This article shows that with global banks and integrated financial markets, but domestic central banks, then lending of last resort can be achieved …

Apr 12, 2025 · Swap lines, often referred to as liquidity swap arrangements, are a financial tool used by central banks to provide liquidity in foreign currency to financial institutions. These arrangements …

Mar 19, 2023 · The network of swap lines among these central banks is a set of available standing facilities and serve as an important liquidity backstop to ease strains in global funding markets, …

The governor of the Reserve Bank of India on Sunday called on major central banks to extend their network of currency swap lines deep into emerging markets, saying a type of “virtual apartheid” in the …

Jul 20, 2025 · What Are Dollar Swap Lines? Dollar swap lines are agreements between the Federal Reserve and foreign central banks designed to address liquidity challenges. Here’s how they work:

Dec 14, 2020 · Central banks drew heavily on US dollar swap lines with the Federal Reserve in the first half of 2020, contributing to a surge in cross-border banking flows during this period.

Central Bank Swap Lines Abstract Swap lines between advanced-economy central banks are a new important part of the global financial architecture. This paper analyses their monetary policy effects …

Mar 31, 2023 · A currency swap line is an agreement between two central banks to exchange currencies. This allows a central bank to obtain foreign currency liquidity from the central bank that …

Swap lines between advanced-economy central banks are a new important part of the global financial architecture. This paper analyses their monetary policy effects from three perspectives. First, from …