The Fed Created the Repo Market, then Ignored it [Ep. 273, Eurodollar University]
Today the repurchase agreement is the backstop, the ‘lender of last resort’, for the global monetary system. Over a century ago it was the Federal Reserve that created the repo market. But funnily enough, since its creation they have largely ignored it. ****SPONSOR**** Purchase shares in great masterpieces from artists like Pablo Picasso, Banksy, Andy […]
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