Motivated by the unprecedented rise of swap agreements between the central banks of developed economies and their … developing economy counterparts, this paper evaluates Asian swap arrangements and their association with the build-up of foreign … substitute for reserves. Furthermore, the selectivity of the swap lines indicates that only countries with significant trade and …

Motivated by the unprecedented rise of swap agreements between the central banks of developed economies and their … developing economy counterparts, this paper evaluates Asian swap arrangements and their association with the build-up of foreign … substitute for reserves. Furthermore, the selectivity of the swap lines indicates that only countries with significant trade and …

has been associated with an unprecedented rise of swap agreements between central banks of larger economies and their … counterparts in smaller economies. We explore whether such swap lines can reduce the need for reserve accumulation. The evidence … suggests that there is only a limited scope for swaps to substitute for reserves. The selectivity of the swap lines indicates …

has been associated with an unprecedented rise of swap agreements between central banks of larger economies and their … counterparts in smaller economies. We explore whether such swap lines can reduce the need for reserve accumulation. The evidence … suggests that there is only a limited scope for swaps to substitute for reserves. The selectivity of the swap lines indicates …

has been associated with an unprecedented rise of swap agreements between central banks of larger economies and their … counterparts in smaller economies. We explore whether such swap lines can reduce the need for reserve accumulation. The evidence … suggests that there is only a limited scope for swaps to substitute for reserves. The selectivity of the swap lines indicates …

In March 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. We provide new evidence on how the central bank swap lines and FIMA Repo Facility can reduce strains in global dollar …