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The economics of liquidity lines between central banks

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  • Bahaj, Saleem
  • Reis, Ricardo

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,

Suggested Citation

  • Bahaj, Saleem & Reis, Ricardo, 2022. "The economics of liquidity lines between central banks," CEPR Discussion Papers 17122, C.E.P.R. Discussion Papers.
    • Handle: RePEc:cpr:ceprdp:17122
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    Cited by:

    1. Willem H Buiter, 2023. "The widespread failure of central banks to control inflation," Economic Affairs, Wiley Blackwell, vol. 43(1), pages 2-31, February.
    2. Yu, Ziliang & Liu, Xiaomeng & Liu, Zhuqing & Li, Yang, 2023. "Central bank swap arrangements and exchange rate volatility: Evidence from China," Emerging Markets Review, Elsevier, vol. 56(C).

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    More about this item

    Keywords

    Swap lines; Fima; Eurep; Financial stability; International currency; Lender of last resort;
    All these keywords.

    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets

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