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The asset-backed securities markets, the crisis and TALF

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  • Sumit Agarwal
  • Jacqueline Barrett
  • Crystal Cun
  • Mariacristina De Nardi

Abstract

The authors explain the role of asset-backed securities markets in generating credit and liquidity and how this role was disrupted during the financial crisis. They discuss the implementation of the Term Asset-Backed Securities Loan Facility (TALF) and argue that this program helped reestablish the ABS markets and the credit supply. and the reversion to a stable fiscal regime.

Suggested Citation

  • Sumit Agarwal & Jacqueline Barrett & Crystal Cun & Mariacristina De Nardi, 2010. "The asset-backed securities markets, the crisis and TALF," Economic Perspectives, Federal Reserve Bank of Chicago, issue Q IV, pages 101-115.
  • Handle: RePEc:fip:fedhep:y:2010:i:qiv:p:101-115:n:v.34no.4
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    Cited by:

    1. Martina Cecioni & Giuseppe Ferrero & Alessandro Secchi, 2011. "Unconventional Monetary Policy in Theory and in Practice," Questioni di Economia e Finanza (Occasional Papers) 102, Bank of Italy, Economic Research and International Relations Area.
    2. Paulo José Saraiva & Luiz Fernando De Paula & André De Melo Modenesi, 2016. "A Crise Financeira Americana E As Implicações Para A Política Monetária," Anais do XLII Encontro Nacional de Economia [Proceedings of the 42nd Brazilian Economics Meeting] 114, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].

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