The development that the United States will be forced to provide dollar liquidity to the United Arab Emirates and other Persian Gulf states affected by the closure of the Strait of Hormuz will be very bad news for the “petrodollar”. The Federal Reserve (Fed) has used swap lines with foreign central banks as a key …
Tag: liquidity
The Resilience Of The Philippine Economy
The Philippine economy has so far shown a high degree of resilience to the economic crisis that has hit the planet, both in developed economies and in the economies of developing countries due to the Covid-19 pandemic. The stability of the Philippine currency against the $USD shows its due to the truth as to the …
How the US and the World’s Countries will avoid the Economic Armageddon caused by the Lockdown of Coronavirus Pandemic
The terrifying economic downturn that the developed economies of the world are gradually facing, especially that of the US, due to the Covid-19 (Coronavirus) pandemic is much worse than the global financial crisis of 2008 caused by the collapse of the US investment bank Lehman Brothers Holdings Inc. This is because the current crisis is …