Politická ekonomie 2002, 50(1) | DOI: 10.18267/j.polek.349
Monetary policy instruments used in Slovenia
There was a need to establish an independent central bank and effective instruments after getting independent. Slovenia dismissed the non-market instruments of monetary policy that were used in the former Yugoslavia. Old, selective instruments of monetary policy were replaced by new instruments: open market policy, lombard loans, bills with warrants, twice bills, foreign currency bills, minimum reserve requirements. Slovenia has to use open market policy instruments as the core instrument, refinancing policy should have a safety valve function to satisfy unexpected needs for the central bank money.
Keywords: open market policy, refinancing, loans, securities, minimum reserve requirements
Zveřejněno: 1. únor 2002 Zobrazit citaci
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