Work

Bankers’ Banks and their Role in the Federal Funds Market

Year: 2026

Type: article

Abstract: The Global Financial Crisis (GFC) and the Federal Reserve's (Fed) large-scale asset purchases fundamentally reshaped the U.S. monetary policy implementation framework. Before 2008, the Fed operated under a scarce-reserves regime, steering the federal funds rate through daily open market operations.

Source: FEDS Notes

DOI: 10.17016/2380-7172.3969

Authors: Sriya Anbil, Alyssa G. Anderson, Benjamin Eyal

Institutions: Federal Reserve, Federal Reserve Board of Governors

Language: English

Topic: Monetary Policy and Economic Impact

Subfield: General Economics, Econometrics and Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: hybrid

OpenAlex ID: W7127053405

FWCI:

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