Monetary Policy Implementation: Theory, Past, and Present by Bindseil, Ulrich

Monetary Policy Implementation: Theory, Past, and Present (Hardcover) (ISBN-13: 9780199274543)

Vendor: Ulrich Bindseil
Product type: Books
Format: Hardcover
$190.00
$190.00
$190.00
Subtotal: $190.00
Monetary Policy Implementation: Theory, Past, and Present by Bindseil, Ulrich

Monetary Policy Implementation: Theory, Past, and Present

$190.00
Monetary Policy Implementation: Theory, Past, and Present by Bindseil, Ulrich

Monetary Policy Implementation: Theory, Past, and Present

$190.00
Format: Hardcover
Description
Description
x
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.


Author: Ulrich Bindseil
ISBN-10: 0199274541
ISBN-13: 9780199274543
Publisher: Oxford University Press, USA
Language: English
Published: 02/17/2005
Pages: 288
Format: Hardcover
Weight: 1.26lbs
Size: 9.42h x 6.55w x 0.83d
By Ulrich Bindseil
By Ulrich Bindseil
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Ulrich Bindseil is Principal Economist in the Directorate General Operations at the European Central Bank. In addition to understaking numerous missions on monetary policy implementation to emerging market central banks, he has been Economist at the European Monetary Institute at the European Central Bank, Economist in the Economics Department of the Deutsche Bundesbank, and a teacher at the University of Saarland.

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