In this paper we discuss the main innovation in central bank cooperation during the financial crisis of 2008-09, namely the emergency provision of international liquidity through the establishment of bilateral central bank swap facilities, which have evolved to form interconnected swap networks....

<italic>Critical researchers in anthropology, politics, and history have profited from the spatial turn, or the idea that spaces produced through practices and perceptions influence observable social action, in showing how people at borders derive specific economic and social benefits from their unique...</italic>

The financial crisis that began in August 2007 has blurred the sharp distinction between monetary and financial stability. It has also led to a revival of practical central bank co-operation. This paper explains how things have changed. The main innovation in central bank cooperation during this...