implemented a unconventional monetary policy these years,the quantitive easing, due to the worldwide financial crisis, as the the downhill and recession of the economy and the investments. The short term interests rate cannot be lowered because it is close to zero therefore the general monetary policies has become inefficient. The standard monetary policy is to manipulate the money supply in order to increase or decrease the market interets rate. During the downturn of the business, the central banks will…
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