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The Design of the Eurosystem's Monetary Policy Instruments
The creation of a single monetary currency and a single monetary policy in the euro area has faced extraordinary challenges, among them the design of suitable monetary policy instruments. This book evaluates monetary policy instruments of the Eurosystem against a number of requirements. For doing so...
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Autor Corporativo: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Heidelberg :
Physica-Verlag HD : Imprint: Physica,
2007.
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| Edición: | 1st ed. 2007. |
| Colección: | Contributions to Economics,
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| Temas: | |
| Acceso en línea: | Texto Completo |
Tabla de Contenidos:
- Monetary Policy Instruments of the Eurosystem
- Stylized Facts and First Explanations
- Base Model: Banks' Liquidity Management and Interbank Market Equilibrium
- Remuneration of Required Reserves at the Current Repo Rate
- Remuneration of Required Reserves at an Average Rate
- Overlapping Maturities of Central Bank Credits
- Implications for the Eurosystem's Operational Framework
- Summary.