The first Fed swap line network: created in 1960s to manage tensions within Bretton Woods system. Remarkable data from Catherine Schenck Per Jacobsson Lecture. Streamed here:
bis.org/events/per_jac… https://t.co/a0fP9A8f0a
"An abrupt end to gov policy support schemes would pose cliff-edge risks to the debt servicing capacity of euro area
November 25, 2020
"An abrupt end to gov policy support schemes would pose cliff-edge risks to the debt servicing capacity of euro area firms and households.” Knock-on effect