Morelli, Pierluigi; Pittaluga, Giovanni; Seghezza, Elena - In: International Economics and Economic Policy 12 (2015) 1, pp. 93-106
During the 2007–2008 financial crisis several banking systems suffered shortages in U.S. dollars. The liquidity crisis of these banking systems was overcome thanks to the successful intervention of the Federal Reserve that granted swap lines to several central banks, acting as an international...