The cost of borrowing US dollars against euro in the FX swap markets also peaked at above 500 basis points at the height of uncertainty in late March 2020.
ECB report on Money Markets in 2020 confirms the scale of disruption in March.
ecb.europa.eu/pub/euromoneym… https://t.co/yBkj0QeU6u
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
May 18, 2023
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…