Lovrinović, Ivan; Solenički, Martina; Vujeva, Karlo - In: Macroeconomic responses to the COVID-19 pandemic : …, (pp. 111-156). 2021
The central bank's balance sheet has become the main instrument of monetary policy in the aftermath of the GFC and the …, government securities have become the largest asset in the central bank balance sheet, representing the dominant channel for …