Central banks’ pandemic interventions averaged 6% of GDP

Photo: Henrik Gschwindt de Gyor/IMF

New International Monetary Fund research published on June 2 details the scope and management of central bank interventions in the pandemic. The work finds central bank balance sheets grew far more during 2020–21 than during the global financial crisis.

The paper – Quasi-Fiscal Implications of Central Bank Crisis Interventions – examined a sample of 67 central banks. The authors found “the median balance sheet increased by around 6% of GDP during 2020–21”. During the global financial crisis

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account