Discussion Paper

Primary Markets for Short-term Debt and the Stabilizing Effects of the PDCF

Abstract: During early March 2020, amid rapidly spreading restrictions associated with preventing the spread of COVID-19, financial markets came under immense strain. These strains ultimately spilled over to funding markets and to institutions that are highly dependent on such markets.


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Bibliographic Information

Provider: Board of Governors of the Federal Reserve System (U.S.)

Part of Series: FEDS Notes

Publication Date: 2021-06-21

Number: 2021-06-21-1