金融危机期间美联储流动性供给及效应研究

金融危机爆发后,美联储打开了流动性注入的阀门,其流动性供给不仅规模庞大,而且采用了非传统、创新性的货币政策工具。在美联储流动性供给的救助下,金融市场和金融机构的流动性短缺得到缓解,金融市场波动趋于降低,金融市场恐慌情绪得以驱散。

Research on Fed Liquidity Supply and Effects during Financial Crisis

After financial crisis,the Fed turn on the valve of liquidity.The liquidity supplied by the Fed is not only vast,but also adopted non-traditional and innovative monetary policy tools.By the relife of the Fed liquidity supply,the liquidity shortage in financial markets and financial institutions are eased,the volatility of financial markets are reducing,and the financial market panic was dispeled.