Added January 1, 2010
2 min
Rescuing Asset-backed Securities Markets
Abstract
On November 25, 2008, the Federal Reserve unveiled a loan facility to revive the market for asset-backed securities, which had essentially stopped functioning due to the global financial crisis. What are these securities and why is it important for these markets to continue to operate?
Suggested Citation
Sumit Agarwal; Crystal Cun and Mariacristina De Nardi, (2010), Rescuing asset-backed securities markets, Chicago Fed Letter, (Jan)
Partners
DeNardi, C., and C. Cun
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