The Design of the Eurosystem’s Monetary Policy Instruments

1. Introduction
2. Monetary Policy Instruments of the Eurosystem
3. Stylized Facts and First Explanations
4. Base Model: Banks’ Liquidity Management and Interbank Market Equilibrium
5. Remuneration of Required Reserves at the Current Repo Rate
6. Remuneration of Required Reserves at an Average Rate
7. Overlapping Maturities of Central Bank Credits
8. Implications for the Eurosystem’s Operational Framework
9. Summary

DRM-restrictions

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Avainsanat: BUSINESS & ECONOMICS / Management Science BUS042000