Federal Reserve Response to the 2007 Financial Crisis. Monetary Policy Instruments

Bonta (Mitea) Liana-Antonela ()
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Bonta (Mitea) Liana-Antonela: “Babes-Bolyai†University of Cluj-Napoca

Ovidius University Annals, Economic Sciences Series, 2018, vol. XVIII, issue 1, 2-6

Abstract: This paper will present a radiography of the actions taken by the Federal Reserve after thedebut of the subprime crisis. FED's reaction is very important as it served as a model for the othercentral banks, especially for the European Central Bank. The below analysis will show that FED’straditional actions as lender of last resort were not enough and FED had to come up with somenew and unconventional monetary solutions and track their impact on the US economy.

Keywords: FED; crisis; lender of last resort; monetary policy instruments (search for similar items in EconPapers)
JEL-codes: E51 E52 E58 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xviii:y:2018:i:1:p:2-6

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