Why Swap Lines Are in the U.S. National Interest

Protecting the U.S. Economy from Strains Abroad—Why Swap Lines Are in the U.S. National Interest We live in a global economy. Interconnected world markets mean that at times of stress, market pressures can spread from one part of the world to another, threatening the supply of credit. Currency swap lines with other central banks help relieve that stress. For more information on central bank liquidity swaps: http://www.newyorkfed.org/markets/liquidity_swap.html

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