Politica valutară, intervenţiile şi managementul cursului valutar oficial USD/MDL [Articol]

Abstract

Foreign exchange policy plays an extremely important role in ensuring the stability of exchange rates, prices and economic growth. Central banks, especially those in developing countries, intervene in the foreign exchange market to build up reserves or available to the country's banks. Their purpose is often to stabilize the exchange rate. The success of foreign exchange intervention depends on how the central bank sterilizes the impact of its interventions, as well as on the general macroeconomic policies established by the government.