The Past, Present and Future of Federal Reserve Swap Lines (Part 1)

What Can the 2007-2008 Crisis Teach Us About Their Future Use?

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The universe of people who know and think about Central Bank Liquidity Swap Lines is small (for an introduction to swap lines, see my early piece here). This is unfortunate, as there are many issues — especially geopolitical issues — which need to be thought through in the context of swap lines. In t…

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