and	and	CCONJ
cblr-1726	1022	32	the	the	DET
cblr-1726	1022	33	precautionary	precautionary	ADJ
cblr-1726	1022	34	and	and	CCONJ
cblr-1726	1022	35	liquidity	liquidity	NOUN
cblr-1726	1022	36	line	line	NOUN
cblr-1726	1022	37	(	(	PUNCT
cblr-1726	1022	38	the	the	DET
cblr-1726	1022	39	“	"	PUNCT
cblr-1726	1022	40	pll”).250	pll”).250	VERB
cblr-1726	1022	41	introduced	introduce	VERB
cblr-1726	1022	42	in	in	ADP
cblr-1726	1022	43	march	march	PROPN
cblr-1726	1022	44	2009	2009	NUM
cblr-1726	1022	45	,	,	PUNCT
cblr-1726	1022	46	the	the	DET
cblr-1726	1022	47	fcl	fcl	PROPN
cblr-1726	1022	48	is	be	AUX
cblr-1726	1022	49	designed	design	VERB
cblr-1726	1022	50	to	to	PART
cblr-1726	1022	51	provide	provide	VERB
cblr-1726	1022	52	emergency	emergency	NOUN
cblr-1726	1022	53	liquidity	liquidity	NOUN
cblr-1726	1022	54	assistance	assistance	NOUN
cblr-1726	1022	55	to	to	ADP
cblr-1726	1022	56	member	member	NOUN
cblr-1726	1022	57	countries	country	NOUN
cblr-1726	1022	58	exhibiting	exhibit	VERB
cblr-1726	1022	59	strong	strong	ADJ
cblr-1726	1022	60	economic	economic	ADJ
cblr-1726	1022	61	fundamentals	fundamental	NOUN
cblr-1726	1022	62	and	and	CCONJ
cblr-1726	1022	63	policy	policy	NOUN
cblr-1726	1022	64	frameworks.251	frameworks.251	NOUN
cblr-1726	1022	65	a	a	DET
cblr-1726	1022	66	member	member	NOUN
cblr-1726	1022	67	country	country	NOUN
cblr-1726	1022	68	’s	’s	PART
cblr-1726	1022	69	access	access	NOUN
cblr-1726	1022	70	to	to	ADP
cblr-1726	1022	71	the	the	DET
cblr-1726	1022	72	fcl	fcl	PROPN
cblr-1726	1022	73	is	be	AUX
cblr-1726	1022	74	subject	subject	ADJ
cblr-1726	1022	75	to	to	ADP
cblr-1726	1022	76	certain	certain	ADJ
cblr-1726	1022	77	ex	ex	PROPN
cblr-1726	1022	78	ante	ante	NOUN
cblr-1726	1022	79	qualifications	qualification	NOUN
cblr-1726	1022	80	based	base	VERB
cblr-1726	1022	81	on	on	ADP
cblr-1726	1022	82	its	its	PRON
cblr-1726	1022	83	external	external	ADJ
cblr-1726	1022	84	and	and	CCONJ
cblr-1726	1022	85	capital	capital	NOUN
cblr-1726	1022	86	account	account	NOUN
cblr-1726	1022	87	position	position	NOUN
cblr-1726	1022	88	,	,	PUNCT
cblr-1726	1022	89	access	access	NOUN
cblr-1726	1022	90	to	to	ADP
cblr-1726	1022	91	international	international	ADJ
cblr-1726	1022	92	sovereign	sovereign	ADJ
cblr-1726	1022	93	debt	debt	NOUN
cblr-1726	1022	94	markets	market	NOUN
cblr-1726	1022	95	,	,	PUNCT
cblr-1726	1022	96	the	the	DET
cblr-1726	1022	97	health	health	NOUN
cblr-1726	1022	98	of	of	ADP
cblr-1726	1022	99	its	its	PRON
cblr-1726	1022	100	public	public	ADJ
cblr-1726	1022	101	finances	finance	NOUN
cblr-1726	1022	102	,	,	PUNCT
cblr-1726	1022	103	the	the	DET
cblr-1726	1022	104	effectiveness	effectiveness	NOUN
cblr-1726	1022	105	of	of	ADP
cblr-1726	1022	106	financial	financial	ADJ
cblr-1726	1022	107	sector	sector	NOUN
cblr-1726	1022	108	supervision	supervision	NOUN
cblr-1726	1022	109	,	,	PUNCT
cblr-1726	1022	110	and	and	CCONJ
cblr-1726	1022	111	other	other	ADJ
cblr-1726	1022	112	factors.252	factors.252	NOUN
cblr-1726	1022	113	once	once	ADV
cblr-1726	1022	114	qualified	qualified	ADJ
cblr-1726	1022	115	,	,	PUNCT
cblr-1726	1022	116	member	member	NOUN
cblr-1726	1022	117	countries	country	NOUN
cblr-1726	1022	118	are	be	AUX
cblr-1726	1022	119	entitled	entitle	VERB
cblr-1726	1022	120	248	248	NUM
cblr-1726	1022	121	see	see	NOUN
cblr-1726	1022	122	imf	imf	PROPN
cblr-1726	1022	123	,	,	PUNCT
cblr-1726	1022	124	recovery	recovery	NOUN
cblr-1726	1022	125	from	from	ADP
cblr-1726	1022	126	the	the	DET
cblr-1726	1022	127	asian	asian	ADJ
cblr-1726	1022	128	crisis	crisis	NOUN
cblr-1726	1022	129	and	and	CCONJ
cblr-1726	1022	130	the	the	DET
cblr-1726	1022	131	role	role	NOUN
cblr-1726	1022	132	of	of	ADP
cblr-1726	1022	133	the	the	DET
cblr-1726	1022	134	imf	imf	PROPN
cblr-1726	1022	135	(	(	PUNCT
cblr-1726	1022	136	2000	2000	NUM
cblr-1726	1022	137	)	)	PUNCT
cblr-1726	1022	138	.	.	PUNCT
cblr-1726	1023	1	249	249	NUM
cblr-1726	1023	2	for	for	ADP
cblr-1726	1023	3	a	a	DET
cblr-1726	1023	4	summary	summary	NOUN
cblr-1726	1023	5	of	of	ADP
cblr-1726	1023	6	the	the	DET
cblr-1726	1023	7	imf	imf	PROPN
cblr-1726	1023	8	’s	’s	PART
cblr-1726	1023	9	recent	recent	ADJ
cblr-1726	1023	10	activities	activity	NOUN
cblr-1726	1023	11	in	in	ADP
cblr-1726	1023	12	europe	europe	PROPN
cblr-1726	1023	13	,	,	PUNCT
cblr-1726	1023	14	see	see	VERB
cblr-1726	1023	15	the	the	DET
cblr-1726	1023	16	imf	imf	PROPN
cblr-1726	1023	17	and	and	CCONJ
cblr-1726	1023	18	europe	europe	PROPN
cblr-1726	1023	19	,	,	PUNCT
cblr-1726	1023	20	imf	imf	PROPN
cblr-1726	1023	21	(	(	PUNCT
cblr-1726	1023	22	mar	mar	PROPN
cblr-1726	1023	23	.	.	PROPN
cblr-1726	1023	24	23	23	NUM
cblr-1726	1023	25	,	,	PUNCT
cblr-1726	1023	26	2016	2016	NUM
cblr-1726	1023	27	)	)	PUNCT
cblr-1726	1023	28	,	,	PUNCT
cblr-1726	1024	1	http://www.imf.org/external/np/exr/facts/europe.htm	http://www.imf.org/external/np/exr/facts/europe.htm	X
cblr-1726	1024	2	[	[	X
cblr-1726	1024	3	perma.cc/6ejd-2rgq	perma.cc/6ejd-2rgq	NOUN
cblr-1726	1024	4	]	]	PUNCT
cblr-1726	1024	5	.	.	PUNCT
cblr-1726	1025	1	250	250	NUM
cblr-1726	1025	2	the	the	DET
cblr-1726	1025	3	fcl	fcl	PROPN
cblr-1726	1025	4	and	and	CCONJ
cblr-1726	1025	5	pll	pll	PROPN
cblr-1726	1025	6	are	be	AUX
cblr-1726	1025	7	not	not	PART
cblr-1726	1025	8	the	the	DET
cblr-1726	1025	9	imf	imf	PROPN
cblr-1726	1025	10	’s	’s	PART
cblr-1726	1025	11	first	first	ADJ
cblr-1726	1025	12	attempt	attempt	NOUN
cblr-1726	1025	13	to	to	PART
cblr-1726	1025	14	introduce	introduce	VERB
cblr-1726	1025	15	emergency	emergency	NOUN
cblr-1726	1025	16	liquidity	liquidity	NOUN
cblr-1726	1025	17	facilities	facility	NOUN
cblr-1726	1025	18	.	.	PUNCT
cblr-1726	1026	1	previous	previous	ADJ
cblr-1726	1026	2	(	(	PUNCT
cblr-1726	1026	3	failed	failed	ADJ
cblr-1726	1026	4	)	)	PUNCT
cblr-1726	1026	5	attempts	attempt	NOUN
cblr-1726	1026	6	have	have	AUX
cblr-1726	1026	7	included	include	VERB
cblr-1726	1026	8	the	the	DET
cblr-1726	1026	9	contingent	contingent	ADJ
cblr-1726	1026	10	credit	credit	NOUN
cblr-1726	1026	11	line	line	NOUN
cblr-1726	1026	12	(	(	PUNCT
cblr-1726	1026	13	launched	launch	VERB
cblr-1726	1026	14	in	in	ADP
cblr-1726	1026	15	1999	1999	NUM
cblr-1726	1026	16	)	)	PUNCT
cblr-1726	1026	17	and	and	CCONJ
cblr-1726	1026	18	the	the	DET
cblr-1726	1026	19	short	short	ADJ
cblr-1726	1026	20	-	-	PUNCT
cblr-1726	1026	21	term	term	NOUN
cblr-1726	1026	22	liquidity	liquidity	NOUN
cblr-1726	1026	23	facility	facility	NOUN
cblr-1726	1026	24	(	(	PUNCT
cblr-1726	1026	25	launched	launch	VERB
cblr-1726	1026	26	in	in	ADP
cblr-1726	1026	27	2008	2008	NUM
cblr-1726	1026	28	)	)	PUNCT
cblr-1726	1026	29	.	.	PUNCT
cblr-1726	1027	1	for	for	ADP
cblr-1726	1027	2	a	a	DET
cblr-1726	1027	3	summary	summary	NOUN
cblr-1726	1027	4	of	of	ADP
cblr-1726	1027	5	the	the	DET
cblr-1726	1027	6	development	development	NOUN
cblr-1726	1027	7	of	of	ADP
cblr-1726	1027	8	,	,	PUNCT
cblr-1726	1027	9	and	and	CCONJ
cblr-1726	1027	10	debates	debate	NOUN
cblr-1726	1027	11	surrounding	surround	VERB
cblr-1726	1027	12	,	,	PUNCT
cblr-1726	1027	13	these	these	DET
cblr-1726	1027	14	earlier	early	ADJ
cblr-1726	1027	15	initiatives	initiative	NOUN
cblr-1726	1027	16	,	,	PUNCT
cblr-1726	1027	17	see	see	VERB
cblr-1726	1027	18	generally	generally	ADV
cblr-1726	1027	19	roberto	roberto	PROPN
cblr-1726	1027	20	marino	marino	PROPN
cblr-1726	1027	21	&	&	CCONJ
cblr-1726	1027	22	ulrich	ulrich	PROPN
cblr-1726	1027	23	volz	volz	PROPN
cblr-1726	1027	24	,	,	PUNCT
cblr-1726	1027	25	a	a	DET
cblr-1726	1027	26	critical	critical	ADJ
cblr-1726	1027	27	review	review	NOUN
cblr-1726	1027	28	of	of	ADP
cblr-1726	1027	29	the	the	DET
cblr-1726	1027	30	imf	imf	PROPN
cblr-1726	1027	31	’s	’s	PART
cblr-1726	1027	32	tools	tool	NOUN
cblr-1726	1027	33	for	for	ADP
cblr-1726	1027	34	crisis	crisis	NOUN
cblr-1726	1027	35	prevention	prevention	NOUN
cblr-1726	1027	36	(	(	PUNCT
cblr-1726	1027	37	ger	ger	NOUN
cblr-1726	1027	38	.	.	PUNCT
cblr-1726	1028	1	dev	dev	PROPN
cblr-1726	1028	2	.	.	PUNCT
cblr-1726	1028	3	inst	inst	PROPN
cblr-1726	1028	4	.	.	PROPN
cblr-1726	1028	5	,	,	PUNCT
cblr-1726	1028	6	paper	paper	NOUN
cblr-1726	1028	7	no	no	INTJ
cblr-1726	1028	8	.	.	PUNCT
cblr-1726	1029	1	4/2012	4/2012	NUM
cblr-1726	1029	2	,	,	PUNCT
cblr-1726	1029	3	2012	2012	NUM
cblr-1726	1029	4	)	)	PUNCT
cblr-1726	1029	5	.	.	PUNCT
cblr-1726	1030	1	the	the	DET
cblr-1726	1030	2	imf	imf	PROPN
cblr-1726	1030	3	has	have	AUX
cblr-1726	1030	4	also	also	ADV
cblr-1726	1030	5	recently	recently	ADV
cblr-1726	1030	6	introduced	introduce	VERB
cblr-1726	1030	7	the	the	DET
cblr-1726	1030	8	rapid	rapid	ADJ
cblr-1726	1030	9	financing	financing	NOUN
cblr-1726	1030	10	instrument	instrument	NOUN
cblr-1726	1030	11	(	(	PUNCT
cblr-1726	1030	12	“	"	PUNCT
cblr-1726	1030	13	rfi	rfi	NOUN
cblr-1726	1030	14	”	"	PUNCT
cblr-1726	1030	15	)	)	PUNCT
cblr-1726	1030	16	for	for	ADP
cblr-1726	1030	17	member	member	NOUN
cblr-1726	1030	18	countries	country	NOUN
cblr-1726	1030	19	facing	face	VERB
cblr-1726	1030	20	urgent	urgent	ADJ
cblr-1726	1030	21	balance	balance	NOUN
cblr-1726	1030	22	of	of	ADP
cblr-1726	1030	23	payment	payment	NOUN
cblr-1726	1030	24	problems	problem	NOUN
cblr-1726	1030	25	;	;	PUNCT
cblr-1726	1030	26	see	see	VERB
cblr-1726	1030	27	the	the	DET
cblr-1726	1030	28	imf	imf	PROPN
cblr-1726	1030	29	’s	’s	PART
cblr-1726	1030	30	rapid	rapid	ADJ
cblr-1726	1030	31	financing	financing	NOUN
cblr-1726	1030	32	instrument	instrument	NOUN
cblr-1726	1030	33	(	(	PUNCT
cblr-1726	1030	34	rfi	rfi	PROPN
cblr-1726	1030	35	)	)	PUNCT
cblr-1726	1030	36	,	,	PUNCT
cblr-1726	1030	37	imf	imf	PROPN
cblr-1726	1030	38	(	(	PUNCT
cblr-1726	1030	39	oct	oct	PROPN
cblr-1726	1030	40	.	.	PROPN
cblr-1726	1030	41	13	13	NUM
cblr-1726	1030	42	,	,	PUNCT
cblr-1726	1030	43	2017	2017	NUM
cblr-1726	1030	44	)	)	PUNCT
cblr-1726	1030	45	,	,	PUNCT
cblr-1726	1030	46	http://www.imf.org/en/about/factsheets/sheets/2016/08/02/19/55/rapid-financing-instrument	http://www.imf.org/en/about/factsheets/sheets/2016/08/02/19/55/rapid-financing-instrument	NOUN
cblr-1726	1030	47	[	[	X
cblr-1726	1030	48	perma.cc/y6zx-azp6	perma.cc/y6zx-azp6	ADP
cblr-1726	1030	49	]	]	PUNCT
cblr-1726	1030	50	.	.	PUNCT
cblr-1726	1031	1	however	however	ADV
cblr-1726	1031	2	,	,	PUNCT
cblr-1726	1031	3	rfi	rfi	PROPN
cblr-1726	1031	4	loans	loan	NOUN
cblr-1726	1031	5	are	be	AUX
cblr-1726	1031	6	capped	cap	VERB
cblr-1726	1031	7	at	at	ADP
cblr-1726	1031	8	37.5	37.5	NUM
cblr-1726	1031	9	%	%	NOUN
cblr-1726	1031	10	of	of	ADP
cblr-1726	1031	11	a	a	DET
cblr-1726	1031	12	member	member	NOUN
cblr-1726	1031	13	country	country	NOUN
cblr-1726	1031	14	’s	’s	PART
cblr-1726	1031	15	quota	quota	NOUN
cblr-1726	1031	16	on	on	ADP
cblr-1726	1031	17	an	an	DET
cblr-1726	1031	18	annual	annual	ADJ
cblr-1726	1031	19	basis	basis	NOUN
cblr-1726	1031	20	and	and	CCONJ
cblr-1726	1031	21	75	75	NUM
cblr-1726	1031	22	%	%	NOUN
cblr-1726	1031	23	on	on	ADP
cblr-1726	1031	24	a	a	DET
cblr-1726	1031	25	cumulative	cumulative	ADJ
cblr-1726	1031	26	basis	basis	NOUN
cblr-1726	1031	27	.	.	PUNCT
cblr-1726	1032	1	rfi	rfi	NOUN
cblr-1726	1032	2	loans	loan	NOUN
cblr-1726	1032	3	are	be	AUX
cblr-1726	1032	4	also	also	ADV
cblr-1726	1032	5	subject	subject	ADJ
cblr-1726	1032	6	to	to	ADP
cblr-1726	1032	7	same	same	ADJ
cblr-1726	1032	8	terms	term	NOUN
cblr-1726	1032	9	as	as	ADP
cblr-1726	1032	10	the	the	DET
cblr-1726	1032	11	fcl	fcl	PROPN
cblr-1726	1032	12	and	and	CCONJ
cblr-1726	1032	13	pll	pll	PROPN
cblr-1726	1032	14	.	.	PUNCT
cblr-1726	1033	1	i	i	PRON
cblr-1726	1033	2	d.	d.	PROPN
cblr-1726	1033	3	251	251	NUM
cblr-1726	1033	4	see	see	VERB
cblr-1726	1033	5	the	the	DET
cblr-1726	1033	6	imf	imf	PROPN
cblr-1726	1033	7	’s	’s	PART
cblr-1726	1033	8	flexible	flexible	ADJ
cblr-1726	1033	9	credit	credit	NOUN
cblr-1726	1033	10	line	line	NOUN
cblr-1726	1033	11	(	(	PUNCT
cblr-1726	1033	12	fcl	fcl	PROPN
cblr-1726	1033	13	)	)	PUNCT
cblr-1726	1033	14	,	,	PUNCT
cblr-1726	1033	15	imf	imf	PROPN
cblr-1726	1033	16	(	(	PUNCT
cblr-1726	1033	17	oct	oct	PROPN
cblr-1726	1033	18	.	.	PROPN
cblr-1726	1033	19	5	5	NUM
cblr-1726	1033	20	,	,	PUNCT
cblr-1726	1033	21	2017	2017	NUM
cblr-1726	1033	22	)	)	PUNCT
cblr-1726	1033	23	,	,	PUNCT
cblr-1726	1033	24	http://www.imf.org/en/about/factsheets/sheets/2016/08/01/20/40/flexiblecredit-line	http://www.imf.org/en/about/factsheets/sheets/2016/08/01/20/40/flexiblecredit-line	PROPN
cblr-1726	1033	25	[	[	X
cblr-1726	1033	26	perma.cc/89mw-6u8p	perma.cc/89mw-6u8p	X
cblr-1726	1033	27	]	]	PUNCT
cblr-1726	1033	28	.	.	PUNCT
cblr-1726	1034	1	252	252	NUM
cblr-1726	1034	2	i	i	PRON
cblr-1726	1034	3	d.	d.	PROPN
cblr-1726	1034	4	at	at	ADP
cblr-1726	1034	5	the	the	DET
cblr-1726	1034	6	same	same	ADJ
cblr-1726	1034	7	time	time	NOUN
cblr-1726	1034	8	,	,	PUNCT
cblr-1726	1034	9	the	the	DET
cblr-1726	1034	10	imf	imf	PROPN
cblr-1726	1034	11	has	have	AUX
cblr-1726	1034	12	signaled	signal	VERB
cblr-1726	1034	13	that	that	SCONJ
cblr-1726	1034	14	member	member	NOUN
cblr-1726	1034	15	countries	country	NOUN
cblr-1726	1034	16	do	do	AUX
cblr-1726	1034	17	not	not	PART
cblr-1726	1034	18	need	need	VERB
cblr-1726	1034	19	to	to	PART
cblr-1726	1034	20	show	show	VERB
cblr-1726	1034	21	strong	strong	ADJ
cblr-1726	1034	22	performance	performance	NOUN
cblr-1726	1034	23	against	against	ADP
cblr-1726	1034	24	all	all	DET
cblr-1726	1034	25	these	these	DET
cblr-1726	1034	26	criteria	criterion	NOUN
cblr-1726	1034	27	.	.	PUNCT
cblr-1726	1035	1	see	see	VERB
cblr-1726	1035	2	imf	imf	PROPN
cblr-1726	1035	3	,	,	PUNCT
cblr-1726	1035	4	the	the	DET
cblr-1726	1035	5	flexible	flexible	ADJ
cblr-1726	1035	6	credit	credit	NOUN
cblr-1726	1035	7	line	line	NOUN
cblr-1726	1035	8	—	—	PUNCT
cblr-1726	1035	9	guidance	guidance	NOUN
cblr-1726	1035	10	on	on	ADP
cblr-1726	1035	11	operational	operational	ADJ
cblr-1726	1035	12	issues	issue	NOUN
cblr-1726	1035	13	(	(	PUNCT
cblr-1726	1035	14	2009	2009	NUM
cblr-1726	1035	15	)	)	PUNCT
cblr-1726	1035	16	,	,	PUNCT
cblr-1726	1035	17	awrey	awrey	NOUN
cblr-1726	1035	18	–	–	PUNCT
cblr-1726	1035	19	final	final	ADJ
cblr-1726	1035	20	no	no	NOUN
cblr-1726	1035	21	.	.	PUNCT
cblr-1726	1036	1	3:934	3:934	X
cblr-1726	1036	2	]	]	X
cblr-1726	1036	3	foreign	foreign	ADJ
cblr-1726	1036	4	currency	currency	NOUN
cblr-1726	1036	5	liquidity	liquidity	NOUN
cblr-1726	1036	6	assistance	assistance	NOUN
cblr-1726	1036	7	1011	1011	NUM
cblr-1726	1036	8	to	to	PART
cblr-1726	1036	9	draw	draw	VERB
cblr-1726	1036	10	on	on	ADP
cblr-1726	1036	11	the	the	DET
cblr-1726	1036	12	fcl	fcl	NOUN
cblr-1726	1036	13	at	at	ADP
cblr-1726	1036	14	any	any	DET
cblr-1726	1036	15	time	time	NOUN
cblr-1726	1036	16	during	during	ADP
cblr-1726	1036	17	the	the	DET
cblr-1726	1036	18	term	term	NOUN
cblr-1726	1036	19	of	of	ADP
cblr-1726	1036	20	the	the	DET
cblr-1726	1036	21	facility	facility	NOUN
cblr-1726	1036	22	without	without	ADP
cblr-1726	1036	23	the	the	DET
cblr-1726	1036	24	need	need	NOUN
cblr-1726	1036	25	to	to	PART
cblr-1726	1036	26	satisfy	satisfy	VERB
cblr-1726	1036	27	further	further	ADJ
cblr-1726	1036	28	conditions	condition	NOUN
cblr-1726	1036	29	.	.	PUNCT
cblr-1726	1037	1	the	the	DET
cblr-1726	1037	2	amount	amount	NOUN
cblr-1726	1037	3	that	that	PRON
cblr-1726	1037	4	member	member	NOUN
cblr-1726	1037	5	countries	country	NOUN
cblr-1726	1037	6	can	can	AUX
cblr-1726	1037	7	borrow	borrow	VERB
cblr-1726	1037	8	is	be	AUX
cblr-1726	1037	9	theoretically	theoretically	ADV
cblr-1726	1037	10	unlimited	unlimited	ADJ
cblr-1726	1037	11	,	,	PUNCT
cblr-1726	1037	12	but	but	CCONJ
cblr-1726	1037	13	ultimately	ultimately	ADV
cblr-1726	1037	14	subject	subject	ADJ
cblr-1726	1037	15	to	to	ADP
cblr-1726	1037	16	the	the	DET
cblr-1726	1037	17	general	general	ADJ
cblr-1726	1037	18	constraints	constraint	NOUN
cblr-1726	1037	19	on	on	ADP
cblr-1726	1037	20	the	the	DET
cblr-1726	1037	21	imf	imf	PROPN
cblr-1726	1037	22	’s	’s	PART
cblr-1726	1037	23	financial	financial	ADJ
cblr-1726	1037	24	resources	resource	NOUN
cblr-1726	1037	25	.	.	PUNCT
cblr-1726	1038	1	member	member	NOUN
cblr-1726	1038	2	countries	country	NOUN
cblr-1726	1038	3	that	that	PRON
cblr-1726	1038	4	qualify	qualify	VERB
cblr-1726	1038	5	for	for	ADP
cblr-1726	1038	6	access	access	NOUN
cblr-1726	1038	7	to	to	ADP
cblr-1726	1038	8	the	the	DET
cblr-1726	1038	9	fcl	fcl	PROPN
cblr-1726	1038	10	must	must	AUX
cblr-1726	1038	11	pay	pay	VERB
cblr-1726	1038	12	a	a	DET
cblr-1726	1038	13	commitment	commitment	NOUN
cblr-1726	1038	14	fee	fee	NOUN
cblr-1726	1038	15	and	and	CCONJ
cblr-1726	1038	16	,	,	PUNCT
cblr-1726	1038	17	when	when	SCONJ
cblr-1726	1038	18	drawn	draw	VERB
cblr-1726	1038	19	upon	upon	SCONJ
cblr-1726	1038	20	,	,	PUNCT
cblr-1726	1038	21	an	an	DET
cblr-1726	1038	22	interest	interest	NOUN
cblr-1726	1038	23	rate	rate	NOUN
cblr-1726	1038	24	that	that	PRON
cblr-1726	1038	25	varies	vary	VERB
cblr-1726	1038	26	with	with	ADP
cblr-1726	1038	27	the	the	DET
cblr-1726	1038	28	amount	amount	NOUN
cblr-1726	1038	29	borrowed	borrow	VERB
cblr-1726	1038	30	and	and	CCONJ
cblr-1726	1038	31	the	the	DET
cblr-1726	1038	32	time	time	NOUN
cblr-1726	1038	33	that	that	PRON
cblr-1726	1038	34	borrowed	borrow	VERB
cblr-1726	1038	35	funds	fund	NOUN
cblr-1726	1038	36	remain	remain	VERB
cblr-1726	1038	37	outstanding.253	outstanding.253	ADJ
cblr-1726	1038	38	to	to	ADP
cblr-1726	1038	39	date	date	NOUN
cblr-1726	1038	40	,	,	PUNCT
cblr-1726	1038	41	the	the	DET
cblr-1726	1038	42	only	only	ADJ
cblr-1726	1038	43	countries	country	NOUN
cblr-1726	1038	44	that	that	PRON
cblr-1726	1038	45	have	have	AUX
cblr-1726	1038	46	applied	apply	VERB
cblr-1726	1038	47	for	for	ADP
cblr-1726	1038	48	access	access	NOUN
cblr-1726	1038	49	to	to	ADP
cblr-1726	1038	50	the	the	DET
cblr-1726	1038	51	fcl	fcl	PROPN
cblr-1726	1038	52	are	be	AUX
cblr-1726	1038	53	mexico	mexico	PROPN
cblr-1726	1038	54	,	,	PUNCT
cblr-1726	1038	55	poland	poland	PROPN
cblr-1726	1038	56	,	,	PUNCT
cblr-1726	1038	57	and	and	CCONJ
cblr-1726	1038	58	colombia	colombia	PROPN
cblr-1726	1038	59	—	—	PUNCT
cblr-1726	1038	60	with	with	ADP
cblr-1726	1038	61	none	none	NOUN
cblr-1726	1038	62	of	of	ADP
cblr-1726	1038	63	these	these	DET
cblr-1726	1038	64	countries	country	NOUN
cblr-1726	1038	65	having	having	AUX
cblr-1726	1038	66	thus	thus	ADV
cblr-1726	1038	67	far	far	ADV
cblr-1726	1038	68	drawn	draw	VERB
cblr-1726	1038	69	down	down	ADP
cblr-1726	1038	70	under	under	ADP
cblr-1726	1038	71	this	this	DET
cblr-1726	1038	72	new	new	ADJ
cblr-1726	1038	73	facility	facility	NOUN
cblr-1726	1038	74	.	.	PUNCT
cblr-1726	1039	1	introduced	introduce	VERB
cblr-1726	1039	2	in	in	ADP
cblr-1726	1039	3	november	november	PROPN
cblr-1726	1039	4	2011	2011	NUM
cblr-1726	1039	5	,	,	PUNCT
cblr-1726	1039	6	the	the	DET
cblr-1726	1039	7	pll	pll	PROPN
cblr-1726	1039	8	is	be	AUX
cblr-1726	1039	9	designed	design	VERB
cblr-1726	1039	10	to	to	PART
cblr-1726	1039	11	provide	provide	VERB
cblr-1726	1039	12	emergency	emergency	NOUN
cblr-1726	1039	13	liquidity	liquidity	NOUN
cblr-1726	1039	14	assistance	assistance	NOUN
cblr-1726	1039	15	to	to	ADP
cblr-1726	1039	16	member	member	NOUN
cblr-1726	1039	17	countries	country	NOUN
cblr-1726	1039	18	that	that	PRON
cblr-1726	1039	19	do	do	AUX
cblr-1726	1039	20	not	not	PART
cblr-1726	1039	21	meet	meet	VERB
cblr-1726	1039	22	the	the	DET
cblr-1726	1039	23	ex	ex	NOUN
cblr-1726	1039	24	ante	ante	NOUN
cblr-1726	1039	25	qualifications	qualification	NOUN
cblr-1726	1039	26	for	for	ADP
cblr-1726	1039	27	access	access	NOUN
cblr-1726	1039	28	to	to	ADP
cblr-1726	1039	29	the	the	DET
cblr-1726	1039	30	fcl.254	fcl.254	NOUN
cblr-1726	1039	31	in	in	ADP
cblr-1726	1039	32	addition	addition	NOUN
cblr-1726	1039	33	to	to	ADP
cblr-1726	1039	34	meeting	meet	VERB
cblr-1726	1039	35	a	a	DET
cblr-1726	1039	36	less	less	ADV
cblr-1726	1039	37	stringent	stringent	ADJ
cblr-1726	1039	38	set	set	NOUN
cblr-1726	1039	39	of	of	ADP
cblr-1726	1039	40	qualifications	qualification	NOUN
cblr-1726	1039	41	,	,	PUNCT
cblr-1726	1039	42	member	member	NOUN
cblr-1726	1039	43	countries	country	NOUN
cblr-1726	1039	44	borrowing	borrow	VERB
cblr-1726	1039	45	under	under	ADP
cblr-1726	1039	46	the	the	DET
cblr-1726	1039	47	pll	pll	NOUN
cblr-1726	1039	48	are	be	AUX
cblr-1726	1039	49	subject	subject	ADJ
cblr-1726	1039	50	to	to	ADP
cblr-1726	1039	51	ex	ex	ADJ
cblr-1726	1039	52	post	post	NOUN
cblr-1726	1039	53	conditions	condition	NOUN
cblr-1726	1039	54	reflecting	reflect	VERB
cblr-1726	1039	55	the	the	DET
cblr-1726	1039	56	imf	imf	PROPN
cblr-1726	1039	57	’s	’s	PART
cblr-1726	1039	58	assessment	assessment	NOUN
cblr-1726	1039	59	of	of	ADP
cblr-1726	1039	60	their	their	PRON
cblr-1726	1039	61	potential	potential	ADJ
cblr-1726	1039	62	vulnerabilities.255	vulnerabilities.255	ADJ
cblr-1726	1039	63	compliance	compliance	NOUN
cblr-1726	1039	64	with	with	ADP
cblr-1726	1039	65	these	these	DET
cblr-1726	1039	66	conditions	condition	NOUN
cblr-1726	1039	67	is	be	AUX
cblr-1726	1039	68	then	then	ADV
cblr-1726	1039	69	monitored	monitor	VERB
cblr-1726	1039	70	and	and	CCONJ
cblr-1726	1039	71	assessed	assess	VERB
cblr-1726	1039	72	by	by	ADP
cblr-1726	1039	73	the	the	DET
cblr-1726	1039	74	imf	imf	PROPN
cblr-1726	1039	75	executive	executive	PROPN
cblr-1726	1039	76	board	board	NOUN
cblr-1726	1039	77	on	on	ADP
cblr-1726	1039	78	a	a	DET
cblr-1726	1039	79	semi	semi	ADJ
cblr-1726	1039	80	-	-	ADJ
cblr-1726	1039	81	annual	annual	ADJ
cblr-1726	1039	82	basis	basis	NOUN
cblr-1726	1039	83	.	.	PUNCT
cblr-1726	1040	1	once	once	ADV
cblr-1726	1040	2	qualified	qualified	ADJ
cblr-1726	1040	3	,	,	PUNCT
cblr-1726	1040	4	member	member	NOUN
cblr-1726	1040	5	countries	country	NOUN
cblr-1726	1040	6	can	can	AUX
cblr-1726	1040	7	borrow	borrow	VERB
cblr-1726	1040	8	up	up	ADP
cblr-1726	1040	9	to	to	PART
cblr-1726	1040	10	250	250	NUM
cblr-1726	1040	11	%	%	NOUN
cblr-1726	1040	12	of	of	ADP
cblr-1726	1040	13	their	their	PRON
cblr-1726	1040	14	quota	quota	NOUN
cblr-1726	1040	15	per	per	ADP
cblr-1726	1040	16	year	year	NOUN
cblr-1726	1040	17	,	,	PUNCT
cblr-1726	1040	18	depending	depend	VERB
cblr-1726	1040	19	on	on	ADP
cblr-1726	1040	20	the	the	DET
cblr-1726	1040	21	duration	duration	NOUN
cblr-1726	1040	22	of	of	ADP
cblr-1726	1040	23	the	the	DET
cblr-1726	1040	24	loan	loan	NOUN
cblr-1726	1040	25	and	and	CCONJ
cblr-1726	1040	26	the	the	DET
cblr-1726	1040	27	source	source	NOUN
cblr-1726	1040	28	and	and	CCONJ
cblr-1726	1040	29	severity	severity	NOUN
cblr-1726	1040	30	of	of	ADP
cblr-1726	1040	31	the	the	DET
cblr-1726	1040	32	economic	economic	ADJ
cblr-1726	1040	33	shock	shock	NOUN
cblr-1726	1040	34	precipitating	precipitate	VERB
cblr-1726	1040	35	the	the	DET
cblr-1726	1040	36	need	need	NOUN
cblr-1726	1040	37	for	for	ADP
cblr-1726	1040	38	emergency	emergency	NOUN
cblr-1726	1040	39	liquidity	liquidity	NOUN
cblr-1726	1040	40	assistance.256	assistance.256	PROPN
cblr-1726	1040	41	qualified	qualified	ADJ
cblr-1726	1040	42	countries	country	NOUN
cblr-1726	1040	43	must	must	AUX
cblr-1726	1040	44	pay	pay	VERB
cblr-1726	1040	45	a	a	DET
cblr-1726	1040	46	commitment	commitment	NOUN
cblr-1726	1040	47	fee	fee	NOUN
cblr-1726	1040	48	,	,	PUNCT
cblr-1726	1040	49	plus	plus	CCONJ
cblr-1726	1040	50	interest	interest	NOUN
cblr-1726	1040	51	and	and	CCONJ
cblr-1726	1040	52	service	service	NOUN
cblr-1726	1040	53	charges	charge	NOUN
cblr-1726	1040	54	on	on	ADP
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cblr-1726	1040	56	drawn	draw	VERB
cblr-1726	1040	57	amounts.257	amounts.257	NOUN
cblr-1726	1040	58	http://www.imf.org/external/np/pp/eng/2009/110209.pdf	http://www.imf.org/external/np/pp/eng/2009/110209.pdf	ADJ
cblr-1726	1040	59	[	[	X
cblr-1726	1040	60	perma.cc/35cvkxx3	perma.cc/35cvkxx3	NOUN
cblr-1726	1040	61	]	]	X
cblr-1726	1040	62	.	.	PUNCT
cblr-1726	1041	1	253	253	NUM
cblr-1726	1041	2	drawn	draw	VERB
cblr-1726	1041	3	amounts	amount	NOUN
cblr-1726	1041	4	are	be	AUX
cblr-1726	1041	5	also	also	ADV
cblr-1726	1041	6	subject	subject	ADJ
cblr-1726	1041	7	to	to	ADP
cblr-1726	1041	8	a	a	DET
cblr-1726	1041	9	service	service	NOUN
cblr-1726	1041	10	charge	charge	NOUN
cblr-1726	1041	11	of	of	ADP
cblr-1726	1041	12	fifty	fifty	NUM
cblr-1726	1041	13	basis	basis	NOUN
cblr-1726	1041	14	points	point	NOUN
cblr-1726	1041	15	.	.	PUNCT
cblr-1726	1042	1	for	for	ADP
cblr-1726	1042	2	a	a	DET
cblr-1726	1042	3	more	more	ADV
cblr-1726	1042	4	detailed	detailed	ADJ
cblr-1726	1042	5	description	description	NOUN
cblr-1726	1042	6	of	of	ADP
cblr-1726	1042	7	the	the	DET
cblr-1726	1042	8	methodology	methodology	NOUN
cblr-1726	1042	9	for	for	ADP
cblr-1726	1042	10	calculating	calculate	VERB
cblr-1726	1042	11	the	the	DET
cblr-1726	1042	12	commitment	commitment	NOUN
cblr-1726	1042	13	fee	fee	NOUN
cblr-1726	1042	14	,	,	PUNCT
cblr-1726	1042	15	interest	interest	NOUN
cblr-1726	1042	16	rate	rate	NOUN
cblr-1726	1042	17	,	,	PUNCT
cblr-1726	1042	18	and	and	CCONJ
cblr-1726	1042	19	service	service	NOUN
cblr-1726	1042	20	charge	charge	NOUN
cblr-1726	1042	21	,	,	PUNCT
cblr-1726	1042	22	see	see	VERB
cblr-1726	1042	23	the	the	DET
cblr-1726	1042	24	imf	imf	PROPN
cblr-1726	1042	25	’s	’s	PART
cblr-1726	1042	26	flexible	flexible	ADJ
cblr-1726	1042	27	credit	credit	NOUN
cblr-1726	1042	28	line	line	NOUN
cblr-1726	1042	29	(	(	PUNCT
cblr-1726	1042	30	fcl	fcl	PROPN
cblr-1726	1042	31	)	)	PUNCT
cblr-1726	1042	32	,	,	PUNCT
cblr-1726	1042	33	supra	supra	PROPN
cblr-1726	1042	34	note	note	VERB
cblr-1726	1042	35	251	251	NUM
cblr-1726	1042	36	.	.	PUNCT
cblr-1726	1042	37	254	254	NUM
cblr-1726	1042	38	the	the	DET
cblr-1726	1042	39	pll	pll	PROPN
cblr-1726	1042	40	replaced	replace	VERB
cblr-1726	1042	41	the	the	DET
cblr-1726	1042	42	precautionary	precautionary	ADJ
cblr-1726	1042	43	credit	credit	NOUN
cblr-1726	1042	44	line	line	NOUN
cblr-1726	1042	45	introduced	introduce	VERB
cblr-1726	1042	46	in	in	ADP
cblr-1726	1042	47	august	august	PROPN
cblr-1726	1042	48	2010	2010	NUM
cblr-1726	1042	49	.	.	PUNCT
cblr-1726	1043	1	see	see	VERB
cblr-1726	1043	2	the	the	DET
cblr-1726	1043	3	imf	imf	PROPN
cblr-1726	1043	4	’s	’s	PART
cblr-1726	1043	5	precautionary	precautionary	ADJ
cblr-1726	1043	6	and	and	CCONJ
cblr-1726	1043	7	liquidity	liquidity	NOUN
cblr-1726	1043	8	line	line	NOUN
cblr-1726	1043	9	(	(	PUNCT
cblr-1726	1043	10	pll	pll	PROPN
cblr-1726	1043	11	)	)	PUNCT
cblr-1726	1043	12	,	,	PUNCT
cblr-1726	1043	13	imf	imf	PROPN
cblr-1726	1043	14	(	(	PUNCT
cblr-1726	1043	15	oct	oct	PROPN
cblr-1726	1043	16	.	.	PROPN
cblr-1726	1043	17	10	10	NUM
cblr-1726	1043	18	,	,	PUNCT
cblr-1726	1043	19	2017	2017	NUM
cblr-1726	1043	20	)	)	PUNCT
cblr-1726	1043	21	,	,	PUNCT
cblr-1726	1043	22	http://www.imf.org/en/about/factsheets/sheets/2016/08/	http://www.imf.org/en/about/factsheets/sheets/2016/08/	NOUN
cblr-1726	1043	23	01/20/45	01/20/45	CCONJ
cblr-1726	1043	24	/	/	SYM
cblr-1726	1043	25	precautionary	precautionary	ADJ
cblr-1726	1043	26	-	-	PUNCT
cblr-1726	1043	27	and	and	CCONJ
cblr-1726	1043	28	-	-	PUNCT
cblr-1726	1043	29	liquidity	liquidity	NOUN
cblr-1726	1043	30	-	-	PUNCT
cblr-1726	1043	31	line	line	NOUN
cblr-1726	1043	32	[	[	X
cblr-1726	1043	33	perma.cc/k9qk-5fp2	perma.cc/k9qk-5fp2	NOUN
cblr-1726	1043	34	]	]	PUNCT
cblr-1726	1043	35	.	.	PUNCT
cblr-1726	1044	1	255	255	NUM
cblr-1726	1045	1	i	i	PRON
cblr-1726	1045	2	d.	d.	PROPN
cblr-1726	1045	3	256	256	NUM
cblr-1726	1046	1	i	i	PROPN
cblr-1726	1046	2	d.	d.	PROPN
cblr-1726	1046	3	257	257	NUM
cblr-1726	1046	4	i	i	PRON
cblr-1726	1046	5	d.	d.	PROPN
cblr-1726	1046	6	awrey	awrey	PROPN
cblr-1726	1046	7	–	–	PUNCT
cblr-1726	1046	8	final	final	ADJ
cblr-1726	1046	9	1012	1012	NUM
cblr-1726	1046	10	columbia	columbia	PROPN
cblr-1726	1046	11	business	business	NOUN
cblr-1726	1046	12	law	law	PROPN
cblr-1726	1046	13	review	review	NOUN
cblr-1726	1046	14	[	[	X
cblr-1726	1046	15	vol	vol	NOUN
cblr-1726	1046	16	.	.	NOUN
cblr-1726	1046	17	2017	2017	NUM
cblr-1726	1046	18	to	to	ADP
cblr-1726	1046	19	date	date	NOUN
cblr-1726	1046	20	,	,	PUNCT
cblr-1726	1046	21	the	the	DET
cblr-1726	1046	22	only	only	ADJ
cblr-1726	1046	23	countries	country	NOUN
cblr-1726	1046	24	to	to	PART
cblr-1726	1046	25	have	have	AUX
cblr-1726	1046	26	applied	apply	VERB
cblr-1726	1046	27	for	for	ADP
cblr-1726	1046	28	access	access	NOUN
cblr-1726	1046	29	to	to	ADP
cblr-1726	1046	30	the	the	DET
cblr-1726	1046	31	pll	pll	NOUN
cblr-1726	1046	32	are	be	AUX
cblr-1726	1046	33	macedonia	macedonia	NOUN
cblr-1726	1046	34	and	and	CCONJ
cblr-1726	1046	35	morocco.258	morocco.258	PROPN
cblr-1726	1046	36	while	while	SCONJ
cblr-1726	1046	37	still	still	ADV
cblr-1726	1046	38	essentially	essentially	ADV
cblr-1726	1046	39	untested	untested	ADJ
cblr-1726	1046	40	,	,	PUNCT
cblr-1726	1046	41	the	the	DET
cblr-1726	1046	42	fcl	fcl	PROPN
cblr-1726	1046	43	and	and	CCONJ
cblr-1726	1046	44	pll	pll	PROPN
cblr-1726	1046	45	represent	represent	VERB
cblr-1726	1046	46	an	an	DET
cblr-1726	1046	47	important	important	ADJ
cblr-1726	1046	48	step	step	NOUN
cblr-1726	1046	49	in	in	ADP
cblr-1726	1046	50	the	the	DET
cblr-1726	1046	51	development	development	NOUN
cblr-1726	1046	52	of	of	ADP
cblr-1726	1046	53	a	a	DET
cblr-1726	1046	54	credible	credible	ADJ
cblr-1726	1046	55	multilateral	multilateral	ADJ
cblr-1726	1046	56	mechanism	mechanism	NOUN
cblr-1726	1046	57	for	for	ADP
cblr-1726	1046	58	the	the	DET
cblr-1726	1046	59	provision	provision	NOUN
cblr-1726	1046	60	of	of	ADP
cblr-1726	1046	61	fcla	fcla	NOUN
cblr-1726	1046	62	.	.	PUNCT
cblr-1726	1047	1	perhaps	perhaps	ADV
cblr-1726	1047	2	most	most	ADV
cblr-1726	1047	3	importantly	importantly	ADV
cblr-1726	1047	4	,	,	PUNCT
cblr-1726	1047	5	the	the	DET
cblr-1726	1047	6	design	design	NOUN
cblr-1726	1047	7	of	of	ADP
cblr-1726	1047	8	these	these	DET
cblr-1726	1047	9	facilities	facility	NOUN
cblr-1726	1047	10	reflects	reflect	VERB
cblr-1726	1047	11	a	a	DET
cblr-1726	1047	12	discernable	discernable	ADJ
cblr-1726	1047	13	shift	shift	NOUN
cblr-1726	1047	14	in	in	ADP
cblr-1726	1047	15	the	the	DET
cblr-1726	1047	16	imf	imf	PROPN
cblr-1726	1047	17	’s	’s	PART
cblr-1726	1047	18	focus	focus	NOUN
cblr-1726	1047	19	from	from	ADP
cblr-1726	1047	20	financial	financial	ADJ
cblr-1726	1047	21	crisis	crisis	NOUN
cblr-1726	1047	22	firefighting	firefighting	NOUN
cblr-1726	1047	23	toward	toward	ADP
cblr-1726	1047	24	meaningful	meaningful	ADJ
cblr-1726	1047	25	fire	fire	NOUN
cblr-1726	1047	26	prevention	prevention	NOUN
cblr-1726	1047	27	.	.	PUNCT
cblr-1726	1048	1	this	this	DET
cblr-1726	1048	2	shift	shift	NOUN
cblr-1726	1048	3	is	be	AUX
cblr-1726	1048	4	most	most	ADV
cblr-1726	1048	5	clearly	clearly	ADV
cblr-1726	1048	6	reflected	reflect	VERB
cblr-1726	1048	7	in	in	ADP
cblr-1726	1048	8	the	the	DET
cblr-1726	1048	9	fcl	fcl	PROPN
cblr-1726	1048	10	’s	’s	PART
cblr-1726	1048	11	utilization	utilization	NOUN
cblr-1726	1048	12	of	of	ADP
cblr-1726	1048	13	ex	ex	NOUN
cblr-1726	1048	14	ante	ante	NOUN
cblr-1726	1048	15	qualifications	qualification	NOUN
cblr-1726	1048	16	as	as	SCONJ
cblr-1726	1048	17	opposed	oppose	VERB
cblr-1726	1048	18	to	to	ADP
cblr-1726	1048	19	ex	ex	ADJ
cblr-1726	1048	20	post	post	NOUN
cblr-1726	1048	21	conditionality	conditionality	NOUN
cblr-1726	1048	22	.	.	PUNCT
cblr-1726	1049	1	the	the	DET
cblr-1726	1049	2	use	use	NOUN
cblr-1726	1049	3	of	of	ADP
cblr-1726	1049	4	ex	ex	ADJ
cblr-1726	1049	5	ante	ante	NOUN
cblr-1726	1049	6	qualifications	qualification	NOUN
cblr-1726	1049	7	injects	inject	VERB
cblr-1726	1049	8	a	a	DET
cblr-1726	1049	9	degree	degree	NOUN
cblr-1726	1049	10	of	of	ADP
cblr-1726	1049	11	certainty	certainty	NOUN
cblr-1726	1049	12	from	from	ADP
cblr-1726	1049	13	the	the	DET
cblr-1726	1049	14	perspective	perspective	NOUN
cblr-1726	1049	15	of	of	ADP
cblr-1726	1049	16	potential	potential	ADJ
cblr-1726	1049	17	creditor	creditor	NOUN
cblr-1726	1049	18	countries	country	NOUN
cblr-1726	1049	19	that	that	SCONJ
cblr-1726	1049	20	they	they	PRON
cblr-1726	1049	21	will	will	AUX
cblr-1726	1049	22	have	have	VERB
cblr-1726	1049	23	immediate	immediate	ADJ
cblr-1726	1049	24	and	and	CCONJ
cblr-1726	1049	25	unconditional	unconditional	ADJ
cblr-1726	1049	26	access	access	NOUN
cblr-1726	1049	27	to	to	ADP
cblr-1726	1049	28	the	the	DET
cblr-1726	1049	29	facility	facility	NOUN
cblr-1726	1049	30	in	in	ADP
cblr-1726	1049	31	the	the	DET
cblr-1726	1049	32	event	event	NOUN
cblr-1726	1049	33	of	of	ADP
cblr-1726	1049	34	an	an	DET
cblr-1726	1049	35	emergency	emergency	NOUN
cblr-1726	1049	36	.	.	PUNCT
cblr-1726	1050	1	the	the	DET
cblr-1726	1050	2	absence	absence	NOUN
cblr-1726	1050	3	of	of	ADP
cblr-1726	1050	4	ex	ex	ADJ
cblr-1726	1050	5	post	post	NOUN
cblr-1726	1050	6	conditionality	conditionality	NOUN
cblr-1726	1050	7	also	also	ADV
cblr-1726	1050	8	eliminates	eliminate	VERB
cblr-1726	1050	9	an	an	DET
cblr-1726	1050	10	important	important	ADJ
cblr-1726	1050	11	source	source	NOUN
cblr-1726	1050	12	of	of	ADP
cblr-1726	1050	13	potential	potential	ADJ
cblr-1726	1050	14	procedural	procedural	ADJ
cblr-1726	1050	15	obstacles	obstacle	NOUN
cblr-1726	1050	16	to	to	ADP
cblr-1726	1050	17	the	the	DET
cblr-1726	1050	18	rapid	rapid	ADJ
cblr-1726	1050	19	extension	extension	NOUN
cblr-1726	1050	20	of	of	ADP
cblr-1726	1050	21	fcla	fcla	NOUN
cblr-1726	1050	22	.	.	PUNCT
cblr-1726	1051	1	while	while	SCONJ
cblr-1726	1051	2	the	the	DET
cblr-1726	1051	3	introduction	introduction	NOUN
cblr-1726	1051	4	of	of	ADP
cblr-1726	1051	5	these	these	DET
cblr-1726	1051	6	facilities	facility	NOUN
cblr-1726	1051	7	is	be	AUX
cblr-1726	1051	8	undoubtedly	undoubtedly	ADV
cblr-1726	1051	9	a	a	DET
cblr-1726	1051	10	positive	positive	ADJ
cblr-1726	1051	11	development	development	NOUN
cblr-1726	1051	12	,	,	PUNCT
cblr-1726	1051	13	the	the	DET
cblr-1726	1051	14	fcl	fcl	PROPN
cblr-1726	1051	15	and	and	CCONJ
cblr-1726	1051	16	pll	pll	PROPN
cblr-1726	1051	17	are	be	AUX
cblr-1726	1051	18	still	still	ADV
cblr-1726	1051	19	a	a	DET
cblr-1726	1051	20	far	far	ADJ
cblr-1726	1051	21	cry	cry	NOUN
cblr-1726	1051	22	from	from	ADP
cblr-1726	1051	23	representing	represent	VERB
cblr-1726	1051	24	a	a	DET
cblr-1726	1051	25	truly	truly	ADV
cblr-1726	1051	26	credible	credible	ADJ
cblr-1726	1051	27	framework	framework	NOUN
cblr-1726	1051	28	for	for	ADP
cblr-1726	1051	29	the	the	DET
cblr-1726	1051	30	provision	provision	NOUN
cblr-1726	1051	31	of	of	ADP
cblr-1726	1051	32	fcla	fcla	NOUN
cblr-1726	1051	33	.	.	PUNCT
cblr-1726	1052	1	first	first	ADV
cblr-1726	1052	2	,	,	PUNCT
cblr-1726	1052	3	only	only	ADV
cblr-1726	1052	4	five	five	NUM
cblr-1726	1052	5	countries	country	NOUN
cblr-1726	1052	6	—	—	PUNCT
cblr-1726	1052	7	together	together	ADV
cblr-1726	1052	8	representing	represent	VERB
cblr-1726	1052	9	less	less	ADJ
cblr-1726	1052	10	than	than	ADP
cblr-1726	1052	11	3	3	NUM
cblr-1726	1052	12	%	%	NOUN
cblr-1726	1052	13	of	of	ADP
cblr-1726	1052	14	global	global	PROPN
cblr-1726	1052	15	gdp	gdp	NOUN
cblr-1726	1052	16	—	—	PUNCT
cblr-1726	1052	17	have	have	AUX
cblr-1726	1052	18	thus	thus	ADV
cblr-1726	1052	19	far	far	ADV
cblr-1726	1052	20	applied	apply	VERB
cblr-1726	1052	21	for	for	ADP
cblr-1726	1052	22	access	access	NOUN
cblr-1726	1052	23	to	to	ADP
cblr-1726	1052	24	these	these	DET
cblr-1726	1052	25	facilities.259	facilities.259	NOUN
cblr-1726	1052	26	second	second	ADJ
cblr-1726	1052	27	,	,	PUNCT
cblr-1726	1052	28	unlike	unlike	ADP
cblr-1726	1052	29	conventional	conventional	ADJ
cblr-1726	1052	30	ela	ela	PROPN
cblr-1726	1052	31	facilities	facility	NOUN
cblr-1726	1052	32	,	,	PUNCT
cblr-1726	1052	33	any	any	DET
cblr-1726	1052	34	loans	loan	NOUN
cblr-1726	1052	35	ultimately	ultimately	ADV
cblr-1726	1052	36	extended	extend	VERB
cblr-1726	1052	37	under	under	ADP
cblr-1726	1052	38	the	the	DET
cblr-1726	1052	39	fcl	fcl	PROPN
cblr-1726	1052	40	and	and	CCONJ
cblr-1726	1052	41	pll	pll	PROPN
cblr-1726	1052	42	will	will	AUX
cblr-1726	1052	43	not	not	PART
cblr-1726	1052	44	be	be	AUX
cblr-1726	1052	45	collateralized	collateralize	VERB
cblr-1726	1052	46	against	against	ADP
cblr-1726	1052	47	the	the	DET
cblr-1726	1052	48	assets	asset	NOUN
cblr-1726	1052	49	of	of	ADP
cblr-1726	1052	50	either	either	CCONJ
cblr-1726	1052	51	the	the	DET
cblr-1726	1052	52	borrowing	borrowing	NOUN
cblr-1726	1052	53	countries	country	NOUN
cblr-1726	1052	54	or	or	CCONJ
cblr-1726	1052	55	the	the	DET
cblr-1726	1052	56	financial	financial	ADJ
cblr-1726	1052	57	institutions	institution	NOUN
cblr-1726	1052	58	that	that	PRON
cblr-1726	1052	59	ultimately	ultimately	ADV
cblr-1726	1052	60	receive	receive	VERB
cblr-1726	1052	61	fcla	fcla	NOUN
cblr-1726	1052	62	.	.	PUNCT
cblr-1726	1053	1	this	this	PRON
cblr-1726	1053	2	is	be	AUX
cblr-1726	1053	3	likely	likely	ADJ
cblr-1726	1053	4	to	to	PART
cblr-1726	1053	5	exacerbate	exacerbate	VERB
cblr-1726	1053	6	potential	potential	ADJ
cblr-1726	1053	7	moral	moral	ADJ
cblr-1726	1053	8	hazard	hazard	NOUN
cblr-1726	1053	9	problems	problem	NOUN
cblr-1726	1053	10	and	and	CCONJ
cblr-1726	1053	11	leaves	leave	VERB
cblr-1726	1053	12	the	the	DET
cblr-1726	1053	13	imf	imf	PROPN
cblr-1726	1053	14	member	member	NOUN
cblr-1726	1053	15	countries	country	NOUN
cblr-1726	1053	16	that	that	PRON
cblr-1726	1053	17	provide	provide	VERB
cblr-1726	1053	18	financing	financing	NOUN
cblr-1726	1053	19	under	under	ADP
cblr-1726	1053	20	these	these	DET
cblr-1726	1053	21	facilities	facility	NOUN
cblr-1726	1053	22	exposed	expose	VERB
cblr-1726	1053	23	to	to	ADP
cblr-1726	1053	24	potentially	potentially	ADV
cblr-1726	1053	25	significant	significant	ADJ
cblr-1726	1053	26	losses	loss	NOUN
cblr-1726	1053	27	in	in	ADP
cblr-1726	1053	28	the	the	DET
cblr-1726	1053	29	event	event	NOUN
cblr-1726	1053	30	of	of	ADP
cblr-1726	1053	31	default	default	NOUN
cblr-1726	1053	32	.	.	PUNCT
cblr-1726	1054	1	third	third	ADJ
cblr-1726	1054	2	,	,	PUNCT
cblr-1726	1054	3	and	and	CCONJ
cblr-1726	1054	4	perhaps	perhaps	ADV
cblr-1726	1054	5	most	most	ADV
cblr-1726	1054	6	importantly	importantly	ADV
cblr-1726	1054	7	,	,	PUNCT
cblr-1726	1054	8	the	the	DET
cblr-1726	1054	9	financial	financial	ADJ
cblr-1726	1054	10	resources	resource	NOUN
cblr-1726	1054	11	currently	currently	ADV
cblr-1726	1054	12	available	available	ADJ
cblr-1726	1054	13	under	under	ADP
cblr-1726	1054	14	the	the	DET
cblr-1726	1054	15	fcl	fcl	PROPN
cblr-1726	1054	16	and	and	CCONJ
cblr-1726	1054	17	pll	pll	PROPN
cblr-1726	1054	18	may	may	AUX
cblr-1726	1054	19	simply	simply	ADV
cblr-1726	1054	20	be	be	AUX
cblr-1726	1054	21	too	too	ADV
cblr-1726	1054	22	small	small	ADJ
cblr-1726	1054	23	to	to	PART
cblr-1726	1054	24	mount	mount	VERB
cblr-1726	1054	25	an	an	DET
cblr-1726	1054	26	effective	effective	ADJ
cblr-1726	1054	27	full	full	ADJ
cblr-1726	1054	28	-	-	PUNCT
cblr-1726	1054	29	scale	scale	NOUN
cblr-1726	1054	30	response	response	NOUN
cblr-1726	1054	31	to	to	ADP
cblr-1726	1054	32	a	a	DET
cblr-1726	1054	33	systemic	systemic	ADJ
cblr-1726	1054	34	foreign	foreign	ADJ
cblr-1726	1054	35	currency	currency	NOUN
cblr-1726	1054	36	liquidity	liquidity	NOUN
cblr-1726	1054	37	crisis	crisis	NOUN
cblr-1726	1054	38	.	.	PUNCT
cblr-1726	1055	1	as	as	ADP
cblr-1726	1055	2	of	of	ADP
cblr-1726	1055	3	march	march	PROPN
cblr-1726	1055	4	2017	2017	NUM
cblr-1726	1055	5	,	,	PUNCT
cblr-1726	1055	6	imf	imf	PROPN
cblr-1726	1055	7	quotas	quota	NOUN
cblr-1726	1055	8	totaled	total	VERB
cblr-1726	1055	9	approximately	approximately	ADV
cblr-1726	1055	10	$	$	SYM
cblr-1726	1055	11	usd645	usd645	ADJ
cblr-1726	1055	12	billion.260	billion.260	NOUN
cblr-1726	1055	13	258	258	NUM
cblr-1726	1056	1	i	i	PROPN
cblr-1726	1056	2	d.	d.	PROPN
cblr-1726	1056	3	259	259	NUM
cblr-1726	1056	4	see	see	VERB
cblr-1726	1056	5	the	the	DET
cblr-1726	1056	6	imf	imf	PROPN
cblr-1726	1056	7	’s	’s	PART
cblr-1726	1056	8	flexible	flexible	ADJ
cblr-1726	1056	9	credit	credit	NOUN
cblr-1726	1056	10	line	line	NOUN
cblr-1726	1056	11	(	(	PUNCT
cblr-1726	1056	12	fcl	fcl	PROPN
cblr-1726	1056	13	)	)	PUNCT
cblr-1726	1056	14	,	,	PUNCT
cblr-1726	1056	15	supra	supra	PROPN
cblr-1726	1056	16	note	note	VERB
cblr-1726	1056	17	251	251	NUM
cblr-1726	1056	18	;	;	PUNCT
cblr-1726	1056	19	the	the	DET
cblr-1726	1056	20	imf	imf	PROPN
cblr-1726	1056	21	’s	’s	PART
cblr-1726	1056	22	precautionary	precautionary	ADJ
cblr-1726	1056	23	and	and	CCONJ
cblr-1726	1056	24	liquidity	liquidity	NOUN
cblr-1726	1056	25	line	line	NOUN
cblr-1726	1056	26	(	(	PUNCT
cblr-1726	1056	27	pll	pll	PROPN
cblr-1726	1056	28	)	)	PUNCT
cblr-1726	1056	29	,	,	PUNCT
cblr-1726	1056	30	supra	supra	PROPN
cblr-1726	1056	31	note	note	PROPN
cblr-1726	1056	32	254	254	NUM
cblr-1726	1056	33	.	.	NOUN
cblr-1726	1056	34	260	260	NUM
cblr-1726	1056	35	see	see	VERB
cblr-1726	1056	36	the	the	DET
cblr-1726	1056	37	imf	imf	PROPN
cblr-1726	1056	38	at	at	ADP
cblr-1726	1056	39	a	a	DET
cblr-1726	1056	40	glance	glance	NOUN
cblr-1726	1056	41	,	,	PUNCT
cblr-1726	1056	42	supra	supra	PROPN
cblr-1726	1056	43	note	note	NOUN
cblr-1726	1056	44	242	242	NUM
cblr-1726	1056	45	.	.	PUNCT
cblr-1726	1057	1	awrey	awrey	PROPN
cblr-1726	1057	2	–	–	PUNCT
cblr-1726	1057	3	final	final	ADJ
cblr-1726	1057	4	no	no	NOUN
cblr-1726	1057	5	.	.	PUNCT
cblr-1726	1058	1	3:934	3:934	X
cblr-1726	1058	2	]	]	X
cblr-1726	1058	3	foreign	foreign	ADJ
cblr-1726	1058	4	currency	currency	NOUN
cblr-1726	1058	5	liquidity	liquidity	NOUN
cblr-1726	1058	6	assistance	assistance	NOUN
cblr-1726	1058	7	1013	1013	NUM
cblr-1726	1058	8	subject	subject	NOUN
cblr-1726	1058	9	to	to	ADP
cblr-1726	1058	10	the	the	DET
cblr-1726	1058	11	approval	approval	NOUN
cblr-1726	1058	12	of	of	ADP
cblr-1726	1058	13	member	member	NOUN
cblr-1726	1058	14	countries	country	NOUN
cblr-1726	1058	15	representing	represent	VERB
cblr-1726	1058	16	at	at	ADP
cblr-1726	1058	17	least	least	ADJ
cblr-1726	1058	18	85	85	NUM
cblr-1726	1058	19	%	%	NOUN
cblr-1726	1058	20	of	of	ADP
cblr-1726	1058	21	the	the	DET
cblr-1726	1058	22	fund	fund	NOUN
cblr-1726	1058	23	’s	’s	PART
cblr-1726	1058	24	resources	resource	NOUN
cblr-1726	1058	25	,	,	PUNCT
cblr-1726	1058	26	the	the	DET
cblr-1726	1058	27	imf	imf	PROPN
cblr-1726	1058	28	can	can	AUX
cblr-1726	1058	29	also	also	ADV
cblr-1726	1058	30	borrow	borrow	VERB
cblr-1726	1058	31	up	up	ADP
cblr-1726	1058	32	to	to	PART
cblr-1726	1058	33	$	$	SYM
cblr-1726	1058	34	usd250	usd250	PROPN
cblr-1726	1058	35	billion	billion	NUM
cblr-1726	1058	36	from	from	ADP
cblr-1726	1058	37	member	member	NOUN
cblr-1726	1058	38	countries	country	NOUN
cblr-1726	1058	39	under	under	ADP
cblr-1726	1058	40	an	an	DET
cblr-1726	1058	41	existing	exist	VERB
cblr-1726	1058	42	multilateral	multilateral	ADJ
cblr-1726	1058	43	facility	facility	NOUN
cblr-1726	1058	44	known	know	VERB
cblr-1726	1058	45	as	as	ADP
cblr-1726	1058	46	the	the	DET
cblr-1726	1058	47	‘	'	PUNCT
cblr-1726	1058	48	new	new	ADJ
cblr-1726	1058	49	arrangements	arrangement	NOUN
cblr-1726	1058	50	to	to	PART
cblr-1726	1058	51	borrow	borrow	VERB
cblr-1726	1058	52	’	'	PUNCT
cblr-1726	1058	53	(	(	PUNCT
cblr-1726	1058	54	the	the	DET
cblr-1726	1058	55	“	"	PUNCT
cblr-1726	1058	56	nab	nab	NOUN
cblr-1726	1058	57	”	"	PUNCT
cblr-1726	1058	58	)	)	PUNCT
cblr-1726	1058	59	.	.	PUNCT
cblr-1726	1059	1	however	however	ADV
cblr-1726	1059	2	,	,	PUNCT
cblr-1726	1059	3	with	with	ADP
cblr-1726	1059	4	17.47	17.47	NUM
cblr-1726	1059	5	%	%	NOUN
cblr-1726	1059	6	of	of	ADP
cblr-1726	1059	7	the	the	DET
cblr-1726	1059	8	imf	imf	PROPN
cblr-1726	1059	9	’s	’s	PART
cblr-1726	1059	10	total	total	ADJ
cblr-1726	1059	11	quota	quota	NOUN
cblr-1726	1059	12	(	(	PUNCT
cblr-1726	1059	13	and	and	CCONJ
cblr-1726	1059	14	16.54	16.54	NUM
cblr-1726	1059	15	%	%	NOUN
cblr-1726	1059	16	of	of	ADP
cblr-1726	1059	17	the	the	DET
cblr-1726	1059	18	voting	voting	NOUN
cblr-1726	1059	19	rights	right	NOUN
cblr-1726	1059	20	of	of	ADP
cblr-1726	1059	21	the	the	DET
cblr-1726	1059	22	board	board	NOUN
cblr-1726	1059	23	of	of	ADP
cblr-1726	1059	24	governors	governor	NOUN
cblr-1726	1059	25	)	)	PUNCT
cblr-1726	1059	26	,	,	PUNCT
cblr-1726	1059	27	this	this	DET
cblr-1726	1059	28	threshold	threshold	NOUN
cblr-1726	1059	29	notably	notably	ADV
cblr-1726	1059	30	gives	give	VERB
cblr-1726	1059	31	the	the	DET
cblr-1726	1059	32	united	united	PROPN
cblr-1726	1059	33	states	states	PROPN
cblr-1726	1059	34	a	a	DET
cblr-1726	1059	35	de	de	X
cblr-1726	1059	36	facto	facto	X
cblr-1726	1059	37	veto	veto	NOUN
cblr-1726	1059	38	over	over	ADP
cblr-1726	1059	39	the	the	DET
cblr-1726	1059	40	use	use	NOUN
cblr-1726	1059	41	of	of	ADP
cblr-1726	1059	42	the	the	DET
cblr-1726	1059	43	nab.261	nab.261	NOUN
cblr-1726	1059	44	furthermore	furthermore	ADV
cblr-1726	1059	45	,	,	PUNCT
cblr-1726	1059	46	it	it	PRON
cblr-1726	1059	47	is	be	AUX
cblr-1726	1059	48	not	not	PART
cblr-1726	1059	49	clear	clear	ADJ
cblr-1726	1059	50	whether	whether	SCONJ
cblr-1726	1059	51	any	any	DET
cblr-1726	1059	52	countries	country	NOUN
cblr-1726	1059	53	other	other	ADJ
cblr-1726	1059	54	than	than	ADP
cblr-1726	1059	55	the	the	DET
cblr-1726	1059	56	united	united	PROPN
cblr-1726	1059	57	states	states	PROPN
cblr-1726	1059	58	would	would	AUX
cblr-1726	1059	59	be	be	AUX
cblr-1726	1059	60	in	in	ADP
cblr-1726	1059	61	a	a	DET
cblr-1726	1059	62	position	position	NOUN
cblr-1726	1059	63	to	to	PART
cblr-1726	1059	64	lend	lend	VERB
cblr-1726	1059	65	the	the	DET
cblr-1726	1059	66	imf	imf	PROPN
cblr-1726	1059	67	u.s	u.s	PROPN
cblr-1726	1059	68	.	.	PROPN
cblr-1726	1059	69	dollars	dollar	NOUN
cblr-1726	1059	70	in	in	ADP
cblr-1726	1059	71	the	the	DET
cblr-1726	1059	72	middle	middle	NOUN
cblr-1726	1059	73	of	of	ADP
cblr-1726	1059	74	a	a	DET
cblr-1726	1059	75	global	global	ADJ
cblr-1726	1059	76	liquidity	liquidity	NOUN
cblr-1726	1059	77	crisis	crisis	NOUN
cblr-1726	1059	78	.	.	PUNCT
cblr-1726	1060	1	after	after	ADP
cblr-1726	1060	2	subtracting	subtract	VERB
cblr-1726	1060	3	current	current	ADJ
cblr-1726	1060	4	commitments	commitment	NOUN
cblr-1726	1060	5	of	of	ADP
cblr-1726	1060	6	approximately	approximately	ADV
cblr-1726	1060	7	$	$	SYM
cblr-1726	1060	8	usd159	usd159	PROPN
cblr-1726	1060	9	billion	billion	NUM
cblr-1726	1060	10	,	,	PUNCT
cblr-1726	1060	11	a	a	DET
cblr-1726	1060	12	conservative	conservative	ADJ
cblr-1726	1060	13	estimate	estimate	NOUN
cblr-1726	1060	14	thus	thus	ADV
cblr-1726	1060	15	leaves	leave	VERB
cblr-1726	1060	16	the	the	DET
cblr-1726	1060	17	imf	imf	PROPN
cblr-1726	1060	18	with	with	ADP
cblr-1726	1060	19	just	just	ADV
cblr-1726	1060	20	over	over	ADP
cblr-1726	1060	21	$	$	SYM
cblr-1726	1060	22	usd500	usd500	NOUN
cblr-1726	1060	23	billion	billion	NUM
cblr-1726	1060	24	of	of	ADP
cblr-1726	1060	25	dry	dry	ADJ
cblr-1726	1060	26	powder	powder	NOUN
cblr-1726	1060	27	theoretically	theoretically	ADV
cblr-1726	1060	28	available	available	ADJ
cblr-1726	1060	29	in	in	ADP
cblr-1726	1060	30	response	response	NOUN
cblr-1726	1060	31	to	to	ADP
cblr-1726	1060	32	an	an	DET
cblr-1726	1060	33	emerging	emerge	VERB
cblr-1726	1060	34	global	global	ADJ
cblr-1726	1060	35	crisis	crisis	NOUN
cblr-1726	1060	36	.	.	PUNCT
cblr-1726	1061	1	yet	yet	ADV
cblr-1726	1061	2	only	only	ADV
cblr-1726	1061	3	a	a	DET
cblr-1726	1061	4	small	small	ADJ
cblr-1726	1061	5	fraction	fraction	NOUN
cblr-1726	1061	6	of	of	ADP
cblr-1726	1061	7	this	this	DET
cblr-1726	1061	8	$	$	SYM
cblr-1726	1061	9	usd500	usd500	NOUN
cblr-1726	1061	10	billion	billion	NUM
cblr-1726	1061	11	—	—	PUNCT
cblr-1726	1061	12	approximately	approximately	ADV
cblr-1726	1061	13	$	$	SYM
cblr-1726	1061	14	usd102.6	usd102.6	NOUN
cblr-1726	1061	15	billion	billion	NUM
cblr-1726	1061	16	as	as	ADP
cblr-1726	1061	17	of	of	ADP
cblr-1726	1061	18	january	january	PROPN
cblr-1726	1061	19	31	31	NUM
cblr-1726	1061	20	,	,	PUNCT
cblr-1726	1061	21	2017	2017	NUM
cblr-1726	1061	22	—	—	PUNCT
cblr-1726	1061	23	is	be	AUX
cblr-1726	1061	24	comprised	comprise	VERB
cblr-1726	1061	25	of	of	ADP
cblr-1726	1061	26	the	the	DET
cblr-1726	1061	27	u.s	u.s	PROPN
cblr-1726	1061	28	dollars	dollar	NOUN
cblr-1726	1061	29	that	that	PRON
cblr-1726	1061	30	are	be	AUX
cblr-1726	1061	31	likely	likely	ADJ
cblr-1726	1061	32	to	to	PART
cblr-1726	1061	33	be	be	AUX
cblr-1726	1061	34	most	most	ADV
cblr-1726	1061	35	in	in	ADP
cblr-1726	1061	36	demand	demand	NOUN
cblr-1726	1061	37	in	in	ADP
cblr-1726	1061	38	the	the	DET
cblr-1726	1061	39	thick	thick	NOUN
cblr-1726	1061	40	of	of	ADP
cblr-1726	1061	41	any	any	DET
cblr-1726	1061	42	such	such	ADJ
cblr-1726	1061	43	crisis.262	crisis.262	NOUN
cblr-1726	1061	44	by	by	ADP
cblr-1726	1061	45	way	way	NOUN
cblr-1726	1061	46	of	of	ADP
cblr-1726	1061	47	comparison	comparison	NOUN
cblr-1726	1061	48	,	,	PUNCT
cblr-1726	1061	49	it	it	PRON
cblr-1726	1061	50	worth	worth	ADJ
cblr-1726	1061	51	remembering	remember	VERB
cblr-1726	1061	52	that	that	SCONJ
cblr-1726	1061	53	u.s	u.s	PROPN
cblr-1726	1061	54	.	.	PROPN
cblr-1726	1061	55	dollar	dollar	NOUN
cblr-1726	1061	56	lending	lending	NOUN
cblr-1726	1061	57	under	under	ADP
cblr-1726	1061	58	the	the	DET
cblr-1726	1061	59	swap	swap	NOUN
cblr-1726	1061	60	lines	line	NOUN
cblr-1726	1061	61	between	between	ADP
cblr-1726	1061	62	the	the	DET
cblr-1726	1061	63	federal	federal	PROPN
cblr-1726	1061	64	reserve	reserve	PROPN
cblr-1726	1061	65	and	and	CCONJ
cblr-1726	1061	66	other	other	ADJ
cblr-1726	1061	67	major	major	ADJ
cblr-1726	1061	68	central	central	ADJ
cblr-1726	1061	69	banks	bank	NOUN
cblr-1726	1061	70	peaked	peak	VERB
cblr-1726	1061	71	at	at	ADP
cblr-1726	1061	72	$	$	SYM
cblr-1726	1061	73	usd586	usd586	PROPN
cblr-1726	1061	74	billion	billion	NUM
cblr-1726	1061	75	in	in	ADP
cblr-1726	1061	76	december	december	PROPN
cblr-1726	1061	77	2008	2008	NUM
cblr-1726	1061	78	.	.	PUNCT
cblr-1726	1062	1	by	by	ADP
cblr-1726	1062	2	almost	almost	ADV
cblr-1726	1062	3	any	any	PRON
cblr-1726	1062	4	measure	measure	NOUN
cblr-1726	1062	5	,	,	PUNCT
cblr-1726	1062	6	the	the	DET
cblr-1726	1062	7	imf	imf	PROPN
cblr-1726	1062	8	is	be	AUX
cblr-1726	1062	9	thus	thus	ADV
cblr-1726	1062	10	not	not	PART
cblr-1726	1062	11	in	in	ADP
cblr-1726	1062	12	a	a	DET
cblr-1726	1062	13	position	position	NOUN
cblr-1726	1062	14	to	to	PART
cblr-1726	1062	15	comply	comply	VERB
cblr-1726	1062	16	with	with	ADP
cblr-1726	1062	17	the	the	DET
cblr-1726	1062	18	imperative	imperative	NOUN
cblr-1726	1062	19	of	of	ADP
cblr-1726	1062	20	bagehot	bagehot	NOUN
cblr-1726	1062	21	’s	’s	PART
cblr-1726	1062	22	dictum	dictum	NOUN
cblr-1726	1062	23	to	to	PART
cblr-1726	1062	24	lend	lend	VERB
cblr-1726	1062	25	freely	freely	ADV
cblr-1726	1062	26	in	in	ADP
cblr-1726	1062	27	response	response	NOUN
cblr-1726	1062	28	to	to	ADP
cblr-1726	1062	29	widespread	widespread	ADJ
cblr-1726	1062	30	panic	panic	NOUN
cblr-1726	1062	31	and	and	CCONJ
cblr-1726	1062	32	financial	financial	ADJ
cblr-1726	1062	33	instability	instability	NOUN
cblr-1726	1062	34	.	.	PUNCT
cblr-1726	1063	1	261	261	NUM
cblr-1726	1063	2	when	when	SCONJ
cblr-1726	1063	3	the	the	DET
cblr-1726	1063	4	requisite	requisite	ADJ
cblr-1726	1063	5	85	85	NUM
cblr-1726	1063	6	%	%	NOUN
cblr-1726	1063	7	supermajority	supermajority	NOUN
cblr-1726	1063	8	does	do	AUX
cblr-1726	1063	9	not	not	PART
cblr-1726	1063	10	approve	approve	VERB
cblr-1726	1063	11	a	a	DET
cblr-1726	1063	12	proposal	proposal	NOUN
cblr-1726	1063	13	to	to	PART
cblr-1726	1063	14	activate	activate	VERB
cblr-1726	1063	15	the	the	DET
cblr-1726	1063	16	nab	nab	NOUN
cblr-1726	1063	17	,	,	PUNCT
cblr-1726	1063	18	the	the	DET
cblr-1726	1063	19	imf	imf	PROPN
cblr-1726	1063	20	can	can	AUX
cblr-1726	1063	21	still	still	ADV
cblr-1726	1063	22	borrow	borrow	VERB
cblr-1726	1063	23	under	under	ADP
cblr-1726	1063	24	the	the	DET
cblr-1726	1063	25	‘	'	PUNCT
cblr-1726	1063	26	general	general	ADJ
cblr-1726	1063	27	agreements	agreement	NOUN
cblr-1726	1063	28	to	to	PART
cblr-1726	1063	29	borrow	borrow	VERB
cblr-1726	1063	30	’	'	PUNCT
cblr-1726	1063	31	(	(	PUNCT
cblr-1726	1063	32	“	"	PUNCT
cblr-1726	1063	33	gab	gab	NOUN
cblr-1726	1063	34	”	"	PUNCT
cblr-1726	1063	35	)	)	PUNCT
cblr-1726	1063	36	.	.	PUNCT
cblr-1726	1064	1	as	as	ADP
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cblr-1726	1064	3	april	april	PROPN
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cblr-1726	1064	9	entitled	entitle	VERB
cblr-1726	1064	10	to	to	PART
cblr-1726	1064	11	borrow	borrow	VERB
cblr-1726	1064	12	up	up	ADP
cblr-1726	1064	13	to	to	ADP
cblr-1726	1064	14	approximately	approximately	ADV
cblr-1726	1064	15	$	$	SYM
cblr-1726	1064	16	usd23	usd23	NOUN
cblr-1726	1064	17	billion	billion	NUM
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cblr-1726	1064	20	gab	gab	PROPN
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cblr-1726	1065	1	imf	imf	PROPN
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cblr-1726	1065	4	arrangements	arrangement	NOUN
cblr-1726	1065	5	,	,	PUNCT
cblr-1726	1065	6	imf	imf	PROPN
cblr-1726	1065	7	(	(	PUNCT
cblr-1726	1065	8	apr	apr	PROPN
cblr-1726	1065	9	.	.	PROPN
cblr-1726	1065	10	2017	2017	NUM
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cblr-1726	1065	12	,	,	PUNCT
cblr-1726	1065	13	http://www.imf.org/en/about/factsheets/sheets/2016/08/05/17/55/imf-standing-borrowing-arrangements	http://www.imf.org/en/about/factsheets/sheets/2016/08/05/17/55/imf-standing-borrowing-arrangement	VERB
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cblr-1726	1067	2	figure	figure	NOUN
cblr-1726	1067	3	calculated	calculate	VERB
cblr-1726	1067	4	on	on	ADP
cblr-1726	1067	5	the	the	DET
cblr-1726	1067	6	basis	basis	NOUN
cblr-1726	1067	7	of	of	ADP
cblr-1726	1067	8	the	the	DET
cblr-1726	1067	9	u.s	u.s	PROPN
cblr-1726	1067	10	.	.	PROPN
cblr-1726	1067	11	total	total	NOUN
cblr-1726	1067	12	of	of	ADP
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cblr-1726	1067	17	holdings	holding	NOUN
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cblr-1726	1067	20	million	million	NUM
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cblr-1726	1067	23	multiplied	multiply	VERB
cblr-1726	1067	24	by	by	ADP
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cblr-1726	1067	26	notional	notional	PROPN
cblr-1726	1067	27	sdr	sdr	PROPN
cblr-1726	1067	28	-	-	PUNCT
cblr-1726	1067	29	usd	usd	NOUN
cblr-1726	1067	30	exchange	exchange	NOUN
cblr-1726	1067	31	rate	rate	NOUN
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cblr-1726	1067	36	,	,	PUNCT
cblr-1726	1067	37	2017	2017	NUM
cblr-1726	1067	38	(	(	PUNCT
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cblr-1726	1067	41	.	.	PUNCT
cblr-1726	1068	1	see	see	VERB
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cblr-1726	1068	10	january	january	PROPN
cblr-1726	1068	11	31	31	NUM
cblr-1726	1068	12	,	,	PUNCT
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cblr-1726	1068	17	(	(	PUNCT
cblr-1726	1068	18	2017	2017	NUM
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cblr-1726	1068	20	,	,	PUNCT
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cblr-1726	1069	1	[	[	X
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cblr-1726	1069	4	;	;	PUNCT
cblr-1726	1069	5	currency	currency	NOUN
cblr-1726	1069	6	units	unit	NOUN
cblr-1726	1069	7	per	per	ADP
cblr-1726	1069	8	sdr	sdr	PROPN
cblr-1726	1069	9	for	for	ADP
cblr-1726	1069	10	january	january	PROPN
cblr-1726	1069	11	2017	2017	NUM
cblr-1726	1069	12	,	,	PUNCT
cblr-1726	1069	13	imf	imf	PROPN
cblr-1726	1069	14	,	,	PUNCT
cblr-1726	1069	15	https://www.imf.org/external/np/fin/data/rms_mth.aspx?selectdate=201701-31&reporttype=cvsdr	https://www.imf.org/external/np/fin/data/rms_mth.aspx?selectdate=201701-31&reporttype=cvsdr	NOUN
cblr-1726	1070	1	[	[	X
cblr-1726	1071	1	perma.cc/ety9-jhq2	perma.cc/ety9-jhq2	X
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cblr-1726	1071	3	.	.	PUNCT
cblr-1726	1072	1	awrey	awrey	PROPN
cblr-1726	1072	2	–	–	PUNCT
cblr-1726	1072	3	final	final	ADJ
cblr-1726	1072	4	1014	1014	NUM
cblr-1726	1072	5	columbia	columbia	PROPN
cblr-1726	1072	6	business	business	NOUN
cblr-1726	1072	7	law	law	PROPN
cblr-1726	1072	8	review	review	NOUN
cblr-1726	1073	1	[	[	X
cblr-1726	1073	2	vol	vol	NOUN
cblr-1726	1073	3	.	.	PUNCT
cblr-1726	1073	4	2017	2017	NUM
cblr-1726	1073	5	given	give	VERB
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cblr-1726	1073	7	resource	resource	NOUN
cblr-1726	1073	8	constraints	constraint	NOUN
cblr-1726	1073	9	,	,	PUNCT
cblr-1726	1073	10	emmanuel	emmanuel	PROPN
cblr-1726	1073	11	farhi	farhi	PROPN
cblr-1726	1073	12	,	,	PUNCT
cblr-1726	1073	13	pierre	pierre	NOUN
cblr-1726	1073	14	-	-	PUNCT
cblr-1726	1073	15	olivier	olivier	NOUN
cblr-1726	1073	16	gourinchas	gourinchas	X
cblr-1726	1073	17	,	,	PUNCT
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cblr-1726	1073	19	hélène	hélène	VERB
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cblr-1726	1073	21	propose	propose	PROPN
cblr-1726	1073	22	granting	grant	VERB
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cblr-1726	1073	24	imf	imf	PROPN
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cblr-1726	1073	26	right	right	NOUN
cblr-1726	1073	27	to	to	PART
cblr-1726	1073	28	borrow	borrow	VERB
cblr-1726	1073	29	from	from	ADP
cblr-1726	1073	30	national	national	ADJ
cblr-1726	1073	31	treasuries	treasury	NOUN
cblr-1726	1073	32	and	and	CCONJ
cblr-1726	1073	33	central	central	ADJ
cblr-1726	1073	34	banks	bank	NOUN
cblr-1726	1073	35	and	and	CCONJ
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cblr-1726	1073	43	in	in	ADP
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cblr-1726	1073	45	to	to	PART
cblr-1726	1073	46	address	address	VERB
cblr-1726	1073	47	the	the	DET
cblr-1726	1073	48	moral	moral	ADJ
cblr-1726	1073	49	hazard	hazard	NOUN
cblr-1726	1073	50	problems	problem	NOUN
cblr-1726	1073	51	associated	associate	VERB
cblr-1726	1073	52	with	with	ADP
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cblr-1726	1073	54	fcl	fcl	PROPN
cblr-1726	1073	55	’s	’s	PART
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cblr-1726	1073	60	qualifications	qualification	NOUN
cblr-1726	1073	61	(	(	PUNCT
cblr-1726	1073	62	and	and	CCONJ
cblr-1726	1073	63	the	the	DET
cblr-1726	1073	64	absence	absence	NOUN
cblr-1726	1073	65	of	of	ADP
cblr-1726	1073	66	ex	ex	ADJ
cblr-1726	1073	67	post	post	NOUN
cblr-1726	1073	68	conditionality	conditionality	NOUN
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cblr-1726	1073	70	,	,	PUNCT
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cblr-1726	1073	72	also	also	ADV
cblr-1726	1073	73	propose	propose	VERB
cblr-1726	1073	74	subjecting	subject	VERB
cblr-1726	1073	75	borrowers	borrower	NOUN
cblr-1726	1073	76	to	to	ADP
cblr-1726	1073	77	ongoing	ongoing	ADJ
cblr-1726	1073	78	monitoring	monitoring	NOUN
cblr-1726	1073	79	of	of	ADP
cblr-1726	1073	80	private	private	ADJ
cblr-1726	1073	81	sector	sector	NOUN
cblr-1726	1073	82	foreign	foreign	ADJ
cblr-1726	1073	83	exchange	exchange	NOUN
cblr-1726	1073	84	imbalances	imbalance	NOUN
cblr-1726	1073	85	over	over	ADP
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cblr-1726	1073	87	term	term	NOUN
cblr-1726	1073	88	of	of	ADP
cblr-1726	1073	89	any	any	DET
cblr-1726	1073	90	loan	loan	NOUN
cblr-1726	1073	91	.	.	PUNCT
cblr-1726	1074	1	both	both	PRON
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cblr-1726	1074	7	.	.	PUNCT
cblr-1726	1075	1	ultimately	ultimately	ADV
cblr-1726	1075	2	,	,	PUNCT
cblr-1726	1075	3	however	however	ADV
cblr-1726	1075	4	,	,	PUNCT
cblr-1726	1075	5	the	the	DET
cblr-1726	1075	6	effectiveness	effectiveness	NOUN
cblr-1726	1075	7	of	of	ADP
cblr-1726	1075	8	these	these	DET
cblr-1726	1075	9	proposals	proposal	NOUN
cblr-1726	1075	10	hinges	hinge	NOUN
cblr-1726	1075	11	on	on	ADP
cblr-1726	1075	12	the	the	DET
cblr-1726	1075	13	imf	imf	PROPN
cblr-1726	1075	14	using	use	VERB
cblr-1726	1075	15	its	its	PRON
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cblr-1726	1075	17	powers	power	NOUN
cblr-1726	1075	18	proactively	proactively	ADV
cblr-1726	1075	19	to	to	PART
cblr-1726	1075	20	raise	raise	VERB
cblr-1726	1075	21	capital	capital	NOUN
cblr-1726	1075	22	under	under	ADP
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cblr-1726	1075	27	than	than	ADP
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cblr-1726	1075	29	for	for	ADP
cblr-1726	1075	30	a	a	DET
cblr-1726	1075	31	global	global	ADJ
cblr-1726	1075	32	liquidity	liquidity	NOUN
cblr-1726	1075	33	crisis	crisis	NOUN
cblr-1726	1075	34	to	to	PART
cblr-1726	1075	35	appear	appear	VERB
cblr-1726	1075	36	on	on	ADP
cblr-1726	1075	37	the	the	DET
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cblr-1726	1075	39	moreover	moreover	ADV
cblr-1726	1075	40	,	,	PUNCT
cblr-1726	1075	41	as	as	ADP
cblr-1726	1075	42	farhi	farhi	NOUN
cblr-1726	1075	43	,	,	PUNCT
cblr-1726	1075	44	gourinchas	gourinchas	ADJ
cblr-1726	1075	45	,	,	PUNCT
cblr-1726	1075	46	and	and	CCONJ
cblr-1726	1075	47	rey	rey	PROPN
cblr-1726	1075	48	concede	concede	PROPN
cblr-1726	1075	49	,	,	PUNCT
cblr-1726	1075	50	these	these	DET
cblr-1726	1075	51	reforms	reform	NOUN
cblr-1726	1075	52	would	would	AUX
cblr-1726	1075	53	likely	likely	ADV
cblr-1726	1075	54	need	need	VERB
cblr-1726	1075	55	to	to	PART
cblr-1726	1075	56	be	be	AUX
cblr-1726	1075	57	considered	consider	VERB
cblr-1726	1075	58	as	as	ADP
cblr-1726	1075	59	a	a	DET
cblr-1726	1075	60	part	part	NOUN
cblr-1726	1075	61	of	of	ADP
cblr-1726	1075	62	a	a	DET
cblr-1726	1075	63	far	far	ADV
cblr-1726	1075	64	broader	broad	ADJ
cblr-1726	1075	65	discussion	discussion	NOUN
cblr-1726	1075	66	regarding	regard	VERB
cblr-1726	1075	67	the	the	DET
cblr-1726	1075	68	governance	governance	NOUN
cblr-1726	1075	69	of	of	ADP
cblr-1726	1075	70	the	the	DET
cblr-1726	1075	71	imf.265	imf.265	NOUN
cblr-1726	1075	72	at	at	ADP
cblr-1726	1075	73	least	least	ADJ
cblr-1726	1075	74	for	for	ADP
cblr-1726	1075	75	the	the	DET
cblr-1726	1075	76	moment	moment	NOUN
cblr-1726	1075	77	,	,	PUNCT
cblr-1726	1075	78	this	this	DET
cblr-1726	1075	79	discussion	discussion	NOUN
cblr-1726	1075	80	does	do	AUX
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cblr-1726	1075	82	appear	appear	VERB
cblr-1726	1075	83	to	to	PART
cblr-1726	1075	84	be	be	AUX
cblr-1726	1075	85	high	high	ADJ
cblr-1726	1075	86	on	on	ADP
cblr-1726	1075	87	the	the	DET
cblr-1726	1075	88	imf	imf	PROPN
cblr-1726	1075	89	’s	’s	PART
cblr-1726	1075	90	agenda	agenda	NOUN
cblr-1726	1075	91	.	.	PUNCT
cblr-1726	1076	1	in	in	ADP
cblr-1726	1076	2	the	the	DET
cblr-1726	1076	3	absence	absence	NOUN
cblr-1726	1076	4	of	of	ADP
cblr-1726	1076	5	an	an	DET
cblr-1726	1076	6	external	external	ADJ
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cblr-1726	1076	8	,	,	PUNCT
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cblr-1726	1076	10	fcl	fcl	PROPN
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cblr-1726	1076	12	pll	pll	PROPN
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cblr-1726	1076	15	likely	likely	ADJ
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cblr-1726	1076	17	remain	remain	VERB
cblr-1726	1076	18	incomplete	incomplete	ADJ
cblr-1726	1076	19	and	and	CCONJ
cblr-1726	1076	20	imperfect	imperfect	ADJ
cblr-1726	1076	21	arrangements	arrangement	NOUN
cblr-1726	1076	22	for	for	ADP
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cblr-1726	1076	24	provision	provision	NOUN
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cblr-1726	1076	27	.	.	PUNCT
cblr-1726	1077	1	are	be	AUX
cblr-1726	1077	2	the	the	DET
cblr-1726	1077	3	proposed	propose	VERB
cblr-1726	1077	4	reforms	reform	NOUN
cblr-1726	1077	5	to	to	ADP
cblr-1726	1077	6	either	either	CCONJ
cblr-1726	1077	7	the	the	DET
cblr-1726	1077	8	central	central	PROPN
cblr-1726	1077	9	bank	bank	PROPN
cblr-1726	1077	10	swap	swap	NOUN
cblr-1726	1077	11	lines	line	NOUN
cblr-1726	1077	12	or	or	CCONJ
cblr-1726	1077	13	the	the	DET
cblr-1726	1077	14	imf	imf	PROPN
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cblr-1726	1077	16	new	new	ADJ
cblr-1726	1077	17	emergency	emergency	NOUN
cblr-1726	1077	18	lending	lending	NOUN
cblr-1726	1077	19	facilities	facility	NOUN
cblr-1726	1077	20	feasible	feasible	ADJ
cblr-1726	1077	21	in	in	ADP
cblr-1726	1077	22	the	the	DET
cblr-1726	1077	23	current	current	ADJ
cblr-1726	1077	24	political	political	ADJ
cblr-1726	1077	25	climate	climate	NOUN
cblr-1726	1077	26	?	?	PUNCT
cblr-1726	1078	1	perhaps	perhaps	ADV
cblr-1726	1078	2	not	not	PART
cblr-1726	1078	3	.	.	PUNCT
cblr-1726	1079	1	indeed	indeed	ADV
cblr-1726	1079	2	,	,	PUNCT
cblr-1726	1079	3	engendering	engender	VERB
cblr-1726	1079	4	widespread	widespread	ADJ
cblr-1726	1079	5	political	political	ADJ
cblr-1726	1079	6	support	support	NOUN
cblr-1726	1079	7	for	for	ADP
cblr-1726	1079	8	these	these	DET
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cblr-1726	1079	10	may	may	AUX
cblr-1726	1079	11	prove	prove	VERB
cblr-1726	1079	12	especially	especially	ADV
cblr-1726	1079	13	challenging	challenge	VERB
cblr-1726	1079	14	precisely	precisely	ADV
cblr-1726	1079	15	because	because	SCONJ
cblr-1726	1079	16	they	they	PRON
cblr-1726	1079	17	envision	envision	VERB
cblr-1726	1079	18	the	the	DET
cblr-1726	1079	19	widening	widening	NOUN
cblr-1726	1079	20	and	and	CCONJ
cblr-1726	1079	21	deepening	deepening	NOUN
cblr-1726	1079	22	of	of	ADP
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cblr-1726	1079	24	international	international	ADJ
cblr-1726	1079	25	financial	financial	ADJ
cblr-1726	1079	26	safety	safety	NOUN
cblr-1726	1079	27	net	net	NOUN
cblr-1726	1079	28	.	.	PUNCT
cblr-1726	1080	1	nevertheless	nevertheless	ADV
cblr-1726	1080	2	,	,	PUNCT
cblr-1726	1080	3	the	the	DET
cblr-1726	1080	4	vagaries	vagary	NOUN
cblr-1726	1080	5	of	of	ADP
cblr-1726	1080	6	domestic	domestic	ADJ
cblr-1726	1080	7	and	and	CCONJ
cblr-1726	1080	8	international	international	ADJ
cblr-1726	1080	9	politics	politic	NOUN
cblr-1726	1080	10	do	do	AUX
cblr-1726	1080	11	not	not	PART
cblr-1726	1080	12	detract	detract	VERB
cblr-1726	1080	13	from	from	ADP
cblr-1726	1080	14	the	the	DET
cblr-1726	1080	15	reality	reality	NOUN
cblr-1726	1080	16	that	that	SCONJ
cblr-1726	1080	17	there	there	PRON
cblr-1726	1080	18	are	be	VERB
cblr-1726	1080	19	no	no	DET
cblr-1726	1080	20	free	free	ADJ
cblr-1726	1080	21	lunches	lunch	NOUN
cblr-1726	1080	22	in	in	ADP
cblr-1726	1080	23	global	global	ADJ
cblr-1726	1080	24	finance	finance	NOUN
cblr-1726	1080	25	,	,	PUNCT
cblr-1726	1080	26	and	and	CCONJ
cblr-1726	1080	27	that	that	SCONJ
cblr-1726	1080	28	the	the	DET
cblr-1726	1080	29	drive	drive	NOUN
cblr-1726	1080	30	for	for	ADP
cblr-1726	1080	31	deeper	deep	ADJ
cblr-1726	1080	32	economic	economic	ADJ
cblr-1726	1080	33	and	and	CCONJ
cblr-1726	1080	34	financial	financial	ADJ
cblr-1726	1080	35	integration	integration	NOUN
cblr-1726	1080	36	will	will	AUX
cblr-1726	1080	37	eventually	eventually	ADV
cblr-1726	1080	38	need	need	VERB
cblr-1726	1080	39	to	to	PART
cblr-1726	1080	40	be	be	AUX
cblr-1726	1080	41	matched	match	VERB
cblr-1726	1080	42	by	by	ADP
cblr-1726	1080	43	more	more	ADV
cblr-1726	1080	44	credible	credible	ADJ
cblr-1726	1080	45	and	and	CCONJ
cblr-1726	1080	46	effective	effective	ADJ
cblr-1726	1080	47	commitments	commitment	NOUN
cblr-1726	1080	48	in	in	ADP
cblr-1726	1080	49	the	the	DET
cblr-1726	1080	50	realm	realm	NOUN
cblr-1726	1080	51	of	of	ADP
cblr-1726	1080	52	international	international	ADJ
cblr-1726	1080	53	financial	financial	ADJ
cblr-1726	1080	54	policy	policy	NOUN
cblr-1726	1080	55	,	,	PUNCT
cblr-1726	1080	56	regulation	regulation	NOUN
cblr-1726	1080	57	,	,	PUNCT
cblr-1726	1080	58	and	and	CCONJ
cblr-1726	1080	59	crisis	crisis	NOUN
cblr-1726	1080	60	263	263	NUM
cblr-1726	1080	61	farhi	farhi	NOUN
cblr-1726	1080	62	et	et	PROPN
cblr-1726	1080	63	al	al	PROPN
cblr-1726	1080	64	.	.	PROPN
cblr-1726	1080	65	,	,	PUNCT
cblr-1726	1080	66	supra	supra	PROPN
cblr-1726	1080	67	note	note	VERB
cblr-1726	1080	68	195	195	NUM
cblr-1726	1080	69	,	,	PUNCT
cblr-1726	1080	70	at	at	ADP
cblr-1726	1080	71	41	41	NUM
cblr-1726	1080	72	.	.	PUNCT
cblr-1726	1080	73	264	264	NUM
cblr-1726	1080	74	by	by	ADP
cblr-1726	1080	75	definition	definition	NOUN
cblr-1726	1080	76	,	,	PUNCT
cblr-1726	1080	77	raising	raise	VERB
cblr-1726	1080	78	capital	capital	NOUN
cblr-1726	1080	79	in	in	ADP
cblr-1726	1080	80	these	these	DET
cblr-1726	1080	81	circumstances	circumstance	NOUN
cblr-1726	1080	82	would	would	AUX
cblr-1726	1080	83	be	be	AUX
cblr-1726	1080	84	more	more	ADV
cblr-1726	1080	85	expensive	expensive	ADJ
cblr-1726	1080	86	or	or	CCONJ
cblr-1726	1080	87	,	,	PUNCT
cblr-1726	1080	88	potentially	potentially	ADV
cblr-1726	1080	89	,	,	PUNCT
cblr-1726	1080	90	impossible	impossible	ADJ
cblr-1726	1080	91	.	.	PUNCT
cblr-1726	1081	1	see	see	VERB
cblr-1726	1081	2	supra	supra	PROPN
cblr-1726	1081	3	section	section	PROPN
cblr-1726	1081	4	iii.b	iii.b	PROPN
cblr-1726	1081	5	.	.	PUNCT
cblr-1726	1081	6	265	265	NUM
cblr-1726	1081	7	farhi	farhi	NOUN
cblr-1726	1081	8	et	et	PROPN
cblr-1726	1081	9	al	al	PROPN
cblr-1726	1081	10	.	.	PROPN
cblr-1726	1081	11	,	,	PUNCT
cblr-1726	1081	12	supra	supra	PROPN
cblr-1726	1081	13	note	note	VERB
cblr-1726	1081	14	195	195	NUM
cblr-1726	1081	15	,	,	PUNCT
cblr-1726	1081	16	at	at	ADP
cblr-1726	1081	17	43	43	NUM
cblr-1726	1081	18	.	.	PUNCT
cblr-1726	1082	1	awrey	awrey	PROPN
cblr-1726	1082	2	–	–	PUNCT
cblr-1726	1082	3	final	final	ADJ
cblr-1726	1082	4	no	no	NOUN
cblr-1726	1082	5	.	.	PUNCT
cblr-1726	1083	1	3:934	3:934	X
cblr-1726	1083	2	]	]	X
cblr-1726	1083	3	foreign	foreign	ADJ
cblr-1726	1083	4	currency	currency	NOUN
cblr-1726	1083	5	liquidity	liquidity	NOUN
cblr-1726	1083	6	assistance	assistance	NOUN
cblr-1726	1083	7	1015	1015	NUM
cblr-1726	1083	8	management	management	NOUN
cblr-1726	1083	9	.	.	PUNCT
cblr-1726	1084	1	until	until	SCONJ
cblr-1726	1084	2	they	they	PRON
cblr-1726	1084	3	are	be	AUX
cblr-1726	1084	4	prepared	prepared	ADJ
cblr-1726	1084	5	to	to	PART
cblr-1726	1084	6	make	make	VERB
cblr-1726	1084	7	these	these	DET
cblr-1726	1084	8	commitments	commitment	NOUN
cblr-1726	1084	9	,	,	PUNCT
cblr-1726	1084	10	policymakers	policymaker	NOUN
cblr-1726	1084	11	will	will	AUX
cblr-1726	1084	12	continue	continue	VERB
cblr-1726	1084	13	to	to	PART
cblr-1726	1084	14	face	face	VERB
cblr-1726	1084	15	a	a	DET
cblr-1726	1084	16	choice	choice	NOUN
cblr-1726	1084	17	between	between	ADP
cblr-1726	1084	18	autarky	autarky	NOUN
cblr-1726	1084	19	and	and	CCONJ
cblr-1726	1084	20	the	the	DET
cblr-1726	1084	21	instability	instability	NOUN
cblr-1726	1084	22	generated	generate	VERB
cblr-1726	1084	23	by	by	ADP
cblr-1726	1084	24	foreign	foreign	ADJ
cblr-1726	1084	25	currency	currency	NOUN
cblr-1726	1084	26	liquidity	liquidity	NOUN
cblr-1726	1084	27	crises	crisis	NOUN
cblr-1726	1084	28	.	.	PUNCT
cblr-1726	1085	1	vi	vi	X
cblr-1726	1085	2	.	.	NOUN
cblr-1726	1085	3	conclusion	conclusion	NOUN
cblr-1726	1085	4	there	there	PRON
cblr-1726	1085	5	are	be	VERB
cblr-1726	1085	6	a	a	DET
cblr-1726	1085	7	great	great	ADJ
cblr-1726	1085	8	many	many	ADJ
cblr-1726	1085	9	lessons	lesson	NOUN
cblr-1726	1085	10	from	from	ADP
cblr-1726	1085	11	the	the	DET
cblr-1726	1085	12	global	global	ADJ
cblr-1726	1085	13	financial	financial	ADJ
cblr-1726	1085	14	crisis	crisis	NOUN
cblr-1726	1085	15	.	.	PUNCT
cblr-1726	1086	1	this	this	DET
cblr-1726	1086	2	article	article	NOUN
cblr-1726	1086	3	has	have	AUX
cblr-1726	1086	4	identified	identify	VERB
cblr-1726	1086	5	some	some	PRON
cblr-1726	1086	6	of	of	ADP
cblr-1726	1086	7	the	the	DET
cblr-1726	1086	8	key	key	ADJ
cblr-1726	1086	9	lessons	lesson	NOUN
cblr-1726	1086	10	from	from	ADP
cblr-1726	1086	11	an	an	DET
cblr-1726	1086	12	extremely	extremely	ADV
cblr-1726	1086	13	important	important	ADJ
cblr-1726	1086	14	but	but	CCONJ
cblr-1726	1086	15	relatively	relatively	ADV
cblr-1726	1086	16	unexamined	unexamined	ADJ
cblr-1726	1086	17	episode	episode	NOUN
cblr-1726	1086	18	from	from	ADP
cblr-1726	1086	19	the	the	DET
cblr-1726	1086	20	crisis	crisis	NOUN
cblr-1726	1086	21	:	:	PUNCT
cblr-1726	1086	22	the	the	DET
cblr-1726	1086	23	international	international	PROPN
cblr-1726	1086	24	u.s	u.s	PROPN
cblr-1726	1086	25	.	.	PROPN
cblr-1726	1086	26	dollar	dollar	NOUN
cblr-1726	1086	27	liquidity	liquidity	NOUN
cblr-1726	1086	28	shortage	shortage	NOUN
cblr-1726	1086	29	that	that	PRON
cblr-1726	1086	30	began	begin	VERB
cblr-1726	1086	31	in	in	ADP
cblr-1726	1086	32	december	december	PROPN
cblr-1726	1086	33	2007	2007	NUM
cblr-1726	1086	34	and	and	CCONJ
cblr-1726	1086	35	reached	reach	VERB
cblr-1726	1086	36	its	its	PRON
cblr-1726	1086	37	apex	apex	NOUN
cblr-1726	1086	38	in	in	ADP
cblr-1726	1086	39	september	september	PROPN
cblr-1726	1086	40	and	and	CCONJ
cblr-1726	1086	41	october	october	PROPN
cblr-1726	1086	42	2008	2008	NUM
cblr-1726	1086	43	.	.	PUNCT
cblr-1726	1087	1	two	two	NUM
cblr-1726	1087	2	lessons	lesson	NOUN
cblr-1726	1087	3	stand	stand	VERB
cblr-1726	1087	4	out	out	ADP
cblr-1726	1087	5	.	.	PUNCT
cblr-1726	1088	1	the	the	DET
cblr-1726	1088	2	first	first	ADJ
cblr-1726	1088	3	is	be	AUX
cblr-1726	1088	4	that	that	SCONJ
cblr-1726	1088	5	the	the	DET
cblr-1726	1088	6	widespread	widespread	ADJ
cblr-1726	1088	7	issuance	issuance	NOUN
cblr-1726	1088	8	of	of	ADP
cblr-1726	1088	9	short	short	ADJ
cblr-1726	1088	10	-	-	PUNCT
cblr-1726	1088	11	term	term	NOUN
cblr-1726	1088	12	foreign	foreign	ADJ
cblr-1726	1088	13	currency	currency	NOUN
cblr-1726	1088	14	liabilities	liability	NOUN
cblr-1726	1088	15	by	by	ADP
cblr-1726	1088	16	banks	bank	NOUN
cblr-1726	1088	17	and	and	CCONJ
cblr-1726	1088	18	other	other	ADJ
cblr-1726	1088	19	financial	financial	ADJ
cblr-1726	1088	20	institutions	institution	NOUN
cblr-1726	1088	21	should	should	AUX
cblr-1726	1088	22	be	be	AUX
cblr-1726	1088	23	viewed	view	VERB
cblr-1726	1088	24	as	as	ADP
cblr-1726	1088	25	a	a	DET
cblr-1726	1088	26	form	form	NOUN
cblr-1726	1088	27	of	of	ADP
cblr-1726	1088	28	private	private	ADJ
cblr-1726	1088	29	money	money	NOUN
cblr-1726	1088	30	creation	creation	NOUN
cblr-1726	1088	31	that	that	PRON
cblr-1726	1088	32	poses	pose	VERB
cblr-1726	1088	33	a	a	DET
cblr-1726	1088	34	grave	grave	ADJ
cblr-1726	1088	35	threat	threat	NOUN
cblr-1726	1088	36	to	to	ADP
cblr-1726	1088	37	financial	financial	ADJ
cblr-1726	1088	38	stability	stability	NOUN
cblr-1726	1088	39	.	.	PUNCT
cblr-1726	1089	1	the	the	DET
cblr-1726	1089	2	second	second	NOUN
cblr-1726	1089	3	is	be	AUX
cblr-1726	1089	4	that	that	SCONJ
cblr-1726	1089	5	,	,	PUNCT
cblr-1726	1089	6	within	within	ADP
cblr-1726	1089	7	a	a	DET
cblr-1726	1089	8	globally	globally	ADV
cblr-1726	1089	9	integrated	integrate	VERB
cblr-1726	1089	10	financial	financial	ADJ
cblr-1726	1089	11	and	and	CCONJ
cblr-1726	1089	12	economic	economic	ADJ
cblr-1726	1089	13	system	system	NOUN
cblr-1726	1089	14	,	,	PUNCT
cblr-1726	1089	15	there	there	PRON
cblr-1726	1089	16	are	be	VERB
cblr-1726	1089	17	significant	significant	ADJ
cblr-1726	1089	18	practical	practical	ADJ
cblr-1726	1089	19	constraints	constraint	NOUN
cblr-1726	1089	20	on	on	ADP
cblr-1726	1089	21	the	the	DET
cblr-1726	1089	22	ability	ability	NOUN
cblr-1726	1089	23	of	of	ADP
cblr-1726	1089	24	sovereign	sovereign	ADJ
cblr-1726	1089	25	states	state	NOUN
cblr-1726	1089	26	to	to	PART
cblr-1726	1089	27	effectively	effectively	ADV
cblr-1726	1089	28	respond	respond	VERB
cblr-1726	1089	29	to	to	ADP
cblr-1726	1089	30	this	this	DET
cblr-1726	1089	31	threat	threat	NOUN
cblr-1726	1089	32	.	.	PUNCT
cblr-1726	1090	1	it	it	PRON
cblr-1726	1090	2	is	be	AUX
cblr-1726	1090	3	perhaps	perhaps	ADV
cblr-1726	1090	4	tempting	tempting	ADJ
cblr-1726	1090	5	to	to	PART
cblr-1726	1090	6	view	view	VERB
cblr-1726	1090	7	the	the	DET
cblr-1726	1090	8	network	network	NOUN
cblr-1726	1090	9	of	of	ADP
cblr-1726	1090	10	central	central	PROPN
cblr-1726	1090	11	bank	bank	PROPN
cblr-1726	1090	12	swap	swap	NOUN
cblr-1726	1090	13	lines	line	NOUN
cblr-1726	1090	14	established	establish	VERB
cblr-1726	1090	15	during	during	ADP
cblr-1726	1090	16	the	the	DET
cblr-1726	1090	17	financial	financial	ADJ
cblr-1726	1090	18	crisis	crisis	NOUN
cblr-1726	1090	19	,	,	PUNCT
cblr-1726	1090	20	along	along	ADP
cblr-1726	1090	21	with	with	ADP
cblr-1726	1090	22	the	the	DET
cblr-1726	1090	23	imf	imf	PROPN
cblr-1726	1090	24	’s	’s	PART
cblr-1726	1090	25	new	new	ADJ
cblr-1726	1090	26	emergency	emergency	NOUN
cblr-1726	1090	27	lending	lending	NOUN
cblr-1726	1090	28	facilities	facility	NOUN
cblr-1726	1090	29	,	,	PUNCT
cblr-1726	1090	30	as	as	ADP
cblr-1726	1090	31	evidence	evidence	NOUN
cblr-1726	1090	32	that	that	SCONJ
cblr-1726	1090	33	society	society	NOUN
cblr-1726	1090	34	has	have	AUX
cblr-1726	1090	35	learned	learn	VERB
cblr-1726	1090	36	the	the	DET
cblr-1726	1090	37	important	important	ADJ
cblr-1726	1090	38	lessons	lesson	NOUN
cblr-1726	1090	39	from	from	ADP
cblr-1726	1090	40	this	this	DET
cblr-1726	1090	41	episode	episode	NOUN
cblr-1726	1090	42	.	.	PUNCT
cblr-1726	1091	1	however	however	ADV
cblr-1726	1091	2	,	,	PUNCT
cblr-1726	1091	3	while	while	SCONJ
cblr-1726	1091	4	there	there	PRON
cblr-1726	1091	5	is	be	VERB
cblr-1726	1091	6	little	little	ADJ
cblr-1726	1091	7	doubt	doubt	NOUN
cblr-1726	1091	8	that	that	SCONJ
cblr-1726	1091	9	the	the	DET
cblr-1726	1091	10	swap	swap	NOUN
cblr-1726	1091	11	lines	line	NOUN
cblr-1726	1091	12	played	play	VERB
cblr-1726	1091	13	a	a	DET
cblr-1726	1091	14	critical	critical	ADJ
cblr-1726	1091	15	role	role	NOUN
cblr-1726	1091	16	in	in	ADP
cblr-1726	1091	17	stabilizing	stabilize	VERB
cblr-1726	1091	18	the	the	DET
cblr-1726	1091	19	financial	financial	ADJ
cblr-1726	1091	20	system	system	NOUN
cblr-1726	1091	21	at	at	ADP
cblr-1726	1091	22	the	the	DET
cblr-1726	1091	23	height	height	NOUN
cblr-1726	1091	24	of	of	ADP
cblr-1726	1091	25	the	the	DET
cblr-1726	1091	26	crisis	crisis	NOUN
cblr-1726	1091	27	,	,	PUNCT
cblr-1726	1091	28	their	their	PRON
cblr-1726	1091	29	current	current	ADJ
cblr-1726	1091	30	design	design	NOUN
cblr-1726	1091	31	gives	give	VERB
cblr-1726	1091	32	rise	rise	NOUN
cblr-1726	1091	33	to	to	ADP
cblr-1726	1091	34	significant	significant	ADJ
cblr-1726	1091	35	distortions	distortion	NOUN
cblr-1726	1091	36	,	,	PUNCT
cblr-1726	1091	37	thereby	thereby	ADV
cblr-1726	1091	38	undermining	undermine	VERB
cblr-1726	1091	39	their	their	PRON
cblr-1726	1091	40	likely	likely	ADJ
cblr-1726	1091	41	effectiveness	effectiveness	NOUN
cblr-1726	1091	42	as	as	ADP
cblr-1726	1091	43	a	a	DET
cblr-1726	1091	44	comprehensive	comprehensive	ADJ
cblr-1726	1091	45	and	and	CCONJ
cblr-1726	1091	46	durable	durable	ADJ
cblr-1726	1091	47	solution	solution	NOUN
cblr-1726	1091	48	to	to	ADP
cblr-1726	1091	49	foreign	foreign	ADJ
cblr-1726	1091	50	currency	currency	NOUN
cblr-1726	1091	51	liquidity	liquidity	NOUN
cblr-1726	1091	52	problems	problem	NOUN
cblr-1726	1091	53	.	.	PUNCT
cblr-1726	1092	1	the	the	DET
cblr-1726	1092	2	new	new	ADJ
cblr-1726	1092	3	imf	imf	PROPN
cblr-1726	1092	4	emergency	emergency	NOUN
cblr-1726	1092	5	lending	lending	NOUN
cblr-1726	1092	6	facilities	facility	NOUN
cblr-1726	1092	7	,	,	PUNCT
cblr-1726	1092	8	meanwhile	meanwhile	ADV
cblr-1726	1092	9	,	,	PUNCT
cblr-1726	1092	10	though	though	SCONJ
cblr-1726	1092	11	undoubtedly	undoubtedly	ADV
cblr-1726	1092	12	a	a	DET
cblr-1726	1092	13	constructive	constructive	ADJ
cblr-1726	1092	14	step	step	NOUN
cblr-1726	1092	15	toward	toward	ADP
cblr-1726	1092	16	a	a	DET
cblr-1726	1092	17	viable	viable	ADJ
cblr-1726	1092	18	multilateral	multilateral	ADJ
cblr-1726	1092	19	facility	facility	NOUN
cblr-1726	1092	20	for	for	ADP
cblr-1726	1092	21	the	the	DET
cblr-1726	1092	22	provision	provision	NOUN
cblr-1726	1092	23	of	of	ADP
cblr-1726	1092	24	fcla	fcla	NOUN
cblr-1726	1092	25	,	,	PUNCT
cblr-1726	1092	26	are	be	AUX
cblr-1726	1092	27	also	also	ADV
cblr-1726	1092	28	far	far	ADV
cblr-1726	1092	29	from	from	ADP
cblr-1726	1092	30	perfect	perfect	ADJ
cblr-1726	1092	31	and	and	CCONJ
cblr-1726	1092	32	remain	remain	VERB
cblr-1726	1092	33	essentially	essentially	ADV
cblr-1726	1092	34	untested	untested	ADJ
cblr-1726	1092	35	.	.	PUNCT
cblr-1726	1093	1	this	this	DET
cblr-1726	1093	2	article	article	NOUN
cblr-1726	1093	3	has	have	AUX
cblr-1726	1093	4	sketched	sketch	VERB
cblr-1726	1093	5	out	out	ADP
cblr-1726	1093	6	a	a	DET
cblr-1726	1093	7	blueprint	blueprint	NOUN
cblr-1726	1093	8	for	for	ADP
cblr-1726	1093	9	how	how	SCONJ
cblr-1726	1093	10	one	one	PRON
cblr-1726	1093	11	might	might	AUX
cblr-1726	1093	12	improve	improve	VERB
cblr-1726	1093	13	the	the	DET
cblr-1726	1093	14	effectiveness	effectiveness	NOUN
cblr-1726	1093	15	of	of	ADP
cblr-1726	1093	16	this	this	DET
cblr-1726	1093	17	emerging	emerge	VERB
cblr-1726	1093	18	international	international	ADJ
cblr-1726	1093	19	architecture	architecture	NOUN
cblr-1726	1093	20	for	for	ADP
cblr-1726	1093	21	the	the	DET
cblr-1726	1093	22	provision	provision	NOUN
cblr-1726	1093	23	of	of	ADP
cblr-1726	1093	24	fcla	fcla	NOUN
cblr-1726	1093	25	.	.	PUNCT
cblr-1726	1094	1	this	this	DET
cblr-1726	1094	2	blueprint	blueprint	NOUN
cblr-1726	1094	3	hinges	hinge	VERB
cblr-1726	1094	4	on	on	ADP
cblr-1726	1094	5	strengthening	strengthen	VERB
cblr-1726	1094	6	the	the	DET
cblr-1726	1094	7	credibility	credibility	NOUN
cblr-1726	1094	8	of	of	ADP
cblr-1726	1094	9	the	the	DET
cblr-1726	1094	10	commitments	commitment	NOUN
cblr-1726	1094	11	underpinning	underpin	VERB
cblr-1726	1094	12	fcla	fcla	NOUN
cblr-1726	1094	13	,	,	PUNCT
cblr-1726	1094	14	eliminating	eliminate	VERB
cblr-1726	1094	15	the	the	DET
cblr-1726	1094	16	distortions	distortion	NOUN
cblr-1726	1094	17	associated	associate	VERB
cblr-1726	1094	18	with	with	ADP
cblr-1726	1094	19	the	the	DET
cblr-1726	1094	20	underpriced	underpriced	ADJ
cblr-1726	1094	21	provision	provision	NOUN
cblr-1726	1094	22	of	of	ADP
cblr-1726	1094	23	liquidity	liquidity	NOUN
cblr-1726	1094	24	insurance	insurance	NOUN
cblr-1726	1094	25	under	under	ADP
cblr-1726	1094	26	the	the	DET
cblr-1726	1094	27	current	current	ADJ
cblr-1726	1094	28	facilities	facility	NOUN
cblr-1726	1094	29	,	,	PUNCT
cblr-1726	1094	30	and	and	CCONJ
cblr-1726	1094	31	enhancing	enhance	VERB
cblr-1726	1094	32	cross	cross	ADJ
cblr-1726	1094	33	-	-	ADJ
cblr-1726	1094	34	border	border	ADJ
cblr-1726	1094	35	data	datum	NOUN
cblr-1726	1094	36	sharing	sharing	NOUN
cblr-1726	1094	37	and	and	CCONJ
cblr-1726	1094	38	awrey	awrey	NOUN
cblr-1726	1094	39	–	–	PUNCT
cblr-1726	1095	1	final	final	ADJ
cblr-1726	1095	2	1016	1016	NUM
cblr-1726	1095	3	columbia	columbia	PROPN
cblr-1726	1095	4	business	business	NOUN
cblr-1726	1095	5	law	law	PROPN
cblr-1726	1095	6	review	review	NOUN
cblr-1726	1095	7	[	[	X
cblr-1726	1095	8	vol	vol	NOUN
cblr-1726	1095	9	.	.	NOUN
cblr-1726	1095	10	2017	2017	NUM
cblr-1726	1095	11	macroprudential	macroprudential	ADJ
cblr-1726	1095	12	surveillance	surveillance	NOUN
cblr-1726	1095	13	arrangements	arrangement	NOUN
cblr-1726	1095	14	.	.	PUNCT
cblr-1726	1096	1	while	while	SCONJ
cblr-1726	1096	2	largely	largely	ADV
cblr-1726	1096	3	incremental	incremental	ADJ
cblr-1726	1096	4	,	,	PUNCT
cblr-1726	1096	5	these	these	DET
cblr-1726	1096	6	reforms	reform	NOUN
cblr-1726	1096	7	could	could	AUX
cblr-1726	1096	8	serve	serve	VERB
cblr-1726	1096	9	to	to	PART
cblr-1726	1096	10	dramatically	dramatically	ADV
cblr-1726	1096	11	reduce	reduce	VERB
cblr-1726	1096	12	the	the	DET
cblr-1726	1096	13	prospect	prospect	NOUN
cblr-1726	1096	14	of	of	ADP
cblr-1726	1096	15	widespread	widespread	ADJ
cblr-1726	1096	16	financial	financial	ADJ
cblr-1726	1096	17	instability	instability	NOUN
cblr-1726	1096	18	stemming	stem	VERB
cblr-1726	1096	19	from	from	ADP
cblr-1726	1096	20	foreign	foreign	ADJ
cblr-1726	1096	21	currency	currency	NOUN
cblr-1726	1096	22	liquidity	liquidity	NOUN
cblr-1726	1096	23	problems	problem	NOUN
cblr-1726	1096	24	.	.	PUNCT
cblr-1726	1097	1	lastly	lastly	ADV
cblr-1726	1097	2	,	,	PUNCT
cblr-1726	1097	3	this	this	DET
cblr-1726	1097	4	article	article	NOUN
cblr-1726	1097	5	has	have	AUX
cblr-1726	1097	6	raised	raise	VERB
cblr-1726	1097	7	a	a	DET
cblr-1726	1097	8	host	host	NOUN
cblr-1726	1097	9	of	of	ADP
cblr-1726	1097	10	important	important	ADJ
cblr-1726	1097	11	and	and	CCONJ
cblr-1726	1097	12	—	—	PUNCT
cblr-1726	1097	13	at	at	ADP
cblr-1726	1097	14	least	least	ADJ
cblr-1726	1097	15	for	for	ADP
cblr-1726	1097	16	the	the	DET
cblr-1726	1097	17	moment	moment	NOUN
cblr-1726	1097	18	—	—	PUNCT
cblr-1726	1097	19	unanswered	unanswered	ADJ
cblr-1726	1097	20	questions	question	NOUN
cblr-1726	1097	21	.	.	PUNCT
cblr-1726	1098	1	paramount	paramount	PROPN
cblr-1726	1098	2	amongst	amongst	ADP
cblr-1726	1098	3	these	these	DET
cblr-1726	1098	4	questions	question	NOUN
cblr-1726	1098	5	is	be	AUX
cblr-1726	1098	6	how	how	SCONJ
cblr-1726	1098	7	well	well	ADV
cblr-1726	1098	8	the	the	DET
cblr-1726	1098	9	current	current	ADJ
cblr-1726	1098	10	patchwork	patchwork	NOUN
cblr-1726	1098	11	architecture	architecture	NOUN
cblr-1726	1098	12	for	for	ADP
cblr-1726	1098	13	the	the	DET
cblr-1726	1098	14	provision	provision	NOUN
cblr-1726	1098	15	of	of	ADP
cblr-1726	1098	16	fcla	fcla	NOUN
cblr-1726	1098	17	will	will	AUX
cblr-1726	1098	18	perform	perform	VERB
cblr-1726	1098	19	during	during	ADP
cblr-1726	1098	20	the	the	DET
cblr-1726	1098	21	next	next	ADJ
cblr-1726	1098	22	global	global	ADJ
cblr-1726	1098	23	financial	financial	ADJ
cblr-1726	1098	24	crisis	crisis	NOUN
cblr-1726	1098	25	.	.	PUNCT
cblr-1726	1099	1	while	while	SCONJ
cblr-1726	1099	2	there	there	PRON
cblr-1726	1099	3	is	be	VERB
cblr-1726	1099	4	reason	reason	NOUN
cblr-1726	1099	5	for	for	ADP
cblr-1726	1099	6	cautious	cautious	ADJ
cblr-1726	1099	7	optimism	optimism	NOUN
cblr-1726	1099	8	,	,	PUNCT
cblr-1726	1099	9	there	there	PRON
cblr-1726	1099	10	is	be	VERB
cblr-1726	1099	11	also	also	ADV
cblr-1726	1099	12	enormous	enormous	ADJ
cblr-1726	1099	13	scope	scope	NOUN
cblr-1726	1099	14	for	for	ADP
cblr-1726	1099	15	political	political	ADJ
cblr-1726	1099	16	interference	interference	NOUN
cblr-1726	1099	17	,	,	PUNCT
cblr-1726	1099	18	coordination	coordination	NOUN
cblr-1726	1099	19	problems	problem	NOUN
cblr-1726	1099	20	,	,	PUNCT
cblr-1726	1099	21	and	and	CCONJ
cblr-1726	1099	22	policy	policy	NOUN
cblr-1726	1099	23	failure	failure	NOUN
cblr-1726	1099	24	.	.	PUNCT
cblr-1726	1100	1	from	from	ADP
cblr-1726	1100	2	an	an	DET
cblr-1726	1100	3	empirical	empirical	ADJ
cblr-1726	1100	4	perspective	perspective	NOUN
cblr-1726	1100	5	,	,	PUNCT
cblr-1726	1100	6	other	other	ADJ
cblr-1726	1100	7	important	important	ADJ
cblr-1726	1100	8	questions	question	NOUN
cblr-1726	1100	9	include	include	VERB
cblr-1726	1100	10	whether	whether	SCONJ
cblr-1726	1100	11	and	and	CCONJ
cblr-1726	1100	12	how	how	SCONJ
cblr-1726	1100	13	the	the	DET
cblr-1726	1100	14	current	current	ADJ
cblr-1726	1100	15	architecture	architecture	NOUN
cblr-1726	1100	16	might	might	AUX
cblr-1726	1100	17	serve	serve	VERB
cblr-1726	1100	18	to	to	PART
cblr-1726	1100	19	distort	distort	VERB
cblr-1726	1100	20	international	international	ADJ
cblr-1726	1100	21	capital	capital	NOUN
cblr-1726	1100	22	flows	flow	NOUN
cblr-1726	1100	23	,	,	PUNCT
cblr-1726	1100	24	along	along	ADP
cblr-1726	1100	25	with	with	ADP
cblr-1726	1100	26	how	how	SCONJ
cblr-1726	1100	27	these	these	DET
cblr-1726	1100	28	distortions	distortion	NOUN
cblr-1726	1100	29	might	might	AUX
cblr-1726	1100	30	contribute	contribute	VERB
cblr-1726	1100	31	to	to	ADP
cblr-1726	1100	32	foreign	foreign	ADJ
cblr-1726	1100	33	exchange	exchange	NOUN
cblr-1726	1100	34	imbalances	imbalance	NOUN
cblr-1726	1100	35	or	or	CCONJ
cblr-1726	1100	36	foment	foment	VERB
cblr-1726	1100	37	potential	potential	ADJ
cblr-1726	1100	38	financial	financial	ADJ
cblr-1726	1100	39	instability	instability	NOUN
cblr-1726	1100	40	.	.	PUNCT
cblr-1726	1101	1	from	from	ADP
cblr-1726	1101	2	a	a	DET
cblr-1726	1101	3	policy	policy	NOUN
cblr-1726	1101	4	perspective	perspective	NOUN
cblr-1726	1101	5	,	,	PUNCT
cblr-1726	1101	6	important	important	ADJ
cblr-1726	1101	7	questions	question	NOUN
cblr-1726	1101	8	then	then	ADV
cblr-1726	1101	9	include	include	VERB
cblr-1726	1101	10	whether	whether	SCONJ
cblr-1726	1101	11	these	these	DET
cblr-1726	1101	12	distortions	distortion	NOUN
cblr-1726	1101	13	are	be	AUX
cblr-1726	1101	14	best	well	ADV
cblr-1726	1101	15	addressed	address	VERB
cblr-1726	1101	16	through	through	ADP
cblr-1726	1101	17	the	the	DET
cblr-1726	1101	18	development	development	NOUN
cblr-1726	1101	19	of	of	ADP
cblr-1726	1101	20	bilateral	bilateral	ADJ
cblr-1726	1101	21	arrangements	arrangement	NOUN
cblr-1726	1101	22	such	such	ADJ
cblr-1726	1101	23	as	as	ADP
cblr-1726	1101	24	central	central	ADJ
cblr-1726	1101	25	bank	bank	NOUN
cblr-1726	1101	26	swap	swap	NOUN
cblr-1726	1101	27	lines	line	NOUN
cblr-1726	1101	28	or	or	CCONJ
cblr-1726	1101	29	multilateral	multilateral	ADJ
cblr-1726	1101	30	arrangements	arrangement	NOUN
cblr-1726	1101	31	such	such	ADJ
cblr-1726	1101	32	as	as	ADP
cblr-1726	1101	33	the	the	DET
cblr-1726	1101	34	imf	imf	PROPN
cblr-1726	1101	35	’s	’s	PART
cblr-1726	1101	36	emergency	emergency	NOUN
cblr-1726	1101	37	lending	lending	NOUN
cblr-1726	1101	38	facilities	facility	NOUN
cblr-1726	1101	39	.	.	PUNCT
cblr-1726	1102	1	the	the	DET
cblr-1726	1102	2	answers	answer	NOUN
cblr-1726	1102	3	to	to	ADP
cblr-1726	1102	4	these	these	DET
cblr-1726	1102	5	questions	question	NOUN
cblr-1726	1102	6	remain	remain	VERB
cblr-1726	1102	7	to	to	PART
cblr-1726	1102	8	be	be	AUX
cblr-1726	1102	9	explored	explore	VERB
cblr-1726	1102	10	in	in	ADP
cblr-1726	1102	11	subsequent	subsequent	ADJ
cblr-1726	1102	12	work	work	NOUN
cblr-1726	1102	13	and	and	CCONJ
cblr-1726	1102	14	,	,	PUNCT
cblr-1726	1102	15	ultimately	ultimately	ADV
cblr-1726	1102	16	,	,	PUNCT
cblr-1726	1102	17	will	will	AUX
cblr-1726	1102	18	play	play	VERB
cblr-1726	1102	19	an	an	DET
cblr-1726	1102	20	important	important	ADJ
cblr-1726	1102	21	role	role	NOUN
cblr-1726	1102	22	in	in	ADP
cblr-1726	1102	23	building	build	VERB
cblr-1726	1102	24	a	a	DET
cblr-1726	1102	25	more	more	ADV
cblr-1726	1102	26	sustainable	sustainable	ADJ
cblr-1726	1102	27	international	international	ADJ
cblr-1726	1102	28	financial	financial	ADJ
cblr-1726	1102	29	system	system	NOUN
cblr-1726	1102	30	.	.	PUNCT
cblr-1726	1103	1	gorton	gorton	PROPN