Journal Article

Bankers' acceptances: yesterday's instrument to restart today's credit markets?


Abstract: A bankers' acceptance is created when a bank agrees to `accept,' or guarantee, a future payment between two firms.

Keywords: Financial markets; Credit;

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File(s): File format is application/pdf http://research.stlouisfed.org/publications/es/09/ES0905.pdf

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Bibliographic Information

Provider: Federal Reserve Bank of St. Louis

Part of Series: Economic Synopses

Publication Date: 2009

Order Number: 5