A global database on central banks' monetary responses to Covid-19

Carlos Cantu Garcia, Paolo Cavallino, Fiorella De Fiore and James Yetman

No 934, BIS Working Papers from Bank for International Settlements

Abstract: The Covid-19 pandemic has been a global shock of unprecedented size that has hit most countries around the world. Central banks have responded quickly, on a massive scale. We present a novel database that provides information on central banks' responses to Covid-19 in 39 economies, including both advanced and emerging market economies. Monetary policy announcements are listed and classified under five types of tools: interest rate measures, reserve policies, lending operations, asset purchase programmes and foreign exchange operations. Within each category, the database provides additional information such as maturity, eligible counterparties, types of assets and the availability of fiscal backup. It also indicates whether the policy tool was newly introduced or had been previously deployed. The database has a companion dashboard to visualise the data graphically.

Keywords: Covid-19 crisis; monetary policy; lending operations; asset purchase programmes; FX policy; reserve policy (search for similar items in EconPapers)
JEL-codes: E43 E44 E52 E58 G01 (search for similar items in EconPapers)
Pages: 26 pages
Date: 2021-03
New Economics Papers: this item is included in nep-cba, nep-ifn, nep-mac and nep-mon
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

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Persistent link: https://EconPapers.repec.org/RePEc:bis:biswps:934

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