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Efficiency And Limits Of Monetary Policy In The Financial Instability. Romania's Case

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Executive Summary

The world has evolved from closed and dogmatically economies toward open and flexible actual economies, in the same time adjusting concepts regarding general objectives of economic policy. It is recognized more and more the role of monetary policy as a tool of indirect intervention, most often used by modern authorities, initially as an intervention through the currency on the currency and then toward the entire economic system. Through its sphere of action monetary policy aims to achieve monetary equilibrium both in internal and international relationships.

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