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The Role of Direct Monetary Instruments in Providing Economic Liquidity

Author

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  • Liparã Daniel

    („Alexandru Ioan Cuza” University of Iaºi, Doctoral School of Economics)

Abstract

Money is important in the economic mechanism, defining the engine through which the Central Bank can interfere on the economy’s liquidity, and also in satisfying its needs. Monetary policy achieves its objectives through different instruments. Along with goals and methods of transmission of monetary impulses, monetary instruments are considered the fundamentals, the basics of monetary policy. Their study is essential to highlight the interdependencies between them and their induced effects over the market economy’s mechanisms. The most important are the direct intervention tools that have an impact on the economic liquidity. In this process, the Central Bank plays the main character role. In this article we will discover which are the main tools of direct action used by the Central Bank and how they affect economic liquidity. What tool can be controlled more easily? When a tool is efficient? These are some questions that we will try to answer below.

Suggested Citation

  • Liparã Daniel, 2012. "The Role of Direct Monetary Instruments in Providing Economic Liquidity," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 450-454, Decembre.
    • Handle: RePEc:ovi:oviste:v:xii:y:2012:i:2:p:450-454
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    More about this item

    Keywords

    money; monetary instruments; liquidity; monetary policy;
    All these keywords.

    JEL classification:

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

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