Central Banks Try To Boost Liquidity As Money Market Melts Down
Posted on September 19, 2008 at 09:30 AM EDT
Central banks yesterday (Thursday) launched a coordinated effort to flood global money markets with U.S. dollars in hopes of easing strained financial systems in danger of freezing up entirely. However, many analysts see this as only a short-term solution that will lower overnight lending rates but fail to assist financial institutions with longer-term cash needs. In [...]
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