US Central Bank Prepared To Respond To Changing Economic system
Even if you happen to understand the chapter of Lehman and the AIG “bail-out”, with the stock market down over 20{6b17707e448e34f54d6d1a9e433426abf2addbba8938cba1c35a09fc0ada7803}, folks need to know what to do with their money now. In a bid to purchase time, central financial institution Governor Riad Salameh started monetary engineering” operations to lure liquidity from abroad and preserve the foreign money peg with hovering interest rates. The complex swap operations saw an ever bigger proportion of economic bank deposits tied up on the central financial institution, which used them to fund a government struggling to handle the economic system. Systemic risks rose, development...
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