EconPapers    
Economics at your fingertips  
 

The Federal Reserve's foreign exchange swap lines

Nicholas Klagge and Michael Fleming ()

Current Issues in Economics and Finance, 2010, issue apr

Abstract: The financial crisis that began in August 2007 disrupted U.S. dollar funding markets not only in the United States but also overseas. To address funding pressures internationally, the Federal Reserve introduced a system of reciprocal currency arrangements, or \\"swap lines,\\" with other central banks. The swap line program, which ended early this year, enhanced the ability of these central banks to provide U.S. dollar funding to financial institutions in their jurisdictions.

Keywords: International liquidity; Banks and banking, Central; Federal Reserve System; Swaps (Finance); Foreign exchange (search for similar items in EconPapers)
Date: 2010
References: View complete reference list from CitEc
Citations: View citations in EconPapers (17) Track citations by RSS feed

Downloads: (external link)
https://www.newyorkfed.org/medialibrary/media/research/current_issues/ci16-4.pdf (application/pdf)
https://www.newyorkfed.org/medialibrary/media/rese ... t_issues/ci16-4.html (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fednci:y:2010:i:apr:n:v.16no.4

Ordering information: This journal article can be ordered from

Access Statistics for this article

More articles in Current Issues in Economics and Finance from Federal Reserve Bank of New York Contact information at EDIRC.
Bibliographic data for series maintained by Amy Farber ().

 
Page updated 2020-01-25
Handle: RePEc:fip:fednci:y:2010:i:apr:n:v.16no.4