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Modern challenges of the monetary policy


  • Constantin IONETE

    (Member of the Romanian Academy)


During the implementation of the monetary policy, the National Bank of Romania took great care for the activity of giving loans. Analyzing USA crisis, IMF pointed out the importance of regulations for this sector, which practically don’t exist in some cases, especially in the case of innovative banking instruments, such as sub prime, derivatives and others.

Suggested Citation

  • Constantin IONETE, 2008. "Modern challenges of the monetary policy," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, vol. 1(8), pages 9-12, December.
  • Handle: RePEc:aio:fpvfcf:v:1:y:2008:i:8:p:9-12

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    More about this item


    mortgage crisis; macroeconomic stability; financial system regulation;

    JEL classification:

    • E00 - Macroeconomics and Monetary Economics - - General - - - General
    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E40 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - General


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