The downside of quantitative easing
AbstractCurrent excess reserves could create a massive increase in the money supply if banks significantly increase their lending or investing.
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Bibliographic InfoArticle provided by Federal Reserve Bank of St. Louis in its journal Economic Synopses.
Volume (Year): (2010)
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- Leonardo Gambacorta & Boris Hofmann & Gert Peersman, 2012.
"The Effectiveness of Unconventional Monetary Policy at the Zero Lower Bound: A Cross-Country Analysis,"
BIS Working Papers
384, Bank for International Settlements.
- L. Gambacorta & B. Hofmann & G. Peersman, 2011. "The Effectiveness of Unconventional Monetary Policy at the Zero Lower Bound: A Cross-Country Analysis," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 11/765, Ghent University, Faculty of Economics and Business Administration.
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