BIS central bankers’ speeches  11  Another key conclusion is that the mortgage arrears problem needs to be addressed on a case-by-case basis by lenders. This has been widely acknowledged, although perhaps not universally accepted.
It is, however, currently not so easy to explain the resilience of the US dollar with the United States’ economic prospects having changed over the last six months. As a result of the strong US dollar, many currencies have weakened against the US dollar in 2000 and 2001 to date.