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Expanded central clearing would increase Treasury market resilience

Matthew McCormick and Sam Schulhofer-Wohl

Dallas Fed Economics from Federal Reserve Bank of Dallas

Abstract: The smooth functioning of markets for Treasury securities is critically important to the U.S. economy. The federal government relies on the sale of Treasuries to finance essential services, and the Federal Reserve uses Treasury markets to implement monetary policy.

Keywords: banking; finance; financial stability (search for similar items in EconPapers)
Date: 2022-12-23
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Persistent link: https://EconPapers.repec.org/RePEc:fip:d00001:95412

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