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    STUDIA OECONOMICA - Issue no. 1 / 2004  
         
  Article:   MONETARY POLICY IN CONTEMPORARY ECONOMY.

Authors:  DANIELA BEJU.
 
       
         
  Abstract:  At the present moment, the main responsibility for most central banks is implementing of monetary policy, that haves as primordial objective the price stability. Central banks have at their disposal two types of monetary policy instruments: indirect instruments discount official rate policy, open-market policy, reserve requirements policy) and direct instruments (orientation credits policy and limiting credits policy).  
         
     
         
         
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