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PL
Opracowanie koncentruje się analizie charakteru zastosowanej przez EBC polityki luzowania ilościowego. Bezpośrednim jego celem jest jednak ocena skutków tej polityki. Konsekwencje polityki luzowania ilościowego EBC analizuje się, wskazując na zmiany w stanach płynności sektora bankowego strefy euro, poziomach stóp procentowych, poziomie i strukturze agregatu monetarnego M3, a także aktywach i pasywach bilansu EBC.
EN
The study focuses on the analysis of the character, used by the ECB, Quantitative Easing policy. However, its direct aim is the assessment of effects of this policy. The consequences of the ECB’s Quantitative Easing policy are analyzed pointing to the changes in the liquidity of the euro area banking sector, levels of interest rates, level and structure of the M3 monetary aggregate, as well as assets and liabilities of the balance sheet of the ECB.
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