Arbeitspapier
The Primary and Secondary Corporate Credit facilities
The Federal Reserve introduced the Primary Market Corporate Credit Facility (PMCCF) and the Secondary Market Corporate Credit Facility (SMCCF) in response to the severe disruptions in corporate bond markets triggered by the COVID-19 pandemic and subsequent economic shutdowns. The Corporate Credit Facilities (CCFs) were designed to work together to restore functioning of credit markets, with an overarching goal of facilitating credit provision to the non-financial corporate sector of the U.S. economy. This paper provides an overview of the CCFs, including detailing the facilities' design, documenting their operations and usage, and describing their impact on corporate bond markets.
- Sprache
-
Englisch
- Erschienen in
-
Series: Staff Report ; No. 986
- Klassifikation
-
Wirtschaft
Asset Pricing; Trading Volume; Bond Interest Rates
General Financial Markets: Government Policy and Regulation
General Financial Markets: Other
- Thema
-
Federal Reserve
corporate bond markets
corporate credit facilities
PMCCF
SMCCF
Federal Reserve lending facilities
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Boyarchenko, Nina
Cox, Caren
Crump, Richard K.
Danzig, Andrew
Kovner, Anna
Shachar, Or
Steiner, Patrick
- Ereignis
-
Veröffentlichung
- (wer)
-
Federal Reserve Bank of New York
- (wo)
-
New York, NY
- (wann)
-
2021
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 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
- Boyarchenko, Nina
- Cox, Caren
- Crump, Richard K.
- Danzig, Andrew
- Kovner, Anna
- Shachar, Or
- Steiner, Patrick
- Federal Reserve Bank of New York
Entstanden
- 2021
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