Les effets des politiques de Quantitative Easing sur le taux de change : Les enseignements de l'expérience américaine
type: Dataset
description: Facing liquidity trap problems, a number of industrialised countries, including the United States and the United Kingdom, have since 2008 implemented Quantitative Easing (QE) measures in an attempt to improve financing conditions in their overall economy. Although Quantitative Easing policies primarily act upon long-term interest rates and asset prices, they also have secondary effects on exchange rates. In a "currency war" context, some countries might be tempted to use QE as a protectionist weapon in a bid to achieve exchange rate depreciation. After identifying which QE transmission channels affect exchange rates, the paper proposes an empirical analysis of stylized facts and econometric tests on the United States.
landing page: https://hal.science/hal-00780498
keyword: base-monetaire
keyword: exchange-rate
keyword: infoeu-reposemanticspreprint
keyword: jel-e---macroeconomics-and-monetary-economicsee4---money-and-interest-ratesee4e44---financial
keyword: jel-e---macroeconomics-and-monetary-economicsee5---monetary-policy-central-banking-and-the-supp
keyword: jel-f---international-economicsff4---macroeconomic-aspects-of-international-trade-and-financeff
keyword: long-term-interest-rates
keyword: monetary-base
keyword: preprints-working-papers-
keyword: quantitative-easing
keyword: shsecohumanities-and-social-scienceseconomics-and-finance
keyword: taux-de-change
keyword: taux-dinteret-a-long-terme
issued: 2026-05-14T22:54:51.894460
modified: 2026-05-14T22:54:51.894466
language: fr
contact point: Organization
  fn: CCSD

test_moissonnage_selune
type: Agent

Les effets des politiques de Quantitative Easing sur le taux de change : Les enseignements de l'expérience américaine
type: Distribution
format: HTML
access URL: https://hal.science/hal-00780498
issued: 2026-05-14T22:54:51.958964
modified: 2026-05-14T22:54:51.864191