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Global Interdependence Center, Philadelphia, PA. June 30, 2009
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Federal Reserve began to establish or expand Temporary Reciprocal Currency Arrangements with fourteen other central banks …. These central banks had the capacity to use the swap facilities to provide dollar liquidity to institutions in their …, suggests that the dollar swap lines among central banks were effective at reducing the dollar funding pressures abroad and the …
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Central banks analyze a wide range of data to obtain better measures of underlying inflationary pressures. Factor …
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sources of (potentially time-varying) credit spreads and to allow a role for the central bank's balance sheet in determining … prescriptions and to consider additional dimensions of central bank policy--variations in the size and composition of the central …
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. The supply of dollars by the Federal Reserve to foreign central banks via reciprocal currency arrangements (swap lines … capital and partly to heightened counterparty credit risk. Central bank interventions helped reduce the funding liquidity risk …
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Remarks at the IIF Annual Meeting of Latin America Chief Executives, Santiago, Chile.
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