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...

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Bibliographic Details
Call Number:Libro Electrónico
Main Author: Neyer, Ulrike (Author)
Corporate Author: SpringerLink (Online service)
Format: Electronic eBook
Language:Inglés
Published: Heidelberg : Physica-Verlag HD : Imprint: Physica, 2007.
Edition:1st ed. 2007.
Series:Contributions to Economics,
Subjects:
Macroeconomics.
Europe-Economic integration.
Economic policy.
Macroeconomics and Monetary Economics.
European Economic Integration.
Economic Policy.
Online Access:Texto Completo
Table of Contents:
  • 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.

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