2020 the Federal Reserve eased the terms on its standing swap lines in collaboration with other central banks, reactivated … temporary swap agreements, and then introduced the new Foreign and International Monetary Authorities (FIMA) repo facility … span of effects. This article provides key details on these facilities and evidence that the central bank swap lines and …

Reserve eased the terms on its standing swap lines in collaboration with other central banks, reactivated temporary swap …

general shape of the implied volatility function of the corresponding currency pair. Overall, we conclude that there is a …

overnight index swap (OIS) rates to forecast the path of future monetary policy. We first document no significant risk premium … embedded in swap rates for maturities up to one year, which enables them to be unbiased predictors of future OIS underlying …

the impacts of the social and economic measures taken during COVID-19 on the volatility of sovereign credit default swaps …