Fed Paper: “The Effect of the Term Auction Facility on the London Inter-Bank Offered Rate”

hardly need a study to figure that out! This paper from the NY Fed was just released: The Effect of the Term Auction Facility on the London Inter-Bank Offered Rate Summary: This paper examines the effects of the Federal Reserve’s Term Auction Facility (TAF) on the London Inter-Bank Offered Rate (LIBOR). The particular question investigated is whether the announcements [...]