IDEAS home Printed from https://ideas.repec.org/a/jes/wpaper/y2013v5i4p556-566.html
   My bibliography  Save this article

Monetary Policy Under The Impact Of The Current Global Crisis

Author

Listed:
  • Zina Marcu (Cioran)

    (Alexandru Ioan Cuza University of Iasi, Romania)

Abstract

The issue of the financial crisis draws more and more the specialists’ attention. The monetary policy has a decisive role in monitoring and reducing the inflationary phenomenon as much as possible, since it can become a real danger for an economy during a period of crisis. Inflation is a negative thing that affects the economy. It discourages the investments and the economic growth. The aim of this paper is to find the Central Bank’s economic instruments and levers that can contribute to price stability in the economy. It was found that the elaboration of a measure of monetary policy with a restrictive feature can contribute to price stability on long term, but we should take into account the macroeconomic context in which it is applied.

Suggested Citation

  • Zina Marcu (Cioran), 2013. "Monetary Policy Under The Impact Of The Current Global Crisis," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 5(4), pages 556-566, December.
    • Handle: RePEc:jes:wpaper:y:2013:v:5:i:4:p:556-566
    as

    Download full text from publisher

    File URL: http://www.ceswp.uaic.ro/articles/CESWP2013_V4_MAR.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Silviu CERNA, 2012. "The Monetary Policy in Post Crisis Period," Timisoara Journal of Economics, West University of Timisoara, Romania, Faculty of Economics and Business Administration, vol. 5(17), pages 58-78.
    2. Anca Maria GHERMAN & Alexandra ADAM, 2010. "Monetary Policy Approaches Taking into Consideration the Current Economic Context," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(12(553)), pages 89-94, December.
    3. Oana Vlad, 2008. "The use of the monetary policy instruments by central banks under globalization," Analele Stiintifice ale Universitatii "Alexandru Ioan Cuza" din Iasi - Stiinte Economice (1954-2015), Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 55, pages 163-172, November.
    4. Vasile DEDU & Tiberiu STOICA, 2011. "The Monetary Policy and the Real Estate Market," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(12(565)), pages 5-14, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. repec:jes:wpaper:y:2013:v:5:p:556-566 is not listed on IDEAS
    2. repec:cmj:journl:y:2013:i:29:cioran is not listed on IDEAS
    3. Zina V.MARCU căs. CIORAN, 2013. "Monetary Policy And The Inflation Targeting Strategy," SEA - Practical Application of Science, Romanian Foundation for Business Intelligence, Editorial Department, issue 2, pages 167-173, October.
    4. Zina CIORAN, 2014. "Effectiveness And Limitations Of Monetary Policy Instruments In Romania And The European Union," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 6(4), pages 43-56, December.
    5. CRISTE, Adina, 2015. "Central Bank Policy During Times Of Financial Instability - Experiences Of Some Eurosystem’S Candidates," Studii Financiare (Financial Studies), Centre of Financial and Monetary Research "Victor Slavescu", vol. 19(2), pages 17-29.
    6. Joanna Stawska & Katarzyna Miszczyńska, 2017. "The Impact of the European Central Bank’s Interest Rates on Investments in the Euro Area," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 5, pages 51-72.
    7. Steliac Nela, 2013. "Evolution Of The Romanian Residential Market After Outbreak Of The Current Economic And Financial Crisis," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 2, pages 266-272, April.

    More about this item

    Keywords

    central bank; inflation targeting; monetary policy; price stability Romania;
    All these keywords.

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • G01 - Financial Economics - - General - - - Financial Crises

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:jes:wpaper:y:2013:v:5:i:4:p:556-566. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Alupului Ciprian (email available below). General contact details of provider: https://edirc.repec.org/data/csjesro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.