Efficiency of central banks during financial crisis: quantitative easing's economic impact analysis in European Union

Detalhes bibliográficos
Autor(a) principal: Divanach, Anais Marie
Data de Publicação: 2017
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10071/17215
Resumo: In 2015, the European Central Bank, decides to involve in unconventional monetary policies in order to reinforce economic and monetary European situation after the 2008’s global crisis. This dissertation aims to show the positive as well as the negative impacts that the policy of quantitative easing has had on the European economy and finance. Since these policies have only recently been introduced in the European Union, the method chosen to measure their impacts is to use historical facts such as the use of these policies in Japan, to use the various academic theories and finally to use ECB financial and economic data. Additionally , the thesis shows what other tools could have been used or could be used in the context of non-conventional policies, but also what are the possible outcomes of these policies and how this could affect the independence of the European Central Bank.
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spelling Efficiency of central banks during financial crisis: quantitative easing's economic impact analysis in European UnionEuropean Central BankQuantitative easingMonetary policiesEuropean UnionBanco CentralEquilíbrio financeiroFinanças europeiasUnião EuropeiaIn 2015, the European Central Bank, decides to involve in unconventional monetary policies in order to reinforce economic and monetary European situation after the 2008’s global crisis. This dissertation aims to show the positive as well as the negative impacts that the policy of quantitative easing has had on the European economy and finance. Since these policies have only recently been introduced in the European Union, the method chosen to measure their impacts is to use historical facts such as the use of these policies in Japan, to use the various academic theories and finally to use ECB financial and economic data. Additionally , the thesis shows what other tools could have been used or could be used in the context of non-conventional policies, but also what are the possible outcomes of these policies and how this could affect the independence of the European Central Bank.Em 2015, o Banco Central Europeu, decide envolver políticas monetárias não convencionais para reforçar a situação económica e monetária europeia após a crise global de 2008. Esta dissertação visa mostrar os impactos, positivos e negativos, que a política de flexibilização quantitativa teve na economia e nas finanças europeias. Uma vez que estas políticas foram recentemente introduzidas na União Europeia, o método escolhido é o uso de fatos históricos, como o uso destas políticas no Japão, explicitando as várias teorias académicas e, posteriormente, utilizando dados económicos, em particular do Banco Central Europeu, para medir esses impactos. Finalmente, a tese mostra que outras ferramentas poderiam ter sido usadas ou que podem ser usadas no contexto de políticas não convencionais, mas também quais são os possíveis resultados dessas políticas e como isso poderia afetar a independência do Banco Central Europeu.2019-02-08T15:05:33Z2017-11-22T00:00:00Z2017-11-222017-06info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfapplication/octet-streamhttp://hdl.handle.net/10071/17215TID:201762331engDivanach, Anais Marieinfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-11-09T17:36:59Zoai:repositorio.iscte-iul.pt:10071/17215Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T22:16:50.859848Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Efficiency of central banks during financial crisis: quantitative easing's economic impact analysis in European Union
title Efficiency of central banks during financial crisis: quantitative easing's economic impact analysis in European Union
spellingShingle Efficiency of central banks during financial crisis: quantitative easing's economic impact analysis in European Union
Divanach, Anais Marie
European Central Bank
Quantitative easing
Monetary policies
European Union
Banco Central
Equilíbrio financeiro
Finanças europeias
União Europeia
title_short Efficiency of central banks during financial crisis: quantitative easing's economic impact analysis in European Union
title_full Efficiency of central banks during financial crisis: quantitative easing's economic impact analysis in European Union
title_fullStr Efficiency of central banks during financial crisis: quantitative easing's economic impact analysis in European Union
title_full_unstemmed Efficiency of central banks during financial crisis: quantitative easing's economic impact analysis in European Union
title_sort Efficiency of central banks during financial crisis: quantitative easing's economic impact analysis in European Union
author Divanach, Anais Marie
author_facet Divanach, Anais Marie
author_role author
dc.contributor.author.fl_str_mv Divanach, Anais Marie
dc.subject.por.fl_str_mv European Central Bank
Quantitative easing
Monetary policies
European Union
Banco Central
Equilíbrio financeiro
Finanças europeias
União Europeia
topic European Central Bank
Quantitative easing
Monetary policies
European Union
Banco Central
Equilíbrio financeiro
Finanças europeias
União Europeia
description In 2015, the European Central Bank, decides to involve in unconventional monetary policies in order to reinforce economic and monetary European situation after the 2008’s global crisis. This dissertation aims to show the positive as well as the negative impacts that the policy of quantitative easing has had on the European economy and finance. Since these policies have only recently been introduced in the European Union, the method chosen to measure their impacts is to use historical facts such as the use of these policies in Japan, to use the various academic theories and finally to use ECB financial and economic data. Additionally , the thesis shows what other tools could have been used or could be used in the context of non-conventional policies, but also what are the possible outcomes of these policies and how this could affect the independence of the European Central Bank.
publishDate 2017
dc.date.none.fl_str_mv 2017-11-22T00:00:00Z
2017-11-22
2017-06
2019-02-08T15:05:33Z
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dc.identifier.uri.fl_str_mv http://hdl.handle.net/10071/17215
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