Finance and Economics Discussion Series: Securitization Markets and Central Banking: An Evaluation of the Term Asset-Backed Securities Loan Facility
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In response to the near collapse of US securitization markets in 2008, the Federal Reserve created the Term Asset-Backed Securities Loan Facility, which offered non-recourse loans to finance investors purchases of certain highly rated asset-backed securities. We study the effects of this program and find that it lowered interest rate spreads for some categories of asset-backed securities but had little impact on the pricing of individual securities...
Format:Paperback
Language:English
ISBN:1288702272
ISBN13:9781288702275
Release Date:February 2013
Publisher:Bibliogov
Length:46 Pages
Weight:0.22 lbs.
Dimensions:0.1" x 7.4" x 9.7"
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