Home  Journals  Finance and Credit  46(478) - 2011 December

The monetary policy in the conditions of financial globalization

Available online: 2 December 2011

Subject Heading: Monetary and credit policy

JEL Classification: 

The main theoretical conceptions and forms of monetary policy implementation in the modern world are presented. Mundell-Fleming model is the basis. The changes in underlying monetary policy conditions in the context of financial globalization, including world inflation dynamics during the “Great Moderation” and factors behind it, the choice of exchange rate regime and condition of the international monetary system are considered.

Keywords: financial globalization, monetary policy, Mundell-Fleming model, transboundary streams of the capital, mobility of the capital between the countries, small open economy, Inflation targeting

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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