المجلة المغاربية للإقتصاد و المانجمت
Volume 4, Numéro 1, Pages 45-56

Mesures Non-conventionnelles Des Politiques Monetaires En Periodes De Crises : Reactions Des Banques Centrales De L’ocde -une Perspective D’analyse-

Authors : Boutefnouchet Yahia .

Abstract

Monetary policies as they were known had to face, in 2008, the most extensive crisis in history. The evolution of this crisis was characterized by the introduction of new concepts and procedures. It must be said that the subprimes have changed the global monetary panorama. In a climate of uncertainty and loss of confidence, many banking or financial institutions ended up doing activities for which they were not primarily focused, acting on market they have not acceded before. Facing the subprime crisis, central banks adopted different behaviours. Thus, the transition to new measures was not a choice, but an obligation imposed by the necessity and emergency of the crisis, particularly when the usual monetary policy measures proved to be inefficient.

Keywords

monetary policies, crises, central banks