EUROPEAN CENTRAL BANK: FUNCTIONING PRACTICE IN THE CRISIS AND POST-CRISIS PERIOD

Author:

Dudchenko Viktoria, Sumy State University (2 Rymskogo-Korsakova Str., Sumy, Ukraine).

Language: ukrainian

Annotation:

The research concerned the analysis of factors and peculiarities of the European Central Bank’s functioning within the global financial and economic crisis of the period from 2007 till 2008. The peculiarities of implementation of monetary policy’s tools of crisis and post-crisis period by the European Central Bank were studied and justified. The systematization of post-crisis measures concerning implementation of financial stabilization’s policy was held. Unconventional tools of the European Central Bank’s monetary policy, implemented being aimed at elimination of negative consequences of financial and economic crisis and improvement of European Union’s financial system, were described.

Key words:

banking systems; financial system; monetary policy; refinancing; interest rate; inflation; risk

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