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Persistent link: https://www.econbiz.de/10008986735
Legislative and regulatory actions taken in response to the financial turmoil which occurred between 2007 and 2009 expanded the extent to which financial institution liabilities were protected by federal government guarantees: i.e., these actions expanded the federal financial safety net. How...
Persistent link: https://www.econbiz.de/10013096497
Legislative and regulatory actions taken in response to the financial turmoil that occurred between 2007-2009 expanded the extent to which financial institution liabilities were protected by federal government guarantees, i.e., these actions expanded the federal financial safety net. How large...
Persistent link: https://www.econbiz.de/10013096546
Persistent link: https://www.econbiz.de/10009127527
In October 2008 the Federal Reserve began paying banks interest on the reserves they hold. This action was intended to remove the implicit, distortionary tax that reserve requirements impose on banks, as well as help the Fed maintain the fed funds rate at its target. Going forward, interest on...
Persistent link: https://www.econbiz.de/10008504626