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Systemic Illiquidity in the Federal Funds Market

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  • Adam B. Ashcraft
  • Darrell Duffie

Abstract

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Suggested Citation

  • Adam B. Ashcraft & Darrell Duffie, 2007. "Systemic Illiquidity in the Federal Funds Market," American Economic Review, American Economic Association, vol. 97(2), pages 221-225, May.
    • Handle: RePEc:aea:aecrev:v:97:y:2007:i:2:p:221-225
    Note: DOI: 10.1257/aer.97.2.221
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    References listed on IDEAS

    as
    1. Lacker, Jeffrey M., 2004. "Payment system disruptions and the federal reserve following September 11, 2001," Journal of Monetary Economics, Elsevier, vol. 51(5), pages 935-965, July.
    2. Furfine, Craig H, 2001. "Banks as Monitors of Other Banks: Evidence from the Overnight Federal Funds Market," The Journal of Business, University of Chicago Press, vol. 74(1), pages 33-57, January.
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