Boyarchenko, Nina; Crump, Richard K.; Kovner, Anna; … - 2021
The Federal Reserve reestablished the Commercial Paper Funding Facility (CPFF 2020) in response to the disruptions in … the commercial paper market triggered by the COVID-19 pandemic and subsequent economic shutdowns. The CPFF 2020 was … overview of the CPFF 2020, including detailing the facility's design, documenting its usage, and describing its impact on …