THE MODERN APPROACHES TO DETERMINATION OF MAIN POINT AND CLASSIFICATION OF TOOLS OF MONETARY INFLUENCE ON ECONOMY

Abstract

Modern practice of regulation of social and economic development both in developed, and in developing countries stresses, that powerful and sufficiently effective mechanism of influence on economic development is the monetary policy of the central banks. Importance of scientific substantiation effective monetary policy and structurally balanced system of monetary instruments is significantly growing in the reformation and the formation of the national economy, in the definition of regulatory significance in overcoming the crisis and facilitating the development. Effective stimulatory monetary policy can provide the impetus for the growth of the economy, to create conditions for high and stable rate of expanded reproduction. Therefore, search the optimal limits of state intervention in the monetary sphere, effective combinations of monetary instruments, management mechanism of monetary regulation allows purposefully and effectively influence on economic processes and ensure stable economic growth, which is extremely important for the national economy. There is analysis of the concepts, approaches and areas of economic thought to determine the monetary methods of economic regulation, based on a synthesis, which formed the author's definition of the "monetary instruments" and improved classification in the article.

Keywords

• monetary policy
• monetary instruments
• monetary regulation