Central bank swaps then and now: swaps and dollar liquidity in the 1960s
This paper explores the record of central bank swaps to draw out four themes. First, this recent device of central bank cooperation had a sustained pre-history from 1962-1998, surviving the transition from fixed to floating exchange rates. Second, Federal Reserve swap facilities have generally forme...
| Main Authors: | , |
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| Format: | Working paper |
| Language: | English |
| Published: |
Bank for International Settlements
2020
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