1 On the global role of the dollar Does any of the discussions so far lead you to believe that dollar deposits may have liquidity characteristics different from those of other currency deposits? If so, how would the differences affect the interest rate differential between, say, dollar and Mexican peso deposits? Based on your answer to the previous questions and general knowledge / beliefs, what do you think of the possible evolution of the liquidity of euro deposits in the future'FE And what does the evidence in Fig. 1 suggest