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The Fed’s Swap Lines During the Crisis: Lender of Last Resort on a Global Scale

A decade after the worst of the Global Financial Crisis, Nathan Sheets, PhD, former director of the Division of International Finance for the Federal Reserve Board, looks back at the instability of the global financial system and details the role of the Federal Reserve as the international lender of last ...

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PGIM Fixed Income

The Fed’s Swap Lines During the Crisis: Lender of Last Resort on a Global Scale

This is premium content

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PGIM Fixed Income

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