An article observes: “The Federal Reserve announced that it would open currency swap lines—in essence, printing dollars and exchanging them for euros. . . .” Why would the Fed and the European Central Bank enter into such an agreement?
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An article observes: “The Federal Reserve announced that it would open currency swap lines—in essence, printing dollars and exchanging them for euros. . . .” Why would the Fed and the European Central Bank enter into such an agreement?