Monetary policy News
Abheek Barua & Shivom Chakravarti: Central banks to the rescue?
The demands on global monetary policy and the role of central banks have changed quite dramatically since the onset of the financial crisis in 2008. Central banks have gone beyond their main remit of ensuring price stability to supporting the banking sector and relieving sovereign debt problems. The most recent example is the European Central Bank's two long-term refinancing operations (LTROs) that
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