10  That said, as well as matching the currency, the hedging is generally also maturity matched. 11  For more discussion of this issue, see CGFS (Committee on the Global Financial System) (2010), “The Functioning and Resilience of Cross-border Funding Markets”, CGFS Paper No 37. 6  BIS central bankers’ speeches
Some preliminary calculations suggest that the total of equity extractions from unrealized capital gains on homes that is spent on consumer goods and services per dollar of capital gains is a fraction of the  1  The realized capital gain on a home sale in recent years has engendered a net increase in the mortgage debt (that is, net equity extraction) on that home averaging nine-tenths of the capital gain.