| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 10488012 | Journal of Financial Stability | 2013 | 12 Pages |
Abstract
⺠The Fed's commercial paper facility prevented that market from fully melting down. ⺠It worked by preventing high liquidity premiums from depressing commercial paper. ⺠The commercial paper facility broadened the Fed's role as lender of last resort.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics, Econometrics and Finance (General)
Authors
John V. Duca,