The goal of the Term Asset-Backed Securities Loan Facility (TALF) was to allow financial institutions to borrow
Question:
a. Why were these assets illiquid?
b. How does the ability to borrow against these assets improve financial market stability?
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a These assets were illiquid because they were largely items like mortgagebacked se...View the full answer
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Related Book For 
Macroeconomics
ISBN: 9780132109994
1st Edition
Authors: Glenn Hubbard, Anthony Patrick O'Brien, Matthew P Rafferty
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