ECB researchers find evidence for ‘bank liquidity risk channel' for monetary policy
A new paper from researchers at the European Central Bank (ECB) has found that ‘non-standard' measures from the ECB and the Federal Reserve "lowered bank funding volatility", which in turn "increased loan supply" in both the eurozone and the US, "contributing to sustain lending activity".
In their paper, The effectiveness of the non-standard policy measures during the financial crises: the experiences of the Federal Reserve and the European Central Bank, authors Seth Carpenter, Selva Demiralp
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