IS QUANTITATIVE EASINGA N APPROPRIATE WAYF ORT HESUCCESSO F MONETARY POLICYI NA POST - CRISIS PERIOD?

Global Economic Observer

PETRE PRISECARU¹ 

[1] PhD., Senior ResearcherInstitute of World Economy Romanian Academy, ROMANIA;

关键词: monetary policy;    financial crisis;    interest rate;    bond;    financial asset;    money supply;    credit;   

DOI  :  

来源: DOAJ

【 摘 要 】

Quantitative easing is an unorthodox monetary policy focused on buying large quantities of bonds,mainly government bonds, by central bank in order to increase the reserves of commercial banks and thus tosupport private bank lending. It first started in Japan 14 year ago and this country experienced 3 rounds of QE with limitedsuccess. ,A fter that it spread in USA and UK with a certain degree ofsuccess and finally it wasadopted by ECB in March 2015. Although huge amounts of money were injected in the banksit is difficult toassess to what extentliquidity trapwas overcome and economic recovery after the recent crisis was helped. The opinions of different financialanalysts and technocrats are divided and their arguments are not based onserious analyses using reliable st atistical data and clearscientific evidence.

【 授权许可】

Unknown