Governments agree to make currency-swap lines permanent

11/1/2013 | Guardian (London), The · Bloomberg

Currency-swap lines created during the financial crisis among the central banks of the EU, the U.K., the U.S., Canada, Japan and Switzerland will become permanent to protect against additional turmoil. "It's a very sensible maneuver," said Julian Callow, Barclays' chief international economist. "Since the financial crisis, it's clear that central banks are coordinating much more closely. This makes permanent something that was born as an emergency reaction to that crisis."

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Guardian (London), The · Bloomberg

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