Aiming at enhancing the resilience of the banking sector, these proposals include a new liquidity standard as well as a revised definition of capital, which should increase its quality, consistency and transparency. Apart from that, the introduction of countercyclical capital buffers should help to mitigate procyclicality.
Effects of monetary easing These monetary easing measures, unprecedented in central bank history both at home and abroad, were received with considerable surprise when announced. Though such initial surprise tends to fade, these monetary easing measures have potentially powerful effects as is evidenced by the initial surprise. At the same time, however, it is also true that there are limits to the effects.