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European Archive for Economics and Development Research

Vol. 1 No. 1 (2025): Special Issue
European Archive for Economics and Development Research

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

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

Published 30-05-2025

Keywords

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

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

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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