Scientific Papers

JOURNAL OF INTERNATIONAL STUDIES


© CSR, 2008-2019
ISSN: 2306-3483 (Online), 2071-8330 (Print)

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    The journal is co-financed in the years 2022-2024 by the Ministry of Education and Science of the Republic of Poland in the framework of the ministerial programme “Development of Scientific Journals” (RCN) on the basis of contract no. RCN/SN/0669/2021/1 

     

     

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THE FINANCIAL CRISIS, FINANCIAL SYSTEM INSTABILITY AND MONETARY TRANSMISSION MECHANISM

Vol. 4, No 1, 2011

Marek Zwolankowski “The Financial Crisis, Financial System Instability and Monetary Transmission Mechanism”, Journal of International Studies, Vol. 4, No 1, 2011, pp. 26-32.

 

 

The Financial Crisis, Financial System Instability and Monetary Transmission Mechanism

 

 

 

 

 

 

 

 

 

Marek Zwolankowski

Department of Finance

Faculty of Economics and Management

Szczecin University

zwolankowski1@wp.pl

 

 

Abstract. The current financial crisis is also a crisis of cognition. Erroneous strategy of central banks and accommodative monetary policy (primarily of the Fed) have become causes of distortion of the information function of financial assets' prices. Excessive – in favourable monetary conditions – expansion of the global financial system has increased the complexity (ergo non-transparency of information) of financial operations and investment strategies.

Submitted: September, 2011

1st revision: October, 2011

Accepted: November, 2011

 

Keywords: Financial Crises, Monetary Transmission Mechanism.