Swiss Economicblogs.org
The BIS has issued two reports that assess the implications of unconventional monetary policies. The report prepared by the Committee on the Global Financial System discusses … a number of unconventional monetary policy tools (UMPTs). After a decade of experience with UMPTs the report takes stock of central banks’ experience and draws some lessons for the future. The report focuses on four sets of tools: negative interest rate policies, new central bank lending operations, asset purchase...
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