THE CHARACTERISTICS OF INTEREST RATE CHANNEL IN CENTRAL AND EAST EUROPE

This paper tries to analyze the structural features of the Central and East European economies so that we can identify the most relevant information in order to understand the monetary transmission mechanism through the interest rate channel. The research sample consist of Central and East Europea...

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Bibliographic Details
Published in:Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie
Main Author: MĂRGĂRIT MONICA-IONELIA
Format: Article
Language:English
Published: Academica Brâncuşi 2021-02-01
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Online Access:https://www.utgjiu.ro/revista/ec/pdf/2021-01/46_Margarit.pdf
Description
Summary:This paper tries to analyze the structural features of the Central and East European economies so that we can identify the most relevant information in order to understand the monetary transmission mechanism through the interest rate channel. The research sample consist of Central and East European countries which are members of the European Union, but not yet members of Eurozone, countries that have the same monetary policy objective, the same monetary policy strategy, as well as regimes based on floating or controlled exchange rates. As a result of the research, we can appreciate that in these countries there was a gradual consolidation of the economy, which makes the transmission of monetary policy easier to perform compared to the previous years.
ISSN:1844-7007