The Financial Crisis, Financial System Instability and Monetary Transmission Mechanism

• Autorzy: Marek Zwolankowski
• Języki publikacji: EN

Abstrakty

EN

The current financial crisis is also a crisis of cognition. Erroneous strategy of central banks and accommodative monetary policy (primarily of the Fed) have become causes of distortion of the information function of financial assets' prices. Excessive - in favourable monetary conditions - expansion of the global financial system has increased the complexity (ergo non-transparency of information) of financial operations and investment strategies. (original abstract)

Słowa kluczowe

EN

Financial crisis; Monetary policy; Central banks; Transmission of monetary policy

PL

Kryzys finansowy; Polityka pieniężna; Banki centralne; Transmisja polityki pieniężnej

• Czasopismo: Journal of International Studies
• Rocznik: 2011
• Tom: 4
• Numer: nr 1
• Strony: 26--32

Twórcy

autor

Marek Zwolankowski

• University of Szczecin, Poland

Bibliografia

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Identyfikatory

DOI

10.14254/2071-8330.2011/4-1/3