The Effectiveness of Central Bank Interventions During the First Phase of the Subprime Crisis /

This paper provides evidence that central bank interventions had a statistically significant impact on easing stress in unsecured interbank markets during the first phase of the subprime crisis which began in July 2007. Extraordinary liquidity provisions, such as the Term Auction Facility by the Fed...

وصف كامل

التفاصيل البيبلوغرافية
المؤلف الرئيسي: Hesse, Heiko
مؤلفون آخرون: Frank, Nathaniel
التنسيق: دورية
اللغة:English
منشور في: Washington, D.C. : International Monetary Fund, 2009.
سلاسل:IMF Working Papers; Working Paper ; No. 2009/206
الوصول للمادة أونلاين:Full text available on IMF