Swap arrangements among national central banks

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Reference no: EM13976408

a. enable central banks to convert debt into equity

b. exist only under conditions of clean floating or completely flexible exchange rates

c. enable central banks to exchange currencies temporarily with other central banks in order to support the values of their own currencies

d. enable central banks to exchange key officials with each other so they can more effectively achieve international economic policy coordination.

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Reference no: EM13976408

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