INFLUENCE OF PRICE AND FINANCIAL STABILITY OVER THE PRICE IN TOURISM

Roxana Ispas and Roxana Marinescu
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Roxana Marinescu: University of Craiova Faculty of Economics and Business Administration

Annals of University of Craiova - Economic Sciences Series, 2013, vol. 1, issue 41, 213-217

Abstract: The paper presents the rationale underlying the choice of price stability as the primary objective of monetary policy and examines the connections between price stability and financial stability, there being analyzed also the influence over the prices in tourism. Price stability is essentially the primary responsibility of central banks as sustainable growth can only be achieved through low prices and their small fluctuations. Also, central banks play a role in financial stability, which I define as the feature of the financial system to face the systemic shocks on a sustainable basis and without major disruptions, to efficiently allocate financial resources in the economy and identify and effectively manage the risks.

Keywords: financial stability; price stability; sustainable economic growth; consumer prices; tour operators (search for similar items in EconPapers)
JEL-codes: E1 M51 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:aio:aucsse:v:1:y:2013:i:41:p:213-217

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