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The Design of the Eurosystem's Monetary Policy Instruments
Hardcover
Series: Contributions to Economics
EconomicsGeneral Political Science
ISBN13: 9783790819779
Publisher: Physica-Verlag
Published: Sep 26 2007
Pages: 179
Weight: 0.90
Height: 0.50 Width: 6.30 Depth: 9.30
Language: English
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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