Quantitative easing : the great central bank experiment / Jonathan Ashworth
Ashworth, Jonathan
Quantitative easing : the great central bank experiment / Jonathan Ashworth - Newcastle upon Tyne : Agenda Publishing, 2020 - XVI, 176 p. : il. ; 24 cm - Finance matters .
Bibliografía: p. 159-172. -- Índice
Before the great financial crisis of 2008-09, significant reductions in official interest rates typically proved sufficient to generate sustainable economic recoveries from downturns. However, with economies and financial markets in freefall during the crisis despite a cut in interest rates to effectively zero, policymakers in some advanced economies launched a major new tool called quantitative easing (QE). This involved central banks purchasing huge amounts of financial assets. This book offers a thorough and perspicacious analysis of QE, which has become a recovery method of last resort. Whilst it was successful in averting another great depression and stimulating growth it remains controversial and continues to promote widespread debate in economics, financial, and political-economy circles. This book is essential reading for anyone wishing to understand central banking in the national economy
9781788212229
Bancos centrales
Política monetaria
Crisis económicas
Crisis financieras
332.112
Quantitative easing : the great central bank experiment / Jonathan Ashworth - Newcastle upon Tyne : Agenda Publishing, 2020 - XVI, 176 p. : il. ; 24 cm - Finance matters .
Bibliografía: p. 159-172. -- Índice
Before the great financial crisis of 2008-09, significant reductions in official interest rates typically proved sufficient to generate sustainable economic recoveries from downturns. However, with economies and financial markets in freefall during the crisis despite a cut in interest rates to effectively zero, policymakers in some advanced economies launched a major new tool called quantitative easing (QE). This involved central banks purchasing huge amounts of financial assets. This book offers a thorough and perspicacious analysis of QE, which has become a recovery method of last resort. Whilst it was successful in averting another great depression and stimulating growth it remains controversial and continues to promote widespread debate in economics, financial, and political-economy circles. This book is essential reading for anyone wishing to understand central banking in the national economy
9781788212229
Bancos centrales
Política monetaria
Crisis económicas
Crisis financieras
332.112