BIS studies highlight limits to unconventional policy

The Bank for International Settlements, Basel
The Bank for International Settlements, Basel
Photo: Ulrich Roth

Unconventional policies have broadly succeeded in their aims, but there is a cost in terms of spillovers and other unintended consequences, two reports published by the Bank for International Settlements find.

The reports mark the culmination of a major effort to gather – and reconcile – the views of a wide range of central bankers, academics and market participants. One report by the Committee on the Global Financial System (CGFS) weighs a selection of key unconventional policies, while a

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