Academic Journals Database
Disseminating quality controlled scientific knowledge

Amplification Effects and Unconventional Monetary Policies

ADD TO MY LIST
 
Author(s): Cécile BASTIDON GILLES | Nicolas HUCHET | Philippe GILLES

Journal: Theoretical and Applied Economics
ISSN 1841-8678

Volume: 2(567);
Issue: 2(567);
Start page: 13;
Date: 2012;
VIEW PDF   PDF DOWNLOAD PDF   Download PDF Original page

Keywords: unconventional monetary policies | amplification effects | central banking | crisis management.

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.
Save time & money - Smart Internet Solutions     

Tango Rapperswil
Tango Rapperswil