Akay, Ozgur; Griffiths, Mark D.; Kotomin, Vladimir; … - In: Journal of Banking & Finance 37 (2013) 5, pp. 1643-1657
The Federal Reserve’s AMLF program was designed to provide liquidity to money market funds (MMFs). Between September 2008 and May 2009, the program made $217 billion in non-recourse loans to depository institutions and bank holding companies to purchase asset-backed commercial paper from MMFs....