
Fed paper assesses impact of government funding on loan provision

Credit unions lend up to $1.60 extra for each dollar they receive from the US government-backed Community Development Financial Institution (CDFI) Fund, according to a working paper published by the Federal Reserve Bank of Cleveland on November 21.
The authors, Kristle Romero Cortés and Josh Lerner, examine the "intensely controversial" issue of whether governments can create or enhance financial intermediaries, and in doing so improve economic prospects. The target borrowers of the CDFI Fund
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 info[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]