Regarding the impact of these temporary measures, I believe that the outright purchases of CP and corporate bonds have proved effective to a certain degree in reducing excessive anxiety among market participants, and that special funds-supplying operations to facilitate corporate financing have supported the recovery in market  6  BIS Review 132/2009  functioning, which previously declined sharply.
Also, I believe that the expansion in the range of collateral that the Bank accepts has boosted supply of credit by banks to firms. With regard to the policy measures taken in the recent financial crisis around the world, including those taken by the Bank, the term "exit strategies" has been frequently mentioned, as global economic conditions have started to improve.