MANAGING FINANCIAL STABILITY BY THE EUROPEAN CENTRAL BANK IN THE PERIOD 2008–2012
<p>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...
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Format: | Article |
Language: | English |
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Nicolaus Copernicus University in Toruń
2017-03-01
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Series: | Copernican Journal of Finance & Accounting |
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Online Access: | https://apcz.umk.pl/czasopisma/index.php/CJFA/article/view/12562 |
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author | Radosław Ciukaj |
author_facet | Radosław Ciukaj |
author_sort | Radosław Ciukaj |
collection | DOAJ |
description | <p>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.</p> |
first_indexed | 2024-03-12T11:19:32Z |
format | Article |
id | doaj.art-30627e565dd44f4f867a9049fb1f94ef |
institution | Directory Open Access Journal |
issn | 2300-1240 2300-3065 |
language | English |
last_indexed | 2024-03-12T11:19:32Z |
publishDate | 2017-03-01 |
publisher | Nicolaus Copernicus University in Toruń |
record_format | Article |
series | Copernican Journal of Finance & Accounting |
spelling | doaj.art-30627e565dd44f4f867a9049fb1f94ef2023-09-02T00:46:17ZengNicolaus Copernicus University in ToruńCopernican Journal of Finance & Accounting2300-12402300-30652017-03-0152577210.12775/CJFA.2016.01511057MANAGING FINANCIAL STABILITY BY THE EUROPEAN CENTRAL BANK IN THE PERIOD 2008–2012Radosław Ciukaj0Cracow University of Economics<p>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.</p>https://apcz.umk.pl/czasopisma/index.php/CJFA/article/view/12562unconventional monetary policyquantitative easingeuropean central bank |
spellingShingle | Radosław Ciukaj MANAGING FINANCIAL STABILITY BY THE EUROPEAN CENTRAL BANK IN THE PERIOD 2008–2012 Copernican Journal of Finance & Accounting unconventional monetary policy quantitative easing european central bank |
title | MANAGING FINANCIAL STABILITY BY THE EUROPEAN CENTRAL BANK IN THE PERIOD 2008–2012 |
title_full | MANAGING FINANCIAL STABILITY BY THE EUROPEAN CENTRAL BANK IN THE PERIOD 2008–2012 |
title_fullStr | MANAGING FINANCIAL STABILITY BY THE EUROPEAN CENTRAL BANK IN THE PERIOD 2008–2012 |
title_full_unstemmed | MANAGING FINANCIAL STABILITY BY THE EUROPEAN CENTRAL BANK IN THE PERIOD 2008–2012 |
title_short | MANAGING FINANCIAL STABILITY BY THE EUROPEAN CENTRAL BANK IN THE PERIOD 2008–2012 |
title_sort | managing financial stability by the european central bank in the period 2008 2012 |
topic | unconventional monetary policy quantitative easing european central bank |
url | https://apcz.umk.pl/czasopisma/index.php/CJFA/article/view/12562 |
work_keys_str_mv | AT radosławciukaj managingfinancialstabilitybytheeuropeancentralbankintheperiod20082012 |