- starting from short riskfree rates [all since 1981, but problems surfaced only in 2008]
- to long riskfree rates [all since 2008]
- to corporate default rates [ECB since 2012, the Fed since 2020]
- and in some cases, even to equity risk premium rates [BOJ and SNB since 2008]
Also China, but China is special, and has a much more fine grip on things that goes far beyond the general rates (they can target sectors specifically, or even individual companies).Expect more alphabet soup of pump facilities to materialize. I don't bother listing them here, it's all the same (reduce this or that rate).
Still, not "since forever", only since 1998, or so.
1. https://en.wikipedia.org/wiki/Long-Term_Capital_Management
The US set up the Home Owners' Loan Corporation[1] during the great depression to refinance loans saving a lot of banks from disaster (tho helping common folks too), and there were also the savings and loan bailout in the '80s and '90s[2]. Chrysler was bailed out in 1979[3] and Lockheed in 1971.
[0] https://en.wikipedia.org/wiki/Istituto_per_la_Ricostruzione_...
[1] https://en.wikipedia.org/wiki/Home_Owners'_Loan_Corporation
[2] https://en.wikipedia.org/wiki/Savings_and_loan_crisis
[3] https://www.investopedia.com/articles/economics/chrysler-bai...