Monetary Measures by European Central Bank under Covid Periods

Dr. Naina Hasija

doi:10.31033/ijemr.10.6.18

Dr. Naina Hasija Associate Professor, Department of Commerce, Kalindi College, Delhi University, INDIA

DOI: https://doi.org/10.31033/ijemr.10.6.18

Keywords: COVID-19, ECB, Monetary Policy, Lockdown, Money Supply, Deflation, Inflation

Abstract

To run the euro-region economy easily (saving from the awful impacts of crown), the European Central Bank (ECB) has reported countless measures since the start of the COVID-19 emergency. This reaction has set off apprehensions of a future expansion in swelling. We presume that the measures presented by the ECB during the emergency and the subsequent expansion in the size of its asset report, regardless of whether it were to be lasting, may prompt inflation. Central banks have found a way to keep their economies above water during the COVID-19 lockdowns. In the euro region, the European Central Bank (ECB) has facilitated essentially the states of its renegotiating activities and has reported another resource buy program to guarantee that its financial approach keeps on being very much communicated to all nations of the money related association. The European Central Bank worked by making cash and proficiently supplanting the credit framework by subbing cash for credit which may get terrible impacts the since quite a while ago run.

Downloads

Download data is not yet available.

References

https://www.ecb.europa.eu/press/pr/date/2020/html/ecb.pr200318_1~3949d6f266.en.html.

www.Trading.com.

IMF Blog.

KPMG. (2020). European central bank. Available at:

https://home.kpmg/xx/en/home/insights/2020/04/european-central-bank-government-and-institution-measures-in-response-to-covid.html.

Gregory Claeys. (2020). The European central bank in the COVID-19 crisis: Whatever it takes, within its mandate. Available at: http://aei.pitt.edu/103266/.

MINT. (2020). European central bank nearly doubles COVID19 pandemic support scheme. Available at: https://www.livemint.com/Search/Link/Keyword/Ecb-Stimulus.

Outlook, The New Scroll. (2020). European central bank keeps stimulus policies on hold. Available at: https://www.outlookindia.com/newsscroll/european-central-bank-keeps-stimulus-policies-on-hold/1933233.

Money Control. (2020). European central bank nearly doubles coronavirus pandemic support scheme. Available at: https://www.moneycontrol.com/.

The Economic Times. (2020). European central bank hands out 1.3 trillion Euros in loans. Available at: https://economictimes.indiatimes.com/topic/European-Central-Bank-loans/news.

https://tradingeconomics.com/european-union/indicators-eurostat-data.html.

https://ec.europa.eu/eurostat.

https://tradingeconomics.com/euro-area/unemployment-rate.

European Commission. (2020). Spring 2020 economic forecast: A deep & uneven recession, an uncertain economy. Available at: https://ec.europa.eu/info/business-economy-euro/economic-performance-and-forecasts/economic-forecasts/spring-2020-economic-forecast-deep-and-uneven-recession-uncertain-recovery_en.

IMF Blog. (2020). The great lockdown: Worst economic downturn since the great depression. Available at: https://blogs.imf.org/2020/04/14/the-great-lockdown-worst-economic-downturn-since-the-great-depression/.

DayTrading.com. (2020). Stagflation: How it occurs and building a ‘stagflation portfolio. Available at: https://www.daytrading.com/stagflation-portfolio.

KPMG. (2020). European central bank (ECB). Available at: https://home.kpmg/xx/en/home/insights/2015/11/kpmg-european-central-bank-office-fs.html.

Gregory Claeys. (2020). The European central bank in the COVID-19 crisis: Whatever it takes, within its mandate. Available at: https://www.bruegel.org/2020/05/the-european-central-bank-in-the-covid-19-crisis-whatever-it-takes-within-its-mandate/.

MINT. (2020). European central bank nearly doubles COVID19 pandemic support scheme. Available at: https://www.livemint.com/.

Outlook, The Newscroll. (2020). European central bank keeps stimulus policies on hold. Available at: https://www.outlookindia.com/.

LizMcCormick and Anchalee Worrachate. (2020). Bond market flashes stagflation alarm after Fed’s Gusher of Cash. Available at: https://www.bloomberg.com/news/articles/2020-06-04/bond-market-flashes-stagflation-alarm-after-fed-s-gusher-of-cash.

https://tradingeconomics.com/euro-area/inflation-cpi.