The Design of the Eurosystem's Monetary Policy Instruments by Ulrike NeyerThe Design of the Eurosystem's Monetary Policy Instruments by Ulrike Neyer

The Design of the Eurosystem's Monetary Policy Instruments

byUlrike Neyer

Paperback | October 19, 2010

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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.

Title:The Design of the Eurosystem's Monetary Policy InstrumentsFormat:PaperbackDimensions:179 pages, 23.5 × 15.5 × 0.01 inPublished:October 19, 2010Publisher:Springer-Verlag/Sci-Tech/TradeLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:3790825379

ISBN - 13:9783790825374

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Table of Contents

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.