The Design of the Eurosystem’s Monetary Policy Instruments

• Κύριος συγγραφέας: Neyer, Ulrike (Συγγραφέας)
• Συγγραφή απο Οργανισμό/Αρχή: SpringerLink (Online service)
• Μορφή: Ηλεκτρονική πηγή Ηλ. βιβλίο
• Γλώσσα: English
• Έκδοση: Heidelberg : Physica-Verlag HD, 2007.
• Σειρά: Contributions to Economics,
• Θέματα: Macroeconomics.; European Economic Community literature.; Economic policy.; Economics.; Macroeconomics/Monetary Economics//Financial Economics.; European Integration.; Economic Policy.

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...

Πίνακας περιεχομένων:

• 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.