The Misuse of the Fed's Discount Window

Anna Jacobson Schwartz

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Monetary Policy and Economic Impact Banking stability, regulation, efficiency Economic theories and models

Abstract

Anna J. Schwartz, a senior research associate at the National Bureau of Economic Research, asks not only whether the Fed's discount window continues to serve any useful function, but also whether its operation may have unintended adverse effects.

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2012Financial Deregulation, Monetary Policy, and Central Banking

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