Search Results

No results found.

(refine search)
SORT BY: PREVIOUS / NEXT
Keywords:municipal bond 

Discussion Paper
The Federal Reserve's Liquidity Backstops to the Municipal Bond Market during the COVID-19 Pandemic

The COVID-19 pandemic has caused tremendous hardship all over the world. In response, the Federal Reserve has moved quickly and aggressively to support the economy in the United States. In this article, we present some initial evidence for the effectiveness of some of the facilities in calming the municipal bond market, particularly the short-term variable-rate demand obligation (VRDO) market. We discuss the important role of liquidity backstops in mitigating runs and stabilizing financial markets in general based on insights from our study on the runs on VRDO and auction-rate securities ...
Policy Hub , Paper 2020-5

FILTER BY Bank

FILTER BY Series

Policy Hub 1 items

FILTER BY Content Type

FILTER BY Author

FILTER BY Jel Classification

G10 1 items

G20 1 items

G21 1 items

FILTER BY Keywords

PREVIOUS / NEXT