| dc.description | The unforeseen "coronavirus complaint 2019" struck every husbandry around the
planet in 2020. (COVID-19). The COVID-19 outbreak has previously caused
more harm to people and frugality than the global financial crisis of 2008, dubbed
the "Great Compression" (Harvey, 2020). Its spread has posed a serious threat
to investors (Sharif, Aloui, & Yarovaya, 2020), making it difficult for them to find a
safe haven. As a result, nearly every major husbandry has adapted their financial
programmes by lowering policy rates (e.g., Argentina, Australia, Brazil, Canada,
Chile, India, Mexico, United Kingdom), introducing new targeted long-term
refinancing operations (Eurozone), enforcing unlimited and open-ended
quantitative easing (United States), or lowering the reserve demand rate (e.g.,
Brazil, China) to provide financial stimulants for their damaged husbandry (Ozili &
Arun, 2020). Because of the long-term nature of this damaging epidemic and the
many changes in financial policy, it presents a unique narrative opportunity for us
to assess the efficiency of financial policy transmission. | en_US |
