On the Weak Impact of Base Money on Broad Money in the Context of Unconventional Monetary Policy: Euro Area 2008-2024

Authors

  • Carlos Pateiro-Rodriguez University of A Coruna Author
  • Federico Martin-Bermudez University of A Coruna Author
  • Esther Barros-Campello University of A Coruna Author
  • Carlos Pateiro-Lopez University of A Coruna Author

Keywords:

Quantitative easing, base money, broad money, deposit facility, Central Bank

Abstract

In its response to the economic and financial crisis of 2008, the sovereign debt and euro crisis of 2010-2015, and the COVID-19 pandemic of 2020-2023, the European Central Bank (ECB) implemented an unconventional monetary policy aimed at providing liquidity for more than a decade, through a complex set of tools and operations that make up the so-called quantitative easing.

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Published

30-05-2025

Issue

Vol. 1 No. 1 (2025): Special Issue

Section

European Archive for Economics and Development Research

Categories

How to Cite

Pateiro-Rodriguez, C., Martin-Bermudez, F., Barros-Campello, E., & Pateiro-Lopez, C. (2025). On the Weak Impact of Base Money on Broad Money in the Context of Unconventional Monetary Policy: Euro Area 2008-2024. European Archive for Economics and Development Research, 1(1). https://veridiapub.com/index.php/eaedr/article/view/11