Monetary policy operations and the financial system / Ulrich Bindseil.

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Tác giả chính: Bindseil, Ulrich, 1969- (Tác giả)
Định dạng: eBook
Ngôn ngữ:English
Được phát hành: Oxford : Oxford University Press, [2014]
Phiên bản:First edition.
Những chủ đề:
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Mục lục:
  • Basic terminology and relationship to monetary macroeconomics
  • Representing monetary policy operations in financial accounts
  • Operational target of monetary policy
  • Three basic techniques to control short-term interest rates
  • Several liquidity shocks, averaging, and the Martingale property of overnight rates
  • Standing facilities and the interest rate corridor
  • Open market operations in normal times
  • Reserve requirements
  • Collateral
  • Optimal monetary policy operations frameworks in normal times
  • The mechanics of liquidity crises
  • Collateral availability and monetary policy
  • Open market operations and standing facilities
  • The central bank as lender of last resort (LOLR)
  • LOLR and central bank risk-taking
  • LOLR, market hazard, and liquidity regulation
  • The international lender of last resort
  • Optimal monetary policy operations in crisis times.