Mutations at the Level of the Measures Adopted by Monetary Authorities
Following the intensification of the international financial crisis in autumn 2008, the functioning of the financial system was seriously hindered. Central banks around the world responded firmly by lowering their key interest rates to historically low levels. As financial conditions did not improve as hoped and the real economy was still unstable, revealing therefore the limits of mainstream monetary policy, many monetary authorities employed several unconventional measures. The scope of this paper is to investigate two important approaches of classifying “unorthodox” monetary policies and review several measures undertook by central banks, highlighting the impact and some of the possible risks to the contemporary economy
Volume (Year): (2012)
Issue (Month): 2 ()
|Contact details of provider:|| Postal: No. 59-61, Nicolae Balcescu Street, Postal Code 800008, Galati|
Phone: (0040) 336.130.242
Fax: (0040) 336.130.242
Web page: http://www.feaa.ugal.ro
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- John B Taylor, 2009.
"The Need to Return to a Monetary Framework,"
Palgrave Macmillan;National Association for Business Economics, vol. 44(2), pages 63-72.
- John Taylor, 2009. "The Need to Return to a Monetary Framework," Discussion Papers 08-020, Stanford Institute for Economic Policy Research.
- Mark M. Spiegel, 2001. "Quantitative easing by the Bank of Japan," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, issue nov2.
- Claudio Borio, 2008. "The financial turmoil of 2007-?: a preliminary assessment and some policy considerations," BIS Working Papers 251, Bank for International Settlements.
- Marvin Goodfriend, 2000. "Overcoming the zero bound on interest rate policy," Conference Series ; [Proceedings], Federal Reserve Bank of Boston, pages 1007-1057.
When requesting a correction, please mention this item's handle: RePEc:ddj:fseeai:y:2012:i:2:p:53-60. 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: (Gianina Mihai)
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.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with 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 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.