by Summary:
People read much into the implications of currency swaps that is not there. Much ado about nothing. Brian explains why in terms that are simple to understand.Why swaps?You either have capital controls, or you have central banks acting as swap dealers of the last resort, or you have periodic meltdowns of the currency system. Pick your poison.Bond Economics Currency Swap Facility CommentBrian Romanchuk
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People read much into the implications of currency swaps that is not there. Much ado about nothing. Brian explains why in terms that are simple to understand.People read much into the implications of currency swaps that is not there. Much ado about nothing. Brian explains why in terms that are simple to understand.Why swaps?You either have capital controls, or you have central banks acting as swap dealers of the last resort, or you have periodic meltdowns of the currency system. Pick your poison.Bond Economics Currency Swap Facility CommentBrian Romanchuk
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
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Why swaps?
Currency Swap Facility Comment
Brian Romanchuk
You either have capital controls, or you have central banks acting as swap dealers of the last resort, or you have periodic meltdowns of the currency system. Pick your poison.Bond Economics
Currency Swap Facility Comment
Brian Romanchuk