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Central bank liquidity facilities around the world

David Arseneau, Mark Carlson, Kathryn Chen, Matthew Darst, Dylan Kirkeeng, Elizabeth Klee, Benjamin Malin, Matthew Malloy, Friederike Niepmann, Mary-Frances Styczynski, Melissa Vanouse and Alexandros Vardoulakis
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Alexandros Vardoulakis: https://www.federalreserve.gov/econres/alexandros-vardoulakis.htm

No 2025-02-26-1, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: A core task of central banks is to provide liquidity to banks, with the goal of facilitating monetary policy implementation, ensuring the smooth functioning of the payment system, and promoting financial stability. While central banks around the world pursue these goals, the design of liquidity facilities differs across countries. This note provides an overview of liquidity facilities around the world that resemble the Federal Reserve’s discount window as well as intraday credit, comparing and contrasting setups in different countries.

Date: 2025-02-26
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2025-02-26-1

DOI: 10.17016/2380-7172.3740

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