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Crisis liquidity facilities with nonbank counterparties : lessons from the term Asset-Backed Securities Loan Facility

Meisenzahl, Ralf R.; Pence, Karen M. - 2022

goals--stabilizing markets quickly, winding down the program when conditions normalized, providing liquidity to a wide range …

Persistent link: https://www.econbiz.de/10013175070

Crisis Liquidity Facilities with Nonbank Counterparties : Lessons from the Term Asset-Backed Securities Loan Facility

Meisenzahl, Ralf; Pence, Karen M. - 2022

liquidity to a wide range of assets, and having borrowers internalize credit risk rather than shift it to the government …

Persistent link: https://www.econbiz.de/10013291550

The Federal Reserve's Financial Crisis Response E : The Term Asset-Backed Securities Loan Facility

Wiggins, Rosalind - 2016

Securitization is a process that allows banks and other lenders to package loans and sell them as bonds called asset-backed securities (ABS), removing them from their balance sheets and immediately generating cash for new loans. ABS are an important component of the financing cycle for many...

Persistent link: https://www.econbiz.de/10013000245

The Term Asset-Backed Securities Loan Facility

Caviness, Elizabeth; Sarkar, Asani; Goyal, Ankur; Park, … - 2022

The COVID-19 pandemic disrupted the asset-backed securities (ABS) market, resulting in higher spreads on ABS and briefly halting the issuance of some ABS. On March 23, 2020, the Federal Reserve established the Term Asset-Backed Securities Loan Facility (TALF) to support the flow of credit to...

Persistent link: https://www.econbiz.de/10013404905

COVID Response : The Term Asset-Backed Securities Loan Facility

Caviness, Elizabeth; Sarkar, Asani; Goyal, Ankur; Park, … - 2021

Persistent link: https://www.econbiz.de/10013211397

Crisis liquidity facilities with nonbank counterparties : lessons from the term asset-backed securities loan facility

Meisenzahl, Ralf R.; Pence, Karen M. - 2022

Persistent link: https://www.econbiz.de/10013332747

The Term Asset-Backed Securities Loan Facility

Caviness, Elizabeth; Sarkar, Asani; Goyal, Ankur; Park, … - 2021

Persistent link: https://www.econbiz.de/10012625897

How Effective Were the Federal Reserve Emergency Liquidity Facilities? Evidence from the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility

Duygan-Bump, Burcu - 2012

vulnerabilities of short-term credit markets and the role of central banks as back-stop liquidity providers to financial markets. The … Federal Reserve's response to financial disruptions in the United States importantly included creating liquidity facilities … interventions — the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility. Our findings indicate that this …

Persistent link: https://www.econbiz.de/10013116163

The Impact of Risk Retention Regulation on the Underwriting of Securitized Mortgages

Furfine, Craig - 2018

The Dodd-Frank Act requires securitization sponsors to retain not less than a 5% share of the aggregate credit risk of the assets they securitize. This paper examines whether loans securitized in deals sold after the implementation of risk-retention requirements look different from those sold...

Persistent link: https://www.econbiz.de/10012927897

The term asset-backed securities loan facility

Caviness, Elizabeth; Sarkar, Asani; Goyal, Ankur; Park, … - In: Economic policy review 28 (2022) 1, pp. 161-184

Persistent link: https://www.econbiz.de/10013329793