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Banii, băncile centrale, politica monetară şi reglementarea sistemului bancar modern

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  • Păun Cristian

    (Academia de Studii Economice din Bucureşti)

Abstract

Despite the various accents observed in the traditional analyses on the roots of this kind of phenomena, we will argue that the causes of the present crisis, ignited inside our “modern” economies, are strongly related to the modern nature of money, the role of “fiat-currency” as exchange support for real transactions and the effect of central banks monetary policy on markets. Article published within Research Project CNCSIS TE_340, Contract no.

Suggested Citation

  • Păun Cristian, 2010. "Banii, băncile centrale, politica monetară şi reglementarea sistemului bancar modern," Revista OEconomica, Romanian Society for Economic Science, Revista OEconomica, issue 02, June.
  • Handle: RePEc:oen:econom:y:2010:i:02:id:241
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    References listed on IDEAS

    as
    1. Friedman, Milton, 1982. "Monetary Policy: Theory and Practice: A Reply," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 14(3), pages 404-406, August.
    2. Friedman, Milton, 1982. "Monetary Policy: Theory and Practice," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 14(1), pages 98-118, February.
    3. Friedman, Milton & Schwartz, Anna J, 1969. "The Definition of Money: Net Wealth and Neutrality as Criteria," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 1(1), pages 1-14, February.
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    More about this item

    Keywords

    fiat money; central banking; monetary policy; gold standard;

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • B53 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Austrian

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