This effect is statistically significant for lags up to two months. Thus, we find cross-border spillovers of U.S. policies to reduce short-term funding pressure, albeit at a small magnitude and in the very short run only. Short-term corporate loan rates only exhibit a statistically ...
2019 the Fed conducted a one-day (overnight) repo loan operation, offering $37.5 billion. Deutsche Bank Securities, a unit of the giant German bank, took two lots totaling $7.5 billion. On the same day, Deutsche Bank Securities took another $3 billion of a 14-day ...
The government has suspended repayment of its foreign loans and its usable foreign currency reserves have plummeted below $50 million. The country has $7 billion in foreign loan repayments due this year out of the total foreign debt of $51 billion. Police used tear gas and a water cannon tw...
banks, securities firms and money market mutual funds typically secure these loans from each other by providing safe forms of collateral such as Treasury securities. The repo loan market is supposed to function without the assistance of the Federal Reser...
Greece said on Wednesday that the government does not have the money to repay the IMF loan, which is the first in a series of debt repayments over the summer. German Chancellor Angela Merkel said a deal was still possible to provide Greece with additional funds, if Athens showed the necessa...