The magnitude of the effect that is produced on economic growth by an increase in the average educational level varies with the type of instruction that is promoted. The most effective are those that enhance the occupational mobility of workers and, above all, the spread of new ideas.
This facility, which is backstop-priced, is designed to enhance the provision of liquidity via the standing US dollar swap line arrangements between six major central banks. The take-up so far has been very limited, which is, of course, good news as banks can readily meet USD funding needs in the market. 3.