The Federal Reserve's Term Auction Facility

As liquidity conditions in the term funding markets grew increasingly strained in late 2007, the Federal Reserve began making funds available directly to banks through a new tool, the Term Auction Facility (TAF). The TAF provides term funding on a collateralized basis, at interest rates and amounts set by auction. The facility is designed to improve liquidity by making it easier for sound institutions to borrow when the markets are not operating efficiently

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Year of publication:	[2008]
Authors:	Armantier, Olivier
Other Persons:	Krieger, Sandy (contributor) ; McAndrews, James (contributor)
Publisher:	[2008]: [S.l.] : SSRN

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Extent:	1 Online-Ressource (11 p)
Type of publication:	Book / Working Paper
Notes:	In: Current Issues in Economics and Finance, Vol. 14, No. 5, July 2008 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments July 2008 erstellt
Classification:	E50 - Monetary Policy, Central Banking and the Supply of Money and Credit. General ; E58 - Central Banks and Their Policies ; E59 - Monetary Policy, Central Banking and the Supply of Money and Credit. Other
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012770862