The Federal Reserve Bank of Europe … and Other Startling Findings
Posted in Money on Aug 20th, 2012
In the most recent study of one of the many credit facilities set up by the Fed during the financial crisis: In this paper I use the TAF micro-level loan data and find that about 60 percent of TAF loans went to foreign banks that pledged asset-backed securities as collateral for these loans. The data and analysis […]
