Evaluation of the impact of non-conventional monetary policy instruments on the liquidity of the economy: The ecuadorian experience

Abstract:

The objective of this article is to analyze, compare and evaluate the impact of unconventional monetary policy measures implemented in Ecuador since the beginning of the international financial crisis. These measures are specified in the large-scale expansion of the Central Bank of Ecuador's balance sheet, through the purchase of public and private financial assets, and were introduced due to the impossibility of increasing liquidity in the market. For the purchase of titles, dollars were injected and that way was stimulated.

Año de publicación:

2019

Keywords:

• Deposits
• Monetary policy
• Money supply
• economic growth

Fuente:

scopus