ROLE OF THE EUROPEAN CENTRAL BANK IN COMBATING THE FINANCIAL CRISIS IN THE EUROPEAN UNION
Justyna Maliszewska-Nienartowicz, Amanda Witulska
Abstract
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Justyna Maliszewska-Nienartowicz, Amanda Witulska
Abstract
Open-access reader
This work presents the European Central Bank’s role in eliminating economic crisis in the European Union. It contains roots and course of the financial slowdown in the eurozone. The Authors show competences of the institution before and its functions during the crisis. Finally, there was made an attempt to evaluate the effectiveness of the ECB monetary policy.
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This work presents the European Central Bank’s role in eliminating economic crisis in the European Union. It contains roots and course of the financial slowdown in the eurozone. The Authors show competences of the institution before and its functions during the crisis. Finally, there was made an attempt to evaluate the effectiveness of the ECB monetary policy.
Key concepts: European debt crisis, Financial crisis, European union, Financial system, European monetary union, Economics, Central bank, Work (physics)