Item description for Monetary Policy Instruments for European Monetary Union by Lukas Menkhoff...
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.
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Est. Packaging Dimensions: Length: 9" Width: 6" Height: 0.5" Weight: 0.93 lbs.
Release Date May 9, 1997
ISBN 3540624546 ISBN13 9783540624547
Availability 63 units. Availability accurate as of Jan 20, 2017 01:26.
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