EFTA Document EFTA01388581

The limits of monetary policy .ettrarCa Edtt<nl March An investment-grade (IG) rating bye rating agency such as Standard & Poor's indicates that a bond has a relatively low risk of default. Lender of last resort refers to a central bank, which offers loans to banks or other eligible institutions that are experiencing financial difficulty or are considered highly risky or near collapse. Liquidity trap describes a situation where conventional monetary policy has lost its potency. Lost de