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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.
- Format: Pocket/Paperback
- ISBN: 9783790825374
- Språk: Engelska
- Antal sidor: 179
- Utgivningsdatum: 2010-10-19
- Förlag: Physica-Verlag GmbH & Co