Monetary Policy

Dimitris N. Chorafas

Chapter 3 in The Changing Role of Central Banks, 2013, pp 57-81 from Palgrave Macmillan

Abstract: Abstract Developing a monetary policy for the country is the central bank’s most important duty. It sets the beat of the economy, impacts the currency’s foreign exchange, could (but should not) fire up inflation, and affects income and expenditures, particularly in the private sector. It does all that by influencing the stock of money as well as the cost and availability of borrowed funds through interest rate(s).

Keywords: Interest Rate; Monetary Policy; Central Bank; Fiscal Policy; Banking System (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-33228-8_4

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DOI: 10.1057/9781137332288_4

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