Rescuing asset-backed securities markets

Sumit Agarwal, Crystal Cun and Mariacristina De Nardi

Chicago Fed Letter, 2010, issue Jan, No 270

Abstract: On November 25, 2008, the Federal Reserve unveiled a loan facility to revive the market for asset-backed securities, which had essentially stopped functioning due to the global financial crisis. What are these securities and why is it important for these markets to continue to operate?

Keywords: Asset-backed; financing (search for similar items in EconPapers)
Date: 2010
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