# Enhanced credit support

- Canonical URL: https://www.gerhardmerk.de/enhanced-credit-support
- Post ID: 591548
- Modified: 2023-07-25T21:00:25+00:00
- Language: en

## Definition

A term often used in the financial crisis that followed the subprime crisis to describe a central bank's policy of injecting as much liquidity as possible into the markets through various channels in order to avoid a credit crunch. - See purchases, central bank, carry trades, three-year tender, ECB fall from grace, Larghezza, quantitative easing, stealth policy, full allotment. - Cf. ECB Monthly Bulletin of August 2009, pp. 37 ff (effects of the first longer-term refinancing operation with a one-year maturity), Deutsche Bundesbank Monthly Bulletin of August 2009, p. 46 (ECB purchases of covered bonds; overviews), Financial Stability Report 2011, p. 21 f (full allotment in ECB refinancing operations to be maintained). Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

## Machine-readable

- Generator: Merk Knowledge 1.1.1