Hrncir, Miroslav - In: ACTA VSFS 3 (2009) 2, pp. 137-166
The article identifies causes of the world financial crisis and its impact on monetary policy and central banking …. Under the pressure of crisis, the standard monetary policy of previous periods shifted to unconventional instruments of … “quantitative easing”. This change represents move away from technical monetary policy towards a more activist approach. Will this …