Financial Plumbing and Monetary Policy

Financial Plumbing and Monetary Policy
This paper focuses on how changes in financial plumbing of the markets may impact themonetary policy options as central banks contemplate lift off from zero lower bound (ZLB). Under the proposed regulations, banks will face leverage ratio constraints. As a result of quantitative easing (QE), banks want balance sheet "space" for financial... READ MORE...

Publication date: June 2014
ISBN 9781498367134
$18.00

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