Fed bilateral swap lines developed in 1960s to manage Bretton Woods exchange rate pressure and $ funding pressures rose in

Fed bilateral swap lines developed in 1960s to manage Bretton Woods exchange rate pressure and $ funding pressures rose in scale to match those in first phase of Fed intervention 2007-8. Remarkable charts from Catherine Schenk’s BIS lecture streaming here.
bis.org/events/per_jac… https://t.co/Yj0IEJAmPM

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