Policy Responses to Dislocations in the FX Swap Market : The Experience of Korea

During the financial crisis, Korea responded to dislocations in the FX swap market by both drawing on its swap line with the Federal Reserve and using its own international reserves to provide dollars to domestic banks. We show that the Bank of Korea's use of the Fed swap line was very effective in alleviating dislocations in the won/dollar FX swap market, whereas the provision of funds using its own foreign reserves was not

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Year of publication:	2013
Authors:	Baba, Naohiko
Other Persons:	Shim, Ilhyock (contributor)
Publisher:	[2013]: [S.l.] : SSRN
Subject:	Südkorea \| South Korea \| Swap \| Finanzmarktregulierung \| Financial market regulation \| Devisenmarkt \| Foreign exchange market \| Handelsvolumen der Börse \| Trading volume

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Extent:	1 Online-Ressource (11 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: BIS Quarterly Review, June 2010 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments June 2010 erstellt
Classification:	G12 - Asset Pricing ; G13 - Contingent Pricing; Futures Pricing ; G18 - Government Policy and Regulation
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013094595