MONETARY CREATION AND ROBOR SIGNIFICANCE ON THE MONETARY MARKET

Money is created by the central bank, credit institutions and sometimes the public treasury. Claims on the economy - is the foundation of monetary creation. By putting in circulation payment instruments that have the quality of credit, money intermediaries create currency and distribute purchasing power. Money creation influenced by interbank lending is ongoing, and ROBOR increases or decreases interest rates by encouraging or discouraging loans. Through this study we highlight how monetary creation is developing, as well as the main factors that influence ROBOR. Due to the influence of the national authority to lower the monetary policy rate, lending to the economy was encouraged. And the mix of government policies has driven the demand for money from the economy while also influencing the growth of money supply. Thus, monetary creation is influenced by the policy of increasing or decreasing interest rates on money-market sources. The higher the need for money between credit institutions, the higher the average interest rate, so the ROBOR automatically increases, and the price of the banking products increases. Based on periodic statistical reporting, a trans disciplinary approach, we intend to observe how much money creation has changed in recent years under the supervision of the national supervisory authority of the banking system. Monetary policy interest influences the lending activity of credit institutions and is also correlated with the evolution of prices in the economy.