Monetary policy instruments used in Slovenia

Mejra Festić

Politická ekonomie, 2002, vol. 2002, issue 1

Abstract: There was a need to establish an independent central bank and effective instruments after getting independent. Slovenia dismissed the non-market instruments of monetary policy that were used in the former Yugoslavia. Old, selective instruments of monetary policy were replaced by new instruments: open market policy, lombard loans, bills with warrants, twice bills, foreign currency bills, minimum reserve requirements. Slovenia has to use open market policy instruments as the core instrument, refinancing policy should have a safety valve function to satisfy unexpected needs for the central bank money.

Keywords: open market policy; refinancing; loans; securities; minimum reserve requirements (search for similar items in EconPapers)
Date: 2002
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DOI: 10.18267/j.polek.349

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