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US dollar swaps with central banks, expanded by the Fed last month, have historically fostered public confidence, study says

By Neil Roland
  • 03 Apr 2020 17:40
  • 03 Apr 2020 17:40
US dollar swaps by the Federal Reserve with other central banks, which the Fed expanded last month, have fostered market confidence in international cooperation since the 1960s, Bank for International Settlements researchers found.

The swaps also have offset seasonal fluctuations in dollar funding liquidity, the working paper this week said.

Finally, by enabling

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