Federal Reserve Bank of Chicago
Chicago Fed Letter
Rescuing asset-backed securities markets
On November 25, 2008, the Federal Reserve unveiled a loan facility to revive the market for asset-backed securities, which had essentially stopped functioning due to the global financial crisis. What are these securities and why is it important for these markets to continue to operate?
Cite this item
Sumit Agarwal & Crystal Cun & Mariacristina De Nardi, "Rescuing asset-backed securities markets"
, Federal Reserve Bank of Chicago, Chicago Fed Letter, issue Jan, 2010.
Keywords: Asset-backed financing
This item with handle RePEc:fip:fedhle:y:2010:i:jan:n:270
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