Strategies for Developing Monetary Policy in Emerging Countries

• Published in: Perspectives of Law and Public Administration Vol. 11; no. 4; pp. 566 - 571
• Main Author: Dumitrescu, Cristian
• Format: Journal Article
• Language: English
• Published: Bucharest Society of Juridical and Administrative Sciences 01-12-2022; Societatea de Stiinte Juridice si Administrative; Societatea de Stiinte Juridice si Administrative (the Society of Juridical and Administrative Sciences); ADJURIS – International Academic Publisher
• Subjects: Aggregates; Banking; Central banks; Comparative Law; convergence process; Currency instability; Decision making; Decisions; Economic growth; Economic policy; emerging economy; Emerging markets; EU-Legislation; european central bank (ecb); european monetary integration; financial stability; Floating exchange rates; Foreign exchange rates; Income distribution; Inflation; Inflation rates; inflation targeting; Law on Economics; Macroeconomics; Monetary policy; Money; price stability; Prices; Securities markets; Stability; Supply & demand; price stability; financial stability; emerging economy; European Central Bank (ECB); European monetary integration; inflation targeting; monetary policy; convergence process
• ISSN: 2601-7830; 2601-7830

Monetary policy is a primary element of economic policy, as with its help central banks can act and influence both the demand and supply of money in the economy. The main purpose of monetary policy measures is to ensure price stability, effective control over inflation, as well as the stability of the national currency. A very important aspect to highlight about the European Central Bank is that the objective of monetary policy aims at the strategy of maintaining price stability and the inflation rate at lower levels. Any decision is the product of a procedure that involves the assembly of a large number of primary information. The monetary policy decision is also subordinated to these procedures, but simple information, regardless of its degree of organization and hierarchical processing, does not seem to be sufficient to be able to make a decision.