Please use this identifier to cite or link to this item: https://scidar.kg.ac.rs/handle/123456789/15382
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dc.rights.licenseAttribution-NonCommercial-NoDerivs 3.0 United States*
dc.contributor.authorFurtula, Srđan-
dc.contributor.authorKostić, Milan-
dc.date.accessioned2023-01-15T17:55:15Z-
dc.date.available2023-01-15T17:55:15Z-
dc.date.issued2017-
dc.identifier.citationFurtula,S. & Kostić,M.(2017).Key Policy Rate as the Main or Additional Instrument of Inflation Targeting Strategy in Serbia. Economic Themes,55(2) 143-159. https://doi.org/10.1515/ethemes-2017-0009en_US
dc.identifier.issn2217-3668en_US
dc.identifier.urihttps://scidar.kg.ac.rs/handle/123456789/15382-
dc.description.abstractIn achieving price stability as the primary objective of monetary policy, the National Bank of Serbia uses the key policy rate as the main instrument of monetary policy, while other instruments have a supporting role - contribute to a smooth transmission of the key policy rate on the market, as well as the development of financial markets. However, because the conditions in which economic and financial system of the Republic of Serbia works, transmission mechanism of monetary policy is conducted mainly through the exchange rate channel, while the channel of interest rates almost did not work. The great impact the exchange rate channel is determined by the great influence of the single currency euro and the ECB on our country. Therefore, the aim of this paper is to analyse the efficiency of the key policy rate as a monetary policy instrument, because in recent years the primary instrument receives a secondary character in the monetary regulation.en_US
dc.language.isoenen_US
dc.rightsinfo:eu-repo/semantics/openAccess-
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/us/*
dc.sourceEconomic Themesen_US
dc.subjectNational Bank of Serbiaen_US
dc.subjectinflationen_US
dc.subjectmonetary policyen_US
dc.subjectkey policy rateen_US
dc.subjectforeign exchange marketen_US
dc.titleKey Policy Rate as the Main or Additional Instrument of Inflation Targeting Strategy in Serbiaen_US
dc.typearticleen_US
dc.description.versionPublisheden_US
dc.identifier.doi10.1515/ethemes-2017-0009en_US
dc.type.versionPublishedVersionen_US
Appears in Collections:Faculty of Economics, Kragujevac

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