The impact of unconventional monetary policy measures by the systemic four on global liquidity and monetary conditions /

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Bibliographic Details
Author / Creator:Korniyenko, Yevgeniya, (IMF staff), author.
Imprint:[Washington, D.C.] : International Monetary Fund, ©2015.
Description:1 online resource (48 pages) : color illustrations.
Language:English
Series:IMF working paper, 1018-5941 ; WP/15/287
IMF working paper ; WP/15/287.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12505665
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Other authors / contributors:Loukoianova, Elena, (IMFstaff), author.
International Monetary Fund. Statistics Department.
ISBN:1513589849
9781513589848
9781513589848
1616359617
9781616359614
1513519581
9781513519586
Notes:"December 2015."
"Statistics Department."
Includes bibliographical references (pages 43-48).
Online resource; title from pdf title page (IMF.org Web site, viewed January 4, 2016).
Summary:The paper examines the impact of unconventional monetary policy measures (UMPMs) implemented since 2008 in the United States, the United Kingdom, Euro area and Japan--- the Systemic Four---on global monetary and liquidity conditions. Overall, the results show positive significant relationships. However, there are differences in the impact of the UMPMs of individual S4 countries on these conditions in other countries. UMPMs of the Bank of Japan have positive association with global liquidity but negative association with securities issuance. The quantitative easing (QE) of the Bank of England has the opposite association. Results for the quantitative easing measures of the United States Federal Reserve System (U.S. Fed) and the ECB UMPMs are more mixed.--Abstract.
Other form:Print Version: Korniyenko, Yevgeniya. Impact of Unconventional Monetary Policy Measures by the Systemic Four on Global Liquidity and Monetary Conditions. Washington, D.C. : International Monetary Fund, 2015 9781513589848
Standard no.:10.5089/9781513589848.001