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The European Central Bank, the Bank of England, the U.S. Federal Reserve and the Swiss National Bank have, through their reciprocal currency agreements, have decided to provide further U.S. liquidity in a one week refi operation . The purpose of this operation is to address and ease funding pressures...
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The Federal Reserve announced several initiatives on Sunday, including " enhancements to its existing liquidity facilities ." In the Federal Reserve's press statement, Chairman Ben Bernanke said the steps will "mitigate the potential risks and disruptions to markets." The collateral...