MONETARY STABILITY VERSUS FINANCIAL STABILITY IN ADJUSTING THE REAL ECONOMY
Nowadays, in the economic theory and practice, theres commonly held idea that the primary objective of monetary policy should be price stability. However, the possibility of achieving this goal depends on the development and stability of the financial system. Even though financial stability represen...
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| Format: | Article |
| Language: | deu |
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University of Oradea
2010-12-01
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| Series: | Annals of the University of Oradea: Economic Science |
| Subjects: | |
| Online Access: | http://anale.steconomiceuoradea.ro/volume/2010/n2/107.pdf |
| _version_ | 1818352861559390208 |
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| author | Strezariu Iulia Ana-Maria Ivanovici Daniela-Cecilia Gheorghe Roxana-Maria Boldea Bogdan |
| author_facet | Strezariu Iulia Ana-Maria Ivanovici Daniela-Cecilia Gheorghe Roxana-Maria Boldea Bogdan |
| author_sort | Strezariu Iulia Ana-Maria |
| collection | DOAJ |
| description | Nowadays, in the economic theory and practice, theres commonly held idea that the primary objective of monetary policy should be price stability. However, the possibility of achieving this goal depends on the development and stability of the financial system. Even though financial stability represents a prerequisite for reaching the objective of price stability, the relationship manifests itself in reverse also. In the long term, the two objectives support and reinforce each other, but in the short term, there may occur certain incompatibilities, thus resulting in the central banks dilemma of abandoning one in favor of the other. This paper aims to investigate precisely the circumstances in which the policies pursued to ensure price stability can cause or worsen financial stability. |
| first_indexed | 2024-12-13T19:00:22Z |
| format | Article |
| id | doaj.art-d5bbedba388c4966a3620c58fc27a7ab |
| institution | Directory Open Access Journal |
| issn | 1222-569X 1582-5450 |
| language | deu |
| last_indexed | 2024-12-13T19:00:22Z |
| publishDate | 2010-12-01 |
| publisher | University of Oradea |
| record_format | Article |
| series | Annals of the University of Oradea: Economic Science |
| spelling | doaj.art-d5bbedba388c4966a3620c58fc27a7ab2022-12-21T23:34:42ZdeuUniversity of OradeaAnnals of the University of Oradea: Economic Science1222-569X1582-54502010-12-0112678684MONETARY STABILITY VERSUS FINANCIAL STABILITY IN ADJUSTING THE REAL ECONOMYStrezariu Iulia Ana-MariaIvanovici Daniela-CeciliaGheorghe Roxana-MariaBoldea BogdanNowadays, in the economic theory and practice, theres commonly held idea that the primary objective of monetary policy should be price stability. However, the possibility of achieving this goal depends on the development and stability of the financial system. Even though financial stability represents a prerequisite for reaching the objective of price stability, the relationship manifests itself in reverse also. In the long term, the two objectives support and reinforce each other, but in the short term, there may occur certain incompatibilities, thus resulting in the central banks dilemma of abandoning one in favor of the other. This paper aims to investigate precisely the circumstances in which the policies pursued to ensure price stability can cause or worsen financial stability.http://anale.steconomiceuoradea.ro/volume/2010/n2/107.pdfprice stabilityfinancial stabilitycentral bankmonetary policyNational Bank of Romania |
| spellingShingle | Strezariu Iulia Ana-Maria Ivanovici Daniela-Cecilia Gheorghe Roxana-Maria Boldea Bogdan MONETARY STABILITY VERSUS FINANCIAL STABILITY IN ADJUSTING THE REAL ECONOMY Annals of the University of Oradea: Economic Science price stability financial stability central bank monetary policy National Bank of Romania |
| title | MONETARY STABILITY VERSUS FINANCIAL STABILITY IN ADJUSTING THE REAL ECONOMY |
| title_full | MONETARY STABILITY VERSUS FINANCIAL STABILITY IN ADJUSTING THE REAL ECONOMY |
| title_fullStr | MONETARY STABILITY VERSUS FINANCIAL STABILITY IN ADJUSTING THE REAL ECONOMY |
| title_full_unstemmed | MONETARY STABILITY VERSUS FINANCIAL STABILITY IN ADJUSTING THE REAL ECONOMY |
| title_short | MONETARY STABILITY VERSUS FINANCIAL STABILITY IN ADJUSTING THE REAL ECONOMY |
| title_sort | monetary stability versus financial stability in adjusting the real economy |
| topic | price stability financial stability central bank monetary policy National Bank of Romania |
| url | http://anale.steconomiceuoradea.ro/volume/2010/n2/107.pdf |
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