Market Liquidity Programs
Documents from 2013
Early Repayment of Funds Raised Through Three-Year Longer-Term Refinancing Operations: Economic Rationale and Impact on the Money Market, European Central Bank (ECB)
Early Repayments of Funds Raised Through Three-Year Longer-Term Refinancing Operations: Developments Since February 2013, European Central Bank (ECB)
ECB Monetary Policy During the Financial Crisis and Asset Price Developments, European Central Bank (ECB)
Four Stories of Quantitative Easing, Christopher J. Neely and Brett W. Fawley
Legacy Securities Public-Private Investment Program: Program Update – Quarter Ended September 30, 2013, United States: Department of the Treasury
Subsidizing Price Discovery, Braz Camargo, Kyungmin Kim, and Benjamin R. Lester
The Bank of England's unconventional monetary policies, Mike Joyce
The ECB's non-standard monetary policy measures: the role of institutional factors and finance structure, Philippine Cour-Thimann and Bernhard Winkler
The ECB's Non-Standard Monetary Policy Measures: The Role of Institutional Factors and Financial Structure, Philippine Cour-Thimann and Bernhard Winkler
The Public-Private Investment Program: An Assessment, Douglas J. Elliot
Troubled Asset Relief Program (TARP): Implementation and Status, Baird Webel
Documents from 2012
Assessing The Economy-Wide Effects Of Quantitative Easing, George Kapetanios, Haroon Mumtaz, Ibrahim Stevens, and Konstantinos Theodoridis
Asset Purchase Facility Corporate Bond Secondary Market Scheme, Bank of England/Central Bank of the United Kingdom
Bank of England Asset Purchase Facility Fund Limited (BEAPFF), Grahame Allen
Ending of covered bond purchase programme 2, European Central Bank (ECB)
European Covered Bond Fact Book 2012, European Covered Bond Council
Federal Reserve Liquidity Provision during the Financial Crisis of 2007– 2009, Michael J. Fleming
Impact of the Two Three-Year Longer-Term Refinancing Operations, European Central Bank (ECB)
Implementing The Dodd-Frank Act: The Federal Reserve Board's Role, Federal Reserve System: Board of Governors
Introductory Statement to the press conference (with Q&A), Mario Draghi and Vitor CONSTANCIO
Is LTRO QE in disguise?, Jean Pisani-Ferry and Guntram Wolff
Lessons from the Bank of England on 'Quantitative Easing' and Other 'Unconventional' Monetary Policies, Victor Lyonett and Richard Werner
Public-Private Investment Program, Press Releases, United States: Department of the Treasury
Public Private Investment Program: Program Purpose & Overview, United States: Department of the Treasury
QE and the Gilt Market: a Disaggregated Analysis, Michael Joyce and Matthew Tong
Review of the Bank of England's Provision of Emergency liquidity Assistance in 2008-09, Ian Plenderleith
The Fed's Emergency Liquidity Facilities during the Financial Crisis: The PDCF, Tobias Adrian and Ernst Schaumburg
The impact of QE on the UK economy ”” some supportive monetarist arithmetic, Bank of England/Central Bank of the United Kingdom, Jonathan Bridges, and Ryland Thomas
Documents from 2011
A Positive Theory of Fixed-Rate Funds-Supplying Operations in an Accommodative Financial Environment, Junnosuke Shino
Asset Purchase Facility – Commercial Paper (2009– 2011), Bank of England/Central Bank of the United Kingdom
Bank of England Increases Stimulus: Full Text of Statement, Telegraph
Decision of the European Central Bank of 3 November 2011 on the implementation of the second covered bond purchase programme, European Central Bank (ECB)
Domestic Open Market Operations During 2010, Federal Reserve System: Federal Reserve Bank of New York
ECB Announces New Covered Bond Purchase Programme, European Central Bank (ECB)
ECB resignation hits global markets, Financial Times
European Central Bank Annual Report 2010, European Central Bank (ECB)
European Covered Bond Fact Book 2011, European Covered Bond Council
FAQs on the measures to support bank lending and money market activity, European Central Bank (ECB)
Federal Reserve System: Opportunities Exist to Strengthen Policies and Processes for Managing Emergency Assistance, United States: Government Accountability Office (GAO)
Fed Gave Banks Crisis Gains on Secretive Loans Low as 0.01%, Bob Ivry
Fed Made State Street Profitable as Money-Fund Middleman in '08, Christopher Condon
Going public: UK companies' use of capital markets, Aashish Pattani, Giuseppe Vera, and James Wackett
Goldman Sachs Took Biggest Loan From Undisclosed Fed Program, Bob Ivry and Bradley Keoun
Institutional Provisions: Statute of the ESCB and of the ECB: Rules of Procedure, European Central Bank (ECB)
Introductory statement to the press conference (with Q&A), Mario Draghi and Vitor CONSTANCIO
New Financial Regulation in Denmark after the Crisis – or the Politics of Not Really Doing Anything, Martin B. Carstensen
New York Fed 101: Term Asset-Backed Securities Loan Facility (TALF), Federal Reserve System: Federal Reserve Bank of New York
Quantitative Easing Boosted by £75bn by Bank of England, Katie Allen
Quantitative Easing by the Bank of England: Printing More Money Won't Work This Time, Andrew Lilico
Responses to the Financial Crisis, Treasury Debt, and the Impact on Short-Term Money Markets, Warren B. Hrung and Jason S. Seligman
Secondary Sources: Fed Crisis Loans, Long-Term Unemployment, U.S. Default, Phil Izzo
"Secret loans" that were not so secret, David E. Altig
Statement by the President of the ECB, Jean-Claude Trichet
The ECB's Non-standard Measures - Impact and Phasing-out, European Central Bank (ECB)
The Federal Reserve's Commercial Paper Funding Facility, Tobias Adrian, Karin Kimbrough, and Dina Marchioni
The Fed vs Bloomberg, ST OMO edition, Felix Salmon
The United Kingdom's quantitative easing policy: design, operation and impact, Michael Joyce, Robert Woods, and Matthew Tong
Troubled Asset Relief Program Status of Programs and Implementation of GAO Recommendations, Thomas J. McCool
Two Monetary Policy Tools: Interest Rates and Haircuts, Adam Ashcraft, Nicolae G¢rleanu, and Lasse Heje Pedersen
Documents from 2010
A Big Surprise: Troubled Assets Garner Rewards, Eric Dash
A Binomial Model of Geithner's Toxic Asset Plan, Linus Wilson
An Unconventional Journey: the Bank of England's Asset Purchase Programme, PAUL FISHER
Asset-Backed Commercial Paper (ABCP) Money Market Mutual Fund (MMMF) Liquidity Facility (AMLF): Frequently Asked Questions and Answers, Federal Reserve System: Bank Discount Window and Payment Risk
Asset Backed Commercial Paper (ABCP) Money Market Mutual Fund (MMMF) Liquidity Facility Terms and Conditions, Federal Reserve System: Bank Discount Window and Payment Risk
Asset Purchase Facility, Bank of England/Central Bank of the United Kingdom
Bank of England: Asset Purchase Facility Closure, Bank of England/Central Bank of the United Kingdom
Bank of England Asset Purchase Facility Fund Limited: Annual Report 2009/10, Bank of England/Central Bank of the United Kingdom
Bank of Japan may reportedly double lending program, MarketWatch
Battle Over the Bailout, Alan Feuer
Central Banker Takes a Chance By Speaking Out, Jack Ewing
Charts to accompany speech by Paul Fisher to the Association of Corporate Treasurers, Paul Fisher
Commercial Paper Funding Facility: Administration Agreement, Federal Reserve System: Federal Reserve Bank of New York
Commercial Paper Funding Facility: Amendment to Investment Management Agreement, Federal Reserve System: Federal Reserve Bank of New York
Commercial Paper Funding Facility: FOMC Statement, Federal Reserve System: Federal Reserve Bank of New York
Commercial Paper Funding Facility: Transaction Data, Federal Reserve System: Federal Reserve Bank of New York
Covered bond market developments and the covered bond purchase programme, European Central Bank (ECB)
Decision of the European Central Bank of 14 May 2010 Establishing a Securities Markets Programme, European Central Bank (ECB)
Default Rates on Prime and Subprime Mortgages: Differences & Similarities, Federal Reserve System: Federal Reserve Bank of Chicago
Denmark Financial Stability Report 2010, Danmarks Nationalbank
Did Fed Really Lend $9 Trillion Under Its Primary Dealer Credit Facility?, John Carney
Domestic Open Market Operations During 2009, Federal Reserve System: Federal Reserve Bank of New York
Euro area money growth and the "Securities Markets Programme", European Central Bank (ECB)
European Covered Bond Factbook 2010, European Covered Bond Council
"Federal Reserve Board releases a statement from its January 26-27 FOMC meeting confirming the upcoming expiration of several liquidity facilities, including the AMLF", Federal Reserve System: Board of Governors
Federal Reserve Liquidity Programs: An Update, Niel Willardson and LuAnne Kinney Pederson
Federal Reserve releases detailed information about transactions conducted to stabilize markets during the recent financial crisis, Federal Reserve System: Board of Governors
Fed opens curtain on $3.3 trillion of crisis lending, Pedro Nicolaci da Costa and Rachelle Younglai
Final Monthly Report on the Eurosystem's Covered Bond Purchase Program June 2010, European Central Bank (ECB)
Foreign Firms Received Funds: Data from Fed Show Lenders Got Emergency Cash, Jon Hilsenrath and Liz Rappaport
GE Borrowed $16 Billion in Commercial Paper Plan, Fed Data Show, Rachel Layne and Christopher Condon
Greece Passes Austerity Package, Nick Skekras, Alkman Granitsas, and Bob Davis
Monthly Bulletin May 2010, European Central Bank (ECB)
Monthly Bulletin October 2010, European Central Bank (ECB)
QE - One Year On Speech, Bank of England/Central Bank of the United Kingdom and Spencer Dale
Quarterly Inflation Report Press Conference, February 10, 2010, Mervyn King
Reflections on the TALF and the Federal Reserve's Role as Liquidity Provider, Brian P. Sack
Reserve Primary Tops Users of Fed Aid to Money Funds, Christopher Condon
Selecting Fund Managers for the Legacy Securities Public- Private Investment Program, United States: Office of the Special Inspector General for the TARP, Neil Barofsky, and Timothy G. Massad
Speech by Paul Fisher, PAUL FISHER