Working paper
Central bank swaps then and now: swaps and dollar liquidity in the 1960s
- Abstract:
-
This paper explores the record of central bank swaps to draw out four themes. First, this recent device of central bank cooperation had a sustained pre-history from 1962-1998, surviving the transition from fixed to floating exchange rates. Second, Federal Reserve swap facilities have generally formed a part of a wider network of central bank swap lines. Third, we take issue with the view of swaps as previously used only to manage exchange rates and only more recently to manage offshore fundin...
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- Publication status:
- Published
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Funding
Humanities in the European Research Area
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Bibliographic Details
- Publisher:
- Bank for International Settlements Publisher's website
- Host title:
- BIS Working Papers
- Article number:
- 851
- Pages:
- 1-47
- Publication date:
- 2020-04-01
- EISSN:
-
1682-7678
- ISSN:
-
1020-0959
- Paper number:
- 851
Item Description
- Language:
- English
- Keywords:
- Pubs id:
-
1097981
- Local pid:
- pubs:1097981
- Deposit date:
- 2020-08-19
Terms of use
- Copyright holder:
- © Bank for International Settlements 2020
- Copyright date:
- 2020
- Rights statement:
- All rights reserved. Brief excerpts may be reproduced or translated provided the source is stated
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