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Crisis instrument central bank swaps

Sun, 16 Aug 2015 06:47:15 GMT

In a recent article, Perry Mehrling drew attention to the global network of central bank swaps: “In the last few weeks, the ECB has been drawing on its liquidity swap line with the Fed, first $308 million for a week, then $658 million for a week, and last week back down to $358 million. What’s […]

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