Revitalizing the Credit Markets

Stefan Fussman -  Flickr

Monetary policy is a lot more interesting than it sounds. Central Banks like the Federal Reserve, the ECB, and the Bank of England have incredible influence in affecting the global economic climate by setting interest rates and establishing programs to revitalize credit markets.

Policymakers have adopted programs like the funding for lending scheme, the term asset-backed securities loan facility, and the targeted long term refinancing operation. Catchy, right? I gave a presentation on this topic while I was studying for my master's degree, which you can read here.