The Design of the Eurosystem's Monetary Policy Instruments

• Author(s): Ulrike Neyer,
• Publisher: Springer Science & Business Media
• Pages: 179
• ISBN_10: 3790819786
  ISBN_13: 9783790819786
  
• Language: en
• Categories: Business & Economics / Economics / Macroeconomics , Business & Economics / International / Economics & Trade , Political Science / Public Policy / Economic Policy , Business & Economics / Economics / General ,

Description:...

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.