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Monetary Policy Of European Central Bank After Brexit

Author

Listed:
  • Valentin Mihai Leoveanu

    (Universitatea din Bucuresti, Facultatea de Administratie si Afaceri,)

Abstract

The result of the referendum on Great Britain leaving the European Union have led to major disturbances in European and international financial markets, which made necessary the intervention of central banks in European countries. Responsible for price stability and financial stability in the euro area, the European Central Bank has acted and acts in order to limit the negative effects that such an event has and will have in the future. In this respect, the present study aims to highlight the causes that led to Brexit, the economic, financial and monetary effects of this decision on the countries in the euro area and the EU, the implications for the conduct of monetary policy of the ECB, in particular on the monetary tools used and their effect, and the answer of the ECB to Brexit concerning the trend of Euroarea economy. The results of research underline the importance of ECB measures regarding the support of a healthy economic growth in Euro area and a sustainable macroeconomic stability in European Union.

Suggested Citation

  • Valentin Mihai Leoveanu, 2017. "Monetary Policy Of European Central Bank After Brexit," Management Strategies Journal, Constantin Brancoveanu University, vol. 35(1), pages 210-217.
    • Handle: RePEc:brc:journl:v:35:y:2017:i:1:p:210-217
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    References listed on IDEAS

    as
    1. Thomas Palley, 2007. "Macroeconomics and monetary policy: competing theoretical frameworks," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 30(1), pages 61-78.
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    More about this item

    Keywords

    unconventional measures; accomodative monetary policy; transmission mechanism; forward guidance; SWOT analysis;
    All these keywords.

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • O23 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Fiscal and Monetary Policy in Development

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