Policy Measures to Alleviate Foreign Currency Liquidity Shortages under Aggregate Risk with Moral Hazard
Subject: Standing swap lines, Operations supplying US dollar funds outside the US, Cross-border collateral arrangements
jel: jel:F31 | jel:E58 | jel:F33
During the recent global financial crisis, some central banks introduced two innovative cross-border operations to deal with the problems of foreign currency liquidity shortages: domestic liquidity operations using cross-border collaterals and operations for supplying f... View more
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