Eisenbeis, Robert A.; Herring, Richard J. - In: Journal of Financial Economic Policy 7 (2015) 1, pp. 68-88
Purpose – The purpose of this paper is to examine the events leading up to the Great Recession, the US Federal Reserve’s response to what it perceived to be a short-term liquidity problem, and the programs it put in place to address liquidity needs from 2007 through the third quarter of...