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Challenges of monetary policy during crisis

Author

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  • Wieslawa Przybylska-Kapuscinska

    (Poznan University of Economics)

Abstract

In this paper, the actual problems and doubts concerning the monetary policies in the conditions during the crisis 2007–2012 have been brought up. The unconventional instruments, as well as its way of activity in order to guarantee credit institutions’ liquidity, were also presented. The necessity of taking financial stability into consideration alongside price stability was also emphasized. The topics related to decisions of policy of the interest rates have also been discussed.

Suggested Citation

  • Wieslawa Przybylska-Kapuscinska, 2012. "Challenges of monetary policy during crisis," Ekonomia i Prawo, Uniwersytet Mikolaja Kopernika, vol. 10(3), pages 61-80, September.
    • Handle: RePEc:cpn:umkeip:v:10:y:2012:i:3:p:61-80
    DOI: 10.12775/EiP.2012.024
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    References listed on IDEAS

    as
    1. David Aikman & Andrew G. Haldane & Benjamin D. Nelson, 2015. "Curbing the Credit Cycle," Economic Journal, Royal Economic Society, vol. 125(585), pages 1072-1109, June.
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    More about this item

    Keywords

    monetary policy; unconventional instruments; financial stability;
    All these keywords.

    JEL classification:

    • A - General Economics and Teaching

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