Repo market effects of the term securities lending facility

American Economic Review

Volumn 100, Issue 2, 2010, Pages 591-596

  Fleming, Michael J ^a   Hrung, Warren B ^a   Keane, Frank M ^a  

^a FEDERAL RESERVE BANK OF NEW YORK   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 77956101280     PISSN: 00028282     EISSN: None     Source Type: Journal    
DOI: 10.1257/aer.100.2.591     Document Type: Conference Paper

References (12)

1. Fleming, Michael J., and Kenneth D. Garbade. 2005. "Explaining Settlement Fails." Current Issues in Economics and Finance, 11(9). http://www.newyorkfed.org/research/current-issues/ci11-9/ci11-9.html.
2. Fleming, Michael J., and Kenneth D. Garbade. 2007. "Dealer Behavior in the Specials Market for US Treasury Securities." Journal of Financial Intermediation, 16(2): 204-228
3. Fleming, Michael J., Warren B. Hrung, and Frank M. Keane. 2009. "The Term Securities Lending Facility: Origin, Design, and Effects." Current Issues in Economics and Finance, 15(2). http://www.ny.frb.org/research/current- issues/ci15-2.pdf.
4. Fleming, Michael J., Warren B. Hrung, and Frank M. Keane. 2010. "Repo Market Effects of the Term Securities Lending Facility." Federal Reserve Bank of New York Staff Report 426.
5. Gorton, Gary B., and Andrew Metrick. 2009. "Securitized Banking and the Run on Repo." National Bureau of Economic Research Working Paper 15223.
6. Greenwood, Robin, and Dimitri Vayanos. 2008. "Bond Supply and Excess Bond Returns." http://papers.ssrn.com/sol3/papers.cfm?abstract-id=1012607.
7. Jordan, Bradford D., and Susan D. Jordan. 1997. "Special Repo Rates: An Empirical Analysis." Journal of Finance, 52(5): 2051-2072
8. Kiyotaki, Nobuhiro, and John Moore. 2008. "Liquidity, Business Cycles, and Monetary Policy." http://www.princeton.edu/~kiyotaki/papers/ ChiKM6-1.pdf.
9. Krishnamurthy, Arvind. 2002. "The Bond/Old-Bond Spread." Journal of Financial Economics, 66(2-3): 463-506.
10. Krishnamurthy, Arvind, and Annette Vissing-Jorgensen. 2008. "The Aggregate Demand for Treasury Debt." http://www.kellogg.northwestern.edu/ faculty/krisharvind/papers/demandtreas.pdf.
11. McAndrews, James, Asani Sarkar, and Zhenyu Wang. 2008. "The Effect of the Term Auction Facility on the London Inter-Bank Offered Rate." Federal Reserve Bank of New York Staff Report 335.
12. Taylor, John B., and John C. Williams. 2009. "A Black Swan in the Money Market." American Economic Journal: Macroeconomics, 1(1): 58-83.