Format:
1 online resource (289 pages)
Edition:
1st ed.
ISBN:
9780199274543
,
9780191534461
Content:
The first of its kind, this book is entirely dedicated to the implementation of monetary policy: how central banks go about achieving their monetary policy targets. Monetary policy implementation has gone through tremendous changes over the last twenty years, which have witnessed the quiet end of 'reserve position doctrine' and the return of an explicit focus on short-term interest rates. This book argues that reserve position doctrine has never, and could never, beseriously put into practice. Providing a simple theory of monetary policy implementation, Bindseil goes on to explain the role of the three main instruments (open market operations, standing facilities, and reserve requirements) and reviews their use in the twentieth century
Note:
Intro -- Contents -- List of Figures -- List of Tables -- Notation -- Introduction -- 1. Monetary Policy Implementation within the Theory of Monetary Policy -- 2. The Central Bank Balance Sheet -- 3. The Control of Short-Term Interest Rates -- 4. Standing Facilities -- 5. Open Market Operations -- 6. Reserve Requirements -- 7. The Practice of Monetary Policy Implementation in the Twentieth Century -- 8. From the Old View to the New -- References -- Index -- A -- B -- C -- D -- E -- F -- G -- H -- I -- J -- K -- L -- M -- N -- O -- P -- Q -- R -- S -- T -- U -- V -- W -- Y -- Z.
Additional Edition:
Print version Bindseil, Ulrich Monetary Policy Implementation Oxford : Oxford University Press, Incorporated,c2005 ISBN 9780199274543
Language:
English
Keywords:
Electronic books
URL:
FULL
((OIS Credentials Required))
Bookmarklink
