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The financial crisis and the policy of the Central Bank

The financial crisis and the policy of the Central Bank

Journal of Institutional studies, , Vol. 3 (no. 4),
p. 27-33

The purpose of this paper is to examine the impact of the globalfinancial crisis on the Central Bank, the key institutions of the financial sector. This paper deals with the major changes the functioning of this institution in modern conditions, reveals mechanism of the unconventional monetary policy in the liquidity trap.

Keywords: unconventional monetary policy; liquidity trap; mechanism of the unconventional monetary policy; “credit intervention”

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Publisher: Ltd. "Humanitarian perspectives"
Founder: Ltd. "Humanitarian perspectives"
ISSN: 2076-6297