Antykryzysowe działania Europejskiego Banku Centralnego
Anti-crisis measures of the European Central Bank

Summary/Abstract: The article presents the instruments that are used in the European Central Bank to resolve the crisis in the eurozone. In addition to conventional monetary policy measures emergency actions were discussed, and among them a new instrument called Outright Monetary Transactions (OMT). It consists in the unlimited buying of bonds of eurozone countries by the ECB on the secondary market. The program should contribute to the stabilization of the bond markets, as well as to the implementation of structural reforms in the countries in crisis.

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