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Accommodative monetary policies and financial intermediation processes

Author

Listed:
  • Paolo Agnese

    (Luiss Guido Carli)

  • Antonio Fasano

    (Università di Salerno e Luiss Casmef)

Abstract

The severe tensions in the financial markets since August 2007 needed extraordinary measures by monetary policy makers all over the world, which have gone beyond zero lower bound (Zlb) and have adopted unconventional monetary policies, primarily by purchasing medium and long-term financial assets. We analyze unconventional policy actions adopted by the ECB, the contribution to intermediation processes and their impacts on bank credit

Suggested Citation

  • Paolo Agnese & Antonio Fasano, 2017. "Accommodative monetary policies and financial intermediation processes," BANCARIA, Bancaria Editrice, vol. 11, pages 48-55, November.
  • Handle: RePEc:ban:bancar:v:11:y:2017:m:november:p:48-55
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    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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