Financial Instability, Reserves, and Central Bank Swap Lines in the Panic of 2008

2009

254 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/c366a7072bdfdc7672e057fb1b3831a70d01d9b0

Citations in the corpus

• A Legal Theory of Finance (2013, unknown): “The solution was for Central Banks to act as each other’s go between in supplying the relevant FX to domestic parties (Obstfeld, Shambaugh, and Taylor 2009).”
• The US Dollar Shortage in Global Banking and the International Policy Response (2009, unknown): “By contrast, central banks cannot create foreign currencies; their ability to meet banks’ demand for foreign currencies is constrained by the exchange rate regime or limited to available FX reserves (Chang and Velasco (2000, 2001), Obstfeld et al (2009)).”
• Can Leading Indicators Assess Country Vulnerability? Evidence from the 2008-09 Global Financial Crisis (2012, unknown): “Obstfeld et al. (2009, 2010) were among the first.”
• The Great Retrenchment: International Capital Flows During the Global Financial Crisis (2011, unknown): “Obstfeld et al. (2009) fined evidence that countries with large reserves faced less exchange rate pressure.”