期刊名称:The USV Annals of Economics and Public Administration
印刷版ISSN:2344-3847
出版年度:2009
卷号:9
期号:2
页码:213-222
语种:English
出版社:Editura Universitatii Ştefan cel Mare din Suceava
摘要:The currency played in generally an important part within the popular conception as concerns the economy and life. The currency users have placed the currency within the economic activity, but in contradictory with the classical theory, they have proved that currency has not a real effect, opinion that has been checked within the real cycle theory of the business (according to authors F.E.Kydland a nd E. Prescott). While during a long duration of time, the monetary theory has been governed by the idea, according to which the currency has no significance, the FED has eliminated such an opinion by its frequent decisions of modifying the interest rates, fact that confirmed that currency does matter, at least on short term. Within this context, the most important aspect of the economical theory is of explaining why and how it carries pout, in order to propose the best references to the political de ciding representatives, when these were trying to use the monetary politics in order of reaching an economical expansion, until that point where the rate of inflation hasn’t increasing. The new paradigm of the monetary economy consists in the fact that i t proves the inconsistency of the monetary theory, according to which the transactions have generated the currency demand. The part of the currency has been in adjusting between currency demand and available funds. This aspect assumes knowing the importanc e of the information imperfections and of banks behavior.