Fed foreign currency swap lines
April 13, 2009 at 09:37 AM EDT
[Skip to the end] (IF ANYONE HAS BUITER’S EMAIL ADDRESS KINDLY FORWARD THIS, THANKS) The question is, why has the Fed entered into new swap lines to be able to borrow foreign currency from several CBs who already have Fed dollar lines? Several possibilities not mutually exclusive: They may have agreed on some kind of international currency stability scheme [...]
