The Financial Consequences Of Adopting An Unconventional Monetary Policy: The Case Of The Euro Area

Abstract

Unconventional monetary policies are measures implemented by central banks to stem financial and banking crises. The objective of adopting unconventional monetary policies is to make up for the failure and inadequacies of conventional monetary policies, by exercising control over the money supply, interest rates, market liquidity and economic growth. The purpose of this article is to analyze the financial consequences of adopting an unconventional monetary policy.