What Is the Role of Food Commodity Price Booms and Busts in the Agricultural Sector? Implications for Monetary Policy

2019 ◽  
pp. 389-408
Author(s):  
Nombulelo Gumata ◽  
Eliphas Ndou
Keyword(s):  
Monetary Policy ◽  
Agricultural Sector ◽  
Commodity Price ◽  
Food Commodity

scholarly journals Influence of the Level of Economy Monetization and the Structure of Money Supply on Lending to the Enterprises of the Agricultural Sector

2021 ◽  
pp. 55-62
Author(s):  
Yurii Lupenko ◽  
◽  
Svitlana Andros ◽  
◽  
◽  
...  
Keyword(s):  
Monetary Policy ◽  
Money Supply ◽  
Agricultural Sector ◽  
Cash Flows ◽  
State Regulation ◽  
The State ◽  
Factors Affecting ◽  
Progressive Development ◽  
The Impact

In Ukraine, the key condition for solving the problem of a non-inflationary increase in the level of economy monetization is the development of financial intermediaries capable of redistributing cash flows to investments. The purpose of the article is to develop a methodology for studying the influence of the level of economy monetization and the structure of the money supply on the lending activity of banks and, on this basis, to develop recommendations for the financial support of the agricultural sector of the economy. The article examines the following indicators of the structure and quality of the money supply in the economy: the level of economy monetization, the share of various aggregates in the money supply, the money multiplier and factors affecting them. The authors' attention is focused on the need for scientific substantiation of the economy's need for money and the management of the structure of the money supply to achieve the goals of state monetary policy. The role of state monetary policy in creating conditions for the resumption of growth in the agricultural sector was revealed. The analysis of macroeconomic indicators was carried out and the assessment of the impact of key factors on the state of the agricultural sector and the economy as a whole was carried out. The assessment of the level of monetization of the Ukrainian economy was carried out. The reasons for the low level of monetization of the Ukrainian economy were revealed and the ways to overcome it were formulated. Based on a critical analysis of various positions, it is shown what a balanced monetary policy should be in Ukraine. It has been proved that a significant decrease in the discount rate and an excessive increase in the money supply lead to an increase in inflation, an increase in risks in the financial sector and a destabilization of the situation in the agricultural sector, as well as in the economy as a whole. The relationship between the emission mechanism and the policy of stimulating the growth of the agricultural sector has been determined. The role of the main institutional elements of state monetary policy in enhancing the progressive development of the Ukrainian economy was revealed. Recommendations for improving the state regulation of the monetary sphere were given.

THE ROLE OF ACCOUNTING IN PUBLIC EXPENDITURE AND MONETARY POLICY IN THE FIRST CENTURY AD ROMAN EMPIRE

1995 ◽  
Vol 22 (2) ◽  
pp. 117-129 ◽  
Author(s):  
David Oldroyd
Keyword(s):  
Monetary Policy ◽  
Roman Empire ◽  
Financial Planning ◽  
Public Expenditure ◽  
First Century ◽  
Financial Control ◽  
The Public ◽  
Monetary System ◽  
Epigraphic Evidence

Previous authors have argued that Roman coinage was used as an instrument of financial control rather than simply as a means for the state to make payments, without assessing the accounting implications. The article reviews the literary and epigraphic evidence of the public expenditure accounts surrounding the Roman monetary system in the first century AD. This area has been neglected by accounting historians. Although the scope of the accounts supports the proposition that they were used for financial control, the impetus for keeping those accounts originally came from the emperor's public expenditure commitments. This suggests that financial control may have been encouraged by the financial planning that arose out of the exigencies of funding public expenditure. In this way these two aspects of monetary policy can be reconciled.

scholarly journals On the Limits of Macroprudential Policy

2020 ◽  
Vol 0 (0) ◽  
Author(s):  
Marcin Kolasa
Keyword(s):  
Monetary Policy ◽  
Policy Instruments ◽  
New Keynesian ◽  
Output Volatility ◽  
Macroprudential Policy ◽  
Collateral Constraints ◽  
Keynesian Model ◽  
Additional Stabilization ◽  
The Interest Rate

AbstractThis paper studies how macroprudential policy tools applied to the housing market can complement the interest rate-based monetary policy in achieving one additional stabilization objective, defined as keeping either economic activity or credit at some exogenous (and possibly time-varying) levels. We show analytically in a canonical New Keynesian model with housing and collateral constraints that using the loan-to-value (LTV) ratio, tax on credit or tax on property as additional policy instruments does not resolve the inflation-output volatility tradeoff. Perfect targeting of inflation and credit with monetary and macroprudential policy is possible only if the role of housing debt in the economy is sufficiently small. The identified limits to the considered policies are related to their predominantly intertemporal impact on decisions made by financially constrained agents, making them poor complements to monetary policy, which also operates at an intertemporal margin. These limits can be overcome if macroprudential policy is instead designed such that it sufficiently redistributes income between savers and borrowers.

scholarly journals Drought and Salinity in Citriculture: Optimal Practices to Alleviate Salinity and Water Stress

Agronomy ◽  
2021 ◽  
Vol 11 (7) ◽  
pp. 1283
Author(s):  
Vasileios Ziogas ◽  
Georgia Tanou ◽  
Giasemi Morianou ◽  
Nektarios Kourgialas
Keyword(s):  
Agricultural Sector ◽  
Review Paper ◽  
Cell Metabolism ◽  
High Water ◽  
Crop Productivity ◽  
Fruit Tree ◽  
Key Factors ◽  
Negative Effect

Among the various abiotic stresses, drought is the major factor limiting crop productivity worldwide. Citrus has been recognized as a fruit tree crop group of great importance to the global agricultural sector since there are 140 citrus-producing countries worldwide. The majority of citrus-producing areas are subjected to dry and hot summer weather, limited availability of water resources with parallel low-quality irrigation water due to increased salinity regimes. Citrus trees are generally classified as “salt-intolerant” with high water needs, especially during summer. Water scarcity negatively affects plant growth and impairs cell metabolism, affecting the overall tree growth and the quality of produced fruit. Key factors that overall attempt to sustain and withstand the negative effect of salinity and drought stress are the extensive use of rootstocks in citriculture as well as the appropriate agronomical and irrigation practices applied. This review paper emphasizes and summarizes the crucial role of the above factors in the sustainability of citriculture.

scholarly journals Natural Disasters and Economic Growth: The Mitigating Role of Microfinance Institutions

2021 ◽  
Vol 13 (9) ◽  
pp. 5055
Author(s):  
John Sseruyange ◽  
Jeroen Klomp
Keyword(s):  
Developing Countries ◽  
Natural Disasters ◽  
Legal Status ◽  
Agricultural Sector ◽  
Banking System ◽  
Fe Model ◽  
Microfinance Institutions ◽  
Natural Event ◽  
Negative Effect

In this study, we explore whether microfinance institutions (MFIs) can mitigate the adverse macroeconomic consequences of natural disasters. The provision of capital immediately following a natural event is recognized as one of the necessary conditions for a fast economic recovery. However, one concern is that a large majority of natural disasters occur in developing countries where households and the private sector have only limited access to the formal banking system. As an alternative, MFIs may fill up this gap in providing liquidity in the form of microcredit. The existing evidence on how MFIs respond to disaster effects is foremost based on case and micro-level evidence. In turn, the focus of this study is more on the macro impact of MFI activities after a natural disaster. Based on the finding obtained from an OLS-FE model using an unbalanced panel considering more than 80 developing countries and emerging economies, we can conclude that natural disasters harm macroeconomic performance primarily through their effect on the agricultural sector. However, access to lending facilities from MFIs mitigates a large part of this negative effect. Moreover, the extent to which MFIs are able to mitigate these effects depends to a great extent on their nature, i.e., their organizational structure, profitability, legal status, age, and the number of clients they serve.

Sign in / Sign up

Export Citation Format

Share Document