Call Boomerang Books 1300 36 33 32

Description - Monetary Policy Implementation by Ulrich Bindseil

The first of its kind, this book is entirely dedicated to the implementation of monetary policy. 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. Enthusiastically supported by Keynes and later by the monetarist school, reserve position doctrine was developed mainly by US central bankers and academics during the early 1920s, and at least in the US became the unchallenged dogma of monetary policy implementation for sixty years. The return of interest rate targeting also corresponds largely to the restoration of central banking principles established in the late 19th century. 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. In closing, he summarizes current views on efficient monetary policy implementation.

Buy Monetary Policy Implementation by Ulrich Bindseil from Australia's Online Independent Bookstore, Boomerang Books.

Book Details

ISBN: 9780199274543
ISBN-10: 0199274541
Format: Hardback
(240mm x 162mm x 22mm)
Pages: 288
Imprint: Oxford University Press
Publisher: Oxford University Press
Publish Date: 1-Dec-2004
Country of Publication: United Kingdom

Book Reviews - Monetary Policy Implementation by Ulrich Bindseil

» Have you read this book? We'd like to know what you think about it - write a review about Monetary Policy Implementation book by Ulrich Bindseil and you'll earn 50c in Boomerang Bucks loyalty dollars (you must be a Boomerang Books Account Holder - it's free to sign up and there are great benefits!)

Write Review

Author Biography - Ulrich Bindseil

Ulrich Bindseil is Deputy Head of the Risk Management Division at the European Central Bank (ECB). Previously, he worked at the Deutsche Bundesbank and at the European Monetary Institute. From 2000 to 2004, he was Head of the ECB's Liquidity Management Section.