The asset-backed securities markets, the crisis and TALF
Abstract: The authors explain the role of asset-backed securities markets in generating credit and liquidity and how this role was disrupted during the financial crisis. They discuss the implementation of the Term Asset-Backed Securities Loan Facility (TALF) and argue that this program helped reestablish the ABS markets and the credit supply. and the reversion to a stable fiscal regime.
File(s): File format is application/pdf http://www.chicagofed.org/digital_assets/publications/economic_perspectives/2010/4qtr2010_part1_agarwal_barrett_cun_denardi.pdf
Provider: Federal Reserve Bank of Chicago
Part of Series: Economic Perspectives
Publication Date: 2010
Issue: Q IV