The Economics of Liquidity Lines Between Central Banks

Saleem Bahaj and Ricardo Reis

Annual Review of Financial Economics, 2022, vol. 14, issue 1, 57-74

Abstract: Liquidity lines between central banks are a key part of the international financial safety net. In this review article, we lay out some of the economic questions that they pose. Research has provided answers to some of these questions, but many more require further research.

Keywords: EUREP; Eurosystem Repo Facility for Central Banks; FIMA; financial stability; Foreign and International Monetary Authorities; international currency; lender of last resort; swap lines (search for similar items in EconPapers)
JEL-codes: E44 F33 G15 (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (2)

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https://doi.org/10.1146/annurev-financial-111620-022146
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Related works:
Working Paper: The economics of liquidity lines between central banks (2022)
Working Paper: The economics of liquidity lines between central banks (2022)
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DOI: 10.1146/annurev-financial-111620-022146

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