In, Francis; Cui, Jin; Maharaj, Elizabeth Ann - In: Journal of International Money and Finance 31 (2012) 5, pp. 1106-1125
During the subprime crisis, the U.S. Federal Reserve was concerned about widening spreads between overnight interbank lending rates such as the overnight index swap (OIS) and term London Interbank Offer Rate (Libor). Among the tools it used to counter the impact of the crisis, the innovative...
