Монетарная политика Европейского Центрального Банка в современных условиях
The article presents an analysis of the monetary policy of the European Central Bank (ECB) under the conditions of the present crisis. The article systematizes of ECB monetary policy in today's crisis, researches the ECB's monetary policy at different stages of the crisis. A detailed analysis showed that the ECB's monetary policy is significantly different from the actions of other central banks during the current crisis (for example, the Federal Reserve). Thus, the ECB unconventional monetary policy combined with traditional measures, but does not replace them. Often ECB use credit easing instead of quantitative easing. The ECB's monetary policy used not only to combat the financial crisis, such as the Fed, but also to deal with the debt crisis. These features of the ECB’s monetary policy were due to both the institutional characteristics of the European Union, as well as special conditions of flow of the financial crisis in the euro zone.