Puddu, Stefano; Waelchli, Andreas - 2011 - This version: October 2011
During the last financial crisis the Federal Reserve launched several extraordinary actions, including the creation of … a number of new facilities for auctioning short-term credit, with the general aim of sustaining the financial sector and … Facility (TAF). The goal of this paper is twofold. First, we want to study banks' liquidity and liability features depending on …