“Quantitative easing” is often used in a rather vague manner, but the policy action we adopted can be regarded as a pure form of “quantitative easing.” Third, the Bank adopted “credit easing” in the current terminology. The assets purchased included asset-backed securities (ABSs) and asset-backed commercial papers (ABCPs).
National Bureau of Economic Research. NBER Working Paper 24322. Cambridge MA. OECD (2011). G20 High-level Principles on Financial Consumer Protections. Organisation for Economic Co-operation and Development (OECD). Paris. OECD (2017). G20/OECD INFE Report on Adult Financial Literacy in G20 countries. Organisation for Economic Co-operation and Development (OECD). Paris.