covered interest parity

Publication date: 29 Nov 2017 | Publication type: NIESR Discussion Paper | Authors: Moessner, R, Allen, B | External authors: Galati, G, Nelson, W | JEL classification: E52, E58, F31 | NIESR discussion paper number: 482
We study the use of US dollar central bank swap lines as a tool for addressing dislocations in the foreign currency swap market against the USD since the global financial crisis. We find that the use of the Federal Reserve’s USD central bank swap lines was mainly related to tensions in US money...