Ulrike Neyer

The Design of the Eurosystem's Monetary Policy Instruments (eBook, PDF)

• Format: PDF

Produktbeschreibung

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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Produktdetails

• Verlag: Physica-Verlag HD
• Seitenzahl: 179
• Erscheinungstermin: 8. September 2007
• Englisch
• ISBN-13: 9783790819786
• Artikelnr.: 37398786

Autorenporträt

Ulrike Neyer, Martin-Luther University Halle-Wittenberg, Germany

Inhaltsangabe

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.