Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/45453 
Erscheinungsjahr: 
2009
Schriftenreihe/Nr.: 
Working Paper No. 0912
Verlag: 
TÜSİAD-Koç University Economic Research Forum, Istanbul
Zusammenfassung: 
Over the course of the recent liquidity crisis, the Federal Reserve made several changes to its primary credit lending facility such as narrowing the spread between the primary credit rate and the target funds rate and increasing the term of the borrowing. In this paper, we use the model developed by Artuç and Demiralp (2008) to provide a structural assessment of the effectiveness of these changes. Our results suggest that these changes were effective in stabilizing the federal funds market.
Schlagwörter: 
Discount Window
Primary Credit
Federal Funds Market
JEL: 
E40
E58
Dokumentart: 
Working Paper

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