Central bank liquidity swap

Definition:

Announced by the Federal Reserve on December 12, 2007, the Fed made temporary agreements with 14 central banks around the world to provide liquidity in U.S. dollars to overseas markets. The agreements terminated on Feb. 1, 2010.

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Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

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Tax loss carryback, carryforward

A tax benefit that allows business losses to be used to reduce tax liability in previous and or following years.

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