MONETARY POLICY OF CENTRAL BANKS: EFFICIENCY IN CONDITIONS OF ECONOMIC CRISES

The article analyzes the effectiveness of the monetary policy of central banks in the context of economic crises. The key functions of central banks, the features of their activities in the context of instability in the financial markets are considered. Particular attention is paid to the analysis of the methods and tools used by central banks to stabilize the economy during periods of crisis, such as changing interest rates, quantitative easing and lending programs. Based on the analysis of historical examples, the impact of these measures on the economy in the short and long term is studied. The article also discusses the prospects and challenges for monetary authorities in the context of new economic realities.