The Evolution of the Federal Reserve Swap Lines since 1962

This paper describes the evolution of the Federal Reserve's swap lines from their inception in 1962 as a mechanism to forestall claims on U.S gold reserves under Bretton Woods to a means of extending emergency dollar liquidity during the Great Recession. It describes the Federal Reserve's...

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Veröffentlicht in:	IMF economic review 2015-09, Vol.63 (2), p.353-372
Hauptverfasser:	BORDO, MICHAEL D., HUMPAGE, OWEN F., SCHWARTZ, ANNA J.
Format:	Artikel
Sprache:	eng
Schlagworte:	American dollar Bank liquidity Bank reserves Board of Governors of the Federal Reserve System Bretton Woods System Capital Markets Central banks Currency Economic crises Economic crisis Economic Policy Economics Economics and Finance Emerging markets Federal Reserve Bank Federal Reserve monetary policy Foreign exchange Global economy Gold Gold reserves International International Economics International finance International liquidity Liquidity Macroeconomics/Monetary Economics//Financial Economics Monetary policy Monetary theory National treasuries Studies Swaps (Finance)
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