Editor's Note: This article is part of a series monitoring financial sector spreads in order to give an accurate up-to-date picture of the credit crisis. See the previous part here.Are the various central bank liquidity facilities and capital injections having the desired effect of unclogging credit markets and restoring confidence in the world’s financial system? This is precisely what the "Credit Crisis Watch" is all about – a regular review of a number of measures in order to ascertain to what extent the thawing of credit markets is under way. Updating the report at this time is also to ...