Tulpen
09-18-08, 09:27 PM
From yesterday:
"The US Federal Reserve authorized the introduction of 180 billion dollars in cash on the financial markets, within a common move of the world's central banks, Fed Reserve informs in a press release on Thursday. Fed also announced signing swap lines agreements with the European Central Bank, the Bank of England, the Bank of Japan and the Canadian Central Bank. "
So who gets that money, for how long, against what interest rate, and against what collateral? Second what do swap lines between central banks establish?
"The US Federal Reserve authorized the introduction of 180 billion dollars in cash on the financial markets, within a common move of the world's central banks, Fed Reserve informs in a press release on Thursday. Fed also announced signing swap lines agreements with the European Central Bank, the Bank of England, the Bank of Japan and the Canadian Central Bank. "
So who gets that money, for how long, against what interest rate, and against what collateral? Second what do swap lines between central banks establish?