Politica monetara în sistemele financiare moderne
[Monetary policy in modern financial systems]
Monetary policy is one of the most sensitive problems in the modern financial systems. Money production of central banks and commercial banks generates a lot of problems in the prices mechanism, structure of production and is the major source of error in entrepreneurial decision. This paper discuss the major problems with modern monetary policies regarding: concept and function of money as a medium of exchange, (non)neutrality of money, independence of central banks, ineffectiveness of some specific monetary tools like inflation targeting is. There are a lot of mistakes produced from a long time that influenced and continue to influence the (in)stability of financial systems.
|Date of creation:||2012/03/12|
|Contact details of provider:|| Postal: Ludwigstraße 33, D-80539 Munich, Germany|
Web page: https://mpra.ub.uni-muenchen.de
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- 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.
When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:37304. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Joachim Winter)
If references are entirely missing, you can add them using this form.