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Monetary Policy Implementation Theory Past And Present Ulrich Bindseil

Name: Monetary Policy Implementation Theory Past And Present Ulrich Bindseil
SKU: BELL-1561084
Price: 31.00 USD
Availability: InStock
Rating: 4 (46 reviews)

SKU: BELL-1561084

$ 31.00 ~~$ 45.00~~ (-31%)

4.0

46 reviews

Monetary Policy Implementation Theory Past And Present Ulrich Bindseil instant download after payment.

Publisher: Oxford University Press, USA

File Extension: PDF

File size: 1.57 MB

Pages: 276

Author: Ulrich Bindseil

ISBN: 9780199274543, 9781435607163, 0199274541, 1435607163

Language: English

Year: 2005

Product desciption

Monetary Policy Implementation Theory Past And Present Ulrich Bindseil by Ulrich Bindseil 9780199274543, 9781435607163, 0199274541, 1435607163 instant download after payment.

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.