Dlr swap seen as more than a confidence measure

UK - In another move to ensure market liquidity, central banks Thursday established swap facilities to alleviate the tight dollar market in Europe - a move welcomed by the financial industry.

The European Central Bank said that it had set up a $50 billion one-month swap facility with the Federal Reserve, while Swedish and Danish central banks also established short-term swap facilities, to meet increased dollar demands while the U.S. financial sector recovers from Tuesday's terrorist attacks in

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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