Dai, Meixing - Volkswirtschaftliche Fakultät, … - 2007
, this study shows how a two-pillar monetary policy strategy as practiced by the European central bank (ECB) can be conceived … monetary and financial markets. In this case, the control of money supply is necessary to reduce the discrepancy between the … to guarantee macroeconomic stability and the credibility of monetary policy. This strategy can be interpreted as a …