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Monetary Policy Force Effect By Means Of Banks Money Creation


  • COCIUG, Victoria

    (Academy of Economic Studies, Republic of Moldova)

  • TIMOFEI, Olga

    (National Institute for Economic Research, Republic of Moldova)


In the context of modern economy, banks play an essential role for sustainable growth, by ensuring economy with financial resources and driving impulses of monetary policy to economy. Monetary authorities influence significantly the bank's ability to fulfill this role. Thus, to achieve macroeconomic objectives, there is promoted particular monetary policy and are implemented various practical regulations for banks. In this article, we want to identify the existing relationship between monetary policy followed by the authorities and the ability of banks to create money with its impact on various practical regulations.

Suggested Citation

  • COCIUG, Victoria & TIMOFEI, Olga, 2014. "Monetary Policy Force Effect By Means Of Banks Money Creation," Studii Financiare (Financial Studies), Centre of Financial and Monetary Research "Victor Slavescu", vol. 18(2), pages 18-28.
  • Handle: RePEc:vls:finstu:v:18:y:2014:i:2:p:18-28

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    References listed on IDEAS

    1. David Andolfatto & Ed Nosal, 2003. "A theory of money and banking," Working Papers (Old Series) 0310, Federal Reserve Bank of Cleveland, revised 2003.
    2. Fischer, Stanley, 1986. "Monetary rules and commodity money schemes under uncertainty," Journal of Monetary Economics, Elsevier, vol. 17(1), pages 21-35, January.
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    More about this item


    monetary policy; money creation; bank regulation and supervision survey;

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation


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