Frame, W. Scott; Hancock, Diana; Passmore, Wayne - Federal Reserve Board (Board of Governors of the … - 2007
: advances, government-sponsored enterprises, GSE, portfolio shocks, panel-VAR
*The views expressed do not necessarily reflect …
1. Introduction
Government-sponsored enterprises (GSEs) represent an unusual intervention by the
federal government …-backed securities issued by government sponsored enterprises.
15
In particular, the FHLB maintains a claim senior to depositors …