Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/247905 
Erscheinungsjahr: 
2021
Schriftenreihe/Nr.: 
Staff Report No. 982
Verlag: 
Federal Reserve Bank of New York, New York, NY
Zusammenfassung: 
The Federal Reserve reestablished the Commercial Paper Funding Facility (CPFF 2020) in response to the disruptions in the commercial paper market triggered by the COVID-19 pandemic and subsequent economic shutdowns. The CPFF 2020 was designed to support market functioning and provide a liquidity backstop for the commercial paper market. This paper provides an overview of the CPFF 2020, including detailing the facility's design, documenting its usage, and describing its impact on commercial paper markets. In addition, we compare the market conditions and facility design in CPFF 2020 to that of the original CPFF facility.
Schlagwörter: 
Federal Reserve
commercial paper market
CPFF
Federal Reserve lending facilities
JEL: 
G12
G18
G19
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
507.21 kB





Publikationen in EconStor sind urheberrechtlich geschützt.