Agarwal, Sumit; Barrett, Jacqueline; Cun, Crystal; … - In: Economic Perspectives (2010) Q IV, pp. 101-115
The authors explain the role of asset-backed securities markets in generating credit and liquidity and how this role was disrupted during the financial crisis. They discuss the implementation of the Term Asset-Backed Securities Loan Facility (TALF) and argue that this program helped reestablish...