Central banks acted last month to increase liquidity in the money markets, as the US subprime meltdown continued to have knock-on effects around the world. However, dealers and analysts are mixed over the effectiveness of the interventions, with some calling for the central banks to do more.
On August 9, the European Central Bank (ECB) announced it would make EUR94.8 billion of liquidity available to the money markets through short-term loans. Over the following two weeks, central banks aroun
The week on Risk.net, November 17–24, 2017Receive this by email