The European Central Bank’s Quantitative Easing-Effects and Impacts
Elmentve itt :
| Szerző: | |
|---|---|
| További közreműködők: | |
| Dokumentumtípus: | Diplomadolgozat |
| Megjelent: |
2019-11-22
|
| Kulcsszavak: | quantitative easing-effects China Policy |
| Online Access: | http://dolgozattar.uni-bge.hu/24983 |
| Kivonat: | The QE strategy has been applied to many countries for coping with their adverse situations since the 2008 global financial crisis. The EU ended its longest period of contraction since the euro was established after the global financial crisis and the debt crisis. Nevertheless, the EU is faced by deflationary risks and economic downturns which are affected by the geopolitical situation and by oil price declines. In January 2015 Japan and the ECB introduced a scale of roughly € 1.1 trillion since implementation of quantitative easing. The ECB has been purchasing government bonds and other securities every quarter since March 2015. So long as it is deemed necessary, the central bank's quantitative easing program will require € 20 billion in asset purchases each month. According to President Mario Draghi, the central bank will also cut its principal deposit rate by 10 basis points to -0.5%, as expected. [1] Nick Kunis, head of research and financial markets at the Dutch bank, said: ‘Although the new asset purchase plan does not have a clear destination, but the scale is small, the impact of these measures on the macro economy is relatively small, we doubt whether this will increase the inflation rate significantly in the next two to three years. Quantitative easing is likely to continue in the foreseeable future and accelerate at some point.’ |
|---|