| http://www.w3.org/ns/prov#value | - The presence of the TAF lowered the three-month Libor???OIS spread by 50 or 55 basis points during the crisis of 2007???09, according to Wu???s estimates. ???The TAF and other lending facilities established during the crisis were an experiment that proved effective in addressing severe financial turbulence, and similar facilities can be a useful part of the Federal Reserve???s tool kit in the even
|
