Instytucjonalne uwarunkowania wspólnej polityki pieniężnej w Unii Gospodarczej i Walutowej
Institutional Framework of Single Monetary Policy in The Economic and Monetary Union
Author(s): Michał LaskowskiSubject(s): Economy, National Economy, Supranational / Global Economy, Financial Markets
Published by: Uniwersytet Łódzki - Wydział Ekonomiczno-Socjologiczny
Keywords: monetary policy; institutional matrix; central banking
Summary/Abstract: This paper aims to examine changes, which appeared within institutional frameworkof monetary policy in the Economic and Monetary Union after the crisis of2008. Theoretical base for research was the new institutionalism under the methodologicalprinciples and criteria prepared by Douglass North. The analysis consistof two steps. The first describes institutional matrix of monetary policy in EMU.The second compares formal and informal institutions of monetary policy in theEurozone before and after 2008. The analysis revealed, that changes have beenmade in monetary policy principles and tools. Nevertheless, institutional matrixwas not changed.
Journal: Ekonomia Międzynarodowa
- Issue Year: 2016
- Issue No: 16
- Page Range: 313-331
- Page Count: 19
- Language: Polish