Arbeitspapier
The Commercial Paper Funding Facility
The Federal Reserve reestablished the Commercial Paper Funding Facility (CPFF 2020) in response to the disruptions in the commercial paper market triggered by the COVID-19 pandemic and subsequent economic shutdowns. The CPFF 2020 was designed to support market functioning and provide a liquidity backstop for the commercial paper market. This paper provides an overview of the CPFF 2020, including detailing the facility's design, documenting its usage, and describing its impact on commercial paper markets. In addition, we compare the market conditions and facility design in CPFF 2020 to that of the original CPFF facility.
- Language
-
Englisch
- Bibliographic citation
-
Series: Staff Report ; No. 982
- Classification
-
Wirtschaft
Asset Pricing; Trading Volume; Bond Interest Rates
General Financial Markets: Government Policy and Regulation
General Financial Markets: Other
- Subject
-
Federal Reserve
commercial paper market
CPFF
Federal Reserve lending facilities
- Event
-
Geistige Schöpfung
- (who)
-
Boyarchenko, Nina
Crump, Richard K.
Kovner, Anna
Leonard, Deborah
- Event
-
Veröffentlichung
- (who)
-
Federal Reserve Bank of New York
- (where)
-
New York, NY
- (when)
-
2021
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Boyarchenko, Nina
- Crump, Richard K.
- Kovner, Anna
- Leonard, Deborah
- Federal Reserve Bank of New York
Time of origin
- 2021
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