Balance Sheet Policy of Central Banks in the Conditions of the Exit Strategy of Central Bank
The study identifies the balance sheet policy of central banks differentiating it from quantitative easing policy. Additionally, the study analyses various types of quantitative easing depicting their balance sheet effects. Changes in volumes and structures of the biggest central banks are analysed...
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| Format: | Article |
| Language: | English |
| Published: |
Sciendo
2015-07-01
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| Series: | Journal of Economics and Management |
| Subjects: | |
| Online Access: | https://www.ue.katowice.pl/fileadmin/user_upload/wydawnictwo/JEM_Artyku%C5%82y_1_30/JEM_21/08.pdf |
| _version_ | 1818749200849960960 |
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| author | Irena Pyka |
| author_facet | Irena Pyka |
| author_sort | Irena Pyka |
| collection | DOAJ |
| description | The study identifies the balance sheet policy of central banks differentiating it from quantitative easing policy. Additionally, the study analyses various types of quantitative easing depicting their balance sheet effects. Changes in volumes and structures of the biggest central banks are analysed on the example of quantitative easing programs applied by the Fed and ECB. A basic and direct purpose of this study refers to the specification of reasons for central banks' maintaining the balance sheet policy and the assessment of its outcomes from the perspective of the exit strategy adopted by central banks. |
| first_indexed | 2024-12-18T04:00:00Z |
| format | Article |
| id | doaj.art-fd0e89e04ec54b609db181cd2d7d12c3 |
| institution | Directory Open Access Journal |
| issn | 1732-1948 |
| language | English |
| last_indexed | 2024-12-18T04:00:00Z |
| publishDate | 2015-07-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Journal of Economics and Management |
| spelling | doaj.art-fd0e89e04ec54b609db181cd2d7d12c32022-12-21T21:21:43ZengSciendoJournal of Economics and Management1732-19482015-07-0121110127Balance Sheet Policy of Central Banks in the Conditions of the Exit Strategy of Central BankIrena Pyka0University of Economics in Katowice, PolandThe study identifies the balance sheet policy of central banks differentiating it from quantitative easing policy. Additionally, the study analyses various types of quantitative easing depicting their balance sheet effects. Changes in volumes and structures of the biggest central banks are analysed on the example of quantitative easing programs applied by the Fed and ECB. A basic and direct purpose of this study refers to the specification of reasons for central banks' maintaining the balance sheet policy and the assessment of its outcomes from the perspective of the exit strategy adopted by central banks.https://www.ue.katowice.pl/fileadmin/user_upload/wydawnictwo/JEM_Artyku%C5%82y_1_30/JEM_21/08.pdfCentral banksMonetary Policy of the ECBBalance sheets policyBank reserves |
| spellingShingle | Irena Pyka Balance Sheet Policy of Central Banks in the Conditions of the Exit Strategy of Central Bank Journal of Economics and Management Central banks Monetary Policy of the ECB Balance sheets policy Bank reserves |
| title | Balance Sheet Policy of Central Banks in the Conditions of the Exit Strategy of Central Bank |
| title_full | Balance Sheet Policy of Central Banks in the Conditions of the Exit Strategy of Central Bank |
| title_fullStr | Balance Sheet Policy of Central Banks in the Conditions of the Exit Strategy of Central Bank |
| title_full_unstemmed | Balance Sheet Policy of Central Banks in the Conditions of the Exit Strategy of Central Bank |
| title_short | Balance Sheet Policy of Central Banks in the Conditions of the Exit Strategy of Central Bank |
| title_sort | balance sheet policy of central banks in the conditions of the exit strategy of central bank |
| topic | Central banks Monetary Policy of the ECB Balance sheets policy Bank reserves |
| url | https://www.ue.katowice.pl/fileadmin/user_upload/wydawnictwo/JEM_Artyku%C5%82y_1_30/JEM_21/08.pdf |
| work_keys_str_mv | AT irenapyka balancesheetpolicyofcentralbanksintheconditionsoftheexitstrategyofcentralbank |