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Forthcoming article "What is the Impact of a Major Unconventional Monetary Policy Intervention?" by Carlo Alcaraz, Stijn Claessens, Gabriel Cuadra, David Marques-Ibanez and Horacio Sapriza @eeanews.bsky.social doi.org/10.1093/jeea...
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Abstract. How does the credible announcement of an unconventional monetary policy intervention affect bank lending standards during crises? We use a major
What is the Impact of a Major Unconventional Monetary Policy Intervention?