The design of the Eurosystems monetary policy instruments /

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Bibliographic Details
Author / Creator:	Neyer, Ulrike.
Imprint:	New York, NY : Physica, 2007.
Description:	1 online resource (ix, 179 p.) : ill.
Language:	English
Series:	Contributions to economics Contributions to economics.
Subject:	European Central Bank. European Central Bank. Monetary policy -- European Union countries. Euro. Euro. Monetary policy. Europe -- European Union countries.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/8883795

Hidden Bibliographic Details
ISBN:	9783790819786 3790819786
Notes:	Electronic book. Title from title screen (viewed Mar. 6, 2008). Includes bibliographical references (p. [175]-179).
Summary:	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. For doing 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. Main results of this analysis are that different costs of obtain

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