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Economic Perspectives, 34, 4th, No. 4, 2010
The Asset-Backed Securities Markets, the Crisis and TALF

The authors explain the role of asset-backed securities markets in generating credit and liquidity and how this role was disrupted during the financial crisis. They discuss the implementation of the Term Asset-Backed Securities Loan Facility (TALF) and argue that this program helped reestablish the ABS markets and the credit supply.



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