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Necessity and Invention: Monetary Policy Innovation and the Subprime Crisis

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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: the Term Auction Facility (TAF), the Primary Dealer Credit Facility (PDCF), the Term Securities Lending Facility (TSLF), and the Asset Backed Commercial Paper Money Market Mutual Fund Liquidity Facility (AMLF).

【書誌情報】

ページ数:7ページ

サイズ:A4

商品番号:HBSP-709041

発行日:2009/1/21

登録日:2011/6/27

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