How Effective Were the Federal Reserve Emergency Liquidity Facilities? Evidence from the Asset‐Backed Commercial Paper Money Market Mutual Fund Liquidity Facility

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Unconventional monetary policies: a re-appraisal (2018, background): “…and Seligman (2011) TSLF Time series regressions Changes in the FF-repo spreads TSLF mitigates shortages of liquid Treasury collateral10 Duygan-Bump et al (2013) AMLF Panel regressions Change in MMMFs total assets under management; spread between AMLFeligible ABCP issued by FIs and…”
Monetary Policy Rules Work and Discretion Doesn’t: A Tale of Two Eras (2012, background): “A detailed examination of micro data by Duygan-Bumpt et al. (2010) shows that the Fed’s asset backed commercial paper money market mutual fund liquidity facility (AMLF) was effective. And the Federal Reserve should also be given credit for rebuilding confidence by quickly starting up these complex p”
Runs on Money Market Mutual Funds (2016, unknown): “19 Our definition of liquid assets starts with that of Duygan-Bump et al. (2013), which equals the sum of the portfolio weights of investments in repo, Treasury, and US agency securities.”