Accommodative monetary policies and financial intermediation processes

Paolo Agnese and Antonio Fasano
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Paolo Agnese: Luiss Guido Carli
Antonio Fasano: Università di Salerno e Luiss Casmef

BANCARIA, 2017, vol. 11, 48-55

Abstract: The severe tensions in the financial markets since August 2007 needed extraordinary measures by monetary policy makers all over the world, which have gone beyond zero lower bound (Zlb) and have adopted unconventional monetary policies, primarily by purchasing medium and long-term financial assets. We analyze unconventional policy actions adopted by the ECB, the contribution to intermediation processes and their impacts on bank credit

JEL-codes: E52 E58 G21 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:ban:bancar:v:11:y:2017:m:november:p:48-55

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