A SAFE MONETARY CENTRAL BANKING POLICY AS A SIGNIFICANT INSTRUMENT FOR LIQUIDITY MAINTENANCE IN THE FINANCIAL SYSTEM
Journal Title: International Journal of New Economics and Social Sciences - Year 2018, Vol 8, Issue 2
Abstract
Currently, it is assumed that the global financial crisis of 2008 was effectively mastered and averted several years ago, but its sources have not been fully eliminated. The anti-crisis model of state intervention that was applied during the global financial crisis of 2008 was a modified Keynsian formula known from the 1930s, adapted to the realities of contemporary national economies. The main instrument of anti-crisis policy was the significant development of a mild monetary policy and interventionist measures aimed at reducing the risk of bankruptcy of enterprises and banking entities and stopping the decline in lending in banking systems. In developed countries, anti-crisis interventionist assistance programs for the financial system and pro-active interventionist measures were activated in order to stimulate significantly weakened economic growth. As part of pro-development state intervention activities, the Federal Reserve Bank applied a low monetary policy of low interest rates and a program for activating lending and maintaining liquidity in the financial system by financing the purchase from commercial banks of the most endangered assets. A few years later, the European Central Bank applied the same activities of activation monetary policy.<br/><br/>financial system, central banking, monetary policy, capital market, securities market, Federal Reserve Bank, European Central Bank, global financial crisis, economic policy, economic situation, financial crisis<br/><br/>
Authors and Affiliations
Dariusz Prokopowicz
Keywords
Related Articles
- EP ID EP517459
- DOI 10.5604/01.3001.0012.9931
- Views 109
- Downloads 0
EXPLAINING THE TEACHER'S PERSONALITY IN INTERACTING WITH VALUES AND PROFESSION
The teacher's personality is irreplaceable for the pupil in a school environment. This is not just a means of information and knowledge, but also a model of behavior, which he imitates. Through the scientific research, t...
MORAL ASPECTS OF FUNCTIONING OF RESEARCH INSTITUTIONS IN POLICE IN THE SCOPE OF THE CONTROL OF MIGRATION ON OUTER EU BORDERS
The case study contains analysis of moral aspects of functioning of Research Institutions in Police based on the theoretical deliberations of implementation and abidance of behaviors of its members in relations with taki...
SPRAWOZDANIE Z KONFERENCJI NAUKOWEJ PT.: „PROJEKT IMPLEMENTACJI WALUTY RÓWNOLEGŁEJ LOKALNEJ NA TERENIE POWIATU OTWOCKIEGO”, KTÓRA ODBYŁA SIĘ 31 SIERPNIA 2016 R. W SIEDZIBIE WARSZAWSKIEJ SZKOŁY WYŻSZEJ W OTWOCKU
W dniu 31 sierpnia 2016 r. w podwarszawskim Otwocku odbyła się Konferencja Naukowa pt.: „Projekt implementacji waluty równoległej lokalnej na terenie Powiatu Otwockiego”. Tematem przewodnim dyskusji podjętych podczas tej...
PRZEDSIĘBIORSTWO SPOŁECZNE ŚRODKIEM ROZWIĄZYWANIA PROBLEMÓW WSPÓŁCZESNEJ GOSPODARKI
Celem artykułu jest odpowiedź na pytanie, czy przedsiębiorstwo społeczne może być środkiem rozwiązywania problemów współczesnej gospodarki. Współczesny systemowy kryzys ekonomiczny, społeczny i ekologiczny unaocznił skut...
AN ANALYSIS OF THE EVOLUTION OF ALBANIAN - GREEK TRADE FLOWS
The aim of this study is to realize an analysis of the trade relations between Albania and Greece. Through the study, researchers want to show how trade relations between these countries have changed during the years, an...