Amplification Effects and Unconventional Monetary Policies
Global financial crises trigger off amplification effects, which allow relatively small shocks to propagate through the whole financial system. For this reason, the range of Central banks policies is now widening beyond conventional monetary policies and lending of last resort. The aim of this paper...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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General Association of Economists from Romania
2012-02-01
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| Series: | Theoretical and Applied Economics |
| Subjects: | |
| Online Access: |
http://store.ectap.ro/articole/685.pdf
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| _version_ | 1818127573375254528 |
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| author | Cécile BASTIDON GILLES Nicolas HUCHET Philippe GILLES |
| author_facet | Cécile BASTIDON GILLES Nicolas HUCHET Philippe GILLES |
| author_sort | Cécile BASTIDON GILLES |
| collection | DOAJ |
| description | Global financial crises trigger off amplification effects, which allow relatively small shocks to propagate through the whole financial system. For this reason, the range of Central banks policies is now widening beyond conventional monetary policies and lending of last resort. The aim of this paper is to establish a rule for this practice. The model is based on the formalization of funding conditions in various types of markets. We conduct a comprehensive analysis of the “unconventional monetary policies”, and especially quantify government bonds purchases by the Central bank. |
| first_indexed | 2024-12-11T07:19:30Z |
| format | Article |
| id | doaj.art-0de31b39bc31498cb08fe05c37a03292 |
| institution | Directory Open Access Journal |
| issn | 1841-8678 1844-0029 |
| language | English |
| last_indexed | 2024-12-11T07:19:30Z |
| publishDate | 2012-02-01 |
| publisher | General Association of Economists from Romania |
| record_format | Article |
| series | Theoretical and Applied Economics |
| spelling | doaj.art-0de31b39bc31498cb08fe05c37a032922022-12-22T01:16:08ZengGeneral Association of Economists from RomaniaTheoretical and Applied Economics1841-86781844-00292012-02-01XIX2133018418678Amplification Effects and Unconventional Monetary PoliciesCécile BASTIDON GILLES0Nicolas HUCHET1Philippe GILLES2 Université du Sud-Toulon Var, France Université du Sud-Toulon Var, France Université du Sud-Toulon Var, France Global financial crises trigger off amplification effects, which allow relatively small shocks to propagate through the whole financial system. For this reason, the range of Central banks policies is now widening beyond conventional monetary policies and lending of last resort. The aim of this paper is to establish a rule for this practice. The model is based on the formalization of funding conditions in various types of markets. We conduct a comprehensive analysis of the “unconventional monetary policies”, and especially quantify government bonds purchases by the Central bank. http://store.ectap.ro/articole/685.pdf unconventional monetary policiesamplification effectscentral bankingcrisis management |
| spellingShingle | Cécile BASTIDON GILLES Nicolas HUCHET Philippe GILLES Amplification Effects and Unconventional Monetary Policies Theoretical and Applied Economics unconventional monetary policies amplification effects central banking crisis management |
| title | Amplification Effects and Unconventional Monetary Policies |
| title_full | Amplification Effects and Unconventional Monetary Policies |
| title_fullStr | Amplification Effects and Unconventional Monetary Policies |
| title_full_unstemmed | Amplification Effects and Unconventional Monetary Policies |
| title_short | Amplification Effects and Unconventional Monetary Policies |
| title_sort | amplification effects and unconventional monetary policies |
| topic | unconventional monetary policies amplification effects central banking crisis management |
| url |
http://store.ectap.ro/articole/685.pdf
|
| work_keys_str_mv | AT cecilebastidongilles amplificationeffectsandunconventionalmonetarypolicies AT nicolashuchet amplificationeffectsandunconventionalmonetarypolicies AT philippegilles amplificationeffectsandunconventionalmonetarypolicies |