Special Lending Facilities of the Fed : Actions and Results

In this paper, we examined monetary policy from August 2007, when the Fed engaged in its first unconventional action, through December 2009, when most of the Fed's special lending facilities became inactive. However, the monetary base remained in excess of $2 trillion which was more than double its size when these lending facilities began. Two things are very clear. The quantity of the Fed's assets has increased, and the quality has decreased

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Year of publication:	2012
Authors:	Gilbert, Ronald D.
Other Persons:	Ginn, Vance (contributor)
Publisher:	[2012]: [S.l.] : SSRN
Subject:	Geldpolitik \| Monetary policy \| Zentralbank \| Central bank \| Kreditgeschäft \| Bank lending

Extent:	1 Online-Ressource (23 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Midwestern Business and Economic Review, 46: 35-41, Fall 2010 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments August 16, 2012 erstellt
Classification:	E52 - Monetary Policy (Targets, Instruments, and Effects) ; E58 - Central Banks and Their Policies ; E43 - Determination of Interest Rates; Term Structure Interest Rates
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013101881