Ulrich Bindseil
Monetary Policy Implementation
Theory, past, and present
Gebonden Engels 2004 9780199274543Levertijd ± 11 werkdagen
Gratis verzonden
Samenvatting
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, be seriously 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.
Specificaties
ISBN13:9780199274543
Taal:Engels
Bindwijze:Gebonden
Aantal pagina's:288
Uitgever:OUP OXFORD
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