IDEAS home Printed from https://ideas.repec.org/a/agr/journl/v2(567)y2012i2(567)p13-30.html
   My bibliography  Save this article

Amplification Effects and Unconventional Monetary Policies

Author

Listed:
  • Cécile BASTIDON GILLES

    (Université du Sud-Toulon Var, France)

  • Nicolas HUCHET

    (Université du Sud-Toulon Var, France)

  • Philippe GILLES

    (Université du Sud-Toulon Var, France)

Abstract

Global financial crises trigger off amplification effects, which allow relatively small shocks to propagate through the whole financial system. For this reason, the range of Central banks policies is now widening beyond conventional monetary policies and lending of last resort. The aim of this paper is to establish a rule for this practice. The model is based on the formalization of funding conditions in various types of markets. We conduct a comprehensive analysis of the “unconventional monetary policies”, and especially quantify government bonds purchases by the Central bank.

Suggested Citation

  • Cécile BASTIDON GILLES & Nicolas HUCHET & Philippe GILLES, 2012. "Amplification Effects and Unconventional Monetary Policies," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(2(567)), pages 13-30, February.
  • Handle: RePEc:agr:journl:v:2(567):y:2012:i:2(567):p:13-30
    as

    Download full text from publisher

    File URL: http://store.ectap.ro/articole/685.pdf
    Download Restriction: no

    File URL: http://www.ectap.ro/articol.php?id=685&rid=83
    Download Restriction: no

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Philippe Gilles, 2013. "Guest Editor Introduction: European Debt Crisis," The Journal of European Theoretical and Applied Studies, The Center for European Studies at Kirklareli University - Turkey, vol. 1(1), pages 1-10.
    2. Cécile Bastidon, 2013. "Un modèle théorique d'intermédiation : transmission et gestion des chocs," Post-Print hal-00806524, HAL.
    3. Cécile Bastidon & Philippe Gilles & Nicolas Huchet, 2016. "The ECB, Between Conservatism and Pragmatism," Journal of Central Banking Theory and Practice, Central bank of Montenegro, pages 25-52.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:agr:journl:v:2(567):y:2012:i:2(567):p:13-30. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Marin Dinu). General contact details of provider: http://edirc.repec.org/data/agerrea.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.