Brad Setser, an analyst at RGE Monitor, argues that European banks caught with asset-backed commercial paper may have been buying dollars for fear of being unable to roll over the short-term debt.

• RGEMonitor的分析师BradSetser则争辩这是由于那些陷入资产抵押商业债券的欧洲银行担心不能对其短期贷款重新筹资而买入美元。