For many years, the Federal Reserve's discount window has played an important role in monetary policy. Discount window … volatility of short-term interest rates. Moreover, announced changes in the Federal Reserve's discount rate have often signaled … meet short-term credit needs. Consequently, the usefulness of the discount window in smoothing reserve imbalances and …

’s discount window borrowing facility represent a shift in how the nation’s central bank traditionally provided liquidity through …

We argue that buyout waves form in response to fluctuations in aggregate discount rates. In our model, discount rates …

member-borrowers when choosing between accessing the FHLB System or the Federal Reserve's Discount Window during the crisis …

contagion in the financial system, the use of market data in banking supervision, and recent efforts to reform Discount Window …