Challenges in implementation of unconventional monetary policy instruments in post crisis environment
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Date
2016
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
"Victor Slăvescu" Centre for Financial and Monetary Research
Abstract
Global financial crisis has led central banks to rethink their monetary policy framework. Nowadays
is discussed the possibility of adding unconventional measures to the traditional toolkit of monetary
policy. However the main objections rest on still unsolved practical problems which brings the
implementation of these measures under normal conditions. And, mainly, they should be integrated
into the overall framework of the monetary policy and coordinated with over measures.
The aim of the paper is to set out new approaches to study the challenges implied by the
implementation of unconventional monetary policy measures, their inter-relations with traditional
tools and their effects on attainment of the strategic goals of monetary policy, in the post crisis
environment.
Description
Bibliogr.: p. 60 (7 titl.). JEL classification codes: E52, E58, E61.
Keywords
monetary policy, quantitative easing, credit easing, unconventional instruments
Citation
STARIȚINA, Ludmila, SADOVEANU, Diana. Challenges in implementation of unconventional monetary policy instruments in post crisis environment. In : Journal of Financial and Monetary Economics. 2016, no. 3, pp. 56-60. ISSN 2537-3269; ISSN L 2392-9685.