Journal Article

The asset-backed securities markets, the crisis, and TALF

Abstract: Credit performs the essential function of moving funds from the savers who want to lend to the investors and consumers who wish to borrow. Under ideal conditions, this process ensures that funds are invested by the most skilled and productive individuals, thus improving efficiency and stimulating growth, and that consumers can get funds when they need them the most to satisfy their consumption needs.

Keywords: Mortgages; Mortgage-backed securities; Asset-backed financing;

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Bibliographic Information

Provider: Federal Reserve Bank of Chicago

Part of Series: Profitwise

Publication Date: 2011

Issue: Apr

Pages: 8-18