Fed swap lines finally getting attention

[Skip to the end] Europe’s Growing Crisis Puts the Fed at Risk by Jack Willoughby Jan 31 (Barrons) — European central banks are at risk of defaulting on their currency swaps with the U.S. Federal Reserve, unless major banks on the Continent can find some way to stabilize their deteriorating balance sheets. TO AID THEIR […]

Korea using Fed swap lines (cont.)

[Skip to the end] Got some new players as well! Bank of Korea to Supply $3 Billion to Local Banks Jan 19 (Korea Times) — South Korea’s central bank said Monday it will provide $3 billion to local banks suffering from a dollar liquidity crunch in the wake of the U.S.-sparked global financial turmoil, Yonhap […]