Analiza wpływu polityki stóp procentowych EBC na stabilność sektorów bankowych w wybranych krajach strefy euro – wnioski z kryzysu
The analysis of influence of the ECB interestrates’ policy on a stability of bank sectorsin selected countries of the eurozone – conclusions from the

Summary/Abstract: The article points at the problem of the maladjustment of the short-term interest rate which functioned in the eurozone before the crisis to the value of the interest rate which results from the Taylor rule. As it is indicated, the value of this rate was lowered especially in the countries which mostly suffered from the latest crisis, i.e. in Greece, Ireland, Portugal and Spain. While analyzing the stability of bank sectors of the selected countries, it is pointed that there is a substantial correlation between a stability of bank sector in a given country and the size of a divergence of the short-term interest rate from the Taylor rule. Thus, it confirms the statement that the policy of the excessively low interest rates increases the appetite for a credit and market risk and liquidity in the bank sector.

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