Monetary Policy and Central Banking in the Wake of the World Financial Crisis

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F26138077%3A_____%2F09%3A%230000293" target="_blank" >RIV/26138077:_____/09:#0000293 - isvavai.cz</a>

Výsledek na webu

—

DOI - Digital Object Identifier

—

Jazyk výsledku

angličtina

Název v původním jazyce

Monetary Policy and Central Banking in the Wake of the World Financial Crisis

Popis výsledku v původním jazyce

The article identifies causes of the world financial crisis and its impact on monetary policy and central banking. Under the pressure of crisis, the standard monetary policy of previous periods shifted to unconventional instruments of ?quantitative easing?. This change represents move away from technical monetary policy towards a more activist approach. Will this shift be only temporary and monetary policy will return to traditional standards as the crisis subsides? Or will its impact be of a more permanent character? The article examines the applied unconventional monetary policy measures, their consequences and risk involved. For the past decades central banking has been dominated by consensus which holds the view that central bankers´ prime task isto keep inflation low and stable. Learning the lesson from the current crisis the article discusses the arguments whether monetary policy should be and could be more oriented to the broader issues of financial stability, not just price st

Název v anglickém jazyce

Monetary Policy and Central Banking in the Wake of the World Financial Crisis

Popis výsledku anglicky

The article identifies causes of the world financial crisis and its impact on monetary policy and central banking. Under the pressure of crisis, the standard monetary policy of previous periods shifted to unconventional instruments of ?quantitative easing?. This change represents move away from technical monetary policy towards a more activist approach. Will this shift be only temporary and monetary policy will return to traditional standards as the crisis subsides? Or will its impact be of a more permanent character? The article examines the applied unconventional monetary policy measures, their consequences and risk involved. For the past decades central banking has been dominated by consensus which holds the view that central bankers´ prime task isto keep inflation low and stable. Learning the lesson from the current crisis the article discusses the arguments whether monetary policy should be and could be more oriented to the broader issues of financial stability, not just price st

Druh

J_x - Nezařazeno - Článek v odborném periodiku (Jimp, Jsc a Jost)

CEP obor

AH - Ekonomie

OECD FORD obor

—

Projekt

—

Návaznosti

N - Vyzkumna aktivita podporovana z neverejnych zdroju

Rok uplatnění

2009

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

ACTA VŠFS

ISSN

1802-792X

e-ISSN

—

Svazek periodika

3

Číslo periodika v rámci svazku

2

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

29

Strana od-do

137-166

Kód UT WoS článku

—

EID výsledku v databázi Scopus

—