The Economics of Liquidity Lines between Central Banks
30 Pages Posted: 29 Mar 2022
Date Written: March 2022
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. For some of them, research has provided some answers. For others, there is still much to discover.
Keywords: EUREP, FIMA, Financial Stability, International Currency, lender of last resort, Swap Lines
JEL Classification: E44, F33, G15
Suggested Citation: Suggested Citation
Bahaj, Saleem and Reis, Ricardo A.M.R., The Economics of Liquidity Lines between Central Banks (March 2022). CEPR Discussion Paper No. DP17122, Available at SSRN: https://ssrn.com/abstract=4069931
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