THE INFLUENCE OF THE MONETARY POLICY INTEREST RATE, INFLATION AND EXCHANGE RATE ON THE CONSUMER CREDIT BENCHMARK IN ROMANIA DURING THE COVID-19 CRISIS
The banking system represents the most important component of the financial system, "heart of the economy", its role being identified, mainly, in two plans. Thus, first of all, it is vital for maintaining a good functioning of the economy, the National Bank of Romania having prerogatives...
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| Format: | Article |
| Language: | English |
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Academica Brâncuşi
2023-02-01
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| Series: | Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie |
| Subjects: | |
| Online Access: | https://www.utgjiu.ro/revista/ec/pdf/2023-01/09_Dobrota.pdf |
| _version_ | 1797640388805132288 |
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| author | GABRIELA DOBROTĂ ELIZA ALEXANDRA VASILE |
| author_facet | GABRIELA DOBROTĂ ELIZA ALEXANDRA VASILE |
| author_sort | GABRIELA DOBROTĂ |
| collection | DOAJ |
| description | The banking system represents the most important component of the financial system, "heart of the economy",
its role being identified, mainly, in two plans. Thus, first of all, it is vital for maintaining a good functioning of the
economy, the National Bank of Romania having prerogatives in ensuring price stability. Secondly, credit institutions,
through their function as financial intermediaries, ensure a real process of financing the needs registered by the
economic environment. Maintaining price stability in difficult economic conditions, of systemic shock, caused by the
COVID-19 pandemic, required the adoption of measures by the National Bank of Romania to mitigate the negative
effects. One of the measures adopted by the central bank during the pandemic was the reduction of the policy interest
rate by 0.5 pp. In this context, from the research carried out on the basis of an econometric analysis, it emerged that
the change in the consumer credit benchmark is also influenced by the positive or negative evolution of other economic
factors, such as the monetary policy interest rate, the variation of the consumer price index and the fluctuation of the
exchange rate |
| first_indexed | 2024-03-11T13:31:06Z |
| format | Article |
| id | doaj.art-0f866904c2f64c798d7c395a4adf8688 |
| institution | Directory Open Access Journal |
| issn | 1844-7007 |
| language | English |
| last_indexed | 2024-03-11T13:31:06Z |
| publishDate | 2023-02-01 |
| publisher | Academica Brâncuşi |
| record_format | Article |
| series | Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie |
| spelling | doaj.art-0f866904c2f64c798d7c395a4adf86882023-11-02T18:13:59ZengAcademica BrâncuşiAnalele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie1844-70072023-02-0118698THE INFLUENCE OF THE MONETARY POLICY INTEREST RATE, INFLATION AND EXCHANGE RATE ON THE CONSUMER CREDIT BENCHMARK IN ROMANIA DURING THE COVID-19 CRISISGABRIELA DOBROTĂ0ELIZA ALEXANDRA VASILE1PROF. UNIV. DR., "CONSTANTIN BRÂNCUSI" UNIVERSITY FROM TÂRGU-JIUPHD STUDENT, LUCIAN BLAGA UNIVERSITY SIBIUThe banking system represents the most important component of the financial system, "heart of the economy", its role being identified, mainly, in two plans. Thus, first of all, it is vital for maintaining a good functioning of the economy, the National Bank of Romania having prerogatives in ensuring price stability. Secondly, credit institutions, through their function as financial intermediaries, ensure a real process of financing the needs registered by the economic environment. Maintaining price stability in difficult economic conditions, of systemic shock, caused by the COVID-19 pandemic, required the adoption of measures by the National Bank of Romania to mitigate the negative effects. One of the measures adopted by the central bank during the pandemic was the reduction of the policy interest rate by 0.5 pp. In this context, from the research carried out on the basis of an econometric analysis, it emerged that the change in the consumer credit benchmark is also influenced by the positive or negative evolution of other economic factors, such as the monetary policy interest rate, the variation of the consumer price index and the fluctuation of the exchange ratehttps://www.utgjiu.ro/revista/ec/pdf/2023-01/09_Dobrota.pdf: monetary policyeconomic crisiscovid-19 pandemicbanking systemprice stability |
| spellingShingle | GABRIELA DOBROTĂ ELIZA ALEXANDRA VASILE THE INFLUENCE OF THE MONETARY POLICY INTEREST RATE, INFLATION AND EXCHANGE RATE ON THE CONSUMER CREDIT BENCHMARK IN ROMANIA DURING THE COVID-19 CRISIS Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie : monetary policy economic crisis covid-19 pandemic banking system price stability |
| title | THE INFLUENCE OF THE MONETARY POLICY INTEREST RATE, INFLATION AND EXCHANGE RATE ON THE CONSUMER CREDIT BENCHMARK IN ROMANIA DURING THE COVID-19 CRISIS |
| title_full | THE INFLUENCE OF THE MONETARY POLICY INTEREST RATE, INFLATION AND EXCHANGE RATE ON THE CONSUMER CREDIT BENCHMARK IN ROMANIA DURING THE COVID-19 CRISIS |
| title_fullStr | THE INFLUENCE OF THE MONETARY POLICY INTEREST RATE, INFLATION AND EXCHANGE RATE ON THE CONSUMER CREDIT BENCHMARK IN ROMANIA DURING THE COVID-19 CRISIS |
| title_full_unstemmed | THE INFLUENCE OF THE MONETARY POLICY INTEREST RATE, INFLATION AND EXCHANGE RATE ON THE CONSUMER CREDIT BENCHMARK IN ROMANIA DURING THE COVID-19 CRISIS |
| title_short | THE INFLUENCE OF THE MONETARY POLICY INTEREST RATE, INFLATION AND EXCHANGE RATE ON THE CONSUMER CREDIT BENCHMARK IN ROMANIA DURING THE COVID-19 CRISIS |
| title_sort | influence of the monetary policy interest rate inflation and exchange rate on the consumer credit benchmark in romania during the covid 19 crisis |
| topic | : monetary policy economic crisis covid-19 pandemic banking system price stability |
| url | https://www.utgjiu.ro/revista/ec/pdf/2023-01/09_Dobrota.pdf |
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