期刊名称：Annals of the Alexandru Ioan Cuza University - Economics
电子版ISSN：2068-8717
出版年度：2015
卷号：62
期号：3
页码：425-451
DOI：10.1515/aicue-2015-0029
语种：English
出版社：Walter de Gruyter GmbH
摘要：In 2008 the European Central Bank added a new quantitative policy strategy to its traditional control of the interest rates. This new policy, sometimes called “enhanced credit support”, consists of fully satisfying the demand for liquidity of banks, with the European Central Bank deciding only the timing and characteristics of its interventions. This study analyses the market conditions in which these measures have been taken and their consistency with the demand for liquidity by the banking system. Measures in favour of the sovereign debt of PIIGS countries are also considered.
关键词：European Central Bank ; financial crisis ; liquidity supply ; liquidity demand
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