On the Weak Impact of Base Money on Broad Money in the Context of Unconventional Monetary Policy: Euro Area 2008-2024

Authors

  • Carlos Pateiro-Rodriguez University of A Coruna Author
  • Federico Martin-Bermudez University of A Coruna Author
  • Esther Barros-Campello University of A Coruna Author
  • Carlos Pateiro-Lopez University of A Coruna Author

Keywords:

Quantitative easing, base money, broad money, deposit facility, Central Bank

Abstract

In its response to the economic and financial crisis of 2008, the sovereign debt and euro crisis of 2010-2015, and the COVID-19 pandemic of 2020-2023, the European Central Bank (ECB) implemented an unconventional monetary policy aimed at providing liquidity for more than a decade, through a complex set of tools and operations that make up the so-called quantitative easing.

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Published

30-05-2025

Issue

Vol. 1 No. 1 (2025): Special Issue

Section

European Archive for Economics and Development Research

Categories

How to Cite

On the Weak Impact of Base Money on Broad Money in the Context of Unconventional Monetary Policy: Euro Area 2008-2024. (2025). European Archive for Economics and Development Research, 1(1). https://ojs.intellingenuityjournals.com/index.php/eaedr/article/view/11