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Exact(36)
It argues that Spain is suffering a temporary liquidity problem.
And GE Capital has also availed itself mightily of the government's Temporary Liquidity Guarantee Program.
Carmen M. Reinhart: At first, the E.C.B. mistook a chronic solvency problem for a temporary liquidity challenge.
In addition, the temporary liquidity swap arrangements between the Federal Reserve and other central banks will expire on Feb. 1.
He says he made the purchase to provide the previous owner, the brother of a friend, with temporary liquidity.
The company is not insolvent, but it has "a temporary liquidity shortage," according to a report by Reuters.
Similar(21)
"We haven't yet seen the swap lines employed yet," he added, referring to the decision of the U.S. Federal Reserve, the European Central Bank and other central banks to re-establish temporary dollar liquidity swap facilities.
He said that the swap lines announced by the Federal Reserve, the European Central Bank and other central banks to re-establish temporary dollar liquidity swap facilities had not been employed yet.
They lowered the pricing on the existing temporary US dollar liquidity swap arrangements by 50bps.
The Fed in 1931 stuck to the principle that it should only lend to institutions facing a temporary shortage of liquidity and that propping up insolvent banks would be throwing good money after bad.
In addition, the fund wants to provide crisis insurance to large emerging economies suffering a temporary loss of liquidity but with basically sound policies.Rather than negotiate a loan once a country is already in dire straits, the IMF would offer a contingent line of credit.
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