MONETARY POLICIES

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Changes in the currency are governed by monetary policies that affect any company in the world, and for us it is important because it can vary the price of foreign inputs acquired by the farmers who grow the fruit and thus increase the price of the same, which for our product is a very strong economic phenomenon that affects the price.

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According to (Gomez Pineda, 2006) inflation is a phenomenon of monetary policy, this means that our company is important for the proper analysis of inflation and take preventive action so that this phenomenon affects us less. Inflation generates price increases and this happens in increasing our inputs and outputs. In addition, Hoggarth (1996) says that the objective of monetary policy is to keep inflation low and stable. This means that good management policies by the Colombian government can help our company in the process of obtaining raw materials without incurring losses or additional expenses.

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Monetary policy currently tends to continually change and this makes that there is a rise and fall in prices steadily. This makes for us is a difficult challenge allies have providers who have a fixed price and not suddenly change. Banco de la Republica (2013).

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Monetary policy should be properly handled by the government so that our company has a stable economy and raw material costs do not increase exponentially and maintained. In addition, inflation affects all industries in the world, this means that our company can be affected by supply and demand for products; demand may decrease by high prices and scarcity.

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BIBLIOGRAPHY

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Gomez Pineda, J. (2006). La politica monetaria en Colombia. Bogotá: Banco de la Republica.

 

Hoggarth, G. (1996). Introducción a la política monetaria. Londres: Banco de Inglaterra.

 

Banrep.gov.co. (2016). ¿Cómo afecta la política monetaria a la economía? | Banco de la República (banco central de Colombia). [online] Available at: http://www.banrep.gov.co/es/como-afecta-la-politica-monetaria-economia [Accessed 13 Aug. 2016].