 RECENT DEVELOPMENTS IN THE STRATEGIES OF THE EUROPEAN MONETARY AUTHORITIESJournal of Financial and Monetary Economics, 2015, vol. 2, issue 1, 111-115 Abstract: In the attempt to correct the imbalances in the financial system and sustain economic activity impaired by disturbance of the global financial crisis, central banks, especially those from the developed countries, have expanded the range of monetary instruments by applying unconventional measures. Recent studies noted the short-term beneficial effects of these measures, but also emphasize the existence of their implementation’s costs; one of the problems in this context that has yet no solution refers to the way out of "unconventional circle" with minimal cost. Understanding the new environment in which it operates, requires access to more information within a central bank activity and the introduction of new smart statistics information that adds credibility but in the same time supplement the information’s novelty. In this article we will focus on achieving fair and suggestive pictures on applied monetary instruments’ (prudential, unconventional, and traditional) and banking system’s developments. Keywords: monetary strategies; central banks; European perspective (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:vls:rojfme:v:2:y:2015:i:1:p:111-115 Access Statistics for this article More articles in Journal of Financial and Monetary Economics from Centre of Financial and Monetary Research "Victor Slavescu" Contact information at EDIRC. |
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