4256204
Monetary Policy
- Central Bank Instruments
- Standing Facilities
- Minimum reserve requirements
- Open Market Ops
- Reverse transaction
- Main Refinancing
- FIne-tunning
- LT refinancing
- Structural Ops
- Reverse transaction
- Standing Facilities
- MP Goals
- Classical
- Price Stability
- Growth
- Low unemployment
- Price Stability
- Newest
- No speculative bubbles
- Nominal GDP
- Credit access SME
- No speculative bubbles
- Classical
- Effects on real economy
- Increase of the stock exchange indexes
- Lower interest rates
- CBs at stake
- Fed LSAP/QE
- ECB APP
- Fed LSAP/QE
- Increase of the stock exchange indexes
- ECB
- Control of systemic banks
- Integration process
- Still lack of coordination
- Control of systemic banks
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