Steven Kelly on the Silicon Valley Bank Collapse and Its Implications for Financial Policy
Macro Musings with David Beckworth
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Capital Injection Facility
The Fed's new standing repo facility is a temporary capital injection that will be paid back over the course of this year. The problem with these facilities remains that they lend against market value of collateral. So to the extent that you really want to write a floor under something that starts on the asset side, so you can think about COVID is major dash for cash.
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