POWRÓT DO PRZEDKRYZYSOWEJ POLITYKI PIENIĘŻNEJ A STABILNOŚĆ SYSTEMU FINANSOWEGO
Journal Title: Kwartalnik Kolegium Ekonomiczno-Społecznego Studia i Prace - Year 2017, Vol 1, Issue 1
Abstract
Faced with the financial crisis in 2008, the central banks used conventional monetary policy instruments. However, the problem of zero lower bond forced them to use unconventional monetary policy instruments – quantitative easing carried out as part of the so-called central bank balance sheet politics and relying on the buying by the central bank of different kinds of financial assets – resulting in stabilization of the situation on financial markets in conditions of low long-term interest rates. Balance sheet totals of the central banks rose repeatedly. Their structure also changed. At present possible effects for the stability of the financial system of the return to the pre-crisis monetary policy are the topic of debate. The exit strategy is giving rise to a significant risks and the coordination of economic policy and the transparency of action taken by monetary authorities can only minimize possible negative effects
Authors and Affiliations
Ilona Skibińska-Fabrowska
Keywords
Related Articles
- EP ID EP361932
- DOI -
- Views 67
- Downloads 0
POZYCJA W SYSTEMIE WŁADZY USA ORAZ ZADANIA RADY DS. MONITOROWANIA STABILNOŚCI FINANSOWEJ
Present article discusses some of the key issues introduced to the US federal law in 2010 to ensure the stability of the financial sector in the United States. Special attention was paid to two issues, i.e. the rules and...
LUKA W PODATKU OD TOWARÓW I USŁUG ORAZ SPOSOBY JEJ OGRANICZANIA
The study focuses on the concept and components of the tax gap. In addition, the article presents an estimate of the gap in the value added tax in the European Union for the years 2000–2013. With regard to the Poland, it...
ELECTRICITY FROM PEAT – ABANDONED PLANS FOR A POLISH PEAT-FUELLED PLANT IN WIZNA: FACTS AND CONTEXTS
The final article explores little-known plans for the use of peat in energy production in Poland. The idea of building a plant in Wizna is shown as part of a wider concept of industrialising rural parts of the country wi...
SAMORZĄD TERYTORIALNY W FEDERACJI ROSYJSKIEJ
The paper is a contribution to the in-depth research on the Russian local selfgovernment. The Author describes the process of formation and constitutional position of local self-government in the Russian Federation. He e...
Odbudowa gmachu doświadczalnego Szkoły Głównej Handlowej w Warszawie po II wojnie światowej
In 2008 the Campus of the Warsaw School of Economics (SGH) was entered into the register of monuments. The Research Pavilion, so called Building A, is the oldest of the campus buildings. It was constructed between WWI an...