Transcripts of the monetary policymaking body of the Federal Reserve from 2002–2008.

I’m not an expert in that particular area. Certainly some of the stigma associated with the CAC will be taken away. One of the concerns that officials had worried about was that there would be some stigma associated with being first off the block with a CAC. With Mexico and Brazil having moved to include CACs, there may be less of a stigma so it may be easier to get them in. But I wouldn’t want to make a forecast that they will become a routine part of such contracts.

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