Following a scarcity of dollar funding available internationally to banks and financial institutions, in December 2007 … banks. These central banks had the capacity to use these swap facilities to provide dollar liquidity to institutions in … their jurisdictions. This paper presents the developments in the dollar swap facilities through the end of 2009. The …

status of these roles. The U.S. dollar continues to be the dominant currency across various uses. Yet, such a role may change … over time. If this occurs, there could be consequences for seignorage returns, U.S. funding costs, the dollar's value, U …

Facility. We provide new evidence on how the central bank swap lines and FIMA Repo Facility can reduce strains in global dollar … funding markets and U.S. Treasury markets during extreme stress events. These facilities are found to reduce strains in dollar …

type and to base currency (i.e., Deutschemark versus US dollar). We appeal to an econometric interpretation of the results … US-Dollar). Die Autoren neigen zu einer ökonometrischen Interpretation der Ergebnisse, die das Vorhandensein von …