Home  Journals  Finance and Credit  31(607) - 2014 August

Influence of unconventional programs to support bank liquidity on financial markets

Available online: 13 August 2014

Subject Heading: Banking system

JEL Classification: 

Pages: 43-52

The article notes that traditional measures of monetary and credit regulation in dealing with the global financial crisis were obviously inadequate to the economies of developed countries on a path of sustainable growth. In these circumstances, the central banks of these countries began to widely use unconventional programs to support the liquidity of the banking system, which considerably affected the world financial markets. The author submits an analysis of the impact of these programs on the participants of the financial markets, the most important indicators of the stock and currency market. The author also draws conclusions about the risks of inflation and devaluations race.

Keywords: currency issue, monetary policy, quantitative easing, devaluation, inflation

References:

1. William H. Gross. Money for Nothin’ Writing Checks for Free. PIMCO, Investment Outlook, January, 2013.
2. Anthony Randazzo. How Quantitative Easing Helps the Rich and Soaks the Rest of Us…. Available at: Reason.com.
3. Robert Frank. Does Quantitative Easing Mainly Help the Rich? CNBC Friday, September 14, 2012.
4. Michael Pollaro. Bernanke tells Jacksonville University students QE is not inflationary. Forbes, September 11, 2010.
5. The First U.S. Quantitative Easing: The 1930s. Monetary Trends. Research Division Federal Reserve Bank of St. Louis. July, 2010. Available at: Link.

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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