During the early days of the Global Financial Crisis in 2007, the European Central Bank (ECB) set up a swap agreement with Sveriges Riksbank to provide euro liquidity in the case of adverse developments and to support market functioning. Sweden’s central bank could borrow a maximum of EUR 10...

In response to the Global Financial Crisis (GFC), finance ministers of member countries of the South Asian Association for Regional Cooperation (SAARC) agreed in 2009 on the need for bilateral arrangements to tackle short-term credit contractions and financial market disruptions. In 2012, the...