The Design of the Eurosystem's Monetary Policy Instruments
| Autor: | Ulrike Neyer |
|---|---|
| EAN: | 9783790819786 |
| eBook Format: | |
| Sprache: | Englisch |
| Produktart: | eBook |
| Veröffentlichungsdatum: | 08.09.2007 |
| Kategorie: | |
| Schlagworte: | Euro area Eurosystem Interbank Market Liquidity Management Monetary Policy Monetary Policy Instruments |
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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.
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