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Bank of Canada RSS Feedsen2024-03-28T23:10:07+00:00Rediscounting Under Aggregate Risk with Moral Hazard
https://www.bankofcanada.ca/2007/10/working-paper-2007-51/
Freeman (1999) proposes a model in which discount window lending and open market operations have different effects. This is important because in most of the literature, these policies are indistinguishable.2007-10-03T12:56:00+00:00enRediscounting Under Aggregate Risk with Moral Hazard2007-10-03Central bank researchFinancial marketsPayment clearing and settlement systemsWorking Paper 2007-51 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp07-51.pdfRediscounting Under Aggregate Risk with Moral HazardJames ChapmanAntoine MartinOctober 2007EE5E58GG2G20