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Stressed not Frozen: The Fed Funds Market in the Financial Crisis

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NBER2010-03-01 更新2025-01-04 收录
下载链接:
https://www.nber.org/papers/w15806
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资源简介:
This paper examines the impact of the financial crisis of 2008 on the federal funds market, specifically the bankruptcy of Lehman Brothers. Rather than a complete collapse of lending in the presence of a market wide shock, we see that banks become more restrictive in which counterparties they lend
提供机构:
美国国家经济研究局
创建时间:
2010-03-01
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