Monetary Policy: The Specifics and Features of Implementation at the Present Stage of Economic Development

Abstract

The article examines characteristics of central banks' monetary policy in current conditions in the context of the evolution of their goals and objectives at different stages of economic development. Arguing that the choice of goals and objectives are identified by objective factors, the author concludes that the global crisis, responding the challenges and constraints in choosing the directions of monetary policy has become the next starting point in its evolution.