Politica monetara în sistemele financiare moderne
Monetary policy in modern financial systems
Cristian Paun ()
MPRA Paper from University Library of Munich, Germany
Monetary policy is one of the most sensitive problems in the modern financial systems. Money production of central banks and commercial banks generates a lot of problems in the prices mechanism, structure of production and is the major source of error in entrepreneurial decision. This paper discuss the major problems with modern monetary policies regarding: concept and function of money as a medium of exchange, (non)neutrality of money, independence of central banks, ineffectiveness of some specific monetary tools like inflation targeting is. There are a lot of mistakes produced from a long time that influenced and continue to influence the (in)stability of financial systems.
Keywords: Monetary policy; Central Banks; fiat money; fractional reserve system (search for similar items in EconPapers)
JEL-codes: B22 G01 G21 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:37304
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