--quantitative easing is unconventioanl monetary policy when traditional monetary policy is no longer powerful
--US policy is pormoting a policy between quantitative easing, lending money to buy Treasury to lower intereset rates, and credit easing, lending money to buy private debt assets
--Eurozone is more relying on bank credit not capital market.
--Eurozone lack the central Treasury to issue money and fill up the loss, no clear guidance which sectors or companies they should focus
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