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Staff Reports, Federal Reserve Bank of New York >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/60760
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | McAndrews, James | | en_US |
| dc.contributor.author | | Sarkar, Asani | | en_US |
| dc.contributor.author | | Wang, Zhenyu | | en_US |
| dc.date.accessioned | | 2010-04-28 | | en_US |
| dc.date.accessioned | | 2012-08-17T14:32:48Z | | - |
| dc.date.available | | 2012-08-17T14:32:48Z | | - |
| dc.date.issued | | 2008 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/60760 | | - |
| dc.description.abstract | | This paper examines the effects of the Federal Reserve's Term Auction Facility (TAF) on the London Inter-Bank Offered Rate (LIBOR). The particular question investigated is whether the announcements and operations of the TAF are associated with downward shifts of the LIBOR; such an association would provide one indication of the efficacy of the TAF in mitigating liquidity problems in the interbank funding market. The empirical results suggest that the TAF has helped to ease strains in this market. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Federal Reserve Bank of New York New York, NY | | en_US |
| dc.relation.ispartofseries | | Staff Report, Federal Reserve Bank of New York 335 | | en_US |
| dc.subject.jel | | G10 | | en_US |
| dc.subject.jel | | G12 | | en_US |
| dc.subject.jel | | G18 | | en_US |
| dc.subject.jel | | G19 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | LIBOR | | en_US |
| dc.subject.keyword | | liquidity | | en_US |
| dc.subject.keyword | | money markets | | en_US |
| dc.subject.keyword | | Term Auction Facility | | en_US |
| dc.title | | The effect of the term auction facility on the London inter-bank offered rate | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 587548975 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| Appears in Collections: | | Staff Reports, Federal Reserve Bank of New York
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