Balance Sheet Policy of Central Banks in the Conditions of the Exit Strategy of Central Bank

• Autorzy: Irena Pyka
• Języki publikacji: EN

Abstrakty

EN

The study identifies the balance sheet policy of central banks differentiating it from quantitative easing policy. Additionally, the study analyses various types of quantitative easing depicting their balance sheet effects. Changes in volumes and structures of the biggest central banks are analysed on the example of quantitative easing programs applied by the Fed and ECB. A basic and direct purpose of this study refers to the specification of reasons for central banks' maintaining the balance sheet policy and the assessment of its outcomes from the perspective of the exit strategy adopted by central banks. (original abstract)

Słowa kluczowe

EN

Central banks; Monetary Policy of the ECB; Balance sheets policy; Bank reserves

PL

Banki centralne; Polityka pieniężna Europejskiego Banku Centralnego; Polityka bilansowa; Rezerwy bankowe

• Czasopismo: Journal of Economics & Management / University of Economics in Katowice
• Rocznik: 2015
• Numer: nr 21
• Strony: 110--127

Twórcy

autor

Irena Pyka

• University of Economics in Katowice, Poland

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