Greenspan put

Definition

The practice of lowering the federal funds rate, the interest rate used by banks to lend funds to each other, in order to mitigate a financial crisis by increasing market liquidity. This practice was originated by former Federal Reserve Chairman Alan Greenspan in response to the stock market crash of 1987.
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
greensheet Grenada Dollar