Moessner, Richhild; Allen, William A. - In: Journal of International Money and Finance 35 (2013) C, pp. 167-178
The Federal Reserve re-established a swap line with the European Central Bank in response to the international liquidity stresses created by the euro area sovereign debt crisis. We examine the swap line's effectiveness in addressing these stresses in 2010–11. We find that announcements about...
