Journal Article
Is Dollar Dominance in Doubt?
Sablik, Timothy (2022-04)
The dollar has been the global currency of choice for nearly a century, but in light of recent U.S.-led financial sanctions, some wonder whether that status will endure.
Econ Focus , Issue 2Q , Pages 20-23

Newsletter
How Central Bank Swap Lines Affect the Leveraged Loan Market
McCrone, Annie; Schmidt-Eisenlohr, Tim; Niepmann, Friederike; Meisenzahl, Ralf R. (2020-09-01)
The cost of borrowing U.S. dollars through foreign exchange (FX) swap markets increased significantly at the beginning of the Covid-19 pandemic in February 2020, indicated by larger deviations from covered interest rate parity (CIP). CIP deviations narrowed again when the Federal Reserve expanded its swap lines to support U.S. dollar liquidity globally—by enhancing and extending its swap facility with foreign central banks and introducing the new temporary Foreign and International Monetary Authorities (FIMA) repurchase agreement facility for foreign and international monetary authorities. ...
Chicago Fed Letter , Issue 446 , Pages 7