scholarly journals FEATURES OF THE IMPLEMENTATION OF MONETARY POLICY IN MODERN CONDITIONS

2021 ◽  
Vol 49 (2) ◽  
pp. 32-40
Author(s):  
Gorobinska I ◽  
◽  
Ulianitska V ◽  

The article is devoted to the problem of forming an effective monetary policy in modern conditions. The relevance of the chosen topic is explained by the fact that identifying the main directions of improving monetary policy and developing tools to improve its effectiveness is one of the most important 39 tasks today, as insufficient effectiveness of proposed and implemented measures can lead to loss of purchasing power, rising inflation, deterioration activities of the banking sector and the threat of its crisis. The object of research is monetary policy. The purpose of the study is to develop measures to improve the effectiveness of monetary policy of Ukraine in modern conditions through the study of theoretical and practical aspects of the studied issues.

2014 ◽  
Vol 04 (04) ◽  
pp. 1450014 ◽  
Author(s):  
Reint Gropp ◽  
Christoffer Kok ◽  
Jung-Duk Lichtenberger

This paper investigates the effect of within banking sector competition and competition from financial markets on the dynamics of the transmission from monetary policy rates to retail bank interest rates in the euro area. We use a new dataset that permits analysis for disaggregated bank products. Using a difference-in-difference approach, we test whether development of financial markets and financial innovation speed up the pass through. We find that more developed markets for equity and corporate bonds result in a faster pass-through for those retail bank products directly competing with these markets. More developed markets for securitized assets and for interest rate derivatives also speed up the transmission. Further, we find relatively strong effects of competition within the banking sector across two different measures of competition. Overall, the evidence supports the idea that developed financial markets and competitive banking systems increase the effectiveness of monetary policy.


1957 ◽  
Vol 65 (1) ◽  
pp. 18-39 ◽  
Author(s):  
Warren L. Smith ◽  
Raymond F. Mikesell

2017 ◽  
Vol 43 ◽  
pp. 216-231 ◽  
Author(s):  
Hongyi Chen ◽  
Kenneth Chow ◽  
Peter Tillmann

2015 ◽  
Vol 34 (4) ◽  
pp. 698-709 ◽  
Author(s):  
Richhild Moessner ◽  
Jakob de Haan ◽  
David-Jan Jansen

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