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• Fed takes fresh steps to battle credit crisis
The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Swiss National Bank and the central banks of Denmark, Norway, Australia and Sweden are involved in those swap arrangements. “We are experiencing a massive ...
• Fed plows $30 billion in foreign money markets
EDT — sets up temporary "swap" arrangements to supply dollars to the central banks of Australia, Denmark, Norway and Sweden in exchange for their currencies. "These facilities, like those already in place with other central banks, are designed to ...