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 62
- Downloads 0
Ewolucja badań nad zrównoważeniem finansów publicznych
Evolution of research on sustainability of public finance From the 1980s onwards, in developed countries (and not only) we observe an upward trend in the ratio of public debt to GDP. In many countries public debt has exc...
Oczekiwania i decyzje gospodarstw domowych oraz przedsiębiorstw a makroekonomiczne konsekwencje polityki gospodarczej
The paper describes different approaches in the theory of economics (from Phillips curve through ricardian equivalence theorem to the demand for money) to the expectations of business entities on the future shape of basi...
W ZWIĄZKU Z KSIĄŻKĄ FILIPA BUSINY HUMAN RESOURCE MANAGEMENT IN THE BUILDING INDUSTRY
W ZWIĄZKU Z KSIĄŻKĄ FILIPA BUSINY HUMAN RESOURCE MANAGEMENT IN THE BUILDING INDUSTRY
Infrastruktura publiczna – wybrane problemy
Today advanced infrastructure is essential for economic growth. Public funds are too short to finance all the infrastructural needs. Private entrepreneurs can supply the lacking funds. Using private funds for financing i...
Contemporary Approach to Specialization in Mazovia
Supporting smart specialization, taking into account regional potential, makes sense in the case of probable, significant increase of a competitive advantage in the region. This should result in economic growth. In turn...