Empirical assessment of Monetary Policy Instruments and Procedures (MPIP) in EU Countries
AbstractThis paper provides empirical evidence on the use of monetary policy instruments and procedures (MPIP) in EU countries. In particular, it focuses on three important issues which arise in this context. Fist, we examine the structural position of the EU money markets. Second , evidence is presented on the relative roles of different instruments in EU Countriesboth in providing liquidity in general and , in addition, in dealing with changes in liquidity supply. Third, the behaviour of money market interest rates is compared across countries and evidence is presented.
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Bibliographic InfoPaper provided by European Monetary Institute in its series Papers with number 2.
Length: 24 pages
Date of creation: 1996
Date of revision:
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MONETARY POLICY ; CENTRAL BANKS ; INTEREST RATE;
Find related papers by JEL classification:
- E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
- E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
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