Quantitative Easing (QE) in Crises, Currency Markets, and Trade 7th International Conference on Sovereign Bond Markets
The conference is hosted by the Bank of England and co-organized by NYU Stern - Salomon Center for the Study of Financial Institutions, Leibniz Institute for Financial Research SAFE, University of Michigan - Mitsui Life Financial Research Center, Imperial College, Bank of Canada, Deutsche Bundesbank, and European Central Bank.
Many central banks in both industrialized countries and emerging markets responded to the financial crisis of 2008 and the Covid-19 pandemic crisis, accompanied by a global recessions by adopting various forms of QE, e.g. by buying massive amounts of bonds and other securities from market participants in order to provide liquidity to the markets, reduce the cost of capital, and ultimately foster economic growth.
This policy choice raises the question of whether unconventional QE will become the "new normal" and so will its effects (and potential distortions) on both Wall Street and Main Street.