Fed’s liquidity policies more restrictive than other central banks
The US Federal Reserve Board operates much more restrictive collateral and liquidity frameworks than other central banks, according to a blog post published by the Federal Reserve Bank of New York.
Helene Lee and Asani Sarkar compare the policies of the Fed to the Bank of England, European Central Bank and Bank of Japan. The non-US central banks tend to permit a broader range of counterparties and accept the same collateral in their discount window facility and open market operations (OMOs).
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