MONETARY POLICY AND THE FINANCIAL CRISIS: METHODOLOGY AND LESSONS
Keywords:
Financial market; asset securitization; financial derivatives; price targeting; inflation targeting; speculative bubbles; transmission mechanism; interest rate; money-credit policy; net profitability of business activity; liquidity; integral version of monetary policy.Abstract
The article discusses issues of integration within the financial market; reforming market regulation institutions and creating mega-regulators; reassessment of central bank functions; modification of monetary policy; speculative bubbles in the stock market; features of the monetary policy of the Central Bank of Uzbekistan; functioning of the transmission mechanism of the monetary policy of Uzbekistan; transition of the Central Bank of Uzbekistan to inflation targeting; integral version of monetary policy.
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