tag:blogger.com,1999:blog-2277215496195926573.post3035038510758237819..comments2024-01-01T07:41:51.347-08:00Comments on RALPHONOMICS: “Funding for Lending.”Ralph Musgravehttp://www.blogger.com/profile/09443857766263185665noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2277215496195926573.post-20273556000582468482012-07-15T00:11:32.560-07:002012-07-15T00:11:32.560-07:00Thanks for that. I had difficulty downloading the ...Thanks for that. I had difficulty downloading the BoE information on the discount window. Lazy individual that I am, can I pick your brain and ask: what's the rough average amount British banks have borrowed via the discount window over the last year?Ralph Musgravehttps://www.blogger.com/profile/09443857766263185665noreply@blogger.comtag:blogger.com,1999:blog-2277215496195926573.post-91035077426769021662012-07-14T00:39:16.340-07:002012-07-14T00:39:16.340-07:00As fas as I can tell it is a fancy way of increasi...As fas as I can tell it is a fancy way of increasing the Discount Window Facility (collateral upgrade) to four years.<br /><br />You can see the extensive (!) use of the current Discount Window Facility here: http://www.bankofengland.co.uk/markets/Pages/money/dwf/usage.aspx<br /><br />Beyond that I think the 'Funding for Lending' system is a desperate attempt to stop lending *falling* by as much as it otherwise would do. <br /><br />If you read between the lines in the BoE documentation you can see several examples of how banks can make more money by not shrinking lending as much as they had planned.NeilWhttps://www.blogger.com/profile/11565959939525324309noreply@blogger.com