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International reserves and swap lines: substitutes or complements?

Citations

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Cited by:

  1. Jeanne, Olivier, 2012. "The dollar and its discontents," Journal of International Money and Finance, Elsevier, vol. 31(8), pages 1976-1989.
  2. Petar Vujanovic, 2011. "Understanding the Recent Surge in the Accumulation of International Reserves," OECD Economics Department Working Papers 866, OECD Publishing.
  3. Liu, Zhuqing & Zhang, Junmei, 2025. "Central bank swap arrangements, exchange rate volatility, and China’s exports," Journal of Multinational Financial Management, Elsevier, vol. 79(C).
  4. Lu, Dong & Qian, Xingwang & Zhu, Wenyu, 2024. "External debt currency denomination and the currency composition of foreign exchange reserves," Pacific-Basin Finance Journal, Elsevier, vol. 86(C).
  5. Aizenman, Joshua & Ito, Hiro & Pasricha, Gurnain Kaur, 2022. "Central bank swap arrangements in the COVID-19 crisis," Journal of International Money and Finance, Elsevier, vol. 122(C).
  6. Javid Suleymanli, 2022. "Differences in the Determinants of National Reserves across G7 and Rising Power Countries," International Journal of Energy Economics and Policy, International Journal of Energy Economics and Policy, vol. 12(2), pages 431-443, March.
  7. Layal Mansour, 2013. "International Reserves versus External Debts : Can International reserves avoid future Financial Crisis in indebted Countries ?," Working Papers halshs-00864899, HAL.
  8. Michael D. Bordo & Owen F. Humpage & Anna J. Schwartz, 2015. "Epilogue: Foreign-Exchange-Market Operations in the Twenty-First Century," NBER Chapters, in: Strained Relations: US Foreign-Exchange Operations and Monetary Policy in the Twentieth Century, pages 345-363, National Bureau of Economic Research, Inc.
  9. Mohammed Ahmed, Abdullahi, 2019. "China’s Bilateral Currency Swap Agreement: Strategic Move to Foster Political and Financial Hegemony," MPRA Paper 109879, University Library of Munich, Germany, revised 08 Oct 2019.
  10. Robert N McCauley & Catherine R Schenk, 2020. "Central bank swaps then and now: swaps and dollar liquidity in the 1960s," BIS Working Papers 851, Bank for International Settlements.
  11. Laurissa Mühlich & Barbara Fritz, 2018. "Safety for Whom? The Scattered Global Financial Safety Net and the Role of Regional Financial Arrangements," Open Economies Review, Springer, vol. 29(5), pages 981-1001, November.
  12. Jenny Kilp & Vafa Anvari & Samantha Springfield & Crystal Roberts, 2018. "The Impact of the Global Financial Safety Net on Emerging Market Bond Spreads," Working Papers 8655, South African Reserve Bank.
  13. Sebastian Dullien & Barbara Fritz & Laurissa Mühlich, 2013. "Regional Monetary Cooperation: Lessons from the Euro Crisis for Developing Areas?," World Economic Review, World Economics Association, vol. 2013(2), pages 1-1, February.
  14. Silvia Albrizio & Iván Kataryniuk & Luis Molina & Jan Schäfer, 2021. "ECB euro liquidity lines," Working Papers 2125, Banco de España.
  15. McKay Julie & Volz Ulrich & Wölfinger Regine, 2011. "Regional Financing Arrangements and the Stability of the International Monetary System," Journal of Globalization and Development, De Gruyter, vol. 2(1), pages 1-33, August.
  16. Aizenman, Joshua & Sun, Yi, 2012. "The financial crisis and sizable international reserves depletion: From ‘fear of floating’ to the ‘fear of losing international reserves’?," International Review of Economics & Finance, Elsevier, vol. 24(C), pages 250-269.
  17. Richhild Moessner & William A Allen, 2010. "Options for meeting the demand for international liquidity during financial crises," BIS Quarterly Review, Bank for International Settlements, September.
  18. Dominguez, Kathryn M.E., 2012. "Foreign reserve management during the global financial crisis," Journal of International Money and Finance, Elsevier, vol. 31(8), pages 2017-2037.
  19. Joshua Aizenman, 2015. "Internationalization of the RMB, Capital Market Openness and Financial Reforms in China," Pacific Economic Review, Wiley Blackwell, vol. 20(3), pages 444-460, August.
  20. Michael D Bordo & Owen F Humpage & Anna J Schwartz, 2015. "The Evolution of the Federal Reserve Swap Lines since 1962," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 63(2), pages 353-372, September.
  21. Hasan Comert & Mehmet Selman Colak, 2014. "Can Financial Stability be Maintained in Developing Countries after the Global Crisis: The Role of External Financial Shocks?," ERC Working Papers 1411, ERC - Economic Research Center, Middle East Technical University, revised Jan 2015.
  22. Pauline Bourgeon & Jérôme Sgard, 2025. "Liquidity Swaps between Central Banks, the IMF, and the Evolution of the International Financial Architecture," Post-Print hal-04081559, HAL.
  23. Marek A. Dąbrowski, 2015. "Jakość danych o rezerwach dewizowych a kryzysy finansowe w gospodarkach wschodzących," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 3, pages 49-78.
  24. Doukouré Charles FE, 2025. "Effect of financial development on trade openness: a comparative analysis in West African countries," International Journal of Economic Policy Studies, Springer, vol. 19(1), pages 89-117, February.
  25. Dennis Essers & Stefaan Ide, 2017. "The IMF and precautionary lending : An empirical evaluation of the selectivity and effectiveness of the flexible credit line," Working Paper Research 323, National Bank of Belgium.
  26. Steiner, Andreas, 2014. "Current account balance and dollar standard: Exploring the linkages," Journal of International Money and Finance, Elsevier, vol. 41(C), pages 65-94.
  27. Ito, Takatoshi, 2017. "A new financial order in Asia: Will a RMB bloc emerge?," Journal of International Money and Finance, Elsevier, vol. 74(C), pages 232-257.
  28. Joshua Aizenman, 2010. "International Reserves and Swap Lines in Times of Financial Distress: Overview and Interpretations," Working Papers id:3022, eSocialSciences.
  29. Bank for International Settlements, 2021. "Changing patterns of capital flows," CGFS Papers, Bank for International Settlements, number 66.
  30. Yeh, Kuo-chun, 2012. "Renminbi in the future international monetary system," International Review of Economics & Finance, Elsevier, vol. 21(1), pages 106-114.
  31. Pikkarainen, Pentti, 2010. "Central bank liquidity during the financial market and economic crisis : observations, thoughts and questions," Research Discussion Papers 20/2010, Bank of Finland.
  32. Pikkarainen, Pentti, 2010. "Central bank liquidity during the financial market and economic crisis: observations, thoughts and questions," Bank of Finland Research Discussion Papers 20/2010, Bank of Finland.
  33. Dominguez, Kathryn M.E. & Hashimoto, Yuko & Ito, Takatoshi, 2012. "International reserves and the global financial crisis," Journal of International Economics, Elsevier, vol. 88(2), pages 388-406.
  34. Joshua Aizenman & Yothin Jinjarak & Donghyun Park, 2011. "Evaluating Asian Swap Arrangements," Governance Working Papers 23239, East Asian Bureau of Economic Research.
  35. Joshua Aizenman & Gurnain Kaur Pasricha, 2010. "Determinants of Financial Stress and Recovery during the Great Recession," NBER Working Papers 16605, National Bureau of Economic Research, Inc.
  36. Aizenman, Joshua & Park, Donghyun & Qureshi, Irfan A. & Saadaoui, Jamel & Salah Uddin, Gazi, 2024. "The performance of emerging markets during the Fed’s easing and tightening cycles: A cross-country resilience analysis," Journal of International Money and Finance, Elsevier, vol. 148(C).
  37. Tang, Lingxiao & Li, Kenan & Ouyang, Yao, 2026. "Does the People's Bank of China's currency swap have macroeconomic stability effects?," Economic Modelling, Elsevier, vol. 155(C).
  38. Barbara Fritz & Laurissa Mühlich, 2019. "Regional Financial Arrangements in the Global Financial Safety Net: The Arab Monetary Fund and the Eurasian Fund for Stabilization and Development," Development and Change, International Institute of Social Studies, vol. 50(1), pages 96-121, January.
  39. Gabriela Contreras & Alejandro Jara & Eduardo Olaberría & Diego Saravia, 2012. "On the Level of International Reserves in Chile: an Analysis Based on Complementary Approaches," Journal Econom a Chilena (The Chilean Economy), Central Bank of Chile, vol. 15(3), pages 40-63, December.
  40. Bussière, Matthieu & Cheng, Gong & Chinn, Menzie D. & Lisack, Noëmie, 2015. "For a few dollars more: Reserves and growth in times of crises," Journal of International Money and Finance, Elsevier, vol. 52(C), pages 127-145.
  41. Joshua Aizenman, 2015. "Internationalization of the RMB, Capital Market Openness and Financial Reforms in China," Pacific Economic Review, Wiley Blackwell, vol. 20(3), pages 444-460, August.
  42. Mohammed Ahmed, Abdullahi, 2019. "China’s Bilateral Currency Swap in International Trade Clearance: An Empirical Investigation," MPRA Paper 109895, University Library of Munich, Germany.
  43. Zhitao Lin & Wenjie Zhan & Yin-Wong Cheung, 2016. "China's Bilateral Currency Swap Lines," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 24(6), pages 19-42, November.
  44. Lingduo Jiang & Shuangshuang Liu & Guofeng Zhang, 2023. "The effect of bilateral currency swap agreements on foreign capital inflows: Evidence from China," Southern Economic Journal, John Wiley & Sons, vol. 90(2), pages 444-473, October.
  45. Atilgan, Yigit & Demirtas, K. Ozgur & Simsek, Koray D., 2016. "Derivative markets in emerging economies: A survey," International Review of Economics & Finance, Elsevier, vol. 42(C), pages 88-102.
  46. Elena Seghezza, 2018. "Can swap line arrangements help solve the Triffin dilemma? How?," The World Economy, Wiley Blackwell, vol. 41(10), pages 2691-2708, October.
  47. Reinhart, Carmen M., 2019. "The curious case of the missing defaults," Journal of International Money and Finance, Elsevier, vol. 95(C), pages 272-280.
  48. Pope, Robin & Selten, Reinhard, 2011. "Public Debt Tipping Point Studies Ingnore How Exchange Rate Changes May Create A Financial Meltdown," Bonn Econ Discussion Papers 15/2011, University of Bonn, Bonn Graduate School of Economics (BGSE).
  49. Abid, Abir, 2020. "Economic policy uncertainty and exchange rates in emerging markets: Short and long runs evidence," Finance Research Letters, Elsevier, vol. 37(C).
  50. Carlos Giraldo, 2018. "IMF–RFA collaboration: motives, state of play, and way forward A joint RFA staff proposal," Documentos de Discusión FLAR 19452, Fondo Latino Americano de Reservas - FLAR.
  51. Jenny Kilp & Vafa Anvari & Samantha Springfield & Crystal Roberts, 2019. "The Impact of the Global Financial Safety Net on Emerging Market Bond Spreads," Russian Journal of Money and Finance, Bank of Russia, vol. 78(2), pages 43-66, June.
  52. Ä°mre ERSOY, 2011. "On Reserve Hoarding In Emes: The Case Of Turkey," Journal of Applied Economic Sciences, Spiru Haret University, Faculty of Financial Management and Accounting Craiova, vol. 6(3(17)/ Fa), pages 230-243.
  53. 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).
  54. Tang, Lingxiao & Li, Kenan & Xu, Tao, 2025. "Do the People's Bank of China's currency swaps cause moral hazard?," Finance Research Letters, Elsevier, vol. 77(C).
  55. Aizenman, Joshua & Cheung, Yin-Wong & Qian, XingWang, 2020. "The currency composition of international reserves, demand for international reserves, and global safe assets," Journal of International Money and Finance, Elsevier, vol. 102(C).
  56. Akihiko Ikeda, 2020. "Currency Swap Agreements and Financial Crises in Small Open Economies," KIER Working Papers 1033, Kyoto University, Institute of Economic Research.
  57. Maria Siranova & Menbere Workie Tiruneh & Brian Konig, 2024. "From abnormal FDI to a normal driver of sudden stop episodes," Working Papers 2024.02, International Network for Economic Research - INFER.
  58. Zeki Tuğrul Göver, 2018. "The Effects of the IMF’s Quota and Governance Reforms on Turkey," Bulletin of Economic Theory and Analysis, BETA Journals, vol. 3(1), pages 1-34.
  59. Gete, Pedro & Melkadze, Givi, 2020. "A quantitative model of international lending of last resort," Journal of International Economics, Elsevier, vol. 123(C).
  60. Essers, Dennis & Ide, Stefaan, 2019. "The IMF and precautionary lending: An empirical evaluation of the selectivity and effectiveness of the Flexible Credit Line," Journal of International Money and Finance, Elsevier, vol. 92(C), pages 25-61.
  61. Jie Yang & Liyan Han, 2013. "Optimal size of currency swap between central banks: evidence from China," Applied Economics Letters, Taylor & Francis Journals, vol. 20(3), pages 203-207, February.
  62. Pina, Gonçalo, 2017. "International reserves and global interest rates," Journal of International Money and Finance, Elsevier, vol. 74(C), pages 371-385.
  63. Pope, Robin & Selten, Reinhard, 2013. "Currency wars not public debt may create a financial meltdown," VfS Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 79862, Verein für Socialpolitik / German Economic Association.
  64. L. V. Krylova & A. F. Mudretsov & A. A. Prudnikova, 2024. "Significance of International Reserves in the Global Anti-Crisis Financing System," Studies on Russian Economic Development, Springer, vol. 35(3), pages 423-429, June.
  65. D. Essers & E. Vincent, 2017. "The global financial safety net :In need of repair ?," Economic Review, National Bank of Belgium, issue ii, pages 87-112, september.
  66. Layal Mansour, 2012. "Hoarding of International Reserves and Sterilization in Dollarized and Indebted Countries : an effective monetary policy?," Working Papers halshs-00695611, HAL.
  67. Abdullahi Ahmed Mohammed, 2024. "Financial development and central bank bilateral currency swaps: Is there trade effect?," Economic Journal of Emerging Markets, Universitas Islam Indonesia, vol. 16(1), pages 77-88.
  68. Dąbrowski, Marek A. & Śmiech, Sławomir & Papież, Monika, 2015. "Monetary policy options for mitigating the impact of the global financial crisis on emerging market economies," Journal of International Money and Finance, Elsevier, vol. 51(C), pages 409-431.
  69. Ádám Balog & Orsolya Csortos & Ágnes Torös & Márton Zsigó, 2015. "Interaction between monetary and macroprudential policies in practice - a Hungarian example," BIS Papers chapters, in: Bank for International Settlements (ed.), What do new forms of finance mean for EM central banks?, volume 83, pages 159-180, Bank for International Settlements.
  70. Becker, Chris & Ossandon Busch, Matias & Tonzer, Lena, 2021. "Macroprudential policy and intra-group dynamics: The effects of reserve requirements in Brazil," Journal of Corporate Finance, Elsevier, vol. 71(C).
  71. Yan, Yuanyuan & Zhong, Xin & Sun, Kai, 2026. "Navigating turbulence: How exchange rate volatility shapes emerging-market outward foreign direct investment?," Journal of Multinational Financial Management, Elsevier, vol. 81(C).
  72. Scheubel, Beatrice & Stracca, Livio & Tille, Cédric, 2019. "Taming the global financial cycle: What role for the global financial safety net?," Journal of International Money and Finance, Elsevier, vol. 94(C), pages 160-182.
  73. Lo, Gaye-Del & Marcelin, Isaac & Bassène, Théophile & Lo, Assane, 2024. "Connectedness and risk spillovers among sub-Saharan Africa and MENA equity markets," Emerging Markets Review, Elsevier, vol. 63(C).
  74. Dongwon Lee, 2023. "International cooperation in foreign reserve policies in the presence of competitive hoarding," Review of International Economics, Wiley Blackwell, vol. 31(2), pages 389-412, May.
  75. Scheubel, Beatrice & Herrala, Risto & Stracca, Livio, 2016. "What do we know about the global financial safety net? Data, rationale and possible evolution," VfS Annual Conference 2016 (Augsburg): Demographic Change 145676, Verein für Socialpolitik / German Economic Association.
  76. Gong Cheng & Dominika Miernik & Yisr Barnieh & Beomhee Han & Ika Mustika Sari & Faith Qiying Pang & Tigran Kostanyan & Alexander Efimov & Marie Houdart & Alexandra de Carvalho & Carlos Giraldo & Vivia, 2018. "IMF–RFA collaboration: motives, state of play, and way forward," Discussion Papers 4, European Stability Mechanism, revised 27 Oct 2021.
  77. Hao, Kaixuan & Han, Liyan & Li, (Tony) Wei, 2022. "The impact of China's currency swap lines on bilateral trade," International Review of Economics & Finance, Elsevier, vol. 81(C), pages 173-183.
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