{
  "title": "Asset Purchases and Direct Financing: Guiding Principles for Emerging Markets and Developing Economies during COVID-19 and Beyond",
  "publication": "Departmental Papers, October 11, 2021",
  "sourceUrl": "https://www.imf.org/en/publications/departmental-papers-policy-papers/issues/2021/10/08/asset-purchases-and-direct-financing-guiding-principles-for-emerging-markets-and-developing-464660",
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  "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.",
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      "heading": "Summary",
      "content": "- 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.\n- The paper provides guiding principles related to asset purchases and direct financing for these economies during COVID-19 and beyond."
    },
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      "heading": "Authors and publication date",
      "content": "- By Tobias Adrian, Christopher J. Erceg, Simon T Gray, Ratna Sahay\n- October 11, 2021"
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      "heading": "Major themes and subject coverage",
      "content": "- Asset and liability management\n- Central bank balance sheet\n- Central bank policy rate\n- Central banks\n- Financial services\n- Financial statements\n- Inflation\n- Price stabilization\n- Prices\n- Public financial management (PFM)"
    },
    {
      "heading": "Keywords",
      "content": "- Asset purchases\n- central bank asset\n- Central bank balance sheet\n- Central bank policy rate\n- Direct Financing\n- Emerging Markets\n- Financial statements\n- Fiscal Dominance\n- Global\n- government financing pressure\n- IMF library\n- Inflation\n- overdraft finance\n- Price stabilization\n- purchase program\n\n---\n\n Content in this bundle\n\n- apdfea\n  - apdfea (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - apdfea (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/departmental-papers-policy-papers/issues/2021/10/08/asset-purchases-and-direct-financing-guiding-principles-for-emerging-markets-and-developing-464660"
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    "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",
    "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.",
    "By Tobias Adrian, Christopher J. Erceg, Simon T Gray, Ratna Sahay",
    "October 11, 2021",
    "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)",
    "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",
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