The Design of the Eurosystem’s Monetary Policy Instruments

by Ulrike Neyer

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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Year of publication:	2007
Other Persons:	Neyer, Ulrike (contributor)
Publisher:	Heidelberg : Physica-Verlag Heidelberg
Subject:	Geldpolitik \| Monetary policy \| Eurozone \| Euro area \| Mindestreserve \| Reserve requirements \| Offenmarktpolitik \| Open market operations \| Wirkungsanalyse \| Impact assessment \| Bankenliquidität \| Bank liquidity \| Geldmarkt \| Money market \| Theorie \| Theory \| EU-Staaten \| EU countries \| Europäische Union \| Währungspolitik
Description of contents:	Table of Contents [swbplus.bsz-bw.de] ; Description [swbplus.bsz-bw.de]

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Extent:	Online-Ressource (X, 179 p. 27 illus, digital)
Series:	Contributions to Economics SpringerLink / Bücher
Type of publication:	Book / Working Paper
Language:	English
Notes:	Literaturverz. S. 175 - 179 Introduction; 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
ISBN:	978-3-7908-1978-6 ; 978-3-7908-1977-9
Other identifiers:	10.1007/978-3-7908-1978-6 [DOI]
Classification:	Europapolitik, Europäische Union ; Geld, Inflation, Kapitalmarkt
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013520716