{"id":32000,"date":"2024-10-28T15:16:52","date_gmt":"2024-10-28T11:16:52","guid":{"rendered":"https:\/\/cue.edu.ge\/?post_type=articles&p=32000"},"modified":"2025-05-21T16:16:08","modified_gmt":"2025-05-21T12:16:08","slug":"impact-of-globalization-on-monetary-policy","status":"publish","type":"articles","link":"https:\/\/cue.edu.ge\/en\/articles\/impact-of-globalization-on-monetary-policy\/","title":{"rendered":"Impact of Globalization on Monetary policy"},"content":{"rendered":"
\n

Teona Grigolashvili<\/strong><\/p>\n

Doctor of Business Administration, \u00a0Associate Professor, Kutaisi University<\/p>\n

teona.grigolashvili@unik.edu.ge<\/a><\/p>\n

Maiya Grigolashvili<\/strong><\/p>\n

Master of Economics and Financial Sciences, Karaganda Buketov University<\/p>\n<\/div>\n

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\u10d0\u10d1\u10e1\u10e2\u10e0\u10d0\u10e5\u10e2\u10d8<\/strong>The process of globalization has a major impact on monetary policy, which affects how central banks develop and carry out their strategies. In condition of globalization, economies are more interdependent, leading to increased financial and economic flows across borders. Central banks are frequently required to assess the influence of exchange rate variations on their domestic economy since they might affect export competitiveness, import pricing, and inflation.<\/p>\n

In present there are list of ways how globalization influences monetary policy. In this article we are going to emphasize the relationship between monetary policy and economic variables.<\/p>\n<\/div>\n

\u10e1\u10d0\u10d9\u10d5\u10d0\u10dc\u10eb\u10dd \u10e1\u10d8\u10e2\u10e7\u10d5\u10d4\u10d1\u10d8:<\/strong>\u00a0Monetary policy, Central Banks, Money Supply, Inflation<\/div>\n
JEL:<\/strong>\u00a0E52, E58, E51, E31<\/div>\n
DOI:<\/strong>\u00a0https:\/\/doi.org\/10.52244\/c.2023.11.11<\/strong><\/a><\/div>\n
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\u10ea\u10d8\u10e2\u10d8\u10e0\u10d4\u10d1\u10d8\u10e1\u10d0\u10d7\u10d5\u10d8\u10e1:<\/strong>Grigolashvili T., Grigolashvili M. (2023) Impact of Globalization on Monetary Policy. International Scientific Conference “Human Capital, Institutions, Economic Growth”. Proceedings. Kutaisi University. pp. 91 – 95. DOI:\u00a0 https:\/\/doi.org\/10.52244\/c.2023.11.11<\/p>\n<\/div>\n

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\u10e1\u10e2\u10d0\u10e2\u10d8\u10d0<\/strong><\/a><\/h4>\n<\/div>\n
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\u10d2\u10d0\u10db\u10dd\u10e7\u10d4\u10dc\u10d4\u10d1\u10e3\u10da\u10d8 \u10da\u10d8\u10e2\u10d4\u10e0\u10d0\u10e2\u10e3\u10e0\u10d0:<\/strong><\/p>\n

Bernanke, B. S., Boivin, J., & Eliasz, P. (2005). Measuring the effects of monetary policy: a factor-augmented vector autoregressive (FAVAR) approach.\u00a0The Quarterly journal of economics<\/em>,\u00a0120<\/em>(1), 387-422.<\/p>\n

Boeck, M., & Mori, L. (2023). US Monetary Policy and Globalization: A Time-Varying Perspective.<\/p>\n

Borio, Claudio E.V., and Andrew Filardo. (2007) \u201cGlobalisation and Inflation: New CrossCountry Evidence on the Global Determinants of Domestic Inflation.\u201d BIS Working Paper No. 227.<\/p>\n

Kamin, S. B. (2011). Financial globalization and monetary policy.<\/p>\n

Mishkin, F. S. Globalization, Macroeconomic Performance, and Monetary Policy.\u00a0Journal of Money, Credit and Banking<\/em>,\u00a041<\/em>, 187-196.\u00a0https:\/\/doi.org\/10.1111\/j.1538-4616.2008.00204.x<\/a><\/p>\n<\/div>\n","protected":false},"featured_media":0,"template":"","meta":{"_acf_changed":false},"gonisdziebebi":[101],"class_list":["post-32000","articles","type-articles","status-publish","hentry","gonisdziebebi-2023-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/cue.edu.ge\/en\/wp-json\/wp\/v2\/articles\/32000","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cue.edu.ge\/en\/wp-json\/wp\/v2\/articles"}],"about":[{"href":"https:\/\/cue.edu.ge\/en\/wp-json\/wp\/v2\/types\/articles"}],"wp:attachment":[{"href":"https:\/\/cue.edu.ge\/en\/wp-json\/wp\/v2\/media?parent=32000"}],"wp:term":[{"taxonomy":"gonisdziebebi","embeddable":true,"href":"https:\/\/cue.edu.ge\/en\/wp-json\/wp\/v2\/gonisdziebebi?post=32000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}