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- Title
The financial market impact of quantitative easing.
- Authors
Joyce, Michael; Lasaosa, Ana; Stevens, Ibrahim; Long, Matthew
- Abstract
The article examines the impact of Bank of England's decision to further ease monetary policy through a programme of assest purchases on financial markets. It asserts that the programme of asset purchases, which is commonly referred to as quantitative easing, will prompt the increase in demand for Great Britain's government gilts that will inflate their prices and lower their yields. It also notes that market functioning may be improved through the presence of a central bank.
- Subjects
UNITED Kingdom; MONETARY policy; BANK of England; FINANCIAL markets; CENTRAL banking industry; GOVERNMENT securities
- Publication
Bank of England Quarterly Bulletin, 2010, Vol 50, Issue 3, p205
- ISSN
0005-5166
- Publication type
Article