Νομισματική Πολιτική

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Η κρυμμένη πλευρά της οικονομίας-Νοεμβριος 2011

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  • 1. 20111

2. .........................................................................................................................................3 ..........................................................................................................................................5 ..............................................................5. ..........................................................................................................7. .........................................................9. - ................................10. .......................................................................................................11. ............................................................................................................................................12IV. H ............................17V. .......................................................................................................................18 : . , . , . 2 3. , M.A. Rothschild, , 18 . . , , . , . . , . . . , 1 . . , (,, ) . , 20 30 , ( : legal tender) . , , . . , , , 1 .1266/1982 , . , , . ( ) . : ... . , (1995). 3 4. . ; . , . , , , . , , . . . , . , . , , , . . , , , ., . . , . , . - . 4 5. :) : , , . , , ().) : ( ). . , , . . 70, ( ). , , , , , , . 1844, Peel . (19. ), , , , . , , , , . 5 6. , Peel 100% , () , , . , Peel (), (, ), . , - (fractional reserve) . , , - Peel , . , (1844), , (, , ) . ( Fed 1913), , (lender of last resort), - ( , ). , , 17. 2004, ( ) USTreasur y Fed 89,3% . , .. ., , . - . 6 7. . , . , , . , - Mackenzine King, (1935) , , , . - Henry Ford, Ford Motor Company (1863-1947) () , , , . . , 60% () . ( 2010 1,4 . , 2.970,9 . ) , , , , , , , . ( ), () ( ) , . , , 91% , ( 5%), ; , , , 7 8. . . , , , , , ., , , . , . , , , , . (31/12/2010)8,93% 91,07%:X.A. , 8,93% , - 5% , . 2010, 20102009 5.005.114.5333.633.315.395 908.925.790947.530.824 200.915.553270.390.666 97.668.800.000 49.655.100.000 468.140.047435.391.713 1.131.910.5911.131.910.591 () 825.890.005766.668.842 190.452.292228.160.613 21.748.281.800 20.886.044.900 . . 905.348.233851.675.401 . target-2 87.088.090.137 49.036.062.655 2.385.419.6861.953.462.075 815.444.326805.307.7868 9. . : . , , (.2190/1920) , , . , , , (!) . , . , , , (1927) (12%) ( 71). , , . , .( 73) .( ( ) , 8 : . . : 35% , . (31/12/2010 - 8,93% ). , , , .( 5) , ! ( 47). , , . ( 48). . . , , , . , , , . ( ) 9 10. , . , . , , , .. - , , ( ). . , . ; , ; , , ( ). : , . : , , () 105 1 . () ( ) ( ) , . :A ( 3), . , . , ( 74). 10 11. .. , . , , . . , Glass-Stegall2 (1999) , , (derivatives), . , . , . . () , (), , , . , . , , . , 2 Glass-Steagall Act 1933 1999, , , - (.. ), . O 66 , . . FED . , Gramm-Leach-Bliley Act, 1999.11 12. . . , , , . , , , , .. , , . () ( ) . ( ) (0 2%) . (). , , 65% . , ( ) . ( ) , , . 12 13. ( & )- (%)2001 2002200320042005 2006 2007 2008 2009 20102.41.6 1.5 1.9 2.52.3 1.84.502.3 2.32.420.9 1.71.9 1.73.6 1.1 2.22.41.311.8 1.91.8 2.32.8 0.2 1.23.73.9 3.433.53.33 4.2 1.3 4.7 2.83.6 3.1 3.1 3.43.62.8 4.1 -0.3 1.81.81.9 2.2 2.3 1.91.9 1.63.2 0.1 1.7 4 4.742.3 2.22.7 2.93.1-1.7-1.62.32.6 2.8 2.3 2.22.22 3.5 0.8 1.62.42.1 2.5 3.2 3.8 32.74.102.85.13.9 2.2 1.4 1.51.7 1.62.210.9 2.31.7 1.322.11.7 2.23.2 0.4 1.74.43.7 3.3 2.5 2.1 32.42.7-0.9 1.4 2.7 21.3 0.1 0.81.3 1.63.9 1.9 1.7 2.7 22.310.81.5 1.73.3 1.6 1.9 1.21.3 1.4 1.3 2.12.3 2.33.6 2.2 3.3 2.32.12 22.12.2 2.33.712.1 3 2001, 2001-2003 (10-12% 3,5%). . , ( 3 ), . ( : ) , . , , , . , , , 2% .13 14. - ( ) :) 40% 1 22,5%. / 8 7 6 5 4 3 2 1 0 2003 2004 2005 2006 2007 2008 2009 201014 15. ) 40%(39,67%), 7%.) 30,58% , () . , ( ) . , , , , , ( ) . , , , , . , , , . , . , ( ). 3 (-18% 2009) . , ! 2001-2010 197,720 !!3 , , . , . . - . , . . . , . , . , , , . 15 16. 1960 1990, , , 0% 5% . . , 2000 18% 2009. T (%) ( ) . . , , , , . 16 17. , , , . , , , , . - -, , , , .IV. H , . ( ). (), , , , . , 2001: 152 . , () (2001-2010) 313.704 , , , 2010, 328.588 !, . ( 3 6 ) (2001-2010) 466.094 , 2010, 328.588 2001, 152 ( -). 83,925 , 2001-2010, 101,906 , 21,4% . , : , , .17 18. , , ( - ) , . , . . , , . - , , . . ( 2 ) , , , .V. , 2001-2010 , 61,24% 110,68%, ( , , , - ,). 60 (720 ) , 15,7 ( . 2011), 6 ! , 3 , . (.. 1611/1950) , . ( ) , ; , . , , . . , , , ; 18 19. . : () (), () ( ), () ( ). , , ( & ) . . , , , . , , , . , , , 10 , 2009. ; , . , , , , . 19 20. http://www.casss.gr/PressCenter/Articles/2244.aspx http://www.greekshares.com/gr/central_banks_gr.php http://news.kathimerini.gr/4dcgi/_w_articles_economy_1_15/04/2007_223406 http://www.sofokleous10.gr/portal2/toprotothema/toprotothema/fed-------2011050136222/ http://spiros26.wordpress.com http://www.imdleo.gr/diaf/2007/08a-money_control.pdf http://www.euro2day.gr/thebanker/234/articles/658791/ArticleTheBanker.aspx http://europedia.moussis.eu/books/Book_2/2/4/2/1/index.tkl?lang=gr&all=1&s=1&e=10 http://www.epistimonikomarketing.gr/article_show.php?article_id=1353 http://www.casss.gr/PressCenter/Articles/2326.aspx http://nomothesia.ependyseis.gr/eu-law/getFile/%CE%91%CE%9D+1665+1951.pdf?bodyId=560783 http://library.panteion.gr:8080/dspace/bitstream/123456789/987/1/diplas.pdf . . . , . . . , , , . . ., . - B. Brecht 20