Aizenman, Joshua; Itō, Hiro; Pasricha, Gurnain Kaur - National Bureau of Economic Research - 2021
) implemented measures to provide US dollar liquidity by reinforcing swap arrangements with five major central banks, reactivating … in March 2020. This paper assesses motivations for the Fed liquidity lines, and the effects and spillovers of US dollar … against the US dollar, improved CDS spreads, and lowered the long-term interest rates of the recipient economies. Further, US …