Politica monetara în sistemele financiare moderne

Paun, Cristian (2012): Politica monetara în sistemele financiare moderne.

Abstract

Monetary policy is one of the most sensitive problems in the modern financial systems. Money production of central banks and commercial banks generates a lot of problems in the prices mechanism, structure of production and is the major source of error in entrepreneurial decision. This paper discuss the major problems with modern monetary policies regarding: concept and function of money as a medium of exchange, (non)neutrality of money, independence of central banks, ineffectiveness of some specific monetary tools like inflation targeting is. There are a lot of mistakes produced from a long time that influenced and continue to influence the (in)stability of financial systems.

• Item Type: MPRA Paper
• English Title: Monetary policy in modern financial systems
• Language: Romanian
• Keywords: Monetary policy, Central Banks, fiat money, fractional reserve system
• Subjects: B - History of Economic Thought, Methodology, and Heterodox Approaches > B2 - History of Economic Thought since 1925 > B22 - Macroeconomics; G - Financial Economics > G0 - General > G01 - Financial Crises; G - Financial Economics > G2 - Financial Institutions and Services > G21 - Banks ; Depository Institutions ; Micro Finance Institutions ; Mortgages

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