Monetary Policy Operations and the Financial System

ISBN: 9780198716907 出版年：2014 页码：337 Bindseil, Ulrich Oxford University Press

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