We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Anonymous advantage

19 December 2007

Banks stampeded for the $20bn of loans it just auctioned, pushing the rate to just 10 basis points shy of the punitive and stigmatising discount rate. That could further shake confidence. The Fed would do better to change its discount window policy to aid liquidity.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)