Shkendije Nahi
Central Bank of Kosovo; Faculty of Economy – University of Prishtina
Flamur Mrasori
Central Bank of Kosovo, Faculty of Law-University of Prishtina 

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4th International Conference – ERAZ 2018 – KNOWLEDGE BASED SUSTAINABLE ECONOMIC DEVELOPMENT, Sofia- Bulgaria, June 7, 2018, CONFERENCE PROCEEDINGS published by: Association of Economists and Managers of the Balkans, Belgrade, Serbia;  Faculty of Business Studies, Mediterranean University – Podgorica, Montenegro; University of National and World Economy – Sofia, Bulgaria; Faculty of Commercial and Business Studies – Celje, Slovenia; Faculty of Applied Management, Economics and Finance – Belgrade, Serbia, ISBN 978-86-80194-12-7


The 2008 financial crisis hit the European financial system especially during 2010 and early 2011 where market confidence fell again The Eurozone knew the hardest time in the so-called debt crisis.
The ECB came up by presenting some technical measures. The question needs to be addressed is if the ECB monetary policy has been extremely accommodating in recent years and has been effectively accommodating to address the threat of deflation in the Eurozone? 

Key words

Financial crisis, monetary policy, legal measures, European Central Bank, Eurosystem, Fed and BoE


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  3. This is a formulation that is written in all Constitutions of the member states of EU as a garuantee of well functioning of the economies of each members.
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