4 See, for instance, Eric M. Engen, Thomas Laubach, and David Reifschneider (2015), “The Macroeconomic  Effects of the Federal Reserve’s Unconventional Monetary Policies,” Finance and Economics Discussion Series 2015–005 (Washington: Board of Governors of the Federal Reserve System, January). 5 The Bank of Japan had deployed unconventional tools well before the crisis.
Thanks to the combination of all the adopted measures, last year interest rates on dinar and euro-indexed corporate loans almost equalised, led by a reduction in dinar interest rates. We had never had such situation in Serbia before.