To address this situation, the ECB broadened its collateral rules, thereby also enabling banks to take full advantage of central bank liquidity. At the same time, the ECB tightened its own risk-control measures to mitigate the risk it absorbed. Monetary policy in the period of the sovereign debt crisis As we all know, the crisis did not remain restricted to the banking sector.
And in the formulation of macroeconomic policies, I will benefit from my front-line working experiences. I will seek to make great contributions to the work of the PBC Shanghai Head Office. As writing a TV play, managing the financial system is also an art.