Asset Purchases in Emerging Markets: Unconventional Policies, Unconventional Times – World Bank Group

Asset Purchases in Emerging Markets: Unconventional Policies, Unconventional Times – World Bank Group

To stabilize financial markets and support activity in response to the COVID-19 pandemic, many central banks have used asset purchase programs for the first time – in the case of several emerging markets and developing economies ( EMDE). Although these programs appear to have initially helped drive down government bond yields, their broader macroeconomic consequences […]
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