MANAGING FINANCIAL STABILITY BY THE EUROPEAN CENTRAL BANK IN THE PERIOD 2008–2012

Radosław Ciukaj ()
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Radosław Ciukaj: Cracow University of Economics

Copernican Journal of Finance & Accounting, 2016, vol. 5, issue 2, 57-72

Abstract: In reaction to the global financial crisis and ineffectiveness of traditional monetary policy, European Central Bank undertook a number of unconventional measures to preserve financial stability in the EU. The paper presents a non-standard tools used by the ECB in the 2008–2012 period, as a response to shocks in the financial system and evaluates their effectiveness.

Keywords: unconventional monetary policy; quantitative easing; European Central Bank (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:cpn:umkcjf:v:5:y:2016:i:2:p:57-72

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