During the 2007-2009 financial crisis,the U.S.Federal Reserve Bank established "central bank liquidity swaps" with the European Central Bank (ECB)and other major central banks. This involved

Question

Quizplus · Accepted Answer

The U.S. Federal Reserve Bank established central bank liquidity swaps with the European Central Bank and other major central banks during the 2007-2009 financial crisis. These swaps involved the Fed exchanging US dollars for foreign currencies on a temporary basis, providing liquidity to foreign central banks facing funding shortages.

During the 2007-2009 Financial Crisis,the U