Conventional and Unconventional Weapons in a Central Bank’s Arsenal

Dimitris N. Chorafas

Chapter 5 in Sovereign Debt Crisis, 2011, pp 79-98 from Palgrave Macmillan

Abstract: Abstract Souk is an Arab word with a double meaning: it means market; but also confusion, chaos, instability. Inherent to this second definition are a significant number of unknown factors and doubtful outcomes – which evidently represent risk; and they can reach critical proportions when market confidence wanes which, quite evidently, does not happen just by accident.

Keywords: Interest Rate; Monetary Policy; Central Bank; Fiscal Policy; Balance Sheet (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-0-230-30712-4_5

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DOI: 10.1057/9780230307124_5

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