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Monetary Policy Operations and the Financial System
Buch von Ulrich Bindseil
Sprache: Englisch

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Beschreibung
An introduction to the way that central banks implement monetary policy through market operations. It explains monetary policy operations in normal times, reviews the basic mechanics of financial crises, and explains what central banks need to do to fulfil their monetary policy and financial stability mandates when markets and banks are impaired.
An introduction to the way that central banks implement monetary policy through market operations. It explains monetary policy operations in normal times, reviews the basic mechanics of financial crises, and explains what central banks need to do to fulfil their monetary policy and financial stability mandates when markets and banks are impaired.
Über den Autor
After his studies, Ulrich Bindseil joined the Deutsche Bundesbank's economics department in 1994. In 1997, he moved on to the European Monetary Institute and to the European Central bank in 1998. There, he was subsequently responsible for the Liquidity Management Section, the Risk Management Division, and finally for the Directorate General Market Operations (since 2012). He has been a lecturer and visiting professor at the Technical University of Berlin since 2008 and has published in the areas of central bank market operations, risk management, and European governance.
Inhaltsverzeichnis
  • Introduction and Overview

  • Part I: Monetary Policy Operations in Normal Times

  • 1: Basic Terminology and the Relationship to Monetary Macroeconomics

  • 2: Representing Monetary Policy Operations in Financial Accounts

  • 3: Operational Target of Monetary Policy

  • 4: Three Basic Approaches to Monetary Policy Implementation

  • 5: Several Liquidity Shocks, Averaging, and the Martingale Property of Overnight Rates

  • 6: Standing Facilities and the Interest Rate Corridor

  • 7: Open Market Operations in Normal Times

  • 8: Reserve Requirements

  • 9: Collateral

  • 10: Optimal Monetary Policy Operations in Normal Times

  • Part II: Monetary Policy in Times of Crises

  • 11: The Mechanics of Liquidity Crises

  • 12: The Role of Collateral Availability for Monetary Policy

  • 13: Open Market Operations and Standing Facilities

  • 14: The Central Bank as Lender of Last Resort (LOLR)

  • 15: LOLR and Central Bank Risk Taking

  • 16: LOLR, Moral Hazard, and Incentives

  • 17: The International Lender of Last Resort

  • 18: Optimal Monetary Policy Implementation in Crisis Times

Details
Erscheinungsjahr: 2014
Fachbereich: Betriebswirtschaft
Genre: Wirtschaft
Rubrik: Recht & Wirtschaft
Medium: Buch
Inhalt: Gebunden
ISBN-13: 9780198716907
ISBN-10: 0198716907
Sprache: Englisch
Einband: Gebunden
Autor: Bindseil, Ulrich
Hersteller: Oxford University Press
Maße: 241 x 161 x 32 mm
Von/Mit: Ulrich Bindseil
Erscheinungsdatum: 11.09.2014
Gewicht: 0,655 kg
Artikel-ID: 128763429
Über den Autor
After his studies, Ulrich Bindseil joined the Deutsche Bundesbank's economics department in 1994. In 1997, he moved on to the European Monetary Institute and to the European Central bank in 1998. There, he was subsequently responsible for the Liquidity Management Section, the Risk Management Division, and finally for the Directorate General Market Operations (since 2012). He has been a lecturer and visiting professor at the Technical University of Berlin since 2008 and has published in the areas of central bank market operations, risk management, and European governance.
Inhaltsverzeichnis
  • Introduction and Overview

  • Part I: Monetary Policy Operations in Normal Times

  • 1: Basic Terminology and the Relationship to Monetary Macroeconomics

  • 2: Representing Monetary Policy Operations in Financial Accounts

  • 3: Operational Target of Monetary Policy

  • 4: Three Basic Approaches to Monetary Policy Implementation

  • 5: Several Liquidity Shocks, Averaging, and the Martingale Property of Overnight Rates

  • 6: Standing Facilities and the Interest Rate Corridor

  • 7: Open Market Operations in Normal Times

  • 8: Reserve Requirements

  • 9: Collateral

  • 10: Optimal Monetary Policy Operations in Normal Times

  • Part II: Monetary Policy in Times of Crises

  • 11: The Mechanics of Liquidity Crises

  • 12: The Role of Collateral Availability for Monetary Policy

  • 13: Open Market Operations and Standing Facilities

  • 14: The Central Bank as Lender of Last Resort (LOLR)

  • 15: LOLR and Central Bank Risk Taking

  • 16: LOLR, Moral Hazard, and Incentives

  • 17: The International Lender of Last Resort

  • 18: Optimal Monetary Policy Implementation in Crisis Times

Details
Erscheinungsjahr: 2014
Fachbereich: Betriebswirtschaft
Genre: Wirtschaft
Rubrik: Recht & Wirtschaft
Medium: Buch
Inhalt: Gebunden
ISBN-13: 9780198716907
ISBN-10: 0198716907
Sprache: Englisch
Einband: Gebunden
Autor: Bindseil, Ulrich
Hersteller: Oxford University Press
Maße: 241 x 161 x 32 mm
Von/Mit: Ulrich Bindseil
Erscheinungsdatum: 11.09.2014
Gewicht: 0,655 kg
Artikel-ID: 128763429
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