European Central Bank -Conventional And/Or Unconventional Instruments For Monetary Policy

Özet

The mechanisms the monetary policies have failed to foresee, not to mention to prevent the 2008 Financial Crisis (FC). Moreover the burst of the crisis has challenged the market mechanism for maintaining market liquidity, financial stability and risk management. The European Central Bank (ECB) has played crucial role in the aftermath of the 2008 FC for maintaining the market liquidity. The measures taken in the post crisis period were conflicting with the basic foundations of the monetary policy of EMU, but prevented the collapse of the…

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