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Published by: Harvard Business Publishing
Originally published in: 2009
Version: 1 February 2010

Abstract

This case describes the efforts of Ben Bernanke, Chairman of the Federal Reserve, to improve liquidity in money markets during the subprime crisis. The case explains the four main new tools for monetary policy (or quantitative easing) the Federal Reserve has used between 2007 and 2009: (1) the Term Auction Facility (TAF); (2) the Primary Dealer Credit Facility (PDCF); (3) the Term Securities Lending Facility (TSLF); and (4) the Asset Backed Commercial Paper Money Market Mutual Fund Liquidity Facility (AMLF).
Location:
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Other setting(s):
2009

About

Abstract

This case describes the efforts of Ben Bernanke, Chairman of the Federal Reserve, to improve liquidity in money markets during the subprime crisis. The case explains the four main new tools for monetary policy (or quantitative easing) the Federal Reserve has used between 2007 and 2009: (1) the Term Auction Facility (TAF); (2) the Primary Dealer Credit Facility (PDCF); (3) the Term Securities Lending Facility (TSLF); and (4) the Asset Backed Commercial Paper Money Market Mutual Fund Liquidity Facility (AMLF).

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Location:
Industry:
Other setting(s):
2009

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