Origin and Relevance of Refinance as an Instrument of a Central Bank's Regulation

DOI

10.2991/emle-17.2017.27How to use a DOI?

Keywords

money; monetary system; central bank (CB); CB assets; refinance; central bank interest rates

Abstract

Refinance as an instrument of a central bank's regulation presents the subject matter of this paper. Its goal is to analyze this instrument in terms of its conformity with the nature of money under modern monetary system. Refinance, as a central bank's instrument, appeared in response to the gold-standard monetary system and, under present conditions, there is a market type of the system involving different instruments to regulate various market processes. A conclusion has been made in the result of the present review on a contradictory practice of refinance; it does not promote any balanced market development in the area of money circulation. The methods of investigation, which have been applied, included analysis and synthesis, the organic flow of presentation of the material and some other. The field of application of the research results is a central bank's regulative activities.

Copyright

© 2017, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Yury Kropin
PY  - 2017/12
DA  - 2017/12
TI  - Origin and Relevance of Refinance as an Instrument of a Central Bank's Regulation
BT  - Proceedings of the 3rd International Conference on Economics, Management, Law and Education (EMLE 2017)
PB  - Atlantis Press
SP  - 125
EP  - 128
SN  - 2352-5428
UR  - https://doi.org/10.2991/emle-17.2017.27
DO  - 10.2991/emle-17.2017.27
ID  - Kropin2017/12
ER  -