About: http://data.cimple.eu/news-article/af59383f3bf873acf0e774cd4e11a3b1fb497c2bb58aecc3a1ab03e5

Facets (new session)
Description
Metadata
Settings
- owl:sameAs
- Inference Rule:

About: http://data.cimple.eu/news-article/af59383f3bf873acf0e774cd4e11a3b1fb497c2bb58aecc3a1ab03e5 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

Attributes	Values
rdf:type	schema:NewsArticle
schema:articleBody	Amid the global cash crunch caused by the coronavirus pandemic, the US Federal Reserve on Thursday opened a facility to provide dollars to more central banks, including Brazil and Mexico. Emerging markets have been particularly hard hit by an outflow of funds during the crisis that has shut down huge swaths of the global economy. The Fed said the move aims to "lessen strains in global US dollar funding markets, thereby mitigating the effects of these strains on the supply of credit to households and businesses, both domestically and abroad." The Fed will provide up to $60 billion each to the central banks of Australia, Brazil, South Korea, Mexico, Singapore and Sweden, and $30 billion each to Denmark, Norway and New Zealand. The facility, known as swap lines, will be in place for at least six months, allowing foreign central banks to exchange domestic currency for US dollars. The Fed already has standing swap lines with the Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, and the Swiss National Bank. Robin Brooks, chief economist at the Institute for International Finance, has been calling for swap lines for emerging market economies that have faced a "sudden stop" of capital flows amid the uncertainty and the collapse of their currency's value. These factors traditionally have been associated with a 7-10 percent economic contraction. "The growth cost to (emerging markets) from what's going is unfortunately immense," he said, adding he predicted a slowdown in global growth to 1.2 percent with the US, eurozone and Japan in recession. hs/cs
schema:headline	US Fed opens liquidity facility for Brazil, Mexico, others
schema:mentions	European Central Bank Wind power by country Eurozone Federal Reserve Recession Denmark Currency South Korea Singapore Sweden United States dollar Norway England Canada Australia Mexico Pandemic Brazil Robin Brooks New Zealand women's national football team Swiss National Bank Market economy Emerging market Market liquidity Economy Economy of Japan
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-03-19 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	83 (xsd:integer)

Faceted Search & Find service v1.16.115 as of Oct 09 2023

Alternative Linked Data Documents: ODE Content Formats:

RDF

ODATA

Microdata

About

OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 5 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software