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Who is still knocking at the Discount Window?

Eurodollar University

00:00

What's Going on With the Federal Reserve's Primary Credit?

In the 2007 and 2008 crisis, primary credit was accessed at least later on in that crisis to the tune of about $110 billion during the worst of it. Now like the dollar swaps, we look at the discount window and say, well, yes, the Fed has tried to destigmatize it, but what is really going on here? And should we even care about what's going on here?"

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