Dollar Illiquidity and Central Bank Swap Arrangements during the Global Financial Crisis
Published Date
Copyright 2012
DOI 10.1016/j.jinteco.2012.02.014
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Copy CitationAndrew K. Rose and Mark M. Spiegel, Global Financial Crisis (Journal of International Economics 88 (2), 2011), https://www.nber.org/books-and-chapters/global-financial-crisis/dollar-illiquidity-and-central-bank-swap-arrangements-during-global-financial-crisis.
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While the global financial crisis was centered in the United States, it led to a surprising appreciation in the dollar...