How currency swap agreements are used to confront financial crises ...Egypt

Currency swap agreements have recently become an alternative method to confront financial crises, according to a research paper prepared by former Central Bank of Egypt Governor and professor of economics, Mahmoud Aboul Oyoun. He explained that crises such as the 1997 East Asian financial crisis, the 2008 global financial crisis, the coronavirus pandemic, and the Ukraine war have taught the world that the traditional financial safety network based on Central Bank reserves or the International Monetary Fund‘s financing are not sufficient to confront issues such as liquidity crises, foreign currency shortages, and bilateral or global trade disruptions. Currency swap agreements, whether bilat

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Last updated : 17 October 2023 clock 02:28 PM

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How currency swap agreements are used to confront financial crises ...Egypt

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