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Chicago Fed Letter


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

January 2010

Chicago Fed Letter 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)

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