Monetary Policy Instruments for European Monetary Union

Lukas Menkhoff (Autor)

Buch | Softcover

VIII, 155 Seiten

2010 | 1. Softcover reprint of hardcover 1st ed. 1997
Springer Berlin (Verlag)
978-3-642-08287-0 (ISBN)

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This book represents the revised and enlarged results of a research projeet whieh recieved fmaneial support from the "Wissenschaftsförderung der Sparkassenorganisation e.V." and was originally published in German (Menkhoff 1996). As the issue of monetary poliey instruments for EMU is one whieh is inherently international, the publieation of an English edition is a logieal step. I whish to thank the Deutscher Sparkassenverlag, whieh published the German edition, for eneouraging work on this subsequent projeet. The major innovation in the English edition is the inc1usion of several new seetions, i.e. 3.2.4, 3.3.4, 3.3.5, 3.4.3 and 3.5. These new analyses, together with changing institutional eireumstanees and the addition of new literature have also resulted in a large number of minor ehanges through outthetext. The book is a contribution, from a German perspeetive, to the diseussion about monetary poliey instruments of the future European Central Bank. The main instruments are analyzed from the point of view of effieieney; in addition, the need to harmonize often divergent sets of national poliey instruments means that an emphasis on the additional goal of fair eompeti tion is of partieular relevanee. Last but not least, the explieit linking of EMU to the eoneept of subsidiarity has wide-ranging eonsequenees for monetary poliey instruments.

Taking the Bundesbank's instruments as a starting point, this book discusses monetary policy instruments of a future European Central Bank. The book offers a systematic analysis of the issue, considering general theoretical arguments as well as the institutional situation in European countries.

1 Introduction.- 2 The monetary policy instruments of the European Central Bank.- 3 Measuring the instruments against the goals.- 4 Discussion of alternative concepts.- 5 Result of the study.- References.- List of Figures.- List of Tables.

Erscheint lt. Verlag	1.12.2010
Zusatzinfo	VIII, 155 p.
Verlagsort	Berlin
Sprache	englisch
Maße	155 x 235 mm
Gewicht	244 g
Themenwelt	Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
Themenwelt	Wirtschaft ► Volkswirtschaftslehre ► Finanzwissenschaft
Schlagworte	Bundesbank • Europäische Zentralbank • Europäische Zentralbank (EZB) • european central bank • European Monetary Union • Geldpolitik • monetary policy • montery economics • Zentralbank
ISBN-10	3-642-08287-4 / 3642082874
ISBN-13	978-3-642-08287-0 / 9783642082870
Zustand	Neuware