Mutations at the Level of the Measures Adopted by Monetary Authorities

Mutations at the Level of the Measures Adopted by Monetary Authorities

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Following the intensification of the international financial crisis in autumn 2008 the functioning of the financial system was seriously hindered. Central banks around the world responded firmly by lowering their key interest rates to historically low levels. As financial conditions didn’t improve a...

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Bibliographic Details
Main Authors: Marius Constantin APOSTOAIE, Stefan MATEI
Format: Article
Language:English
Published: Dunarea de Jos University of Galati 2011-11-01
Series:Risk in Contemporary Economy
Subjects:
central banks
unconventional monetary policy
interest rate policy
balance sheet policy
mutations
FED
ECB
Bank of England
Online Access:http://www.rce.feaa.ugal.ro/sites/default/files/MCApostoaie_SMatei.pdf
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spelling doaj-22bcb58f9987418e9bcac8d938fb6a562020-11-25T01:24:19ZengDunarea de Jos University of Galati Risk in Contemporary Economy2067-05322011-11-011349357Mutations at the Level of the Measures Adopted by Monetary AuthoritiesMarius Constantin APOSTOAIEStefan MATEIFollowing the intensification of the international financial crisis in autumn 2008 the functioning of the financial system was seriously hindered. Central banks around the world responded firmly by lowering their key interest rates to historically low levels. As financial conditions didn’t improve as hoped and the real economy was still unstable, revealing therefore the limits of mainstream monetary policy, many monetary authorities employed several unconventional measures. This study documents two important approaches of classifying “unorthodox” monetary policies and reviews several measures undertook by central banks highlighting the impact and some of the possible risks to the contemporary economy.http://www.rce.feaa.ugal.ro/sites/default/files/MCApostoaie_SMatei.pdfcentral banksunconventional monetary policyinterest rate policybalance sheet policymutationsFEDECBBank of England
collection DOAJ
language English
format Article
sources DOAJ
author Marius Constantin APOSTOAIE
Stefan MATEI
spellingShingle Marius Constantin APOSTOAIE
Stefan MATEI
Mutations at the Level of the Measures Adopted by Monetary Authorities
Risk in Contemporary Economy
central banks
unconventional monetary policy
interest rate policy
balance sheet policy
mutations
FED
ECB
Bank of England
author_facet Marius Constantin APOSTOAIE
Stefan MATEI
author_sort Marius Constantin APOSTOAIE
title Mutations at the Level of the Measures Adopted by Monetary Authorities
title_short Mutations at the Level of the Measures Adopted by Monetary Authorities
title_full Mutations at the Level of the Measures Adopted by Monetary Authorities
title_fullStr Mutations at the Level of the Measures Adopted by Monetary Authorities
title_full_unstemmed Mutations at the Level of the Measures Adopted by Monetary Authorities
title_sort mutations at the level of the measures adopted by monetary authorities
publisher Dunarea de Jos University of Galati
series Risk in Contemporary Economy
issn 2067-0532
publishDate 2011-11-01
description Following the intensification of the international financial crisis in autumn 2008 the functioning of the financial system was seriously hindered. Central banks around the world responded firmly by lowering their key interest rates to historically low levels. As financial conditions didn’t improve as hoped and the real economy was still unstable, revealing therefore the limits of mainstream monetary policy, many monetary authorities employed several unconventional measures. This study documents two important approaches of classifying “unorthodox” monetary policies and reviews several measures undertook by central banks highlighting the impact and some of the possible risks to the contemporary economy.
topic central banks
unconventional monetary policy
interest rate policy
balance sheet policy
mutations
FED
ECB
Bank of England
url http://www.rce.feaa.ugal.ro/sites/default/files/MCApostoaie_SMatei.pdf
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