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Published: 02 October 2014

416 Pages | Figures and Tables


ISBN: 9780198713647

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The Concrete Euro

Implementing Monetary Policy in the Euro Area

Edited by Paul Mercier and Francesco Papadia

  • Written by leading money market operators at the European Central Bank. This book provides an insider account of monetary implementation policy
  • Looks at the theory, history, practice, and future of the framework, and the role of standing facilities, open market operations, reserve requirements, and collateral
  • Compares the Eurosystem experience with that of the Federal Reserve of the United States, the Bank of England, and the Bank of Japan
  • Includes a section on special circumstances and experiences during crisis periods, including the recent sub-prime crisis
  • Highlights interconnections between the operational framework and financial stability

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