Monetary policy under the influence of financial globalization
Journal Title: Manager Journal - Year 2016, Vol 23, Issue
Abstract
The political, economical and social transformations that human society has known throughout its existence had as a basis the settlement of a wide range of relationships and interconnections among the different communities, populations, cultures and state formations, synthesizing gradually but surely the currently phenomenon that they called globalization. As part of globalization, financial globalization is highlighted by two main elements: the free movement of capital flows and the foreign participation in the share capital within the financial system at national level. Throughout its entire evolutionary process, financial globalization has brought some significant challenges for monetary policy that requires an investigation of the multiple macroeconomic issues involved and that are crucial in ensuring and maintaining price stability. Global financial and economic crisis in the years 2007-2010 was impact of a “tsunami” - as expressed Frederic Mishkin, a phenomenon that has not only damaged and endangered the economic environment globally, but also brought a series of challenges science rethink its monetary policy purposes.
Authors and Affiliations
Valentin Mihai LEOVEANU
Keywords
Related Articles
- EP ID EP430984
- DOI -
- Views 102
- Downloads 0
Managing the Student's Behavior in the Contemporary Education System
Changes and quality improvements take place in all organizational structures, including higher education institutions, Every activity and process needs coordination and therefore, since in universities people(professors)...
Impact assessment of microfinance institutions in Nigeria: gaps, inefficiencies and emerging solutions
Microfinance has received a lot of attention recently, both from policy makers as well as in academic circles. Microfinance interventions have contributed significantly to small business development. The success story of...
Sustainable development and wordwide con-troversial issues regarding the auction of pollution right
The present study investigates one of the most up-to-date scientific and pragmatic problems faced by the evolution of the human society, by the European Union and by the future of this planet: pollution as externality o...
Pension funds investments in hedge funds-a necessary regulation
When it comes to investment strategies, generally, pension funds have proved to be conservative investors with a long term approach on investments and constant preoccupation for asset diversification as well as tendencie...
Consortialization strategy as a technique for the streamling of the relationship between education and vocation training and the labour market
The present study aims to examine the variables of the relationship between education and continuous vocational with the labour market in the context of new priorites and regional development dimensions. This approach at...