Noi Abordări Ale Politicii Monetare (New Approaches to Monetary Policy)

6 Pages Posted: 13 Apr 2015

See all articles by Razvan Stefanescu

Razvan Stefanescu

University Dunarea De Jos Galati

Ramona Dumitriu

University Dunarea De Jos Galati

Date Written: April 29, 2005

Abstract

Romanian Abstract: Această lucrare studiază unele schimbări importante intervenite în politica monetară începând cu sfârşitul secolului trecut. Sunt abordate principalele procese care au cauzat aceste schimbări: dezvoltarea inovaţiilor financiare, liberalizarea pieţelor financiare, evoluţia monedei euro şi tranziţia către economia de piaţă. Sunt abordate, de asemenea, unele aspecte ale politicii monetare afectate direct de aceste procese: schimbări în alegerea ţintelor intermediare, politica monetară a Băncii Centrale Europene şi stabilizarea monetară din fostele ţări socialiste.

English Abstract: This paper explores some important changes suffered by the monetary policy from the end of the last century. It approaches the main processes that caused the changes: the development of the financial innovations, the financial markets liberalization, the evolution of euro and the transition to a market economy. It also approaches some aspects of the monetary policy which were directly affected by these processes: the choice of the intermediate targets, the monetary policy of the European Central Bank and the monetary stabilization for the former socialist countries.

Note: Downloadable document is in Romanian.

Keywords: Monetary Policy, Objective of Macroeconomic Policies, Monetary Instruments

JEL Classification: E52, E58, E59

Suggested Citation

Stefanescu, Razvan and Dumitriu, Ramona, Noi Abordări Ale Politicii Monetare (New Approaches to Monetary Policy) (April 29, 2005). Available at SSRN: https://ssrn.com/abstract=2593574 or http://dx.doi.org/10.2139/ssrn.2593574

Razvan Stefanescu (Contact Author)

University Dunarea De Jos Galati ( email )

Str. Domnească, nr. 47
Galati, 800008
Romania

Ramona Dumitriu

University Dunarea De Jos Galati ( email )

Romania

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