The Money Market Equilibrium and the Role of Central Banks

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989592%3A15210%2F15%3A33154449" target="_blank" >RIV/61989592:15210/15:33154449 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
The Money Market Equilibrium and the Role of Central Banks
Original language description
The issue of money and establishing interest rates are the main activities of central banks. Through this, the banks immediately influence the behaviour of households, companies, financial markets and the state with the impact on real outcome, employmentand prices. When monitoring the issue of money, it is necessary to focus not only on its volume, but also on the attributes and functions carried by money. Among the first economists who considered the quality monetary aspect were J. Locke, D. Hume, D.Ricardo and others. The founders of modern monetarism of the 20th century were I. Fisher and M. Friedman. Fisher was the first to define the equation of monetary equilibrium in the present-day form. The objective of the paper is to point out different approaches to the equation and its modifications and different meanings of its variables. As regards the monetary aggregate M - Money - the paper also deals with the denomination of the aggregate to its various elements, which is significan
Czech name
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Czech description
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Publication year
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Nové výzvy pre sociálnu politiku a globálny trh práce 2015
ISBN
978-80-225-4078-0
ISSN
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e-ISSN
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Number of pages
11
Pages from-to
77-87
Publisher name
The Faculty of National Economy at the University of Economics in Bratislava
Place of publication
Bratislava
Event location
Veľký Meder
Event date
May 14, 2015
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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