The Design of the Eurosystem's Monetary Policy Instruments

Download or read book The Design of the Eurosystem's Monetary Policy Instruments written by Ulrike Neyer and published by Springer Science & Business Media. This book was released on 2007-09-08 with total page 185 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.