Christensen, Jens H. E.; Lopez, Jose A.; Rudebusch, Glenn D. - In: Journal of Business & Economic Statistics 32 (2014) 1, pp. 136-151
In response to the global financial crisis that started in August 2007, central banks provided extraordinary amounts of liquidity to the financial system. To investigate the effect of central bank liquidity facilities on term interbank lending rates near the start of the crisis, we estimate a...