important place in society takes monetary policy.In well-developed countries, it is considered as a flexible and rapid addition of fiscal policy as an instrument of "fine-tuning" of economic conditions.
have such a policy has its negative aspects, which are to provide only an indirect influence on the commercial banks, the goal is to control the dynamics of the money supply.Therefore, to make them directly to expand or reduce loans can not.
Help the economy to achieve the overall level of production, which is characterized by the absence of inflation and full employment, it is one of the main objectives of monetary policy.
monetary policy is a set of measures on the economic regulation of the credit and monetary circulation, which aims to ensure economic growth through exposure to the investment activity, dynamics and the level of inflation and other macroeconomic processes is very important.
The main aim of this policy lies in helping the economy to achieve the level of production, which is close to full employment and stable prices.
monetary policy is executed through the Central Bank, however, such a policy determined by the government.
tools that are used very often in monetary policies are administrative measures to establish a mandatory form of redundancy, the regulation of official interest rates.
minimum reserves to date are part of the bank's assets, all the banks of the commercial type should be stored in the accounts of the Central Bank.
two main functions are performed by the minimum reserve.First, they act as security for obligations of commercial banks on customer deposits (as liquid reserves).Minimum reserves, secondly, the tools that are used by the Central Bank to regulate the country's money supply.
The Russian Federation government securities market began to take shape in 1993.In the fall of ninety-eight, he was introduced to local bonds, federal loan bonds, short-term government obligations.
interest thereon are paid from the federal budget, but in order to pay off the bonds that were previously released, should imitate the new tranches.
monetary policy tightly linked to foreign and fiscal policy.
It should take into account the relationship of the main macroeconomic elements - the volume of the issue, the aggregate demand, interest rates, money supply.And also customer expectations (of the population) and investors, the trust of residents and non-residents to the government's actions.The internal credit policy of the government will depend on the outflow and inflow of foreign currency into the country.
On how independent central bank as a branch of government depends on the effectiveness of the policy as well as its art of leadership and skill.
Basics monetary policy entered in the "expensive" and "cheap" money.The policy of "expensive" money based on the fact that the offer is limited to these, ie reduced availability of credit and increasing its costs to reduce costs and contain inflationary pressures.
provide the necessary reserves of commercial banks, ie the ability to provide loans, can the policy of "cheap" money, but it can not give a guarantee that the banks really can provide loans and increase the money supply.
If there is a situation, the actions of this policy will be ineffective.This phenomenon is called cyclical asymmetry.
