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Is the discount window necessary? A Penn Central perspective.
- Source :
- Review (00149187); May/Jun94, Vol. 76 Issue 3, p31, 25p, 6 Charts, 3 Graphs
- Publication Year :
- 1994
-
Abstract
- Argues that the discount window, properly administered, can help the government direct temporary credit subsidies through the banking system to firms suffering from a panic in nonbank financial market. Commercial paper crisis of the 1970; Penn Central as an example of a beneficial discount window intervention; Stabilizing effect of the discount window on nonbank financial market.
- Subjects :
- CREDIT management
BANKING industry finance
NEGOTIABLE instruments
Subjects
Details
- Language :
- English
- ISSN :
- 00149187
- Volume :
- 76
- Issue :
- 3
- Database :
- Complementary Index
- Journal :
- Review (00149187)
- Publication Type :
- Academic Journal
- Accession number :
- 9408011596
- Full Text :
- https://doi.org/10.20955/r.76.31-56