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Institutional features of the UK monetary policy in the current crisis

Institutional features of the UK monetary policy in the current crisis

Journal of Economic Regulation, , Vol. 5 (no. 4),
p. 118-125

Modern financial crisis has shown the ineffectiveness of the traditional measures of monetary policy. This prompted the Bank of England, like many Central Bank move to use unconventional measures of monetary policy. In the paper the classification and comparison of different programs unconventional policy used by the Bank of England at different stages of the crisis. The analysis showed that, overall, his actions were similar to the actions of major central banks, due to the similarity of the problems encountered leading economies during the crisis. At the same time, implementing the strategy, similar strategies leading CB, the Bank of England to apply measures caused by institutional features of the UK financial market. This conclusion is also supported by the work carried out by comparing the actions of the Bank of England and the Federal Reserve to achieve the same goals: increasing liquidity in the economy and the impact on long-term interest rate.


Keywords: institutional factors; unconventional monetary policy; the monetary policy of the Bank of England

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Publisher: Ltd. "Humanitarian perspectives"
Founder: Southern Federal University
ISSN: 2078-5429