Policy Hub leverages the expertise of Atlanta Fed economists and researchers to address issues of broad policy interest. Our research centers coordinate this work and seek to influence policy discussions. Areas of interest include: forecasting, fiscal policy, macroeconomics (Center for Quantitative Economic Research); financial stability, innovation and regulation (Center for Financial Innovation and Stability); human capital, labor markets, health, and education (Center for Human Capital Studies); and government-sponsored entity reform, mortgage markets, and affordable housing (Center for Housing & Policy).
Standing Repo Facilities, Then and Now
Stephen Quinn, William Roberds, and Charles M. Kahn
Policy Hub no. 1
Should the Federal Open Market Committee set up a standing repo facility? Such a facility would allow banks to sell safe assets to the Fed with the assurance of subsequent repurchase. However, this idea is not new. The Bank of Amsterdam implemented a similar facility in 1683 and operated it for more than a century. The authors describe the Bank of Amsterdam's facility and what lessons it offers today's central banks. https://doi.org/10.29338/ph2020-01