Quantitative Easing Policies as Crisis Resolution Tool and its Effects on Bond Markets and Corporate Financing in Japan, Sweden and the Eurozone

Quantitative easing is term used for the very expansionary monetary policy that has developed since the turn of the millennium. The focus in this project is the asset purchase programmes that have been used in Japan, the Eurozone and Sweden as part of the quantitative easing. There are three main areas to be examined. The first deals with Japan and the effects of quantitative easing for small and mediumsized companies and their financing under the credit guarantee scheme. The second concerns the liquidity and operation of bond markets. The third the use of unconventional monetary policy tools as part of crisis resolution from a historical perspective.