The reluctance to borrow from the Fed

Craig Furfine*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

22 Scopus citations

Abstract

Banks prefer borrowing in the federal funds market, even when the Fed offers a confidential, guilt-free, and less expensive alternative. This suggests that commercial banks deliberately avoid borrowing from the central bank.

Original languageEnglish (US)
Pages (from-to)209-213
Number of pages5
JournalEconomics Letters
Volume72
Issue number2
DOIs
StatePublished - Aug 1 2001

Keywords

  • Discount window
  • E52
  • E58
  • Federal funds market
  • G21
  • Special lending facility

ASJC Scopus subject areas

  • Economics and Econometrics
  • Finance

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