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dc.contributor.authorAlonso Álvarez, Irma
dc.date.accessioned2020-12-16T20:13:49Z
dc.date.available2020-12-16T20:13:49Z
dc.date.issued2020-12-16
dc.identifier.urihttps://repositorio.bde.es/handle/123456789/14314
dc.descriptionArtículo de revista
dc.description.abstractThe European Central Bank’s and the Federal Reserve’s announcements of unconventional monetary policies have contributed to significantly reducing market perceptions of the probability of extreme macro-financial events. This phenomenon has arisen in periods of intense market strain, such as the global financial crisis and the current COVID-19 crisis. These measures have served to mitigate the materialisation of extremely unfavourable events through the feedback loop between the financial sector and the real economy and to ensure adequate monetary policy transmission.
dc.format.extent10 p.
dc.language.isoeng
dc.publisherBanco de España
dc.relation.ispartofEconomic bulletin / Banco de España. Analytical articles
dc.relation.ispartofEconomic bulletin / Banco de España [Artículos], n. 4, 2020
dc.relation.hasversionVersión en español 123456789/14315
dc.rightsReconocimiento-NoComercial-CompartirIgual 4.0 Internacional (CC BY-NC-SA 4.0)
dc.rightsIn Copyright - Non Commercial Use Permitted
dc.rights.urihttps://creativecommons.org/licenses/by-nc-sa/4.0/deed.es_ES
dc.rights.urihttp://rightsstatements.org/vocab/InC-NC/1.0/
dc.subjectUnconventional monetary policy
dc.subjectTail risk
dc.subjectUncertainty
dc.subjectRisk-neutral densities
dc.subjectExtreme events
dc.subjectFinancial analysis
dc.subjectMonetary policy
dc.titleThe impact of unconventional monetary policies on perceptions of extreme events at times of crisis
dc.typeArtículo
dc.identifier.bdebib000470636
dc.identifier.bdepubECBU-2020-4B-art42
dc.subject.bdeBancos centrales : legislación, organización y funciones
dc.subject.bdePolítica monetaria
dc.subject.bdeCrisis bancarias
dc.publisher.bdeMadrid : Banco de España, 2020
dc.subject.jelE44
dc.subject.jelE58
dc.subject.jelG01
dc.subject.jelG10
dc.subject.jelG14
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