The Federal Reserve’s dollar swap lines and the European Central Bank in the 2007–2009 crisis
Mardi | 2018-10-23 Salle des thèses 17h – 18h20 Laurent LE MAUX – Emmanuel CARRé Although the literature has analyzed the role of the Federal Reserve as the global lender of last resort in 2007-2009, many aspects of the Dollar Swap Lines to the European Central Bank need further exploration. Using data from both central banks and transcripts of the Federal Open Market Committee’s meetings, we provide original evidence about alloted amounts and interest rates on dollar provision by the […]