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Preserving the Value of Money

In: The Changing Role of Central Banks

Author

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  • Dimitris N. Chorafas

Abstract

To work as intended, monetary policy (chapter 3) needs an effective transmission mechanism that is both efficient and well-understood by those who use it. It must as well be secure enough so that it is not abused, and is effective in assuring that monetary policy seeps down the economy without bias, roadblocks, or adverse effects because of unaccounted risks.

Suggested Citation

  • Dimitris N. Chorafas, 2013. "Preserving the Value of Money," Palgrave Macmillan Books, in: The Changing Role of Central Banks, chapter 5, pages 105-128, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-33228-8_6
    DOI: 10.1057/9781137332288_6
    as

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