Finance note

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Issue:

Business

 

Written by:

Cathleen R

 

Date added:

October 5, 2015

 

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Grade:

A

 

No of pages / words:

3 / 749

 

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7826 times

 

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Essay content:

„This will make it no feasible for them to do anything with their exchange rates,” he said. The draft Monetary Union Treaty spells out the functions of a proposed GCC monetary authoritym which will eventually becoma the region’s currency- issuing central bank, eplacing the current national authorities...
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In the EURO zone shouldn’t exceed 2 % yearly ( in Hungary it’s 3-4%). current inflation rate: the prices of this September referring to the prices of last September. INlfation targeting: the aim of the central bank is to keep the inflation rate low. Conduct of monetary policy (the short-term interest rate is functioning as the main policy instrument), lender of last resort Instrument: short-term interest rate (S/T interest rate)two-week lending or refinancing Refinancing loans: given to commercial banks for 2 weeks term Rates of the financing rate is set up 1 % higher than the base rate...
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