Haku
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On the merits of calendar-based forward guidance
(07.09.2015)
Bank of Finland Bulletin. Blog
Bank of Finland Bulletin. Blog
The existence of a lower bound for nominal interest rates complicates the monetary policy. Central banks have lately tried to circumvent this problem by applying non-standard monetary policy measures.
Emergency liquidity assistance is based on the criteria of solvency, eligibility of collateral and monetary policy objectives
(09.07.2015)
Bank of Finland Bulletin. Blog
Bank of Finland Bulletin. Blog
In exceptional circumstances, Eurosystem central banks can also grant credit to banks outside monetary policy operations.