Lending operations: Difference between revisions
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''Central banks - monetary policy - unconventional monetary policy''. | ''Central banks - monetary policy - unconventional monetary policy''. | ||
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In response to the Global Financial Crisis central banks expanded their liquidity facilities to commercial banks. | In response to the Global Financial Crisis central banks expanded their liquidity facilities to commercial banks. | ||
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''Source: 'Unconventional monetary policy tools: a cross country analysis'. Committee on the Global Financial System. October 2019'' | |||
Latest revision as of 11:44, 14 January 2021
Central banks - monetary policy - unconventional monetary policy.
(LOs).
In response to the Global Financial Crisis central banks expanded their liquidity facilities to commercial banks.
This expansion included:
- Extending the maturity of lending operations
- Expanding the set of eligible collateral and the set of counterparties
- Imposing conditions on loans, such as bank lending to non-financial private firms.
Source: 'Unconventional monetary policy tools: a cross country analysis'. Committee on the Global Financial System. October 2019
