Preserving the Value of Money

Dimitris N. Chorafas

Chapter 5 in The Changing Role of Central Banks, 2013, pp 105-128 from Palgrave Macmillan

Abstract: 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.

Keywords: Interest Rate; Monetary Policy; Central Bank; Federal Reserve; Money Supply (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_6

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DOI: 10.1057/9781137332288_6

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