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Linh Lý
27/04/20 02:02:43

What happened next never made the newspapers. According to the latest version of a
working paper by three Fed staff economists, published in July, the European bank
branches in the U.S. appealed to their home offices for funds to replace what they’d lost,
but they didn’t get all they needed. They were forced to cut back lending in the U.S. by
about $20 billion, the working paper said. That’s not a lot in an almost $16 trillion U.S.
economy, but to the Fed it was a taste of... What happened next never made the newspapers. According to the latest version of a
working paper by three Fed staff economists, published in July, the European bank
branches in the U.S. appealed to their home offices for funds to replace what they’d lost,
but they didn’t get all they needed. They were forced to cut back lending in the U.S. by
about $20 billion, the working paper said. That’s not a lot in an almost $16 trillion U.S.
economy, but to the Fed it was a taste of what might happen in a more serious funding
squeeze.
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