 Concepts on the appearance and evolution of the money-currency marketConstantin Anghelache,
Madalina-Gabriela Anghel,
Doina Avram and
Doina Burea
Romanian Statistical Review Supplement, 2018, vol. 66, issue 3, 134-143 Abstract: In this article, the authors sought to focus on presenting the currency-money market that developed in close consistency with the evolution of the social system, being determined of course by the functioning of the free market, the emergence and development of the banking system, internal and external payments, money, international exchanges, and so on No country can develop autarchically, it must adhere to international exchanges, cooperation and technical-scientific economic collaboration. Of course, since ancient times, the exchange of commodities at a price that provides the economic money-money-money or commodity-money-commodity circuit, depends on how we want to interpret, a currency-currency market has played an important role. The banking system had a special effect because it mediated the interchange that has developed over time and represented the prospect of improving it. The authors emphasize the presentation of the monetary-currency market based on the national currency, which, although undergoing some transformations, had to be reconciled with the international monetary and foreign exchange market. The possibility and the need to control the correlation between needs and money supply were the national bank that consistently pursued its correlation. Of course, the money-market is also analyzed in the context of specific free market elements, such as inflation, which sometimes leads to real concrete results that can only be appreciated after they are definitive. In this way, we are aware of a concrete evolution that has manifested itself in the market, the need for additional monetary mass or, on the contrary, the withdrawal of some of the money. We know that those financial and economic crises are also determined by the fact that in the free market, the money-market has a larger mass than necessary, which leads to the explosion of inflation and consequently to the possibility of triggering irregularities that the market . Of course, in the strategy that needs to be matched to the money-market needs of the money market, it is the national bank that plays an important role internally and externally. The operational independence of the national bank ensures the consolidation of credibility, the establishment of the financial sec- tor, the substantial mitigation of fiscal domination, and the strengthening of the effective forecasting capacity of the inflation rate, which is at the basis of ensuring real values in the money-market. The authors resort to a closer analysis of the latest issues that have emerged in the money-market and in this way come to the present day as a participant in the European Union, Romania has to acquire a series of elements deriving from EU directives as such as the monetary policy rate, the level and control of inflation, international reserves and many other elements that are specific to the money-market. Keywords: exchange rate; currency; money supply; economic growth; interest rate (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:rsr:supplm:v:66:y:2018:i:3:p:134-143 Access Statistics for this article More articles in Romanian Statistical Review Supplement from Romanian Statistical Review Contact information at EDIRC. |
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