Financial Services Financial Services

US dollar swaps with central banks, expanded by the Fed last month, have historically fostered public confidence, study says

By Neil Roland
  • 03 Apr 2020 17:40
  • 03 Apr 2020 17:40
US dollar swaps by the Federal Reserve with other central banks, which the Fed expanded last month, have fostered market confidence in international cooperation since the 1960s, Bank for International Settlements researchers found.
The swaps also have offset seasonal fluctuations in dollar funding liquidity, the working paper this week said.

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Neil Roland

Senior Correspondent

Neil has covered U.S. financial regulation for over two decades, mostly for Bloomberg and Crain Communications. He received a Loeb award for coverage of regulators' response to the collapse of Enron. He also garnered a SABEW award and some Jesse H. Neal awards for stories on the Federal Reserve's response to the 2008 financial crisis. Roland has appeared as a commentator on Fox TV, NPR, C-Span and Bloomberg TV. He received a Master's degree in public policy from Harvard and a Bachelors degree in economics from Cornell.

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