Stigma and the Discount Window

Mark Carlson and Jonathan Rose

No 2017-12-19, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: One of the primary roles of central banks like the Federal Reserve is to provide liquidity to the financial system, particularly during periods of stress. The discount window is a critical tool for providing that liquidity. In this note, we discuss several topics related to stigma in depth and describe how concerns about stigma have influenced changes in Federal Reserve discount window policies.

Date: 2017-12-19
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2017-12-19

DOI: 10.17016/2380-7172.2108

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