Polityka pieniężna Europejskiego Banku Centralnego w latach 1999–2011

• Authors: Katarzyna Kochaniak

Title variants

EN

MONETARY POLICY OF THE EUROPEAN CENTRAL BANK IN 1999–2011

• Languages of publication: PL

Abstracts

EN

This article provides an overview of the monetary policy of the European Central Bank (ECB) in the recent years. The author begins by introducing the objectives, powers, and strategy of the ECB’s monetary policy. The next section discusses the transmission of monetary policy to the real economy through interest rates and credit channels. Next, monetary policy instruments used by the ECB are covered. The final section looks at the impact of the global financial crisis on the ECB’s operations. Finally, conclusions are drawn from empirical data that are provided by the ECB and Eurostat.

Keywords

EN

monetary policy; European Central Bank; eurozone; transmission mechanism of monetary policy; credit institutions

• Publisher: Kancelaria Sejmu / Chancellery of the Sejm
• Journal: Studia BAS
• Year: 2012
• Issue: 3(31)
• Pages: 63-86

Contributors

author

Katarzyna Kochaniak

• Doktor nauk ekonomicznych, adiunkt w Katedrze Finansów Uniwersytetu Ekonomicznego w Krakowie