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Bankers' acceptances: yesterday's instrument to restart today's credit markets?


  • Richard G. Anderson


A bankers' acceptance is created when a bank agrees to `accept,' or guarantee, a future payment between two firms.

Suggested Citation

  • Richard G. Anderson, 2009. "Bankers' acceptances: yesterday's instrument to restart today's credit markets?," Economic Synopses, Federal Reserve Bank of St. Louis.
  • Handle: RePEc:fip:fedles:y:2009:n:5

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    References listed on IDEAS

    1. Sewin Chan & Andrew Haughwout & Andrew Hayashi & Wilbert Van Der Klaauw, 2016. "Determinants of Mortgage Default and Consumer Credit Use: The Effects of Foreclosure Laws and Foreclosure Delays," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 48(2-3), pages 393-413, March.
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    Cited by:

    1. Richard G. Anderson & Charles S. Gascon, 2009. "The commercial paper market, the Fed, and the 2007-2009 financial crisis," Review, Federal Reserve Bank of St. Louis, issue Nov, pages 589-612.

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    Financial markets ; Credit;


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