Operational activity of the central bank
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Date
2017
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Sumy State University
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Abstract
The paper presents the results of the investigation of central bank’s operations from theoretical and practical
point of view. Theoretical aspects of the open market operations were analyzed. The definition of the open
market operations was formulated. The principles was formed, the typology and the classification of the open
market operations was developed. The features, main advantages and disadvantages of such transactions was
defined. The issues of the interdependence of the three levels of monetary policy’s aims and its relationship
with operational tools of the central bank were considered.
Keywords
monetary policy instruments, інструменти грошово-кредитної політики, инструменты денежно-кредитной политики, central bank, центральний банк, центральный банк, open market operations, операції на відкритому ринку, операции на открытом рынке, refinancing operations, рефінансування операції, рефинансирование операций, certificates of deposit, депозитні сертифікати, депозитные сертификаты
Citation
Lanovyi, V. (2017). Operational activity of the central bank. Financial Markets, Institutions and Risks, 1(2), 60-70. http://doi.org/10.21272/fmir.1(2).60-70.2017.