THEMONETARY POLICY INSTRUMENTS IN EUROPEAN UNION

Assist. Irina Liliana Rotundu Ph. D Student Assoc. Prof. Diana Viorica Lupu Ph. D
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Assist. Irina Liliana Rotundu Ph. D Student Assoc. Prof. Diana Viorica Lupu Ph. D: “Petre Andrei” University of Iasi Faculty of Economics Iasi, Romania

Annals of University of Craiova - Economic Sciences Series, 2011, vol. 4, issue 39, 132-137

Abstract: The monetary policy is a fundamental characteristic of modern economic life, having its own mark upon price stability, exchange rate, economic growth rhythm and EU economy’s health. This is the result of the capability of certain factors responsible for the monetary policies, to detect the main tendencies of internal and international evolution and capture the evolutionary directions of global and EU economy. We have started our conception of the present article from the role of the Europe Central Bank in developing and applying the strategies of monetary policy by using its specific instruments. We have analyzed how much the strategic objectives of the monetary policy have reflected the international economic realities and if they met the impartial requests of European economy development. Thus, we have suggested identifying the role that ECB has when using its monetary policy instruments for stimulating the economic growth and building a stable socio-economic environment.

Keywords: the monetary policy; the monetary policy instruments; the open market operations; standing facilities for credit institutions; minimum reserve requirements. (search for similar items in EconPapers)
JEL-codes: E31 E42 E52 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:aio:aucsse:v:1:y:2011:i:6:p:132-137

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