The Concrete Euro Implementing Monetary Policy in the Euro Area

作者： Paul Mercier; Francesco Papadia
出版商： Oxford University Press
ISBN: 9780198713647
出版时间 October 2014
规格： Paperback , 416 pages
适应领域： International ? 免责申明：
Countri(es) stated herein are used as reference only

List Price: ￥470.00

￥455.90 Save ￥14.10 (3%)

或

下载订单表

加入收藏
| 加入比较

描述
大纲
作者
评论

详细
- Written by leading money market operators at the European Central Bank. This book provides an insider account of monetary implementation policy
- Looks at the theory, history, practice, and future of the framework, and the role of standing facilities, open market operations, reserve requirements, and collateral
- Compares the Eurosystem experience with that of the Federal Reserve of the United States, the Bank of England, and the Bank of Japan
- Includes a section on special circumstances and experiences during crisis periods, including the recent sub-prime crisis
- Highlights interconnections between the operational framework and financial stability
The euro area's framework for monetary policy implementation was introduced in 1999. Eleven years on, this volume examines the theoretical and historical underpinnings of the framework, how it has fared in practice, and what challenges it is likely to face in the future. The technology serving the implementation of monetary policy has historically been the exclusive preserve of a narrow group of specialists but the recent global financial crisis brought the issue into the public eye, as the supply of base money exploded while inflation risked turning into deflation. This book addresses all the aspects of monetary policy implementation, with particular emphasis on the European Central Bank and the euro, allowing a more informed assessment of a neglected, but important, aspect of economic life, and a better understanding of the exceptional developments brought about by the financial crisis. Written by the leading money market operators at the European Central Bank who were involved in creating and implementing the framework, and who are still managing monetary policy implementation at the Bank today, this book provides a rare insider account of how the framework has evolved, how it works in practice, and the challenges of monetary policy implementation going forward.

Readership: Students and economists interested in monetary affairs, central bankers, and policy makers dealing with monetary policy issues.
Introduction
1: U. Bindseil: Theory of Monetary Policy Implementation
2: M. Galvenius and P. Mercier: The Story of the Eurosystem Framework
3: F. Papadia and T. Välimäki: The Functioning of the Eurosystem framework since 1999
4: U. Bindseil, P. Mercier, F. Papadia and F. Würtz: Challenges for the Next Decade of Monetary Policy Implementation
Paul Mercier is Principal Adviser at the European Central Bank (ECB) and was chairman of the taskforce that delivered the specification of the monetary policy implementation framework adopted by the ECB in 1999.

Francesco Papadia is Director General for Market Operations of the European Central Bank. He previously held a position at the Banca d'Italia and acted as an economic advisor to the EU Commission.

Contributors:
Ulrich Bindseil, Deputy Director General, Market Operations, European Central Bank, Germany
Mats Galvenius, Deputy Managing Director, Swedish Insurance Federation, Sweden
Paul Mercier, Principal Adviser, European Central Bank, Germany
Francesco Papadia, Director General, European Central Bank, Germany
Tuomas Välimäki, Head of Market Operations, Bank of Finland, Finland
Flemming Würtz, Head of Liquidity Management Section, Market Operations Analysis Division, European Central Bank, Germany
"During the opening stages of the financial crisis, the ECB provided the necessary liquidity to euro-system banks more smoothly than other Central Banks. This book describes how that was done. More recently, a second leg to the crisis, in the guise of the sovereign debt crisis in certain peripheral countries of the euro-zone, has blown up. The operational reactions of the ECB to this are also covered, up until mid-2010. This book provides a unique insight into the ECB's monetary operations, both in normal and in crisis conditions. A 'must read' for all those concerned with Central Banking, crisis management and the inner workings of the euro-system. " - Professor Charles Goodhart, London School of Economics

"These four papers by six ECB economists provide the most systematic and detailed look at how the European Central Bank has implemented its monetary policy, both during the all-too-short "normal" times of the Bank's initial years and then during the 2008-10 crisis period. The analysis is clear and elegant, and the empirical work provides useful insights as well. Anyone seriously interested in how monetary policy is actually carried out - either by the ECB or by other central banks - will want to read these papers. " - Benjamin M. Friedman, William Joseph Maier Professor of Political Economy, Harvard University

你可能需要


Drafting Employment Documents for Expatriates, 2nd Edition: List Price: ￥1,879.25

￥1,822.87 Save ￥56.38 (3%)


How to Lead a Values-Based Professional Services Firm: 3 Keys to Unlock Purpose and Profit: List Price: ￥376.00

￥364.72 Save ￥11.28 (3%)


Armstrong's Handbook of Human Resource Management Practice, 16th Edition: List Price: ￥587.50

￥569.88 Save ￥17.63 (3%)


Individual Income Tax Planning for Expatriates in China, 6th Edition: List Price: ￥1,203.20

￥601.60 Save ￥601.60 (50%)


Hong Kong Employment Law: A Practical Guide, 5th Edition: List Price: ￥1,410.00

￥1,367.70 Save ￥42.30 (3%)


The Employee Experience: How to Attract Talent, Retain Top Performers, and Drive Results: List Price: ￥263.20

￥255.30 Save ￥7.90 (3%)


Butterworths Employment Law Handbook 2024: List Price: ￥3,724.94

￥3,613.19 Save ￥111.75 (3%)


Hiring Greatness: How to Recruit Your Dream Team and Crush the Competition: List Price: ￥253.80

￥246.19 Save ￥7.61 (3%)


Employees' Intellectual Property Rights, 2nd Edition: List Price: ￥1,739.00

￥1,686.83 Save ￥52.17 (3%)


Employment Law and Practice in Hong Kong, 2nd Edition (Hardcopy + e-book): List Price: ￥4,418.94

￥4,286.37 Save ￥132.57 (3%)


International Employment Law Disputes: List Price: ￥1,974.00

￥1,914.78 Save ￥59.22 (3%)


Settlement of Individual Employment Disputes: List Price: ￥1,398.25

￥1,356.31 Save ￥41.94 (3%)


Developing Human Capital: List Price: ￥564.00

￥547.08 Save ￥16.92 (3%)


Managing Employment Relations, 7th Edition: List Price: ￥564.00

￥547.08 Save ￥16.92 (3%)


Performance Management: List Price: ￥293.75

￥46.06 Save ￥247.69 (84%)

“

Ordering from Professional Bookshop is fantastic, quick delivery great products, great customer service Siti L.
This is a great bookstore and have had no problems with them and all my orders have come on time and in good condition. Yang X.
Everything is perfect. Fast delivery. I highly recommend this website to all my friends and colleagues. Thanks Hoi Man L.
So thankful I am receiving all my books, thank you to all for a great service and excellent products Clinton K.
Professional Bookshop is amazing! I've been a loyal customer for over 5 years. Returns are easy to request, book or delivery complaints are taken seriously and the customer service team is friendly and patient. Mick D.
I wanted to informed you that the customer service is excellent. They were so polite and nice. I would continue to buy books from Professional Bookshop. Jingsong C.
Fast and quick service. Easy transaction method, arrived sooner than expected. Excellent packaging and the books received are in perfect condition! Thank you very much! I love the book and its quality. Saori B.
I can order any accounting books from worldwide from Professional Bookshop. Love this website and save my time to search from internet. Lingxiao R.
It is just so easy to find what you are always looking for and sometimes you can even find it up to 80% off what you would in the normal store. Graeme R.
I love shopping on Professional Bookshop! They have a wide range of accounting book with competent prices. Free shipping in Hong Kong is also really handy! Fergus Y.
Professional Bookshop is a great bookstore, I must say. Buying books in Professional Bookshop is so easy, great and reliable. It is highly recommendable. Deborah D.
A great site to shop accounting books and everything and with discountable prices. It’s my first choice whenever i want to shop something. Most trusted site. Zeng Z.
I found the books I needed and at a very low price. I am very happy and will definitely use it in the future Brian W.
I have been using Professional Bookshop for a while now. I am very impressed with customer service and delivery. When I need to have a return it is done very diligently. Olivia L.
Professional Bookshop is my default go to for finding the best prices and reading details of law books before buying. Detailed book description is very helpful. Tracy W.
I've been using Professional Bookshop since 2011 and they actually great, I always received great service and my book arrives on time. Lisa C.

所有书籍

The Concrete Euro Implementing Monetary Policy in the Euro Area

Free delivery Hong Kong?

详细

你可能需要

What Our Customers Say?

所有书籍

The Concrete Euro Implementing Monetary Policy in the Euro Area

Free delivery Hong Kong?

详细

你可能需要

What Our Customers Say?

video title