The Federal Reserve, the Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank and the Swiss National Bank issued a statement last Sunday saying: In order to enhance the effectiveness of the US dollar swap arrangement in providing liquidity, the central banks currently providing US dollar swap operations have agreed to transfer 7 The frequency of day swap operations has been increased from weekly to daily. The move comes at a time when the turmoil between European and American banks continues to ferment. Can the efforts of policy makers effectively alleviate the panic in the market?
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The Federal Reserve and other six central banks will increase liquidity through the US dollar swap agreement. Will the market panic stop? |On the market
The Federal Reserve, the Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank and the Swiss National Bank issued a statement last Sunday saying: In order to enhance the effectiveness of the US dollar swap arrangement in providing liquidity, the central banks currently providing US dollar swap operations have agreed to transfer 7 The frequency of day swap operations has been increased from weekly to daily. The move comes at a time when the turmoil between European and American banks continues to ferment. Can the efforts of policy makers effectively alleviate the panic in the market?