Central bank liquidity facilities around the world
A core task of central banks is to provide liquidity to banks, with the goal of facilitating monetary policy implementation, ensuring the smooth functioning of the payment system, and promoting financial stability. While central banks around the world pursue these goals, the design of liquidity facilities differs across countries. This note provides an overview of liquidity facilities around the world that resemble the Federal Reserve’s discount window as well as intraday credit, comparing and contrasting setups in different countries.
Authors
- Elizabeth Klee
- Alexandros Vardoulakis (ORCID: https://orcid.org/0000-0003-0048-1791)
- R. Matthew Darst (ORCID: https://orcid.org/0000-0002-7284-5884)
- Mary-Frances Styczynski
- Benjamin Malin (ORCID: https://orcid.org/0000-0001-7359-4055)
- David M. Arseneau
- Mark A. Carlson (ORCID: https://orcid.org/0000-0002-9261-9702)
- Kathryn Chen
- Friederike Niepmann (ORCID: https://orcid.org/0000-0002-9454-7431)
- Melissa Vanouse
- Dylan Kirkeeng
- Matt Malloy
- Emilie O’Malley
Institutions
- Federal Reserve (US)
- Federal Reserve Board of Governors (US)
Publication Details
- Journal
- FEDS Notes
- Published
- 2025-02-01
- DOI
- https://doi.org/10.17016/2380-7172.3740
- Primary Topic
- Global Financial Crisis and Policies
- Type
- article
- Field-Weighted Citation Impact
- 0.00