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  • 标题:Monetary Management And Control Under Uncertainty And Crisis
  • 本地全文:下载
  • 作者:Slobodan Lakić
  • 期刊名称:Montenegrin Journal of Economics
  • 印刷版ISSN:1800-5845
  • 电子版ISSN:1800-6698
  • 出版年度:2010
  • 卷号:6
  • 期号:11
  • 出版社:Economic Laboratory for Transition Research Podgorica
  • 摘要:Constant exposure of economy to shocks hinders the process of creating monetary policy. Since effects of shocks are sometimes impossible to predict, central banks face difficulties in making decisions and operating. According to one view, central banks, in the absence of a stable financial system as a constituent part of its functions, cannot achieve monetary stability. According to another opinion, the supposition, often mentioned in the context of the current crisis, that monetary policy in crisis situations cannot be efficient is wrong. There are no guarantees that central banks will be able to cope with a burst of a bubble. The claim that world central bankers have saved the global economy from a collap-se can be interpreted as equal to their role in creating the current crisis
  • 关键词:Monetary Policy; Monetary Instruments; Central Bank; Uncertainty; Financial Crisis; Assymetric ;Information; Liquidity; Expansive Policy; Monetary;Contraction; Transmission Mechanism; Reserve Requirements
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