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The Design of the Eurosystem's Monetary Policy Instruments

Medium: Buch
ISBN: 978-3-7908-1977-9
Verlag: Physica-Verlag HD
Erscheinungstermin: 26.09.2007
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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. To do so, a theoretical model framework is developed which brings together the monetary policy activities of a central bank and the liquidity management of banks considering the main characteristics and institutional features of the euro area.


Produkteigenschaften


  • Artikelnummer: 9783790819779
  • Medium: Buch
  • ISBN: 978-3-7908-1977-9
  • Verlag: Physica-Verlag HD
  • Erscheinungstermin: 26.09.2007
  • Sprache(n): Englisch
  • Auflage: 2007
  • Serie: Contributions to Economics
  • Produktform: Gebunden
  • Gewicht: 459 g
  • Seiten: 179
  • Format (B x H x T): 160 x 241 x 17 mm
  • Ausgabetyp: Kein, Unbekannt
Autoren/Hrsg.

Autoren

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.