Journal Article

Provision of liquidity through the primary credit facility during the financial crisis: a structural analysis

Abstract: Professors Erhan Artu and Selva Demiralp of Ko University, Turkey, investigate whether changes to the Federal Reserve?s discount window borrowing facility represent a shift in how the nation?s central bank traditionally provided liquidity through the primary credit facility as well as whether the Fed would benefit from retaining these changes indefinitely. Presented at \\"Central Bank Liquidity Tools and Perspectives on Regulatory Reform\\" a conference sponsored by the Federal Reserve Bank of New York, February 19-20, 2009.

Keywords: Bank reserves; Liquidity (Economics); Discount window; Credit; Bank liquidity; Banks and banking, Central;

Bibliographic Information

Provider: Federal Reserve Bank of New York

Part of Series: Economic Policy Review

Publication Date: 2010

Volume: 16

Issue: Aug

Pages: 43-53