Arbeitspapier
Provision of liquidity through the primary credit facility during the financial crisis: a structural analysis
Over the course of the recent liquidity crisis, the Federal Reserve made several changes to its primary credit lending facility such as narrowing the spread between the primary credit rate and the target funds rate and increasing the term of the borrowing. In this paper, we use the model developed by Artuç and Demiralp (2008) to provide a structural assessment of the effectiveness of these changes. Our results suggest that these changes were effective in stabilizing the federal funds market.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 0912
- Klassifikation
-
Wirtschaft
Money and Interest Rates: General
Central Banks and Their Policies
- Thema
-
Discount Window
Primary Credit
Federal Funds Market
Finanzmarktkrise
Kreditrationierung
Gesamtwirtschaftliche Liquidität
Öffentliche Anleihe
Kreditpolitik
USA
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Artuç, Erhan
Demiralp, Selva
- Ereignis
-
Veröffentlichung
- (wer)
-
TÜSİAD-Koç University Economic Research Forum
- (wo)
-
Istanbul
- (wann)
-
2009
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Artuç, Erhan
- Demiralp, Selva
- TÜSİAD-Koç University Economic Research Forum
Entstanden
- 2009
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