QE could create balance sheet problems – Irish deputy governor
Eurozone’s asset purchase programme increases interest rate risk for central banks, Donnery and co-authors write
National central banks in the eurozone need to be prepared for the possible effects of the European Central Bank’s (ECB) unconventional monetary policy on their own profits, argues an article in the Central Bank of Ireland’s latest economic review.
The article, ‘Non-standard Monetary Policy Measures and the Balance Sheets of Eurosystem Central Banks’, is co-authored by deputy governor Sharon Donnery, together with David Doran, Ruth Gleeson and Konstantina Carroll.
Non-standard monetary
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