Posts Tagged ‘Long-term Refinancing Operation’

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Monetary Easing (aka Quantitative Easing, QE, LTRO, APP, and So On) Explained in One Minute

Some people call it monetary easing. In the US, it is called Quantitative Easing. In Europe, they call it the Long-Term Refinancing Operation, and now it is called Extended Asset Purchase Program. These fancy terms actually tell us something very simple, that the central banks created money. The process works like this. The central banks waves its magic wand and creates money. It then […]