Sentences with phrase «swap lines»
"Swap lines" refers to agreements between central banks to exchange currencies with one another. It allows them to provide liquidity and stabilize their respective economies during times of financial stress or when there is a shortage of a particular currency in the market. Full definition
The funds were sent via swap lines for foreign central banks.
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The FOMC increases existing swap lines with foreign central banks.
Tags: ADP, BOE, BOJ, central banks, DAX, ECB, Equities, Fed, FX swap lines, Gold, Mark Carney, oil, Pound, QE, silver, U.S. Dollar, William Dudley Posted in BOE, BoJ, Central Banks, Currency, ECB, Fed, Gold, Oil, Silver 24 Comments»
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.
Jason - they gave me about 7K, but you can swap lines from Bank Of America to boost it up.
FX liquidity swap lines are in place.
«Yet even with the best of efforts, the dam might leak,» she said, supporting swap lines similar to the liquidity that the Fed agreed to provide during the global financial crisis to countries including South Korea and Brazil.
-- 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.
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.
PBOC creating Renminbi swap lines.
Ted's concern is that many people are swapping lines of credit for credit card debt and extending their terms, rather than paying down debt because today at least, debt is so affordable.
In the last week, the European Central Bank has been the only one to use the Fed's swap lines for foreign central banks.
«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.
Paul - Martin Foss, our good friend at the Carl Menger Center, wrote a very nice post a few days ago concerning how the Fed may be getting itself tangled - up in an impending Greek default, through its swap lines with the ECB.
Tags: Ackermann, BOE, BOJ, CDU, ECB, Ecofin, EFSF, FDP, Fed, G - 20, Geithner, Greens, IIF, IMF, Merkel, money, PIIGS, Pro-Euro labor, QE, SNB, SPD, swap lines, Twist Posted in ECB, Europe, Federal Reserve, FOMC, Germany 5 Comments»
(Benson, for example, borrows the famous parting exchange between Han Solo and Princess Leia in The Empire Strikes Back, allowing his main characters to swap the lines.)
In addition, the temporary reciprocal currency arrangements (swap lines) between the Federal Reserve and other central banks have been extended to February 1, 2010.