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Instytucjonalne uwarunkowania wspólnej polityki pieniężnej w Unii Gospodarczej i Walutowej / Institutional Framework of Single Monetary Policy in The Economic and Monetary Union

Michał Laskowski
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Michał Laskowski: University of Lodz

International Economics, 2016, issue 16, 313-331

Abstract: This paper aims to examine changes, which appeared within institutional framework of monetary policy in the Economic and Monetary Union after the crisis of 2008. Theoretical base for research was the new institutionalism under the methodological principles and criteria prepared by Douglass North. The analysis consist of two steps. The first describes institutional matrix of monetary policy in EMU. The second compares formal and informal institutions of monetary policy in the Eurozone before and after 2008. The analysis revealed, that changes have been made in monetary policy principles and tools. Nevertheless, institutional matrix was not changed.

Keywords: monetary policy; institutional matrix; central banking (search for similar items in EconPapers)
JEL-codes: B52 E58 (search for similar items in EconPapers)
Date: 2016
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Handle: RePEc:ann:inecon:y:2016:i:16:p:313-331