Besides supporting smooth market functioning, asset purchases also aided in the transmission of monetary policy to broader financial conditions. Financial markets stabilized relatively quickly. Over the course of 2020, the Fed’s liquidity and credit facilities saw reduced demand and most of the emergency  in a manner that depresses the real interest rate required to equilibrate savings and investment.
Do the IMF’s own exposures to countries in an unsustainable debt situation pose risks to the IMF itself? IV  The IMF – panacea for every illness? According to the IMF’s Articles, the central mission of the Fund is to help member countries to overcome balance of payments crises.