Asset Purchases and Direct Financing: Guiding Principles for Emerging Markets and Developing Economies during COVID-19 and Beyond
Departmental Papers, October 11, 2021
Source details
- Canonical URL
- Asset Purchases and Direct Financing: Guiding Principles for Emerging Markets and Developing Economies during COVID-19 and Beyond
Other formats
Bibliographic details
- Authors: Tobias Adrian, Christopher J. Erceg, Simon T Gray, Ratna Sahay
- Published: October 11, 2021
- Series: Departmental Papers
- DOI: https://doi.org/10.5089/9781513594101.087
Summary
- Many central banks in emerging market and developing economies have used asset purchases to reduce financial stresses during the COVID crisis, and some are doing so to provide macroeconomic stimulus.
- The paper provides guiding principles related to asset purchases and direct financing for these economies during COVID-19 and beyond.
Authors and publication date
- By Tobias Adrian, Christopher J. Erceg, Simon T Gray, Ratna Sahay
- October 11, 2021
Major themes and subject coverage
- Asset and liability management
- Central bank balance sheet
- Central bank policy rate
- Central banks
- Financial services
- Financial statements
- Inflation
- Price stabilization
- Prices
- Public financial management (PFM)
Keywords
- Asset purchases
- central bank asset
- Central bank balance sheet
- Central bank policy rate
- Direct Financing
- Emerging Markets
- Financial statements
- Fiscal Dominance
- Global
- government financing pressure
- IMF library
- Inflation
- overdraft finance
- Price stabilization
- purchase program