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Before the global financial crisis, the assistance of a lender of last resort was traditionally thought to be limited to commercial banks. During the crisis, however, the Federal Reserve created a number of facilities to support brokers and dealers, money market mutual funds, the commercial...
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wrote in 1987 on "securitization"), he consistently held an endogenous money view. I'll refer briefly to that published work â€¦
Persistent link: https://www.econbiz.de/10011141199