Scopul opera\u0163iunii este de a \u00eempinge \u00een jos dob\u00e2nzile pe termen lung, corelate cu dob\u00e2nzile la creditele ipotecare \u015fi cele pentru finan\u0163\u0103rile acordate afacerilor. Numele de Opera\u0163iunea Twist, dup\u0103 genul de dans cu acela\u015fi nume, a ap\u0103rut prima dat\u0103 \u00een 1961, c\u00e2nd Fed a procedat pentru prima dat\u0103 la schimbul de titluri de datorie pe termen scurt cu altele pe termen lung, cu scopul de a reduce decalajul dintre dob\u00e2nzile pe termen lung \u015fi cele pe termen lung \u015fi a \u00eent\u0103ri dolarul.<\/p>\n
Decizia Fed este o alternativ\u0103 mult mai s\u0103n\u0103toas\u0103, ca stimulent economic, \u00een raport cu cele dou\u0103 programe de relaxare monetar\u0103 cantitativ\u0103 promovate dup\u0103 declan\u015farea crizei financiare, \u00eentruc\u00e2t nu se mai bazeaz\u0103 pe crearea de moned\u0103 \u015fi exportarea \u00een toat\u0103 lumea a infla\u0163iei rezultate, cu efecte negative \u00eendeosebi asupra \u0163\u0103rilor \u00een curs de dezvoltare.<\/p>\n
Dup\u0103 anun\u0163area deciziei de joi a Fed, randamentele la titlurile federale pe termen lung (mai ales pentru cele cu scaden\u0163a la 30 de ani) au sc\u0103zut, \u00eentr-adev\u0103r, \u00eens\u0103 pie\u0163ele financiare au reac\u0163ionat negativ, nu at\u00e2t pentru c\u0103 se a\u015fteptau la o nou\u0103 rund\u0103 de QE, ci din cauza evalu\u0103rii de c\u0103tre Rezerva Federal\u0103 a situa\u0163iei economice din SUA, caracterizat\u0103 de o continuare a situa\u0163iei proaste de pe pia\u0163a muncii \u015fi a prezen\u0163ei unor riscuri apreciate drept “semnificative” ca peisajul economic din SUA s\u0103 se \u00eenr\u0103ut\u0103\u0163easc\u0103.<\/p>\n","protected":false},"excerpt":{"rendered":"
\u00cen loc de un al treilea program de relaxare monetar\u0103 cantitativ\u0103 (quantitative easing), respectiv de cump\u0103rare de obliga\u0163iuni americane de c\u0103tre Rezerva Federal\u0103, autoritatea monetar\u0103 american\u0103 a ales o solu\u0163ie botezat\u0103 repede de comentatori drept “Operation Twist”, prin care Fed va cump\u0103ra p\u00e2n\u0103 la finele lui iunie 2012 titluri guvernamentale americane \u00een valoare de 400 de miliarde de dolari cu scaden\u0163e \u00eentre 6 \u015fi 30 de ani \u015fi va vinde titluri \u00een valoare echivalent\u0103 cu scaden\u0163e de 3 ani sau mai pu\u0163in.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[510],"tags":[187,188,369,24534,24060,8884,18602,106,9693],"class_list":["post-50768","post","type-post","status-publish","format-standard","hentry","category-actualitate","tag-dobanzi","tag-economie","tag-obligatiuni","tag-operation-twist","tag-qe3","tag-rezerva-federala","tag-stimulent","tag-sua","tag-trezorerie"],"_links":{"self":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/50768","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=50768"}],"version-history":[{"count":1,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/50768\/revisions"}],"predecessor-version":[{"id":67735,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/50768\/revisions\/67735"}],"wp:attachment":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50768"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50768"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}