The Ghosts of Failed Banks Have Returned by Alasdair Macleod

The Ghosts of Failed Banks Have Returned by Alasdair Macleod

Oct 15, 2019 | News

Recently, something unusual happened: instead of the more normal reverse repurchase agreements, the Fed escalated its repurchase agreements (repos). For the avoidance of doubt, a reverse repo by the Fed involves the Fed borrowing money from commercial banks, secured...