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Monetary Policy Instruments for European Monetary Union - Lukas Menkhoff

Monetary Policy Instruments for European Monetary Union

Hardcover Published: 20th March 1997
ISBN: 9783540624547
Number Of Pages: 155

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The future European Central Bank needs monetary policy instruments which have yet to be agreed. At present, the range of instruments is very heterogeneous in the potential member states. This book offers a systematic analysis of the issue, considering general theoretical arguments as well as the concrete institutional situation in European countries. Taking the Bundesbank's instruments as the starting point, their rationale is discussed against the background of experience elsewhere. The theoretical and empirical treatment leads to several competing concepts. Taking the three goals of monetary efficiency, fair competition and decentralization establishes a strong case for the use of "standing facilities" and to a lesser extend "reserve requirements", albeit modified and brought up-to-date.

Contents: Introduction.- The monetary policy instruments of the European Central Bank.- Measuring the instruments against the goals.- Discussion of alternative concepts.- Result of the study.- References.- List of Figures.- List of Tables.

ISBN: 9783540624547
ISBN-10: 3540624546
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 155
Published: 20th March 1997
Country of Publication: DE
Dimensions (cm): 22.86 x 15.24  x 1.27
Weight (kg): 0.42