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American Economic Review: Vol. 99 No. 2 (May 2009)

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

Article Citation

Obstfeld, Maurice, Jay C. Shambaugh, and Alan M. Taylor. 2009. "Financial Instability, Reserves, and Central Bank Swap Lines in the Panic of 2008." American Economic Review, 99(2): 480-86.

DOI: 10.1257/aer.99.2.480

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Link to Appendix (27.23 KB)

Authors

Obstfeld, Maurice (U CA, Berkeley)
Shambaugh, Jay C. (Dartmouth College)
Taylor, Alan M. (U CA, Davis)

JEL Classifications

E44: Financial Markets and the Macroeconomy
E58: Central Banks and Their Policies
F31: Foreign Exchange
G20: Financial Institutions and Services: General


American Economic Review


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