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THE COMMERCIAL PAPER FUNDING FACILITY.
- Source :
-
Economic Policy Review (19320426) . Jun2022, Vol. 28 Issue 1, p114-129. 16p. - Publication Year :
- 2022
-
Abstract
- The article reports that i n March 2020, commercial paper markets experienced disruptions related to the outbreak of COVID-19 and its associated shutdowns. Investor flows out of money market funds were exacerbated by uncertainty about the impact of COVID-19 on businesses. Anecdotally, commercial paper investors were unwilling to extend credit to issuers except at very short maturities (less than five days).
- Subjects :
- *CORPORATE bonds
*CREDIT risk
*MONEY market funds
*FEDERAL Reserve monetary policy
Subjects
Details
- Language :
- English
- ISSN :
- 19320426
- Volume :
- 28
- Issue :
- 1
- Database :
- Academic Search Index
- Journal :
- Economic Policy Review (19320426)
- Publication Type :
- Academic Journal
- Accession number :
- 157854573