The Design of the Eurosystem's Monetary Policy Instruments
Neyer, Ulrike![The Design of the Eurosystem's Monetary Policy Instruments](https://support.digitalhusky.com/media/annotations/sorted/293/29369754/CHSBZCOP0329369754.jpg)
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...