Boyarchenko, Nina; Cox, Caren; Crump, Richard K.; … - 2021
The Federal Reserve introduced the Primary Market Corporate Credit Facility (PMCCF) and the Secondary Market Corporate … and subsequent economic shutdowns. The Corporate Credit Facilities (CCFs) were designed to work together to restore … Credit Facility (SMCCF) in response to the severe disruptions in corporate bond markets triggered by the COVID-19 pandemic …