2026-06-10T18:35:25.251Z http://ezaposleni.singidunum.ac.rs/rest/sciNaucniRezultati/oai

ezaposleni.singidunum.ac.rs/rest/sciNaucniRezultati/oai:2:2563 2014-07-14T07:31:43Z 2

Monetary and foreign currency policy of the European Central Bank 2014 338.23:336.74(4-672EU) http://ezaposleni.singidunum.ac.rs/rest/sciNaucniRezultati/oai/record/2/2563 V. Mladenović M. Hadžić The paper analyzes the success of managing ECB monetary and foreign exchange policy, which is very complex, but crucial for the justification of its existence. Firstly, ECB is struggling to keep up with the global crisis and to maintain the stability of the euro. The main task of ECB is for inflation to be below 2%p.a. This paper demonstrates that ECB has managed to keep inflation within the needed limits for a longer period of time, except for relatively short-term exceptions. By managing an adequate monetary policy, ECB successfully accomplished its goals in the period under consideration, which is proved through the inflation trend results, monetary aggregate - M3, the level of interest rates. article 10.5937/sjas11-4902 11 1 16 24 2217-8090 Singidunum Journal of Applied Sciences