Sentences with phrase «bank swap lines»

During the crisis, the global community came together to address weaknesses in the international monetary system: creating the Financial Stability Board and European Stability Mechanism, strengthening central bank swap lines, and carving out a more prominent role for the G - 20.

Not exact matches

In response, the Fed reduced the federal funds rate to essentially zero by mid-December, instituted swap lines to provide dollar liquidity to foreign central banks, added new liquidity facilities to target specific sectors of the shadow banking system and began to expand its balance sheet through asset purchases.

Immediate credit challenges include potential draws on liquidity associated with rating triggers embedded in the city's letters of credit (LOCs), standby bond purchase agreement (SBPA), lines of credit, direct bank loans, and swaps [Oops — banks can and should pull the plug].

«Swap lines — along the lines provided by major central banks early in the crisis — can help,» and the IMF stands «ready to provide policy advice and financial support,» she said.

In the last week, the European Central Bank has been the only one to use the Fed's swap lines for foreign central banks.

-- For now, the press is reporting that central banks are mulling dollar supply via bilateral swap lines in the case of a liquidity squeeze upon a «no» vote.

The funds were sent via swap lines for foreign central banks.

Apart from dollar swap lines (which the Fed is likely to reopen to Europe in efforts to reduce banking strains there), more QE is all the Fed can hope to offer.

In addition, the temporary reciprocal currency arrangements (swap lines) between the Federal Reserve and other central banks have been extended to February 1, 2010.

The FOMC increases existing swap lines with foreign central banks.

Jason - they gave me about 7K, but you can swap lines from Bank Of America to boost it up.