January 2022: New Liberty Street Economics Blog Post – Do the Fed’s International Dollar Liquidity Facilities Affect Offshore Dollar Funding Markets and Credit?

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Liberty Street Economics features insight and analysis from New York Fed economists working at the intersection of research and policy.

This blog post discusses the contributions to financial and economic stability of dollar liquidity facilities implemented by the Federal Reserve.

At the outbreak of the pandemic, in March 2020, the Federal Reserve implemented a suite of facilities, including two associated with international dollar liquidity—the central bank swap lines and the Foreign International Monetary Authorities (FIMA) repo facility—to provide dollar liquidity.

Link: Do the Fed’s International Dollar Liquidity Facilities Affect Offshore Dollar Funding Markets and Credit?