Chicago Fed Letter

A newsletter featuring an essay on economic policy issues of regional or national interest.

January 2010

Rescuing asset-backed securities markets
Sumit Agarwal Crystal Cun
Mariacristina De Nardi

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? (PDF,280KB)

Helen Koshy
Editor
(312) 322-5830
E-mail

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