![What is the repo market, and why does it matter?](/summary-img/38767-K60VEUP4.jpg?h=M&b=0)
Read offline
automatisch generiertes Audio
1×
Melden Sie sich an, um die Audiozusammenfassung anzuhören.
automatisch generiertes Audio
Recommendation
Early in 2020, repurchase agreements, or repos, were getting a great deal of attention from financial professionals and markets. In this accessible overview, experts Jeffrey Cheng and David Wessel tell you why you need to know about this mechanism for financial stability. The authors explain how financial institutions rely on repos to manage their cash and how the Federal Reserve uses them to conduct monetary policy, particularly since the 2008 financial crisis.
Summary
About the Authors
Jeffrey Cheng is a researcher with the Brookings Institution’s Hutchins Center on Fiscal and Monetary Policy, headed by David Wessel.
By the same authors
Report
Learners who read this summary also read
Article
Comment on this summary or Diskussion beginnen