The Role of Direct Monetary Instruments in Providing Economic Liquidity

Liparã Daniel ()
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Liparã Daniel: „Alexandru Ioan Cuza” University of Iaºi, Doctoral School of Economics

Ovidius University Annals, Economic Sciences Series, 2012, vol. XII, issue 2, 450-454

Abstract: Money is important in the economic mechanism, defining the engine through which the Central Bank can interfere on the economy’s liquidity, and also in satisfying its needs. Monetary policy achieves its objectives through different instruments. Along with goals and methods of transmission of monetary impulses, monetary instruments are considered the fundamentals, the basics of monetary policy. Their study is essential to highlight the interdependencies between them and their induced effects over the market economy’s mechanisms. The most important are the direct intervention tools that have an impact on the economic liquidity. In this process, the Central Bank plays the main character role. In this article we will discover which are the main tools of direct action used by the Central Bank and how they affect economic liquidity. What tool can be controlled more easily? When a tool is efficient? These are some questions that we will try to answer below.

Keywords: money; monetary instruments; liquidity; monetary policy (search for similar items in EconPapers)
JEL-codes: E50 E52 E58 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xii:y:2012:i:2:p:450-454

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