The monetary policy decision, as any other decision, is the product of a procedure assembling a lot of primary information, but also what type of other ingredients contribute finally to a certain monetary policy decision.

The globalization improves the prospects for the emerging markets to attain an economic development level comparable with that of industrialized countries. Without ignoring the specific policies concerning the openness degree, globalization might increase capital and technology flows towards...

Romanian Abstract: Această lucrare studiază unele schimbări importante intervenite în politica monetară începând cu sfârşitul secolului trecut. Sunt abordate principalele procese care au cauzat aceste schimbări: dezvoltarea inovaţiilor financiare, liberalizarea pieţelor financiare,...

Romanian Abstract: Această lucrare abordează câteva din provocările recente ale ţintirii inflaţiei. Circumstanţele sunt diferite pentru ţările în curs de dezvoltare faţă de cele dezvoltate. În multe dintre ţările în curs de dezvoltare băncile centrale au adoptat ţintirea...

Toate ţările membre ale Uniunii Europene trebuie să asigure armonizarea instrumentelor de politică monetară utilizate cu cele ale Băncii Centrale Europene. Analizând comparativ instrumentele de politică monetară ale Băncii Naţionale a Românei şi pe cele ale Băncii Centrale...

Any decision is eventually the product of a procedure which requires assembling a multitude of primary information, passed through reiterative processes both of organisation and of analysis. The procedures also regard “pushing” these transformed/processed towards preparatory levels only to...

The liberalisation of capital flows makes in the Romanian economy vulnerable to the important and presumably unstable capitals.

Monetary policy should be guided by macroeconomic models with limited nominal rigidity – ‘New Classical’ or even for some issues just plain Classical (i.e. with no nominal rigidity at all) models are perfectly adequate for understanding various aspects of the economy that have previously...

The theoretical – intuitive analysis applied to the segment of monetary transmission evidences the fact that forming the traditional monetary impulses transmission channels are in a starting phase due to the long financial non – intermediary process which Romanian economy had known. In these...