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Browsing Economics and Business Working Papers Series by Subject "safe assets"
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Browsing Economics and Business Working Papers Series by Subject "safe assets"
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(2020-05-05)We show that Quantitative Easing (QE) stimulates investment via a corporate-bond lending channel. Fedâ s large-scale asset purchases of MBS and treasuries through QE creates a vacuum of safe assets, prompting safer firms ...
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