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Archive » July / August 2012 » Ecb new policy and instruments in the years of the crisis

Ecb new policy and instruments in the years of the crisis

Alberto Banfi, Fiorenzo Di Pasquali
July / August 2012 - n°7
Jel codes: G01, E42, E58

In times of extraordinary financial markets tensions, the Ecb can make use of unconventional monetary policy that are by definition exceptional and temporary in nature. These measures aim to preserve credit flows to the euro area economy and to introduce new liquidity management instruments

 

 

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