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
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
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:
Robert Vienneau writes Austrian Capital Theory And Triple-Switching In The Corn-Tractor Model
Mike Norman writes The Accursed Tariffs — NeilW
Mike Norman writes IRS has agreed to share migrants’ tax information with ICE
Mike Norman writes Trump’s “Liberation Day”: Another PR Gag, or Global Reorientation Turning Point? — Simplicius
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