Words are critical in how the public perceives the work of central banks and the quality of monetary policy. Press releases that accompany policy rate decisions and, where available, the minutes of central bank committee meetings, are focal points for the media in public discussions about the...

This paper describes the response of three central banks to the 2007-09 financial crisis: the European Central Bank, the Federal Reserve and the Bank of England. In particular, the paper discusses the design, implementation and impact of so-called "non-standard" monetary policy measures focusing...

In 2010, Ireland was experiencing a bank crisis and a sovereign debt crisis as a result of fallout from the broader Global Financial Crisis that had begun in 2007. Irish banks were having difficulty raising funds on wholesale funding markets and had borrowed extensively from the European Central...