The Design of the Eurosystem's Monetary Policy Instruments

Name: The Design of the Eurosystem's Monetary Policy Instruments
Author: Ulrike Neyer

Specificaties

Gebonden, blz. | Engels

Physica-Verlag HD | e druk, 2007

ISBN13: 9783790819779

Rubricering

Juridisch :

Physica-Verlag HD e druk, 2007 9783790819779

Onderdeel van serie Contributions to Economics

60,99

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Samenvatting

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.

Specificaties

ISBN13:9783790819779

Taal:Engels

Bindwijze:gebonden

Uitgever:Physica-Verlag HD

Hoofdrubriek:Economie

Serie:Contributions to Economics

Inhoudsopgave

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.