Monetary policy of the CIVETS countries in years 2006-2013

• Authors: Krystyna Mitręga-Niestrój , Blandyna Puszer
• Languages of publication: EN

Abstracts

EN

CIVETS countries refer to a group of countries consisting of Columbia, Indonesia, Vietnam, Egypt, Turkey and the Republic of South Africa, considered leaders of emerging markets. They are countries with dynamically developing economies, moderate debt level, and they have successfully managed to overcome the last financial and economic crisis within a short period of time. Similarly, as in case of the majority of countries, their monetary policy constitutes a significant element of macroeconomic policy, having influence not only on the condition of the banking sector, but the economy as a whole. Central banks of the CIVETS countries focused on inflation target as the goal of monetary policy. They used first of all the interest rate channel as well as instruments regulating liquidity of interbank money market of a standard character (open market operations, refinanced credits and reserve requirement), as well as non-standard monetary policy instruments in order to execute the policy of supporting liquidity of the banking sector in years 2006-2013.

Keywords

EN

CIVETS countries; Interest rates of the central bank; Monetary policy

• Publisher: Uniwersytet Ekonomiczny w Katowicach
• Journal: Journal of Economics and Management
• Year: 2015
• Volume: 21
• Pages: 144-162

Contributors

author

Krystyna Mitręga-Niestrój

author

Blandyna Puszer

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Identifiers

ISSN

1732-1948