TY - GEN A1 - Benedyk, Mateusz PB - Wydawnictwo Uniwersytetu Wrocławskiego N2 - The expansionary monetary policy of the European Central Bank at the beginning of the 21st century gave rise to a big credit expansion. The expansion was distributed unevenly among the Eurozone member states and it led to an economic boom, especially in the real estate market. The malinvestments from the boom period brought about severe economic crisis. Since the crisis ECB acts (lends banks unprecedented amounts of money, against poor collateral, for extended period of time, at record low interest rates) like his main end is keeping the European banking sector afl oat, not the offi cially stated infl ation targeting L1 - http://repozytorium.uni.wroc.pl/Content/96342/PDF/02_Benedyk_M_Polityka_pieniezna_Europejskiego_Banku_Centralnego_1999_2013.pdf CY - Wrocław L2 - http://repozytorium.uni.wroc.pl/Content/96342 PY - 2013 KW - monetary policy KW - European Central Bank KW - banking T1 - Polityka pieniężna Europejskiego Banku Centralnego 1999–2013 UR - http://repozytorium.uni.wroc.pl/dlibra/publication/edition/96342 ER -