MANAGING FINANCIAL STABILITY BY THE EUROPEAN CENTRAL BANK IN THE PERIOD 2008–2012
Journal Title: Copernican Journal of Finance & Accounting - Year 2016, Vol 5, Issue 2
Abstract
In reaction to the global financial crisis and ineffectiveness of traditional monetary policy, European Central Bank undertook a number of unconventional measures to preserve financial stability in the EU. The paper presents a non-standard tools used by the ECB in the 2008–2012 period, as a response to shocks in the financial system and evaluates their effectiveness.
Authors and Affiliations
Radosław Ciukaj
Keywords
Related Articles
- EP ID EP192430
- DOI 10.12775/CJFA.2016.015
- Views 104
- Downloads 0
Wealth management market in China. Opportunities and challenges
As the key player in prospective Asia-Pacific market, China is becoming one of the most notable countries with regard to private banking services. In spite of being relatively young, Chinese wealth management market has...
FIELDS OF POTENTIAL USE OF CRYPTOCURRENCIES IN THE PAYMENT SERVICES MARKET IN POLAND – RESULTS OF AN EMPIRICAL STUDY
The payment services market in Poland is particularly open to new payment solutions. The most important financial innovations of the recent years include cryptocurrencies. Bitcoin is the most well-known of them and its a...
THE ROLE OF INSTANT PAYMENT SYSTEMS IN THE POLISH ECONOMY
Instant payments are one of the most important current trends in modern banking. Solutions of this type have been implemented form large-value to retail banking. The purpose of this article is to introduce broad spectrum...
THE ROLE OF THE AMOUNT OF MONEY IN RISK-TAKING
Decisions based on the expected value have two components: the probability and the value or utility that is often expressed in money. Regarding the first element, it can be pointed out that many decisions contain risk co...
Financial stability of local government units – legal and economic approach
The legislator introduced solutions conducive to the financial stability of local government units in the form of Articles 242 and 243 of the Public Finance Act of 2009. They force the reduction of deficit in the so-call...