HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Topics » Economy & Education » Economy (Group) » Weekend Economists Out on... » Reply #18
Introducing Discussionist: A new forum by the creators of DU

Response to Demeter (Original post)

Sat Nov 16, 2013, 07:20 AM

18. Who Are The Winners And Losers Of Global QE?

http://www.businessinsider.com/mckinsey-study-on-global-qe-2013-11

A research group at McKinsey & Company set out to follow the distribution of money in the economy as a result of post-crisis central banking. The team examined the low-interest rates, and tools — conventional and unconventional — central banks have been using to keep rates low.
From a profit standpoint, the winners included governments, non-financial corporations, and — in the case of the U.S. — banks. Household income, pensions and insurance, and the rest of the world have lost in terms of net interest income.

The researchers examined the policies of the U.S. Federal Reserve, the Bank of England, the European Central Bank, and the Bank of Japan. They outline how originally, the banks adjusted short-term interest rates through conventional measures, and drove the rates down. When they could push no further, having reached “zero lower bound,” the banks used unconventional measures to retain the low-interest levels, including large-scale asset purchases.

This is known as “QE” in the U.S., or the Fed’s bond buying program. At some point in time, all the central banks participated in a similar program. The result, the report says, is that the combined balance sheets for the banks grew between 2007 and the second-quarter of 2013 by $4.7 trillion dollars.



Read more: http://wallstcheatsheet.com/stocks/mckinsey-on-crisis-banking-who-is-profiting-from-policies.html/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+WallStCheatSheetCore+%28Wall+St.+Cheat+Sheet%29#ixzz2koJMYG5k


***I KNEW IT WASN'T ME.

Reply to this post

Back to OP Alert abuse Link to post in-thread

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 66 replies Author Time Post
Demeter Nov 2013 OP
Demeter Nov 2013 #1
Demeter Nov 2013 #2
Demeter Nov 2013 #3
Warpy Nov 2013 #4
Demeter Nov 2013 #7
Fuddnik Nov 2013 #9
Tansy_Gold Nov 2013 #11
DemReadingDU Nov 2013 #10
Ghost Dog Nov 2013 #12
westerebus Nov 2013 #14
DemReadingDU Nov 2013 #16
Tansy_Gold Nov 2013 #27
DemReadingDU Nov 2013 #30
xchrom Nov 2013 #31
Demeter Nov 2013 #33
xchrom Nov 2013 #34
Demeter Nov 2013 #36
Tansy_Gold Nov 2013 #42
Ghost Dog Nov 2013 #49
Ghost Dog Nov 2013 #48
westerebus Nov 2013 #50
Demeter Nov 2013 #5
Demeter Nov 2013 #6
Demeter Nov 2013 #8
Ghost Dog Nov 2013 #13
Ghost Dog Nov 2013 #47
xchrom Nov 2013 #15
Demeter Nov 2013 #35
xchrom Nov 2013 #17
LineReply Who Are The Winners And Losers Of Global QE?
xchrom Nov 2013 #18
xchrom Nov 2013 #19
xchrom Nov 2013 #20
xchrom Nov 2013 #21
bread_and_roses Nov 2013 #22
xchrom Nov 2013 #23
Demeter Nov 2013 #25
Ghost Dog Nov 2013 #41
Demeter Nov 2013 #62
Ghost Dog Nov 2013 #66
xchrom Nov 2013 #24
xchrom Nov 2013 #26
Demeter Nov 2013 #28
xchrom Nov 2013 #29
xchrom Nov 2013 #32
Demeter Nov 2013 #37
Demeter Nov 2013 #38
Demeter Nov 2013 #39
Demeter Nov 2013 #40
DemReadingDU Nov 2013 #43
Ghost Dog Nov 2013 #44
Demeter Nov 2013 #45
Demeter Nov 2013 #46
xchrom Nov 2013 #51
Demeter Nov 2013 #63
xchrom Nov 2013 #52
xchrom Nov 2013 #53
xchrom Nov 2013 #54
xchrom Nov 2013 #55
xchrom Nov 2013 #56
xchrom Nov 2013 #57
xchrom Nov 2013 #58
xchrom Nov 2013 #59
hamerfan Nov 2013 #60
bread_and_roses Nov 2013 #61
Demeter Nov 2013 #64
Ghost Dog Nov 2013 #65
Please login to view edit histories.