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The Effectiveness of Central Bank Interventions During the First Phase of the Subprime Crisis.
This paper provides evidence that central bank interventions had a statistically significant impact on easing stress in unsecured interbank markets during the first phase of the subprime crisis which began in July 2007. Extraordinary liquidity provisions, such as the Term Auction Facility by the Fed...
| Cote: | Libro Electrónico |
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| Auteur principal: | |
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| Format: | Électronique eBook |
| Langue: | Inglés |
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Washington :
International Monetary Fund,
2009.
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| Collection: | IMF Working Papers.
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| Accès en ligne: | Texto completo |