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Financial Instability, Reserves, and Central Bank Swap Lines in the Panic of 2008

Maurice Obstfeld, Jay C. Shambaugh, Alan M. Taylor

American Economic Review · 2009 · Volume 99 · Issue 2

DOI: 10.1257/aer.99.2.480

Keywords

Financial Markets and the Macroeconomy, Central Banks and Their Policies, Foreign Exchange, Financial Institutions and Services: General

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