THE FINANCIAL IMPACT OF LENDER-OF-LAST-RESORT BORROWING FROM THE FEDERAL RESERVE DURING THE FINANCIAL CRISIS

The U.S. Federal Reserve (Fed) was reluctant to release the names of firms that borrowed, and the amounts borrowed, from the emergency loan facilities during the financial crisis. We show that when the details of this information were finally made public by the Fed, there was no stock market reactio...

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Veröffentlicht in:	The Journal of financial research 2016-06, Vol.39 (2), p.179-206
Hauptverfasser:	Blau, Benjamin M., Hein, Scott E., Whitby, Ryan J.
Format:	Artikel
Sprache:	eng
Schlagworte:	Borrowing Economic crisis
Online-Zugang:	Volltext
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