Current Changes in the Implementation of Monetary Policy
Elmentve itt :
| Szerző: | |
|---|---|
| További közreműködők: | |
| Dokumentumtípus: | Diplomadolgozat |
| Kulcsszavak: | EU egységes pénzügyi piaca nemzetközi pénzügy nemzetközi pénzügyi jog nemzetközi pénzügyi piac nemzetközi pénzügyi rendszer |
| Online Access: | http://dolgozattar.uni-bge.hu/42026 |
| Kivonat: | Monetary policy is a policy led down by the central bank of the country to restrict the inflation, to reduce the unemployment rate, and involved in the communication about longterm interest rates. Moreover, it increases the liquidity to gain economic growth in the market. On the contrary, it reduces the liquidity to prevent inflation. In simple word, central bank increase or decrease the liquidity as per the scenario whether central bank must increase the economic growth or reduce the inflation. The central bank gives the credit to the individual banks on a low interest rate to combat the higher unemployment rate during recession. This research work includes only the European monetary policy where ECB faced problem while maintaining the price stability. First the spread of COVID-19 that hinders the economy of the countries by different means for instance employment wise, productivity wise and more. To overcome these issues, ECB produced different programs called asset purchasing program, pandemic emergency purchase program, and long-term oriented program to deal with uncertain conditions. Somehow, it maintained the price stability but not the same as pre-pandemic. |
|---|