Bernanke essays on the great depression pdf

Many of these actions were taken under Section 13(3) of the Federal Reserve Act, which at that time authorized lending to individuals, partnerships, and corporations in “unusual and exigent” circumstances and subject to other restrictions. After the amendments to Section 13(3) made by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, Federal Reserve lending under Section 13(3) is permitted only to participants in a program or facility with “broad based eligibility,” with prior approval of the secretary of the treasury, and when several other conditions are met.

Bernanke essays on the great depression pdf

bernanke essays on the great depression pdf

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bernanke essays on the great depression pdfbernanke essays on the great depression pdfbernanke essays on the great depression pdfbernanke essays on the great depression pdf