“The Impact of Recent Central Bank Asset Purchase Programmes.” Bank of International Settlements Quarterly Review, December, pp. 73–83. Meyer, Laurence H., and Antulio N. Bomfim (2012). “Not Your Father’s Yield Curve: Modeling the Impact of QE on Treasury Yields,” Macroeconomic Advisers, Monetary Policy Insights, May 7. Modigliani, Franco, and Richard Sutch (1966). “Innovations in Interest Rate Policy,” American Economic Review, vol. 56 (March), pp.
Because of this, the NBS will remain committed to maintaining the relative stability of the EUR/RSD exchange rate, as the backbone of overall macroeconomic stability. We have also secured the stability of the banking sector of the Republic of Serbia and established an innovative and safe regulatory and supervisory framework for the banking system, which proved resilient even amidst extraordinary circumstances.