2008 swap line advances as a % of GDP


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Swap lines as % of GDP by CB, year end 2008 (a bit dated now in Feb but anyway FYI).

Swap lines as % of GDP

BANK %S
ECB (16) 2.42%
Swiss 5.11%
BOE 1.07%
BOJ 2.53%
Aussie 2.13%
Sweden 4.87%
Denmark 4.06%
Norway 1.71%
Korea 1.09%

Resp,

Source Federal Reserve Statistical Summary:
“At end-December 2008 swaps outstanding were $553.728 billion: $291.352 billion with the European Central Bank, $25.175 billion with the Swiss National Bank, $33.08 billion with the Bank of England, $122.716 billion with the Bank of Japan, $22.830 billion with the Reserve Bank of Australia, $25 billion with the Bank of Sweden, $15 billion with the National Bank of Denmark, $8.225 billion with the Bank of Norway and $10.350 with the Bank of Korea.”


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