The evolution of Treasury cash management during the financial crisis
AbstractThe U.S. Treasury and the Federal Reserve System have long enjoyed a close relationship, each helping the other to carry out certain statutory responsibilities. This relationship proved beneficial during the 2008-09 financial crisis, when the Treasury altered its cash management practices to facilitate the Fed’s dramatic expansion of credit to banks, primary dealers, and foreign central banks.
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Bibliographic InfoArticle provided by Federal Reserve Bank of New York in its journal Current Issues in Economics and Finance.
Volume (Year): 18 (2012)
Issue (Month): Apr ()
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- Warren B. Hrung & Jason S. Seligman, 2011. "Responses to the financial crisis, treasury debt, and the impact on short-term money markets," Staff Reports 481, Federal Reserve Bank of New York.
- Warren B. Hrung, 2007. "An examination of Treasury term investment interest rates," Economic Policy Review, Federal Reserve Bank of New York, issue Mar, pages 19-32.
- Kenneth D. Garbade & John C. Partlan & Paul J. Santoro, 2004. "Recent innovations in Treasury cash management," Current Issues in Economics and Finance, Federal Reserve Bank of New York, vol. 10(Nov).
- Eric Tymoigne, 2014. "Modern Money Theory and Interrelations between the Treasury and the Central Bank: The Case of the United States," Economics Working Paper Archive wp_788, Levy Economics Institute.
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