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  3. American Economic Review
  4. May 2007
  5. Systemic Illiquidity in the Federal Funds Market

American Economic Review

ISSN 0002-8282 (Print) | ISSN 1944-7981 (Online)

Systemic Illiquidity in the Federal Funds Market

  • Adam B. Ashcraft
  • Darrell Duffie
American Economic Review
vol. 97, no. 2, May 2007
(pp. 221–225)
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Citation

Ashcraft, Adam, B., and Darrell Duffie. 2007. "Systemic Illiquidity in the Federal Funds Market." American Economic Review 97 (2): 221–225. DOI: 10.1257/aer.97.2.221

JEL Classification

  • E43 Interest Rates: Determination, Term Structure, and Effects
  • G12 Asset Pricing; Trading Volume; Bond Interest Rates
  • G21 Banks; Depository Institutions; Micro Finance Institutions; Mortgages