Central banks - monetary policy - unconventional monetary policy.
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