1359 words essay on International Monetary Fund. The International Monetary Fund (IMF) has a part in shaping the global economy since the end of World War II.
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The qualitative measures do not regulate the total amount of credit created by the commercial banks. These measures make distinction between good credit and bad credit and regulate only such credit, which creates economic instability.
Non-monetary policy for controlling excess demand and deficient demand involves: i. Expansion and contraction of output ii. Suitable wage policy iii. Price control and rationing.
Monetary policy is concerned with the changes in the supply of money and credit. It refers to the policy measures undertaken by the government or the central bank to influence the availability, cost and use of money and credit with the help of monetary techniques to achieve specific objectives.
Some of the most essential qualities of a good monetary standards are simplicity, elasticity, economical, stability, convertibility, legality, automatic working and economic development.
Some of the most important features of Monetary Economy are Money is generally accepted as a medium of exchange, monetary economy has greater liquidity than the barter economy has and In a monetary economy, individuals also use money as an asset.