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What happens to the clearinghouses if there's a euro liquidity crisis and the ecb doesn't lend clearinghouses the needed euros? Couldn't the Bank of England k
by breatheoften 10y ago
What happens to the clearinghouses if there's a euro liquidity crisis and the ecb doesn't lend clearinghouses the needed euros?
Couldn't the Bank of England keep sufficient euro reserves to backstop the clearinghouses in a liquidity crisis?