Lorenzo Bini Smaghi: Conventional and unconventional monetary policy
نویسنده
چکیده
This topic has not featured prominently in the speeches given by central bankers in recent decades. But the escalating financial crisis since last autumn has pushed the theme to centre stage. Central banks throughout the world have been responding to the crisis by taking both conventional and unconventional policy measures. It is important to have a good understanding of the unconventional policies and how they differ from the conventional ones.
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