Unconventional monetary policies, with a focus on quantitative easing
نویسندگان
چکیده
منابع مشابه
Unconventional monetary policies and the credit market
We propose a theoretical model based on the bank lending channel to assess the ability of lending facilities and swap programmes to a¤ect the credit interest rate. The model predicts the success of both unconventional monetary measures in reducing the credit interest rate under very general conditions. The comparison between measures reveals the outperformance of lending facilities over swap pr...
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This paper contributes to the expanding literature on unconventional monetary policies. So far, much of the literature has focused on advanced economies. This may be natural because the United States and the European Union are the sources of the current crisis. However, many emerging markets have also been affected by the current crisis, and their central banks have employed unconventional poli...
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(1) The necessary condition for an economic recovery is the new creation of purchasing power. Non-performing loans form an obstacle to the banks’ ability to create this purchasing power, and this is the root cause of the recession. (2) At the present time the central bank alone is able to increase purchasing power. It is necessary that it engages in open market purchases of assets and active fo...
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entrepreneurship, as one of the factors affecting economic growth, is also considered among the key factors by economic policymakers. however, in examining the issue of entrepreneurship, it should be noted that women’s and men’s entrepreneurship can be considered as two distinct and separate phenomena. therefore, the main objective of this paper is to investigate the relationship between women&...
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ژورنال
عنوان ژورنال: European Journal of Economics and Economic Policies: Intervention
سال: 2018
ISSN: 2052-7764,2052-7772
DOI: 10.4337/ejeep.2018.0037