Ecb new policy and instruments in the years of the crisis

Alberto Banfi and Fiorenzo Di Pasquali
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Alberto Banfi: Università Cattolica, Milano
Fiorenzo Di Pasquali: Università Cattolica, Milano

BANCARIA, 2012, vol. 07, 89-96

Abstract: In times of extraordinary financial markets tensions, the Ecb can make use of unconventional monetary policy that are by definition exceptional and temporary in nature. These measures aim to preserve credit flows to the euro area economy and to introduce new liquidity management instruments

JEL-codes: E42 E58 G01 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:ban:bancar:v:07:y:2012:m:august:p:89-96

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