Federal Reserve Bank of St. Louis
The Fed's response to the credit crunch
The Federal Reserve Board has used Section 13(3) of the Federal Reserve Act to create several new lending facilities to address the ongoing strains in the credit market.
Cite this item
Craig P. Aubuchon, "The Fed's response to the credit crunch"
, Federal Reserve Bank of St. Louis, Economic Synopses, number 6, 2009.
Keywords: Financial crises ; Credit
This item with handle RePEc:fip:fedles:y:2009:n:6
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