The latest paper in the Federal Reserve Bank of New York Central Bank Economic Policy Review is "Dollar Swap Lines and Overseas Dollar Funding Costs."
Authors Linda Goldberg, Craig Kennedy, and Jason Miu describe the events leading up to the introduction of the dollar swap lines, discuss changes to the facilities as funding conditions evolved and consider the facilities’ effects on market activity.
For details and the complete report, visit www.newyorkfed.org/.
