THE DISCOUNT RATE POLICY IN ROMANIA IN THE 20TH CENTURY

Emilian Dobrescu () and Pociovalisteanu Diana ()
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Pociovalisteanu Diana: University Constantin Brancusi, Tg. Jiu, Faculty of Economics
Authors registered in the RePEc Author Service: Diana-Mihaela Țîrcă ()

Annals of Faculty of Economics, 2009, vol. 4, issue 1, 180-184

Abstract: Throughout the 20th century, economists have generally acknowledged the importance of the central bank discount rate as the reference interest rate in a country: by increasing the interest rate during economic booms that forego the busts, the Central Bank

Keywords: discount rate; monetary policy; interest rate (search for similar items in EconPapers)
JEL-codes: E4 E5 (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:ora:journl:v:4:y:2009:i:1:p:180-184

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