Economics, Econometrics and Finance
4 years ago

Denmark's Loan Bills Boost Liquidity During Global Financial Crisis.

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The Journal of Financial Crises
Denmark's Loan Bills Temporary Credit Facility (Denmark GFC)
Keni Sabath

Paper Summary

Denmark's Loan Bills Temporary Credit Facility was set up to help banks lend money to each other during the Global Financial Crisis. Banks could use loan bills as collateral to borrow money from Denmark's central bank. This program aimed to improve money market liquidity, but it wasn't widely used. The credit facility for loan bills ended in 2011.

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