Pavlík, Zdeněk - In: Současná Evropa 2012 (2012) 1, pp. 3-28
of the ECB. The empirical analysis of the ECB ́s monetary policy points out the systematic change in its behavior, which … means that the ECB has been more focused on the financial stability of the European banking sector instead of the standard … aim regarding the price stability. The results of the paper show how the monetary policy of the ECB is more and more …