Evolution of Bilateral Swap Lines /

This paper makes contributions to the study of bilateral swap lines (BSLs). First, this paper fills a BSL information gap by constructing a comprehensive database of BSLs based on publicly available information, including after the onset of the COVID-19 pandemic. Second, the paper provides the resul...

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Hlavní autor: Perks, Michael
Další autoři: Rao, Yudong, Shin, Jongsoon, Tokuoka, Kiichi
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 2021.
Edice:IMF Working Papers; Working Paper ; No. 2021/210
Témata:
On-line přístup:Full text available on IMF
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100 1 |a Perks, Michael. 
245 1 0 |a Evolution of Bilateral Swap Lines /  |c Michael Perks, Yudong Rao, Jongsoon Shin, Kiichi Tokuoka. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2021. 
300 |a 1 online resource (40 pages) 
490 1 |a IMF Working Papers 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper makes contributions to the study of bilateral swap lines (BSLs). First, this paper fills a BSL information gap by constructing a comprehensive database of BSLs based on publicly available information, including after the onset of the COVID-19 pandemic. Second, the paper provides the results of regression analysis exploring several empirical questions that were not covered in previous studies. The paper documents the evolution of BSLs into an important part of the Global Financial Safety Net (GFSN), with some helping to stabilize financial market during both the Global Financial Crisis (GFC) and the COVID-19 pandemic. Analysis suggests that countries on the recipient side of BSLs are more likely to sign and renew BSLs designed to alleviate balance of payments needs as their external position weakens. U.S. Federal Reserve BSLs appear to have been effective at stabilizing financial market conditions during the COVID-19 pandemic. 
538 |a Mode of access: Internet 
650 7 |a Bilateral swap lines (BSLs)  |2 imf 
650 7 |a COVID-19 Pandemic  |2 imf 
650 7 |a Global Financial Crisis (GFC)  |2 imf 
650 7 |a Global Financial Safety Net (GFSN)  |2 imf 
650 7 |a International Monetary Arrangements and Institutions  |2 imf 
700 1 |a Rao, Yudong. 
700 1 |a Shin, Jongsoon. 
700 1 |a Tokuoka, Kiichi. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2021/210 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2021/210/001.2021.issue-210-en.xml  |z IMF e-Library