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Federal Reserve Bank of Chicago
Profitwise
The asset-backed securities markets, the crisis, and TALF
Sumit Agarwal
Jacqueline Barrett
Mariacristina De Nardi
Abstract

Credit performs the essential function of moving funds from the savers who want to lend to the investors and consumers who wish to borrow. Under ideal conditions, this process ensures that funds are invested by the most skilled and productive individuals, thus improving efficiency and stimulating growth, and that consumers can get funds when they need them the most to satisfy their consumption needs.


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Sumit Agarwal & Jacqueline Barrett & Mariacristina De Nardi, "The asset-backed securities markets, the crisis, and TALF" , Federal Reserve Bank of Chicago, Profitwise, issue Apr, pages 8-18, 2011.
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Keywords: Asset-backed financing ; Mortgage-backed securities ; Mortgages
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