ANTI-CRISIS POLICY OF THE EURO AREA DEBT CRISIS
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ANTI-CRISIS POLICY OF THE EURO AREA DEBT CRISIS
Annotation
PII
S0207-36760000392-0-1
DOI
10.31857/S60000392-0-1
Publication type
Article
Status
Published
Edition
Pages
71-107
Abstract
In paper reviews the monetary policy in the euro area during the period from August 1999 till October 2012. The author examines the ECB policy response to the financial market turbulence and assumes that monetary authority managed well in providing liquidity to banks and calming markets but failed to stimulate borrowing and economy.
Keywords
euro area, financial crisis, international reserves, European central bank, euro
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