Bill Nelson on How Bank Examiner Preferences are Obstructing Monetary Policy
Macro Musings with David Beckworth
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Is This a Natural Extension of the No-Question to Ask Primary Credit Facility?
The committed liquidity facility is a collateralized line of credit from the Fed. Only banks would be able to use it, so you wouldn't have like shadow banks and non-bank financial firms have access to it or could they as well? The BIS estimates that complying with liquidity requirements reduces lending by up to 26% significantly reducing GDP.
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