Fisher, P. R. 2008. “Commentary: The Role of Liquidity in Financial Crises.” Comments on a paper presented by E. Carletti and F. Allen at the symposium “Maintaining Stability in a Changing Financial system.” Jackson Hole, Wyoming. August. Gorton, G.B. and A. Metrick. 2009. “Securitized Banking and the Run on Repo.” Yale ICF Working Paper No. 14. Available at SSRN: http://ssrn.com/abstract=1440752. King, M. 2009.
In terms of yield curve control, with a view to facilitating the formation of the yield curve that is considered most appropriate for achieving the price stability target of 2 percent, the Bank has conducted purchases of Japanese government bonds (JGBs) under the guideline for market 1/2  BIS central bankers' speeches  operations, in which it sets the short-term policy interest rate at minus 0.1 percent and the target level of 10-year JGB yields at around zero percent.