New Fed discount window could ease bankruptcy crisis – researchers


The Federal Reserve should establish a new special-purpose discount window to support bank lending to companies in distress, economic historian Peter Conti-Brown and corporate law expert David Skeel argue.

A large share of US corporations have interest expenses greater than their cash inflows, separate research published by the Federal Reserve Bank of New York finds. The Covid-19 shock has left many companies in such a weak financial state that they may not be able to endure a further liquidity

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 or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account