Current Scholarship
Unconventional central banking and the politics of liquidity

Fathimath Musthaq

The 2008 financial crisis saw central banks introduce a variety of tools to shore up the financial system, including unconventional measures that made use of central bank balance sheets to directly shape markets. This paper argues that central banks increasingly rely on unconventional tools in noncrisis times to maintain confidence in an unstable financial system.
More Current Scholarship
Unconventional central banking and the politics of liquidity