| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 967492 | Journal of Monetary Economics | 2011 | 14 Pages |
Abstract
⺠The Federal Reserve launched the Term Asset-Backed Securities Loan Facility in 2009. ⺠The facility appeared to narrow spreads in the markets for asset-backed securities. ⺠The facility did not appear to subsidize or certify individual securities. ⺠The program tended to screen out the riskiest securities.
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Economics and Econometrics
Authors
Sean Campbell, Daniel Covitz, William Nelson, Karen Pence,