Columbia International Affairs Online: Working Papers

CIAO DATE: 04/2015

The Global Liquidity Safety Net: Institutional Cooperation on Precautionary Facilities and Central Bank Swaps

C. Randall Henning

March 2015

Centre for International Governance Innovation

Abstract

A country’s qualification for the IMF’s Flexible Credit Line should open access to the precautionary facilities of regional financial arrangements and to central bank swaps.