The role of the National Bank of Serbia in regulation of monetary policy
Monetary stability implies achieving a low and stable inflation rate. Through monetary policy instruments, the central bank seeks to achieve targeted inflation in order to achieve macroeconomic stability. As the main problem in the previous period was high inflation, the NBS has consistently impleme...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Center for Economic and Financial Research, Belgrade
2017-01-01
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| Series: | Oditor |
| Subjects: | |
| Online Access: | https://scindeks-clanci.ceon.rs/data/pdf/2217-401X/2017/2217-401X1703073M.pdf |
| _version_ | 1829517367612276736 |
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| author | Marjanović Nataša Prelić Jovan Belokapić-Čavkunović Jelena |
| author_facet | Marjanović Nataša Prelić Jovan Belokapić-Čavkunović Jelena |
| author_sort | Marjanović Nataša |
| collection | DOAJ |
| description | Monetary stability implies achieving a low and stable inflation rate. Through monetary policy instruments, the central bank seeks to achieve targeted inflation in order to achieve macroeconomic stability. As the main problem in the previous period was high inflation, the NBS has consistently implemented a restrictive monetary policy based on the basic factors of inflation. Its implementation was carried out most often by increasing the reference interest rate and conducting open market operations. For the implementation of inflation targeting policies, sustainable public finances, central bank independence, good forecasting of inflation trends and a good knowledge of the transmission mechanism between monetary policy instruments and inflation should be ensured. The main goal of this paper, based on the current operations of the National Bank of Serbia, is to analyze the success and trends of monetary policy in recent years. |
| first_indexed | 2024-12-16T14:00:01Z |
| format | Article |
| id | doaj.art-e03f4f77ed234dd7ba1e2451220c8045 |
| institution | Directory Open Access Journal |
| issn | 2217-401X 2683-3476 |
| language | English |
| last_indexed | 2024-12-16T14:00:01Z |
| publishDate | 2017-01-01 |
| publisher | Center for Economic and Financial Research, Belgrade |
| record_format | Article |
| series | Oditor |
| spelling | doaj.art-e03f4f77ed234dd7ba1e2451220c80452022-12-21T22:29:06ZengCenter for Economic and Financial Research, BelgradeOditor2217-401X2683-34762017-01-013373882217-401X1703073MThe role of the National Bank of Serbia in regulation of monetary policyMarjanović Nataša0Prelić Jovan1Belokapić-Čavkunović Jelena2Visoka škola strukovnih studija Čačak, BeogradUniverzitet odbrane, Vojna akademija, BeogradUniverzitet za poslovne studije, Banja Luka, Republika Srpska, BiHMonetary stability implies achieving a low and stable inflation rate. Through monetary policy instruments, the central bank seeks to achieve targeted inflation in order to achieve macroeconomic stability. As the main problem in the previous period was high inflation, the NBS has consistently implemented a restrictive monetary policy based on the basic factors of inflation. Its implementation was carried out most often by increasing the reference interest rate and conducting open market operations. For the implementation of inflation targeting policies, sustainable public finances, central bank independence, good forecasting of inflation trends and a good knowledge of the transmission mechanism between monetary policy instruments and inflation should be ensured. The main goal of this paper, based on the current operations of the National Bank of Serbia, is to analyze the success and trends of monetary policy in recent years.https://scindeks-clanci.ceon.rs/data/pdf/2217-401X/2017/2217-401X1703073M.pdfnational bank of serbiamonetary policymoneyregulation |
| spellingShingle | Marjanović Nataša Prelić Jovan Belokapić-Čavkunović Jelena The role of the National Bank of Serbia in regulation of monetary policy Oditor national bank of serbia monetary policy money regulation |
| title | The role of the National Bank of Serbia in regulation of monetary policy |
| title_full | The role of the National Bank of Serbia in regulation of monetary policy |
| title_fullStr | The role of the National Bank of Serbia in regulation of monetary policy |
| title_full_unstemmed | The role of the National Bank of Serbia in regulation of monetary policy |
| title_short | The role of the National Bank of Serbia in regulation of monetary policy |
| title_sort | role of the national bank of serbia in regulation of monetary policy |
| topic | national bank of serbia monetary policy money regulation |
| url | https://scindeks-clanci.ceon.rs/data/pdf/2217-401X/2017/2217-401X1703073M.pdf |
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