Abstract

This study aims to determine the impact of monetary policy changes on currency stability in developing countries. This research approach collects data through literature studies, which involve reading literature from various sources including books, journals and reports using qualitative and deductive approaches. The findings in this study are In implementing monetary policy, the central bank has a crucial role in achieving economic stability in a developing country, some of these roles include controlling inflation, maintaining currency stability, regulating interest rates, maintaining balanced economic growth, providing certainty and guidance going forward, conducting open market operations, and stabilizing the financial system. Changes in monetary policy in a developing country will have an impact on currency stability in that country. Therefore, appropriate and effective monetary policy can help maintain currency stability, and can help control inflation, encourage economic growth, and increase export competitiveness.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.