European ABS purchases pushed yield curve lower: Fed paper
The surge in capital inflows from emerging market economies and European acquisitions of asset-backed securities contributed to the downward pressures on US interest rates in the build-up to the financial crisis, a Federal Reserve paper, published on Thursday, says.
Carol Bertaut, Laurie Pounder DeMarco, Steve Kamin and Ralph Tryon, the paper's authors, use a combination of empirical estimation and model simulations to measure the effects sizable purchases by European investors of asset-backed
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Financial Stability
