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Influence Of Price And Financial Stability Over The Price In Tourism

Author

Listed:
  • Roxana Ispas
  • Roxana Marinescu

    (University of Craiova Faculty of Economics and Business Administration)

Abstract

The paper presents the rationale underlying the choice of price stability as the primary objective of monetary policy and examines the connections between price stability and financial stability, there being analyzed also the influence over the prices in tourism. Price stability is essentially the primary responsibility of central banks as sustainable growth can only be achieved through low prices and their small fluctuations. Also, central banks play a role in financial stability, which I define as the feature of the financial system to face the systemic shocks on a sustainable basis and without major disruptions, to efficiently allocate financial resources in the economy and identify and effectively manage the risks.

Suggested Citation

  • Roxana Ispas & Roxana Marinescu, 2013. "Influence Of Price And Financial Stability Over The Price In Tourism," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 1(41), pages 213-217.
    • Handle: RePEc:aio:aucsse:v:1:y:2013:i:41:p:213-217
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    File URL: http://feaa.ucv.ro/AUCSSE/0041v1-031.pdf
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    More about this item

    Keywords

    financial stability; price stability; sustainable economic growth; consumer prices; tour operators;
    All these keywords.

    JEL classification:

    • E1 - Macroeconomics and Monetary Economics - - General Aggregative Models
    • M51 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Firm Employment Decisions; Promotions

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