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Alternative title:

Monetary policy of the European Central Bank: 1999–2013

Subject and Keywords:

monetary policy   European Central Bank   banking

Description:

Od 2013 pt.: Ekonomia - Wroclaw Economic Review

Abstract:

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

Place of publishing:

Wrocław

Publisher:

Wydawnictwo Uniwersytetu Wrocławskiego

Date issued:

2013

Date copyrighted:

2013

Identifier:

ISSN 2084-4093

Language:

pol   eng

Relation:

Acta Universitatis Wratislaviensis, ISSN 0239-6661 ; no 3586. Ekonomia, ISSN 2084-4093 ; 19/4, s. 9-29

Rights holder:

Copyright by Wydawnictwo Uniwersytetu Wrocławskiego Sp. z o.o.

Autor opisu:

WR U/PAdjm