Re: ffm questions

On Dec 18, 2007 1:09 AM, Scott Fullwiler wrote: > Hi Warren > > A few questions on your take on fed funds market data– > > Std dev of fed funds rate is way up since summer compared to normal, but > looking at the high-low numbers, the deviation (at least max deviation) is […]

Lender of next-to-last resort?

There seems to be an alternative to the discount stigma – is the liquidity problem too big for (orthodox) central banks? The Federal Home Loan Bank System: Lender of Next-to-Last Resort? Morten Bech, Federal Reserve Bank of New York When we look at the FHLB balance sheet, we see a $746b surge in net lending […]