It is an undeniable fact that the cutting edge of the so-called "globalization" is the broader monetary and financial system, which extends to all economies of the world, providing competitiveness, flexibility, and mobility to existing financial resources that seek maximum efficient placement and minimization of risks.
This general situation has been the impetus for the necessity of creating new financial institutions and new financial products, providing the capitalist system with the ability to satisfy and exploit to the fullest the inner desires of individuals for easy and quick wealth and new entrepreneurial activities. This rapid development in the field of money and capital has taken enormous dimensions in recent years, especially after the fall of existing socialism and the economic interconnection of countries with the help of digital technology.
This book develops certain theoretical problems of monetary theory as well as the old and new techniques employed by the relevant instruments for the exercise of monetary policy desired to be implemented by the respective government.
The authors want to believe that they provide the theoretical background and empirical evidence necessary for understanding the "new order of things" concerning modern banking operations and policies.
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(from the book's preface)