The Main Trends in the International Effort to Strengthen Global Liquidity after the Financial Crisis of 2008/2009
Significant international attention has been directed to the most pressing problem of the financial crisis of 2008/2009 – global liquidity shortages. The use of adequate foreign exchange reserves during the crisis helped alleviate pressures. However, this was only partially effective in a number of...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Institute of International Relations Prague
2011-06-01
|
| Series: | Czech Journal of International Relations |
| Subjects: | |
| Online Access: | https://cjir.iir.cz/index.php/cjir/article/view/395 |
| _version_ | 1828059175282802688 |
|---|---|
| author | Petr Sedláček |
| author_facet | Petr Sedláček |
| author_sort | Petr Sedláček |
| collection | DOAJ |
| description |
Significant international attention has been directed to the most pressing
problem of the financial crisis of 2008/2009 – global liquidity shortages. The
use of adequate foreign exchange reserves during the crisis helped
alleviate pressures. However, this was only partially effective in a number of
important cases. Some countries also needed to rely on external official
financing. The aim of this article is to compare and analyse the main
sources of official global liquidity - foreign exchange reserves, bilateral
swap lines of central banks, regional financial arrangements and IMF
resources. To reach effective outcomes in relation to the accumulation of FX
reserves and a strengthening of the global financial safety nets, effective
international coordination will be necessary.
|
| first_indexed | 2024-04-10T21:38:45Z |
| format | Article |
| id | doaj.art-026de10cf5f345eeb3935a24b9b7a4c9 |
| institution | Directory Open Access Journal |
| issn | 0323-1844 2570-9429 |
| language | English |
| last_indexed | 2024-04-10T21:38:45Z |
| publishDate | 2011-06-01 |
| publisher | Institute of International Relations Prague |
| record_format | Article |
| series | Czech Journal of International Relations |
| spelling | doaj.art-026de10cf5f345eeb3935a24b9b7a4c92023-01-19T07:03:17ZengInstitute of International Relations PragueCzech Journal of International Relations0323-18442570-94292011-06-01462The Main Trends in the International Effort to Strengthen Global Liquidity after the Financial Crisis of 2008/2009Petr Sedláček Significant international attention has been directed to the most pressing problem of the financial crisis of 2008/2009 – global liquidity shortages. The use of adequate foreign exchange reserves during the crisis helped alleviate pressures. However, this was only partially effective in a number of important cases. Some countries also needed to rely on external official financing. The aim of this article is to compare and analyse the main sources of official global liquidity - foreign exchange reserves, bilateral swap lines of central banks, regional financial arrangements and IMF resources. To reach effective outcomes in relation to the accumulation of FX reserves and a strengthening of the global financial safety nets, effective international coordination will be necessary. https://cjir.iir.cz/index.php/cjir/article/view/395Global financial safety netsbilateral swap linesthe IMF lendingforeign exchange reservesregional financial arrangementsG-20 |
| spellingShingle | Petr Sedláček The Main Trends in the International Effort to Strengthen Global Liquidity after the Financial Crisis of 2008/2009 Czech Journal of International Relations Global financial safety nets bilateral swap lines the IMF lending foreign exchange reserves regional financial arrangements G-20 |
| title | The Main Trends in the International Effort to Strengthen Global Liquidity after the Financial Crisis of 2008/2009 |
| title_full | The Main Trends in the International Effort to Strengthen Global Liquidity after the Financial Crisis of 2008/2009 |
| title_fullStr | The Main Trends in the International Effort to Strengthen Global Liquidity after the Financial Crisis of 2008/2009 |
| title_full_unstemmed | The Main Trends in the International Effort to Strengthen Global Liquidity after the Financial Crisis of 2008/2009 |
| title_short | The Main Trends in the International Effort to Strengthen Global Liquidity after the Financial Crisis of 2008/2009 |
| title_sort | main trends in the international effort to strengthen global liquidity after the financial crisis of 2008 2009 |
| topic | Global financial safety nets bilateral swap lines the IMF lending foreign exchange reserves regional financial arrangements G-20 |
| url | https://cjir.iir.cz/index.php/cjir/article/view/395 |
| work_keys_str_mv | AT petrsedlacek themaintrendsintheinternationalefforttostrengthengloballiquidityafterthefinancialcrisisof20082009 AT petrsedlacek maintrendsintheinternationalefforttostrengthengloballiquidityafterthefinancialcrisisof20082009 |