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Bank of Canada RSS Feedsen2024-03-29T15:54:58+00:00When the Unconventional Becomes Conventional: Monetary Policy in Extraordinary Times
https://www.bankofcanada.ca/2009/05/unconventional-becomes-conventional-monetary-policy/
The financial turbulence that began in the U.S. subprime-mortgage market in August 2007 reached maximum intensity towards the end of 2008, and enveloped the entire global economy. Strains that had previously been concentrated in a few major financial centers turned into a full-blown crisis, affecting both industrial and emerging-market economies through trade, financial, and confidence channels.2009-05-19T13:18:26+00:00When the Unconventional Becomes Conventional: Monetary Policy in Extraordinary Times2009-05-19John Murray