Artuç, Erhan; Demiralp, Selva - In: Journal of Banking & Finance 34 (2010) 4, pp. 825-833
In 2003, the Federal Reserve introduced primary credit as its main discount window lending program. This program replaced the adjustment credit program, which, subject to a number of restrictions, had generated a stigma associated with borrowing from the Federal Reserve. Lessening the stigma of...