Subject category:
Economics, Politics and Business Environment
Published by:
Harvard Business Publishing
Version: 1 February 2010
Length: 7 pages
Data source: Published sources
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https://casecent.re/p/86623
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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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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).