Под инструментами денежно-кредитной политики подразумеваются способы воздействия центрального банка на денежно-кредитную сферу посредством формирования определенных условий на денежном рынке и рынке капиталов.


Чтобы посмотреть этот PDF файл с форматированием и разметкой, скачайте файл и откройте на своем компьютере.
��32 LZ[ebpZ P_glju hl\_lkl\_gghklb[ZgdZ 0 1 2 3 Ijbf_qZgb_ JZajZ[hldZZ\lhjZ Hq_\b^ghqlhgZqZevgbdb \Zexlh - h[f_ggh]himgdlZhi_jZpbhggh - dZkkh\h]hmaeZhl^_eZieZl_`guo dZjlhq_db^_ihablgh]hhl^_eZ h^gh\j_f_gghhl\_qZxlaZ^hoh^uk\h_]hih^jZa^_e_gbylh\j_fydZd gZqZevgbddj_^blgh]hhl^_eZhl\_qZ_ldZdaZ^hoh^ulZdbaZaZljZluihwlhfm\ha]eZ\ey_fucbfhl^_e y\ey_lkyp_gljhfijb[uebf_kl_kl_fmdZaZggu_\lZ[ebp_p_gljuaZljZlg_ijbghkyl [Zgdm^hoh^h\ Zlj_[m_lebrv^hihegbl_evguojZkoh^h\ke_^h\Zl_evghihkms_kl\my\eyxlkyp_gljZfbaZljZl Hj]ZgbaZpbhggh - mijZ\e_gq_kdb_kljmdlmju\j_ZevghcijZdlbd_bf_xlagZqbl_evgh_fgh]hh[jZab_ h[mkeh\e_ggh_hlghr_gbyfbkh[kl\_gghklbkl_i_gvx^b\_ jkbnbpbjh\Zgghklb^_yl_evghklbfZkrlZ[Zfb ^_yl_evghklb[ZgdZih wlhfmij_^eZ]Z_fucih^oh^g_bkdexqZ_lgZebqbyhkh[_gghkl_cgZb[he__ihegh hljZ`ZxsbokmsghklvmijZ\e_gbydhgdj_lguf[Zgdhf LZdbfh[jZahfdhgp_ipbyp_gljh\hl\_lkl\_gghklby\ey_lkywnn_dl b\gufbgkljmf_glhff_g_^`f_glZ ^eynhjfbjh\Zgbyh[hkgh\Zgghckbkl_fu fhlb\Zpbhgguodjbl_jb_\iheh`_gguo\hkgh\m^_yl_evghklb gZqZevgbdh\p_gljh\^hoh^h\bijb[ue_cqlh\p_ehf[m^_lkihkh[kl\h\Zlv m\_ebq_gbxijb[ueb[ZgdZ Kibkhd bkihevah\Zgguo bklhqgb dh\ 1. Dhgp_ipbyp_gljh\hl\_lkl\_gghklb �We_dljhggucj_kmjk@ . 2015. J_`bf^hklmiZ http://www.bibliotekar.ru/kodex - 11 - 9/120.htm. �ZlZ^hklmiZ �MD P?EBBBGKLJMF?GLU�?G?@GH - DJ?�BLGHCIHEBLBDB G:KHJ?F?GGHFWL:I? GKDh\_jdh dmjk GZmqgucjmdh\h^bl_ev B:IZgdh\_p klZjrbc ij_ih^Z\Zl_ev Ihe_kkdbc]hkm^Zjkl\_ggucmgb\_jkbl_l �_g_`gh - dj_^blgZyiheblbdZy\ey_lky\Z`g_crbfgZijZ\e_gb_f]hkm^Zjkl\_ggh]hj_]mebjh\Zgbywd h ghfbdbNhjfbjh\Zgb_^_g_`gh - dj_^blghciheblbdb]hkm^Zj kl\Zy\ey_lkyh^gbfbag_h[oh^bfuomkeh\bc mklhcqb\h]hjZa\blby]hkm^Zjkl\ZHgZhdZau\Z_lh]jhfgh_\ebygb_dZdgZkZfh]hkm^Zjkl\h\p_ehflZdb gZdZ`^h]h_]h]jZ`^ZgbgZ\qZklghklb LZd\;Zgdh\kdhfdh^_dk_J_kim[ebdb;_eZjmkv\klZlv_hij_^_e_ghq lh^_g_`gh - dj_^blgZyiheblbdZ y\ey_lkykhklZ\ghcqZklvx_^bghc]hkm^Zjkl\_gghcwdhghfbq_kdhciheblbdbLZf`_\klZlv_nbdkbj m _lkyg_aZ\bkbfhklvGZpbhgZevgh]h[ZgdZ\k\h_c^_yl_evghklbkhhl\_lkl\bbkwlbfbijbgpbiZfb\uj Z [hldZbhkms_kl\e_gb_^_g_`g h - dj_^blghciheblbdbijhbkoh^bl\khklZ\_wlZih\h[s_]hijhp_kkZnhjf b jh\ZgbykljZl_]bbblZdlbdbwdhghfbq_kdhciheblbdbZlZd`___j_ZebaZpbbIjbwlhfh[_ki_qb\Z_lkydZd \gmlj_ggyykh]eZkh\Zgghklvf_jhijbylbcjZa\blby^_g_`gh - dj_^blgh]hk_dlhjZlZd\g_ rg__bokh]eZkh\ Z gb_kgZijZ\e_gbyfbw\hexpbbhklZevguok_dlhjh\wdhghfbdb�@ Ih^bgkljmf_glZfb^_g_`gh - dj_^blghciheblbdbih^jZamf_\Zxlkykihkh[u\ha^_ckl\byp_gljZevgh]h [ZgdZgZ^_g_`gh - dj_^blgmxkn_jmihkj_^kl\hfnhjfbjh\Zgbyhij_^_e_gguomkeh\bcgZ^_g_`ghfjugd_ bjugd_dZiblZeh\u[hjbgkljmf_glh\^_g_`gh - dj_^blghciheblbdb ^h\hevghrbjhdBkihevah\Zgb_ jZaebqguo\b^h\bgkljmf_glh\\Zjvbjm_lky\aZ\bkbfhklbhlgZijZ\e_gghklbwdhghfbq_kdhciheblbdb kljZgukl_i_gbhldjulhklb__wdhghfbdbkeh`b\rbokyljZ^bpbcbdhgdj_lguoh[klhyl_evkl\ [1]. dZq_kl\_hkgh\guobgkljmf_glh\^_g _`gh - dj_^blghciheblbdb\u^_eyxlhi_jZpbbgZhldjulhf jugd_baf_g_gb_mq_lghcklZ\db ^bkdhglgZyiheblbdZ baf_g_gb_ghjfh[yaZl_evguoj_a_j\h\ZlZd`_ g_dhlhju_f_jughkysb_`_kldbcZ^fbgbkljZlb\gucoZjZdl_j ��33 J_ZebaZpby^_g_`gh - dj_^blghciheblbdb\ ]h^mhkms_kl\eyeZkv\khklZ\_f_j_^bghc]hkm^Z j kl\_gghcwdhghfbq_kdhciheblbdbb\khhl\_lkl\bbkhkgh\gufbaZ^ZqZfbhij_^_e_ggufb\Hkgh\guo gZijZ\e_gbyo^_g_`gh - dj_^blghciheblbdbJ_kim[ebdb;_eZjmkvgZ]h^kmq_lhfkdeZ^u\Zxs_cky fZdjhwdhg hfbq_kdhckblmZpbb Hkgh\gufblh]hfj_ZebaZpbb^_g_`gh - dj_^blghciheblbdb\]h^mklZehkhojZg_gb_fZdjhwdhg h fbq_kdhcklZ[bevghklbbnhjfbjh\Zgb_jy^Zihablb\guol_g^_gpbc\wdhghfbd_b^_g_`gh - dj_^blghc kn_j_\lhfqbke_gZ\gmlj_gg_f\Zexlghfb^_i hablghfjugdZo Ijhp_glgZyiheblbdZh[_ki_qb\ZeZijb\e_dZl_evgu_mkeh\by^eyk[_j_`_gbc\[_ehjmkkdbojm[eyo^ h oh^ghklvdhlhjuoij_\urZeZ^hoh^ghklvk[_j_`_gbc\bghkljZgghc\Zexl_bmjh\_gvbgneypbb �bgZfbdZklZ\dbj_nbgZgkbjh\ZgbybklZ\hdihbgkljmf_g lZfGZpbhgZevgh]h[ZgdZhij_^_eyeZkv\k h hl\_lkl\bbkl_dmsbfbijh]ghabjm_fufmjh\g_fbgneypbbfZdjhwdhghfbq_kdbfbmkeh\byfbbg_h[o h ^bfhklvxih\ur_gby^hklmighklbdj_^blh\\gZpbhgZevghc\Zexl_ Keh`b\rb_kygZgZqZeh]h^ZihdZaZl_eboZjZdl_jbamxsb _mklhcqb\hklvjZ[hlu[Zgdh\fh`gh hp_gblvdZdm^h\e_l\hjbl_evgu_�heyijh[e_fguoZdlb\h\\Zdlb\Zoih^\_j`_gguodj_^blghfmjbkdmgZ yg\Zjy]khklZ\beZijhp_glZihkjZ\g_gbxkijhp_glZgZyg\Zjy]Ki_pbZevguc j_a_j\gZihdjulb _\hafh`guom[uldh\ihZdlb\Zfih^\_j`_ggufdj_^blghfmjbkdmknhjfbjh\Zg\g _ h[oh^bfhfh[t_f_IhdZaZl_ev^hklZlhqghklbghjfZlb\gh]hdZiblZeZ[Zgdh\kdh]hk_dlhjZm\_ebqbekyk ijhp_glZgZyg\Zjy]h^Z^hijhp_glZgZyg\Zjy]h^Z Ih blh]Zf]h^Z[_ehjmkkdbfb[ZgdZfbihemq_gZijb[uev\jZaf_j_ljegjm[e_cqlhgZ ijhp_glZ[hevr_ihkjZ\g_gbxk]h^hfIjbwlhfj_glZ[_evghklvZdlb\h\[Zgdh\\]h^h\hfbkqbke _ gbbgZyg\Zjy]khklZ\beZijhp_glZkgbab\rbkvkg ZqZeZ]h^ZgZijhp_glgh]himgdlZ LZd`_mf_gvrbeZkvj_glZ[_evghklvghjfZlb\gh]hdZiblZeZgZijhp_glgh]himgdlZ^hijhp_glZ f_kl_kl_f\]h^mg_\iheghcf_j_h[_ki_q_gZmklhcqb\Zyk[ZeZgkbjh\Zgghklv\g_rg_wdhghfbq _ kdbohi_jZpbc KhojZgyxlbgl_gkb\ghklvbgneypbhggu_ijhp_kku�@ Kh]eZkghMdZamIj_ab^_glZJ_kim[ebdb;_eZjmkvhl]H[ml\_j`^_gbbhkgh\guo gZijZ\e_gbc^_g_`gh - dj_^blghciheblbdbJ_kim[ebdb;_eZjmkvgZ]h^]eZ\ghcp_evx^_g_`gh - dj_^blghcihebl bdby\ey_lkykh^_ckl\b_mklhcqb\hfmbk[ZeZgkbjh\ZgghfmjZa\blbxwdhghfbdbkljZgu q_j_aih^^_j`Zgb_p_gh\hcklZ[bevghklbHkgh\ghcaZ^Zq_c^_g_`gh - dj_^blghciheblbdb\]h^m hklZg_lkykgb`_gb_bgneypbbbaf_jy_fhcbg^_dkhfihlj_[bl_evkdbop_g^hij hp_glh\ ^_dZ[jv ]d^_dZ[jx] Ih^^_j`Zgb_^_g_`gh]hij_^eh`_gbygZZ^_d\Zlghfmjh\g_[m^_lkihkh[kl\h\Zlv kgb`_gbxfhg_lZjguonZdlhjh\\bgneypbbH[s_]hkm^Zjkl\_gghcaZ^Zq_c\]h^mhklZg_lkyih^^_ j `Zgb_mjh\gyahehlh\Zexlguoj_a_j\h\\ mkeh\byoagZqbl_evguo\uieZlih\g_rgbfb\gmlj_ggbfh[ya Z l_evkl\ZfJ_kim[ebdb;_eZjmkv Bgkljmf_glu^_g_`gh - dj_^blghciheblbdb\]h^m[m^mlgZijZ\e_gugZh]jZgbq_gb_bgneypbbk mq_lhfkdeZ^u\Zxsboky\g_rgbob\gmlj_ggbofZdjhwdhghfbq_kdbomkeh\bc K lZ\dZj_nbgZgkbjh\Zgby[m^_lb]jZlvdexq_\mxjhev\nhjfbjh\Zgbbklhbfhklbj_kmjkh\gZ^_g_ ` ghfjugd_HgZ[m^_lih^^_j`b\ZlvkygZmjh\g_g_h[oh^bfhf^ey^hklb`_gbyp_gh\hcklZ[bevghklb\ wdhghfbd_ Kmq_lhfaZf_^e_gbybgneypbbkj_^g_]h^h\h_agZq_gb_klZ\ dbj_nbgZgkbjh\Zgby\]h^mkeh`blky gZmjh\g_ ijhp_glh\]h^h\uo IheblbdZijhp_glguoklZ\hd\]h^mh[_ki_qblboih^^_j`Zgb_gZiheh`bl_evghf\j_Zevghf\ u jZ`_gbbmjh\g_H[_ki_q_gb_ijb\e_dZl_evghklbbkhojZgghklbk[_j_`_gbc\[_ehjmkkdbo jm[eyo[m^_l hkms_kl\eylvkyiml_fij_\ur_gbybo^hoh^ghklbgZ^^hoh^ghklvxk[_j_`_gbc\bghkljZgghc\Zexl_ KhojZgylkyjughqgu_mkeh\byj_nbgZgkbjh\Zgby[Zgdh\kbkihevah\Zgb_fklZg^Zjlguobgkljmf_glh\ j_]mebjh\Zgbyebd\b^ghklb Ijh^he`blkyijh\_^_gb_dmj kh\hciheblbdbgZijZ\e_gghcgZk]eZ`b\Zgb_j_adbodhe_[Zgbch[f_gg h ]hdmjkZ[_ehjmkkdh]hjm[ey?]h^bgZfbdZ[m^_lnhjfbjh\Zlvkyih^\ha^_ckl\b_fnmg^Zf_glZevguofZ d jhwdhghfbq_kdbonZdlhjh\ GZpbhgZevguc[ZgdJ_kim[ebdb;_eZjmkv\]h^mijh^he`bljZ[h lmgZijZ\e_ggmxgZih\ur_gb_ mklhcqb\hklb[Zgdh\kdh]hk_dlhjZnhjfbjh\Zgb_mkeh\bc^ey^Zevg_cr_]hjZa\blbyb\g_^j_gbygh\uo [Zgdh\kdbol_ogheh]bcih\ur_gbyklZg^Zjlh\bdZq_kl\Z[Zgdh\kdbomkem] IeZgbjm_lkyijh\_^_gb_f_jhijbylbcihih\ur_gbxwnn_dlb \ghklb[Zgdh\kdh]hgZ^ahjZiml_f\g_ ^ j_gbyf_`^mgZjh^guoklZg^Zjlh\j_]mebjh\Zgby^_yl_evghklb[Zgdh\ �Zevg_cr__jZa\blb_ihemqblg_[Zgdh\kdbck_]f_glnbgZgkh\h]hjugdZ\lhfqbke_ebabg]fbdjhn b gZgkbjh\Zgb_kljZoh\u_mkem]b\g_[bj`_\u_nbgZgkh\u_bgk ljmf_glu ]h^mijh^he`blkyh[_ki_q_gb_wnn_dlb\gh]hgZ^_`gh]hb[_ahiZkgh]hnmgdpbhgbjh\Zgbyie Z l_`ghckbkl_fu\lhfqbke_baZkq_lkh\_jr_gkl\h\ZgbyghjfZlb\ghcijZ\h\hc[Zau\wlhckn_j_p_g h \hciheblbdbgZjZkq_lgu_mkem]bbjZa\blbywe_dljhg gh]h^hdmf_glhh[hjhlZIjh^he`blkyjZ[hlZihf b gbfbaZpbbjbkdh\\ieZl_`ghckbkl_f_gZhkgh\_memqr_gbymijZ\e_gbyebd\b^ghklvxjZa\blbyijh]jZ f fgh - l_ogbq_kdhcbgnjZkljmdlmjukmq_lhff_`^mgZjh^guoklZg^Zjlh\hkms_kl\e_gbyjbkd - hjb_glbjh\Zggh]hgZ^ahjZ ��34 Blh]hfj_ZebaZpbb^_g_`gh - dj_^blghciheblbdbklZg_l^Zevg_cr__aZf_^e_gb_bgneypbhgguoijhp_ k kh\khojZg_gb_fZdjhwdhghfbq_kdhcbnbgZgkh\hcklZ[bevghklb�@ Kibkhd bkihevah\Zgguo bklhqgbdh\ 1. LZjZkh\B&#x-2;&#x-4;�_gv]bdj_^bl[ZgdbMq_[gihkh[b_ Fg FbkZglZ k 2. ;Zgdh\kdbcdh^_dkJ_kim[ebdb;_eZjmkvDh^_dkJ_ki;_eZjmkvhdl] - A\j_^AZdhgZJ_ki; _ eZjmkvhl]DhgkmevlZglIexk;_eZjmk�vWe_dljhggucj_kmjk@ 3. MdZaIj_ab^_glZJ_kim[ebdb;_eZjmkvhl ^_dZ[jy]H[ml\_j`^_gbbHkgh\guogZijZ\e_gbc^ _ g_`gh - dj_^blghciheblbdbJ_kim[ebdb;_eZjmkvgZ]h^DhgkmevlZglIexk;_eZjmkv�We_dljhggucj_kmjk@ 4. Ij_kk - j_ebaHjZkrbj_gghfaZk_^ZgbbIjZ\e_gbyGZpbhgZevgh]h[ZgdZJ_kim[ebdb;_ eZjmkvhl �We_dljhggucj_kmjk@ - J_`bf^hklmiZ http://www.belta.by/ . �ZlZ^hklmiZ �MD :G:EBA�BKL:GPBHGGUO;:GDHKDBOMKEM= J?KIM;EBD?;?E:JMKV �:Dhjh\ZcqbdK Kl_fidh\kdZy , dmjk GZmqgucjmdh\h^bl_ev EIheh^vdh dwg^hp_gl Ihe_kkdbc]hkm^Zjkl\_ggucmgb\_jkbl_l KjZa\blb_fbgnhjfZpbhgguol_ogheh]bcbijh]jZffgh]hh[_ki_q_gbyl_fZ�bklZgpbhggh_[Zgdh \ kdh_h[kem`b\Zgb_y\ey_lkyZdlmZevghcgZk_]h^gyrgbc^_gv�bklZ gpbhggh_[Zgdh\kdh_h[kem`b\Zgb_ �;H h[_ki_qb\Z_lrbjhdb_\hafh`ghklb^ey[Zgdh\bdeb_glh\[Zgdh\[ukljuc^hklmidijh^mdlZfb mkem]Zfg_aZ\bkbfhhl\j_f_gbbf_klhiheh`_gbydeb_glZkgb`_gb_ba^_j`_d\hafh`ghklb]_h]jZnbq _ kdh]hjZkrbj_gbybijhgbdgh\ _gbygZgh\u_jugdbklbfmeu^eyhk\h_gbygh\uo[Zgdh\kdboijh^mdlh\ �;HjZkijhkljZg_gghdZdkj_^bxjb^bq_kdboebplZdbkj_^bnbabq_kdbo Ih^�;Hfh`ghihgbfZlvhij_^_e_ggucgZ[hj^bklZgpbhgguo[Zgdh\kdbomkem]ij_^hklZ\ey_fuo deb_glmkbkihevah\Zgb_f jZaebqguowe_dljhgguodZgZeh\^hklZ\dbbkh[jZgguo\h^ghc_^bghckbkl_f_ ^eydZ`^h]hbadZgZeh�\F@ Ij_^hklZ\ey_fu_[Zgdhf^bklZgpbhggu_mkem]bmkeh\ghfh`ghdeZkkbnbpbjh\Zlvihg_kdhevdbfdj b l_jbyf ihdZgZeZf^hklZ\dbklZpbhgZjgucl_e_nhgf h[bevgZyk\yavbgl_jg_lmkljhckl\ZkZfhh[ke m `b\Zgby ihkn_j_ijbf_g_gby%XVLQHVV ^eydhjihjZlb\guodeb_glh\ &RQVXPHU ^eyqZklguodeb_ g lh\  ihieZlghklbieZlgu_mkem]b[_kieZlgu_mkem]b�@ h[s_fki_dlj_[Zgdh\kdbomkem]^bklZgpbhggu_ mkem]bkdZ`^uf]h^hfagZqbl_evghm\_ebqb\Zxlky DgbfhlghkylkylZdb_mkem]bdZd&DOO - p_glj,95606 - [Zgd606 - hih\_s_gb_L - [Zgdb^j m ]b_ gZklhys__\j_fykbkl_fu&#x-7;&#x-50;&#xg5Z;&#xk-3;&#xl3;&#xh-5;&#xys;&#x__;&#x-53;&#xj-;_;-6;&#xy-;Hk;³&#xkl;&#x_f-;u-;;&#x-50;;HklZgh\ylkyg_hlt_fe_fhcqZklvxih\k_^g_\ghc`bagb?s_g_kdhevdh e_lgZ aZ^lZdbfbkbkl_fZfbihevah\Zehkvlhevdhh]jZgbq_ggh_dhebq_kl\hex^_cZk_cqZkwlhklZehm`_ fZkkh\uflj_g^hflh`_\j_fy&#x-7;&#x-26;&#xl3h;&#x-5;&#x-26;&#x`4_;&#x-4;�j;&#x-3_;&#xf-6;&#xy;&#x-2;00;;Hbf__lk\hbij_bfms_kl\Z \hafh`ghklvmijZ\e_gbykq_lhf]b[dbc j_`bfk\yabk[Zgdhf\hafh`ghklvdhgljhey^hdmf_glhh[hjhlZ m^h[ghklv[Zgdh\kdh]hh[kem`b\Zgby ^hklmighklv[Zgdh\kdh]hh[kem`b\Zgbybfihjlbwdkihjl^hdmf_glh\\kemqZ_g_h[oh^bfhklb bg_^hklZ l db g_^hklZlhqgZykl_i_gvaZsblu\hafh`ghklv\uoh^Zkbkl_fubakljhyg_^h\_jb_khklhjhgudeb_glh\  uy\b\kZfu_jZki jhkljZgzggu_^bklZgpbhggu_[Zgdh\kdb_mkem]b �;M ijh\_^_gubkke_^h\Zgbyih bkihevah\Zgbxwlbomkem] - fy[ZgdZfJ_kim[ebdb;_eZjmkv lZ[ebpZ ). LZ[ebpZ IhdZaZl_eb^bklZgpbhgguo[Zgdh\kdbomkem]\J; ;_eZjmk[Zgd ;_eZ]jhijhf[Zgd ;_ebg\_kl IZjbl_l[Zgd ;IK 6. ;Zgd;_eW; ;G; ;_e]Zaijhf[Zgd

Приложенные файлы

  • pdf 85577865
    Размер файла: 506 kB Загрузок: 0

Добавить комментарий