Blog Conditionality of IMF programs: an ‘afterthought’ that has taken center stage Consider the task of lending to countries that are in severe payment difficulties, possibly involving significant danger of default. Share Email Twitter Facebook Linkedin Google+
The ECB's targeted longer-term refinancing operations have increased bank lending to the private sector Funding banks via longer-term refinancing operations has been a key feature of ECB monetary policy in recent years. With the latest of these, the ECB has succeeded in encouraging banks to increase lending to the private sector. Share Email Twitter Facebook Linkedin Google+