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The Secular Influence Of The Rate Of Reference On The Economic Policies

Author

Listed:
  • Emilian M.DOBRESCU

    (Institute of National Economy)

Abstract

Having as starting point Radu Stoenescu’s book with respect to discount, and the difficulty in defining discount, we pursue to clarify this category and other associated ones, such as reference rate, discount rate, re-discount and its rate, in a historical and actual approach. The purpose is to demonstrate that the monetary policy about discount influences the economic policies and that is why it must be altered and guided in accordance with the changes of current economic-financial activity.

Suggested Citation

  • Emilian M.DOBRESCU, 2005. "The Secular Influence Of The Rate Of Reference On The Economic Policies," Romanian Journal of Economics, Institute of National Economy, vol. 21(2(30)), pages 63-71, December.
    • Handle: RePEc:ine:journl:tome:21:y:2005(xv):i:2(30):p:63-71
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    More about this item

    Keywords

    economic policies; discount; monetary policy;
    All these keywords.

    JEL classification:

    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General

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