فاعلية أدوات السياسة النقدية التقليدية وغير التقليدية للبنك المركزي الأوروبي في مُواجهة أزمة الديون السيادية الأوروبية

Abstract

European Central Bank has an important role and renewed in alleviating the negative repercussions of the sovereign debt crisis of Greece and the rest of the other European countries threatened after he was allowed to intervene in the financial markets as a contribution to resolve the crisis by giving more authority. as well as the adoption of new instruments of monetary policy and breadth of the field of coordination and cooperation with European governments for the Euro area. Under these extraordinary circumstances the European Central Bank's intervention through tools unconventional monetary policy embodied in nominal interest rates grandfather exceptionally low, and the policies of quantitative and qualitative easing