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The Discount Rate Policy In Romania In The 20th Century

Author

Listed:
  • Dobrescu M. Emilian

    (The Romanian Academy, Section of Economic, Law and Sociologie, Bucharest)

  • Pociovalisteanu Diana

    (University Constantin Brancusi, Tg. Jiu, Faculty of Economics)

Abstract

Throughout the 20th century, economists have generally acknowledged the importance of the central bank discount rate as the reference interest rate in a country: by increasing the interest rate during economic booms that forego the busts, the Central Bank

Suggested Citation

  • Dobrescu M. Emilian & Pociovalisteanu Diana, 2009. "The Discount Rate Policy In Romania In The 20th Century," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 4(1), pages 180-184, May.
    • Handle: RePEc:ora:journl:v:4:y:2009:i:1:p:180-184
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    File URL: http://steconomice.uoradea.ro/anale/volume/2009/v4-management-and-marketing/28.pdf
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    More about this item

    Keywords

    discount rate; monetary policy; interest rate;
    All these keywords.

    JEL classification:

    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • E4 - Macroeconomics and Monetary Economics - - Money and Interest Rates

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