Weak banks undermined first round of QE – BoE paper

bank-of-england

The weakness of the UK banking sector post-2009 undermined the Bank of England’s first round of quantitative easing in 2009, research published by the BoE finds.

Simone Giansante, Mahmoud Fatouh and Steven Ongena make use of confidential data on UK banks to assess the difference between those that participated in QE and those that did not.

They find that rather than increasing lending, banks that benefitted from QE tended to shift the composition of their assets towards central bank reserves

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 [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

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 here: