id	sid	tid	token	lemma	pos
cjfa-12562	1	1	copernican	copernican	PROPN
cjfa-12562	1	2	journal	journal	PROPN
cjfa-12562	1	3	of	of	ADP
cjfa-12562	1	4	finance	finance	PROPN
cjfa-12562	1	5	&	&	CCONJ
cjfa-12562	1	6	accounting	accounting	PROPN
cjfa-12562	1	7	e	e	PROPN
cjfa-12562	1	8	-	-	PROPN
cjfa-12562	1	9	issn	issn	PROPN
cjfa-12562	1	10	2300	2300	NUM
cjfa-12562	1	11	-	-	SYM
cjfa-12562	1	12	3065	3065	NUM
cjfa-12562	1	13	p	p	PROPN
cjfa-12562	1	14	-	-	PUNCT
cjfa-12562	1	15	issn	issn	PROPN
cjfa-12562	1	16	2300	2300	NUM
cjfa-12562	1	17	-	-	SYM
cjfa-12562	1	18	12402016	12402016	NUM
cjfa-12562	1	19	,	,	PUNCT
cjfa-12562	1	20	volume	volume	NOUN
cjfa-12562	1	21	5	5	NUM
cjfa-12562	1	22	,	,	PUNCT
cjfa-12562	1	23	issue	issue	NOUN
cjfa-12562	1	24	2	2	NUM
cjfa-12562	1	25	date	date	NOUN
cjfa-12562	1	26	of	of	ADP
cjfa-12562	1	27	submission	submission	NOUN
cjfa-12562	1	28	:	:	PUNCT
cjfa-12562	1	29	january	january	PROPN
cjfa-12562	1	30	9	9	NUM
cjfa-12562	1	31	,	,	PUNCT
cjfa-12562	1	32	2017	2017	NUM
cjfa-12562	1	33	;	;	PUNCT
cjfa-12562	1	34	date	date	NOUN
cjfa-12562	1	35	of	of	ADP
cjfa-12562	1	36	acceptance	acceptance	NOUN
cjfa-12562	1	37	:	:	PUNCT
cjfa-12562	1	38	january	january	PROPN
cjfa-12562	1	39	26	26	NUM
cjfa-12562	1	40	,	,	PUNCT
cjfa-12562	1	41	2017	2017	NUM
cjfa-12562	1	42	.	.	PUNCT
cjfa-12562	2	1	*	*	PUNCT
cjfa-12562	2	2	contact	contact	NOUN
cjfa-12562	2	3	information	information	NOUN
cjfa-12562	2	4	:	:	PUNCT
cjfa-12562	2	5	radek.ciukaj@interia.pl	radek.ciukaj@interia.pl	NUM
cjfa-12562	2	6	,	,	PUNCT
cjfa-12562	2	7	nieciecza	nieciecza	VERB
cjfa-12562	2	8	45	45	NUM
cjfa-12562	2	9	,	,	PUNCT
cjfa-12562	2	10	33	33	NUM
cjfa-12562	2	11	-	-	SYM
cjfa-12562	2	12	240	240	NUM
cjfa-12562	2	13	żabno	żabno	PROPN
cjfa-12562	2	14	,	,	PUNCT
cjfa-12562	2	15	poland	poland	PROPN
cjfa-12562	2	16	,	,	PUNCT
cjfa-12562	2	17	phone	phone	NOUN
cjfa-12562	2	18	:	:	PUNCT
cjfa-12562	3	1	+48	+48	NUM
cjfa-12562	3	2	784	784	NUM
cjfa-12562	3	3	680	680	NUM
cjfa-12562	3	4	685	685	NUM
cjfa-12562	3	5	.	.	PUNCT
cjfa-12562	4	1	ciukaj	ciukaj	PROPN
cjfa-12562	4	2	,	,	PUNCT
cjfa-12562	4	3	r.	r.	PROPN
cjfa-12562	4	4	(	(	PUNCT
cjfa-12562	4	5	2016	2016	NUM
cjfa-12562	4	6	)	)	PUNCT
cjfa-12562	4	7	.	.	PUNCT
cjfa-12562	5	1	managing	manage	VERB
cjfa-12562	5	2	financial	financial	ADJ
cjfa-12562	5	3	stability	stability	NOUN
cjfa-12562	5	4	by	by	ADP
cjfa-12562	5	5	the	the	DET
cjfa-12562	5	6	european	european	PROPN
cjfa-12562	5	7	central	central	PROPN
cjfa-12562	5	8	bank	bank	PROPN
cjfa-12562	5	9	in	in	ADP
cjfa-12562	5	10	the	the	DET
cjfa-12562	5	11	period	period	NOUN
cjfa-12562	5	12	2008	2008	NUM
cjfa-12562	5	13	–	–	PUNCT
cjfa-12562	5	14	2012	2012	NUM
cjfa-12562	5	15	.	.	PUNCT
cjfa-12562	6	1	copernican	copernican	PROPN
cjfa-12562	6	2	journal	journal	PROPN
cjfa-12562	6	3	of	of	ADP
cjfa-12562	6	4	finance	finance	PROPN
cjfa-12562	6	5	&	&	CCONJ
cjfa-12562	6	6	accounting	accounting	PROPN
cjfa-12562	6	7	,	,	PUNCT
cjfa-12562	6	8	5(2	5(2	NUM
cjfa-12562	6	9	)	)	PUNCT
cjfa-12562	6	10	,	,	PUNCT
cjfa-12562	6	11	57–72	57–72	NUM
cjfa-12562	6	12	.	.	PUNCT
cjfa-12562	7	1	http://dx.doi.org/10.12775/	http://dx.doi.org/10.12775/	PROPN
cjfa-12562	7	2	cjfa.2016.015	cjfa.2016.015	PROPN
cjfa-12562	7	3	radosław	radosław	PROPN
cjfa-12562	7	4	ciukaj	ciukaj	PROPN
cjfa-12562	7	5	*	*	PROPN
cjfa-12562	7	6	cracow	cracow	PROPN
cjfa-12562	7	7	university	university	PROPN
cjfa-12562	7	8	of	of	ADP
cjfa-12562	7	9	economics	economics	PROPN
cjfa-12562	7	10	managing	manage	VERB
cjfa-12562	7	11	financial	financial	ADJ
cjfa-12562	7	12	stability	stability	NOUN
cjfa-12562	7	13	by	by	ADP
cjfa-12562	7	14	the	the	DET
cjfa-12562	7	15	european	european	PROPN
cjfa-12562	7	16	central	central	PROPN
cjfa-12562	7	17	bank	bank	PROPN
cjfa-12562	7	18	in	in	ADP
cjfa-12562	7	19	the	the	DET
cjfa-12562	7	20	period	period	NOUN
cjfa-12562	7	21	2008–2012	2008–2012	NUM
cjfa-12562	7	22	keywords	keyword	NOUN
cjfa-12562	7	23	:	:	PUNCT
cjfa-12562	7	24	unconventional	unconventional	ADJ
cjfa-12562	7	25	monetary	monetary	ADJ
cjfa-12562	7	26	policy	policy	NOUN
cjfa-12562	7	27	,	,	PUNCT
cjfa-12562	7	28	quantitative	quantitative	ADJ
cjfa-12562	7	29	easing	easing	NOUN
cjfa-12562	7	30	,	,	PUNCT
cjfa-12562	7	31	european	european	PROPN
cjfa-12562	7	32	central	central	PROPN
cjfa-12562	7	33	bank	bank	PROPN
cjfa-12562	7	34	.	.	PUNCT
cjfa-12562	8	1	j	j	PROPN
cjfa-12562	8	2	e	e	PROPN
cjfa-12562	8	3	l	l	NOUN
cjfa-12562	8	4	classification	classification	NOUN
cjfa-12562	8	5	:	:	PUNCT
cjfa-12562	9	1	e52	e52	PROPN
cjfa-12562	9	2	,	,	PUNCT
cjfa-12562	9	3	e58	e58	PROPN
cjfa-12562	9	4	.	.	PUNCT
cjfa-12562	10	1	abstract	abstract	ADJ
cjfa-12562	10	2	:	:	PUNCT
cjfa-12562	10	3	in	in	ADP
cjfa-12562	10	4	reaction	reaction	NOUN
cjfa-12562	10	5	to	to	ADP
cjfa-12562	10	6	the	the	DET
cjfa-12562	10	7	global	global	ADJ
cjfa-12562	10	8	financial	financial	ADJ
cjfa-12562	10	9	crisis	crisis	NOUN
cjfa-12562	10	10	and	and	CCONJ
cjfa-12562	10	11	ineffectiveness	ineffectiveness	NOUN
cjfa-12562	10	12	of	of	ADP
cjfa-12562	10	13	traditional	traditional	ADJ
cjfa-12562	10	14	monetary	monetary	ADJ
cjfa-12562	10	15	policy	policy	NOUN
cjfa-12562	10	16	,	,	PUNCT
cjfa-12562	10	17	european	european	PROPN
cjfa-12562	10	18	central	central	PROPN
cjfa-12562	10	19	bank	bank	PROPN
cjfa-12562	10	20	undertook	undertake	VERB
cjfa-12562	10	21	a	a	DET
cjfa-12562	10	22	number	number	NOUN
cjfa-12562	10	23	of	of	ADP
cjfa-12562	10	24	unconventional	unconventional	ADJ
cjfa-12562	10	25	measures	measure	NOUN
cjfa-12562	10	26	to	to	PART
cjfa-12562	10	27	preserve	preserve	VERB
cjfa-12562	10	28	financial	financial	ADJ
cjfa-12562	10	29	stability	stability	NOUN
cjfa-12562	10	30	in	in	ADP
cjfa-12562	10	31	the	the	DET
cjfa-12562	10	32	eu	eu	PROPN
cjfa-12562	10	33	.	.	PUNCT
cjfa-12562	11	1	the	the	DET
cjfa-12562	11	2	paper	paper	NOUN
cjfa-12562	11	3	presents	present	VERB
cjfa-12562	11	4	a	a	DET
cjfa-12562	11	5	non	non	ADJ
cjfa-12562	11	6	-	-	ADJ
cjfa-12562	11	7	standard	standard	ADJ
cjfa-12562	11	8	tools	tool	NOUN
cjfa-12562	11	9	used	use	VERB
cjfa-12562	11	10	by	by	ADP
cjfa-12562	11	11	the	the	DET
cjfa-12562	11	12	ecb	ecb	NOUN
cjfa-12562	11	13	in	in	ADP
cjfa-12562	11	14	the	the	DET
cjfa-12562	11	15	2008–2012	2008–2012	NUM
cjfa-12562	11	16	period	period	NOUN
cjfa-12562	11	17	,	,	PUNCT
cjfa-12562	11	18	as	as	ADP
cjfa-12562	11	19	a	a	DET
cjfa-12562	11	20	response	response	NOUN
cjfa-12562	11	21	to	to	ADP
cjfa-12562	11	22	shocks	shock	NOUN
cjfa-12562	11	23	in	in	ADP
cjfa-12562	11	24	the	the	DET
cjfa-12562	11	25	financial	financial	ADJ
cjfa-12562	11	26	system	system	NOUN
cjfa-12562	11	27	and	and	CCONJ
cjfa-12562	11	28	evaluates	evaluate	VERB
cjfa-12562	11	29	their	their	PRON
cjfa-12562	11	30	effectiveness	effectiveness	NOUN
cjfa-12562	11	31	.	.	PUNCT
cjfa-12562	11	32	 	 	SPACE
cjfa-12562	12	1	introduction	introduction	NOUN
cjfa-12562	12	2	despite	despite	SCONJ
cjfa-12562	12	3	its	its	PRON
cjfa-12562	12	4	importance	importance	NOUN
cjfa-12562	12	5	and	and	CCONJ
cjfa-12562	12	6	numerous	numerous	ADJ
cjfa-12562	12	7	discussions	discussion	NOUN
cjfa-12562	12	8	in	in	ADP
cjfa-12562	12	9	the	the	DET
cjfa-12562	12	10	financial	financial	ADJ
cjfa-12562	12	11	literature	literature	NOUN
cjfa-12562	12	12	,	,	PUNCT
cjfa-12562	12	13	the	the	DET
cjfa-12562	12	14	concept	concept	NOUN
cjfa-12562	12	15	of	of	ADP
cjfa-12562	12	16	financial	financial	ADJ
cjfa-12562	12	17	stability	stability	NOUN
cjfa-12562	12	18	has	have	VERB
cjfa-12562	12	19	many	many	ADJ
cjfa-12562	12	20	definitions	definition	NOUN
cjfa-12562	12	21	and	and	CCONJ
cjfa-12562	12	22	manifestations	manifestation	NOUN
cjfa-12562	12	23	.	.	PUNCT
cjfa-12562	13	1	moreover	moreover	ADV
cjfa-12562	13	2	,	,	PUNCT
cjfa-12562	13	3	the	the	DET
cjfa-12562	13	4	terms	term	NOUN
cjfa-12562	13	5	“	"	PUNCT
cjfa-12562	13	6	financial	financial	ADJ
cjfa-12562	13	7	stability	stability	NOUN
cjfa-12562	13	8	”	"	PUNCT
cjfa-12562	13	9	and	and	CCONJ
cjfa-12562	13	10	“	"	PUNCT
cjfa-12562	13	11	the	the	DET
cjfa-12562	13	12	stability	stability	NOUN
cjfa-12562	13	13	of	of	ADP
cjfa-12562	13	14	the	the	DET
cjfa-12562	13	15	financial	financial	ADJ
cjfa-12562	13	16	system	system	NOUN
cjfa-12562	13	17	”	"	PUNCT
cjfa-12562	13	18	are	be	AUX
cjfa-12562	13	19	often	often	ADV
cjfa-12562	13	20	used	use	VERB
cjfa-12562	13	21	interchangeably	interchangeably	ADV
cjfa-12562	13	22	in	in	ADP
cjfa-12562	13	23	the	the	DET
cjfa-12562	13	24	financial	financial	ADJ
cjfa-12562	13	25	literature	literature	NOUN
cjfa-12562	13	26	.	.	PUNCT
cjfa-12562	14	1	for	for	ADP
cjfa-12562	14	2	the	the	DET
cjfa-12562	14	3	purpose	purpose	NOUN
cjfa-12562	14	4	of	of	ADP
cjfa-12562	14	5	this	this	DET
cjfa-12562	14	6	article	article	NOUN
cjfa-12562	14	7	,	,	PUNCT
cjfa-12562	14	8	the	the	DET
cjfa-12562	14	9	definition	definition	NOUN
cjfa-12562	14	10	of	of	ADP
cjfa-12562	14	11	financial	financial	ADJ
cjfa-12562	14	12	stability	stability	NOUN
cjfa-12562	14	13	used	use	VERB
cjfa-12562	14	14	most	most	ADV
cjfa-12562	14	15	frequently	frequently	ADV
cjfa-12562	14	16	by	by	ADP
cjfa-12562	14	17	the	the	DET
cjfa-12562	14	18	european	european	PROPN
cjfa-12562	14	19	central	central	PROPN
cjfa-12562	14	20	bank	bank	PROPN
cjfa-12562	14	21	’s	’s	PART
cjfa-12562	14	22	(	(	PUNCT
cjfa-12562	14	23	ecb	ecb	NOUN
cjfa-12562	14	24	)	)	PUNCT
cjfa-12562	14	25	has	have	AUX
cjfa-12562	14	26	been	be	AUX
cjfa-12562	14	27	adopted	adopt	VERB
cjfa-12562	14	28	,	,	PUNCT
cjfa-12562	14	29	where	where	SCONJ
cjfa-12562	14	30	financial	financial	ADJ
cjfa-12562	14	31	stability	stability	NOUN
cjfa-12562	14	32	is	be	AUX
cjfa-12562	14	33	defined	define	VERB
cjfa-12562	14	34	as	as	ADP
cjfa-12562	14	35	:	:	PUNCT
cjfa-12562	14	36	“	"	PUNCT
cjfa-12562	14	37	a	a	DET
cjfa-12562	14	38	situation	situation	NOUN
cjfa-12562	14	39	where	where	SCONJ
cjfa-12562	14	40	the	the	DET
cjfa-12562	14	41	financial	financial	ADJ
cjfa-12562	14	42	system	system	NOUN
cjfa-12562	14	43	is	be	AUX
cjfa-12562	14	44	able	able	ADJ
cjfa-12562	14	45	to	to	PART
cjfa-12562	14	46	withstand	withstand	VERB
cjfa-12562	14	47	ecoradosław	ecoradosław	PROPN
cjfa-12562	14	48	ciukaj58	ciukaj58	NOUN
cjfa-12562	14	49	nomic	nomic	PROPN
cjfa-12562	14	50	shocks	shock	NOUN
cjfa-12562	14	51	without	without	ADP
cjfa-12562	14	52	the	the	DET
cjfa-12562	14	53	occurrence	occurrence	NOUN
cjfa-12562	14	54	of	of	ADP
cjfa-12562	14	55	significant	significant	ADJ
cjfa-12562	14	56	disturbances	disturbance	NOUN
cjfa-12562	14	57	in	in	ADP
cjfa-12562	14	58	the	the	DET
cjfa-12562	14	59	financial	financial	ADJ
cjfa-12562	14	60	intermediation	intermediation	NOUN
cjfa-12562	14	61	process	process	NOUN
cjfa-12562	14	62	and	and	CCONJ
cjfa-12562	14	63	the	the	DET
cjfa-12562	14	64	overall	overall	ADJ
cjfa-12562	14	65	availability	availability	NOUN
cjfa-12562	14	66	of	of	ADP
cjfa-12562	14	67	financial	financial	ADJ
cjfa-12562	14	68	services	service	NOUN
cjfa-12562	14	69	”	"	PUNCT
cjfa-12562	14	70	(	(	PUNCT
cjfa-12562	14	71	ebc	ebc	PROPN
cjfa-12562	14	72	,	,	PUNCT
cjfa-12562	14	73	2016b	2016b	NUM
cjfa-12562	14	74	)	)	PUNCT
cjfa-12562	14	75	.	.	PUNCT
cjfa-12562	15	1	the	the	DET
cjfa-12562	15	2	traditional	traditional	ADJ
cjfa-12562	15	3	approach	approach	NOUN
cjfa-12562	15	4	of	of	ADP
cjfa-12562	15	5	the	the	DET
cjfa-12562	15	6	central	central	ADJ
cjfa-12562	15	7	banks	bank	NOUN
cjfa-12562	15	8	to	to	PART
cjfa-12562	15	9	achieve	achieve	VERB
cjfa-12562	15	10	financial	financial	ADJ
cjfa-12562	15	11	stability	stability	NOUN
cjfa-12562	15	12	by	by	ADP
cjfa-12562	15	13	maintaining	maintain	VERB
cjfa-12562	15	14	low	low	ADJ
cjfa-12562	15	15	inflation	inflation	NOUN
cjfa-12562	15	16	and	and	CCONJ
cjfa-12562	15	17	by	by	ADP
cjfa-12562	15	18	providing	provide	VERB
cjfa-12562	15	19	a	a	DET
cjfa-12562	15	20	lender	lender	NOUN
cjfa-12562	15	21	of	of	ADP
cjfa-12562	15	22	last	last	ADJ
cjfa-12562	15	23	resort	resort	NOUN
cjfa-12562	15	24	function	function	NOUN
cjfa-12562	15	25	,	,	PUNCT
cjfa-12562	15	26	is	be	AUX
cjfa-12562	15	27	obsolete	obsolete	ADJ
cjfa-12562	15	28	in	in	ADP
cjfa-12562	15	29	the	the	DET
cjfa-12562	15	30	light	light	NOUN
cjfa-12562	15	31	of	of	ADP
cjfa-12562	15	32	the	the	DET
cjfa-12562	15	33	2007–2009	2007–2009	NUM
cjfa-12562	15	34	crisis	crisis	NOUN
cjfa-12562	15	35	.	.	PUNCT
cjfa-12562	16	1	therefore	therefore	ADV
cjfa-12562	16	2	,	,	PUNCT
cjfa-12562	16	3	the	the	DET
cjfa-12562	16	4	aim	aim	NOUN
cjfa-12562	16	5	of	of	ADP
cjfa-12562	16	6	this	this	DET
cjfa-12562	16	7	paper	paper	NOUN
cjfa-12562	16	8	is	be	AUX
cjfa-12562	16	9	to	to	PART
cjfa-12562	16	10	analyze	analyze	VERB
cjfa-12562	16	11	and	and	CCONJ
cjfa-12562	16	12	to	to	PART
cjfa-12562	16	13	assess	assess	VERB
cjfa-12562	16	14	the	the	DET
cjfa-12562	16	15	anti	anti	ADJ
cjfa-12562	16	16	-	-	ADJ
cjfa-12562	16	17	crisis	crisis	ADJ
cjfa-12562	16	18	tools	tool	NOUN
cjfa-12562	16	19	,	,	PUNCT
cjfa-12562	16	20	used	use	VERB
cjfa-12562	16	21	by	by	ADP
cjfa-12562	16	22	central	central	ADJ
cjfa-12562	16	23	banks	bank	NOUN
cjfa-12562	16	24	during	during	ADP
cjfa-12562	16	25	the	the	DET
cjfa-12562	16	26	last	last	ADJ
cjfa-12562	16	27	financial	financial	ADJ
cjfa-12562	16	28	crisis	crisis	NOUN
cjfa-12562	16	29	to	to	PART
cjfa-12562	16	30	ensure	ensure	VERB
cjfa-12562	16	31	the	the	DET
cjfa-12562	16	32	stability	stability	NOUN
cjfa-12562	16	33	of	of	ADP
cjfa-12562	16	34	the	the	DET
cjfa-12562	16	35	financial	financial	ADJ
cjfa-12562	16	36	system	system	NOUN
cjfa-12562	16	37	,	,	PUNCT
cjfa-12562	16	38	especially	especially	ADV
cjfa-12562	16	39	analyzing	analyze	VERB
cjfa-12562	16	40	the	the	DET
cjfa-12562	16	41	unconventional	unconventional	ADJ
cjfa-12562	16	42	measures	measure	NOUN
cjfa-12562	16	43	used	use	VERB
cjfa-12562	16	44	by	by	ADP
cjfa-12562	16	45	the	the	DET
cjfa-12562	16	46	european	european	PROPN
cjfa-12562	16	47	central	central	PROPN
cjfa-12562	16	48	bank	bank	PROPN
cjfa-12562	16	49	in	in	ADP
cjfa-12562	16	50	the	the	DET
cjfa-12562	16	51	years	year	NOUN
cjfa-12562	16	52	2008–2012	2008–2012	NUM
cjfa-12562	16	53	.	.	PUNCT
cjfa-12562	17	1	the	the	DET
cjfa-12562	17	2	first	first	ADJ
cjfa-12562	17	3	part	part	NOUN
cjfa-12562	17	4	of	of	ADP
cjfa-12562	17	5	the	the	DET
cjfa-12562	17	6	article	article	NOUN
cjfa-12562	17	7	presents	present	VERB
cjfa-12562	17	8	the	the	DET
cjfa-12562	17	9	tasks	task	NOUN
cjfa-12562	17	10	of	of	ADP
cjfa-12562	17	11	the	the	DET
cjfa-12562	17	12	central	central	ADJ
cjfa-12562	17	13	bank	bank	NOUN
cjfa-12562	17	14	in	in	ADP
cjfa-12562	17	15	the	the	DET
cjfa-12562	17	16	financial	financial	ADJ
cjfa-12562	17	17	safety	safety	NOUN
cjfa-12562	17	18	net	net	ADJ
cjfa-12562	17	19	and	and	CCONJ
cjfa-12562	17	20	traditional	traditional	ADJ
cjfa-12562	17	21	tools	tool	NOUN
cjfa-12562	17	22	used	use	VERB
cjfa-12562	17	23	by	by	ADP
cjfa-12562	17	24	central	central	ADJ
cjfa-12562	17	25	banks	bank	NOUN
cjfa-12562	17	26	to	to	PART
cjfa-12562	17	27	ensure	ensure	VERB
cjfa-12562	17	28	financial	financial	ADJ
cjfa-12562	17	29	stability	stability	NOUN
cjfa-12562	17	30	,	,	PUNCT
cjfa-12562	17	31	while	while	SCONJ
cjfa-12562	17	32	the	the	DET
cjfa-12562	17	33	second	second	ADJ
cjfa-12562	17	34	part	part	NOUN
cjfa-12562	17	35	portrays	portray	VERB
cjfa-12562	17	36	the	the	DET
cjfa-12562	17	37	unconventional	unconventional	ADJ
cjfa-12562	17	38	monetary	monetary	ADJ
cjfa-12562	17	39	policy	policy	NOUN
cjfa-12562	17	40	instruments	instrument	NOUN
cjfa-12562	17	41	,	,	PUNCT
cjfa-12562	17	42	which	which	PRON
cjfa-12562	17	43	were	be	AUX
cjfa-12562	17	44	used	use	VERB
cjfa-12562	17	45	by	by	ADP
cjfa-12562	17	46	ecb	ecb	PROPN
cjfa-12562	17	47	.	.	PUNCT
cjfa-12562	18	1	the	the	DET
cjfa-12562	18	2	research	research	NOUN
cjfa-12562	18	3	methodology	methodology	NOUN
cjfa-12562	18	4	and	and	CCONJ
cjfa-12562	18	5	the	the	DET
cjfa-12562	18	6	course	course	NOUN
cjfa-12562	18	7	of	of	ADP
cjfa-12562	18	8	the	the	DET
cjfa-12562	18	9	research	research	NOUN
cjfa-12562	18	10	process	process	NOUN
cjfa-12562	18	11	the	the	DET
cjfa-12562	18	12	preparation	preparation	NOUN
cjfa-12562	18	13	of	of	ADP
cjfa-12562	18	14	the	the	DET
cjfa-12562	18	15	article	article	NOUN
cjfa-12562	18	16	included	include	VERB
cjfa-12562	18	17	a	a	DET
cjfa-12562	18	18	thorough	thorough	ADJ
cjfa-12562	18	19	analysis	analysis	NOUN
cjfa-12562	18	20	of	of	ADP
cjfa-12562	18	21	domestic	domestic	ADJ
cjfa-12562	18	22	and	and	CCONJ
cjfa-12562	18	23	foreign	foreign	ADJ
cjfa-12562	18	24	literature	literature	NOUN
cjfa-12562	18	25	regarding	regard	VERB
cjfa-12562	18	26	monetary	monetary	ADJ
cjfa-12562	18	27	policy	policy	NOUN
cjfa-12562	18	28	,	,	PUNCT
cjfa-12562	18	29	unconventional	unconventional	ADJ
cjfa-12562	18	30	monetary	monetary	ADJ
cjfa-12562	18	31	policy	policy	NOUN
cjfa-12562	18	32	tools	tool	NOUN
cjfa-12562	18	33	and	and	CCONJ
cjfa-12562	18	34	actions	action	NOUN
cjfa-12562	18	35	of	of	ADP
cjfa-12562	18	36	the	the	DET
cjfa-12562	18	37	european	european	PROPN
cjfa-12562	18	38	central	central	PROPN
cjfa-12562	18	39	bank	bank	PROPN
cjfa-12562	18	40	during	during	ADP
cjfa-12562	18	41	the	the	DET
cjfa-12562	18	42	recent	recent	ADJ
cjfa-12562	18	43	financial	financial	ADJ
cjfa-12562	18	44	crisis	crisis	NOUN
cjfa-12562	18	45	.	.	PUNCT
cjfa-12562	19	1	the	the	DET
cjfa-12562	19	2	information	information	NOUN
cjfa-12562	19	3	were	be	AUX
cjfa-12562	19	4	also	also	ADV
cjfa-12562	19	5	taken	take	VERB
cjfa-12562	19	6	from	from	ADP
cjfa-12562	19	7	official	official	ADJ
cjfa-12562	19	8	documents	document	NOUN
cjfa-12562	19	9	,	,	PUNCT
cjfa-12562	19	10	published	publish	VERB
cjfa-12562	19	11	by	by	ADP
cjfa-12562	19	12	selected	select	VERB
cjfa-12562	19	13	international	international	ADJ
cjfa-12562	19	14	organizations	organization	NOUN
cjfa-12562	19	15	and	and	CCONJ
cjfa-12562	19	16	statistical	statistical	ADJ
cjfa-12562	19	17	data	datum	NOUN
cjfa-12562	19	18	.	.	PUNCT
cjfa-12562	20	1	the	the	DET
cjfa-12562	20	2	activities	activity	NOUN
cjfa-12562	20	3	of	of	ADP
cjfa-12562	20	4	central	central	ADJ
cjfa-12562	20	5	banks	bank	NOUN
cjfa-12562	20	6	to	to	PART
cjfa-12562	20	7	ensure	ensure	VERB
cjfa-12562	20	8	financial	financial	ADJ
cjfa-12562	20	9	stability	stability	NOUN
cjfa-12562	20	10	axel	axel	PROPN
cjfa-12562	20	11	a.	a.	PROPN
cjfa-12562	20	12	weber	weber	PROPN
cjfa-12562	20	13	draws	draw	VERB
cjfa-12562	20	14	attention	attention	NOUN
cjfa-12562	20	15	to	to	ADP
cjfa-12562	20	16	the	the	DET
cjfa-12562	20	17	fact	fact	NOUN
cjfa-12562	20	18	that	that	SCONJ
cjfa-12562	20	19	,	,	PUNCT
cjfa-12562	20	20	the	the	DET
cjfa-12562	20	21	role	role	NOUN
cjfa-12562	20	22	of	of	ADP
cjfa-12562	20	23	central	central	ADJ
cjfa-12562	20	24	banks	bank	NOUN
cjfa-12562	20	25	,	,	PUNCT
cjfa-12562	20	26	as	as	ADP
cjfa-12562	20	27	an	an	DET
cjfa-12562	20	28	entity	entity	NOUN
cjfa-12562	20	29	acting	act	VERB
cjfa-12562	20	30	for	for	ADP
cjfa-12562	20	31	financial	financial	ADJ
cjfa-12562	20	32	stability	stability	NOUN
cjfa-12562	20	33	,	,	PUNCT
cjfa-12562	20	34	should	should	AUX
cjfa-12562	20	35	not	not	PART
cjfa-12562	20	36	lead	lead	VERB
cjfa-12562	20	37	to	to	ADP
cjfa-12562	20	38	the	the	DET
cjfa-12562	20	39	conclusion	conclusion	NOUN
cjfa-12562	20	40	that	that	SCONJ
cjfa-12562	20	41	central	central	ADJ
cjfa-12562	20	42	banks	bank	NOUN
cjfa-12562	20	43	have	have	AUX
cjfa-12562	20	44	to	to	PART
cjfa-12562	20	45	take	take	VERB
cjfa-12562	20	46	rapid	rapid	ADJ
cjfa-12562	20	47	action	action	NOUN
cjfa-12562	20	48	in	in	ADP
cjfa-12562	20	49	the	the	DET
cjfa-12562	20	50	face	face	NOUN
cjfa-12562	20	51	of	of	ADP
cjfa-12562	20	52	financial	financial	ADJ
cjfa-12562	20	53	turmoil	turmoil	NOUN
cjfa-12562	20	54	.	.	PUNCT
cjfa-12562	21	1	the	the	DET
cjfa-12562	21	2	main	main	ADJ
cjfa-12562	21	3	entities	entity	NOUN
cjfa-12562	21	4	,	,	PUNCT
cjfa-12562	21	5	that	that	PRON
cjfa-12562	21	6	should	should	AUX
cjfa-12562	21	7	be	be	AUX
cjfa-12562	21	8	responsible	responsible	ADJ
cjfa-12562	21	9	for	for	ADP
cjfa-12562	21	10	financial	financial	ADJ
cjfa-12562	21	11	stability	stability	NOUN
cjfa-12562	21	12	,	,	PUNCT
cjfa-12562	21	13	are	be	AUX
cjfa-12562	21	14	primarily	primarily	ADV
cjfa-12562	21	15	market	market	NOUN
cjfa-12562	21	16	participants	participant	NOUN
cjfa-12562	21	17	and	and	CCONJ
cjfa-12562	21	18	central	central	ADJ
cjfa-12562	21	19	banks	bank	NOUN
cjfa-12562	21	20	play	play	VERB
cjfa-12562	21	21	secondary	secondary	ADJ
cjfa-12562	21	22	role	role	NOUN
cjfa-12562	21	23	(	(	PUNCT
cjfa-12562	21	24	bis	bis	INTJ
cjfa-12562	21	25	,	,	PUNCT
cjfa-12562	21	26	2008	2008	NUM
cjfa-12562	21	27	,	,	PUNCT
cjfa-12562	21	28	p.	p.	NOUN
cjfa-12562	21	29	1	1	NUM
cjfa-12562	21	30	)	)	PUNCT
cjfa-12562	21	31	.	.	PUNCT
cjfa-12562	22	1	among	among	ADP
cjfa-12562	22	2	the	the	DET
cjfa-12562	22	3	bodies	body	NOUN
cjfa-12562	22	4	of	of	ADP
cjfa-12562	22	5	safety	safety	NOUN
cjfa-12562	22	6	net	net	NOUN
cjfa-12562	22	7	,	,	PUNCT
cjfa-12562	22	8	central	central	ADJ
cjfa-12562	22	9	banks	bank	NOUN
cjfa-12562	22	10	have	have	VERB
cjfa-12562	22	11	the	the	DET
cjfa-12562	22	12	longest	long	ADJ
cjfa-12562	22	13	history	history	NOUN
cjfa-12562	22	14	of	of	ADP
cjfa-12562	22	15	activity	activity	NOUN
cjfa-12562	22	16	for	for	ADP
cjfa-12562	22	17	financial	financial	ADJ
cjfa-12562	22	18	stability	stability	NOUN
cjfa-12562	22	19	.	.	PUNCT
cjfa-12562	23	1	currently	currently	ADV
cjfa-12562	23	2	,	,	PUNCT
cjfa-12562	23	3	as	as	SCONJ
cjfa-12562	23	4	the	the	DET
cjfa-12562	23	5	functions	function	NOUN
cjfa-12562	23	6	of	of	ADP
cjfa-12562	23	7	the	the	DET
cjfa-12562	23	8	central	central	ADJ
cjfa-12562	23	9	bank	bank	NOUN
cjfa-12562	23	10	in	in	ADP
cjfa-12562	23	11	the	the	DET
cjfa-12562	23	12	safety	safety	NOUN
cjfa-12562	23	13	could	could	AUX
cjfa-12562	23	14	be	be	AUX
cjfa-12562	23	15	mentioned	mention	VERB
cjfa-12562	23	16	:	:	PUNCT
cjfa-12562	23	17	1	1	X
cjfa-12562	23	18	)	)	PUNCT
cjfa-12562	23	19	function	function	NOUN
cjfa-12562	23	20	as	as	ADP
cjfa-12562	23	21	the	the	DET
cjfa-12562	23	22	lender	lender	NOUN
cjfa-12562	23	23	of	of	ADP
cjfa-12562	23	24	last	last	ADJ
cjfa-12562	23	25	resort	resort	NOUN
cjfa-12562	23	26	,	,	PUNCT
cjfa-12562	23	27	2	2	X
cjfa-12562	23	28	)	)	PUNCT
cjfa-12562	23	29	function	function	NOUN
cjfa-12562	23	30	of	of	ADP
cjfa-12562	23	31	taking	take	VERB
cjfa-12562	23	32	care	care	NOUN
cjfa-12562	23	33	of	of	ADP
cjfa-12562	23	34	the	the	DET
cjfa-12562	23	35	security	security	NOUN
cjfa-12562	23	36	of	of	ADP
cjfa-12562	23	37	the	the	DET
cjfa-12562	23	38	payment	payment	NOUN
cjfa-12562	23	39	system	system	NOUN
cjfa-12562	23	40	,	,	PUNCT
cjfa-12562	23	41	3	3	X
cjfa-12562	23	42	)	)	PUNCT
cjfa-12562	23	43	function	function	NOUN
cjfa-12562	23	44	of	of	ADP
cjfa-12562	23	45	macro	macro	ADJ
cjfa-12562	23	46	-	-	ADJ
cjfa-12562	23	47	prudential	prudential	ADJ
cjfa-12562	23	48	supervision	supervision	NOUN
cjfa-12562	23	49	,	,	PUNCT
cjfa-12562	23	50	4	4	X
cjfa-12562	23	51	)	)	PUNCT
cjfa-12562	23	52	function	function	NOUN
cjfa-12562	23	53	of	of	ADP
cjfa-12562	23	54	an	an	DET
cjfa-12562	23	55	information	information	NOUN
cjfa-12562	23	56	policy	policy	NOUN
cjfa-12562	23	57	of	of	ADP
cjfa-12562	23	58	the	the	DET
cjfa-12562	23	59	central	central	ADJ
cjfa-12562	23	60	bank	bank	NOUN
cjfa-12562	23	61	.	.	PUNCT
cjfa-12562	24	1	managing	manage	VERB
cjfa-12562	24	2	financial	financial	ADJ
cjfa-12562	24	3	stability	stability	NOUN
cjfa-12562	24	4	by	by	ADP
cjfa-12562	24	5	the	the	DET
cjfa-12562	24	6	european	european	PROPN
cjfa-12562	24	7	central	central	PROPN
cjfa-12562	24	8	bank	bank	PROPN
cjfa-12562	24	9	…	…	PUNCT
cjfa-12562	24	10	59	59	NUM
cjfa-12562	24	11	the	the	DET
cjfa-12562	24	12	central	central	ADJ
cjfa-12562	24	13	bank	bank	NOUN
cjfa-12562	24	14	,	,	PUNCT
cjfa-12562	24	15	as	as	ADP
cjfa-12562	24	16	a	a	DET
cjfa-12562	24	17	body	body	NOUN
cjfa-12562	24	18	in	in	ADP
cjfa-12562	24	19	the	the	DET
cjfa-12562	24	20	safety	safety	NOUN
cjfa-12562	24	21	net	net	NOUN
cjfa-12562	24	22	,	,	PUNCT
cjfa-12562	24	23	is	be	AUX
cjfa-12562	24	24	the	the	DET
cjfa-12562	24	25	lender	lender	NOUN
cjfa-12562	24	26	of	of	ADP
cjfa-12562	24	27	last	last	ADJ
cjfa-12562	24	28	resort	resort	NOUN
cjfa-12562	24	29	.	.	PUNCT
cjfa-12562	25	1	emergency	emergency	NOUN
cjfa-12562	25	2	money	money	NOUN
cjfa-12562	25	3	supply	supply	NOUN
cjfa-12562	25	4	conducted	conduct	VERB
cjfa-12562	25	5	by	by	ADP
cjfa-12562	25	6	central	central	ADJ
cjfa-12562	25	7	bank	bank	NOUN
cjfa-12562	25	8	,	,	PUNCT
cjfa-12562	25	9	in	in	ADP
cjfa-12562	25	10	case	case	NOUN
cjfa-12562	25	11	of	of	ADP
cjfa-12562	25	12	disorders	disorder	NOUN
cjfa-12562	25	13	associated	associate	VERB
cjfa-12562	25	14	with	with	ADP
cjfa-12562	25	15	the	the	DET
cjfa-12562	25	16	lack	lack	NOUN
cjfa-12562	25	17	of	of	ADP
cjfa-12562	25	18	possibility	possibility	NOUN
cjfa-12562	25	19	to	to	PART
cjfa-12562	25	20	raise	raise	VERB
cjfa-12562	25	21	funds	fund	NOUN
cjfa-12562	25	22	on	on	ADP
cjfa-12562	25	23	the	the	DET
cjfa-12562	25	24	financial	financial	ADJ
cjfa-12562	25	25	market	market	NOUN
cjfa-12562	25	26	,	,	PUNCT
cjfa-12562	25	27	can	can	AUX
cjfa-12562	25	28	be	be	AUX
cjfa-12562	25	29	done	do	VERB
cjfa-12562	25	30	in	in	ADP
cjfa-12562	25	31	two	two	NUM
cjfa-12562	25	32	ways	way	NOUN
cjfa-12562	25	33	,	,	PUNCT
cjfa-12562	25	34	depending	depend	VERB
cjfa-12562	25	35	on	on	ADP
cjfa-12562	25	36	the	the	DET
cjfa-12562	25	37	nature	nature	NOUN
cjfa-12562	25	38	of	of	ADP
cjfa-12562	25	39	the	the	DET
cjfa-12562	25	40	crisis	crisis	NOUN
cjfa-12562	25	41	:	:	PUNCT
cjfa-12562	25	42	1	1	X
cjfa-12562	25	43	)	)	PUNCT
cjfa-12562	25	44	through	through	ADP
cjfa-12562	25	45	bilateral	bilateral	ADJ
cjfa-12562	25	46	operations	operation	NOUN
cjfa-12562	25	47	with	with	ADP
cjfa-12562	25	48	a	a	DET
cjfa-12562	25	49	single	single	ADJ
cjfa-12562	25	50	bank	bank	NOUN
cjfa-12562	25	51	if	if	SCONJ
cjfa-12562	25	52	the	the	DET
cjfa-12562	25	53	only	only	ADJ
cjfa-12562	25	54	one	one	NUM
cjfa-12562	25	55	institution	institution	NOUN
cjfa-12562	25	56	,	,	PUNCT
cjfa-12562	25	57	that	that	PRON
cjfa-12562	25	58	is	be	AUX
cjfa-12562	25	59	systemically	systemically	ADV
cjfa-12562	25	60	important	important	ADJ
cjfa-12562	25	61	,	,	PUNCT
cjfa-12562	25	62	has	have	VERB
cjfa-12562	25	63	a	a	DET
cjfa-12562	25	64	trouble	trouble	NOUN
cjfa-12562	25	65	,	,	PUNCT
cjfa-12562	25	66	2	2	NUM
cjfa-12562	25	67	)	)	PUNCT
cjfa-12562	25	68	through	through	ADP
cjfa-12562	25	69	open	open	ADJ
cjfa-12562	25	70	market	market	NOUN
cjfa-12562	25	71	operations	operation	NOUN
cjfa-12562	25	72	,	,	PUNCT
cjfa-12562	25	73	when	when	SCONJ
cjfa-12562	25	74	the	the	DET
cjfa-12562	25	75	crisis	crisis	NOUN
cjfa-12562	25	76	is	be	AUX
cjfa-12562	25	77	connected	connect	VERB
cjfa-12562	25	78	with	with	ADP
cjfa-12562	25	79	increased	increase	VERB
cjfa-12562	25	80	demand	demand	NOUN
cjfa-12562	25	81	for	for	ADP
cjfa-12562	25	82	funds	fund	NOUN
cjfa-12562	25	83	in	in	ADP
cjfa-12562	25	84	the	the	DET
cjfa-12562	25	85	whole	whole	ADJ
cjfa-12562	25	86	banking	banking	NOUN
cjfa-12562	25	87	system	system	NOUN
cjfa-12562	25	88	(	(	PUNCT
cjfa-12562	25	89	szczepańska	szczepańska	PROPN
cjfa-12562	25	90	,	,	PUNCT
cjfa-12562	25	91	2007	2007	NUM
cjfa-12562	25	92	,	,	PUNCT
cjfa-12562	25	93	p.	p.	NOUN
cjfa-12562	25	94	61	61	NUM
cjfa-12562	25	95	)	)	PUNCT
cjfa-12562	25	96	.	.	PUNCT
cjfa-12562	26	1	the	the	DET
cjfa-12562	26	2	financial	financial	ADJ
cjfa-12562	26	3	crisis	crisis	NOUN
cjfa-12562	26	4	2007–2008	2007–2008	NUM
cjfa-12562	26	5	has	have	AUX
cjfa-12562	26	6	confirmed	confirm	VERB
cjfa-12562	26	7	the	the	DET
cjfa-12562	26	8	importance	importance	NOUN
cjfa-12562	26	9	of	of	ADP
cjfa-12562	26	10	the	the	DET
cjfa-12562	26	11	function	function	NOUN
cjfa-12562	26	12	of	of	ADP
cjfa-12562	26	13	the	the	DET
cjfa-12562	26	14	central	central	ADJ
cjfa-12562	26	15	bank	bank	NOUN
cjfa-12562	26	16	as	as	ADP
cjfa-12562	26	17	a	a	DET
cjfa-12562	26	18	lender	lender	NOUN
cjfa-12562	26	19	of	of	ADP
cjfa-12562	26	20	last	last	ADJ
cjfa-12562	26	21	resort	resort	NOUN
cjfa-12562	26	22	.	.	PUNCT
cjfa-12562	27	1	many	many	ADJ
cjfa-12562	27	2	banks	bank	NOUN
cjfa-12562	27	3	launched	launch	VERB
cjfa-12562	27	4	this	this	DET
cjfa-12562	27	5	way	way	NOUN
cjfa-12562	27	6	of	of	ADP
cjfa-12562	27	7	help	help	NOUN
cjfa-12562	27	8	for	for	ADP
cjfa-12562	27	9	commercial	commercial	ADJ
cjfa-12562	27	10	banks	bank	NOUN
cjfa-12562	27	11	in	in	ADP
cjfa-12562	27	12	order	order	NOUN
cjfa-12562	27	13	to	to	PART
cjfa-12562	27	14	prevent	prevent	VERB
cjfa-12562	27	15	the	the	DET
cjfa-12562	27	16	loss	loss	NOUN
cjfa-12562	27	17	of	of	ADP
cjfa-12562	27	18	their	their	PRON
cjfa-12562	27	19	liquidity	liquidity	NOUN
cjfa-12562	27	20	and	and	CCONJ
cjfa-12562	27	21	thus	thus	ADV
cjfa-12562	27	22	avoid	avoid	VERB
cjfa-12562	27	23	major	major	ADJ
cjfa-12562	27	24	turbulence	turbulence	NOUN
cjfa-12562	27	25	in	in	ADP
cjfa-12562	27	26	the	the	DET
cjfa-12562	27	27	financial	financial	ADJ
cjfa-12562	27	28	system	system	NOUN
cjfa-12562	27	29	.	.	PUNCT
cjfa-12562	28	1	the	the	DET
cjfa-12562	28	2	payment	payment	NOUN
cjfa-12562	28	3	system	system	NOUN
cjfa-12562	28	4	is	be	AUX
cjfa-12562	28	5	a	a	DET
cjfa-12562	28	6	set	set	NOUN
cjfa-12562	28	7	of	of	ADP
cjfa-12562	28	8	instruments	instrument	NOUN
cjfa-12562	28	9	,	,	PUNCT
cjfa-12562	28	10	regulations	regulation	NOUN
cjfa-12562	28	11	,	,	PUNCT
cjfa-12562	28	12	procedures	procedure	NOUN
cjfa-12562	28	13	,	,	PUNCT
cjfa-12562	28	14	banking	banking	NOUN
cjfa-12562	28	15	and	and	CCONJ
cjfa-12562	28	16	inter	inter	ADJ
cjfa-12562	28	17	-	-	ADJ
cjfa-12562	28	18	operating	operate	VERB
cjfa-12562	28	19	systems	system	NOUN
cjfa-12562	28	20	,	,	PUNCT
cjfa-12562	28	21	which	which	PRON
cjfa-12562	28	22	enable	enable	VERB
cjfa-12562	28	23	financial	financial	ADJ
cjfa-12562	28	24	institutions	institution	NOUN
cjfa-12562	28	25	for	for	ADP
cjfa-12562	28	26	mutual	mutual	ADJ
cjfa-12562	28	27	presentation	presentation	NOUN
cjfa-12562	28	28	and	and	CCONJ
cjfa-12562	28	29	exchange	exchange	NOUN
cjfa-12562	28	30	of	of	ADP
cjfa-12562	28	31	data	datum	NOUN
cjfa-12562	28	32	and	and	CCONJ
cjfa-12562	28	33	documents	document	NOUN
cjfa-12562	28	34	related	relate	VERB
cjfa-12562	28	35	to	to	ADP
cjfa-12562	28	36	the	the	DET
cjfa-12562	28	37	transfer	transfer	NOUN
cjfa-12562	28	38	of	of	ADP
cjfa-12562	28	39	funds	fund	NOUN
cjfa-12562	28	40	.	.	PUNCT
cjfa-12562	29	1	it	it	PRON
cjfa-12562	29	2	is	be	AUX
cjfa-12562	29	3	also	also	ADV
cjfa-12562	29	4	considered	consider	VERB
cjfa-12562	29	5	as	as	ADP
cjfa-12562	29	6	a	a	DET
cjfa-12562	29	7	one	one	NUM
cjfa-12562	29	8	of	of	ADP
cjfa-12562	29	9	the	the	DET
cjfa-12562	29	10	most	most	ADV
cjfa-12562	29	11	important	important	ADJ
cjfa-12562	29	12	elements	element	NOUN
cjfa-12562	29	13	of	of	ADP
cjfa-12562	29	14	not	not	PART
cjfa-12562	29	15	only	only	ADV
cjfa-12562	29	16	the	the	DET
cjfa-12562	29	17	infrastructure	infrastructure	NOUN
cjfa-12562	29	18	of	of	ADP
cjfa-12562	29	19	financial	financial	ADJ
cjfa-12562	29	20	markets	market	NOUN
cjfa-12562	29	21	,	,	PUNCT
cjfa-12562	29	22	but	but	CCONJ
cjfa-12562	29	23	also	also	ADV
cjfa-12562	29	24	the	the	DET
cjfa-12562	29	25	entire	entire	ADJ
cjfa-12562	29	26	economy	economy	NOUN
cjfa-12562	29	27	.	.	PUNCT
cjfa-12562	30	1	in	in	ADP
cjfa-12562	30	2	the	the	DET
cjfa-12562	30	3	last	last	ADJ
cjfa-12562	30	4	decades	decade	NOUN
cjfa-12562	30	5	turnovers	turnover	NOUN
cjfa-12562	30	6	in	in	ADP
cjfa-12562	30	7	payment	payment	NOUN
cjfa-12562	30	8	systems	system	NOUN
cjfa-12562	30	9	have	have	AUX
cjfa-12562	30	10	significantly	significantly	ADV
cjfa-12562	30	11	increased	increase	VERB
cjfa-12562	30	12	,	,	PUNCT
cjfa-12562	30	13	what	what	PRON
cjfa-12562	30	14	is	be	AUX
cjfa-12562	30	15	more	more	ADJ
cjfa-12562	30	16	in	in	ADP
cjfa-12562	30	17	some	some	DET
cjfa-12562	30	18	countries	country	NOUN
cjfa-12562	30	19	it	it	PRON
cjfa-12562	30	20	exceeds	exceed	VERB
cjfa-12562	30	21	the	the	DET
cjfa-12562	30	22	country	country	NOUN
cjfa-12562	30	23	’s	’s	PART
cjfa-12562	30	24	gdp	gdp	NOUN
cjfa-12562	30	25	.	.	PUNCT
cjfa-12562	31	1	therefore	therefore	ADV
cjfa-12562	31	2	,	,	PUNCT
cjfa-12562	31	3	the	the	DET
cjfa-12562	31	4	security	security	NOUN
cjfa-12562	31	5	of	of	ADP
cjfa-12562	31	6	the	the	DET
cjfa-12562	31	7	payment	payment	NOUN
cjfa-12562	31	8	system	system	NOUN
cjfa-12562	31	9	is	be	AUX
cjfa-12562	31	10	essential	essential	ADJ
cjfa-12562	31	11	for	for	ADP
cjfa-12562	31	12	preserving	preserve	VERB
cjfa-12562	31	13	the	the	DET
cjfa-12562	31	14	stability	stability	NOUN
cjfa-12562	31	15	of	of	ADP
cjfa-12562	31	16	the	the	DET
cjfa-12562	31	17	financial	financial	ADJ
cjfa-12562	31	18	system	system	NOUN
cjfa-12562	31	19	.	.	PUNCT
cjfa-12562	32	1	the	the	DET
cjfa-12562	32	2	tasks	task	NOUN
cjfa-12562	32	3	which	which	PRON
cjfa-12562	32	4	are	be	AUX
cjfa-12562	32	5	performed	perform	VERB
cjfa-12562	32	6	by	by	ADP
cjfa-12562	32	7	central	central	ADJ
cjfa-12562	32	8	banks	bank	NOUN
cjfa-12562	32	9	in	in	ADP
cjfa-12562	32	10	connection	connection	NOUN
cjfa-12562	32	11	to	to	ADP
cjfa-12562	32	12	payment	payment	NOUN
cjfa-12562	32	13	systems	system	NOUN
cjfa-12562	32	14	,	,	PUNCT
cjfa-12562	32	15	are	be	AUX
cjfa-12562	32	16	focused	focus	VERB
cjfa-12562	32	17	on	on	ADP
cjfa-12562	32	18	two	two	NUM
cjfa-12562	32	19	areas	area	NOUN
cjfa-12562	32	20	:	:	PUNCT
cjfa-12562	32	21	1	1	X
cjfa-12562	32	22	)	)	PUNCT
cjfa-12562	32	23	operational	operational	ADJ
cjfa-12562	32	24	area	area	NOUN
cjfa-12562	32	25	,	,	PUNCT
cjfa-12562	32	26	2	2	X
cjfa-12562	32	27	)	)	PUNCT
cjfa-12562	32	28	regulatory	regulatory	ADJ
cjfa-12562	32	29	and	and	CCONJ
cjfa-12562	32	30	supervisory	supervisory	ADJ
cjfa-12562	32	31	area	area	NOUN
cjfa-12562	32	32	.	.	PUNCT
cjfa-12562	33	1	the	the	DET
cjfa-12562	33	2	functions	function	NOUN
cjfa-12562	33	3	of	of	ADP
cjfa-12562	33	4	the	the	DET
cjfa-12562	33	5	central	central	ADJ
cjfa-12562	33	6	bank	bank	NOUN
cjfa-12562	33	7	in	in	ADP
cjfa-12562	33	8	the	the	DET
cjfa-12562	33	9	operational	operational	ADJ
cjfa-12562	33	10	area	area	NOUN
cjfa-12562	33	11	rely	rely	VERB
cjfa-12562	33	12	on	on	ADP
cjfa-12562	33	13	the	the	DET
cjfa-12562	33	14	creation	creation	NOUN
cjfa-12562	33	15	and	and	CCONJ
cjfa-12562	33	16	operation	operation	NOUN
cjfa-12562	33	17	of	of	ADP
cjfa-12562	33	18	payment	payment	NOUN
cjfa-12562	33	19	systems	system	NOUN
cjfa-12562	33	20	.	.	PUNCT
cjfa-12562	34	1	the	the	DET
cjfa-12562	34	2	central	central	ADJ
cjfa-12562	34	3	bank	bank	PROPN
cjfa-12562	34	4	as	as	ADP
cjfa-12562	34	5	the	the	DET
cjfa-12562	34	6	operator	operator	NOUN
cjfa-12562	34	7	and	and	CCONJ
cjfa-12562	34	8	owner	owner	NOUN
cjfa-12562	34	9	of	of	ADP
cjfa-12562	34	10	the	the	DET
cjfa-12562	34	11	system	system	NOUN
cjfa-12562	34	12	has	have	VERB
cjfa-12562	34	13	the	the	DET
cjfa-12562	34	14	opportunity	opportunity	NOUN
cjfa-12562	34	15	to	to	PART
cjfa-12562	34	16	influence	influence	VERB
cjfa-12562	34	17	during	during	ADP
cjfa-12562	34	18	the	the	DET
cjfa-12562	34	19	design	design	NOUN
cjfa-12562	34	20	and	and	CCONJ
cjfa-12562	34	21	implementation	implementation	NOUN
cjfa-12562	34	22	of	of	ADP
cjfa-12562	34	23	the	the	DET
cjfa-12562	34	24	system	system	NOUN
cjfa-12562	34	25	.	.	PUNCT
cjfa-12562	35	1	in	in	ADP
cjfa-12562	35	2	most	most	ADJ
cjfa-12562	35	3	countries	country	NOUN
cjfa-12562	35	4	,	,	PUNCT
cjfa-12562	35	5	central	central	ADJ
cjfa-12562	35	6	banks	bank	NOUN
cjfa-12562	35	7	own	own	VERB
cjfa-12562	35	8	or	or	CCONJ
cjfa-12562	35	9	run	run	VERB
cjfa-12562	35	10	at	at	ADV
cjfa-12562	35	11	least	least	ADV
cjfa-12562	35	12	one	one	NUM
cjfa-12562	35	13	payment	payment	NOUN
cjfa-12562	35	14	system	system	NOUN
cjfa-12562	35	15	(	(	PUNCT
cjfa-12562	35	16	especially	especially	ADV
cjfa-12562	35	17	high	high	ADJ
cjfa-12562	35	18	-	-	PUNCT
cjfa-12562	35	19	value	value	NOUN
cjfa-12562	35	20	systems	system	NOUN
cjfa-12562	35	21	,	,	PUNCT
cjfa-12562	35	22	which	which	PRON
cjfa-12562	35	23	are	be	AUX
cjfa-12562	35	24	used	use	VERB
cjfa-12562	35	25	to	to	PART
cjfa-12562	35	26	implement	implement	VERB
cjfa-12562	35	27	monetary	monetary	ADJ
cjfa-12562	35	28	policy	policy	NOUN
cjfa-12562	35	29	instruments	instrument	NOUN
cjfa-12562	35	30	)	)	PUNCT
cjfa-12562	35	31	.	.	PUNCT
cjfa-12562	36	1	the	the	DET
cjfa-12562	36	2	functions	function	NOUN
cjfa-12562	36	3	of	of	ADP
cjfa-12562	36	4	the	the	DET
cjfa-12562	36	5	central	central	ADJ
cjfa-12562	36	6	bank	bank	NOUN
cjfa-12562	36	7	in	in	ADP
cjfa-12562	36	8	the	the	DET
cjfa-12562	36	9	regulatory	regulatory	ADJ
cjfa-12562	36	10	and	and	CCONJ
cjfa-12562	36	11	supervisory	supervisory	ADJ
cjfa-12562	36	12	area	area	NOUN
cjfa-12562	36	13	focus	focus	VERB
cjfa-12562	36	14	mainly	mainly	ADV
cjfa-12562	36	15	on	on	ADP
cjfa-12562	36	16	the	the	DET
cjfa-12562	36	17	reduction	reduction	NOUN
cjfa-12562	36	18	of	of	ADP
cjfa-12562	36	19	risk	risk	NOUN
cjfa-12562	36	20	and	and	CCONJ
cjfa-12562	36	21	the	the	DET
cjfa-12562	36	22	appropriate	appropriate	ADJ
cjfa-12562	36	23	management	management	NOUN
cjfa-12562	36	24	of	of	ADP
cjfa-12562	36	25	this	this	DET
cjfa-12562	36	26	risk	risk	NOUN
cjfa-12562	36	27	by	by	ADP
cjfa-12562	36	28	payment	payment	NOUN
cjfa-12562	36	29	systems	system	NOUN
cjfa-12562	36	30	.	.	PUNCT
cjfa-12562	37	1	at	at	ADP
cjfa-12562	37	2	the	the	DET
cjfa-12562	37	3	same	same	ADJ
cjfa-12562	37	4	time	time	NOUN
cjfa-12562	37	5	the	the	DET
cjfa-12562	37	6	central	central	ADJ
cjfa-12562	37	7	banks	bank	NOUN
cjfa-12562	37	8	must	must	AUX
cjfa-12562	37	9	heed	heed	VERB
cjfa-12562	37	10	the	the	DET
cjfa-12562	37	11	efficiency	efficiency	NOUN
cjfa-12562	37	12	of	of	ADP
cjfa-12562	37	13	the	the	DET
cjfa-12562	37	14	payment	payment	NOUN
cjfa-12562	37	15	system	system	NOUN
cjfa-12562	37	16	,	,	PUNCT
cjfa-12562	37	17	because	because	SCONJ
cjfa-12562	37	18	it	it	PRON
cjfa-12562	37	19	is	be	AUX
cjfa-12562	37	20	not	not	PART
cjfa-12562	37	21	advisable	advisable	ADJ
cjfa-12562	37	22	to	to	PART
cjfa-12562	37	23	create	create	VERB
cjfa-12562	37	24	a	a	DET
cjfa-12562	37	25	completely	completely	ADV
cjfa-12562	37	26	secure	secure	ADJ
cjfa-12562	37	27	system	system	NOUN
cjfa-12562	37	28	that	that	SCONJ
cjfa-12562	37	29	on	on	ADP
cjfa-12562	37	30	the	the	DET
cjfa-12562	37	31	other	other	ADJ
cjfa-12562	37	32	side	side	NOUN
cjfa-12562	37	33	would	would	AUX
cjfa-12562	37	34	be	be	AUX
cjfa-12562	37	35	too	too	ADV
cjfa-12562	37	36	costly	costly	ADJ
cjfa-12562	37	37	for	for	ADP
cjfa-12562	37	38	users	user	NOUN
cjfa-12562	37	39	.	.	PUNCT
cjfa-12562	38	1	oversight	oversight	NOUN
cjfa-12562	38	2	of	of	ADP
cjfa-12562	38	3	payment	payment	NOUN
cjfa-12562	38	4	systems	system	NOUN
cjfa-12562	38	5	refers	refer	VERB
cjfa-12562	38	6	to	to	ADP
cjfa-12562	38	7	a	a	DET
cjfa-12562	38	8	transfer	transfer	NOUN
cjfa-12562	38	9	of	of	ADP
cjfa-12562	38	10	funds	fund	NOUN
cjfa-12562	38	11	,	,	PUNCT
cjfa-12562	38	12	and	and	CCONJ
cjfa-12562	38	13	not	not	PART
cjfa-12562	38	14	to	to	ADP
cjfa-12562	38	15	individual	individual	ADJ
cjfa-12562	38	16	participants	participant	NOUN
cjfa-12562	38	17	.	.	PUNCT
cjfa-12562	39	1	radosław	radosław	PROPN
cjfa-12562	39	2	ciukaj60	ciukaj60	NOUN
cjfa-12562	39	3	globalization	globalization	NOUN
cjfa-12562	39	4	,	,	PUNCT
cjfa-12562	39	5	bigger	big	ADJ
cjfa-12562	39	6	and	and	CCONJ
cjfa-12562	39	7	bigger	big	ADJ
cjfa-12562	39	8	rate	rate	NOUN
cjfa-12562	39	9	of	of	ADP
cjfa-12562	39	10	assets	asset	NOUN
cjfa-12562	39	11	of	of	ADP
cjfa-12562	39	12	the	the	DET
cjfa-12562	39	13	financial	financial	ADJ
cjfa-12562	39	14	sector	sector	NOUN
cjfa-12562	39	15	in	in	ADP
cjfa-12562	39	16	relation	relation	NOUN
cjfa-12562	39	17	to	to	ADP
cjfa-12562	39	18	country	country	NOUN
cjfa-12562	39	19	’s	’s	PART
cjfa-12562	39	20	gdp	gdp	NOUN
cjfa-12562	39	21	and	and	CCONJ
cjfa-12562	39	22	the	the	DET
cjfa-12562	39	23	growing	grow	VERB
cjfa-12562	39	24	relations	relation	NOUN
cjfa-12562	39	25	of	of	ADP
cjfa-12562	39	26	the	the	DET
cjfa-12562	39	27	financial	financial	ADJ
cjfa-12562	39	28	system	system	NOUN
cjfa-12562	39	29	to	to	ADP
cjfa-12562	39	30	the	the	DET
cjfa-12562	39	31	real	real	ADJ
cjfa-12562	39	32	economy	economy	NOUN
cjfa-12562	39	33	have	have	AUX
cjfa-12562	39	34	created	create	VERB
cjfa-12562	39	35	the	the	DET
cjfa-12562	39	36	need	need	NOUN
cjfa-12562	39	37	to	to	PART
cjfa-12562	39	38	monitor	monitor	VERB
cjfa-12562	39	39	the	the	DET
cjfa-12562	39	40	condition	condition	NOUN
cjfa-12562	39	41	of	of	ADP
cjfa-12562	39	42	the	the	DET
cjfa-12562	39	43	whole	whole	ADJ
cjfa-12562	39	44	financial	financial	ADJ
cjfa-12562	39	45	sector	sector	NOUN
cjfa-12562	39	46	,	,	PUNCT
cjfa-12562	39	47	instead	instead	ADV
cjfa-12562	39	48	of	of	ADP
cjfa-12562	39	49	a	a	DET
cjfa-12562	39	50	single	single	ADJ
cjfa-12562	39	51	institution	institution	NOUN
cjfa-12562	39	52	.	.	PUNCT
cjfa-12562	40	1	these	these	DET
cjfa-12562	40	2	activities	activity	NOUN
cjfa-12562	40	3	are	be	AUX
cjfa-12562	40	4	called	call	VERB
cjfa-12562	40	5	macroprudential	macroprudential	ADJ
cjfa-12562	40	6	analysis	analysis	NOUN
cjfa-12562	40	7	and	and	CCONJ
cjfa-12562	40	8	naturally	naturally	ADV
cjfa-12562	40	9	become	become	VERB
cjfa-12562	40	10	the	the	DET
cjfa-12562	40	11	domain	domain	NOUN
cjfa-12562	40	12	of	of	ADP
cjfa-12562	40	13	central	central	ADJ
cjfa-12562	40	14	banks	bank	NOUN
cjfa-12562	40	15	,	,	PUNCT
cjfa-12562	40	16	because	because	SCONJ
cjfa-12562	40	17	they	they	PRON
cjfa-12562	40	18	have	have	AUX
cjfa-12562	40	19	already	already	ADV
cjfa-12562	40	20	been	be	AUX
cjfa-12562	40	21	leading	lead	VERB
cjfa-12562	40	22	analysis	analysis	NOUN
cjfa-12562	40	23	for	for	ADP
cjfa-12562	40	24	monetary	monetary	ADJ
cjfa-12562	40	25	policy	policy	NOUN
cjfa-12562	40	26	purposes	purpose	NOUN
cjfa-12562	40	27	,	,	PUNCT
cjfa-12562	40	28	have	have	VERB
cjfa-12562	40	29	skilled	skilled	ADJ
cjfa-12562	40	30	staff	staff	NOUN
cjfa-12562	40	31	,	,	PUNCT
cjfa-12562	40	32	adequate	adequate	ADJ
cjfa-12562	40	33	knowledge	knowledge	NOUN
cjfa-12562	40	34	and	and	CCONJ
cjfa-12562	40	35	tools	tool	NOUN
cjfa-12562	40	36	.	.	PUNCT
cjfa-12562	41	1	differences	difference	NOUN
cjfa-12562	41	2	between	between	ADP
cjfa-12562	41	3	macro	macro	NOUN
cjfa-12562	41	4	and	and	CCONJ
cjfa-12562	41	5	micro	micro	ADJ
cjfa-12562	41	6	-	-	NOUN
cjfa-12562	41	7	prudential	prudential	ADJ
cjfa-12562	41	8	analysis	analysis	NOUN
cjfa-12562	41	9	presents	present	NOUN
cjfa-12562	41	10	table	table	NOUN
cjfa-12562	41	11	1	1	NUM
cjfa-12562	41	12	.	.	PUNCT
cjfa-12562	41	13	table	table	NOUN
cjfa-12562	41	14	1	1	NUM
cjfa-12562	41	15	.	.	PUNCT
cjfa-12562	41	16	differences	difference	NOUN
cjfa-12562	41	17	between	between	ADP
cjfa-12562	41	18	micro	micro	NOUN
cjfa-12562	41	19	and	and	CCONJ
cjfa-12562	41	20	macro	macro	ADJ
cjfa-12562	41	21	-	-	ADJ
cjfa-12562	41	22	prudential	prudential	ADJ
cjfa-12562	41	23	approach	approach	NOUN
cjfa-12562	41	24	to	to	ADP
cjfa-12562	41	25	supervision	supervision	NOUN
cjfa-12562	41	26	specification	specification	NOUN
cjfa-12562	41	27	method	method	NOUN
cjfa-12562	41	28	of	of	ADP
cjfa-12562	41	29	analysis	analysis	NOUN
cjfa-12562	41	30	micro	micro	ADJ
cjfa-12562	41	31	-	-	NOUN
cjfa-12562	41	32	prudential	prudential	ADJ
cjfa-12562	41	33	macro	macro	PROPN
cjfa-12562	41	34	-	-	ADJ
cjfa-12562	41	35	prudential	prudential	ADJ
cjfa-12562	41	36	direct	direct	ADJ
cjfa-12562	41	37	purpose	purpose	NOUN
cjfa-12562	41	38	limit	limit	VERB
cjfa-12562	41	39	risks	risk	NOUN
cjfa-12562	41	40	to	to	ADP
cjfa-12562	41	41	a	a	DET
cjfa-12562	41	42	single	single	ADJ
cjfa-12562	41	43	financial	financial	ADJ
cjfa-12562	41	44	institution	institution	NOUN
cjfa-12562	41	45	limit	limit	VERB
cjfa-12562	41	46	risks	risk	NOUN
cjfa-12562	41	47	to	to	ADP
cjfa-12562	41	48	the	the	DET
cjfa-12562	41	49	entire	entire	ADJ
cjfa-12562	41	50	financial	financial	ADJ
cjfa-12562	41	51	system	system	NOUN
cjfa-12562	41	52	final	final	ADJ
cjfa-12562	41	53	purpose	purpose	NOUN
cjfa-12562	41	54	protection	protection	NOUN
cjfa-12562	41	55	of	of	ADP
cjfa-12562	41	56	depositors	depositor	NOUN
cjfa-12562	41	57	and	and	CCONJ
cjfa-12562	41	58	investors	investor	NOUN
cjfa-12562	41	59	avoiding	avoid	VERB
cjfa-12562	41	60	macroeconomic	macroeconomic	ADJ
cjfa-12562	41	61	costs	cost	NOUN
cjfa-12562	41	62	of	of	ADP
cjfa-12562	41	63	the	the	DET
cjfa-12562	41	64	crisis	crisis	NOUN
cjfa-12562	41	65	(	(	PUNCT
cjfa-12562	41	66	fall	fall	VERB
cjfa-12562	41	67	in	in	ADP
cjfa-12562	41	68	gdp	gdp	NOUN
cjfa-12562	41	69	)	)	PUNCT
cjfa-12562	41	70	relationships	relationship	NOUN
cjfa-12562	41	71	and	and	CCONJ
cjfa-12562	41	72	linkages	linkage	NOUN
cjfa-12562	41	73	between	between	ADP
cjfa-12562	41	74	financial	financial	ADJ
cjfa-12562	41	75	institutions	institution	NOUN
cjfa-12562	41	76	irrelevant	irrelevant	ADJ
cjfa-12562	41	77	relevant	relevant	ADJ
cjfa-12562	41	78	the	the	DET
cjfa-12562	41	79	perspective	perspective	NOUN
cjfa-12562	41	80	of	of	ADP
cjfa-12562	41	81	risk	risk	NOUN
cjfa-12562	41	82	’s	’s	PART
cjfa-12562	41	83	assessment	assessment	NOUN
cjfa-12562	41	84	to	to	ADP
cjfa-12562	41	85	financial	financial	ADJ
cjfa-12562	41	86	stability	stability	NOUN
cjfa-12562	41	87	from	from	ADP
cjfa-12562	41	88	the	the	DET
cjfa-12562	41	89	point	point	NOUN
cjfa-12562	41	90	of	of	ADP
cjfa-12562	41	91	view	view	NOUN
cjfa-12562	41	92	on	on	ADP
cjfa-12562	41	93	the	the	DET
cjfa-12562	41	94	risk	risk	NOUN
cjfa-12562	41	95	for	for	ADP
cjfa-12562	41	96	a	a	DET
cjfa-12562	41	97	single	single	ADJ
cjfa-12562	41	98	institution	institution	NOUN
cjfa-12562	41	99	:	:	PUNCT
cjfa-12562	41	100	bottom	bottom	ADJ
cjfa-12562	41	101	-	-	PUNCT
cjfa-12562	41	102	up	up	ADP
cjfa-12562	41	103	approach	approach	NOUN
cjfa-12562	41	104	from	from	ADP
cjfa-12562	41	105	the	the	DET
cjfa-12562	41	106	point	point	NOUN
cjfa-12562	41	107	of	of	ADP
cjfa-12562	41	108	view	view	NOUN
cjfa-12562	41	109	on	on	ADP
cjfa-12562	41	110	the	the	DET
cjfa-12562	41	111	risk	risk	NOUN
cjfa-12562	41	112	for	for	ADP
cjfa-12562	41	113	the	the	DET
cjfa-12562	41	114	instability	instability	NOUN
cjfa-12562	41	115	of	of	ADP
cjfa-12562	41	116	the	the	DET
cjfa-12562	41	117	entire	entire	ADJ
cjfa-12562	41	118	system	system	NOUN
cjfa-12562	41	119	:	:	PUNCT
cjfa-12562	41	120	top	top	ADJ
cjfa-12562	41	121	-	-	PUNCT
cjfa-12562	41	122	down	down	ADP
cjfa-12562	41	123	approach	approach	NOUN
cjfa-12562	41	124	subject	subject	NOUN
cjfa-12562	41	125	of	of	ADP
cjfa-12562	41	126	analysis	analysis	NOUN
cjfa-12562	41	127	single	single	ADJ
cjfa-12562	41	128	institution	institution	NOUN
cjfa-12562	41	129	–	–	PUNCT
cjfa-12562	41	130	singular	singular	NOUN
cjfa-12562	41	131	data	data	VERB
cjfa-12562	41	132	the	the	DET
cjfa-12562	41	133	whole	whole	ADJ
cjfa-12562	41	134	financial	financial	ADJ
cjfa-12562	41	135	systemaggregated	systemaggregate	VERB
cjfa-12562	41	136	data	datum	NOUN
cjfa-12562	41	137	time	time	NOUN
cjfa-12562	41	138	perspective	perspective	NOUN
cjfa-12562	41	139	of	of	ADP
cjfa-12562	41	140	analysis	analysis	NOUN
cjfa-12562	41	141	approach	approach	NOUN
cjfa-12562	41	142	based	base	VERB
cjfa-12562	41	143	on	on	ADP
cjfa-12562	41	144	the	the	DET
cjfa-12562	41	145	past	past	ADJ
cjfa-12562	41	146	approach	approach	NOUN
cjfa-12562	41	147	oriented	orient	VERB
cjfa-12562	41	148	for	for	ADP
cjfa-12562	41	149	the	the	DET
cjfa-12562	41	150	future	future	NOUN
cjfa-12562	41	151	s	s	PART
cjfa-12562	41	152	o	o	NOUN
cjfa-12562	41	153	u	u	NOUN
cjfa-12562	41	154	r	r	NOUN
cjfa-12562	41	155	c	c	NOUN
cjfa-12562	41	156	e	e	NOUN
cjfa-12562	41	157	:	:	PUNCT
cjfa-12562	41	158	szczepańska	szczepańska	PROPN
cjfa-12562	41	159	,	,	PUNCT
cjfa-12562	41	160	2007	2007	NUM
cjfa-12562	41	161	,	,	PUNCT
cjfa-12562	41	162	p.	p.	NOUN
cjfa-12562	41	163	61	61	NUM
cjfa-12562	41	164	.	.	PUNCT
cjfa-12562	42	1	the	the	DET
cjfa-12562	42	2	central	central	PROPN
cjfa-12562	42	3	bank	bank	PROPN
cjfa-12562	42	4	also	also	ADV
cjfa-12562	42	5	uses	use	VERB
cjfa-12562	42	6	information	information	NOUN
cjfa-12562	42	7	policy	policy	NOUN
cjfa-12562	42	8	as	as	ADP
cjfa-12562	42	9	a	a	DET
cjfa-12562	42	10	tool	tool	NOUN
cjfa-12562	42	11	to	to	PART
cjfa-12562	42	12	support	support	VERB
cjfa-12562	42	13	the	the	DET
cjfa-12562	42	14	stability	stability	NOUN
cjfa-12562	42	15	of	of	ADP
cjfa-12562	42	16	the	the	DET
cjfa-12562	42	17	financial	financial	ADJ
cjfa-12562	42	18	system	system	NOUN
cjfa-12562	42	19	.	.	PUNCT
cjfa-12562	43	1	along	along	ADP
cjfa-12562	43	2	with	with	ADP
cjfa-12562	43	3	the	the	DET
cjfa-12562	43	4	increase	increase	NOUN
cjfa-12562	43	5	in	in	ADP
cjfa-12562	43	6	complexity	complexity	NOUN
cjfa-12562	43	7	of	of	ADP
cjfa-12562	43	8	new	new	ADJ
cjfa-12562	43	9	financial	financial	ADJ
cjfa-12562	43	10	instruments	instrument	NOUN
cjfa-12562	43	11	,	,	PUNCT
cjfa-12562	43	12	information	information	NOUN
cjfa-12562	43	13	policy	policy	NOUN
cjfa-12562	43	14	can	can	AUX
cjfa-12562	43	15	be	be	AUX
cjfa-12562	43	16	used	use	VERB
cjfa-12562	43	17	as	as	ADP
cjfa-12562	43	18	an	an	DET
cjfa-12562	43	19	element	element	NOUN
cjfa-12562	43	20	of	of	ADP
cjfa-12562	43	21	public	public	ADJ
cjfa-12562	43	22	education	education	NOUN
cjfa-12562	43	23	.	.	PUNCT
cjfa-12562	44	1	imitating	imitate	VERB
cjfa-12562	44	2	reports	report	NOUN
cjfa-12562	44	3	about	about	ADP
cjfa-12562	44	4	inflation	inflation	NOUN
cjfa-12562	44	5	,	,	PUNCT
cjfa-12562	44	6	central	central	ADJ
cjfa-12562	44	7	banks	bank	NOUN
cjfa-12562	44	8	have	have	AUX
cjfa-12562	44	9	begun	begin	VERB
cjfa-12562	44	10	to	to	PART
cjfa-12562	44	11	publish	publish	VERB
cjfa-12562	44	12	the	the	DET
cjfa-12562	44	13	so	so	ADV
cjfa-12562	44	14	-	-	PUNCT
cjfa-12562	44	15	called	call	VERB
cjfa-12562	44	16	.	.	PUNCT
cjfa-12562	45	1	reports	report	NOUN
cjfa-12562	45	2	on	on	ADP
cjfa-12562	45	3	financial	financial	ADJ
cjfa-12562	45	4	stability	stability	NOUN
cjfa-12562	45	5	(	(	PUNCT
cjfa-12562	45	6	from	from	ADP
cjfa-12562	45	7	year	year	NOUN
cjfa-12562	45	8	to	to	ADP
cjfa-12562	45	9	year	year	NOUN
cjfa-12562	45	10	the	the	DET
cjfa-12562	45	11	number	number	NOUN
cjfa-12562	45	12	of	of	ADP
cjfa-12562	45	13	published	publish	VERB
cjfa-12562	45	14	reports	report	NOUN
cjfa-12562	45	15	increases	increase	NOUN
cjfa-12562	45	16	)	)	PUNCT
cjfa-12562	45	17	.	.	PUNCT
cjfa-12562	46	1	reports	report	NOUN
cjfa-12562	46	2	about	about	ADP
cjfa-12562	46	3	the	the	DET
cjfa-12562	46	4	stability	stability	NOUN
cjfa-12562	46	5	of	of	ADP
cjfa-12562	46	6	the	the	DET
cjfa-12562	46	7	financial	financial	ADJ
cjfa-12562	46	8	system	system	NOUN
cjfa-12562	46	9	is	be	AUX
cjfa-12562	46	10	one	one	NUM
cjfa-12562	46	11	of	of	ADP
cjfa-12562	46	12	the	the	DET
cjfa-12562	46	13	few	few	ADJ
cjfa-12562	46	14	central	central	ADJ
cjfa-12562	46	15	bank	bank	NOUN
cjfa-12562	46	16	’s	’s	PART
cjfa-12562	46	17	ways	way	NOUN
cjfa-12562	46	18	to	to	PART
cjfa-12562	46	19	communicate	communicate	VERB
cjfa-12562	46	20	with	with	ADP
cjfa-12562	46	21	the	the	DET
cjfa-12562	46	22	environment	environment	NOUN
cjfa-12562	46	23	.	.	PUNCT
cjfa-12562	47	1	other	other	ADJ
cjfa-12562	47	2	measures	measure	NOUN
cjfa-12562	47	3	include	include	VERB
cjfa-12562	47	4	:	:	PUNCT
cjfa-12562	47	5	1	1	X
cjfa-12562	47	6	)	)	PUNCT
cjfa-12562	47	7	speeches	speech	NOUN
cjfa-12562	47	8	of	of	ADP
cjfa-12562	47	9	representatives	representative	NOUN
cjfa-12562	47	10	of	of	ADP
cjfa-12562	47	11	the	the	DET
cjfa-12562	47	12	central	central	ADJ
cjfa-12562	47	13	bank	bank	NOUN
cjfa-12562	47	14	,	,	PUNCT
cjfa-12562	47	15	2	2	X
cjfa-12562	47	16	)	)	PUNCT
cjfa-12562	47	17	press	press	NOUN
cjfa-12562	47	18	publication	publication	NOUN
cjfa-12562	47	19	of	of	ADP
cjfa-12562	47	20	the	the	DET
cjfa-12562	47	21	central	central	ADJ
cjfa-12562	47	22	bank	bank	NOUN
cjfa-12562	47	23	,	,	PUNCT
cjfa-12562	47	24	managing	manage	VERB
cjfa-12562	47	25	financial	financial	ADJ
cjfa-12562	47	26	stability	stability	NOUN
cjfa-12562	47	27	by	by	ADP
cjfa-12562	47	28	the	the	DET
cjfa-12562	47	29	european	european	PROPN
cjfa-12562	47	30	central	central	PROPN
cjfa-12562	47	31	bank	bank	PROPN
cjfa-12562	47	32	…	…	PUNCT
cjfa-12562	47	33	61	61	NUM
cjfa-12562	47	34	3	3	NUM
cjfa-12562	47	35	)	)	PUNCT
cjfa-12562	47	36	information	information	NOUN
cjfa-12562	47	37	published	publish	VERB
cjfa-12562	47	38	on	on	ADP
cjfa-12562	47	39	the	the	DET
cjfa-12562	47	40	website	website	NOUN
cjfa-12562	47	41	of	of	ADP
cjfa-12562	47	42	the	the	DET
cjfa-12562	47	43	central	central	ADJ
cjfa-12562	47	44	bank	bank	NOUN
cjfa-12562	47	45	(	(	PUNCT
cjfa-12562	47	46	szczepańska	szczepańska	PROPN
cjfa-12562	47	47	,	,	PUNCT
cjfa-12562	47	48	2007	2007	NUM
cjfa-12562	47	49	,	,	PUNCT
cjfa-12562	47	50	p.	p.	NOUN
cjfa-12562	47	51	71	71	NUM
cjfa-12562	47	52	)	)	PUNCT
cjfa-12562	47	53	.	.	PUNCT
cjfa-12562	48	1	in	in	ADP
cjfa-12562	48	2	a	a	DET
cjfa-12562	48	3	country	country	NOUN
cjfa-12562	48	4	where	where	SCONJ
cjfa-12562	48	5	the	the	DET
cjfa-12562	48	6	central	central	ADJ
cjfa-12562	48	7	bank	bank	NOUN
cjfa-12562	48	8	communicates	communicate	VERB
cjfa-12562	48	9	with	with	ADP
cjfa-12562	48	10	the	the	DET
cjfa-12562	48	11	environment	environment	NOUN
cjfa-12562	48	12	,	,	PUNCT
cjfa-12562	48	13	it	it	PRON
cjfa-12562	48	14	is	be	AUX
cjfa-12562	48	15	easier	easy	ADJ
cjfa-12562	48	16	to	to	PART
cjfa-12562	48	17	manage	manage	VERB
cjfa-12562	48	18	inflation	inflation	NOUN
cjfa-12562	48	19	expectations	expectation	NOUN
cjfa-12562	48	20	,	,	PUNCT
cjfa-12562	48	21	and	and	CCONJ
cjfa-12562	48	22	thus	thus	ADV
cjfa-12562	48	23	maintains	maintain	VERB
cjfa-12562	48	24	the	the	DET
cjfa-12562	48	25	planned	plan	VERB
cjfa-12562	48	26	level	level	NOUN
cjfa-12562	48	27	of	of	ADP
cjfa-12562	48	28	inflation	inflation	NOUN
cjfa-12562	48	29	,	,	PUNCT
cjfa-12562	48	30	which	which	PRON
cjfa-12562	48	31	is	be	AUX
cjfa-12562	48	32	important	important	ADJ
cjfa-12562	48	33	factor	factor	NOUN
cjfa-12562	48	34	for	for	ADP
cjfa-12562	48	35	stability	stability	NOUN
cjfa-12562	48	36	of	of	ADP
cjfa-12562	48	37	the	the	DET
cjfa-12562	48	38	financial	financial	ADJ
cjfa-12562	48	39	system	system	NOUN
cjfa-12562	48	40	(	(	PUNCT
cjfa-12562	48	41	capiga	capiga	PROPN
cjfa-12562	48	42	,	,	PUNCT
cjfa-12562	48	43	2010	2010	NUM
cjfa-12562	48	44	,	,	PUNCT
cjfa-12562	48	45	p.	p.	NOUN
cjfa-12562	48	46	71	71	NUM
cjfa-12562	48	47	)	)	PUNCT
cjfa-12562	48	48	.	.	PUNCT
cjfa-12562	49	1	stabilizing	stabilize	VERB
cjfa-12562	49	2	actions	action	NOUN
cjfa-12562	49	3	of	of	ADP
cjfa-12562	49	4	the	the	DET
cjfa-12562	49	5	european	european	PROPN
cjfa-12562	49	6	central	central	PROPN
cjfa-12562	49	7	bank	bank	PROPN
cjfa-12562	49	8	during	during	ADP
cjfa-12562	49	9	the	the	DET
cjfa-12562	49	10	first	first	ADJ
cjfa-12562	49	11	phase	phase	NOUN
cjfa-12562	49	12	of	of	ADP
cjfa-12562	49	13	the	the	DET
cjfa-12562	49	14	financial	financial	ADJ
cjfa-12562	49	15	crisis	crisis	NOUN
cjfa-12562	49	16	despite	despite	SCONJ
cjfa-12562	49	17	the	the	DET
cjfa-12562	49	18	first	first	ADJ
cjfa-12562	49	19	signs	sign	NOUN
cjfa-12562	49	20	of	of	ADP
cjfa-12562	49	21	the	the	DET
cjfa-12562	49	22	upcoming	upcoming	ADJ
cjfa-12562	49	23	crisis	crisis	NOUN
cjfa-12562	49	24	in	in	ADP
cjfa-12562	49	25	2008	2008	NUM
cjfa-12562	49	26	,	,	PUNCT
cjfa-12562	49	27	the	the	DET
cjfa-12562	49	28	european	european	PROPN
cjfa-12562	49	29	central	central	PROPN
cjfa-12562	49	30	bank	bank	PROPN
cjfa-12562	49	31	raised	raise	VERB
cjfa-12562	49	32	interest	interest	NOUN
cjfa-12562	49	33	rates	rate	NOUN
cjfa-12562	49	34	by	by	ADP
cjfa-12562	49	35	25	25	NUM
cjfa-12562	49	36	basis	basis	NOUN
cjfa-12562	49	37	points	point	NOUN
cjfa-12562	49	38	.	.	PUNCT
cjfa-12562	50	1	this	this	DET
cjfa-12562	50	2	step	step	NOUN
cjfa-12562	50	3	was	be	AUX
cjfa-12562	50	4	explained	explain	VERB
cjfa-12562	50	5	by	by	ADP
cjfa-12562	50	6	the	the	DET
cjfa-12562	50	7	president	president	NOUN
cjfa-12562	50	8	of	of	ADP
cjfa-12562	50	9	the	the	DET
cjfa-12562	50	10	ecb	ecb	PROPN
cjfa-12562	50	11	as	as	ADP
cjfa-12562	50	12	the	the	DET
cjfa-12562	50	13	necessity	necessity	NOUN
cjfa-12562	50	14	of	of	ADP
cjfa-12562	50	15	taking	take	VERB
cjfa-12562	50	16	care	care	NOUN
cjfa-12562	50	17	of	of	ADP
cjfa-12562	50	18	the	the	DET
cjfa-12562	50	19	central	central	PROPN
cjfa-12562	50	20	bank	bank	PROPN
cjfa-12562	50	21	’s	’s	PART
cjfa-12562	50	22	primary	primary	ADJ
cjfa-12562	50	23	objective	objective	NOUN
cjfa-12562	50	24	,	,	PUNCT
cjfa-12562	50	25	which	which	PRON
cjfa-12562	50	26	is	be	AUX
cjfa-12562	50	27	to	to	PART
cjfa-12562	50	28	maintain	maintain	VERB
cjfa-12562	50	29	price	price	NOUN
cjfa-12562	50	30	stability	stability	NOUN
cjfa-12562	50	31	(	(	PUNCT
cjfa-12562	50	32	ecb	ecb	NOUN
cjfa-12562	50	33	,	,	PUNCT
cjfa-12562	50	34	2008	2008	NUM
cjfa-12562	50	35	)	)	PUNCT
cjfa-12562	50	36	.	.	PUNCT
cjfa-12562	51	1	the	the	DET
cjfa-12562	51	2	first	first	ADJ
cjfa-12562	51	3	time	time	NOUN
cjfa-12562	51	4	,	,	PUNCT
cjfa-12562	51	5	when	when	SCONJ
cjfa-12562	51	6	interest	interest	NOUN
cjfa-12562	51	7	rates	rate	NOUN
cjfa-12562	51	8	of	of	ADP
cjfa-12562	51	9	the	the	DET
cjfa-12562	51	10	main	main	ADJ
cjfa-12562	51	11	refinancing	refinancing	NOUN
cjfa-12562	51	12	operations	operation	NOUN
cjfa-12562	51	13	were	be	AUX
cjfa-12562	51	14	reduced	reduce	VERB
cjfa-12562	51	15	about	about	ADP
cjfa-12562	51	16	325	325	NUM
cjfa-12562	51	17	basis	basis	NOUN
cjfa-12562	51	18	points	point	NOUN
cjfa-12562	51	19	,	,	PUNCT
cjfa-12562	51	20	was	be	AUX
cjfa-12562	51	21	at	at	ADP
cjfa-12562	51	22	the	the	DET
cjfa-12562	51	23	end	end	NOUN
cjfa-12562	51	24	of	of	ADP
cjfa-12562	51	25	2008	2008	NUM
cjfa-12562	51	26	.	.	PUNCT
cjfa-12562	52	1	at	at	ADP
cjfa-12562	52	2	that	that	DET
cjfa-12562	52	3	time	time	NOUN
cjfa-12562	52	4	,	,	PUNCT
cjfa-12562	52	5	this	this	DET
cjfa-12562	52	6	reduction	reduction	NOUN
cjfa-12562	52	7	was	be	AUX
cjfa-12562	52	8	historically	historically	ADV
cjfa-12562	52	9	the	the	DET
cjfa-12562	52	10	lowest	low	ADJ
cjfa-12562	52	11	.	.	PUNCT
cjfa-12562	53	1	in	in	ADP
cjfa-12562	53	2	2011	2011	NUM
cjfa-12562	53	3	,	,	PUNCT
cjfa-12562	53	4	ecb	ecb	PROPN
cjfa-12562	53	5	raised	raise	VERB
cjfa-12562	53	6	again	again	ADV
cjfa-12562	53	7	interest	interest	NOUN
cjfa-12562	53	8	rates	rate	NOUN
cjfa-12562	53	9	,	,	PUNCT
cjfa-12562	53	10	because	because	SCONJ
cjfa-12562	53	11	authorities	authority	NOUN
cjfa-12562	53	12	of	of	ADP
cjfa-12562	53	13	european	european	PROPN
cjfa-12562	53	14	central	central	PROPN
cjfa-12562	53	15	bank	bank	PROPN
cjfa-12562	53	16	wanted	want	VERB
cjfa-12562	53	17	to	to	PART
cjfa-12562	53	18	anchor	anchor	VERB
cjfa-12562	53	19	inflations	inflation	VERB
cjfa-12562	53	20	expectations	expectation	NOUN
cjfa-12562	53	21	at	at	ADP
cjfa-12562	53	22	the	the	DET
cjfa-12562	53	23	level	level	NOUN
cjfa-12562	53	24	consistent	consistent	ADJ
cjfa-12562	53	25	with	with	ADP
cjfa-12562	53	26	its	its	PRON
cjfa-12562	53	27	mail	mail	NOUN
cjfa-12562	53	28	goal	goal	NOUN
cjfa-12562	53	29	(	(	PUNCT
cjfa-12562	53	30	ecb	ecb	NOUN
cjfa-12562	53	31	,	,	PUNCT
cjfa-12562	53	32	2011a	2011a	NUM
cjfa-12562	53	33	)	)	PUNCT
cjfa-12562	53	34	,	,	PUNCT
cjfa-12562	53	35	but	but	CCONJ
cjfa-12562	53	36	then	then	ADV
cjfa-12562	53	37	they	they	PRON
cjfa-12562	53	38	again	again	ADV
cjfa-12562	53	39	returned	return	VERB
cjfa-12562	53	40	to	to	ADP
cjfa-12562	53	41	reductions	reduction	NOUN
cjfa-12562	53	42	of	of	ADP
cjfa-12562	53	43	interest	interest	NOUN
cjfa-12562	53	44	rates	rate	NOUN
cjfa-12562	53	45	to	to	PART
cjfa-12562	53	46	achieve	achieve	VERB
cjfa-12562	53	47	bottom	bottom	ADJ
cjfa-12562	53	48	-	-	PUNCT
cjfa-12562	53	49	most	most	ADJ
cjfa-12562	53	50	level	level	NOUN
cjfa-12562	53	51	of	of	ADP
cjfa-12562	53	52	rates	rate	NOUN
cjfa-12562	53	53	:	:	PUNCT
cjfa-12562	53	54	0,3	0,3	NUM
cjfa-12562	53	55	(	(	PUNCT
cjfa-12562	53	56	rate	rate	NOUN
cjfa-12562	53	57	of	of	ADP
cjfa-12562	53	58	credit	credit	NOUN
cjfa-12562	53	59	at	at	ADP
cjfa-12562	53	60	the	the	DET
cjfa-12562	53	61	end	end	NOUN
cjfa-12562	53	62	of	of	ADP
cjfa-12562	53	63	day	day	NOUN
cjfa-12562	53	64	)	)	PUNCT
cjfa-12562	53	65	,	,	PUNCT
cjfa-12562	54	1	0,05	0,05	PROPN
cjfa-12562	54	2	(	(	PUNCT
cjfa-12562	54	3	main	main	ADJ
cjfa-12562	54	4	refinancing	refinancing	NOUN
cjfa-12562	54	5	operation	operation	NOUN
cjfa-12562	54	6	rate	rate	NOUN
cjfa-12562	54	7	)	)	PUNCT
cjfa-12562	54	8	and	and	CCONJ
cjfa-12562	54	9	minus	minus	CCONJ
cjfa-12562	54	10	0,3	0,3	NUM
cjfa-12562	54	11	(	(	PUNCT
cjfa-12562	54	12	deposit	deposit	NOUN
cjfa-12562	54	13	rate	rate	NOUN
cjfa-12562	54	14	at	at	ADP
cjfa-12562	54	15	the	the	DET
cjfa-12562	54	16	end	end	NOUN
cjfa-12562	54	17	of	of	ADP
cjfa-12562	54	18	day	day	NOUN
cjfa-12562	54	19	)	)	PUNCT
cjfa-12562	54	20	(	(	PUNCT
cjfa-12562	54	21	ecb	ecb	NOUN
cjfa-12562	54	22	,	,	PUNCT
cjfa-12562	54	23	2016a	2016a	NUM
cjfa-12562	54	24	)	)	PUNCT
cjfa-12562	54	25	.	.	PUNCT
cjfa-12562	55	1	chart	chart	NOUN
cjfa-12562	55	2	1	1	NUM
cjfa-12562	55	3	shows	show	VERB
cjfa-12562	55	4	the	the	DET
cjfa-12562	55	5	fluctuations	fluctuation	NOUN
cjfa-12562	55	6	of	of	ADP
cjfa-12562	55	7	ecb	ecb	PROPN
cjfa-12562	55	8	’s	’s	PART
cjfa-12562	55	9	interest	interest	NOUN
cjfa-12562	55	10	rates	rate	NOUN
cjfa-12562	55	11	between	between	ADP
cjfa-12562	55	12	2008	2008	NUM
cjfa-12562	55	13	and	and	CCONJ
cjfa-12562	55	14	2015	2015	NUM
cjfa-12562	55	15	.	.	PUNCT
cjfa-12562	56	1	it	it	PRON
cjfa-12562	56	2	is	be	AUX
cjfa-12562	56	3	advisable	advisable	ADJ
cjfa-12562	56	4	to	to	PART
cjfa-12562	56	5	notice	notice	VERB
cjfa-12562	56	6	the	the	DET
cjfa-12562	56	7	fact	fact	NOUN
cjfa-12562	56	8	,	,	PUNCT
cjfa-12562	56	9	that	that	SCONJ
cjfa-12562	56	10	initially	initially	ADV
cjfa-12562	56	11	ecb	ecb	NOUN
cjfa-12562	56	12	narrowed	narrow	VERB
cjfa-12562	56	13	the	the	DET
cjfa-12562	56	14	spread	spread	NOUN
cjfa-12562	56	15	between	between	ADP
cjfa-12562	56	16	lending	lending	NOUN
cjfa-12562	56	17	and	and	CCONJ
cjfa-12562	56	18	deposit	deposit	NOUN
cjfa-12562	56	19	rates	rate	NOUN
cjfa-12562	56	20	.	.	PUNCT
cjfa-12562	57	1	this	this	DET
cjfa-12562	57	2	action	action	NOUN
cjfa-12562	57	3	was	be	AUX
cjfa-12562	57	4	supposed	suppose	VERB
cjfa-12562	57	5	to	to	PART
cjfa-12562	57	6	limit	limit	VERB
cjfa-12562	57	7	the	the	DET
cjfa-12562	57	8	variability	variability	NOUN
cjfa-12562	57	9	of	of	ADP
cjfa-12562	57	10	short	short	ADJ
cjfa-12562	57	11	-	-	PUNCT
cjfa-12562	57	12	term	term	NOUN
cjfa-12562	57	13	rates	rate	NOUN
cjfa-12562	57	14	,	,	PUNCT
cjfa-12562	57	15	so	so	SCONJ
cjfa-12562	57	16	between	between	ADP
cjfa-12562	57	17	october	october	PROPN
cjfa-12562	57	18	2008	2008	NUM
cjfa-12562	57	19	and	and	CCONJ
cjfa-12562	57	20	january	january	PROPN
cjfa-12562	57	21	2009	2009	NUM
cjfa-12562	57	22	the	the	DET
cjfa-12562	57	23	corridor	corridor	NOUN
cjfa-12562	57	24	was	be	AUX
cjfa-12562	57	25	narrowed	narrow	VERB
cjfa-12562	57	26	by	by	ADP
cjfa-12562	57	27	100	100	NUM
cjfa-12562	57	28	basis	basis	NOUN
cjfa-12562	57	29	point	point	NOUN
cjfa-12562	57	30	.	.	PUNCT
cjfa-12562	58	1	when	when	SCONJ
cjfa-12562	58	2	financial	financial	ADJ
cjfa-12562	58	3	markets	market	NOUN
cjfa-12562	58	4	calmed	calm	VERB
cjfa-12562	58	5	down	down	ADP
cjfa-12562	58	6	slightly	slightly	ADV
cjfa-12562	58	7	,	,	PUNCT
cjfa-12562	58	8	ecb	ecb	PROPN
cjfa-12562	58	9	has	have	AUX
cjfa-12562	58	10	attempted	attempt	VERB
cjfa-12562	58	11	to	to	PART
cjfa-12562	58	12	extend	extend	VERB
cjfa-12562	58	13	the	the	DET
cjfa-12562	58	14	corridor	corridor	NOUN
cjfa-12562	58	15	to	to	ADP
cjfa-12562	58	16	a	a	DET
cjfa-12562	58	17	limit	limit	NOUN
cjfa-12562	58	18	of	of	ADP
cjfa-12562	58	19	200	200	NUM
cjfa-12562	58	20	basis	basis	NOUN
cjfa-12562	58	21	points	point	NOUN
cjfa-12562	58	22	(	(	PUNCT
cjfa-12562	58	23	bogołębska	bogołębska	NOUN
cjfa-12562	58	24	,	,	PUNCT
cjfa-12562	58	25	2012	2012	NUM
cjfa-12562	58	26	,	,	PUNCT
cjfa-12562	58	27	p.	p.	NOUN
cjfa-12562	58	28	56	56	NUM
cjfa-12562	58	29	)	)	PUNCT
cjfa-12562	58	30	.	.	PUNCT
cjfa-12562	59	1	despite	despite	SCONJ
cjfa-12562	59	2	the	the	DET
cjfa-12562	59	3	reduction	reduction	NOUN
cjfa-12562	59	4	of	of	ADP
cjfa-12562	59	5	interest	interest	NOUN
cjfa-12562	59	6	rated	rate	VERB
cjfa-12562	59	7	by	by	ADP
cjfa-12562	59	8	european	european	PROPN
cjfa-12562	59	9	central	central	PROPN
cjfa-12562	59	10	bank	bank	PROPN
cjfa-12562	59	11	to	to	PART
cjfa-12562	59	12	historically	historically	ADV
cjfa-12562	59	13	lowest	low	ADJ
cjfa-12562	59	14	level	level	NOUN
cjfa-12562	59	15	,	,	PUNCT
cjfa-12562	59	16	effectiveness	effectiveness	NOUN
cjfa-12562	59	17	of	of	ADP
cjfa-12562	59	18	this	this	DET
cjfa-12562	59	19	tool	tool	NOUN
cjfa-12562	59	20	was	be	AUX
cjfa-12562	59	21	insufficient	insufficient	ADJ
cjfa-12562	59	22	.	.	PUNCT
cjfa-12562	60	1	ecb	ecb	NOUN
cjfa-12562	60	2	encountered	encounter	VERB
cjfa-12562	60	3	three	three	NUM
cjfa-12562	60	4	limitations	limitation	NOUN
cjfa-12562	60	5	on	on	ADP
cjfa-12562	60	6	conducting	conduct	VERB
cjfa-12562	60	7	traditional	traditional	ADJ
cjfa-12562	60	8	monetary	monetary	ADJ
cjfa-12562	60	9	policy	policy	NOUN
cjfa-12562	60	10	:	:	PUNCT
cjfa-12562	60	11	1	1	X
cjfa-12562	60	12	)	)	PUNCT
cjfa-12562	60	13	it	it	PRON
cjfa-12562	60	14	reached	reach	VERB
cjfa-12562	60	15	lower	low	ADJ
cjfa-12562	60	16	boundaries	boundary	NOUN
cjfa-12562	60	17	of	of	ADP
cjfa-12562	60	18	the	the	DET
cjfa-12562	60	19	main	main	ADJ
cjfa-12562	60	20	interest	interest	NOUN
cjfa-12562	60	21	rate	rate	NOUN
cjfa-12562	60	22	,	,	PUNCT
cjfa-12562	60	23	which	which	PRON
cjfa-12562	60	24	caused	cause	VERB
cjfa-12562	60	25	it	it	PRON
cjfa-12562	60	26	impossible	impossible	ADJ
cjfa-12562	60	27	to	to	ADP
cjfa-12562	60	28	further	further	ADJ
cjfa-12562	60	29	cuts	cut	NOUN
cjfa-12562	60	30	,	,	PUNCT
cjfa-12562	60	31	2	2	NUM
cjfa-12562	60	32	)	)	PUNCT
cjfa-12562	60	33	increased	increase	VERB
cjfa-12562	60	34	demand	demand	NOUN
cjfa-12562	60	35	for	for	ADP
cjfa-12562	60	36	financial	financial	ADJ
cjfa-12562	60	37	reserves	reserve	NOUN
cjfa-12562	60	38	,	,	PUNCT
cjfa-12562	60	39	which	which	PRON
cjfa-12562	60	40	restricted	restrict	VERB
cjfa-12562	60	41	redistribution	redistribution	NOUN
cjfa-12562	60	42	of	of	ADP
cjfa-12562	60	43	liquidity	liquidity	NOUN
cjfa-12562	60	44	between	between	ADP
cjfa-12562	60	45	financial	financial	ADJ
cjfa-12562	60	46	institutions	institution	NOUN
cjfa-12562	60	47	and	and	CCONJ
cjfa-12562	60	48	reduced	reduce	VERB
cjfa-12562	60	49	ecb	ecb	PROPN
cjfa-12562	60	50	’s	’s	PART
cjfa-12562	60	51	control	control	NOUN
cjfa-12562	60	52	over	over	ADP
cjfa-12562	60	53	rates	rate	NOUN
cjfa-12562	60	54	on	on	ADP
cjfa-12562	60	55	money	money	NOUN
cjfa-12562	60	56	market	market	NOUN
cjfa-12562	60	57	,	,	PUNCT
cjfa-12562	60	58	radosław	radosław	PROPN
cjfa-12562	60	59	ciukaj62	ciukaj62	ADJ
cjfa-12562	60	60	3	3	NUM
cjfa-12562	60	61	)	)	PUNCT
cjfa-12562	60	62	disturbance	disturbance	NOUN
cjfa-12562	60	63	in	in	ADP
cjfa-12562	60	64	functioning	function	VERB
cjfa-12562	60	65	of	of	ADP
cjfa-12562	60	66	transmission	transmission	NOUN
cjfa-12562	60	67	mechanism	mechanism	NOUN
cjfa-12562	60	68	of	of	ADP
cjfa-12562	60	69	monetary	monetary	ADJ
cjfa-12562	60	70	policy	policy	NOUN
cjfa-12562	60	71	,	,	PUNCT
cjfa-12562	60	72	what	what	PRON
cjfa-12562	60	73	resulted	result	VERB
cjfa-12562	60	74	in	in	ADP
cjfa-12562	60	75	lower	low	ADJ
cjfa-12562	60	76	reactions	reaction	NOUN
cjfa-12562	60	77	of	of	ADP
cjfa-12562	60	78	most	most	ADJ
cjfa-12562	60	79	segments	segment	NOUN
cjfa-12562	60	80	of	of	ADP
cjfa-12562	60	81	economy	economy	NOUN
cjfa-12562	60	82	for	for	ADP
cjfa-12562	60	83	monetary	monetary	ADJ
cjfa-12562	60	84	impulses	impulse	NOUN
cjfa-12562	60	85	,	,	PUNCT
cjfa-12562	60	86	than	than	SCONJ
cjfa-12562	60	87	it	it	PRON
cjfa-12562	60	88	was	be	AUX
cjfa-12562	60	89	expected	expect	VERB
cjfa-12562	60	90	(	(	PUNCT
cjfa-12562	60	91	janus	janus	PROPN
cjfa-12562	60	92	,	,	PUNCT
cjfa-12562	60	93	2013	2013	NUM
cjfa-12562	60	94	,	,	PUNCT
cjfa-12562	60	95	p.	p.	NOUN
cjfa-12562	60	96	1	1	NUM
cjfa-12562	60	97	)	)	PUNCT
cjfa-12562	60	98	.	.	PUNCT
cjfa-12562	61	1	chart	chart	NOUN
cjfa-12562	62	1	1	1	NUM
cjfa-12562	62	2	.	.	PUNCT
cjfa-12562	62	3	fluctuations	fluctuation	NOUN
cjfa-12562	62	4	of	of	ADP
cjfa-12562	62	5	ecb	ecb	PROPN
cjfa-12562	62	6	’s	’s	PART
cjfa-12562	62	7	interest	interest	NOUN
cjfa-12562	62	8	rated	rate	VERB
cjfa-12562	62	9	between	between	ADP
cjfa-12562	62	10	2008	2008	NUM
cjfa-12562	62	11	and	and	CCONJ
cjfa-12562	62	12	2015	2015	NUM
cjfa-12562	62	13	despite	despite	SCONJ
cjfa-12562	62	14	the	the	DET
cjfa-12562	62	15	first	first	ADJ
cjfa-12562	62	16	signs	sign	NOUN
cjfa-12562	62	17	of	of	ADP
cjfa-12562	62	18	the	the	DET
cjfa-12562	62	19	upcoming	upcoming	ADJ
cjfa-12562	62	20	crisis	crisis	NOUN
cjfa-12562	62	21	in	in	ADP
cjfa-12562	62	22	2008	2008	NUM
cjfa-12562	62	23	,	,	PUNCT
cjfa-12562	62	24	the	the	DET
cjfa-12562	62	25	european	european	PROPN
cjfa-12562	62	26	central	central	PROPN
cjfa-12562	62	27	bank	bank	PROPN
cjfa-12562	62	28	raised	raise	VERB
cjfa-12562	62	29	interest	interest	NOUN
cjfa-12562	62	30	rates	rate	NOUN
cjfa-12562	62	31	by	by	ADP
cjfa-12562	62	32	25	25	NUM
cjfa-12562	62	33	basis	basis	NOUN
cjfa-12562	62	34	points	point	NOUN
cjfa-12562	62	35	.	.	PUNCT
cjfa-12562	63	1	this	this	DET
cjfa-12562	63	2	step	step	NOUN
cjfa-12562	63	3	was	be	AUX
cjfa-12562	63	4	explained	explain	VERB
cjfa-12562	63	5	by	by	ADP
cjfa-12562	63	6	the	the	DET
cjfa-12562	63	7	president	president	NOUN
cjfa-12562	63	8	of	of	ADP
cjfa-12562	63	9	the	the	DET
cjfa-12562	63	10	ecb	ecb	PROPN
cjfa-12562	63	11	as	as	ADP
cjfa-12562	63	12	the	the	DET
cjfa-12562	63	13	necessity	necessity	NOUN
cjfa-12562	63	14	of	of	ADP
cjfa-12562	63	15	taking	take	VERB
cjfa-12562	63	16	care	care	NOUN
cjfa-12562	63	17	of	of	ADP
cjfa-12562	63	18	the	the	DET
cjfa-12562	63	19	central	central	PROPN
cjfa-12562	63	20	bank	bank	PROPN
cjfa-12562	63	21	’s	’s	PART
cjfa-12562	63	22	primary	primary	ADJ
cjfa-12562	63	23	objective	objective	NOUN
cjfa-12562	63	24	,	,	PUNCT
cjfa-12562	63	25	which	which	PRON
cjfa-12562	63	26	is	be	AUX
cjfa-12562	63	27	to	to	PART
cjfa-12562	63	28	maintain	maintain	VERB
cjfa-12562	63	29	price	price	NOUN
cjfa-12562	63	30	stability	stability	NOUN
cjfa-12562	63	31	(	(	PUNCT
cjfa-12562	63	32	ecb	ecb	NOUN
cjfa-12562	63	33	,	,	PUNCT
cjfa-12562	63	34	2008	2008	NUM
cjfa-12562	63	35	)	)	PUNCT
cjfa-12562	63	36	.	.	PUNCT
cjfa-12562	64	1	the	the	DET
cjfa-12562	64	2	first	first	ADJ
cjfa-12562	64	3	time	time	NOUN
cjfa-12562	64	4	,	,	PUNCT
cjfa-12562	64	5	when	when	SCONJ
cjfa-12562	64	6	interest	interest	NOUN
cjfa-12562	64	7	rates	rate	NOUN
cjfa-12562	64	8	of	of	ADP
cjfa-12562	64	9	the	the	DET
cjfa-12562	64	10	main	main	ADJ
cjfa-12562	64	11	refinancing	refinancing	NOUN
cjfa-12562	64	12	operations	operation	NOUN
cjfa-12562	64	13	were	be	AUX
cjfa-12562	64	14	reduced	reduce	VERB
cjfa-12562	64	15	about	about	ADP
cjfa-12562	64	16	325	325	NUM
cjfa-12562	64	17	basis	basis	NOUN
cjfa-12562	64	18	points	point	NOUN
cjfa-12562	64	19	,	,	PUNCT
cjfa-12562	64	20	was	be	AUX
cjfa-12562	64	21	at	at	ADP
cjfa-12562	64	22	the	the	DET
cjfa-12562	64	23	end	end	NOUN
cjfa-12562	64	24	of	of	ADP
cjfa-12562	64	25	2008	2008	NUM
cjfa-12562	64	26	.	.	PUNCT
cjfa-12562	65	1	at	at	ADP
cjfa-12562	65	2	that	that	DET
cjfa-12562	65	3	time	time	NOUN
cjfa-12562	65	4	,	,	PUNCT
cjfa-12562	65	5	this	this	DET
cjfa-12562	65	6	reduction	reduction	NOUN
cjfa-12562	65	7	was	be	AUX
cjfa-12562	65	8	historically	historically	ADV
cjfa-12562	65	9	the	the	DET
cjfa-12562	65	10	lowest	low	ADJ
cjfa-12562	65	11	.	.	PUNCT
cjfa-12562	66	1	in	in	ADP
cjfa-12562	66	2	2011	2011	NUM
cjfa-12562	66	3	,	,	PUNCT
cjfa-12562	66	4	ecb	ecb	PROPN
cjfa-12562	66	5	raised	raise	VERB
cjfa-12562	66	6	again	again	ADV
cjfa-12562	66	7	interest	interest	NOUN
cjfa-12562	66	8	rates	rate	NOUN
cjfa-12562	66	9	,	,	PUNCT
cjfa-12562	66	10	because	because	SCONJ
cjfa-12562	66	11	authorities	authority	NOUN
cjfa-12562	66	12	of	of	ADP
cjfa-12562	66	13	european	european	PROPN
cjfa-12562	66	14	central	central	PROPN
cjfa-12562	66	15	bank	bank	PROPN
cjfa-12562	66	16	wanted	want	VERB
cjfa-12562	66	17	to	to	PART
cjfa-12562	66	18	anchor	anchor	VERB
cjfa-12562	66	19	inflations	inflation	VERB
cjfa-12562	66	20	expectations	expectation	NOUN
cjfa-12562	66	21	at	at	ADP
cjfa-12562	66	22	the	the	DET
cjfa-12562	66	23	level	level	NOUN
cjfa-12562	66	24	consistent	consistent	ADJ
cjfa-12562	66	25	with	with	ADP
cjfa-12562	66	26	its	its	PRON
cjfa-12562	66	27	mail	mail	NOUN
cjfa-12562	66	28	goal	goal	NOUN
cjfa-12562	66	29	(	(	PUNCT
cjfa-12562	66	30	ecb	ecb	NOUN
cjfa-12562	66	31	,	,	PUNCT
cjfa-12562	66	32	2011a	2011a	NUM
cjfa-12562	66	33	)	)	PUNCT
cjfa-12562	66	34	,	,	PUNCT
cjfa-12562	66	35	but	but	CCONJ
cjfa-12562	66	36	then	then	ADV
cjfa-12562	66	37	they	they	PRON
cjfa-12562	66	38	again	again	ADV
cjfa-12562	66	39	returned	return	VERB
cjfa-12562	66	40	to	to	ADP
cjfa-12562	66	41	reductions	reduction	NOUN
cjfa-12562	66	42	of	of	ADP
cjfa-12562	66	43	interest	interest	NOUN
cjfa-12562	66	44	rates	rate	NOUN
cjfa-12562	66	45	to	to	PART
cjfa-12562	66	46	achieve	achieve	VERB
cjfa-12562	66	47	bottom	bottom	ADJ
cjfa-12562	66	48	-	-	PUNCT
cjfa-12562	66	49	most	most	ADJ
cjfa-12562	66	50	level	level	NOUN
cjfa-12562	66	51	of	of	ADP
cjfa-12562	66	52	rates	rate	NOUN
cjfa-12562	66	53	:	:	PUNCT
cjfa-12562	66	54	0,3	0,3	NUM
cjfa-12562	66	55	(	(	PUNCT
cjfa-12562	66	56	rate	rate	NOUN
cjfa-12562	66	57	of	of	ADP
cjfa-12562	66	58	credit	credit	NOUN
cjfa-12562	66	59	at	at	ADP
cjfa-12562	66	60	the	the	DET
cjfa-12562	66	61	end	end	NOUN
cjfa-12562	66	62	of	of	ADP
cjfa-12562	66	63	day	day	NOUN
cjfa-12562	66	64	)	)	PUNCT
cjfa-12562	66	65	,	,	PUNCT
cjfa-12562	67	1	0,05	0,05	PROPN
cjfa-12562	67	2	(	(	PUNCT
cjfa-12562	67	3	main	main	ADJ
cjfa-12562	67	4	refinancing	refinancing	NOUN
cjfa-12562	67	5	operation	operation	NOUN
cjfa-12562	67	6	rate	rate	NOUN
cjfa-12562	67	7	)	)	PUNCT
cjfa-12562	67	8	and	and	CCONJ
cjfa-12562	67	9	minus	minus	CCONJ
cjfa-12562	67	10	0,3	0,3	NUM
cjfa-12562	67	11	(	(	PUNCT
cjfa-12562	67	12	deposit	deposit	NOUN
cjfa-12562	67	13	rate	rate	NOUN
cjfa-12562	67	14	at	at	ADP
cjfa-12562	67	15	the	the	DET
cjfa-12562	67	16	end	end	NOUN
cjfa-12562	67	17	of	of	ADP
cjfa-12562	67	18	day	day	NOUN
cjfa-12562	67	19	)	)	PUNCT
cjfa-12562	67	20	(	(	PUNCT
cjfa-12562	67	21	ecb	ecb	NOUN
cjfa-12562	67	22	,	,	PUNCT
cjfa-12562	67	23	2016a	2016a	NUM
cjfa-12562	67	24	)	)	PUNCT
cjfa-12562	67	25	.	.	PUNCT
cjfa-12562	68	1	chart	chart	NOUN
cjfa-12562	68	2	1	1	NUM
cjfa-12562	68	3	shows	show	VERB
cjfa-12562	68	4	the	the	DET
cjfa-12562	68	5	fluctuations	fluctuation	NOUN
cjfa-12562	68	6	of	of	ADP
cjfa-12562	68	7	ecb	ecb	PROPN
cjfa-12562	68	8	’s	’s	PART
cjfa-12562	68	9	interest	interest	NOUN
cjfa-12562	68	10	rates	rate	NOUN
cjfa-12562	68	11	between	between	ADP
cjfa-12562	68	12	2008	2008	NUM
cjfa-12562	68	13	and	and	CCONJ
cjfa-12562	68	14	2015	2015	NUM
cjfa-12562	68	15	.	.	PUNCT
cjfa-12562	69	1	chart	chart	NOUN
cjfa-12562	69	2	1	1	NUM
cjfa-12562	69	3	.	.	PUNCT
cjfa-12562	70	1	fluctuations	fluctuation	NOUN
cjfa-12562	70	2	of	of	ADP
cjfa-12562	70	3	ecb	ecb	PROPN
cjfa-12562	70	4	's	's	PART
cjfa-12562	70	5	interest	interest	NOUN
cjfa-12562	70	6	rated	rate	VERB
cjfa-12562	70	7	between	between	ADP
cjfa-12562	70	8	2008	2008	NUM
cjfa-12562	70	9	and	and	CCONJ
cjfa-12562	70	10	2015	2015	NUM
cjfa-12562	70	11	source	source	NOUN
cjfa-12562	70	12	:	:	PUNCT
cjfa-12562	70	13	based	base	VERB
cjfa-12562	70	14	on	on	ADP
cjfa-12562	70	15	:	:	PUNCT
cjfa-12562	70	16	https://www.ecb.europa.eu/stats/monetary/rates/html/index.en.html	https://www.ecb.europa.eu/stats/monetary/rates/html/index.en.html	PROPN
cjfa-12562	70	17	.	.	PUNCT
cjfa-12562	71	1	it	it	PRON
cjfa-12562	71	2	is	be	AUX
cjfa-12562	71	3	advisable	advisable	ADJ
cjfa-12562	71	4	to	to	PART
cjfa-12562	71	5	notice	notice	VERB
cjfa-12562	71	6	the	the	DET
cjfa-12562	71	7	fact	fact	NOUN
cjfa-12562	71	8	,	,	PUNCT
cjfa-12562	71	9	that	that	SCONJ
cjfa-12562	71	10	initially	initially	ADV
cjfa-12562	71	11	ecb	ecb	NOUN
cjfa-12562	71	12	narrowed	narrow	VERB
cjfa-12562	71	13	the	the	DET
cjfa-12562	71	14	spread	spread	NOUN
cjfa-12562	71	15	between	between	ADP
cjfa-12562	71	16	lending	lending	NOUN
cjfa-12562	71	17	and	and	CCONJ
cjfa-12562	71	18	deposit	deposit	NOUN
cjfa-12562	71	19	rates	rate	NOUN
cjfa-12562	71	20	.	.	PUNCT
cjfa-12562	72	1	this	this	DET
cjfa-12562	72	2	action	action	NOUN
cjfa-12562	72	3	was	be	AUX
cjfa-12562	72	4	supposed	suppose	VERB
cjfa-12562	72	5	to	to	PART
cjfa-12562	72	6	limit	limit	VERB
cjfa-12562	72	7	the	the	DET
cjfa-12562	72	8	variability	variability	NOUN
cjfa-12562	72	9	of	of	ADP
cjfa-12562	72	10	short	short	ADJ
cjfa-12562	72	11	-	-	PUNCT
cjfa-12562	72	12	term	term	NOUN
cjfa-12562	72	13	rates	rate	NOUN
cjfa-12562	72	14	,	,	PUNCT
cjfa-12562	72	15	so	so	SCONJ
cjfa-12562	72	16	between	between	ADP
cjfa-12562	72	17	october	october	PROPN
cjfa-12562	72	18	2008	2008	NUM
cjfa-12562	72	19	and	and	CCONJ
cjfa-12562	72	20	january	january	PROPN
cjfa-12562	72	21	2009	2009	NUM
cjfa-12562	72	22	the	the	DET
cjfa-12562	72	23	corridor	corridor	NOUN
cjfa-12562	72	24	was	be	AUX
cjfa-12562	72	25	narrowed	narrow	VERB
cjfa-12562	72	26	by	by	ADP
cjfa-12562	72	27	100	100	NUM
cjfa-12562	72	28	basis	basis	NOUN
cjfa-12562	72	29	point	point	NOUN
cjfa-12562	72	30	.	.	PUNCT
cjfa-12562	73	1	when	when	SCONJ
cjfa-12562	73	2	financial	financial	ADJ
cjfa-12562	73	3	markets	market	NOUN
cjfa-12562	73	4	calmed	calm	VERB
cjfa-12562	73	5	down	down	ADP
cjfa-12562	73	6	slightly	slightly	ADV
cjfa-12562	73	7	,	,	PUNCT
cjfa-12562	73	8	ecb	ecb	PROPN
cjfa-12562	73	9	has	have	AUX
cjfa-12562	73	10	attempted	attempt	VERB
cjfa-12562	73	11	to	to	PART
cjfa-12562	73	12	extend	extend	VERB
cjfa-12562	73	13	the	the	DET
cjfa-12562	73	14	corridor	corridor	NOUN
cjfa-12562	73	15	to	to	ADP
cjfa-12562	73	16	a	a	DET
cjfa-12562	73	17	limit	limit	NOUN
cjfa-12562	73	18	of	of	ADP
cjfa-12562	73	19	200	200	NUM
cjfa-12562	73	20	basis	basis	NOUN
cjfa-12562	73	21	points	point	NOUN
cjfa-12562	73	22	(	(	PUNCT
cjfa-12562	73	23	bogołębska	bogołębska	NOUN
cjfa-12562	73	24	,	,	PUNCT
cjfa-12562	73	25	2012	2012	NUM
cjfa-12562	73	26	,	,	PUNCT
cjfa-12562	73	27	p.	p.	NOUN
cjfa-12562	73	28	56	56	NUM
cjfa-12562	73	29	)	)	PUNCT
cjfa-12562	73	30	.	.	PUNCT
cjfa-12562	74	1	despite	despite	SCONJ
cjfa-12562	74	2	the	the	DET
cjfa-12562	74	3	reduction	reduction	NOUN
cjfa-12562	74	4	of	of	ADP
cjfa-12562	74	5	interest	interest	NOUN
cjfa-12562	74	6	rated	rate	VERB
cjfa-12562	74	7	by	by	ADP
cjfa-12562	74	8	european	european	PROPN
cjfa-12562	74	9	central	central	PROPN
cjfa-12562	74	10	bank	bank	PROPN
cjfa-12562	74	11	to	to	PART
cjfa-12562	74	12	historically	historically	ADV
cjfa-12562	74	13	lowest	low	ADJ
cjfa-12562	74	14	level	level	NOUN
cjfa-12562	74	15	,	,	PUNCT
cjfa-12562	74	16	effectiveness	effectiveness	NOUN
cjfa-12562	74	17	of	of	ADP
cjfa-12562	74	18	this	this	DET
cjfa-12562	74	19	tool	tool	NOUN
cjfa-12562	74	20	was	be	AUX
cjfa-12562	74	21	insufficient	insufficient	ADJ
cjfa-12562	74	22	.	.	PUNCT
cjfa-12562	75	1	ecb	ecb	NOUN
cjfa-12562	75	2	encountered	encounter	VERB
cjfa-12562	75	3	three	three	NUM
cjfa-12562	75	4	limitations	limitation	NOUN
cjfa-12562	75	5	on	on	ADP
cjfa-12562	75	6	conducting	conduct	VERB
cjfa-12562	75	7	traditional	traditional	ADJ
cjfa-12562	75	8	monetary	monetary	ADJ
cjfa-12562	75	9	policy	policy	NOUN
cjfa-12562	75	10	:	:	PUNCT
cjfa-12562	75	11	s	s	VERB
cjfa-12562	75	12	o	o	X
cjfa-12562	75	13	u	u	NOUN
cjfa-12562	75	14	r	r	NOUN
cjfa-12562	75	15	c	c	NOUN
cjfa-12562	75	16	e	e	NOUN
cjfa-12562	75	17	:	:	PUNCT
cjfa-12562	75	18	based	base	VERB
cjfa-12562	75	19	on	on	ADP
cjfa-12562	75	20	:	:	PUNCT
cjfa-12562	75	21	https://www.ecb.europa.eu/stats/monetary/rates/html/index.en.html	https://www.ecb.europa.eu/stats/monetary/rates/html/index.en.html	PROPN
cjfa-12562	75	22	.	.	PUNCT
cjfa-12562	76	1	in	in	ADP
cjfa-12562	76	2	the	the	DET
cjfa-12562	76	3	face	face	NOUN
cjfa-12562	76	4	of	of	ADP
cjfa-12562	76	5	inefficiency	inefficiency	NOUN
cjfa-12562	76	6	of	of	ADP
cjfa-12562	76	7	monetary	monetary	ADJ
cjfa-12562	76	8	policy	policy	NOUN
cjfa-12562	76	9	traditional	traditional	ADJ
cjfa-12562	76	10	instruments	instrument	NOUN
cjfa-12562	76	11	,	,	PUNCT
cjfa-12562	76	12	european	european	PROPN
cjfa-12562	76	13	central	central	PROPN
cjfa-12562	76	14	bank	bank	PROPN
cjfa-12562	76	15	had	have	VERB
cjfa-12562	76	16	to	to	PART
cjfa-12562	76	17	reach	reach	VERB
cjfa-12562	76	18	for	for	ADP
cjfa-12562	76	19	unconventional	unconventional	ADJ
cjfa-12562	76	20	instruments	instrument	NOUN
cjfa-12562	76	21	.	.	PUNCT
cjfa-12562	77	1	their	their	PRON
cjfa-12562	77	2	aim	aim	NOUN
cjfa-12562	77	3	was	be	AUX
cjfa-12562	77	4	to	to	PART
cjfa-12562	77	5	restore	restore	VERB
cjfa-12562	77	6	correct	correct	ADJ
cjfa-12562	77	7	monetary	monetary	ADJ
cjfa-12562	77	8	policy	policy	NOUN
cjfa-12562	77	9	transmission	transmission	NOUN
cjfa-12562	77	10	and	and	CCONJ
cjfa-12562	77	11	to	to	PART
cjfa-12562	77	12	provide	provide	VERB
cjfa-12562	77	13	incentives	incentive	NOUN
cjfa-12562	77	14	to	to	PART
cjfa-12562	77	15	stimulate	stimulate	VERB
cjfa-12562	77	16	economy	economy	NOUN
cjfa-12562	77	17	(	(	PUNCT
cjfa-12562	77	18	żywiecka	żywiecka	NOUN
cjfa-12562	77	19	,	,	PUNCT
cjfa-12562	77	20	2014	2014	NUM
cjfa-12562	77	21	,	,	PUNCT
cjfa-12562	77	22	p.	p.	NOUN
cjfa-12562	77	23	73	73	NUM
cjfa-12562	77	24	)	)	PUNCT
cjfa-12562	77	25	.	.	PUNCT
cjfa-12562	78	1	these	these	PRON
cjfa-12562	78	2	include	include	VERB
cjfa-12562	78	3	:	:	PUNCT
cjfa-12562	78	4	1	1	X
cjfa-12562	78	5	)	)	PUNCT
cjfa-12562	78	6	forward	forward	ADV
cjfa-12562	78	7	guidance	guidance	NOUN
cjfa-12562	78	8	,	,	PUNCT
cjfa-12562	78	9	2	2	X
cjfa-12562	78	10	)	)	PUNCT
cjfa-12562	78	11	quantitative	quantitative	ADJ
cjfa-12562	78	12	easing	easing	NOUN
cjfa-12562	78	13	,	,	PUNCT
cjfa-12562	78	14	3	3	X
cjfa-12562	78	15	)	)	PUNCT
cjfa-12562	78	16	qualitative	qualitative	ADJ
cjfa-12562	78	17	easing	ease	VERB
cjfa-12562	78	18	(	(	PUNCT
cjfa-12562	78	19	bernanke	bernanke	PROPN
cjfa-12562	78	20	,	,	PUNCT
cjfa-12562	78	21	reinhart	reinhart	PROPN
cjfa-12562	78	22	&	&	CCONJ
cjfa-12562	78	23	sack	sack	PROPN
cjfa-12562	78	24	,	,	PUNCT
cjfa-12562	78	25	2004	2004	NUM
cjfa-12562	78	26	,	,	PUNCT
cjfa-12562	78	27	p.	p.	NOUN
cjfa-12562	78	28	3	3	NUM
cjfa-12562	78	29	)	)	PUNCT
cjfa-12562	78	30	.	.	PUNCT
cjfa-12562	79	1	the	the	DET
cjfa-12562	79	2	first	first	ADJ
cjfa-12562	79	3	of	of	ADP
cjfa-12562	79	4	these	these	DET
cjfa-12562	79	5	methods	method	NOUN
cjfa-12562	79	6	involves	involve	VERB
cjfa-12562	79	7	the	the	DET
cjfa-12562	79	8	use	use	NOUN
cjfa-12562	79	9	of	of	ADP
cjfa-12562	79	10	communication	communication	NOUN
cjfa-12562	79	11	policy	policy	NOUN
cjfa-12562	79	12	for	for	ADP
cjfa-12562	79	13	shaping	shape	VERB
cjfa-12562	79	14	public	public	ADJ
cjfa-12562	79	15	expectations	expectation	NOUN
cjfa-12562	79	16	about	about	ADP
cjfa-12562	79	17	future	future	ADJ
cjfa-12562	79	18	course	course	NOUN
cjfa-12562	79	19	of	of	ADP
cjfa-12562	79	20	interest	interest	NOUN
cjfa-12562	79	21	rates	rate	NOUN
cjfa-12562	79	22	.	.	PUNCT
cjfa-12562	80	1	in	in	ADP
cjfa-12562	80	2	other	other	ADJ
cjfa-12562	80	3	words	word	NOUN
cjfa-12562	80	4	,	,	PUNCT
cjfa-12562	80	5	central	central	ADJ
cjfa-12562	80	6	bank	bank	NOUN
cjfa-12562	80	7	communicates	communicate	VERB
cjfa-12562	80	8	to	to	ADP
cjfa-12562	80	9	the	the	DET
cjfa-12562	80	10	market	market	NOUN
cjfa-12562	80	11	about	about	ADP
cjfa-12562	80	12	planned	plan	VERB
cjfa-12562	80	13	interest	interest	NOUN
cjfa-12562	80	14	rates	rate	NOUN
cjfa-12562	80	15	policy	policy	NOUN
cjfa-12562	80	16	in	in	ADP
cjfa-12562	80	17	a	a	DET
cjfa-12562	80	18	time	time	NOUN
cjfa-12562	80	19	horizon	horizon	NOUN
cjfa-12562	80	20	,	,	PUNCT
cjfa-12562	80	21	longer	long	ADV
cjfa-12562	80	22	than	than	ADP
cjfa-12562	80	23	till	till	SCONJ
cjfa-12562	80	24	next	next	ADJ
cjfa-12562	80	25	meeting	meeting	NOUN
cjfa-12562	80	26	of	of	ADP
cjfa-12562	80	27	decision	decision	NOUN
cjfa-12562	80	28	-	-	PUNCT
cjfa-12562	80	29	making	make	VERB
cjfa-12562	80	30	body	body	NOUN
cjfa-12562	80	31	.	.	PUNCT
cjfa-12562	81	1	the	the	DET
cjfa-12562	81	2	main	main	ADJ
cjfa-12562	81	3	goal	goal	NOUN
cjfa-12562	81	4	of	of	ADP
cjfa-12562	81	5	this	this	DET
cjfa-12562	81	6	tool	tool	NOUN
cjfa-12562	81	7	,	,	PUNCT
cjfa-12562	81	8	during	during	ADP
cjfa-12562	81	9	the	the	DET
cjfa-12562	81	10	last	last	ADJ
cjfa-12562	81	11	crisis	crisis	NOUN
cjfa-12562	81	12	,	,	PUNCT
cjfa-12562	81	13	was	be	AUX
cjfa-12562	81	14	to	to	PART
cjfa-12562	81	15	build	build	VERB
cjfa-12562	81	16	society	society	NOUN
cjfa-12562	81	17	and	and	CCONJ
cjfa-12562	81	18	institutions	institution	NOUN
cjfa-12562	81	19	expectations	expectation	NOUN
cjfa-12562	81	20	about	about	ADP
cjfa-12562	81	21	ecb	ecb	NOUN
cjfa-12562	81	22	’	'	PUNCT
cjfa-12562	81	23	interest	interest	NOUN
cjfa-12562	81	24	rate	rate	NOUN
cjfa-12562	81	25	policy	policy	NOUN
cjfa-12562	81	26	and	and	CCONJ
cjfa-12562	81	27	thus	thus	ADV
cjfa-12562	81	28	affect	affect	VERB
cjfa-12562	81	29	the	the	DET
cjfa-12562	81	30	growth	growth	NOUN
cjfa-12562	81	31	of	of	ADP
cjfa-12562	81	32	investment	investment	NOUN
cjfa-12562	81	33	and	and	CCONJ
cjfa-12562	81	34	consumption	consumption	NOUN
cjfa-12562	81	35	and	and	CCONJ
cjfa-12562	81	36	stimulate	stimulate	VERB
cjfa-12562	81	37	economic	economic	ADJ
cjfa-12562	81	38	situation	situation	NOUN
cjfa-12562	81	39	(	(	PUNCT
cjfa-12562	81	40	nbp	nbp	PROPN
cjfa-12562	81	41	,	,	PUNCT
cjfa-12562	81	42	2013	2013	NUM
cjfa-12562	81	43	,	,	PUNCT
cjfa-12562	81	44	p.	p.	NOUN
cjfa-12562	81	45	40	40	NUM
cjfa-12562	81	46	)	)	PUNCT
cjfa-12562	81	47	.	.	PUNCT
cjfa-12562	82	1	according	accord	VERB
cjfa-12562	82	2	to	to	ADP
cjfa-12562	82	3	ecb	ecb	PROPN
cjfa-12562	82	4	,	,	PUNCT
cjfa-12562	82	5	it	it	PRON
cjfa-12562	82	6	can	can	AUX
cjfa-12562	82	7	be	be	AUX
cjfa-12562	82	8	distinguished	distinguish	VERB
cjfa-12562	82	9	4	4	NUM
cjfa-12562	82	10	types	type	NOUN
cjfa-12562	82	11	of	of	ADP
cjfa-12562	82	12	forward	forward	ADJ
cjfa-12562	82	13	guidance	guidance	NOUN
cjfa-12562	82	14	:	:	PUNCT
cjfa-12562	82	15	managing	manage	VERB
cjfa-12562	82	16	financial	financial	ADJ
cjfa-12562	82	17	stability	stability	NOUN
cjfa-12562	82	18	by	by	ADP
cjfa-12562	82	19	the	the	DET
cjfa-12562	82	20	european	european	PROPN
cjfa-12562	82	21	central	central	PROPN
cjfa-12562	82	22	bank	bank	PROPN
cjfa-12562	82	23	…	…	PUNCT
cjfa-12562	82	24	63	63	NUM
cjfa-12562	82	25	1	1	NUM
cjfa-12562	82	26	)	)	PUNCT
cjfa-12562	82	27	clean	clean	ADJ
cjfa-12562	82	28	quality	quality	NOUN
cjfa-12562	82	29	forward	forward	ADJ
cjfa-12562	82	30	guidance	guidance	NOUN
cjfa-12562	82	31	–	–	PUNCT
cjfa-12562	82	32	in	in	ADP
cjfa-12562	82	33	this	this	DET
cjfa-12562	82	34	approach	approach	NOUN
cjfa-12562	82	35	central	central	ADJ
cjfa-12562	82	36	bank	bank	PROPN
cjfa-12562	82	37	indicates	indicate	VERB
cjfa-12562	82	38	direction	direction	NOUN
cjfa-12562	82	39	of	of	ADP
cjfa-12562	82	40	future	future	ADJ
cjfa-12562	82	41	monetary	monetary	ADJ
cjfa-12562	82	42	policy	policy	NOUN
cjfa-12562	82	43	,	,	PUNCT
cjfa-12562	82	44	but	but	CCONJ
cjfa-12562	82	45	does	do	AUX
cjfa-12562	82	46	not	not	PART
cjfa-12562	82	47	specify	specify	VERB
cjfa-12562	82	48	limits	limit	NOUN
cjfa-12562	82	49	or	or	CCONJ
cjfa-12562	82	50	conditions	condition	NOUN
cjfa-12562	82	51	,	,	PUNCT
cjfa-12562	82	52	that	that	PRON
cjfa-12562	82	53	must	must	AUX
cjfa-12562	82	54	be	be	AUX
cjfa-12562	82	55	met	meet	VERB
cjfa-12562	82	56	in	in	ADP
cjfa-12562	82	57	order	order	NOUN
cjfa-12562	82	58	to	to	PART
cjfa-12562	82	59	change	change	VERB
cjfa-12562	82	60	policy	policy	NOUN
cjfa-12562	82	61	,	,	PUNCT
cjfa-12562	82	62	2	2	X
cjfa-12562	82	63	)	)	PUNCT
cjfa-12562	82	64	qualitative	qualitative	VERB
cjfa-12562	82	65	forward	forward	ADJ
cjfa-12562	82	66	guidance	guidance	NOUN
cjfa-12562	82	67	–	–	PUNCT
cjfa-12562	82	68	the	the	DET
cjfa-12562	82	69	possibility	possibility	NOUN
cjfa-12562	82	70	of	of	ADP
cjfa-12562	82	71	changes	change	NOUN
cjfa-12562	82	72	in	in	ADP
cjfa-12562	82	73	indicated	indicate	VERB
cjfa-12562	82	74	direction	direction	NOUN
cjfa-12562	82	75	of	of	ADP
cjfa-12562	82	76	monetary	monetary	ADJ
cjfa-12562	82	77	policy	policy	NOUN
cjfa-12562	82	78	,	,	PUNCT
cjfa-12562	82	79	depends	depend	VERB
cjfa-12562	82	80	on	on	ADP
cjfa-12562	82	81	the	the	DET
cjfa-12562	82	82	size	size	NOUN
cjfa-12562	82	83	of	of	ADP
cjfa-12562	82	84	the	the	DET
cjfa-12562	82	85	descriptively	descriptively	ADV
cjfa-12562	82	86	expressed	express	VERB
cjfa-12562	82	87	economic	economic	ADJ
cjfa-12562	82	88	indicators	indicator	NOUN
cjfa-12562	82	89	,	,	PUNCT
cjfa-12562	82	90	3	3	X
cjfa-12562	82	91	)	)	PUNCT
cjfa-12562	82	92	based	base	VERB
cjfa-12562	82	93	on	on	ADP
cjfa-12562	82	94	the	the	DET
cjfa-12562	82	95	calendar	calendar	NOUN
cjfa-12562	82	96	forward	forward	ADV
cjfa-12562	82	97	guidancecentral	guidancecentral	PROPN
cjfa-12562	82	98	bank	bank	PROPN
cjfa-12562	82	99	indicates	indicate	VERB
cjfa-12562	82	100	date	date	NOUN
cjfa-12562	82	101	,	,	PUNCT
cjfa-12562	82	102	since	since	SCONJ
cjfa-12562	82	103	when	when	SCONJ
cjfa-12562	82	104	specified	specify	VERB
cjfa-12562	82	105	monetary	monetary	ADJ
cjfa-12562	82	106	policy	policy	NOUN
cjfa-12562	82	107	will	will	AUX
cjfa-12562	82	108	be	be	AUX
cjfa-12562	82	109	lead	lead	ADJ
cjfa-12562	82	110	,	,	PUNCT
cjfa-12562	82	111	4	4	NUM
cjfa-12562	82	112	)	)	PUNCT
cjfa-12562	82	113	based	base	VERB
cjfa-12562	82	114	on	on	ADP
cjfa-12562	82	115	the	the	DET
cjfa-12562	82	116	results	result	NOUN
cjfa-12562	82	117	forward	forward	ADV
cjfa-12562	82	118	guidance	guidance	NOUN
cjfa-12562	82	119	–	–	PUNCT
cjfa-12562	82	120	central	central	ADJ
cjfa-12562	82	121	bank	bank	NOUN
cjfa-12562	82	122	determines	determine	VERB
cjfa-12562	82	123	the	the	DET
cjfa-12562	82	124	change	change	NOUN
cjfa-12562	82	125	of	of	ADP
cjfa-12562	82	126	monetary	monetary	ADJ
cjfa-12562	82	127	policy	policy	NOUN
cjfa-12562	82	128	of	of	ADP
cjfa-12562	82	129	achieving	achieve	VERB
cjfa-12562	82	130	numerical	numerical	ADJ
cjfa-12562	82	131	economic	economic	ADJ
cjfa-12562	82	132	measures	measure	NOUN
cjfa-12562	82	133	(	(	PUNCT
cjfa-12562	82	134	issing	issing	NOUN
cjfa-12562	82	135	,	,	PUNCT
cjfa-12562	82	136	2014	2014	NUM
cjfa-12562	82	137	,	,	PUNCT
cjfa-12562	82	138	p.	p.	NOUN
cjfa-12562	82	139	4	4	NUM
cjfa-12562	82	140	)	)	PUNCT
cjfa-12562	82	141	.	.	PUNCT
cjfa-12562	83	1	central	central	PROPN
cjfa-12562	83	2	bank	bank	PROPN
cjfa-12562	83	3	must	must	AUX
cjfa-12562	83	4	be	be	AUX
cjfa-12562	83	5	sure	sure	ADJ
cjfa-12562	83	6	about	about	ADP
cjfa-12562	83	7	the	the	DET
cjfa-12562	83	8	present	present	NOUN
cjfa-12562	83	9	and	and	CCONJ
cjfa-12562	83	10	the	the	DET
cjfa-12562	83	11	future	future	ADJ
cjfa-12562	83	12	economic	economic	ADJ
cjfa-12562	83	13	situation	situation	NOUN
cjfa-12562	83	14	,	,	PUNCT
cjfa-12562	83	15	if	if	SCONJ
cjfa-12562	83	16	it	it	PRON
cjfa-12562	83	17	wants	want	VERB
cjfa-12562	83	18	to	to	PART
cjfa-12562	83	19	apply	apply	VERB
cjfa-12562	83	20	forward	forward	ADV
cjfa-12562	83	21	guidance	guidance	NOUN
cjfa-12562	83	22	.	.	PUNCT
cjfa-12562	84	1	the	the	DET
cjfa-12562	84	2	effectiveness	effectiveness	NOUN
cjfa-12562	84	3	of	of	ADP
cjfa-12562	84	4	this	this	DET
cjfa-12562	84	5	tool	tool	NOUN
cjfa-12562	84	6	depends	depend	VERB
cjfa-12562	84	7	on	on	ADP
cjfa-12562	84	8	understanding	understanding	NOUN
cjfa-12562	84	9	of	of	ADP
cjfa-12562	84	10	central	central	ADJ
cjfa-12562	84	11	bank	bank	NOUN
cjfa-12562	84	12	’s	’s	PART
cjfa-12562	84	13	intentions	intention	NOUN
cjfa-12562	84	14	,	,	PUNCT
cjfa-12562	84	15	and	and	CCONJ
cjfa-12562	84	16	if	if	SCONJ
cjfa-12562	84	17	central	central	ADJ
cjfa-12562	84	18	bank	bank	NOUN
cjfa-12562	84	19	has	have	VERB
cjfa-12562	84	20	a	a	DET
cjfa-12562	84	21	public	public	ADJ
cjfa-12562	84	22	trust	trust	NOUN
cjfa-12562	84	23	.	.	PUNCT
cjfa-12562	85	1	quantitative	quantitative	ADJ
cjfa-12562	85	2	easing	ease	VERB
cjfa-12562	85	3	is	be	AUX
cjfa-12562	85	4	characterized	characterize	VERB
cjfa-12562	85	5	by	by	ADP
cjfa-12562	85	6	enlargement	enlargement	NOUN
cjfa-12562	85	7	of	of	ADP
cjfa-12562	85	8	monetary	monetary	ADJ
cjfa-12562	85	9	base	base	NOUN
cjfa-12562	85	10	above	above	ADP
cjfa-12562	85	11	the	the	DET
cjfa-12562	85	12	level	level	NOUN
cjfa-12562	85	13	needed	need	VERB
cjfa-12562	85	14	to	to	PART
cjfa-12562	85	15	achieve	achieve	VERB
cjfa-12562	85	16	zero	zero	NUM
cjfa-12562	85	17	interest	interest	NOUN
cjfa-12562	85	18	rates	rate	NOUN
cjfa-12562	85	19	.	.	PUNCT
cjfa-12562	86	1	as	as	ADP
cjfa-12562	86	2	an	an	DET
cjfa-12562	86	3	example	example	NOUN
cjfa-12562	86	4	,	,	PUNCT
cjfa-12562	86	5	we	we	PRON
cjfa-12562	86	6	can	can	AUX
cjfa-12562	86	7	indicate	indicate	VERB
cjfa-12562	86	8	the	the	DET
cjfa-12562	86	9	purchase	purchase	NOUN
cjfa-12562	86	10	of	of	ADP
cjfa-12562	86	11	bond	bond	NOUN
cjfa-12562	86	12	by	by	ADP
cjfa-12562	86	13	central	central	ADJ
cjfa-12562	86	14	bank	bank	NOUN
cjfa-12562	86	15	with	with	ADP
cjfa-12562	86	16	the	the	DET
cjfa-12562	86	17	help	help	NOUN
cjfa-12562	86	18	of	of	ADP
cjfa-12562	86	19	newly	newly	ADV
cjfa-12562	86	20	issued	issue	VERB
cjfa-12562	86	21	funds	fund	NOUN
cjfa-12562	86	22	.	.	PUNCT
cjfa-12562	87	1	such	such	ADJ
cjfa-12562	87	2	tool	tool	NOUN
cjfa-12562	87	3	has	have	VERB
cjfa-12562	87	4	effect	effect	NOUN
cjfa-12562	87	5	of	of	ADP
cjfa-12562	87	6	reducing	reduce	VERB
cjfa-12562	87	7	long	long	ADJ
cjfa-12562	87	8	-	-	PUNCT
cjfa-12562	87	9	term	term	NOUN
cjfa-12562	87	10	profitability	profitability	NOUN
cjfa-12562	87	11	of	of	ADP
cjfa-12562	87	12	debt	debt	NOUN
cjfa-12562	87	13	securities	security	NOUN
cjfa-12562	87	14	,	,	PUNCT
cjfa-12562	87	15	and	and	CCONJ
cjfa-12562	87	16	thus	thus	ADV
cjfa-12562	87	17	lower	low	ADJ
cjfa-12562	87	18	long	long	ADJ
cjfa-12562	87	19	-	-	PUNCT
cjfa-12562	87	20	term	term	NOUN
cjfa-12562	87	21	interest	interest	NOUN
cjfa-12562	87	22	rates	rate	NOUN
cjfa-12562	87	23	(	(	PUNCT
cjfa-12562	87	24	pronobis	pronobis	PROPN
cjfa-12562	87	25	,	,	PUNCT
cjfa-12562	87	26	2014	2014	NUM
cjfa-12562	87	27	,	,	PUNCT
cjfa-12562	87	28	p.	p.	NOUN
cjfa-12562	87	29	17	17	NUM
cjfa-12562	87	30	)	)	PUNCT
cjfa-12562	87	31	.	.	PUNCT
cjfa-12562	88	1	quantitative	quantitative	ADJ
cjfa-12562	88	2	easing	easing	NOUN
cjfa-12562	88	3	affects	affect	VERB
cjfa-12562	88	4	the	the	DET
cjfa-12562	88	5	market	market	NOUN
cjfa-12562	88	6	by	by	ADP
cjfa-12562	88	7	omitting	omit	VERB
cjfa-12562	88	8	interest	interest	NOUN
cjfa-12562	88	9	rate	rate	NOUN
cjfa-12562	88	10	channel	channel	NOUN
cjfa-12562	88	11	,	,	PUNCT
cjfa-12562	88	12	but	but	CCONJ
cjfa-12562	88	13	the	the	DET
cjfa-12562	88	14	tool	tool	NOUN
cjfa-12562	88	15	has	have	VERB
cjfa-12562	88	16	impact	impact	NOUN
cjfa-12562	88	17	on	on	ADP
cjfa-12562	88	18	market	market	NOUN
cjfa-12562	88	19	interest	interest	NOUN
cjfa-12562	88	20	rates	rate	NOUN
cjfa-12562	88	21	by	by	ADP
cjfa-12562	88	22	“	"	PUNCT
cjfa-12562	88	23	pumping	pump	VERB
cjfa-12562	88	24	”	"	PUNCT
cjfa-12562	88	25	additional	additional	ADJ
cjfa-12562	88	26	cash	cash	NOUN
cjfa-12562	88	27	into	into	ADP
cjfa-12562	88	28	market	market	NOUN
cjfa-12562	88	29	(	(	PUNCT
cjfa-12562	88	30	pr	pr	NOUN
cjfa-12562	88	31	 	 	SPACE
cjfa-12562	88	32	zybylska	zybylska	PROPN
cjfa-12562	88	33	-	-	PUNCT
cjfa-12562	88	34	kapuścińska	kapuścińska	PROPN
cjfa-12562	88	35	,	,	PUNCT
cjfa-12562	88	36	2012	2012	NUM
cjfa-12562	88	37	,	,	PUNCT
cjfa-12562	88	38	p.	p.	NOUN
cjfa-12562	88	39	63	63	NUM
cjfa-12562	88	40	)	)	PUNCT
cjfa-12562	88	41	.	.	PUNCT
cjfa-12562	89	1	qualitative	qualitative	ADJ
cjfa-12562	89	2	easing	easing	NOUN
cjfa-12562	89	3	is	be	AUX
cjfa-12562	89	4	also	also	ADV
cjfa-12562	89	5	aimed	aim	VERB
cjfa-12562	89	6	at	at	ADP
cjfa-12562	89	7	lowering	lower	VERB
cjfa-12562	89	8	long	long	ADJ
cjfa-12562	89	9	-	-	PUNCT
cjfa-12562	89	10	term	term	NOUN
cjfa-12562	89	11	interest	interest	NOUN
cjfa-12562	89	12	rates	rate	NOUN
cjfa-12562	89	13	.	.	PUNCT
cjfa-12562	90	1	however	however	ADV
cjfa-12562	90	2	,	,	PUNCT
cjfa-12562	90	3	in	in	ADP
cjfa-12562	90	4	this	this	DET
cjfa-12562	90	5	case	case	NOUN
cjfa-12562	90	6	,	,	PUNCT
cjfa-12562	90	7	central	central	ADJ
cjfa-12562	90	8	bank	bank	NOUN
cjfa-12562	90	9	does	do	AUX
cjfa-12562	90	10	not	not	PART
cjfa-12562	90	11	issue	issue	VERB
cjfa-12562	90	12	additional	additional	ADJ
cjfa-12562	90	13	cash	cash	NOUN
cjfa-12562	90	14	,	,	PUNCT
cjfa-12562	90	15	named	name	VERB
cjfa-12562	90	16	“	"	PUNCT
cjfa-12562	90	17	great	great	ADJ
cjfa-12562	90	18	power	power	NOUN
cjfa-12562	90	19	money	money	NOUN
cjfa-12562	90	20	”	"	PUNCT
cjfa-12562	90	21	,	,	PUNCT
cjfa-12562	90	22	and	and	CCONJ
cjfa-12562	90	23	increase	increase	VERB
cjfa-12562	90	24	its	its	PRON
cjfa-12562	90	25	balance	balance	NOUN
cjfa-12562	90	26	sheet	sheet	NOUN
cjfa-12562	90	27	.	.	PUNCT
cjfa-12562	91	1	central	central	PROPN
cjfa-12562	91	2	bank	bank	PROPN
cjfa-12562	91	3	exchanges	exchange	NOUN
cjfa-12562	91	4	simply	simply	ADV
cjfa-12562	91	5	owned	own	VERB
cjfa-12562	91	6	assets	asset	NOUN
cjfa-12562	91	7	into	into	ADP
cjfa-12562	91	8	cash	cash	NOUN
cjfa-12562	91	9	.	.	PUNCT
cjfa-12562	92	1	as	as	SCONJ
cjfa-12562	92	2	example	example	NOUN
cjfa-12562	92	3	might	might	AUX
cjfa-12562	92	4	be	be	AUX
cjfa-12562	92	5	sale	sale	NOUN
cjfa-12562	92	6	of	of	ADP
cjfa-12562	92	7	securities	security	NOUN
cjfa-12562	92	8	with	with	ADP
cjfa-12562	92	9	shorter	short	ADJ
cjfa-12562	92	10	maturity	maturity	NOUN
cjfa-12562	92	11	date	date	NOUN
cjfa-12562	92	12	and	and	CCONJ
cjfa-12562	92	13	buying	buying	NOUN
cjfa-12562	92	14	of	of	ADP
cjfa-12562	92	15	securities	security	NOUN
cjfa-12562	92	16	with	with	ADP
cjfa-12562	92	17	longer	long	ADJ
cjfa-12562	92	18	maturity	maturity	NOUN
cjfa-12562	92	19	date	date	NOUN
cjfa-12562	92	20	.	.	PUNCT
cjfa-12562	93	1	in	in	ADP
cjfa-12562	93	2	other	other	ADJ
cjfa-12562	93	3	words	word	NOUN
cjfa-12562	93	4	,	,	PUNCT
cjfa-12562	93	5	replacing	replace	VERB
cjfa-12562	93	6	more	more	ADJ
cjfa-12562	93	7	liquid	liquid	ADJ
cjfa-12562	93	8	securities	security	NOUN
cjfa-12562	93	9	for	for	ADP
cjfa-12562	93	10	less	less	ADV
cjfa-12562	93	11	liquid	liquid	ADJ
cjfa-12562	93	12	or	or	CCONJ
cjfa-12562	93	13	buyinh	buyinh	NOUN
cjfa-12562	93	14	more	more	ADV
cjfa-12562	93	15	risky	risky	ADJ
cjfa-12562	93	16	assets	asset	NOUN
cjfa-12562	93	17	and	and	CCONJ
cjfa-12562	93	18	selling	sell	VERB
cjfa-12562	93	19	less	less	ADV
cjfa-12562	93	20	risky	risky	ADJ
cjfa-12562	93	21	assets	asset	NOUN
cjfa-12562	93	22	in	in	ADP
cjfa-12562	93	23	the	the	DET
cjfa-12562	93	24	same	same	ADJ
cjfa-12562	93	25	time	time	NOUN
cjfa-12562	93	26	.	.	PUNCT
cjfa-12562	94	1	changes	change	NOUN
cjfa-12562	94	2	in	in	ADP
cjfa-12562	94	3	demand	demand	NOUN
cjfa-12562	94	4	for	for	ADP
cjfa-12562	94	5	assets	asset	NOUN
cjfa-12562	94	6	give	give	VERB
cjfa-12562	94	7	rise	rise	NOUN
cjfa-12562	94	8	to	to	ADP
cjfa-12562	94	9	changes	change	NOUN
cjfa-12562	94	10	in	in	ADP
cjfa-12562	94	11	their	their	PRON
cjfa-12562	94	12	values	value	NOUN
cjfa-12562	94	13	,	,	PUNCT
cjfa-12562	94	14	and	and	CCONJ
cjfa-12562	94	15	thus	thus	ADV
cjfa-12562	94	16	changes	change	NOUN
cjfa-12562	94	17	in	in	ADP
cjfa-12562	94	18	profitability	profitability	NOUN
cjfa-12562	94	19	.	.	PUNCT
cjfa-12562	95	1	qualitative	qualitative	ADJ
cjfa-12562	95	2	easing	ease	VERB
cjfa-12562	95	3	changes	change	NOUN
cjfa-12562	95	4	profile	profile	NOUN
cjfa-12562	95	5	and	and	CCONJ
cjfa-12562	95	6	type	type	NOUN
cjfa-12562	95	7	of	of	ADP
cjfa-12562	95	8	risk	risk	NOUN
cjfa-12562	95	9	in	in	ADP
cjfa-12562	95	10	the	the	DET
cjfa-12562	95	11	central	central	PROPN
cjfa-12562	95	12	bank	bank	PROPN
cjfa-12562	95	13	’s	’s	PART
cjfa-12562	95	14	portfolio	portfolio	NOUN
cjfa-12562	95	15	.	.	PUNCT
cjfa-12562	96	1	figure	figure	NOUN
cjfa-12562	96	2	1	1	NUM
cjfa-12562	96	3	shows	show	VERB
cjfa-12562	96	4	the	the	DET
cjfa-12562	96	5	comparison	comparison	NOUN
cjfa-12562	96	6	between	between	ADP
cjfa-12562	96	7	quantitative	quantitative	ADJ
cjfa-12562	96	8	easing	easing	NOUN
cjfa-12562	96	9	and	and	CCONJ
cjfa-12562	96	10	qualitative	qualitative	ADJ
cjfa-12562	96	11	easing	easing	NOUN
cjfa-12562	96	12	.	.	PUNCT
cjfa-12562	97	1	radosław	radosław	PROPN
cjfa-12562	97	2	ciukaj64	ciukaj64	PROPN
cjfa-12562	97	3	figure	figure	VERB
cjfa-12562	97	4	1	1	NUM
cjfa-12562	97	5	.	.	PUNCT
cjfa-12562	97	6	comparison	comparison	NOUN
cjfa-12562	97	7	between	between	ADP
cjfa-12562	97	8	quantitative	quantitative	ADJ
cjfa-12562	97	9	easing	easing	NOUN
cjfa-12562	97	10	and	and	CCONJ
cjfa-12562	97	11	qualitative	qualitative	ADJ
cjfa-12562	97	12	easing	ease	VERB
cjfa-12562	97	13	qualitative	qualitative	ADJ
cjfa-12562	97	14	easing	ease	VERB
cjfa-12562	97	15	liabilities	liability	NOUN
cjfa-12562	97	16	assets	asset	NOUN
cjfa-12562	97	17	before	before	ADV
cjfa-12562	97	18	after	after	ADP
cjfa-12562	97	19	before	before	ADV
cjfa-12562	97	20	after	after	SCONJ
cjfa-12562	97	21	assets	asset	NOUN
cjfa-12562	97	22	liabilities	liability	NOUN
cjfa-12562	97	23	figure	figure	VERB
cjfa-12562	97	24	1	1	NUM
cjfa-12562	97	25	.	.	PUNCT
cjfa-12562	97	26	comparison	comparison	NOUN
cjfa-12562	97	27	between	between	ADP
cjfa-12562	97	28	quantitative	quantitative	ADJ
cjfa-12562	97	29	easing	easing	NOUN
cjfa-12562	97	30	and	and	CCONJ
cjfa-12562	97	31	qualitative	qualitative	ADJ
cjfa-12562	97	32	easing	ease	VERB
cjfa-12562	97	33	source	source	NOUN
cjfa-12562	97	34	:	:	PUNCT
cjfa-12562	97	35	lenza	lenza	PROPN
cjfa-12562	97	36	,	,	PUNCT
cjfa-12562	97	37	pill	pill	NOUN
cjfa-12562	97	38	,	,	PUNCT
cjfa-12562	97	39	&	&	CCONJ
cjfa-12562	97	40	reichlin	reichlin	PROPN
cjfa-12562	97	41	,	,	PUNCT
cjfa-12562	97	42	2010	2010	NUM
cjfa-12562	97	43	,	,	PUNCT
cjfa-12562	97	44	p.	p.	NOUN
cjfa-12562	97	45	10	10	NUM
cjfa-12562	97	46	.	.	PUNCT
cjfa-12562	98	1	division	division	NOUN
cjfa-12562	98	2	of	of	ADP
cjfa-12562	98	3	unconventional	unconventional	ADJ
cjfa-12562	98	4	monetary	monetary	ADJ
cjfa-12562	98	5	policy	policy	NOUN
cjfa-12562	98	6	tool	tool	NOUN
cjfa-12562	98	7	can	can	AUX
cjfa-12562	98	8	take	take	VERB
cjfa-12562	98	9	place	place	NOUN
cjfa-12562	98	10	also	also	ADV
cjfa-12562	98	11	according	accord	VERB
cjfa-12562	98	12	to	to	ADP
cjfa-12562	98	13	other	other	ADJ
cjfa-12562	98	14	criteria	criterion	NOUN
cjfa-12562	98	15	,	,	PUNCT
cjfa-12562	98	16	which	which	PRON
cjfa-12562	98	17	are	be	AUX
cjfa-12562	98	18	presented	present	VERB
cjfa-12562	98	19	in	in	ADP
cjfa-12562	98	20	table	table	NOUN
cjfa-12562	98	21	2	2	NUM
cjfa-12562	98	22	.	.	PUNCT
cjfa-12562	98	23	table	table	NOUN
cjfa-12562	98	24	2	2	NUM
cjfa-12562	98	25	.	.	PUNCT
cjfa-12562	98	26	division	division	NOUN
cjfa-12562	98	27	of	of	ADP
cjfa-12562	98	28	unconventional	unconventional	ADJ
cjfa-12562	98	29	monetary	monetary	ADJ
cjfa-12562	98	30	policy	policy	NOUN
cjfa-12562	98	31	tools	tool	NOUN
cjfa-12562	98	32	instrument	instrument	NOUN
cjfa-12562	98	33	characteristics	characteristic	NOUN
cjfa-12562	98	34	of	of	ADP
cjfa-12562	98	35	instrument	instrument	NOUN
cjfa-12562	98	36	direct	direct	ADJ
cjfa-12562	98	37	quantitative	quantitative	ADJ
cjfa-12562	98	38	easing	ease	VERB
cjfa-12562	98	39	central	central	ADJ
cjfa-12562	98	40	banks	bank	NOUN
cjfa-12562	98	41	increase	increase	VERB
cjfa-12562	98	42	their	their	PRON
cjfa-12562	98	43	balance	balance	NOUN
cjfa-12562	98	44	sheet	sheet	NOUN
cjfa-12562	98	45	sums	sum	NOUN
cjfa-12562	98	46	by	by	ADP
cjfa-12562	98	47	buying	buy	VERB
cjfa-12562	98	48	all	all	DET
cjfa-12562	98	49	sorts	sort	NOUN
cjfa-12562	98	50	of	of	ADP
cjfa-12562	98	51	assets	asset	NOUN
cjfa-12562	98	52	from	from	ADP
cjfa-12562	98	53	any	any	DET
cjfa-12562	98	54	market	market	NOUN
cjfa-12562	98	55	participants	participant	NOUN
cjfa-12562	98	56	,	,	PUNCT
cjfa-12562	98	57	but	but	CCONJ
cjfa-12562	98	58	in	in	ADP
cjfa-12562	98	59	practice	practice	NOUN
cjfa-12562	98	60	they	they	PRON
cjfa-12562	98	61	buy	buy	VERB
cjfa-12562	98	62	long	long	ADJ
cjfa-12562	98	63	-	-	PUNCT
cjfa-12562	98	64	term	term	NOUN
cjfa-12562	98	65	government	government	NOUN
cjfa-12562	98	66	securities	security	NOUN
cjfa-12562	98	67	from	from	ADP
cjfa-12562	98	68	commercials	commercial	NOUN
cjfa-12562	98	69	banks	bank	NOUN
cjfa-12562	98	70	.	.	PUNCT
cjfa-12562	99	1	the	the	DET
cjfa-12562	99	2	purpose	purpose	NOUN
cjfa-12562	99	3	od	od	ADP
cjfa-12562	99	4	these	these	DET
cjfa-12562	99	5	instrument	instrument	NOUN
cjfa-12562	99	6	is	be	AUX
cjfa-12562	99	7	to	to	PART
cjfa-12562	99	8	provide	provide	VERB
cjfa-12562	99	9	additional	additional	ADJ
cjfa-12562	99	10	cash	cash	NOUN
cjfa-12562	99	11	to	to	ADP
cjfa-12562	99	12	private	private	ADJ
cjfa-12562	99	13	sector	sector	NOUN
cjfa-12562	99	14	,	,	PUNCT
cjfa-12562	99	15	however	however	ADV
cjfa-12562	99	16	,	,	PUNCT
cjfa-12562	99	17	decision	decision	NOUN
cjfa-12562	99	18	,	,	PUNCT
cjfa-12562	99	19	whether	whether	SCONJ
cjfa-12562	99	20	these	these	DET
cjfa-12562	99	21	fund	fund	NOUN
cjfa-12562	99	22	will	will	AUX
cjfa-12562	99	23	be	be	AUX
cjfa-12562	99	24	used	use	VERB
cjfa-12562	99	25	for	for	ADP
cjfa-12562	99	26	credit	credit	NOUN
cjfa-12562	99	27	activity	activity	NOUN
cjfa-12562	99	28	or	or	CCONJ
cjfa-12562	99	29	remain	remain	VERB
cjfa-12562	99	30	as	as	ADP
cjfa-12562	99	31	a	a	DET
cjfa-12562	99	32	liquidity	liquidity	NOUN
cjfa-12562	99	33	buffer	buffer	NOUN
cjfa-12562	99	34	,	,	PUNCT
cjfa-12562	99	35	belongs	belong	VERB
cjfa-12562	99	36	„	„	PUNCT
cjfa-12562	99	37	conventional	conventional	ADJ
cjfa-12562	99	38	”	"	PUNCT
cjfa-12562	99	39	assets	asset	NOUN
cjfa-12562	99	40	banknotes	banknote	NOUN
cjfa-12562	99	41	reserves	reserve	NOUN
cjfa-12562	99	42	„	„	PUNCT
cjfa-12562	99	43	conventional	conventional	ADJ
cjfa-12562	99	44	”	"	PUNCT
cjfa-12562	99	45	assets	asset	NOUN
cjfa-12562	99	46	„	„	PUNCT
cjfa-12562	99	47	unconventional	unconventional	ADJ
cjfa-12562	99	48	”	"	PUNCT
cjfa-12562	99	49	assets	asset	NOUN
cjfa-12562	99	50	banknotes	banknote	NOUN
cjfa-12562	99	51	reserves	reserve	NOUN
cjfa-12562	99	52	quantitative	quantitative	ADJ
cjfa-12562	99	53	easing	ease	VERB
cjfa-12562	99	54	s	s	PART
cjfa-12562	99	55	o	o	X
cjfa-12562	99	56	u	u	NOUN
cjfa-12562	99	57	r	r	NOUN
cjfa-12562	99	58	c	c	NOUN
cjfa-12562	99	59	e	e	NOUN
cjfa-12562	99	60	:	:	PUNCT
cjfa-12562	99	61	lenza	lenza	PROPN
cjfa-12562	99	62	,	,	PUNCT
cjfa-12562	99	63	pill	pill	NOUN
cjfa-12562	99	64	,	,	PUNCT
cjfa-12562	99	65	&	&	CCONJ
cjfa-12562	99	66	reichlin	reichlin	PROPN
cjfa-12562	99	67	,	,	PUNCT
cjfa-12562	99	68	2010	2010	NUM
cjfa-12562	99	69	,	,	PUNCT
cjfa-12562	99	70	p.	p.	NOUN
cjfa-12562	99	71	10	10	NUM
cjfa-12562	99	72	.	.	PUNCT
cjfa-12562	100	1	division	division	NOUN
cjfa-12562	100	2	of	of	ADP
cjfa-12562	100	3	unconventional	unconventional	ADJ
cjfa-12562	100	4	monetary	monetary	ADJ
cjfa-12562	100	5	policy	policy	NOUN
cjfa-12562	100	6	tool	tool	NOUN
cjfa-12562	100	7	can	can	AUX
cjfa-12562	100	8	take	take	VERB
cjfa-12562	100	9	place	place	NOUN
cjfa-12562	100	10	also	also	ADV
cjfa-12562	100	11	according	accord	VERB
cjfa-12562	100	12	to	to	ADP
cjfa-12562	100	13	other	other	ADJ
cjfa-12562	100	14	criteria	criterion	NOUN
cjfa-12562	100	15	,	,	PUNCT
cjfa-12562	100	16	which	which	PRON
cjfa-12562	100	17	are	be	AUX
cjfa-12562	100	18	presented	present	VERB
cjfa-12562	100	19	in	in	ADP
cjfa-12562	100	20	table	table	NOUN
cjfa-12562	100	21	2	2	NUM
cjfa-12562	100	22	.	.	PUNCT
cjfa-12562	100	23	managing	manage	VERB
cjfa-12562	100	24	financial	financial	ADJ
cjfa-12562	100	25	stability	stability	NOUN
cjfa-12562	100	26	by	by	ADP
cjfa-12562	100	27	the	the	DET
cjfa-12562	100	28	european	european	PROPN
cjfa-12562	100	29	central	central	PROPN
cjfa-12562	100	30	bank	bank	PROPN
cjfa-12562	100	31	…	…	PUNCT
cjfa-12562	101	1	65	65	NUM
cjfa-12562	101	2	table	table	NOUN
cjfa-12562	101	3	2	2	NUM
cjfa-12562	101	4	.	.	PUNCT
cjfa-12562	101	5	division	division	NOUN
cjfa-12562	101	6	of	of	ADP
cjfa-12562	101	7	unconventional	unconventional	ADJ
cjfa-12562	101	8	monetary	monetary	ADJ
cjfa-12562	101	9	policy	policy	NOUN
cjfa-12562	101	10	tools	tool	NOUN
cjfa-12562	101	11	instrument	instrument	NOUN
cjfa-12562	101	12	characteristics	characteristic	NOUN
cjfa-12562	101	13	of	of	ADP
cjfa-12562	101	14	instrument	instrument	NOUN
cjfa-12562	101	15	direct	direct	ADJ
cjfa-12562	101	16	quantitative	quantitative	ADJ
cjfa-12562	101	17	easing	ease	VERB
cjfa-12562	101	18	central	central	ADJ
cjfa-12562	101	19	banks	bank	NOUN
cjfa-12562	101	20	increase	increase	VERB
cjfa-12562	101	21	their	their	PRON
cjfa-12562	101	22	balance	balance	NOUN
cjfa-12562	101	23	sheet	sheet	NOUN
cjfa-12562	101	24	sums	sum	NOUN
cjfa-12562	101	25	by	by	ADP
cjfa-12562	101	26	buying	buy	VERB
cjfa-12562	101	27	all	all	DET
cjfa-12562	101	28	sorts	sort	NOUN
cjfa-12562	101	29	of	of	ADP
cjfa-12562	101	30	assets	asset	NOUN
cjfa-12562	101	31	from	from	ADP
cjfa-12562	101	32	any	any	DET
cjfa-12562	101	33	market	market	NOUN
cjfa-12562	101	34	participants	participant	NOUN
cjfa-12562	101	35	,	,	PUNCT
cjfa-12562	101	36	but	but	CCONJ
cjfa-12562	101	37	in	in	ADP
cjfa-12562	101	38	practice	practice	NOUN
cjfa-12562	101	39	they	they	PRON
cjfa-12562	101	40	buy	buy	VERB
cjfa-12562	101	41	long	long	ADJ
cjfa-12562	101	42	-	-	PUNCT
cjfa-12562	101	43	term	term	NOUN
cjfa-12562	101	44	government	government	NOUN
cjfa-12562	101	45	securities	security	NOUN
cjfa-12562	101	46	from	from	ADP
cjfa-12562	101	47	commercials	commercial	NOUN
cjfa-12562	101	48	banks	bank	NOUN
cjfa-12562	101	49	.	.	PUNCT
cjfa-12562	102	1	the	the	DET
cjfa-12562	102	2	purpose	purpose	NOUN
cjfa-12562	102	3	of	of	ADP
cjfa-12562	102	4	these	these	DET
cjfa-12562	102	5	instrument	instrument	NOUN
cjfa-12562	102	6	is	be	AUX
cjfa-12562	102	7	to	to	PART
cjfa-12562	102	8	provide	provide	VERB
cjfa-12562	102	9	additional	additional	ADJ
cjfa-12562	102	10	cash	cash	NOUN
cjfa-12562	102	11	to	to	ADP
cjfa-12562	102	12	private	private	ADJ
cjfa-12562	102	13	sector	sector	NOUN
cjfa-12562	102	14	,	,	PUNCT
cjfa-12562	102	15	however	however	ADV
cjfa-12562	102	16	,	,	PUNCT
cjfa-12562	102	17	decision	decision	NOUN
cjfa-12562	102	18	,	,	PUNCT
cjfa-12562	102	19	whether	whether	SCONJ
cjfa-12562	102	20	these	these	DET
cjfa-12562	102	21	fund	fund	NOUN
cjfa-12562	102	22	will	will	AUX
cjfa-12562	102	23	be	be	AUX
cjfa-12562	102	24	used	use	VERB
cjfa-12562	102	25	for	for	ADP
cjfa-12562	102	26	credit	credit	NOUN
cjfa-12562	102	27	activity	activity	NOUN
cjfa-12562	102	28	or	or	CCONJ
cjfa-12562	102	29	remain	remain	VERB
cjfa-12562	102	30	as	as	ADP
cjfa-12562	102	31	a	a	DET
cjfa-12562	102	32	liquidity	liquidity	NOUN
cjfa-12562	102	33	buffer	buffer	NOUN
cjfa-12562	102	34	,	,	PUNCT
cjfa-12562	102	35	belongs	belong	VERB
cjfa-12562	102	36	to	to	ADP
cjfa-12562	102	37	commercial	commercial	ADJ
cjfa-12562	102	38	banks	bank	NOUN
cjfa-12562	102	39	.	.	PUNCT
cjfa-12562	103	1	direct	direct	ADJ
cjfa-12562	103	2	credit	credit	NOUN
cjfa-12562	103	3	easing	ease	VERB
cjfa-12562	103	4	central	central	ADJ
cjfa-12562	103	5	banks	bank	NOUN
cjfa-12562	103	6	recognize	recognize	VERB
cjfa-12562	103	7	shortages	shortage	NOUN
cjfa-12562	103	8	of	of	ADP
cjfa-12562	103	9	liquidity	liquidity	NOUN
cjfa-12562	103	10	in	in	ADP
cjfa-12562	103	11	specific	specific	ADJ
cjfa-12562	103	12	market	market	NOUN
cjfa-12562	103	13	sectors	sector	NOUN
cjfa-12562	103	14	and	and	CCONJ
cjfa-12562	103	15	reduce	reduce	VERB
cjfa-12562	103	16	them	they	PRON
cjfa-12562	103	17	by	by	ADP
cjfa-12562	103	18	buying	buy	VERB
cjfa-12562	103	19	commercial	commercial	ADJ
cjfa-12562	103	20	papers	paper	NOUN
cjfa-12562	103	21	,	,	PUNCT
cjfa-12562	103	22	corporate	corporate	ADJ
cjfa-12562	103	23	bonds	bond	NOUN
cjfa-12562	103	24	and	and	CCONJ
cjfa-12562	103	25	assetbacked	assetbacke	VERB
cjfa-12562	103	26	securities	security	NOUN
cjfa-12562	103	27	.	.	PUNCT
cjfa-12562	104	1	indirect	indirect	ADJ
cjfa-12562	104	2	quantitative	quantitative	ADJ
cjfa-12562	104	3	/credit	/credit	NOUN
cjfa-12562	104	4	easing	ease	VERB
cjfa-12562	104	5	central	central	ADJ
cjfa-12562	104	6	bank	bank	NOUN
cjfa-12562	104	7	provides	provide	VERB
cjfa-12562	104	8	loans	loan	NOUN
cjfa-12562	104	9	to	to	ADP
cjfa-12562	104	10	commercial	commercial	ADJ
cjfa-12562	104	11	banks	bank	NOUN
cjfa-12562	104	12	for	for	ADP
cjfa-12562	104	13	longer	long	ADJ
cjfa-12562	104	14	periods	period	NOUN
cjfa-12562	104	15	and	and	CCONJ
cjfa-12562	104	16	at	at	ADP
cjfa-12562	104	17	non	non	ADJ
cjfa-12562	104	18	-	-	ADJ
cjfa-12562	104	19	standard	standard	ADJ
cjfa-12562	104	20	conditions	condition	NOUN
cjfa-12562	104	21	.	.	PUNCT
cjfa-12562	105	1	these	these	DET
cjfa-12562	105	2	loans	loan	NOUN
cjfa-12562	105	3	are	be	AUX
cjfa-12562	105	4	usually	usually	ADV
cjfa-12562	105	5	secured	secure	VERB
cjfa-12562	105	6	by	by	ADP
cjfa-12562	105	7	a	a	DET
cjfa-12562	105	8	wide	wide	ADJ
cjfa-12562	105	9	range	range	NOUN
cjfa-12562	105	10	of	of	ADP
cjfa-12562	105	11	collaterals	collateral	NOUN
cjfa-12562	105	12	.	.	PUNCT
cjfa-12562	106	1	s	s	PART
cjfa-12562	106	2	o	o	X
cjfa-12562	106	3	u	u	NOUN
cjfa-12562	106	4	r	r	NOUN
cjfa-12562	106	5	c	c	NOUN
cjfa-12562	106	6	e	e	NOUN
cjfa-12562	106	7	:	:	PUNCT
cjfa-12562	106	8	based	base	VERB
cjfa-12562	106	9	on	on	ADP
cjfa-12562	106	10	:	:	PUNCT
cjfa-12562	106	11	szunke	szunke	PROPN
cjfa-12562	106	12	,	,	PUNCT
cjfa-12562	106	13	2013	2013	NUM
cjfa-12562	106	14	,	,	PUNCT
cjfa-12562	106	15	p.	p.	NOUN
cjfa-12562	106	16	3	3	NUM
cjfa-12562	106	17	.	.	PUNCT
cjfa-12562	106	18	unconventional	unconventional	ADJ
cjfa-12562	106	19	monetary	monetary	ADJ
cjfa-12562	106	20	policy	policy	NOUN
cjfa-12562	106	21	provides	provide	VERB
cjfa-12562	106	22	liquidity	liquidity	NOUN
cjfa-12562	106	23	to	to	ADP
cjfa-12562	106	24	the	the	DET
cjfa-12562	106	25	banking	banking	NOUN
cjfa-12562	106	26	sector	sector	NOUN
cjfa-12562	106	27	.	.	PUNCT
cjfa-12562	107	1	it	it	PRON
cjfa-12562	107	2	is	be	AUX
cjfa-12562	107	3	used	use	VERB
cjfa-12562	107	4	in	in	ADP
cjfa-12562	107	5	order	order	NOUN
cjfa-12562	107	6	to	to	PART
cjfa-12562	107	7	exert	exert	VERB
cjfa-12562	107	8	influence	influence	NOUN
cjfa-12562	107	9	on	on	ADP
cjfa-12562	107	10	security	security	NOUN
cjfa-12562	107	11	prices	price	NOUN
cjfa-12562	107	12	and	and	CCONJ
cjfa-12562	107	13	market	market	NOUN
cjfa-12562	107	14	conditions	condition	NOUN
cjfa-12562	107	15	by	by	ADP
cjfa-12562	107	16	selling	sell	VERB
cjfa-12562	107	17	central	central	ADJ
cjfa-12562	107	18	bank	bank	NOUN
cjfa-12562	107	19	’s	’s	PART
cjfa-12562	107	20	assets	asset	NOUN
cjfa-12562	107	21	or	or	CCONJ
cjfa-12562	107	22	buying	buy	VERB
cjfa-12562	107	23	new	new	ADJ
cjfa-12562	107	24	ones	one	NOUN
cjfa-12562	107	25	.	.	PUNCT
cjfa-12562	108	1	therefore	therefore	ADV
cjfa-12562	108	2	,	,	PUNCT
cjfa-12562	108	3	it	it	PRON
cjfa-12562	108	4	is	be	AUX
cjfa-12562	108	5	also	also	ADV
cjfa-12562	108	6	called	call	VERB
cjfa-12562	108	7	“	"	PUNCT
cjfa-12562	108	8	balance	balance	NOUN
cjfa-12562	108	9	sheet	sheet	NOUN
cjfa-12562	108	10	policy	policy	NOUN
cjfa-12562	108	11	”	"	PUNCT
cjfa-12562	108	12	.	.	PUNCT
cjfa-12562	109	1	the	the	DET
cjfa-12562	109	2	ways	way	NOUN
cjfa-12562	109	3	,	,	PUNCT
cjfa-12562	109	4	that	that	SCONJ
cjfa-12562	109	5	european	european	PROPN
cjfa-12562	109	6	central	central	PROPN
cjfa-12562	109	7	bank	bank	PROPN
cjfa-12562	109	8	used	use	VERB
cjfa-12562	109	9	to	to	PART
cjfa-12562	109	10	provide	provide	VERB
cjfa-12562	109	11	additional	additional	ADJ
cjfa-12562	109	12	liquidity	liquidity	NOUN
cjfa-12562	109	13	to	to	ADP
cjfa-12562	109	14	the	the	DET
cjfa-12562	109	15	banking	banking	NOUN
cjfa-12562	109	16	sector	sector	NOUN
cjfa-12562	109	17	,	,	PUNCT
cjfa-12562	109	18	were	be	AUX
cjfa-12562	109	19	:	:	PUNCT
cjfa-12562	109	20	modifications	modification	NOUN
cjfa-12562	109	21	in	in	ADP
cjfa-12562	109	22	terms	term	NOUN
cjfa-12562	109	23	of	of	ADP
cjfa-12562	109	24	maturity	maturity	NOUN
cjfa-12562	109	25	of	of	ADP
cjfa-12562	109	26	open	open	ADJ
cjfa-12562	109	27	market	market	NOUN
cjfa-12562	109	28	operations	operation	NOUN
cjfa-12562	109	29	,	,	PUNCT
cjfa-12562	109	30	unconventional	unconventional	ADJ
cjfa-12562	109	31	long	long	ADJ
cjfa-12562	109	32	-	-	PUNCT
cjfa-12562	109	33	term	term	NOUN
cjfa-12562	109	34	operations	operation	NOUN
cjfa-12562	109	35	,	,	PUNCT
cjfa-12562	109	36	extensions	extension	NOUN
cjfa-12562	109	37	of	of	ADP
cjfa-12562	109	38	securities	security	NOUN
cjfa-12562	109	39	,	,	PUNCT
cjfa-12562	109	40	which	which	PRON
cjfa-12562	109	41	were	be	AUX
cjfa-12562	109	42	accepted	accept	VERB
cjfa-12562	109	43	as	as	ADP
cjfa-12562	109	44	collateral	collateral	NOUN
cjfa-12562	109	45	,	,	PUNCT
cjfa-12562	109	46	swap	swap	NOUN
cjfa-12562	109	47	lines	line	NOUN
cjfa-12562	109	48	with	with	ADP
cjfa-12562	109	49	other	other	ADJ
cjfa-12562	109	50	central	central	ADJ
cjfa-12562	109	51	banks	bank	NOUN
cjfa-12562	109	52	and	and	CCONJ
cjfa-12562	109	53	purchase	purchase	NOUN
cjfa-12562	109	54	of	of	ADP
cjfa-12562	109	55	securitized	securitized	ADJ
cjfa-12562	109	56	papers	paper	NOUN
cjfa-12562	109	57	or	or	CCONJ
cjfa-12562	109	58	accept	accept	VERB
cjfa-12562	109	59	them	they	PRON
cjfa-12562	109	60	as	as	ADP
cjfa-12562	109	61	collateral	collateral	NOUN
cjfa-12562	109	62	(	(	PUNCT
cjfa-12562	109	63	przybylskakapuścińska	przybylskakapuścińska	NOUN
cjfa-12562	109	64	,	,	PUNCT
cjfa-12562	109	65	2012	2012	NUM
cjfa-12562	109	66	,	,	PUNCT
cjfa-12562	109	67	p.	p.	NOUN
cjfa-12562	109	68	64	64	NUM
cjfa-12562	109	69	)	)	PUNCT
cjfa-12562	109	70	.	.	PUNCT
cjfa-12562	110	1	given	give	VERB
cjfa-12562	110	2	the	the	DET
cjfa-12562	110	3	tensions	tension	NOUN
cjfa-12562	110	4	on	on	ADP
cjfa-12562	110	5	the	the	DET
cjfa-12562	110	6	money	money	NOUN
cjfa-12562	110	7	market	market	NOUN
cjfa-12562	110	8	in	in	ADP
cjfa-12562	110	9	the	the	DET
cjfa-12562	110	10	first	first	ADJ
cjfa-12562	110	11	half	half	NOUN
cjfa-12562	110	12	of	of	ADP
cjfa-12562	110	13	2008	2008	NUM
cjfa-12562	110	14	,	,	PUNCT
cjfa-12562	110	15	european	european	PROPN
cjfa-12562	110	16	central	central	PROPN
cjfa-12562	110	17	bank	bank	PROPN
cjfa-12562	110	18	decided	decide	VERB
cjfa-12562	110	19	to	to	PART
cjfa-12562	110	20	increase	increase	VERB
cjfa-12562	110	21	liquidity	liquidity	NOUN
cjfa-12562	110	22	,	,	PUNCT
cjfa-12562	110	23	allowing	allow	VERB
cjfa-12562	110	24	banks	bank	NOUN
cjfa-12562	110	25	to	to	PART
cjfa-12562	110	26	earlier	early	ADV
cjfa-12562	110	27	fulfill	fulfill	VERB
cjfa-12562	110	28	their	their	PRON
cjfa-12562	110	29	obligations	obligation	NOUN
cjfa-12562	110	30	about	about	ADP
cjfa-12562	110	31	reserve	reserve	PROPN
cjfa-12562	110	32	requirement	requirement	NOUN
cjfa-12562	110	33	,	,	PUNCT
cjfa-12562	110	34	what	what	PRON
cjfa-12562	110	35	banks	bank	NOUN
cjfa-12562	110	36	preferred	prefer	VERB
cjfa-12562	110	37	,	,	PUNCT
cjfa-12562	110	38	because	because	SCONJ
cjfa-12562	110	39	of	of	ADP
cjfa-12562	110	40	uncertainty	uncertainty	NOUN
cjfa-12562	110	41	and	and	CCONJ
cjfa-12562	110	42	decreasing	decrease	VERB
cjfa-12562	110	43	turnover	turnover	NOUN
cjfa-12562	110	44	on	on	ADP
cjfa-12562	110	45	the	the	DET
cjfa-12562	110	46	market	market	NOUN
cjfa-12562	110	47	.	.	PUNCT
cjfa-12562	111	1	ecb	ecb	NOUN
cjfa-12562	111	2	reduced	reduce	VERB
cjfa-12562	111	3	liquidity	liquidity	NOUN
cjfa-12562	111	4	at	at	ADP
cjfa-12562	111	5	the	the	DET
cjfa-12562	111	6	end	end	NOUN
cjfa-12562	111	7	of	of	ADP
cjfa-12562	111	8	reserve	reserve	NOUN
cjfa-12562	111	9	maintenance	maintenance	NOUN
cjfa-12562	111	10	period	period	NOUN
cjfa-12562	111	11	,	,	PUNCT
cjfa-12562	111	12	which	which	PRON
cjfa-12562	111	13	is	be	AUX
cjfa-12562	111	14	the	the	DET
cjfa-12562	111	15	reason	reason	NOUN
cjfa-12562	111	16	why	why	SCONJ
cjfa-12562	111	17	total	total	ADJ
cjfa-12562	111	18	level	level	NOUN
cjfa-12562	111	19	of	of	ADP
cjfa-12562	111	20	liquidity	liquidity	NOUN
cjfa-12562	111	21	within	within	ADP
cjfa-12562	111	22	planned	plan	VERB
cjfa-12562	111	23	period	period	NOUN
cjfa-12562	111	24	remained	remain	VERB
cjfa-12562	111	25	unchanged	unchanged	ADJ
cjfa-12562	111	26	(	(	PUNCT
cjfa-12562	111	27	żywiecka	żywiecka	NOUN
cjfa-12562	111	28	,	,	PUNCT
cjfa-12562	111	29	2014	2014	NUM
cjfa-12562	111	30	,	,	PUNCT
cjfa-12562	111	31	p.	p.	NOUN
cjfa-12562	111	32	154	154	NUM
cjfa-12562	111	33	)	)	PUNCT
cjfa-12562	111	34	.	.	PUNCT
cjfa-12562	112	1	another	another	DET
cjfa-12562	112	2	step	step	NOUN
cjfa-12562	112	3	designed	design	VERB
cjfa-12562	112	4	to	to	PART
cjfa-12562	112	5	increase	increase	VERB
cjfa-12562	112	6	access	access	NOUN
cjfa-12562	112	7	to	to	ADP
cjfa-12562	112	8	central	central	ADJ
cjfa-12562	112	9	bank	bank	NOUN
cjfa-12562	112	10	’s	’s	PART
cjfa-12562	112	11	liquidity	liquidity	NOUN
cjfa-12562	112	12	was	be	AUX
cjfa-12562	112	13	introduction	introduction	NOUN
cjfa-12562	112	14	of	of	ADP
cjfa-12562	112	15	additional	additional	ADJ
cjfa-12562	112	16	long	long	ADJ
cjfa-12562	112	17	-	-	PUNCT
cjfa-12562	112	18	term	term	NOUN
cjfa-12562	112	19	refinancing	refinance	VERB
cjfa-12562	112	20	operations	operation	NOUN
cjfa-12562	112	21	–	–	PUNCT
cjfa-12562	112	22	6	6	NUM
cjfa-12562	112	23	months	month	NOUN
cjfa-12562	112	24	instead	instead	ADV
cjfa-12562	112	25	of	of	ADP
cjfa-12562	112	26	3	3	NUM
cjfa-12562	112	27	months	month	NOUN
cjfa-12562	112	28	–	–	PUNCT
cjfa-12562	112	29	and	and	CCONJ
cjfa-12562	112	30	later	later	ADV
cjfa-12562	112	31	with	with	ADP
cjfa-12562	112	32	even	even	ADV
cjfa-12562	112	33	longer	long	ADJ
cjfa-12562	112	34	maturity	maturity	NOUN
cjfa-12562	112	35	terms	term	NOUN
cjfa-12562	112	36	.	.	PUNCT
cjfa-12562	113	1	with	with	ADP
cjfa-12562	113	2	this	this	DET
cjfa-12562	113	3	step	step	NOUN
cjfa-12562	113	4	,	,	PUNCT
cjfa-12562	113	5	average	average	ADJ
cjfa-12562	113	6	maturity	maturity	NOUN
cjfa-12562	113	7	of	of	ADP
cjfa-12562	113	8	refinancing	refinance	VERB
cjfa-12562	113	9	period	period	NOUN
cjfa-12562	113	10	increased	increase	VERB
cjfa-12562	113	11	,	,	PUNCT
cjfa-12562	113	12	which	which	PRON
cjfa-12562	113	13	led	lead	VERB
cjfa-12562	113	14	to	to	ADP
cjfa-12562	113	15	greater	great	ADJ
cjfa-12562	113	16	access	access	NOUN
cjfa-12562	113	17	to	to	ADP
cjfa-12562	113	18	long	long	ADJ
cjfa-12562	113	19	-	-	PUNCT
cjfa-12562	113	20	term	term	NOUN
cjfa-12562	113	21	money	money	NOUN
cjfa-12562	113	22	.	.	PUNCT
cjfa-12562	114	1	the	the	DET
cjfa-12562	114	2	aim	aim	NOUN
cjfa-12562	114	3	was	be	AUX
cjfa-12562	114	4	to	to	PART
cjfa-12562	114	5	encourage	encourage	VERB
cjfa-12562	114	6	banks	bank	NOUN
cjfa-12562	114	7	to	to	PART
cjfa-12562	114	8	give	give	VERB
cjfa-12562	114	9	more	more	ADJ
cjfa-12562	114	10	loans	loan	NOUN
cjfa-12562	114	11	to	to	ADP
cjfa-12562	114	12	economy	economy	NOUN
cjfa-12562	114	13	(	(	PUNCT
cjfa-12562	114	14	żywiecka	żywiecka	NOUN
cjfa-12562	114	15	,	,	PUNCT
cjfa-12562	114	16	2014	2014	NUM
cjfa-12562	114	17	,	,	PUNCT
cjfa-12562	114	18	p.	p.	NOUN
cjfa-12562	114	19	155	155	NUM
cjfa-12562	114	20	)	)	PUNCT
cjfa-12562	114	21	.	.	PUNCT
cjfa-12562	115	1	radosław	radosław	PROPN
cjfa-12562	115	2	ciukaj66	ciukaj66	NOUN
cjfa-12562	115	3	the	the	DET
cjfa-12562	115	4	third	third	ADJ
cjfa-12562	115	5	method	method	NOUN
cjfa-12562	115	6	,	,	PUNCT
cjfa-12562	115	7	which	which	PRON
cjfa-12562	115	8	was	be	AUX
cjfa-12562	115	9	used	use	VERB
cjfa-12562	115	10	by	by	ADP
cjfa-12562	115	11	ecb	ecb	PROPN
cjfa-12562	115	12	as	as	ADP
cjfa-12562	115	13	the	the	DET
cjfa-12562	115	14	answer	answer	NOUN
cjfa-12562	115	15	for	for	ADP
cjfa-12562	115	16	turmoil	turmoil	NOUN
cjfa-12562	115	17	in	in	ADP
cjfa-12562	115	18	financial	financial	ADJ
cjfa-12562	115	19	market	market	NOUN
cjfa-12562	115	20	,	,	PUNCT
cjfa-12562	115	21	was	be	AUX
cjfa-12562	115	22	provision	provision	NOUN
cjfa-12562	115	23	of	of	ADP
cjfa-12562	115	24	liquidity	liquidity	NOUN
cjfa-12562	115	25	in	in	ADP
cjfa-12562	115	26	foreign	foreign	ADJ
cjfa-12562	115	27	currencies	currency	NOUN
cjfa-12562	115	28	to	to	ADP
cjfa-12562	115	29	banks	bank	NOUN
cjfa-12562	115	30	.	.	PUNCT
cjfa-12562	116	1	reduced	reduce	VERB
cjfa-12562	116	2	availability	availability	NOUN
cjfa-12562	116	3	of	of	ADP
cjfa-12562	116	4	unsecured	unsecured	ADJ
cjfa-12562	116	5	loans	loan	NOUN
cjfa-12562	116	6	has	have	AUX
cjfa-12562	116	7	forced	force	VERB
cjfa-12562	116	8	from	from	ADP
cjfa-12562	116	9	banks	bank	NOUN
cjfa-12562	116	10	to	to	PART
cjfa-12562	116	11	use	use	VERB
cjfa-12562	116	12	secured	secured	ADJ
cjfa-12562	116	13	financing	financing	NOUN
cjfa-12562	116	14	,	,	PUNCT
cjfa-12562	116	15	among	among	ADP
cjfa-12562	116	16	others	other	NOUN
cjfa-12562	116	17	in	in	ADP
cjfa-12562	116	18	the	the	DET
cjfa-12562	116	19	form	form	NOUN
cjfa-12562	116	20	of	of	ADP
cjfa-12562	116	21	currency	currency	NOUN
cjfa-12562	116	22	swaps	swap	NOUN
cjfa-12562	116	23	.	.	PUNCT
cjfa-12562	117	1	however	however	ADV
cjfa-12562	117	2	,	,	PUNCT
cjfa-12562	117	3	the	the	DET
cjfa-12562	117	4	acquisition	acquisition	NOUN
cjfa-12562	117	5	of	of	ADP
cjfa-12562	117	6	other	other	ADJ
cjfa-12562	117	7	currencies	currency	NOUN
cjfa-12562	117	8	(	(	PUNCT
cjfa-12562	117	9	especially	especially	ADV
cjfa-12562	117	10	dollars	dollar	NOUN
cjfa-12562	117	11	)	)	PUNCT
cjfa-12562	117	12	also	also	ADV
cjfa-12562	117	13	became	become	VERB
cjfa-12562	117	14	difficult	difficult	ADJ
cjfa-12562	117	15	.	.	PUNCT
cjfa-12562	118	1	ecb	ecb	NOUN
cjfa-12562	118	2	reacted	react	VERB
cjfa-12562	118	3	quickly	quickly	ADV
cjfa-12562	118	4	to	to	ADP
cjfa-12562	118	5	this	this	DET
cjfa-12562	118	6	situation	situation	NOUN
cjfa-12562	118	7	and	and	CCONJ
cjfa-12562	118	8	concluded	conclude	VERB
cjfa-12562	118	9	swap	swap	NOUN
cjfa-12562	118	10	line	line	NOUN
cjfa-12562	118	11	with	with	ADP
cjfa-12562	118	12	federal	federal	ADJ
cjfa-12562	118	13	reserve	reserve	NOUN
cjfa-12562	118	14	system	system	NOUN
cjfa-12562	118	15	in	in	ADP
cjfa-12562	118	16	2007	2007	NUM
cjfa-12562	118	17	.	.	PUNCT
cjfa-12562	119	1	thanks	thank	NOUN
cjfa-12562	119	2	to	to	ADP
cjfa-12562	119	3	this	this	DET
cjfa-12562	119	4	action	action	NOUN
cjfa-12562	119	5	commercial	commercial	ADJ
cjfa-12562	119	6	bank	bank	NOUN
cjfa-12562	119	7	were	be	AUX
cjfa-12562	119	8	supplied	supply	VERB
cjfa-12562	119	9	with	with	ADP
cjfa-12562	119	10	dollar	dollar	NOUN
cjfa-12562	119	11	funding	funding	NOUN
cjfa-12562	119	12	(	(	PUNCT
cjfa-12562	119	13	żywiecka	żywiecka	NOUN
cjfa-12562	119	14	,	,	PUNCT
cjfa-12562	119	15	2014	2014	NUM
cjfa-12562	119	16	,	,	PUNCT
cjfa-12562	119	17	p.	p.	NOUN
cjfa-12562	119	18	154	154	NUM
cjfa-12562	119	19	)	)	PUNCT
cjfa-12562	119	20	.	.	PUNCT
cjfa-12562	120	1	later	later	ADV
cjfa-12562	120	2	,	,	PUNCT
cjfa-12562	120	3	ecb	ecb	PROPN
cjfa-12562	120	4	also	also	ADV
cjfa-12562	120	5	concluded	conclude	VERB
cjfa-12562	120	6	swap	swap	NOUN
cjfa-12562	120	7	lines	line	NOUN
cjfa-12562	120	8	with	with	ADP
cjfa-12562	120	9	other	other	ADJ
cjfa-12562	120	10	central	central	ADJ
cjfa-12562	120	11	banks	bank	NOUN
cjfa-12562	120	12	(	(	PUNCT
cjfa-12562	120	13	for	for	ADP
cjfa-12562	120	14	example	example	NOUN
cjfa-12562	120	15	wit	wit	PROPN
cjfa-12562	120	16	central	central	PROPN
cjfa-12562	120	17	bank	bank	PROPN
cjfa-12562	120	18	of	of	ADP
cjfa-12562	120	19	:	:	PUNCT
cjfa-12562	120	20	denmark	denmark	PROPN
cjfa-12562	120	21	,	,	PUNCT
cjfa-12562	120	22	latvia	latvia	PROPN
cjfa-12562	120	23	,	,	PUNCT
cjfa-12562	120	24	hungary	hungary	PROPN
cjfa-12562	120	25	,	,	PUNCT
cjfa-12562	120	26	poland	poland	PROPN
cjfa-12562	120	27	and	and	CCONJ
cjfa-12562	120	28	sweden	sweden	PROPN
cjfa-12562	120	29	)	)	PUNCT
cjfa-12562	120	30	,	,	PUNCT
cjfa-12562	120	31	giving	give	VERB
cjfa-12562	120	32	to	to	ADP
cjfa-12562	120	33	those	those	DET
cjfa-12562	120	34	countries	country	NOUN
cjfa-12562	120	35	access	access	NOUN
cjfa-12562	120	36	to	to	ADP
cjfa-12562	120	37	liquidity	liquidity	NOUN
cjfa-12562	120	38	in	in	ADP
cjfa-12562	120	39	euro	euro	NOUN
cjfa-12562	120	40	.	.	PUNCT
cjfa-12562	121	1	activities	activity	NOUN
cjfa-12562	121	2	associated	associate	VERB
cjfa-12562	121	3	with	with	ADP
cjfa-12562	121	4	quantitative	quantitative	ADJ
cjfa-12562	121	5	easing	easing	NOUN
cjfa-12562	121	6	were	be	AUX
cjfa-12562	121	7	important	important	ADJ
cjfa-12562	121	8	tools	tool	NOUN
cjfa-12562	121	9	,	,	PUNCT
cjfa-12562	121	10	used	use	VERB
cjfa-12562	121	11	by	by	ADP
cjfa-12562	121	12	european	european	PROPN
cjfa-12562	121	13	central	central	PROPN
cjfa-12562	121	14	bank	bank	PROPN
cjfa-12562	121	15	as	as	ADP
cjfa-12562	121	16	solution	solution	NOUN
cjfa-12562	121	17	for	for	ADP
cjfa-12562	121	18	crisis	crisis	NOUN
cjfa-12562	121	19	turmoil	turmoil	NOUN
cjfa-12562	121	20	.	.	PUNCT
cjfa-12562	122	1	an	an	DET
cjfa-12562	122	2	example	example	NOUN
cjfa-12562	122	3	of	of	ADP
cjfa-12562	122	4	this	this	DET
cjfa-12562	122	5	type	type	NOUN
cjfa-12562	122	6	of	of	ADP
cjfa-12562	122	7	action	action	NOUN
cjfa-12562	122	8	was	be	AUX
cjfa-12562	122	9	announced	announce	VERB
cjfa-12562	122	10	on	on	ADP
cjfa-12562	122	11	7	7	NUM
cjfa-12562	122	12	.	.	PUNCT
cjfa-12562	123	1	may	may	AUX
cjfa-12562	123	2	,	,	PUNCT
cjfa-12562	123	3	2009	2009	NUM
cjfa-12562	123	4	–	–	PUNCT
cjfa-12562	123	5	covered	cover	VERB
cjfa-12562	123	6	bond	bond	NOUN
cjfa-12562	123	7	purchase	purchase	NOUN
cjfa-12562	123	8	programme	programme	NOUN
cjfa-12562	123	9	(	(	PUNCT
cjfa-12562	123	10	cbpp	cbpp	NOUN
cjfa-12562	123	11	)	)	PUNCT
cjfa-12562	123	12	.	.	PUNCT
cjfa-12562	124	1	the	the	DET
cjfa-12562	124	2	program	program	NOUN
cjfa-12562	124	3	was	be	AUX
cjfa-12562	124	4	carried	carry	VERB
cjfa-12562	124	5	out	out	ADP
cjfa-12562	124	6	in	in	ADP
cjfa-12562	124	7	three	three	NUM
cjfa-12562	124	8	stages	stage	NOUN
cjfa-12562	124	9	:	:	PUNCT
cjfa-12562	124	10	between	between	ADP
cjfa-12562	124	11	july	july	PROPN
cjfa-12562	124	12	2009	2009	NUM
cjfa-12562	124	13	and	and	CCONJ
cjfa-12562	124	14	june	june	PROPN
cjfa-12562	124	15	2010	2010	NUM
cjfa-12562	124	16	(	(	PUNCT
cjfa-12562	124	17	cbpp1	cbpp1	PROPN
cjfa-12562	124	18	)	)	PUNCT
cjfa-12562	124	19	,	,	PUNCT
cjfa-12562	124	20	second	second	ADV
cjfa-12562	124	21	between	between	ADP
cjfa-12562	124	22	november	november	PROPN
cjfa-12562	124	23	2011	2011	NUM
cjfa-12562	124	24	and	and	CCONJ
cjfa-12562	124	25	october	october	PROPN
cjfa-12562	124	26	2012	2012	NUM
cjfa-12562	124	27	(	(	PUNCT
cjfa-12562	124	28	cbpp2	cbpp2	NOUN
cjfa-12562	124	29	)	)	PUNCT
cjfa-12562	124	30	and	and	CCONJ
cjfa-12562	124	31	third	third	ADV
cjfa-12562	124	32	since	since	SCONJ
cjfa-12562	124	33	october	october	PROPN
cjfa-12562	124	34	2014	2014	NUM
cjfa-12562	124	35	(	(	PUNCT
cjfa-12562	124	36	palace	palace	PROPN
cjfa-12562	124	37	du	du	PROPN
cjfa-12562	124	38	luxembourg	luxembourg	PROPN
cjfa-12562	124	39	,	,	PUNCT
cjfa-12562	124	40	2012a	2012a	NUM
cjfa-12562	124	41	)	)	PUNCT
cjfa-12562	124	42	.	.	PUNCT
cjfa-12562	125	1	european	european	PROPN
cjfa-12562	125	2	central	central	PROPN
cjfa-12562	125	3	bank	bank	PROPN
cjfa-12562	125	4	pledged	pledge	VERB
cjfa-12562	125	5	the	the	DET
cjfa-12562	125	6	purchase	purchase	NOUN
cjfa-12562	125	7	of	of	ADP
cjfa-12562	125	8	covered	covered	ADJ
cjfa-12562	125	9	bonds	bond	NOUN
cjfa-12562	125	10	,	,	PUNCT
cjfa-12562	125	11	which	which	PRON
cjfa-12562	125	12	were	be	AUX
cjfa-12562	125	13	issued	issue	VERB
cjfa-12562	125	14	in	in	ADP
cjfa-12562	125	15	the	the	DET
cjfa-12562	125	16	euro	euro	PROPN
cjfa-12562	125	17	area	area	NOUN
cjfa-12562	125	18	.	.	PUNCT
cjfa-12562	126	1	in	in	ADP
cjfa-12562	126	2	the	the	DET
cjfa-12562	126	3	first	first	ADJ
cjfa-12562	126	4	edition	edition	NOUN
cjfa-12562	126	5	,	,	PUNCT
cjfa-12562	126	6	it	it	PRON
cjfa-12562	126	7	was	be	AUX
cjfa-12562	126	8	allocated	allocate	VERB
cjfa-12562	126	9	60	60	NUM
cjfa-12562	126	10	billion	billion	NUM
cjfa-12562	126	11	euro	euro	NOUN
cjfa-12562	126	12	for	for	ADP
cjfa-12562	126	13	this	this	DET
cjfa-12562	126	14	purpose	purpose	NOUN
cjfa-12562	126	15	,	,	PUNCT
cjfa-12562	126	16	while	while	SCONJ
cjfa-12562	126	17	the	the	DET
cjfa-12562	126	18	requirement	requirement	NOUN
cjfa-12562	126	19	of	of	ADP
cjfa-12562	126	20	issue	issue	NOUN
cjfa-12562	126	21	amount	amount	NOUN
cjfa-12562	126	22	was	be	AUX
cjfa-12562	126	23	500	500	NUM
cjfa-12562	126	24	million	million	NUM
cjfa-12562	126	25	euro	euro	NOUN
cjfa-12562	126	26	.	.	PUNCT
cjfa-12562	127	1	bonds	bond	NOUN
cjfa-12562	127	2	had	have	VERB
cjfa-12562	127	3	to	to	PART
cjfa-12562	127	4	have	have	AUX
cjfa-12562	127	5	ranking	rank	VERB
cjfa-12562	127	6	at	at	ADP
cjfa-12562	127	7	minimum	minimum	NOUN
cjfa-12562	127	8	aa	aa	NOUN
cjfa-12562	127	9	level	level	NOUN
cjfa-12562	127	10	and	and	CCONJ
cjfa-12562	127	11	maturity	maturity	NOUN
cjfa-12562	127	12	date	date	NOUN
cjfa-12562	127	13	should	should	AUX
cjfa-12562	127	14	have	have	AUX
cjfa-12562	127	15	been	be	AUX
cjfa-12562	127	16	between	between	ADP
cjfa-12562	127	17	3	3	NUM
cjfa-12562	127	18	and	and	CCONJ
cjfa-12562	127	19	10	10	NUM
cjfa-12562	127	20	years	year	NOUN
cjfa-12562	127	21	(	(	PUNCT
cjfa-12562	127	22	żywiecka	żywiecka	NOUN
cjfa-12562	127	23	,	,	PUNCT
cjfa-12562	127	24	2014	2014	NUM
cjfa-12562	127	25	,	,	PUNCT
cjfa-12562	127	26	p.	p.	NOUN
cjfa-12562	127	27	162	162	NUM
cjfa-12562	127	28	)	)	PUNCT
cjfa-12562	127	29	.	.	PUNCT
cjfa-12562	128	1	in	in	ADP
cjfa-12562	128	2	the	the	DET
cjfa-12562	128	3	second	second	ADJ
cjfa-12562	128	4	edition	edition	NOUN
cjfa-12562	128	5	,	,	PUNCT
cjfa-12562	128	6	it	it	PRON
cjfa-12562	128	7	was	be	AUX
cjfa-12562	128	8	allocated	allocate	VERB
cjfa-12562	128	9	40	40	NUM
cjfa-12562	128	10	billion	billion	NUM
cjfa-12562	128	11	euro	euro	NOUN
cjfa-12562	128	12	for	for	ADP
cjfa-12562	128	13	this	this	DET
cjfa-12562	128	14	purpose	purpose	NOUN
cjfa-12562	128	15	and	and	CCONJ
cjfa-12562	128	16	the	the	DET
cjfa-12562	128	17	minimum	minimum	NOUN
cjfa-12562	128	18	amount	amount	NOUN
cjfa-12562	128	19	of	of	ADP
cjfa-12562	128	20	issue	issue	NOUN
cjfa-12562	128	21	was	be	AUX
cjfa-12562	128	22	300	300	NUM
cjfa-12562	128	23	million	million	NUM
cjfa-12562	128	24	euro	euro	NOUN
cjfa-12562	128	25	,	,	PUNCT
cjfa-12562	128	26	while	while	SCONJ
cjfa-12562	128	27	maturity	maturity	NOUN
cjfa-12562	128	28	date	date	NOUN
cjfa-12562	128	29	was	be	AUX
cjfa-12562	128	30	changed	change	VERB
cjfa-12562	128	31	for	for	ADP
cjfa-12562	128	32	10,5	10,5	NUM
cjfa-12562	128	33	years	year	NOUN
cjfa-12562	128	34	.	.	PUNCT
cjfa-12562	129	1	rating	rating	NOUN
cjfa-12562	129	2	assigned	assign	VERB
cjfa-12562	129	3	to	to	ADP
cjfa-12562	129	4	assets	asset	NOUN
cjfa-12562	129	5	was	be	AUX
cjfa-12562	129	6	downgraded	downgrade	VERB
cjfa-12562	129	7	to	to	PART
cjfa-12562	129	8	bbblevel	bbblevel	VERB
cjfa-12562	129	9	(	(	PUNCT
cjfa-12562	129	10	ecb	ecb	NOUN
cjfa-12562	129	11	,	,	PUNCT
cjfa-12562	129	12	2011b	2011b	NUM
cjfa-12562	129	13	)	)	PUNCT
cjfa-12562	129	14	.	.	PUNCT
cjfa-12562	130	1	in	in	ADP
cjfa-12562	130	2	2014	2014	NUM
cjfa-12562	130	3	,	,	PUNCT
cjfa-12562	130	4	ecb	ecb	PROPN
cjfa-12562	130	5	announced	announce	VERB
cjfa-12562	130	6	third	third	ADJ
cjfa-12562	130	7	edition	edition	NOUN
cjfa-12562	130	8	of	of	ADP
cjfa-12562	130	9	cbpp	cbpp	PROPN
cjfa-12562	130	10	program	program	NOUN
cjfa-12562	130	11	,	,	PUNCT
cjfa-12562	130	12	but	but	CCONJ
cjfa-12562	130	13	a	a	DET
cjfa-12562	130	14	lot	lot	NOUN
cjfa-12562	130	15	of	of	ADP
cjfa-12562	130	16	characteristics	characteristic	NOUN
cjfa-12562	130	17	were	be	AUX
cjfa-12562	130	18	modified	modify	VERB
cjfa-12562	130	19	.	.	PUNCT
cjfa-12562	131	1	this	this	DET
cjfa-12562	131	2	time	time	NOUN
cjfa-12562	131	3	the	the	DET
cjfa-12562	131	4	program	program	NOUN
cjfa-12562	131	5	did	do	AUX
cjfa-12562	131	6	not	not	PART
cjfa-12562	131	7	have	have	VERB
cjfa-12562	131	8	specific	specific	ADJ
cjfa-12562	131	9	ending	ending	NOUN
cjfa-12562	131	10	date	date	NOUN
cjfa-12562	131	11	(	(	PUNCT
cjfa-12562	131	12	expected	expect	VERB
cjfa-12562	131	13	period	period	NOUN
cjfa-12562	131	14	is	be	AUX
cjfa-12562	131	15	two	two	NUM
cjfa-12562	131	16	years	year	NOUN
cjfa-12562	131	17	)	)	PUNCT
cjfa-12562	131	18	,	,	PUNCT
cjfa-12562	131	19	maturity	maturity	NOUN
cjfa-12562	131	20	date	date	NOUN
cjfa-12562	131	21	,	,	PUNCT
cjfa-12562	131	22	minimum	minimum	ADJ
cjfa-12562	131	23	issue	issue	NOUN
cjfa-12562	131	24	amount	amount	NOUN
cjfa-12562	131	25	and	and	CCONJ
cjfa-12562	131	26	size	size	NOUN
cjfa-12562	131	27	of	of	ADP
cjfa-12562	131	28	planned	plan	VERB
cjfa-12562	131	29	purchase	purchase	NOUN
cjfa-12562	131	30	amount	amount	NOUN
cjfa-12562	131	31	.	.	PUNCT
cjfa-12562	132	1	minimum	minimum	ADJ
cjfa-12562	132	2	rating	rating	NOUN
cjfa-12562	132	3	was	be	AUX
cjfa-12562	132	4	set	set	VERB
cjfa-12562	132	5	at	at	ADP
cjfa-12562	132	6	bbblevel	bbblevel	NOUN
cjfa-12562	132	7	(	(	PUNCT
cjfa-12562	132	8	ecb	ecb	NOUN
cjfa-12562	132	9	,	,	PUNCT
cjfa-12562	132	10	2014	2014	NUM
cjfa-12562	132	11	)	)	PUNCT
cjfa-12562	132	12	.	.	PUNCT
cjfa-12562	133	1	details	detail	NOUN
cjfa-12562	133	2	and	and	CCONJ
cjfa-12562	133	3	comparison	comparison	NOUN
cjfa-12562	133	4	of	of	ADP
cjfa-12562	133	5	cbpp	cbpp	ADJ
cjfa-12562	133	6	programs	program	NOUN
cjfa-12562	133	7	are	be	AUX
cjfa-12562	133	8	presented	present	VERB
cjfa-12562	133	9	in	in	ADP
cjfa-12562	133	10	table	table	NOUN
cjfa-12562	133	11	3	3	NUM
cjfa-12562	133	12	.	.	PUNCT
cjfa-12562	133	13	table	table	NOUN
cjfa-12562	133	14	3	3	NUM
cjfa-12562	133	15	.	.	PUNCT
cjfa-12562	133	16	covered	cover	VERB
cjfa-12562	133	17	bond	bond	NOUN
cjfa-12562	133	18	purchase	purchase	NOUN
cjfa-12562	133	19	programs	program	NOUN
cjfa-12562	133	20	stage	stage	NOUN
cjfa-12562	133	21	of	of	ADP
cjfa-12562	133	22	program	program	NOUN
cjfa-12562	133	23	cbpp1	cbpp1	PROPN
cjfa-12562	133	24	cbpp2	cbpp2	PROPN
cjfa-12562	133	25	cbpp3	cbpp3	PROPN
cjfa-12562	133	26	start	start	VERB
cjfa-12562	133	27	date	date	NOUN
cjfa-12562	133	28	july	july	PROPN
cjfa-12562	133	29	2009	2009	NUM
cjfa-12562	133	30	november	november	PROPN
cjfa-12562	133	31	2011	2011	NUM
cjfa-12562	133	32	october	october	PROPN
cjfa-12562	133	33	2014	2014	NUM
cjfa-12562	133	34	end	end	NOUN
cjfa-12562	133	35	date	date	NOUN
cjfa-12562	133	36	june	june	PROPN
cjfa-12562	133	37	2010	2010	NUM
cjfa-12562	133	38	october	october	PROPN
cjfa-12562	133	39	2012	2012	NUM
cjfa-12562	133	40	–	–	PUNCT
cjfa-12562	133	41	duration	duration	NOUN
cjfa-12562	133	42	12	12	NUM
cjfa-12562	133	43	months	month	NOUN
cjfa-12562	133	44	12	12	NUM
cjfa-12562	133	45	months	month	NOUN
cjfa-12562	133	46	minimum	minimum	ADJ
cjfa-12562	133	47	2	2	NUM
cjfa-12562	133	48	years	year	NOUN
cjfa-12562	133	49	managing	manage	VERB
cjfa-12562	133	50	financial	financial	ADJ
cjfa-12562	133	51	stability	stability	NOUN
cjfa-12562	133	52	by	by	ADP
cjfa-12562	133	53	the	the	DET
cjfa-12562	133	54	european	european	PROPN
cjfa-12562	133	55	central	central	PROPN
cjfa-12562	133	56	bank	bank	PROPN
cjfa-12562	133	57	…	…	PUNCT
cjfa-12562	133	58	67	67	NUM
cjfa-12562	133	59	stage	stage	NOUN
cjfa-12562	133	60	of	of	ADP
cjfa-12562	133	61	program	program	NOUN
cjfa-12562	133	62	cbpp1	cbpp1	PROPN
cjfa-12562	134	1	cbpp2	cbpp2	PROPN
cjfa-12562	134	2	cbpp3	cbpp3	NOUN
cjfa-12562	134	3	maturity	maturity	NOUN
cjfa-12562	134	4	of	of	ADP
cjfa-12562	134	5	bonds	bond	NOUN
cjfa-12562	134	6	3–10	3–10	NOUN
cjfa-12562	134	7	years	year	NOUN
cjfa-12562	134	8	<	<	X
cjfa-12562	134	9	=	=	NOUN
cjfa-12562	134	10	10,5	10,5	NUM
cjfa-12562	134	11	years	year	NOUN
cjfa-12562	134	12	no	no	DET
cjfa-12562	134	13	limit	limit	NOUN
cjfa-12562	134	14	minimum	minimum	NOUN
cjfa-12562	134	15	rating	rating	NOUN
cjfa-12562	134	16	aa	aa	PROPN
cjfa-12562	134	17	bbbbbbminimum	bbbbbbminimum	NOUN
cjfa-12562	134	18	quantity	quantity	NOUN
cjfa-12562	134	19	of	of	ADP
cjfa-12562	134	20	emission	emission	NOUN
cjfa-12562	134	21	500	500	NUM
cjfa-12562	134	22	million	million	NUM
cjfa-12562	134	23	euro	euro	NOUN
cjfa-12562	134	24	300	300	NUM
cjfa-12562	134	25	million	million	NUM
cjfa-12562	134	26	euro	euro	NOUN
cjfa-12562	134	27	no	no	DET
cjfa-12562	134	28	limit	limit	NOUN
cjfa-12562	134	29	amount	amount	NOUN
cjfa-12562	134	30	of	of	ADP
cjfa-12562	134	31	purchase	purchase	NOUN
cjfa-12562	134	32	60	60	NUM
cjfa-12562	134	33	billion	billion	NUM
cjfa-12562	134	34	euro	euro	NOUN
cjfa-12562	134	35	40	40	NUM
cjfa-12562	134	36	billion	billion	NUM
cjfa-12562	134	37	euro	euro	NOUN
cjfa-12562	134	38	no	no	DET
cjfa-12562	134	39	limit	limit	NOUN
cjfa-12562	134	40	s	s	PART
cjfa-12562	134	41	o	o	NOUN
cjfa-12562	134	42	u	u	NOUN
cjfa-12562	134	43	r	r	NOUN
cjfa-12562	134	44	c	c	NOUN
cjfa-12562	134	45	e	e	NOUN
cjfa-12562	134	46	:	:	PUNCT
cjfa-12562	134	47	based	base	VERB
cjfa-12562	134	48	on	on	ADP
cjfa-12562	134	49	:	:	PUNCT
cjfa-12562	134	50	żywiecka	żywiecka	NOUN
cjfa-12562	134	51	,	,	PUNCT
cjfa-12562	134	52	2014	2014	NUM
cjfa-12562	134	53	,	,	PUNCT
cjfa-12562	134	54	p.	p.	NOUN
cjfa-12562	134	55	162	162	NUM
cjfa-12562	134	56	,	,	PUNCT
cjfa-12562	134	57	167	167	NUM
cjfa-12562	134	58	.	.	PUNCT
cjfa-12562	135	1	market	market	NOUN
cjfa-12562	135	2	segment	segment	NOUN
cjfa-12562	135	3	of	of	ADP
cjfa-12562	135	4	covered	covered	ADJ
cjfa-12562	135	5	bonds	bond	NOUN
cjfa-12562	135	6	is	be	AUX
cjfa-12562	135	7	valuable	valuable	ADJ
cjfa-12562	135	8	source	source	NOUN
cjfa-12562	135	9	of	of	ADP
cjfa-12562	135	10	long	long	ADJ
cjfa-12562	135	11	-	-	PUNCT
cjfa-12562	135	12	term	term	NOUN
cjfa-12562	135	13	capital	capital	NOUN
cjfa-12562	135	14	for	for	ADP
cjfa-12562	135	15	banks	bank	NOUN
cjfa-12562	135	16	,	,	PUNCT
cjfa-12562	135	17	which	which	PRON
cjfa-12562	135	18	is	be	AUX
cjfa-12562	135	19	used	use	VERB
cjfa-12562	135	20	to	to	PART
cjfa-12562	135	21	finance	finance	VERB
cjfa-12562	135	22	fixed	fix	VERB
cjfa-12562	135	23	rate	rate	NOUN
cjfa-12562	135	24	mortgages	mortgage	NOUN
cjfa-12562	135	25	.	.	PUNCT
cjfa-12562	136	1	therefore	therefore	ADV
cjfa-12562	136	2	,	,	PUNCT
cjfa-12562	136	3	ecb	ecb	NOUN
cjfa-12562	136	4	’s	’s	PART
cjfa-12562	136	5	decision	decision	NOUN
cjfa-12562	136	6	to	to	PART
cjfa-12562	136	7	buy	buy	VERB
cjfa-12562	136	8	bonds	bond	NOUN
cjfa-12562	136	9	was	be	AUX
cjfa-12562	136	10	dictated	dictate	VERB
cjfa-12562	136	11	by	by	ADP
cjfa-12562	136	12	a	a	DET
cjfa-12562	136	13	great	great	ADJ
cjfa-12562	136	14	need	need	NOUN
cjfa-12562	136	15	to	to	PART
cjfa-12562	136	16	provide	provide	VERB
cjfa-12562	136	17	liquidity	liquidity	NOUN
cjfa-12562	136	18	to	to	ADP
cjfa-12562	136	19	commercial	commercial	ADJ
cjfa-12562	136	20	banks	bank	NOUN
cjfa-12562	136	21	in	in	ADP
cjfa-12562	136	22	euro	euro	PROPN
cjfa-12562	136	23	area	area	NOUN
cjfa-12562	136	24	(	(	PUNCT
cjfa-12562	136	25	żywiecka	żywiecka	NOUN
cjfa-12562	136	26	,	,	PUNCT
cjfa-12562	136	27	2014	2014	NUM
cjfa-12562	136	28	,	,	PUNCT
cjfa-12562	136	29	p.	p.	NOUN
cjfa-12562	136	30	161	161	NUM
cjfa-12562	136	31	)	)	PUNCT
cjfa-12562	136	32	.	.	PUNCT
cjfa-12562	137	1	stabilizing	stabilize	VERB
cjfa-12562	137	2	actions	action	NOUN
cjfa-12562	137	3	of	of	ADP
cjfa-12562	137	4	the	the	DET
cjfa-12562	137	5	european	european	PROPN
cjfa-12562	137	6	central	central	PROPN
cjfa-12562	137	7	bank	bank	PROPN
cjfa-12562	137	8	during	during	ADP
cjfa-12562	137	9	the	the	DET
cjfa-12562	137	10	second	second	ADJ
cjfa-12562	137	11	phase	phase	NOUN
cjfa-12562	137	12	of	of	ADP
cjfa-12562	137	13	the	the	DET
cjfa-12562	137	14	financial	financial	ADJ
cjfa-12562	137	15	crisis	crisis	NOUN
cjfa-12562	137	16	the	the	DET
cjfa-12562	137	17	next	next	ADJ
cjfa-12562	137	18	phase	phase	NOUN
cjfa-12562	137	19	of	of	ADP
cjfa-12562	137	20	the	the	DET
cjfa-12562	137	21	crisis	crisis	NOUN
cjfa-12562	137	22	was	be	AUX
cjfa-12562	137	23	associated	associate	VERB
cjfa-12562	137	24	with	with	ADP
cjfa-12562	137	25	alarming	alarming	ADJ
cjfa-12562	137	26	fiscal	fiscal	ADJ
cjfa-12562	137	27	situation	situation	NOUN
cjfa-12562	137	28	and	and	CCONJ
cjfa-12562	137	29	worse	bad	ADJ
cjfa-12562	137	30	ratings	rating	NOUN
cjfa-12562	137	31	of	of	ADP
cjfa-12562	137	32	some	some	DET
cjfa-12562	137	33	countries	country	NOUN
cjfa-12562	137	34	from	from	ADP
cjfa-12562	137	35	euro	euro	PROPN
cjfa-12562	137	36	area	area	NOUN
cjfa-12562	137	37	.	.	PUNCT
cjfa-12562	138	1	this	this	DET
cjfa-12562	138	2	situation	situation	NOUN
cjfa-12562	138	3	was	be	AUX
cjfa-12562	138	4	caused	cause	VERB
cjfa-12562	138	5	by	by	ADP
cjfa-12562	138	6	:	:	PUNCT
cjfa-12562	138	7	high	high	ADJ
cjfa-12562	138	8	public	public	ADJ
cjfa-12562	138	9	costs	cost	NOUN
cjfa-12562	138	10	(	(	PUNCT
cjfa-12562	138	11	incurred	incur	VERB
cjfa-12562	138	12	in	in	ADP
cjfa-12562	138	13	order	order	NOUN
cjfa-12562	138	14	to	to	PART
cjfa-12562	138	15	rescue	rescue	VERB
cjfa-12562	138	16	financial	financial	ADJ
cjfa-12562	138	17	institutions	institution	NOUN
cjfa-12562	138	18	)	)	PUNCT
cjfa-12562	138	19	,	,	PUNCT
cjfa-12562	138	20	structural	structural	ADJ
cjfa-12562	138	21	differences	difference	NOUN
cjfa-12562	138	22	between	between	ADP
cjfa-12562	138	23	countries	country	NOUN
cjfa-12562	138	24	the	the	DET
cjfa-12562	138	25	north	north	NOUN
cjfa-12562	138	26	and	and	CCONJ
cjfa-12562	138	27	the	the	DET
cjfa-12562	138	28	south	south	NOUN
cjfa-12562	138	29	of	of	ADP
cjfa-12562	138	30	europe	europe	PROPN
cjfa-12562	138	31	and	and	CCONJ
cjfa-12562	138	32	growth	growth	NOUN
cjfa-12562	138	33	in	in	ADP
cjfa-12562	138	34	unfavorable	unfavorable	ADJ
cjfa-12562	138	35	relation	relation	NOUN
cjfa-12562	138	36	of	of	ADP
cjfa-12562	138	37	public	public	ADJ
cjfa-12562	138	38	debt	debt	NOUN
cjfa-12562	138	39	to	to	ADP
cjfa-12562	138	40	gdp	gdp	NOUN
cjfa-12562	138	41	of	of	ADP
cjfa-12562	138	42	some	some	DET
cjfa-12562	138	43	countries	country	NOUN
cjfa-12562	138	44	.	.	PUNCT
cjfa-12562	139	1	this	this	PRON
cjfa-12562	139	2	was	be	AUX
cjfa-12562	139	3	reflected	reflect	VERB
cjfa-12562	139	4	in	in	ADP
cjfa-12562	139	5	large	large	ADJ
cjfa-12562	139	6	difference	difference	NOUN
cjfa-12562	139	7	between	between	ADP
cjfa-12562	139	8	interest	interest	NOUN
cjfa-12562	139	9	rated	rate	VERB
cjfa-12562	139	10	on	on	ADP
cjfa-12562	139	11	treasury	treasury	PROPN
cjfa-12562	139	12	bonds	bond	NOUN
cjfa-12562	139	13	od	od	ADP
cjfa-12562	139	14	such	such	ADJ
cjfa-12562	139	15	countries	country	NOUN
cjfa-12562	139	16	as	as	ADP
cjfa-12562	139	17	greece	greece	PROPN
cjfa-12562	139	18	,	,	PUNCT
cjfa-12562	139	19	italy	italy	PROPN
cjfa-12562	139	20	and	and	CCONJ
cjfa-12562	139	21	spain	spain	PROPN
cjfa-12562	139	22	,	,	PUNCT
cjfa-12562	139	23	which	which	PRON
cjfa-12562	139	24	stood	stand	VERB
cjfa-12562	139	25	on	on	ADP
cjfa-12562	139	26	the	the	DET
cjfa-12562	139	27	edge	edge	NOUN
cjfa-12562	139	28	of	of	ADP
cjfa-12562	139	29	bankruptcy	bankruptcy	NOUN
cjfa-12562	139	30	and	and	CCONJ
cjfa-12562	139	31	german	german	ADJ
cjfa-12562	139	32	interest	interest	NOUN
cjfa-12562	139	33	rates	rate	NOUN
cjfa-12562	139	34	of	of	ADP
cjfa-12562	139	35	government	government	NOUN
cjfa-12562	139	36	bonds	bond	NOUN
cjfa-12562	139	37	.	.	PUNCT
cjfa-12562	140	1	help	help	NOUN
cjfa-12562	140	2	for	for	ADP
cjfa-12562	140	3	endangered	endangered	ADJ
cjfa-12562	140	4	countries	country	NOUN
cjfa-12562	140	5	was	be	AUX
cjfa-12562	140	6	assured	assure	VERB
cjfa-12562	140	7	by	by	ADP
cjfa-12562	140	8	european	european	PROPN
cjfa-12562	140	9	central	central	PROPN
cjfa-12562	140	10	bank	bank	PROPN
cjfa-12562	140	11	.	.	PUNCT
cjfa-12562	141	1	it	it	PRON
cjfa-12562	141	2	introduced	introduce	VERB
cjfa-12562	141	3	another	another	DET
cjfa-12562	141	4	unconventional	unconventional	ADJ
cjfa-12562	141	5	program	program	NOUN
cjfa-12562	141	6	–	–	PUNCT
cjfa-12562	141	7	securities	security	NOUN
cjfa-12562	141	8	market	market	NOUN
cjfa-12562	141	9	programme	programme	NOUN
cjfa-12562	141	10	(	(	PUNCT
cjfa-12562	141	11	smp	smp	NOUN
cjfa-12562	141	12	)	)	PUNCT
cjfa-12562	141	13	(	(	PUNCT
cjfa-12562	141	14	żywiecka	żywiecka	NOUN
cjfa-12562	141	15	,	,	PUNCT
cjfa-12562	141	16	2014	2014	NUM
cjfa-12562	141	17	,	,	PUNCT
cjfa-12562	141	18	p.	p.	NOUN
cjfa-12562	141	19	163	163	NUM
cjfa-12562	141	20	)	)	PUNCT
cjfa-12562	141	21	.	.	PUNCT
cjfa-12562	142	1	it	it	PRON
cjfa-12562	142	2	has	have	AUX
cjfa-12562	142	3	been	be	AUX
cjfa-12562	142	4	implemented	implement	VERB
cjfa-12562	142	5	in	in	ADP
cjfa-12562	142	6	may	may	PROPN
cjfa-12562	142	7	2010	2010	NUM
cjfa-12562	142	8	and	and	CCONJ
cjfa-12562	142	9	had	have	VERB
cjfa-12562	142	10	also	also	ADV
cjfa-12562	142	11	two	two	NUM
cjfa-12562	142	12	stages	stage	NOUN
cjfa-12562	142	13	:	:	PUNCT
cjfa-12562	142	14	between	between	ADP
cjfa-12562	142	15	may	may	PROPN
cjfa-12562	142	16	and	and	CCONJ
cjfa-12562	142	17	july	july	PROPN
cjfa-12562	142	18	2010	2010	NUM
cjfa-12562	142	19	and	and	CCONJ
cjfa-12562	142	20	between	between	ADP
cjfa-12562	142	21	august	august	PROPN
cjfa-12562	142	22	2011	2011	NUM
cjfa-12562	142	23	and	and	CCONJ
cjfa-12562	142	24	january	january	PROPN
cjfa-12562	142	25	2012	2012	NUM
cjfa-12562	142	26	.	.	PUNCT
cjfa-12562	143	1	european	european	PROPN
cjfa-12562	143	2	central	central	PROPN
cjfa-12562	143	3	bank	bank	PROPN
cjfa-12562	143	4	used	use	VERB
cjfa-12562	143	5	this	this	DET
cjfa-12562	143	6	program	program	NOUN
cjfa-12562	143	7	to	to	ADP
cjfa-12562	143	8	:	:	PUNCT
cjfa-12562	143	9	1	1	X
cjfa-12562	143	10	)	)	PUNCT
cjfa-12562	143	11	purchase	purchase	VERB
cjfa-12562	143	12	debt	debt	NOUN
cjfa-12562	143	13	securities	security	NOUN
cjfa-12562	143	14	,	,	PUNCT
cjfa-12562	143	15	issued	issue	VERB
cjfa-12562	143	16	by	by	ADP
cjfa-12562	143	17	government	government	NOUN
cjfa-12562	143	18	or	or	CCONJ
cjfa-12562	143	19	public	public	ADJ
cjfa-12562	143	20	entities	entity	NOUN
cjfa-12562	143	21	on	on	ADP
cjfa-12562	143	22	the	the	DET
cjfa-12562	143	23	secondary	secondary	ADJ
cjfa-12562	143	24	market	market	NOUN
cjfa-12562	143	25	,	,	PUNCT
cjfa-12562	143	26	2	2	X
cjfa-12562	143	27	)	)	PUNCT
cjfa-12562	143	28	purchase	purchase	NOUN
cjfa-12562	143	29	debt	debt	NOUN
cjfa-12562	143	30	securities	security	NOUN
cjfa-12562	143	31	,	,	PUNCT
cjfa-12562	143	32	issued	issue	VERB
cjfa-12562	143	33	by	by	ADP
cjfa-12562	143	34	private	private	ADJ
cjfa-12562	143	35	companied	companie	VERB
cjfa-12562	143	36	in	in	ADP
cjfa-12562	143	37	the	the	DET
cjfa-12562	143	38	primary	primary	NOUN
cjfa-12562	143	39	or	or	CCONJ
cjfa-12562	143	40	the	the	DET
cjfa-12562	143	41	secondary	secondary	ADJ
cjfa-12562	143	42	market	market	NOUN
cjfa-12562	143	43	(	(	PUNCT
cjfa-12562	143	44	palace	palace	NOUN
cjfa-12562	143	45	du	du	PROPN
cjfa-12562	143	46	luxembourg	luxembourg	PROPN
cjfa-12562	143	47	,	,	PUNCT
cjfa-12562	143	48	2012b	2012b	NUM
cjfa-12562	143	49	)	)	PUNCT
cjfa-12562	143	50	.	.	PUNCT
cjfa-12562	144	1	table	table	NOUN
cjfa-12562	144	2	3	3	NUM
cjfa-12562	144	3	.	.	PUNCT
cjfa-12562	144	4	covered	cover	VERB
cjfa-12562	144	5	bond	bond	NOUN
cjfa-12562	144	6	purchase	purchase	NOUN
cjfa-12562	144	7	programs	program	NOUN
cjfa-12562	144	8	radosław	radosław	PROPN
cjfa-12562	144	9	ciukaj68	ciukaj68	PROPN
cjfa-12562	144	10	ecb	ecb	PROPN
cjfa-12562	144	11	’s	’s	PART
cjfa-12562	144	12	main	main	ADJ
cjfa-12562	144	13	goal	goal	NOUN
cjfa-12562	144	14	of	of	ADP
cjfa-12562	144	15	this	this	DET
cjfa-12562	144	16	program	program	NOUN
cjfa-12562	144	17	was	be	AUX
cjfa-12562	144	18	to	to	PART
cjfa-12562	144	19	maintain	maintain	VERB
cjfa-12562	144	20	liquidity	liquidity	NOUN
cjfa-12562	144	21	in	in	ADP
cjfa-12562	144	22	the	the	DET
cjfa-12562	144	23	european	european	ADJ
cjfa-12562	144	24	debt	debt	NOUN
cjfa-12562	144	25	security	security	NOUN
cjfa-12562	144	26	market	market	NOUN
cjfa-12562	144	27	,	,	PUNCT
cjfa-12562	144	28	thus	thus	ADV
cjfa-12562	144	29	ensuring	ensure	VERB
cjfa-12562	144	30	appropriate	appropriate	ADJ
cjfa-12562	144	31	conditions	condition	NOUN
cjfa-12562	144	32	for	for	ADP
cjfa-12562	144	33	effective	effective	ADJ
cjfa-12562	144	34	monetary	monetary	ADJ
cjfa-12562	144	35	policy	policy	NOUN
cjfa-12562	144	36	(	(	PUNCT
cjfa-12562	144	37	żywiecka	żywiecka	NOUN
cjfa-12562	144	38	,	,	PUNCT
cjfa-12562	144	39	2014	2014	NUM
cjfa-12562	144	40	,	,	PUNCT
cjfa-12562	144	41	p.	p.	NOUN
cjfa-12562	144	42	166	166	NUM
cjfa-12562	144	43	)	)	PUNCT
cjfa-12562	144	44	.	.	PUNCT
cjfa-12562	145	1	long	long	ADJ
cjfa-12562	145	2	term	term	NOUN
cjfa-12562	145	3	refinancing	refinance	VERB
cjfa-12562	145	4	operations	operation	NOUN
cjfa-12562	145	5	(	(	PUNCT
cjfa-12562	145	6	ltro	ltro	PROPN
cjfa-12562	145	7	)	)	PUNCT
cjfa-12562	145	8	should	should	AUX
cjfa-12562	145	9	also	also	ADV
cjfa-12562	145	10	have	have	AUX
cjfa-12562	145	11	helped	help	VERB
cjfa-12562	145	12	in	in	ADP
cjfa-12562	145	13	strengthening	strengthen	VERB
cjfa-12562	145	14	the	the	DET
cjfa-12562	145	15	liquidity	liquidity	NOUN
cjfa-12562	145	16	position	position	NOUN
cjfa-12562	145	17	of	of	ADP
cjfa-12562	145	18	commercial	commercial	ADJ
cjfa-12562	145	19	banks	bank	NOUN
cjfa-12562	145	20	.	.	PUNCT
cjfa-12562	146	1	these	these	PRON
cjfa-12562	146	2	are	be	AUX
cjfa-12562	146	3	instruments	instrument	NOUN
cjfa-12562	146	4	,	,	PUNCT
cjfa-12562	146	5	whose	whose	DET
cjfa-12562	146	6	task	task	NOUN
cjfa-12562	146	7	is	be	AUX
cjfa-12562	146	8	to	to	PART
cjfa-12562	146	9	provide	provide	VERB
cjfa-12562	146	10	additional	additional	ADJ
cjfa-12562	146	11	funds	fund	NOUN
cjfa-12562	146	12	to	to	ADP
cjfa-12562	146	13	commercial	commercial	ADJ
cjfa-12562	146	14	banks	bank	NOUN
cjfa-12562	146	15	for	for	ADP
cjfa-12562	146	16	longer	long	ADJ
cjfa-12562	146	17	period	period	NOUN
cjfa-12562	146	18	than	than	ADP
cjfa-12562	146	19	in	in	ADP
cjfa-12562	146	20	the	the	DET
cjfa-12562	146	21	basic	basic	ADJ
cjfa-12562	146	22	open	open	ADJ
cjfa-12562	146	23	market	market	NOUN
cjfa-12562	146	24	operations	operation	NOUN
cjfa-12562	146	25	.	.	PUNCT
cjfa-12562	147	1	until	until	ADP
cjfa-12562	147	2	the	the	DET
cjfa-12562	147	3	outbreak	outbreak	NOUN
cjfa-12562	147	4	of	of	ADP
cjfa-12562	147	5	the	the	DET
cjfa-12562	147	6	crisis	crisis	NOUN
cjfa-12562	147	7	,	,	PUNCT
cjfa-12562	147	8	they	they	PRON
cjfa-12562	147	9	had	have	VERB
cjfa-12562	147	10	three	three	NUM
cjfa-12562	147	11	month	month	NOUN
cjfa-12562	147	12	maturity	maturity	NOUN
cjfa-12562	147	13	period	period	NOUN
cjfa-12562	147	14	,	,	PUNCT
cjfa-12562	147	15	later	later	ADV
cjfa-12562	147	16	it	it	PRON
cjfa-12562	147	17	was	be	AUX
cjfa-12562	147	18	extended	extend	VERB
cjfa-12562	147	19	to	to	ADP
cjfa-12562	147	20	six	six	NUM
cjfa-12562	147	21	months	month	NOUN
cjfa-12562	147	22	and	and	CCONJ
cjfa-12562	147	23	at	at	ADP
cjfa-12562	147	24	the	the	DET
cjfa-12562	147	25	end	end	NOUN
cjfa-12562	147	26	to	to	ADP
cjfa-12562	147	27	one	one	NUM
cjfa-12562	147	28	year	year	NOUN
cjfa-12562	147	29	maturity	maturity	NOUN
cjfa-12562	147	30	period	period	NOUN
cjfa-12562	147	31	.	.	PUNCT
cjfa-12562	148	1	in	in	ADP
cjfa-12562	148	2	2011	2011	NUM
cjfa-12562	148	3	,	,	PUNCT
cjfa-12562	148	4	a	a	DET
cjfa-12562	148	5	spectacular	spectacular	ADJ
cjfa-12562	148	6	step	step	NOUN
cjfa-12562	148	7	of	of	ADP
cjfa-12562	148	8	ecb	ecb	PROPN
cjfa-12562	148	9	was	be	AUX
cjfa-12562	148	10	the	the	DET
cjfa-12562	148	11	announcement	announcement	NOUN
cjfa-12562	148	12	the	the	DET
cjfa-12562	148	13	longest	long	ADJ
cjfa-12562	148	14	two	two	NUM
cjfa-12562	148	15	refinancing	refinance	VERB
cjfa-12562	148	16	operations	operation	NOUN
cjfa-12562	148	17	,	,	PUNCT
cjfa-12562	148	18	with	with	ADP
cjfa-12562	148	19	maturity	maturity	NOUN
cjfa-12562	148	20	period	period	NOUN
cjfa-12562	148	21	of	of	ADP
cjfa-12562	148	22	three	three	NUM
cjfa-12562	148	23	years	year	NOUN
cjfa-12562	148	24	.	.	PUNCT
cjfa-12562	149	1	there	there	PRON
cjfa-12562	149	2	was	be	VERB
cjfa-12562	149	3	also	also	ADV
cjfa-12562	149	4	possibility	possibility	NOUN
cjfa-12562	149	5	of	of	ADP
cjfa-12562	149	6	earlier	early	ADJ
cjfa-12562	149	7	repayment	repayment	NOUN
cjfa-12562	149	8	.	.	PUNCT
cjfa-12562	150	1	in	in	ADP
cjfa-12562	150	2	december	december	PROPN
cjfa-12562	150	3	2011	2011	NUM
cjfa-12562	150	4	,	,	PUNCT
cjfa-12562	150	5	rcb	rcb	PROPN
cjfa-12562	150	6	made	make	VERB
cjfa-12562	150	7	its	its	PRON
cjfa-12562	150	8	first	first	ADJ
cjfa-12562	150	9	bid	bid	NOUN
cjfa-12562	150	10	for	for	ADP
cjfa-12562	150	11	loans	loan	NOUN
cjfa-12562	150	12	with	with	ADP
cjfa-12562	150	13	value	value	NOUN
cjfa-12562	150	14	of	of	ADP
cjfa-12562	150	15	489,2	489,2	NOUN
cjfa-12562	150	16	billion	billion	NUM
cjfa-12562	150	17	euro	euro	NOUN
cjfa-12562	150	18	.	.	PUNCT
cjfa-12562	151	1	523	523	NUM
cjfa-12562	151	2	institutions	institution	NOUN
cjfa-12562	151	3	responded	respond	VERB
cjfa-12562	151	4	to	to	ADP
cjfa-12562	151	5	this	this	DET
cjfa-12562	151	6	offer	offer	NOUN
cjfa-12562	151	7	.	.	PUNCT
cjfa-12562	152	1	the	the	DET
cjfa-12562	152	2	second	second	ADJ
cjfa-12562	152	3	stage	stage	NOUN
cjfa-12562	152	4	took	take	VERB
cjfa-12562	152	5	place	place	NOUN
cjfa-12562	152	6	in	in	ADP
cjfa-12562	152	7	february	february	PROPN
cjfa-12562	152	8	2012	2012	NUM
cjfa-12562	152	9	.	.	PUNCT
cjfa-12562	153	1	ecb	ecb	PROPN
cjfa-12562	153	2	offered	offer	VERB
cjfa-12562	153	3	529,5	529,5	NOUN
cjfa-12562	153	4	billion	billion	NUM
cjfa-12562	153	5	euro	euro	NOUN
cjfa-12562	153	6	amount	amount	NOUN
cjfa-12562	153	7	of	of	ADP
cjfa-12562	153	8	money	money	NOUN
cjfa-12562	153	9	and	and	CCONJ
cjfa-12562	153	10	800	800	NUM
cjfa-12562	153	11	institutions	institution	NOUN
cjfa-12562	153	12	answered	answer	VERB
cjfa-12562	153	13	to	to	ADP
cjfa-12562	153	14	this	this	DET
cjfa-12562	153	15	offer	offer	NOUN
cjfa-12562	153	16	(	(	PUNCT
cjfa-12562	153	17	ecb	ecb	NOUN
cjfa-12562	153	18	,	,	PUNCT
cjfa-12562	153	19	2012	2012	NUM
cjfa-12562	153	20	)	)	PUNCT
cjfa-12562	153	21	.	.	PUNCT
cjfa-12562	154	1	details	detail	NOUN
cjfa-12562	154	2	of	of	ADP
cjfa-12562	154	3	ltros	ltro	NOUN
cjfa-12562	154	4	have	have	AUX
cjfa-12562	154	5	been	be	AUX
cjfa-12562	154	6	presented	present	VERB
cjfa-12562	154	7	in	in	ADP
cjfa-12562	154	8	table	table	NOUN
cjfa-12562	154	9	4	4	NUM
cjfa-12562	154	10	.	.	PUNCT
cjfa-12562	154	11	table	table	NOUN
cjfa-12562	154	12	4	4	NUM
cjfa-12562	154	13	.	.	PUNCT
cjfa-12562	155	1	details	detail	NOUN
cjfa-12562	155	2	of	of	ADP
cjfa-12562	155	3	ltro	ltro	ADJ
cjfa-12562	155	4	programs	program	NOUN
cjfa-12562	155	5	stage	stage	NOUN
cjfa-12562	155	6	of	of	ADP
cjfa-12562	155	7	program	program	NOUN
cjfa-12562	155	8	ltro1	ltro1	PROPN
cjfa-12562	155	9	ltro2	ltro2	NOUN
cjfa-12562	155	10	start	start	VERB
cjfa-12562	155	11	date	date	NOUN
cjfa-12562	155	12	december	december	PROPN
cjfa-12562	155	13	2011	2011	NUM
cjfa-12562	155	14	february	february	PROPN
cjfa-12562	155	15	2012	2012	NUM
cjfa-12562	155	16	value	value	NOUN
cjfa-12562	155	17	of	of	ADP
cjfa-12562	155	18	granted	grant	VERB
cjfa-12562	155	19	loans	loan	NOUN
cjfa-12562	155	20	489,2	489,2	PROPN
cjfa-12562	155	21	billion	billion	NUM
cjfa-12562	155	22	euro	euro	NOUN
cjfa-12562	155	23	529,5	529,5	NOUN
cjfa-12562	155	24	billion	billion	NUM
cjfa-12562	155	25	euro	euro	NOUN
cjfa-12562	155	26	number	number	NOUN
cjfa-12562	155	27	of	of	ADP
cjfa-12562	155	28	partners	partner	NOUN
cjfa-12562	155	29	523	523	NUM
cjfa-12562	155	30	800	800	NUM
cjfa-12562	155	31	s	s	NOUN
cjfa-12562	155	32	o	o	NOUN
cjfa-12562	155	33	u	u	NOUN
cjfa-12562	155	34	r	r	NOUN
cjfa-12562	155	35	c	c	NOUN
cjfa-12562	155	36	e	e	NOUN
cjfa-12562	155	37	:	:	PUNCT
cjfa-12562	155	38	based	base	VERB
cjfa-12562	155	39	on	on	ADP
cjfa-12562	155	40	:	:	PUNCT
cjfa-12562	155	41	http://www.ecb.europa.eu/pub/pdf/other/mb201201_focus04.en.pdf	http://www.ecb.europa.eu/pub/pdf/other/mb201201_focus04.en.pdf	X
cjfa-12562	155	42	.	.	PUNCT
cjfa-12562	156	1	in	in	ADP
cjfa-12562	156	2	the	the	DET
cjfa-12562	156	3	second	second	ADJ
cjfa-12562	156	4	half	half	NOUN
cjfa-12562	156	5	of	of	ADP
cjfa-12562	156	6	september	september	PROPN
cjfa-12562	156	7	2012	2012	NUM
cjfa-12562	156	8	,	,	PUNCT
cjfa-12562	156	9	financial	financial	ADJ
cjfa-12562	156	10	markets	market	NOUN
cjfa-12562	156	11	were	be	AUX
cjfa-12562	156	12	still	still	ADV
cjfa-12562	156	13	characterized	characterize	VERB
cjfa-12562	156	14	by	by	ADP
cjfa-12562	156	15	various	various	ADJ
cjfa-12562	156	16	level	level	NOUN
cjfa-12562	156	17	of	of	ADP
cjfa-12562	156	18	liquidity	liquidity	NOUN
cjfa-12562	156	19	and	and	CCONJ
cjfa-12562	156	20	profitability	profitability	NOUN
cjfa-12562	156	21	of	of	ADP
cjfa-12562	156	22	bonds	bond	NOUN
cjfa-12562	156	23	.	.	PUNCT
cjfa-12562	157	1	investors	investor	NOUN
cjfa-12562	157	2	also	also	ADV
cjfa-12562	157	3	showed	show	VERB
cjfa-12562	157	4	aversion	aversion	NOUN
cjfa-12562	157	5	to	to	PART
cjfa-12562	157	6	own	own	ADJ
cjfa-12562	157	7	government	government	NOUN
cjfa-12562	157	8	bonds	bond	NOUN
cjfa-12562	157	9	of	of	ADP
cjfa-12562	157	10	some	some	DET
cjfa-12562	157	11	european	european	ADJ
cjfa-12562	157	12	countries	country	NOUN
cjfa-12562	157	13	in	in	ADP
cjfa-12562	157	14	its	its	PRON
cjfa-12562	157	15	portfolios	portfolio	NOUN
cjfa-12562	157	16	.	.	PUNCT
cjfa-12562	158	1	there	there	PRON
cjfa-12562	158	2	were	be	VERB
cjfa-12562	158	3	concerns	concern	NOUN
cjfa-12562	158	4	about	about	ADP
cjfa-12562	158	5	resignation	resignation	NOUN
cjfa-12562	158	6	of	of	ADP
cjfa-12562	158	7	some	some	DET
cjfa-12562	158	8	countries	country	NOUN
cjfa-12562	158	9	from	from	ADP
cjfa-12562	158	10	participating	participate	VERB
cjfa-12562	158	11	in	in	ADP
cjfa-12562	158	12	euro	euro	NOUN
cjfa-12562	158	13	area	area	NOUN
cjfa-12562	158	14	.	.	PUNCT
cjfa-12562	159	1	therefore	therefore	ADV
cjfa-12562	159	2	,	,	PUNCT
cjfa-12562	159	3	ecb	ecb	PROPN
cjfa-12562	159	4	announced	announce	VERB
cjfa-12562	159	5	further	further	ADJ
cjfa-12562	159	6	program	program	NOUN
cjfa-12562	159	7	to	to	PART
cjfa-12562	159	8	buy	buy	VERB
cjfa-12562	159	9	government	government	NOUN
cjfa-12562	159	10	bonds	bond	NOUN
cjfa-12562	159	11	.	.	PUNCT
cjfa-12562	160	1	its	its	PRON
cjfa-12562	160	2	name	name	NOUN
cjfa-12562	160	3	is	be	AUX
cjfa-12562	160	4	outright	outright	ADJ
cjfa-12562	160	5	monetary	monetary	ADJ
cjfa-12562	160	6	transactions	transaction	NOUN
cjfa-12562	160	7	(	(	PUNCT
cjfa-12562	160	8	omt	omt	PROPN
cjfa-12562	160	9	)	)	PUNCT
cjfa-12562	160	10	.	.	PUNCT
cjfa-12562	161	1	overriding	override	VERB
cjfa-12562	161	2	aim	aim	NOUN
cjfa-12562	161	3	was	be	AUX
cjfa-12562	161	4	to	to	PART
cjfa-12562	161	5	assure	assure	VERB
cjfa-12562	161	6	the	the	DET
cjfa-12562	161	7	proper	proper	ADJ
cjfa-12562	161	8	functioning	functioning	NOUN
cjfa-12562	161	9	of	of	ADP
cjfa-12562	161	10	monetary	monetary	ADJ
cjfa-12562	161	11	policy	policy	NOUN
cjfa-12562	161	12	transmission	transmission	NOUN
cjfa-12562	161	13	mechanism	mechanism	NOUN
cjfa-12562	161	14	and	and	CCONJ
cjfa-12562	161	15	to	to	PART
cjfa-12562	161	16	maintain	maintain	VERB
cjfa-12562	161	17	uniformity	uniformity	NOUN
cjfa-12562	161	18	of	of	ADP
cjfa-12562	161	19	monetary	monetary	ADJ
cjfa-12562	161	20	policy	policy	NOUN
cjfa-12562	161	21	.	.	PUNCT
cjfa-12562	162	1	according	accord	VERB
cjfa-12562	162	2	to	to	ADP
cjfa-12562	162	3	this	this	DET
cjfa-12562	162	4	program	program	NOUN
cjfa-12562	162	5	,	,	PUNCT
cjfa-12562	162	6	undertaken	undertake	VERB
cjfa-12562	162	7	actions	action	NOUN
cjfa-12562	162	8	consisted	consist	VERB
cjfa-12562	162	9	of	of	ADP
cjfa-12562	162	10	unlimited	unlimited	ADJ
cjfa-12562	162	11	buying	buying	NOUN
cjfa-12562	162	12	of	of	ADP
cjfa-12562	162	13	government	government	NOUN
cjfa-12562	162	14	bonds	bond	NOUN
cjfa-12562	162	15	on	on	ADP
cjfa-12562	162	16	the	the	DET
cjfa-12562	162	17	secondary	secondary	ADJ
cjfa-12562	162	18	market	market	NOUN
cjfa-12562	162	19	with	with	ADP
cjfa-12562	162	20	maturity	maturity	NOUN
cjfa-12562	162	21	periods	period	NOUN
cjfa-12562	162	22	from	from	ADP
cjfa-12562	162	23	1	1	NUM
cjfa-12562	162	24	to	to	PART
cjfa-12562	162	25	3	3	NUM
cjfa-12562	162	26	years	year	NOUN
cjfa-12562	162	27	.	.	PUNCT
cjfa-12562	163	1	however	however	ADV
cjfa-12562	163	2	,	,	PUNCT
cjfa-12562	163	3	the	the	DET
cjfa-12562	163	4	bonds	bond	NOUN
cjfa-12562	163	5	of	of	ADP
cjfa-12562	163	6	country	country	NOUN
cjfa-12562	163	7	could	could	AUX
cjfa-12562	163	8	be	be	AUX
cjfa-12562	163	9	treated	treat	VERB
cjfa-12562	163	10	as	as	ADP
cjfa-12562	163	11	a	a	DET
cjfa-12562	163	12	subject	subject	NOUN
cjfa-12562	163	13	of	of	ADP
cjfa-12562	163	14	transactions	transaction	NOUN
cjfa-12562	163	15	,	,	PUNCT
cjfa-12562	163	16	if	if	SCONJ
cjfa-12562	163	17	country	country	NOUN
cjfa-12562	163	18	:	:	PUNCT
cjfa-12562	163	19	managing	manage	VERB
cjfa-12562	163	20	financial	financial	ADJ
cjfa-12562	163	21	stability	stability	NOUN
cjfa-12562	163	22	by	by	ADP
cjfa-12562	163	23	the	the	DET
cjfa-12562	163	24	european	european	PROPN
cjfa-12562	163	25	central	central	PROPN
cjfa-12562	163	26	bank	bank	PROPN
cjfa-12562	163	27	…	…	PUNCT
cjfa-12562	163	28	69	69	NUM
cjfa-12562	163	29	1	1	NUM
cjfa-12562	163	30	)	)	PUNCT
cjfa-12562	163	31	declared	declare	VERB
cjfa-12562	163	32	willingness	willingness	NOUN
cjfa-12562	163	33	to	to	PART
cjfa-12562	163	34	implement	implement	VERB
cjfa-12562	163	35	structural	structural	ADJ
cjfa-12562	163	36	reforms	reform	NOUN
cjfa-12562	163	37	and	and	CCONJ
cjfa-12562	163	38	deficit	deficit	NOUN
cjfa-12562	163	39	reductions	reduction	NOUN
cjfa-12562	163	40	,	,	PUNCT
cjfa-12562	163	41	2	2	X
cjfa-12562	163	42	)	)	PUNCT
cjfa-12562	163	43	participates	participate	VERB
cjfa-12562	163	44	in	in	ADP
cjfa-12562	163	45	one	one	NUM
cjfa-12562	163	46	of	of	ADP
cjfa-12562	163	47	recue	recue	NOUN
cjfa-12562	163	48	programs	program	NOUN
cjfa-12562	163	49	in	in	ADP
cjfa-12562	163	50	euro	euro	PROPN
cjfa-12562	163	51	area	area	NOUN
cjfa-12562	163	52	:	:	PUNCT
cjfa-12562	163	53	european	european	ADJ
cjfa-12562	163	54	financial	financial	ADJ
cjfa-12562	163	55	stability	stability	NOUN
cjfa-12562	163	56	facility	facility	NOUN
cjfa-12562	163	57	or	or	CCONJ
cjfa-12562	163	58	european	european	ADJ
cjfa-12562	163	59	stability	stability	NOUN
cjfa-12562	163	60	mechanism	mechanism	NOUN
cjfa-12562	163	61	.	.	PUNCT
cjfa-12562	164	1	omt	omt	PROPN
cjfa-12562	164	2	,	,	PUNCT
cjfa-12562	164	3	differently	differently	ADV
cjfa-12562	164	4	from	from	ADP
cjfa-12562	164	5	the	the	DET
cjfa-12562	164	6	previous	previous	ADJ
cjfa-12562	164	7	bond	bond	NOUN
cjfa-12562	164	8	purchase	purchase	NOUN
cjfa-12562	164	9	programs	program	NOUN
cjfa-12562	164	10	,	,	PUNCT
cjfa-12562	164	11	contained	contain	VERB
cjfa-12562	164	12	built	build	VERB
cjfa-12562	164	13	-	-	PUNCT
cjfa-12562	164	14	in	in	ADP
cjfa-12562	164	15	mechanism	mechanism	NOUN
cjfa-12562	164	16	to	to	PART
cjfa-12562	164	17	encourage	encourage	VERB
cjfa-12562	164	18	countries	country	NOUN
cjfa-12562	164	19	to	to	ADP
cjfa-12562	164	20	implementation	implementation	NOUN
cjfa-12562	164	21	of	of	ADP
cjfa-12562	164	22	necessary	necessary	ADJ
cjfa-12562	164	23	reforms	reform	NOUN
cjfa-12562	164	24	.	.	PUNCT
cjfa-12562	164	25	 	 	SPACE
cjfa-12562	165	1	conclusions	conclusion	NOUN
cjfa-12562	165	2	radical	radical	ADJ
cjfa-12562	165	3	steps	step	NOUN
cjfa-12562	165	4	were	be	AUX
cjfa-12562	165	5	the	the	DET
cjfa-12562	165	6	answer	answer	NOUN
cjfa-12562	165	7	of	of	ADP
cjfa-12562	165	8	european	european	PROPN
cjfa-12562	165	9	central	central	PROPN
cjfa-12562	165	10	bank	bank	PROPN
cjfa-12562	165	11	to	to	ADP
cjfa-12562	165	12	shocks	shock	NOUN
cjfa-12562	165	13	in	in	ADP
cjfa-12562	165	14	the	the	DET
cjfa-12562	165	15	financial	financial	ADJ
cjfa-12562	165	16	system	system	NOUN
cjfa-12562	165	17	,	,	PUNCT
cjfa-12562	165	18	which	which	PRON
cjfa-12562	165	19	were	be	AUX
cjfa-12562	165	20	formed	form	VERB
cjfa-12562	165	21	as	as	ADP
cjfa-12562	165	22	a	a	DET
cjfa-12562	165	23	result	result	NOUN
cjfa-12562	165	24	of	of	ADP
cjfa-12562	165	25	crisis	crisis	NOUN
cjfa-12562	165	26	2007–2009	2007–2009	NUM
cjfa-12562	165	27	.	.	PUNCT
cjfa-12562	166	1	main	main	ADJ
cjfa-12562	166	2	goal	goal	NOUN
cjfa-12562	166	3	was	be	AUX
cjfa-12562	166	4	to	to	PART
cjfa-12562	166	5	restore	restore	VERB
cjfa-12562	166	6	the	the	DET
cjfa-12562	166	7	balance	balance	NOUN
cjfa-12562	166	8	in	in	ADP
cjfa-12562	166	9	the	the	DET
cjfa-12562	166	10	financial	financial	ADJ
cjfa-12562	166	11	system	system	NOUN
cjfa-12562	166	12	.	.	PUNCT
cjfa-12562	167	1	these	these	DET
cjfa-12562	167	2	actions	action	NOUN
cjfa-12562	167	3	were	be	AUX
cjfa-12562	167	4	difficult	difficult	ADJ
cjfa-12562	167	5	because	because	SCONJ
cjfa-12562	167	6	of	of	ADP
cjfa-12562	167	7	poor	poor	ADJ
cjfa-12562	167	8	condition	condition	NOUN
cjfa-12562	167	9	of	of	ADP
cjfa-12562	167	10	the	the	DET
cjfa-12562	167	11	european	european	ADJ
cjfa-12562	167	12	economy	economy	NOUN
cjfa-12562	167	13	,	,	PUNCT
cjfa-12562	167	14	occurrence	occurrence	NOUN
cjfa-12562	167	15	of	of	ADP
cjfa-12562	167	16	debt	debt	NOUN
cjfa-12562	167	17	crisis	crisis	NOUN
cjfa-12562	167	18	or	or	CCONJ
cjfa-12562	167	19	possibility	possibility	NOUN
cjfa-12562	167	20	of	of	ADP
cjfa-12562	167	21	disintegration	disintegration	NOUN
cjfa-12562	167	22	of	of	ADP
cjfa-12562	167	23	the	the	DET
cjfa-12562	167	24	euro	euro	PROPN
cjfa-12562	167	25	area	area	NOUN
cjfa-12562	167	26	.	.	PUNCT
cjfa-12562	168	1	initial	initial	ADJ
cjfa-12562	168	2	lowering	lowering	NOUN
cjfa-12562	168	3	of	of	ADP
cjfa-12562	168	4	interest	interest	NOUN
cjfa-12562	168	5	rates	rate	NOUN
cjfa-12562	168	6	to	to	ADP
cjfa-12562	168	7	historically	historically	ADV
cjfa-12562	168	8	low	low	ADJ
cjfa-12562	168	9	levels	level	NOUN
cjfa-12562	168	10	,	,	PUNCT
cjfa-12562	168	11	did	do	AUX
cjfa-12562	168	12	not	not	PART
cjfa-12562	168	13	brought	bring	VERB
cjfa-12562	168	14	the	the	DET
cjfa-12562	168	15	expected	expect	VERB
cjfa-12562	168	16	results	result	NOUN
cjfa-12562	168	17	.	.	PUNCT
cjfa-12562	169	1	limitations	limitation	NOUN
cjfa-12562	169	2	encountered	encounter	VERB
cjfa-12562	169	3	by	by	ADP
cjfa-12562	169	4	european	european	PROPN
cjfa-12562	169	5	central	central	PROPN
cjfa-12562	169	6	bank	bank	PROPN
cjfa-12562	169	7	set	set	VERB
cjfa-12562	169	8	him	he	PRON
cjfa-12562	169	9	a	a	DET
cjfa-12562	169	10	new	new	ADJ
cjfa-12562	169	11	challenge	challenge	NOUN
cjfa-12562	169	12	,	,	PUNCT
cjfa-12562	169	13	which	which	PRON
cjfa-12562	169	14	was	be	AUX
cjfa-12562	169	15	the	the	DET
cjfa-12562	169	16	use	use	NOUN
cjfa-12562	169	17	of	of	ADP
cjfa-12562	169	18	unconventional	unconventional	ADJ
cjfa-12562	169	19	monetary	monetary	ADJ
cjfa-12562	169	20	policy	policy	NOUN
cjfa-12562	169	21	tools	tool	NOUN
cjfa-12562	169	22	.	.	PUNCT
cjfa-12562	170	1	they	they	PRON
cjfa-12562	170	2	were	be	AUX
cjfa-12562	170	3	complementary	complementary	ADJ
cjfa-12562	170	4	to	to	ADP
cjfa-12562	170	5	the	the	DET
cjfa-12562	170	6	traditional	traditional	ADJ
cjfa-12562	170	7	interest	interest	NOUN
cjfa-12562	170	8	rate	rate	NOUN
cjfa-12562	170	9	policy	policy	NOUN
cjfa-12562	170	10	.	.	PUNCT
cjfa-12562	171	1	by	by	ADP
cjfa-12562	171	2	using	use	VERB
cjfa-12562	171	3	them	they	PRON
cjfa-12562	171	4	,	,	PUNCT
cjfa-12562	171	5	president	president	NOUN
cjfa-12562	171	6	of	of	ADP
cjfa-12562	171	7	ecb	ecb	PROPN
cjfa-12562	171	8	had	have	AUX
cjfa-12562	171	9	in	in	ADP
cjfa-12562	171	10	mind	mind	NOUN
cjfa-12562	171	11	five	five	NUM
cjfa-12562	171	12	principles	principle	NOUN
cjfa-12562	171	13	:	:	PUNCT
cjfa-12562	171	14	1	1	X
cjfa-12562	171	15	)	)	PUNCT
cjfa-12562	171	16	designing	design	VERB
cjfa-12562	171	17	and	and	CCONJ
cjfa-12562	171	18	implementing	implement	VERB
cjfa-12562	171	19	of	of	ADP
cjfa-12562	171	20	unconventional	unconventional	ADJ
cjfa-12562	171	21	instruments	instrument	NOUN
cjfa-12562	171	22	was	be	AUX
cjfa-12562	171	23	supposed	suppose	VERB
cjfa-12562	171	24	to	to	PART
cjfa-12562	171	25	serve	serve	VERB
cjfa-12562	171	26	a	a	DET
cjfa-12562	171	27	fundamental	fundamental	ADJ
cjfa-12562	171	28	objective	objective	NOUN
cjfa-12562	171	29	of	of	ADP
cjfa-12562	171	30	ecb	ecb	NOUN
cjfa-12562	171	31	,	,	PUNCT
cjfa-12562	171	32	2	2	NUM
cjfa-12562	171	33	)	)	PUNCT
cjfa-12562	171	34	the	the	DET
cjfa-12562	171	35	purpose	purpose	NOUN
cjfa-12562	171	36	of	of	ADP
cjfa-12562	171	37	these	these	DET
cjfa-12562	171	38	tools	tool	NOUN
cjfa-12562	171	39	was	be	AUX
cjfa-12562	171	40	removal	removal	NOUN
cjfa-12562	171	41	of	of	ADP
cjfa-12562	171	42	major	major	ADJ
cjfa-12562	171	43	obstacles	obstacle	NOUN
cjfa-12562	171	44	,	,	PUNCT
cjfa-12562	171	45	that	that	PRON
cjfa-12562	171	46	interfere	interfere	VERB
cjfa-12562	171	47	with	with	ADP
cjfa-12562	171	48	proper	proper	ADJ
cjfa-12562	171	49	transmission	transmission	NOUN
cjfa-12562	171	50	of	of	ADP
cjfa-12562	171	51	monetary	monetary	ADJ
cjfa-12562	171	52	policy	policy	NOUN
cjfa-12562	171	53	impulses	impulse	NOUN
cjfa-12562	171	54	,	,	PUNCT
cjfa-12562	171	55	3	3	X
cjfa-12562	171	56	)	)	PUNCT
cjfa-12562	171	57	unconventional	unconventional	ADJ
cjfa-12562	171	58	programs	program	NOUN
cjfa-12562	171	59	were	be	AUX
cjfa-12562	171	60	carried	carry	VERB
cjfa-12562	171	61	out	out	ADP
cjfa-12562	171	62	with	with	ADP
cjfa-12562	171	63	the	the	DET
cjfa-12562	171	64	tools	tool	NOUN
cjfa-12562	171	65	,	,	PUNCT
cjfa-12562	171	66	that	that	PRON
cjfa-12562	171	67	were	be	AUX
cjfa-12562	171	68	at	at	ADP
cjfa-12562	171	69	the	the	DET
cjfa-12562	171	70	disposal	disposal	NOUN
cjfa-12562	171	71	of	of	ADP
cjfa-12562	171	72	ecb	ecb	NOUN
cjfa-12562	171	73	,	,	PUNCT
cjfa-12562	171	74	4	4	X
cjfa-12562	171	75	)	)	PUNCT
cjfa-12562	171	76	unconventional	unconventional	ADJ
cjfa-12562	171	77	instruments	instrument	NOUN
cjfa-12562	171	78	were	be	AUX
cjfa-12562	171	79	implemented	implement	VERB
cjfa-12562	171	80	for	for	ADP
cjfa-12562	171	81	certain	certain	ADJ
cjfa-12562	171	82	period	period	NOUN
cjfa-12562	171	83	of	of	ADP
cjfa-12562	171	84	time	time	NOUN
cjfa-12562	171	85	,	,	PUNCT
cjfa-12562	171	86	5	5	NUM
cjfa-12562	171	87	)	)	PUNCT
cjfa-12562	171	88	by	by	ADP
cjfa-12562	171	89	using	use	VERB
cjfa-12562	171	90	unconventional	unconventional	ADJ
cjfa-12562	171	91	tools	tool	NOUN
cjfa-12562	171	92	,	,	PUNCT
cjfa-12562	171	93	whole	whole	ADJ
cjfa-12562	171	94	institutional	institutional	ADJ
cjfa-12562	171	95	environment	environment	NOUN
cjfa-12562	171	96	hat	hat	NOUN
cjfa-12562	171	97	to	to	PART
cjfa-12562	171	98	strive	strive	VERB
cjfa-12562	171	99	to	to	PART
cjfa-12562	171	100	reactivate	reactivate	VERB
cjfa-12562	171	101	private	private	ADJ
cjfa-12562	171	102	markets	market	NOUN
cjfa-12562	171	103	(	(	PUNCT
cjfa-12562	171	104	żywiecka	żywiecka	NOUN
cjfa-12562	171	105	,	,	PUNCT
cjfa-12562	171	106	2014	2014	NUM
cjfa-12562	171	107	,	,	PUNCT
cjfa-12562	171	108	p.	p.	NOUN
cjfa-12562	171	109	173	173	NUM
cjfa-12562	171	110	)	)	PUNCT
cjfa-12562	171	111	.	.	PUNCT
cjfa-12562	172	1	although	although	SCONJ
cjfa-12562	172	2	the	the	DET
cjfa-12562	172	3	main	main	ADJ
cjfa-12562	172	4	task	task	NOUN
cjfa-12562	172	5	of	of	ADP
cjfa-12562	172	6	ecb	ecb	PROPN
cjfa-12562	172	7	is	be	AUX
cjfa-12562	172	8	to	to	PART
cjfa-12562	172	9	maintain	maintain	VERB
cjfa-12562	172	10	price	price	NOUN
cjfa-12562	172	11	stability	stability	NOUN
cjfa-12562	172	12	,	,	PUNCT
cjfa-12562	172	13	it	it	PRON
cjfa-12562	172	14	undertook	undertake	VERB
cjfa-12562	172	15	a	a	DET
cjfa-12562	172	16	series	series	NOUN
cjfa-12562	172	17	of	of	ADP
cjfa-12562	172	18	actions	action	NOUN
cjfa-12562	172	19	,	,	PUNCT
cjfa-12562	172	20	that	that	PRON
cjfa-12562	172	21	should	should	AUX
cjfa-12562	172	22	have	have	AUX
cjfa-12562	172	23	restored	restore	VERB
cjfa-12562	172	24	financial	financial	ADJ
cjfa-12562	172	25	stability	stability	NOUN
cjfa-12562	172	26	in	in	ADP
cjfa-12562	172	27	europe	europe	PROPN
cjfa-12562	172	28	.	.	PUNCT
cjfa-12562	173	1	immediately	immediately	ADV
cjfa-12562	173	2	after	after	SCONJ
cjfa-12562	173	3	ecb	ecb	NOUN
cjfa-12562	173	4	has	have	AUX
cjfa-12562	173	5	modified	modify	VERB
cjfa-12562	173	6	the	the	DET
cjfa-12562	173	7	maturity	maturity	NOUN
cjfa-12562	173	8	of	of	ADP
cjfa-12562	173	9	open	open	ADJ
cjfa-12562	173	10	market	market	NOUN
cjfa-12562	173	11	operations	operation	NOUN
cjfa-12562	173	12	and	and	CCONJ
cjfa-12562	173	13	expanded	expand	VERB
cjfa-12562	173	14	the	the	DET
cjfa-12562	173	15	list	list	NOUN
cjfa-12562	173	16	of	of	ADP
cjfa-12562	173	17	accepted	accept	VERB
cjfa-12562	173	18	collaterals	collateral	NOUN
cjfa-12562	173	19	,	,	PUNCT
cjfa-12562	173	20	next	next	ADJ
cjfa-12562	173	21	step	step	NOUN
cjfa-12562	173	22	was	be	AUX
cjfa-12562	173	23	establishment	establishment	NOUN
cjfa-12562	173	24	of	of	ADP
cjfa-12562	173	25	swap	swap	NOUN
cjfa-12562	173	26	lines	line	NOUN
cjfa-12562	173	27	with	with	ADP
cjfa-12562	173	28	other	other	ADJ
cjfa-12562	173	29	central	central	ADJ
cjfa-12562	173	30	banks	bank	NOUN
cjfa-12562	173	31	,	,	PUNCT
cjfa-12562	173	32	whose	whose	DET
cjfa-12562	173	33	task	task	NOUN
cjfa-12562	173	34	was	be	AUX
cjfa-12562	173	35	to	to	PART
cjfa-12562	173	36	provide	provide	VERB
cjfa-12562	173	37	liquidity	liquidity	NOUN
cjfa-12562	173	38	to	to	ADP
cjfa-12562	173	39	commercial	commercial	ADJ
cjfa-12562	173	40	banks	bank	NOUN
cjfa-12562	173	41	in	in	ADP
cjfa-12562	173	42	foreign	foreign	ADJ
cjfa-12562	173	43	currencies	currency	NOUN
cjfa-12562	173	44	.	.	PUNCT
cjfa-12562	174	1	scale	scale	NOUN
cjfa-12562	174	2	and	and	CCONJ
cjfa-12562	174	3	number	number	NOUN
cjfa-12562	174	4	of	of	ADP
cjfa-12562	174	5	involved	involved	ADJ
cjfa-12562	174	6	countries	country	NOUN
cjfa-12562	174	7	indicate	indicate	VERB
cjfa-12562	174	8	the	the	DET
cjfa-12562	174	9	significance	significance	NOUN
cjfa-12562	174	10	of	of	ADP
cjfa-12562	174	11	anti	anti	ADJ
cjfa-12562	174	12	-	-	ADJ
cjfa-12562	174	13	crisis	crisis	ADJ
cjfa-12562	174	14	tool	tool	NOUN
cjfa-12562	174	15	.	.	PUNCT
cjfa-12562	175	1	radosław	radosław	PROPN
cjfa-12562	175	2	ciukaj70	ciukaj70	NOUN
cjfa-12562	175	3	purchase	purchase	NOUN
cjfa-12562	175	4	of	of	ADP
cjfa-12562	175	5	debt	debt	NOUN
cjfa-12562	175	6	securities	security	NOUN
cjfa-12562	175	7	(	(	PUNCT
cjfa-12562	175	8	cbpp	cbpp	NOUN
cjfa-12562	175	9	programs	program	NOUN
cjfa-12562	175	10	)	)	PUNCT
cjfa-12562	175	11	was	be	AUX
cjfa-12562	175	12	crucial	crucial	ADJ
cjfa-12562	175	13	for	for	ADP
cjfa-12562	175	14	stabilizing	stabilize	VERB
cjfa-12562	175	15	actions	action	NOUN
cjfa-12562	175	16	in	in	ADP
cjfa-12562	175	17	europe	europe	PROPN
cjfa-12562	175	18	.	.	PUNCT
cjfa-12562	176	1	it	it	PRON
cjfa-12562	176	2	improved	improve	VERB
cjfa-12562	176	3	banks	bank	NOUN
cjfa-12562	176	4	’	’	PART
cjfa-12562	176	5	financing	financing	NOUN
cjfa-12562	176	6	conditions	condition	NOUN
cjfa-12562	176	7	and	and	CCONJ
cjfa-12562	176	8	lending	lending	NOUN
cjfa-12562	176	9	possibility	possibility	NOUN
cjfa-12562	176	10	by	by	ADP
cjfa-12562	176	11	revitalizing	revitalize	VERB
cjfa-12562	176	12	debt	debt	NOUN
cjfa-12562	176	13	security	security	NOUN
cjfa-12562	176	14	market	market	NOUN
cjfa-12562	176	15	.	.	PUNCT
cjfa-12562	177	1	program	program	NOUN
cjfa-12562	177	2	securities	security	NOUN
cjfa-12562	177	3	market	market	NOUN
cjfa-12562	177	4	programme	programme	NOUN
cjfa-12562	177	5	implemented	implement	VERB
cjfa-12562	177	6	buying	buy	VERB
cjfa-12562	177	7	government	government	NOUN
cjfa-12562	177	8	and	and	CCONJ
cjfa-12562	177	9	private	private	ADJ
cjfa-12562	177	10	securities	security	NOUN
cjfa-12562	177	11	.	.	PUNCT
cjfa-12562	178	1	thanks	thank	NOUN
cjfa-12562	178	2	to	to	ADP
cjfa-12562	178	3	it	it	PRON
cjfa-12562	178	4	,	,	PUNCT
cjfa-12562	178	5	possibility	possibility	NOUN
cjfa-12562	178	6	of	of	ADP
cjfa-12562	178	7	collapse	collapse	NOUN
cjfa-12562	178	8	of	of	ADP
cjfa-12562	178	9	government	government	NOUN
cjfa-12562	178	10	bond	bond	NOUN
cjfa-12562	178	11	market	market	NOUN
cjfa-12562	178	12	was	be	AUX
cjfa-12562	178	13	abandoned	abandon	VERB
cjfa-12562	178	14	in	in	ADP
cjfa-12562	178	15	some	some	DET
cjfa-12562	178	16	euro	euro	NOUN
cjfa-12562	178	17	area	area	NOUN
cjfa-12562	178	18	countries	country	NOUN
cjfa-12562	178	19	.	.	PUNCT
cjfa-12562	179	1	it	it	PRON
cjfa-12562	179	2	also	also	ADV
cjfa-12562	179	3	contributed	contribute	VERB
cjfa-12562	179	4	to	to	ADP
cjfa-12562	179	5	improvement	improvement	NOUN
cjfa-12562	179	6	of	of	ADP
cjfa-12562	179	7	monetary	monetary	ADJ
cjfa-12562	179	8	policy	policy	NOUN
cjfa-12562	179	9	transmission	transmission	NOUN
cjfa-12562	179	10	mechanism	mechanism	NOUN
cjfa-12562	179	11	.	.	PUNCT
cjfa-12562	180	1	unfortunately	unfortunately	ADV
cjfa-12562	180	2	,	,	PUNCT
cjfa-12562	180	3	the	the	DET
cjfa-12562	180	4	funds	fund	NOUN
cjfa-12562	180	5	,	,	PUNCT
cjfa-12562	180	6	raised	raise	VERB
cjfa-12562	180	7	by	by	ADP
cjfa-12562	180	8	banks	bank	NOUN
cjfa-12562	180	9	from	from	ADP
cjfa-12562	180	10	this	this	DET
cjfa-12562	180	11	program	program	NOUN
cjfa-12562	180	12	,	,	PUNCT
cjfa-12562	180	13	have	have	AUX
cjfa-12562	180	14	been	be	AUX
cjfa-12562	180	15	deposited	deposit	VERB
cjfa-12562	180	16	in	in	ADP
cjfa-12562	180	17	the	the	DET
cjfa-12562	180	18	accounts	account	NOUN
cjfa-12562	180	19	of	of	ADP
cjfa-12562	180	20	ecb	ecb	NOUN
cjfa-12562	180	21	and	and	CCONJ
cjfa-12562	180	22	therefore	therefore	ADV
cjfa-12562	180	23	not	not	PART
cjfa-12562	180	24	spurred	spur	VERB
cjfa-12562	180	25	the	the	DET
cjfa-12562	180	26	real	real	ADJ
cjfa-12562	180	27	economy	economy	NOUN
cjfa-12562	180	28	.	.	PUNCT
cjfa-12562	181	1	with	with	ADP
cjfa-12562	181	2	ltro	ltro	ADJ
cjfa-12562	181	3	operations	operation	NOUN
cjfa-12562	181	4	,	,	PUNCT
cjfa-12562	181	5	main	main	ADJ
cjfa-12562	181	6	goals	goal	NOUN
cjfa-12562	181	7	have	have	AUX
cjfa-12562	181	8	been	be	AUX
cjfa-12562	181	9	reached	reach	VERB
cjfa-12562	181	10	:	:	PUNCT
cjfa-12562	181	11	it	it	PRON
cjfa-12562	181	12	restored	restore	VERB
cjfa-12562	181	13	liquidity	liquidity	NOUN
cjfa-12562	181	14	in	in	ADP
cjfa-12562	181	15	banking	banking	NOUN
cjfa-12562	181	16	sector	sector	NOUN
cjfa-12562	181	17	and	and	CCONJ
cjfa-12562	181	18	interest	interest	NOUN
cjfa-12562	181	19	rates	rate	NOUN
cjfa-12562	181	20	have	have	AUX
cjfa-12562	181	21	been	be	AUX
cjfa-12562	181	22	lowered	lower	VERB
cjfa-12562	181	23	.	.	PUNCT
cjfa-12562	182	1	banks	bank	NOUN
cjfa-12562	182	2	,	,	PUNCT
cjfa-12562	182	3	which	which	PRON
cjfa-12562	182	4	were	be	AUX
cjfa-12562	182	5	benefiting	benefit	VERB
cjfa-12562	182	6	from	from	ADP
cjfa-12562	182	7	preferential	preferential	ADJ
cjfa-12562	182	8	credits	credit	NOUN
cjfa-12562	182	9	,	,	PUNCT
cjfa-12562	182	10	invested	invest	VERB
cjfa-12562	182	11	this	this	DET
cjfa-12562	182	12	capital	capital	NOUN
cjfa-12562	182	13	in	in	ADP
cjfa-12562	182	14	bonds	bond	NOUN
cjfa-12562	182	15	of	of	ADP
cjfa-12562	182	16	european	european	ADJ
cjfa-12562	182	17	countries	country	NOUN
cjfa-12562	182	18	and	and	CCONJ
cjfa-12562	182	19	thus	thus	ADV
cjfa-12562	182	20	contributed	contribute	VERB
cjfa-12562	182	21	to	to	PART
cjfa-12562	182	22	lower	lower	VERB
cjfa-12562	182	23	their	their	PRON
cjfa-12562	182	24	profitability	profitability	NOUN
cjfa-12562	182	25	.	.	PUNCT
cjfa-12562	183	1	despite	despite	SCONJ
cjfa-12562	183	2	the	the	DET
cjfa-12562	183	3	lack	lack	NOUN
cjfa-12562	183	4	of	of	ADP
cjfa-12562	183	5	full	full	ADJ
cjfa-12562	183	6	implementation	implementation	NOUN
cjfa-12562	183	7	of	of	ADP
cjfa-12562	183	8	omt	omt	PROPN
cjfa-12562	183	9	program	program	PROPN
cjfa-12562	183	10	,	,	PUNCT
cjfa-12562	183	11	ecb	ecb	PROPN
cjfa-12562	183	12	’s	’s	PART
cjfa-12562	183	13	message	message	NOUN
cjfa-12562	183	14	about	about	ADP
cjfa-12562	183	15	readiness	readiness	NOUN
cjfa-12562	183	16	to	to	PART
cjfa-12562	183	17	intervene	intervene	VERB
cjfa-12562	183	18	,	,	PUNCT
cjfa-12562	183	19	positively	positively	ADV
cjfa-12562	183	20	influenced	influence	VERB
cjfa-12562	183	21	interest	interest	NOUN
cjfa-12562	183	22	rates	rate	NOUN
cjfa-12562	183	23	of	of	ADP
cjfa-12562	183	24	government	government	NOUN
cjfa-12562	183	25	bonds	bond	NOUN
cjfa-12562	183	26	of	of	ADP
cjfa-12562	183	27	countries	country	NOUN
cjfa-12562	183	28	facing	face	VERB
cjfa-12562	183	29	debt	debt	NOUN
cjfa-12562	183	30	crisis	crisis	NOUN
cjfa-12562	183	31	.	.	PUNCT
cjfa-12562	184	1	on	on	ADP
cjfa-12562	184	2	conclusion	conclusion	NOUN
cjfa-12562	184	3	,	,	PUNCT
cjfa-12562	184	4	the	the	DET
cjfa-12562	184	5	actions	action	NOUN
cjfa-12562	184	6	undertaken	undertake	VERB
cjfa-12562	184	7	by	by	ADP
cjfa-12562	184	8	ecb	ecb	PROPN
cjfa-12562	184	9	as	as	ADP
cjfa-12562	184	10	the	the	DET
cjfa-12562	184	11	unconventional	unconventional	ADJ
cjfa-12562	184	12	monetary	monetary	ADJ
cjfa-12562	184	13	policy	policy	NOUN
cjfa-12562	184	14	,	,	PUNCT
cjfa-12562	184	15	can	can	AUX
cjfa-12562	184	16	be	be	AUX
cjfa-12562	184	17	evaluated	evaluate	VERB
cjfa-12562	184	18	as	as	ADP
cjfa-12562	184	19	:	:	PUNCT
cjfa-12562	184	20	1	1	X
cjfa-12562	184	21	)	)	PUNCT
cjfa-12562	184	22	providing	provide	VERB
cjfa-12562	184	23	liquidity	liquidity	NOUN
cjfa-12562	184	24	in	in	ADP
cjfa-12562	184	25	the	the	DET
cjfa-12562	184	26	form	form	NOUN
cjfa-12562	184	27	of	of	ADP
cjfa-12562	184	28	extended	extended	ADJ
cjfa-12562	184	29	loan	loan	NOUN
cjfa-12562	184	30	supply	supply	NOUN
cjfa-12562	184	31	,	,	PUNCT
cjfa-12562	184	32	2	2	X
cjfa-12562	184	33	)	)	PUNCT
cjfa-12562	184	34	taking	take	VERB
cjfa-12562	184	35	the	the	DET
cjfa-12562	184	36	form	form	NOUN
cjfa-12562	184	37	of	of	ADP
cjfa-12562	184	38	direct	direct	ADJ
cjfa-12562	184	39	purchase	purchase	NOUN
cjfa-12562	184	40	operations	operation	NOUN
cjfa-12562	184	41	of	of	ADP
cjfa-12562	184	42	government	government	NOUN
cjfa-12562	184	43	and	and	CCONJ
cjfa-12562	184	44	private	private	ADJ
cjfa-12562	184	45	securities	security	NOUN
cjfa-12562	184	46	on	on	ADP
cjfa-12562	184	47	the	the	DET
cjfa-12562	184	48	secondary	secondary	ADJ
cjfa-12562	184	49	market	market	NOUN
cjfa-12562	184	50	by	by	ADP
cjfa-12562	184	51	ecb	ecb	PROPN
cjfa-12562	184	52	,	,	PUNCT
cjfa-12562	184	53	3	3	X
cjfa-12562	184	54	)	)	PUNCT
cjfa-12562	184	55	shaping	shape	VERB
cjfa-12562	184	56	long	long	ADJ
cjfa-12562	184	57	-	-	PUNCT
cjfa-12562	184	58	term	term	NOUN
cjfa-12562	184	59	expectations	expectation	NOUN
cjfa-12562	184	60	through	through	ADP
cjfa-12562	184	61	appropriate	appropriate	ADJ
cjfa-12562	184	62	information	information	NOUN
cjfa-12562	184	63	policy	policy	NOUN
cjfa-12562	184	64	(	(	PUNCT
cjfa-12562	184	65	żywiecka	żywiecka	NOUN
cjfa-12562	184	66	,	,	PUNCT
cjfa-12562	184	67	2014	2014	NUM
cjfa-12562	184	68	,	,	PUNCT
cjfa-12562	184	69	p.	p.	NOUN
cjfa-12562	184	70	200	200	NUM
cjfa-12562	184	71	)	)	PUNCT
cjfa-12562	184	72	.	.	PUNCT
cjfa-12562	185	1	above	above	ADP
cjfa-12562	185	2	mentioned	mention	VERB
cjfa-12562	185	3	activities	activity	NOUN
cjfa-12562	185	4	were	be	AUX
cjfa-12562	185	5	aimed	aim	VERB
cjfa-12562	185	6	at	at	ADP
cjfa-12562	185	7	supporting	support	VERB
cjfa-12562	185	8	the	the	DET
cjfa-12562	185	9	european	european	ADJ
cjfa-12562	185	10	banking	banking	NOUN
cjfa-12562	185	11	sector	sector	NOUN
cjfa-12562	185	12	.	.	PUNCT
cjfa-12562	186	1	therefore	therefore	ADV
cjfa-12562	186	2	,	,	PUNCT
cjfa-12562	186	3	buying	buy	VERB
cjfa-12562	186	4	assets	asset	NOUN
cjfa-12562	186	5	programs	program	NOUN
cjfa-12562	186	6	were	be	AUX
cjfa-12562	186	7	conducted	conduct	VERB
cjfa-12562	186	8	on	on	ADP
cjfa-12562	186	9	smaller	small	ADJ
cjfa-12562	186	10	scale	scale	NOUN
cjfa-12562	186	11	and	and	CCONJ
cjfa-12562	186	12	some	some	PRON
cjfa-12562	186	13	of	of	ADP
cjfa-12562	186	14	them	they	PRON
cjfa-12562	186	15	contained	contain	VERB
cjfa-12562	186	16	assumption	assumption	NOUN
cjfa-12562	186	17	of	of	ADP
cjfa-12562	186	18	sterilization	sterilization	NOUN
cjfa-12562	186	19	transactions	transaction	NOUN
cjfa-12562	186	20	–	–	PUNCT
cjfa-12562	186	21	it	it	PRON
cjfa-12562	186	22	was	be	AUX
cjfa-12562	186	23	afeature	afeature	ADV
cjfa-12562	186	24	different	different	ADJ
cjfa-12562	186	25	from	from	ADP
cjfa-12562	186	26	the	the	DET
cjfa-12562	186	27	traditional	traditional	ADJ
cjfa-12562	186	28	quantitative	quantitative	ADJ
cjfa-12562	186	29	easing	ease	VERB
cjfa-12562	186	30	programs	program	NOUN
cjfa-12562	186	31	.	.	PUNCT
cjfa-12562	187	1	although	although	SCONJ
cjfa-12562	187	2	the	the	DET
cjfa-12562	187	3	article	article	NOUN
cjfa-12562	187	4	focused	focus	VERB
cjfa-12562	187	5	on	on	ADP
cjfa-12562	187	6	the	the	DET
cjfa-12562	187	7	positive	positive	ADJ
cjfa-12562	187	8	effects	effect	NOUN
cjfa-12562	187	9	of	of	ADP
cjfa-12562	187	10	ecb	ecb	PROPN
cjfa-12562	187	11	’s	’s	PART
cjfa-12562	187	12	unconventional	unconventional	ADJ
cjfa-12562	187	13	policy	policy	NOUN
cjfa-12562	187	14	,	,	PUNCT
cjfa-12562	187	15	it	it	PRON
cjfa-12562	187	16	is	be	AUX
cjfa-12562	187	17	worth	worth	ADJ
cjfa-12562	187	18	to	to	PART
cjfa-12562	187	19	notice	notice	VERB
cjfa-12562	187	20	that	that	SCONJ
cjfa-12562	187	21	there	there	PRON
cjfa-12562	187	22	has	have	AUX
cjfa-12562	187	23	been	be	AUX
cjfa-12562	187	24	a	a	DET
cjfa-12562	187	25	vivid	vivid	ADJ
cjfa-12562	187	26	discussion	discussion	NOUN
cjfa-12562	187	27	whether	whether	SCONJ
cjfa-12562	187	28	the	the	DET
cjfa-12562	187	29	scale	scale	NOUN
cjfa-12562	187	30	,	,	PUNCT
cjfa-12562	187	31	time	time	NOUN
cjfa-12562	187	32	and	and	CCONJ
cjfa-12562	187	33	manner	manner	NOUN
cjfa-12562	187	34	of	of	ADP
cjfa-12562	187	35	changes	change	NOUN
cjfa-12562	187	36	in	in	ADP
cjfa-12562	187	37	the	the	DET
cjfa-12562	187	38	monetary	monetary	ADJ
cjfa-12562	187	39	policy	policy	NOUN
cjfa-12562	187	40	were	be	AUX
cjfa-12562	187	41	effective	effective	ADJ
cjfa-12562	187	42	in	in	ADP
cjfa-12562	187	43	achieving	achieve	VERB
cjfa-12562	187	44	the	the	DET
cjfa-12562	187	45	intended	intend	VERB
cjfa-12562	187	46	purposes	purpose	NOUN
cjfa-12562	187	47	.	.	PUNCT
cjfa-12562	188	1	it	it	PRON
cjfa-12562	188	2	has	have	AUX
cjfa-12562	188	3	been	be	AUX
cjfa-12562	188	4	argued	argue	VERB
cjfa-12562	188	5	that	that	SCONJ
cjfa-12562	188	6	they	they	PRON
cjfa-12562	188	7	could	could	AUX
cjfa-12562	188	8	lead	lead	VERB
cjfa-12562	188	9	to	to	ADP
cjfa-12562	188	10	lower	low	ADJ
cjfa-12562	188	11	effectiveness	effectiveness	NOUN
cjfa-12562	188	12	of	of	ADP
cjfa-12562	188	13	the	the	DET
cjfa-12562	188	14	tools	tool	NOUN
cjfa-12562	188	15	,	,	PUNCT
cjfa-12562	188	16	including	include	VERB
cjfa-12562	188	17	:	:	PUNCT
cjfa-12562	188	18	1	1	X
cjfa-12562	188	19	)	)	PUNCT
cjfa-12562	188	20	anchoring	anchor	VERB
cjfa-12562	188	21	in	in	ADP
cjfa-12562	188	22	the	the	DET
cjfa-12562	188	23	euro	euro	NOUN
cjfa-12562	188	24	zone	zone	NOUN
cjfa-12562	188	25	pessimistic	pessimistic	ADJ
cjfa-12562	188	26	expectations	expectation	NOUN
cjfa-12562	188	27	about	about	ADP
cjfa-12562	188	28	the	the	DET
cjfa-12562	188	29	prospects	prospect	NOUN
cjfa-12562	188	30	for	for	ADP
cjfa-12562	188	31	economic	economic	ADJ
cjfa-12562	188	32	growth	growth	NOUN
cjfa-12562	188	33	,	,	PUNCT
cjfa-12562	188	34	as	as	ADP
cjfa-12562	188	35	a	a	DET
cjfa-12562	188	36	result	result	NOUN
cjfa-12562	188	37	of	of	ADP
cjfa-12562	188	38	sluggish	sluggish	ADJ
cjfa-12562	188	39	,	,	PUNCT
cjfa-12562	188	40	late	late	ADJ
cjfa-12562	188	41	and	and	CCONJ
cjfa-12562	188	42	too	too	ADV
cjfa-12562	188	43	weak	weak	ADJ
cjfa-12562	188	44	anti	anti	ADJ
cjfa-12562	188	45	-	-	ADJ
cjfa-12562	188	46	crisis	crisis	ADJ
cjfa-12562	188	47	measures	measure	NOUN
cjfa-12562	188	48	used	use	VERB
cjfa-12562	188	49	by	by	ADP
cjfa-12562	188	50	ecb	ecb	PROPN
cjfa-12562	188	51	,	,	PUNCT
cjfa-12562	188	52	2	2	NUM
cjfa-12562	188	53	)	)	PUNCT
cjfa-12562	188	54	ecb	ecb	NOUN
cjfa-12562	188	55	has	have	AUX
cjfa-12562	188	56	never	never	ADV
cjfa-12562	188	57	defined	define	VERB
cjfa-12562	188	58	desirable	desirable	ADJ
cjfa-12562	188	59	level	level	NOUN
cjfa-12562	188	60	of	of	ADP
cjfa-12562	188	61	key	key	ADJ
cjfa-12562	188	62	real	real	ADJ
cjfa-12562	188	63	medium	medium	ADJ
cjfa-12562	188	64	-	-	PUNCT
cjfa-12562	188	65	term	term	NOUN
cjfa-12562	188	66	indicators	indicator	NOUN
cjfa-12562	188	67	,	,	PUNCT
cjfa-12562	188	68	such	such	ADJ
cjfa-12562	188	69	as	as	ADP
cjfa-12562	188	70	desired	desire	VERB
cjfa-12562	188	71	level	level	NOUN
cjfa-12562	188	72	of	of	ADP
cjfa-12562	188	73	unemployment	unemployment	NOUN
cjfa-12562	188	74	and	and	CCONJ
cjfa-12562	188	75	economic	economic	ADJ
cjfa-12562	188	76	growth	growth	NOUN
cjfa-12562	188	77	,	,	PUNCT
cjfa-12562	188	78	which	which	PRON
cjfa-12562	188	79	would	would	AUX
cjfa-12562	188	80	have	have	AUX
cjfa-12562	188	81	helped	help	VERB
cjfa-12562	188	82	to	to	PART
cjfa-12562	188	83	change	change	VERB
cjfa-12562	188	84	the	the	DET
cjfa-12562	188	85	expectations	expectation	NOUN
cjfa-12562	188	86	,	,	PUNCT
cjfa-12562	188	87	managing	manage	VERB
cjfa-12562	188	88	financial	financial	ADJ
cjfa-12562	188	89	stability	stability	NOUN
cjfa-12562	188	90	by	by	ADP
cjfa-12562	188	91	the	the	DET
cjfa-12562	188	92	european	european	PROPN
cjfa-12562	188	93	central	central	PROPN
cjfa-12562	188	94	bank	bank	PROPN
cjfa-12562	188	95	…	…	PUNCT
cjfa-12562	188	96	71	71	NUM
cjfa-12562	188	97	3	3	NUM
cjfa-12562	188	98	)	)	PUNCT
cjfa-12562	188	99	the	the	DET
cjfa-12562	188	100	inflation	inflation	NOUN
cjfa-12562	188	101	target	target	NOUN
cjfa-12562	188	102	was	be	AUX
cjfa-12562	188	103	treated	treat	VERB
cjfa-12562	188	104	as	as	ADP
cjfa-12562	188	105	the	the	DET
cjfa-12562	188	106	master	master	NOUN
cjfa-12562	188	107	parameter	parameter	NOUN
cjfa-12562	188	108	of	of	ADP
cjfa-12562	188	109	ecb	ecb	PROPN
cjfa-12562	188	110	’s	’s	PART
cjfa-12562	188	111	monetary	monetary	ADJ
cjfa-12562	188	112	policy	policy	NOUN
cjfa-12562	188	113	,	,	PUNCT
cjfa-12562	188	114	which	which	PRON
cjfa-12562	188	115	could	could	AUX
cjfa-12562	188	116	mean	mean	VERB
cjfa-12562	188	117	too	too	ADV
cjfa-12562	188	118	narrow	narrow	ADJ
cjfa-12562	188	119	margin	margin	NOUN
cjfa-12562	188	120	for	for	ADP
cjfa-12562	188	121	growth	growth	NOUN
cjfa-12562	188	122	in	in	ADP
cjfa-12562	188	123	nominal	nominal	ADJ
cjfa-12562	188	124	incomes	income	NOUN
cjfa-12562	188	125	,	,	PUNCT
cjfa-12562	188	126	discouraging	discourage	VERB
cjfa-12562	188	127	business	business	NOUN
cjfa-12562	188	128	entities	entity	NOUN
cjfa-12562	188	129	to	to	PART
cjfa-12562	188	130	plan	plan	VERB
cjfa-12562	188	131	larger	large	ADJ
cjfa-12562	188	132	scale	scale	NOUN
cjfa-12562	188	133	of	of	ADP
cjfa-12562	188	134	production	production	NOUN
cjfa-12562	188	135	,	,	PUNCT
cjfa-12562	188	136	4	4	NUM
cjfa-12562	188	137	)	)	PUNCT
cjfa-12562	188	138	implemented	implement	VERB
cjfa-12562	188	139	programs	program	NOUN
cjfa-12562	188	140	of	of	ADP
cjfa-12562	188	141	security	security	NOUN
cjfa-12562	188	142	purchases	purchase	NOUN
cjfa-12562	188	143	exerted	exert	VERB
cjfa-12562	188	144	only	only	ADJ
cjfa-12562	188	145	temporary	temporary	ADJ
cjfa-12562	188	146	effects	effect	NOUN
cjfa-12562	188	147	on	on	ADP
cjfa-12562	188	148	ecb	ecb	PROPN
cjfa-12562	188	149	’s	’s	PART
cjfa-12562	188	150	balance	balance	NOUN
cjfa-12562	188	151	sheet	sheet	NOUN
cjfa-12562	188	152	and	and	CCONJ
cjfa-12562	188	153	monetary	monetary	ADJ
cjfa-12562	188	154	base	base	NOUN
cjfa-12562	188	155	in	in	ADP
cjfa-12562	188	156	the	the	DET
cjfa-12562	188	157	euro	euro	NOUN
cjfa-12562	188	158	zone	zone	NOUN
cjfa-12562	188	159	,	,	PUNCT
cjfa-12562	188	160	5	5	NUM
cjfa-12562	188	161	)	)	PUNCT
cjfa-12562	188	162	too	too	ADV
cjfa-12562	188	163	early	early	ADJ
cjfa-12562	188	164	termination	termination	NOUN
cjfa-12562	188	165	of	of	ADP
cjfa-12562	188	166	quantitative	quantitative	ADJ
cjfa-12562	188	167	easing	ease	VERB
cjfa-12562	188	168	programs	program	NOUN
cjfa-12562	188	169	could	could	AUX
cjfa-12562	188	170	have	have	VERB
cjfa-12562	188	171	negative	negative	ADJ
cjfa-12562	188	172	impact	impact	NOUN
cjfa-12562	188	173	on	on	ADP
cjfa-12562	188	174	functioning	function	VERB
cjfa-12562	188	175	of	of	ADP
cjfa-12562	188	176	important	important	ADJ
cjfa-12562	188	177	sectors	sector	NOUN
cjfa-12562	188	178	in	in	ADP
cjfa-12562	188	179	the	the	DET
cjfa-12562	188	180	economic	economic	ADJ
cjfa-12562	188	181	market	market	NOUN
cjfa-12562	188	182	,	,	PUNCT
cjfa-12562	188	183	6	6	NUM
cjfa-12562	188	184	)	)	PUNCT
cjfa-12562	188	185	there	there	PRON
cjfa-12562	188	186	is	be	VERB
cjfa-12562	188	187	potential	potential	ADJ
cjfa-12562	188	188	risk	risk	NOUN
cjfa-12562	188	189	of	of	ADP
cjfa-12562	188	190	financial	financial	ADJ
cjfa-12562	188	191	loss	loss	NOUN
cjfa-12562	188	192	by	by	ADP
cjfa-12562	188	193	the	the	DET
cjfa-12562	188	194	ecb	ecb	NOUN
cjfa-12562	188	195	,	,	PUNCT
cjfa-12562	188	196	related	relate	VERB
cjfa-12562	188	197	to	to	ADP
cjfa-12562	188	198	purchase	purchase	NOUN
cjfa-12562	188	199	of	of	ADP
cjfa-12562	188	200	securities	security	NOUN
cjfa-12562	188	201	with	with	ADP
cjfa-12562	188	202	poor	poor	ADJ
cjfa-12562	188	203	quality	quality	NOUN
cjfa-12562	188	204	.	.	PUNCT
cjfa-12562	189	1	however	however	ADV
cjfa-12562	189	2	,	,	PUNCT
cjfa-12562	189	3	given	give	VERB
cjfa-12562	189	4	the	the	DET
cjfa-12562	189	5	fact	fact	NOUN
cjfa-12562	189	6	,	,	PUNCT
cjfa-12562	189	7	that	that	SCONJ
cjfa-12562	189	8	the	the	DET
cjfa-12562	189	9	unconventional	unconventional	ADJ
cjfa-12562	189	10	tools	tool	NOUN
cjfa-12562	189	11	were	be	AUX
cjfa-12562	189	12	used	use	VERB
cjfa-12562	189	13	for	for	ADP
cjfa-12562	189	14	the	the	DET
cjfa-12562	189	15	first	first	ADJ
cjfa-12562	189	16	time	time	NOUN
cjfa-12562	189	17	on	on	ADP
cjfa-12562	189	18	such	such	DET
cjfa-12562	189	19	a	a	DET
cjfa-12562	189	20	big	big	ADJ
cjfa-12562	189	21	scale	scale	NOUN
cjfa-12562	189	22	,	,	PUNCT
cjfa-12562	189	23	it	it	PRON
cjfa-12562	189	24	is	be	AUX
cjfa-12562	189	25	difficult	difficult	ADJ
cjfa-12562	189	26	to	to	PART
cjfa-12562	189	27	predict	predict	VERB
cjfa-12562	189	28	their	their	PRON
cjfa-12562	189	29	negative	negative	ADJ
cjfa-12562	189	30	long	long	ADJ
cjfa-12562	189	31	-	-	PUNCT
cjfa-12562	189	32	term	term	NOUN
cjfa-12562	189	33	effects	effect	NOUN
cjfa-12562	189	34	(	(	PUNCT
cjfa-12562	189	35	bednarczyk	bednarczyk	NOUN
cjfa-12562	189	36	,	,	PUNCT
cjfa-12562	189	37	2015	2015	NUM
cjfa-12562	189	38	,	,	PUNCT
cjfa-12562	189	39	p.	p.	NOUN
cjfa-12562	189	40	97	97	NUM
cjfa-12562	189	41	)	)	PUNCT
cjfa-12562	189	42	.	.	PUNCT
cjfa-12562	190	1	therefore	therefore	ADV
cjfa-12562	190	2	,	,	PUNCT
cjfa-12562	190	3	the	the	DET
cjfa-12562	190	4	overall	overall	ADJ
cjfa-12562	190	5	assessment	assessment	NOUN
cjfa-12562	190	6	of	of	ADP
cjfa-12562	190	7	steps	step	NOUN
cjfa-12562	190	8	undertaken	undertake	VERB
cjfa-12562	190	9	by	by	ADP
cjfa-12562	190	10	the	the	DET
cjfa-12562	190	11	european	european	PROPN
cjfa-12562	190	12	central	central	PROPN
cjfa-12562	190	13	bank	bank	PROPN
cjfa-12562	190	14	in	in	ADP
cjfa-12562	190	15	years	year	NOUN
cjfa-12562	190	16	2008–2012	2008–2012	NUM
cjfa-12562	190	17	should	should	AUX
cjfa-12562	190	18	be	be	AUX
cjfa-12562	190	19	positive	positive	ADJ
cjfa-12562	190	20	.	.	PUNCT
cjfa-12562	191	1	these	these	DET
cjfa-12562	191	2	actions	action	NOUN
cjfa-12562	191	3	have	have	AUX
cjfa-12562	191	4	substantially	substantially	ADV
cjfa-12562	191	5	increased	increase	VERB
cjfa-12562	191	6	liquidity	liquidity	NOUN
cjfa-12562	191	7	in	in	ADP
cjfa-12562	191	8	banking	banking	NOUN
cjfa-12562	191	9	sector	sector	NOUN
cjfa-12562	191	10	and	and	CCONJ
cjfa-12562	191	11	contributed	contribute	VERB
cjfa-12562	191	12	to	to	ADP
cjfa-12562	191	13	avoidance	avoidance	NOUN
cjfa-12562	191	14	of	of	ADP
cjfa-12562	191	15	insolvency	insolvency	NOUN
cjfa-12562	191	16	of	of	ADP
cjfa-12562	191	17	euro	euro	PROPN
cjfa-12562	191	18	area	area	NOUN
cjfa-12562	191	19	countries	country	NOUN
cjfa-12562	191	20	.	.	PUNCT
cjfa-12562	192	1	despite	despite	SCONJ
cjfa-12562	192	2	the	the	DET
cjfa-12562	192	3	fact	fact	NOUN
cjfa-12562	192	4	that	that	SCONJ
cjfa-12562	192	5	the	the	DET
cjfa-12562	192	6	unconventional	unconventional	ADJ
cjfa-12562	192	7	monetary	monetary	ADJ
cjfa-12562	192	8	policy	policy	NOUN
cjfa-12562	192	9	tools	tool	NOUN
cjfa-12562	192	10	have	have	AUX
cjfa-12562	192	11	often	often	ADV
cjfa-12562	192	12	only	only	ADV
cjfa-12562	192	13	mitigate	mitigate	VERB
cjfa-12562	192	14	the	the	DET
cjfa-12562	192	15	negative	negative	ADJ
cjfa-12562	192	16	consequences	consequence	NOUN
cjfa-12562	192	17	,	,	PUNCT
cjfa-12562	192	18	rather	rather	ADV
cjfa-12562	192	19	than	than	ADP
cjfa-12562	192	20	removing	remove	VERB
cjfa-12562	192	21	the	the	DET
cjfa-12562	192	22	source	source	NOUN
cjfa-12562	192	23	of	of	ADP
cjfa-12562	192	24	crisis	crisis	NOUN
cjfa-12562	192	25	,	,	PUNCT
cjfa-12562	192	26	it	it	PRON
cjfa-12562	192	27	should	should	AUX
cjfa-12562	192	28	be	be	AUX
cjfa-12562	192	29	stated	state	VERB
cjfa-12562	192	30	that	that	SCONJ
cjfa-12562	192	31	the	the	DET
cjfa-12562	192	32	european	european	PROPN
cjfa-12562	192	33	central	central	PROPN
cjfa-12562	192	34	bank	bank	PROPN
cjfa-12562	192	35	has	have	AUX
cjfa-12562	192	36	significantly	significantly	ADV
cjfa-12562	192	37	contributed	contribute	VERB
cjfa-12562	192	38	to	to	ADP
cjfa-12562	192	39	maintaining	maintain	VERB
cjfa-12562	192	40	stability	stability	NOUN
cjfa-12562	192	41	in	in	ADP
cjfa-12562	192	42	european	european	ADJ
cjfa-12562	192	43	financial	financial	ADJ
cjfa-12562	192	44	system	system	NOUN
cjfa-12562	192	45	.	.	PUNCT
cjfa-12562	192	46	 	 	SPACE
cjfa-12562	193	1	references	reference	NOUN
cjfa-12562	193	2	bednarczyk	bednarczyk	NOUN
cjfa-12562	193	3	,	,	PUNCT
cjfa-12562	193	4	j.l	j.l	PROPN
cjfa-12562	193	5	.	.	PROPN
cjfa-12562	193	6	(	(	PUNCT
cjfa-12562	193	7	2015	2015	NUM
cjfa-12562	193	8	)	)	PUNCT
cjfa-12562	193	9	.	.	PUNCT
cjfa-12562	194	1	polityka	polityka	ADJ
cjfa-12562	194	2	pieniężna	pieniężna	NOUN
cjfa-12562	194	3	europejskiego	europejskiego	PROPN
cjfa-12562	194	4	banku	banku	PROPN
cjfa-12562	194	5	centralnego	centralnego	PROPN
cjfa-12562	194	6	a	a	DET
cjfa-12562	194	7	zagrożenie	zagrożenie	NOUN
cjfa-12562	194	8	deflacją	deflacją	PROPN
cjfa-12562	194	9	w	w	PROPN
cjfa-12562	194	10	unii	unii	PROPN
cjfa-12562	194	11	europejskiej	europejskiej	PROPN
cjfa-12562	194	12	,	,	PUNCT
cjfa-12562	194	13	http://kolegia.sgh.waw.pl/pl/kes/kwartalnik/	http://kolegia.sgh.waw.pl/pl/kes/kwartalnik/	ADJ
cjfa-12562	194	14	documents	document	NOUN
cjfa-12562	194	15	/	/	SYM
cjfa-12562	194	16	jb231.pdf	jb231.pdf	PROPN
cjfa-12562	194	17	(	(	PUNCT
cjfa-12562	194	18	accessed	access	VERB
cjfa-12562	194	19	:	:	PUNCT
cjfa-12562	194	20	10.10.2016	10.10.2016	NUM
cjfa-12562	194	21	)	)	PUNCT
cjfa-12562	194	22	.	.	PUNCT
cjfa-12562	195	1	bernanke	bernanke	PROPN
cjfa-12562	195	2	,	,	PUNCT
cjfa-12562	195	3	b.s	b.s	PROPN
cjfa-12562	195	4	.	.	PROPN
cjfa-12562	195	5	,	,	PUNCT
cjfa-12562	195	6	reinhart	reinhart	PROPN
cjfa-12562	195	7	,	,	PUNCT
cjfa-12562	195	8	v.r	v.r	PROPN
cjfa-12562	195	9	.	.	PROPN
cjfa-12562	195	10	,	,	PUNCT
cjfa-12562	195	11	sack	sack	NOUN
cjfa-12562	195	12	,	,	PUNCT
cjfa-12562	195	13	b.p	b.p	PROPN
cjfa-12562	195	14	.	.	PROPN
cjfa-12562	195	15	(	(	PUNCT
cjfa-12562	195	16	2004	2004	NUM
cjfa-12562	195	17	)	)	PUNCT
cjfa-12562	195	18	.	.	PUNCT
cjfa-12562	196	1	monetary	monetary	ADJ
cjfa-12562	196	2	policy	policy	NOUN
cjfa-12562	196	3	alternatives	alternative	NOUN
cjfa-12562	196	4	at	at	ADP
cjfa-12562	196	5	the	the	DET
cjfa-12562	196	6	zero	zero	NUM
cjfa-12562	196	7	bound	bind	VERB
cjfa-12562	196	8	:	:	PUNCT
cjfa-12562	196	9	an	an	DET
cjfa-12562	196	10	empirical	empirical	ADJ
cjfa-12562	196	11	assessment	assessment	NOUN
cjfa-12562	196	12	.	.	PUNCT
cjfa-12562	197	1	finance	finance	NOUN
cjfa-12562	197	2	and	and	CCONJ
cjfa-12562	197	3	economics	economic	NOUN
cjfa-12562	197	4	discussion	discussion	NOUN
cjfa-12562	197	5	series	series	NOUN
cjfa-12562	197	6	,	,	PUNCT
cjfa-12562	197	7	48	48	NUM
cjfa-12562	197	8	,	,	PUNCT
cjfa-12562	197	9	washington	washington	PROPN
cjfa-12562	197	10	.	.	PUNCT
cjfa-12562	198	1	bogołębska	bogołębska	PROPN
cjfa-12562	198	2	,	,	PUNCT
cjfa-12562	198	3	j.	j.	PROPN
cjfa-12562	198	4	(	(	PUNCT
cjfa-12562	198	5	2012	2012	NUM
cjfa-12562	198	6	)	)	PUNCT
cjfa-12562	198	7	.	.	PUNCT
cjfa-12562	199	1	instrumenty	instrumenty	PROPN
cjfa-12562	199	2	polityki	polityki	INTJ
cjfa-12562	199	3	pieniężnej	pieniężnej	VERB
cjfa-12562	199	4	europejskiego	europejskiego	PROPN
cjfa-12562	199	5	banku	banku	PROPN
cjfa-12562	199	6	centralnego	centralnego	PROPN
cjfa-12562	200	1	w	w	PROPN
cjfa-12562	200	2	okresie	okresie	PROPN
cjfa-12562	200	3	globalnego	globalnego	PROPN
cjfa-12562	200	4	kryzysu	kryzysu	PROPN
cjfa-12562	200	5	finansowego	finansowego	PROPN
cjfa-12562	200	6	.	.	PUNCT
cjfa-12562	201	1	acta	acta	PROPN
cjfa-12562	201	2	universitatis	universitatis	PROPN
cjfa-12562	201	3	lodziensis	lodziensis	NOUN
cjfa-12562	201	4	,	,	PUNCT
cjfa-12562	201	5	no	no	INTJ
cjfa-12562	201	6	.	.	NOUN
cjfa-12562	201	7	264	264	NUM
cjfa-12562	201	8	.	.	PUNCT
cjfa-12562	202	1	capiga	capiga	PROPN
cjfa-12562	202	2	,	,	PUNCT
cjfa-12562	202	3	m.	m.	NOUN
cjfa-12562	202	4	,	,	PUNCT
cjfa-12562	202	5	gradoń	gradoń	PROPN
cjfa-12562	202	6	,	,	PUNCT
cjfa-12562	202	7	w.	w.	PROPN
cjfa-12562	202	8	,	,	PUNCT
cjfa-12562	202	9	szustak	szustak	NOUN
cjfa-12562	202	10	,	,	PUNCT
cjfa-12562	202	11	g.	g.	PROPN
cjfa-12562	202	12	(	(	PUNCT
cjfa-12562	202	13	2010	2010	NUM
cjfa-12562	202	14	)	)	PUNCT
cjfa-12562	202	15	.	.	PUNCT
cjfa-12562	203	1	sieć	sieć	PROPN
cjfa-12562	203	2	bezpieczeństwa	bezpieczeństwa	PROPN
cjfa-12562	203	3	finansowego	finansowego	PROPN
cjfa-12562	203	4	.	.	PUNCT
cjfa-12562	204	1	warszawa	warszawa	PROPN
cjfa-12562	204	2	:	:	PUNCT
cjfa-12562	204	3	cedewu	cedewu	PROPN
cjfa-12562	204	4	.	.	PUNCT
cjfa-12562	205	1	dobrzańska	dobrzańska	PROPN
cjfa-12562	205	2	,	,	PUNCT
cjfa-12562	205	3	a.	a.	NOUN
cjfa-12562	205	4	(	(	PUNCT
cjfa-12562	205	5	2014	2014	NUM
cjfa-12562	205	6	)	)	PUNCT
cjfa-12562	205	7	.	.	PUNCT
cjfa-12562	206	1	polityka	polityka	ADJ
cjfa-12562	206	2	makroostrożnościowa	makroostrożnościowa	PROPN
cjfa-12562	206	3	–	–	PUNCT
cjfa-12562	206	4	zagadnienia	zagadnienia	NOUN
cjfa-12562	206	5	instytucjonalne	instytucjonalne	PROPN
cjfa-12562	206	6	.	.	PUNCT
cjfa-12562	207	1	teoria	teoria	PROPN
cjfa-12562	207	2	i	i	PRON
cjfa-12562	207	3	dotychczasowe	dotychczasowe	VERB
cjfa-12562	207	4	doświadczenia	doświadczenia	PROPN
cjfa-12562	207	5	w	w	PROPN
cjfa-12562	207	6	unii	unii	PROPN
cjfa-12562	207	7	europejskiej	europejskiej	PROPN
cjfa-12562	207	8	.	.	PUNCT
cjfa-12562	208	1	materiały	materiały	NOUN
cjfa-12562	208	2	i	i	PRON
cjfa-12562	208	3	studia	studia	VERB
cjfa-12562	208	4	,	,	PUNCT
cjfa-12562	208	5	no	no	INTJ
cjfa-12562	208	6	.	.	NOUN
cjfa-12562	208	7	307	307	NUM
cjfa-12562	208	8	,	,	PUNCT
cjfa-12562	208	9	nbp	nbp	PROPN
cjfa-12562	208	10	,	,	PUNCT
cjfa-12562	208	11	warszawa	warszawa	PROPN
cjfa-12562	208	12	.	.	PUNCT
cjfa-12562	209	1	issing	issing	PROPN
cjfa-12562	209	2	,	,	PUNCT
cjfa-12562	209	3	o.	o.	PROPN
cjfa-12562	209	4	(	(	PUNCT
cjfa-12562	209	5	2014	2014	NUM
cjfa-12562	209	6	)	)	PUNCT
cjfa-12562	209	7	.	.	PUNCT
cjfa-12562	210	1	forward	forward	ADJ
cjfa-12562	210	2	guidance	guidance	NOUN
cjfa-12562	210	3	.	.	PUNCT
cjfa-12562	211	1	a	a	DET
cjfa-12562	211	2	new	new	ADJ
cjfa-12562	211	3	challenge	challenge	NOUN
cjfa-12562	211	4	for	for	ADP
cjfa-12562	211	5	central	central	ADJ
cjfa-12562	211	6	banks	bank	NOUN
cjfa-12562	211	7	.	.	PUNCT
cjfa-12562	212	1	safe	safe	ADJ
cjfa-12562	212	2	white	white	PROPN
cjfa-12562	212	3	paper	paper	PROPN
cjfa-12562	212	4	series	series	NOUN
cjfa-12562	212	5	,	,	PUNCT
cjfa-12562	212	6	no	no	INTJ
cjfa-12562	212	7	.	.	PROPN
cjfa-12562	212	8	16	16	NUM
cjfa-12562	212	9	.	.	PUNCT
cjfa-12562	213	1	janus	janus	PROPN
cjfa-12562	213	2	,	,	PUNCT
cjfa-12562	213	3	j.	j.	PROPN
cjfa-12562	213	4	(	(	PUNCT
cjfa-12562	213	5	2013	2013	NUM
cjfa-12562	213	6	)	)	PUNCT
cjfa-12562	213	7	.	.	PUNCT
cjfa-12562	214	1	niekonwencjonalna	niekonwencjonalna	VERB
cjfa-12562	214	2	polityka	polityka	ADJ
cjfa-12562	214	3	pieniężna	pieniężna	NOUN
cjfa-12562	214	4	głównych	głównych	PROPN
cjfa-12562	214	5	banków	banków	ADP
cjfa-12562	214	6	centralnych	centralnych	PROPN
cjfa-12562	214	7	–	–	PUNCT
cjfa-12562	214	8	diagnoza	diagnoza	NOUN
cjfa-12562	214	9	korzyści	korzyści	PROPN
cjfa-12562	215	1	i	i	PROPN
cjfa-12562	215	2	zagrożeń	zagrożeń	PROPN
cjfa-12562	215	3	,	,	PUNCT
cjfa-12562	215	4	ix	ix	PROPN
cjfa-12562	215	5	kongres	kongres	PROPN
cjfa-12562	215	6	ekonomistów	ekonomistów	PROPN
cjfa-12562	215	7	polskich	polskich	PROPN
cjfa-12562	215	8	.	.	PUNCT
cjfa-12562	216	1	radosław	radosław	PROPN
cjfa-12562	216	2	ciukaj72	ciukaj72	PROPN
cjfa-12562	216	3	kałuzińska	kałuzińska	PROPN
cjfa-12562	216	4	,	,	PUNCT
cjfa-12562	216	5	v.	v.	PROPN
cjfa-12562	216	6	(	(	PUNCT
cjfa-12562	216	7	2009	2009	NUM
cjfa-12562	216	8	)	)	PUNCT
cjfa-12562	216	9	.	.	PUNCT
cjfa-12562	217	1	bank	bank	NOUN
cjfa-12562	217	2	centralny	centralny	PROPN
cjfa-12562	217	3	wobec	wobec	PROPN
cjfa-12562	217	4	kwestii	kwestii	PROPN
cjfa-12562	217	5	stabilności	stabilności	PROPN
cjfa-12562	217	6	systemu	systemu	PROPN
cjfa-12562	217	7	finansowego	finansowego	PROPN
cjfa-12562	217	8	.	.	PUNCT
cjfa-12562	218	1	ruch	ruch	PROPN
cjfa-12562	218	2	prawniczy	prawniczy	PROPN
cjfa-12562	218	3	,	,	PUNCT
cjfa-12562	218	4	ekonomiczny	ekonomiczny	PROPN
cjfa-12562	218	5	i	i	PROPN
cjfa-12562	218	6	socjologiczny	socjologiczny	PROPN
cjfa-12562	218	7	,	,	PUNCT
cjfa-12562	218	8	no	no	INTJ
cjfa-12562	218	9	.	.	NOUN
cjfa-12562	218	10	1	1	X
cjfa-12562	218	11	.	.	X
cjfa-12562	218	12	kapuściński	kapuściński	PROPN
cjfa-12562	218	13	,	,	PUNCT
cjfa-12562	218	14	m.	m.	NOUN
cjfa-12562	218	15	,	,	PUNCT
cjfa-12562	218	16	łyziak	łyziak	PROPN
cjfa-12562	218	17	,	,	PUNCT
cjfa-12562	218	18	t.	t.	PROPN
cjfa-12562	218	19	,	,	PUNCT
cjfa-12562	218	20	przystupa	przystupa	PROPN
cjfa-12562	218	21	j.	j.	PROPN
cjfa-12562	218	22	,	,	PUNCT
cjfa-12562	218	23	stanisławska	stanisławska	PROPN
cjfa-12562	218	24	,	,	PUNCT
cjfa-12562	218	25	e.	e.	PROPN
cjfa-12562	218	26	,	,	PUNCT
cjfa-12562	218	27	sznajderska	sznajderska	PROPN
cjfa-12562	218	28	,	,	PUNCT
cjfa-12562	218	29	a.	a.	NOUN
cjfa-12562	218	30	,	,	PUNCT
cjfa-12562	218	31	wróbel	wróbel	PROPN
cjfa-12562	218	32	,	,	PUNCT
cjfa-12562	218	33	e.	e.	PROPN
cjfa-12562	218	34	(	(	PUNCT
cjfa-12562	218	35	2014	2014	NUM
cjfa-12562	218	36	)	)	PUNCT
cjfa-12562	218	37	.	.	PUNCT
cjfa-12562	219	1	mechanizm	mechanizm	PROPN
cjfa-12562	219	2	transmisji	transmisji	NOUN
cjfa-12562	219	3	polityki	polityki	NOUN
cjfa-12562	219	4	pieniężnej	pieniężnej	VERB
cjfa-12562	219	5	w	w	PROPN
cjfa-12562	219	6	polsce	polsce	PROPN
cjfa-12562	219	7	.	.	PUNCT
cjfa-12562	220	1	co	co	PROPN
cjfa-12562	220	2	wiemy	wiemy	PROPN
cjfa-12562	220	3	w	w	PROPN
cjfa-12562	220	4	2013	2013	NUM
cjfa-12562	220	5	roku	roku	NOUN
cjfa-12562	220	6	?	?	PUNCT
cjfa-12562	221	1	materiały	materiały	NOUN
cjfa-12562	221	2	i	i	PRON
cjfa-12562	221	3	studia	studia	VERB
cjfa-12562	221	4	,	,	PUNCT
cjfa-12562	221	5	no	no	INTJ
cjfa-12562	221	6	.	.	NOUN
cjfa-12562	221	7	306	306	NUM
cjfa-12562	221	8	,	,	PUNCT
cjfa-12562	221	9	nbp	nbp	PROPN
cjfa-12562	221	10	.	.	PROPN
cjfa-12562	221	11	lenza	lenza	PROPN
cjfa-12562	221	12	,	,	PUNCT
cjfa-12562	221	13	m.	m.	NOUN
cjfa-12562	221	14	,	,	PUNCT
cjfa-12562	221	15	pill	pill	NOUN
cjfa-12562	221	16	,	,	PUNCT
cjfa-12562	221	17	h.	h.	PROPN
cjfa-12562	221	18	,	,	PUNCT
cjfa-12562	221	19	reichlin	reichlin	PROPN
cjfa-12562	221	20	,	,	PUNCT
cjfa-12562	221	21	l.	l.	PROPN
cjfa-12562	221	22	(	(	PUNCT
cjfa-12562	221	23	2010	2010	NUM
cjfa-12562	221	24	)	)	PUNCT
cjfa-12562	221	25	.	.	PUNCT
cjfa-12562	222	1	monetary	monetary	ADJ
cjfa-12562	222	2	policy	policy	NOUN
cjfa-12562	222	3	in	in	ADP
cjfa-12562	222	4	exceptional	exceptional	ADJ
cjfa-12562	222	5	times	time	NOUN
cjfa-12562	222	6	.	.	PUNCT
cjfa-12562	223	1	working	work	VERB
cjfa-12562	223	2	paper	paper	NOUN
cjfa-12562	223	3	series	series	NOUN
cjfa-12562	223	4	,	,	PUNCT
cjfa-12562	223	5	no	no	INTJ
cjfa-12562	223	6	.	.	NOUN
cjfa-12562	223	7	1253	1253	NUM
cjfa-12562	223	8	,	,	PUNCT
cjfa-12562	223	9	ebc	ebc	PROPN
cjfa-12562	223	10	.	.	PUNCT
cjfa-12562	224	1	myślak	myślak	PROPN
cjfa-12562	224	2	,	,	PUNCT
cjfa-12562	224	3	e.	e.	PROPN
cjfa-12562	224	4	(	(	PUNCT
cjfa-12562	224	5	2013	2013	NUM
cjfa-12562	224	6	)	)	PUNCT
cjfa-12562	224	7	.	.	PUNCT
cjfa-12562	225	1	narodowy	narodowy	PROPN
cjfa-12562	225	2	bank	bank	PROPN
cjfa-12562	225	3	polski	polski	PROPN
cjfa-12562	225	4	w	w	PROPN
cjfa-12562	225	5	systemie	systemie	PROPN
cjfa-12562	225	6	ustrojowym	ustrojowym	PROPN
cjfa-12562	225	7	rzeczpospolitej	rzeczpospolitej	PROPN
cjfa-12562	225	8	polskiej	polskiej	PROPN
cjfa-12562	225	9	.	.	PUNCT
cjfa-12562	226	1	kraków	kraków	PROPN
cjfa-12562	226	2	:	:	PUNCT
cjfa-12562	226	3	wydawnictwo	wydawnictwo	PROPN
cjfa-12562	226	4	uniwersytetu	uniwersytetu	PROPN
cjfa-12562	226	5	jagiellońskiego	jagiellońskiego	PROPN
cjfa-12562	226	6	.	.	PUNCT
cjfa-12562	227	1	niczyporuk	niczyporuk	PROPN
cjfa-12562	227	2	,	,	PUNCT
cjfa-12562	227	3	p.	p.	PROPN
cjfa-12562	227	4	,	,	PUNCT
cjfa-12562	227	5	talecka	talecka	PROPN
cjfa-12562	227	6	,	,	PUNCT
cjfa-12562	227	7	a.	a.	NOUN
cjfa-12562	227	8	(	(	PUNCT
cjfa-12562	227	9	2010	2010	NUM
cjfa-12562	227	10	)	)	PUNCT
cjfa-12562	227	11	.	.	PUNCT
cjfa-12562	228	1	bankowość	bankowość	NOUN
cjfa-12562	228	2	unii	unii	PROPN
cjfa-12562	228	3	europejskiej	europejskiej	PROPN
cjfa-12562	228	4	.	.	PUNCT
cjfa-12562	229	1	białystok	białystok	PROPN
cjfa-12562	229	2	:	:	PUNCT
cjfa-12562	229	3	temida	temida	PROPN
cjfa-12562	229	4	2	2	NUM
cjfa-12562	229	5	.	.	PUNCT
cjfa-12562	229	6	pronobis	pronobis	PROPN
cjfa-12562	229	7	,	,	PUNCT
cjfa-12562	229	8	m.	m.	NOUN
cjfa-12562	229	9	(	(	PUNCT
cjfa-12562	229	10	2014	2014	NUM
cjfa-12562	229	11	)	)	PUNCT
cjfa-12562	229	12	.	.	PUNCT
cjfa-12562	230	1	rola	rola	PROPN
cjfa-12562	230	2	polityki	polityki	PROPN
cjfa-12562	230	3	europejskiego	europejskiego	PROPN
cjfa-12562	230	4	banku	banku	PROPN
cjfa-12562	230	5	centralnego	centralnego	PROPN
cjfa-12562	230	6	w	w	PROPN
cjfa-12562	230	7	zarzadzaniu	zarzadzaniu	NUM
cjfa-12562	230	8	antykryzysowym	antykryzysowym	PROPN
cjfa-12562	230	9	w	w	PROPN
cjfa-12562	230	10	europie	europie	ADJ
cjfa-12562	230	11	.	.	PUNCT
cjfa-12562	231	1	zeszyt	zeszyt	X
cjfa-12562	231	2	naukowy	naukowy	PROPN
cjfa-12562	231	3	,	,	PUNCT
cjfa-12562	231	4	no	no	INTJ
cjfa-12562	231	5	.	.	NOUN
cjfa-12562	231	6	58	58	NUM
cjfa-12562	231	7	,	,	PUNCT
cjfa-12562	231	8	warszawa	warszawa	PROPN
cjfa-12562	231	9	:	:	PUNCT
cjfa-12562	231	10	centrum	centrum	PROPN
cjfa-12562	232	1	europejskie	europejskie	PROPN
cjfa-12562	233	1	natolin	natolin	PROPN
cjfa-12562	233	2	.	.	PUNCT
cjfa-12562	234	1	przybylskakapuścińska	przybylskakapuścińska	PROPN
cjfa-12562	234	2	,	,	PUNCT
cjfa-12562	234	3	w.	w.	PROPN
cjfa-12562	234	4	(	(	PUNCT
cjfa-12562	234	5	2012	2012	NUM
cjfa-12562	234	6	)	)	PUNCT
cjfa-12562	234	7	.	.	PUNCT
cjfa-12562	235	1	problemy	problemy	PROPN
cjfa-12562	235	2	polityki	polityki	PROPN
cjfa-12562	235	3	pieniężnej	pieniężnej	VERB
cjfa-12562	235	4	banków	banków	PROPN
cjfa-12562	235	5	centralnych	centralnych	PROPN
cjfa-12562	235	6	w	w	PROPN
cjfa-12562	235	7	okresie	okresie	PROPN
cjfa-12562	235	8	kryzysu	kryzysu	PROPN
cjfa-12562	235	9	.	.	PUNCT
cjfa-12562	236	1	ekonomia	ekonomia	PROPN
cjfa-12562	236	2	i	i	PRON
cjfa-12562	236	3	prawo	prawo	PROPN
cjfa-12562	236	4	,	,	PUNCT
cjfa-12562	236	5	10(3	10(3	NUM
cjfa-12562	236	6	)	)	PUNCT
cjfa-12562	236	7	.	.	PUNCT
cjfa-12562	237	1	szczepańska	szczepańska	PROPN
cjfa-12562	237	2	,	,	PUNCT
cjfa-12562	237	3	o.	o.	PROPN
cjfa-12562	237	4	(	(	PUNCT
cjfa-12562	237	5	2007	2007	NUM
cjfa-12562	237	6	)	)	PUNCT
cjfa-12562	237	7	.	.	PUNCT
cjfa-12562	238	1	rola	rola	PROPN
cjfa-12562	238	2	banku	banku	PROPN
cjfa-12562	238	3	centralnego	centralnego	PROPN
cjfa-12562	238	4	w	w	PROPN
cjfa-12562	238	5	sieci	sieci	PROPN
cjfa-12562	238	6	bezpieczeństwa	bezpieczeństwa	NOUN
cjfa-12562	238	7	finansowego	finansowego	PROPN
cjfa-12562	238	8	.	.	PUNCT
cjfa-12562	239	1	bezpieczny	bezpieczny	PROPN
cjfa-12562	239	2	bank	bank	PROPN
cjfa-12562	239	3	,	,	PUNCT
cjfa-12562	239	4	no	no	INTJ
cjfa-12562	239	5	.	.	NOUN
cjfa-12562	239	6	2	2	NUM
cjfa-12562	239	7	,	,	PUNCT
cjfa-12562	239	8	bfg	bfg	PROPN
cjfa-12562	239	9	.	.	PUNCT
cjfa-12562	240	1	szczepańska	szczepańska	PROPN
cjfa-12562	240	2	,	,	PUNCT
cjfa-12562	240	3	o.	o.	PROPN
cjfa-12562	240	4	(	(	PUNCT
cjfa-12562	240	5	2008	2008	NUM
cjfa-12562	240	6	)	)	PUNCT
cjfa-12562	240	7	.	.	PUNCT
cjfa-12562	241	1	stabilność	stabilność	PROPN
cjfa-12562	241	2	finansowa	finansowa	PROPN
cjfa-12562	241	3	jako	jako	PROPN
cjfa-12562	241	4	cel	cel	PROPN
cjfa-12562	241	5	banku	banku	PROPN
cjfa-12562	241	6	centralnego	centralnego	PROPN
cjfa-12562	241	7	,	,	PUNCT
cjfa-12562	241	8	studium	studium	PROPN
cjfa-12562	241	9	teoretyczno	teoretyczno	NOUN
cjfa-12562	241	10	-	-	PUNCT
cjfa-12562	241	11	porównawcze	porównawcze	NOUN
cjfa-12562	241	12	.	.	PUNCT
cjfa-12562	242	1	warszawa	warszawa	PROPN
cjfa-12562	242	2	:	:	PUNCT
cjfa-12562	242	3	wydawnictwo	wydawnictwo	ADJ
cjfa-12562	242	4	naukowe	naukowe	NOUN
cjfa-12562	242	5	scholar	scholar	NOUN
cjfa-12562	242	6	.	.	PUNCT
cjfa-12562	243	1	traktat	traktat	NOUN
cjfa-12562	243	2	o	o	NOUN
cjfa-12562	243	3	funkcjonowaniu	funkcjonowaniu	NOUN
cjfa-12562	243	4	unii	unii	PROPN
cjfa-12562	243	5	europejskiej	europejskiej	PROPN
cjfa-12562	243	6	,	,	PUNCT
cjfa-12562	243	7	dz	dz	PROPN
cjfa-12562	243	8	.	.	PUNCT
cjfa-12562	243	9	u	u	PROPN
cjfa-12562	243	10	.z	.z	PROPN
cjfa-12562	243	11	2012	2012	NUM
cjfa-12562	243	12	,	,	PUNCT
cjfa-12562	243	13	poz.0001	poz.0001	NUM
cjfa-12562	243	14	-	-	SYM
cjfa-12562	243	15	0390	0390	NUM
cjfa-12562	243	16	.	.	PUNCT
cjfa-12562	244	1	żywiecka	żywiecka	PROPN
cjfa-12562	244	2	,	,	PUNCT
cjfa-12562	244	3	h.	h.	PROPN
cjfa-12562	244	4	(	(	PUNCT
cjfa-12562	244	5	2010	2010	NUM
cjfa-12562	244	6	)	)	PUNCT
cjfa-12562	244	7	.	.	PUNCT
cjfa-12562	245	1	stabilność	stabilność	PROPN
cjfa-12562	245	2	finansowa	finansowa	PROPN
cjfa-12562	245	3	jako	jako	PROPN
cjfa-12562	245	4	cel	cel	PROPN
cjfa-12562	245	5	współczesnego	współczesnego	PROPN
cjfa-12562	245	6	banku	banku	PROPN
cjfa-12562	245	7	centralnego	centralnego	PROPN
cjfa-12562	245	8	.	.	PUNCT
cjfa-12562	246	1	bezpieczny	bezpieczny	PROPN
cjfa-12562	246	2	bank	bank	PROPN
cjfa-12562	246	3	,	,	PUNCT
cjfa-12562	246	4	no	no	INTJ
cjfa-12562	246	5	.	.	NOUN
cjfa-12562	247	1	3	3	X
cjfa-12562	247	2	.	.	X
cjfa-12562	247	3	żywiecka	żywiecka	PROPN
cjfa-12562	247	4	,	,	PUNCT
cjfa-12562	247	5	h.	h.	PROPN
cjfa-12562	247	6	(	(	PUNCT
cjfa-12562	247	7	2014	2014	NUM
cjfa-12562	247	8	)	)	PUNCT
cjfa-12562	247	9	.	.	PUNCT
cjfa-12562	248	1	niestandardowe	niestandardowe	PROPN
cjfa-12562	248	2	działania	działania	PROPN
cjfa-12562	248	3	banków	banków	PROPN
cjfa-12562	248	4	centralnych	centralnych	PROPN
cjfa-12562	248	5	w	w	PROPN
cjfa-12562	248	6	warunkach	warunkach	PROPN
cjfa-12562	248	7	globalnego	globalnego	PROPN
cjfa-12562	248	8	kryzysu	kryzysu	PROPN
cjfa-12562	248	9	finansowego	finansowego	PROPN
cjfa-12562	248	10	.	.	PUNCT
cjfa-12562	249	1	warszawa	warszawa	PROPN
cjfa-12562	249	2	:	:	PUNCT
cjfa-12562	249	3	cedewu	cedewu	NOUN
cjfa-12562	249	4	.	.	PUNCT
cjfa-12562	250	1	http://www.ecb.europa.eu/mopo/pdf/150202_faq_cbpp3.pdf	http://www.ecb.europa.eu/mopo/pdf/150202_faq_cbpp3.pdf	PROPN
cjfa-12562	250	2	(	(	PUNCT
cjfa-12562	250	3	2014	2014	NUM
cjfa-12562	250	4	)	)	PUNCT
cjfa-12562	250	5	(	(	PUNCT
cjfa-12562	250	6	accessed	access	VERB
cjfa-12562	250	7	:	:	PUNCT
cjfa-12562	250	8	15.10	15.10	NUM
cjfa-12562	250	9	.	.	NOUN
cjfa-12562	250	10	2016	2016	NUM
cjfa-12562	250	11	)	)	PUNCT
cjfa-12562	250	12	.	.	PUNCT
cjfa-12562	251	1	http://www.ecb.europa.eu/pub/pdf/other/mb201201_focus04.en.pdf	http://www.ecb.europa.eu/pub/pdf/other/mb201201_focus04.en.pdf	NOUN
cjfa-12562	251	2	(	(	PUNCT
cjfa-12562	251	3	2012	2012	NUM
cjfa-12562	251	4	)	)	PUNCT
cjfa-12562	251	5	(	(	PUNCT
cjfa-12562	251	6	accessed	access	VERB
cjfa-12562	251	7	:	:	PUNCT
cjfa-12562	251	8	16.10.2016	16.10.2016	NUM
cjfa-12562	251	9	)	)	PUNCT
cjfa-12562	251	10	.	.	PUNCT
cjfa-12562	252	1	https://placeduluxembourg.wordpress.com/2012/02/22/ecb-market-intervention-covered-bond-purchasing-programme-cbpp/	https://placeduluxembourg.wordpress.com/2012/02/22/ecb-market-intervention-covered-bond-purchasing-programme-cbpp/	PROPN
cjfa-12562	252	2	(	(	PUNCT
cjfa-12562	252	3	2012a	2012a	NUM
cjfa-12562	252	4	)	)	PUNCT
cjfa-12562	252	5	(	(	PUNCT
cjfa-12562	252	6	accessed	access	VERB
cjfa-12562	252	7	:	:	PUNCT
cjfa-12562	252	8	12.10.2016	12.10.2016	NUM
cjfa-12562	252	9	)	)	PUNCT
cjfa-12562	252	10	.	.	PUNCT
cjfa-12562	253	1	https://placeduluxembourg.wordpress.com/2012/03/02/ecb-market-intervention-thesecurities-market-programme-smp/(2012b	https://placeduluxembourg.wordpress.com/2012/03/02/ecb-market-intervention-thesecurities-market-programme-smp/(2012b	NOUN
cjfa-12562	253	2	)	)	PUNCT
cjfa-12562	254	1	(	(	PUNCT
cjfa-12562	254	2	accessed	access	VERB
cjfa-12562	254	3	:	:	PUNCT
cjfa-12562	254	4	12.10.2016	12.10.2016	NUM
cjfa-12562	254	5	)	)	PUNCT
cjfa-12562	254	6	.	.	PUNCT
cjfa-12562	255	1	https://www.ecb.europa.eu/ecb/tasks/stability/html/index.pl.html	https://www.ecb.europa.eu/ecb/tasks/stability/html/index.pl.html	PROPN
cjfa-12562	255	2	(	(	PUNCT
cjfa-12562	255	3	2016b	2016b	NUM
cjfa-12562	255	4	)	)	PUNCT
cjfa-12562	255	5	(	(	PUNCT
cjfa-12562	255	6	accessed	access	VERB
cjfa-12562	255	7	:	:	PUNCT
cjfa-12562	255	8	20.09.2016	20.09.2016	NUM
cjfa-12562	255	9	)	)	PUNCT
cjfa-12562	255	10	.	.	PUNCT
cjfa-12562	256	1	https://www.ecb.europa.eu/press/pr/date/2011/html/pr111103_1.en.html	https://www.ecb.europa.eu/press/pr/date/2011/html/pr111103_1.en.html	PROPN
cjfa-12562	256	2	.	.	PUNCT
cjfa-12562	256	3	(	(	PUNCT
cjfa-12562	256	4	2011b	2011b	NUM
cjfa-12562	256	5	)	)	PUNCT
cjfa-12562	256	6	(	(	PUNCT
cjfa-12562	256	7	accessed	access	VERB
cjfa-12562	256	8	:	:	PUNCT
cjfa-12562	256	9	14.10.2016	14.10.2016	NUM
cjfa-12562	256	10	)	)	PUNCT
cjfa-12562	256	11	.	.	PUNCT
cjfa-12562	257	1	https://www.ecb.europa.eu/press/pressconf/2008/html/is080703.en.html	https://www.ecb.europa.eu/press/pressconf/2008/html/is080703.en.html	PROPN
cjfa-12562	257	2	(	(	PUNCT
cjfa-12562	257	3	2008	2008	NUM
cjfa-12562	257	4	)	)	PUNCT
cjfa-12562	257	5	(	(	PUNCT
cjfa-12562	257	6	accessed	access	VERB
cjfa-12562	257	7	:	:	PUNCT
cjfa-12562	257	8	05.10.2016	05.10.2016	PROPN
cjfa-12562	257	9	)	)	PUNCT
cjfa-12562	257	10	.	.	PUNCT
cjfa-12562	258	1	https://www.ecb.europa.eu/press/pressconf/2011/html/is110407.en.html	https://www.ecb.europa.eu/press/pressconf/2011/html/is110407.en.html	PROPN
cjfa-12562	258	2	(	(	PUNCT
cjfa-12562	258	3	2011a	2011a	NUM
cjfa-12562	258	4	)	)	PUNCT
cjfa-12562	258	5	(	(	PUNCT
cjfa-12562	258	6	accessed	access	VERB
cjfa-12562	258	7	:	:	PUNCT
cjfa-12562	258	8	05.10.2016	05.10.2016	PROPN
cjfa-12562	258	9	)	)	PUNCT
cjfa-12562	258	10	.	.	PUNCT
cjfa-12562	259	1	www.bis.org/review/r080610a.pdf	www.bis.org/review/r080610a.pdf	PROPN
cjfa-12562	259	2	(	(	PUNCT
cjfa-12562	259	3	2008	2008	NUM
cjfa-12562	259	4	)	)	PUNCT
cjfa-12562	259	5	(	(	PUNCT
cjfa-12562	259	6	accessed	access	VERB
cjfa-12562	259	7	:	:	PUNCT
cjfa-12562	259	8	26.09.2016	26.09.2016	NUM
cjfa-12562	259	9	)	)	PUNCT
cjfa-12562	259	10	.	.	PUNCT
cjfa-12562	260	1	www.ecb.europa.eu/stats/monetary/rates/html/index.en.html	www.ecb.europa.eu/stats/monetary/rates/html/index.en.html	NOUN
cjfa-12562	260	2	(	(	PUNCT
cjfa-12562	260	3	2016a	2016a	NUM
cjfa-12562	260	4	)	)	PUNCT
cjfa-12562	260	5	(	(	PUNCT
cjfa-12562	260	6	accessed	access	VERB
cjfa-12562	260	7	:	:	PUNCT
cjfa-12562	260	8	28.09	28.09	NUM
cjfa-12562	260	9	.	.	NOUN
cjfa-12562	260	10	2016	2016	NUM
cjfa-12562	260	11	)	)	PUNCT
cjfa-12562	260	12	.	.	PUNCT