Template-Type: ReDIF-Paper 1.0
Author-Name: Carlos Cantú
Author-X-Name-First: Carlos
Author-X-Name-Last: Cantú
Author-Name: Paolo Cavallino
Author-X-Name-First: Paolo
Author-X-Name-Last: Cavallino
Author-Name: Fiorella De Fiore
Author-X-Name-First: Fiorella
Author-X-Name-Last: De Fiore
Author-Name: James Yetman
Author-X-Name-First: James
Author-X-Name-Last: Yetman
Title: A global database on central banks' monetary responses to Covid-19
Abstract: The Covid-19 pandemic has been a global shock of unprecedented size that has hit most countries around the world. Central banks have responded quickly, on a massive scale. We present a novel database that provides information on central banks' responses to Covid-19 in 39 economies, including both advanced and emerging market economies. Monetary policy announcements are listed and classified under five types of tools: interest rate measures, reserve policies, lending operations, asset purchase programmes and foreign exchange operations. Within each category, the database provides additional information such as maturity, eligible counterparties, types of assets and the availability of fiscal backup. It also indicates whether the policy tool was newly introduced or had been previously deployed. The database has a companion dashboard to visualise the data graphically.
Length: 26 pages
Creation-Date: 2021-03
File-URL: https://www.bis.org/publ/work934.pdf
File-Format: Application/pdf
File-Function: Full PDF document
File-URL: https://www.bis.org/publ/work934.htm
File-Format: text/html
Number: 934
Keywords: Covid-19 crisis, monetary policy, lending operations, asset purchase programmes, FX policy, reserve policy
Classification-JEL: E43, E44, E52, E58, G01
Handle: RePEc:bis:biswps:934