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A Model of the Open Market Operations of the European Central Bank

✍ Scribed by Juan Ayuso; Rafael Repullo


Book ID
108557493
Publisher
John Wiley and Sons
Year
2003
Tongue
English
Weight
154 KB
Volume
113
Category
Article
ISSN
0013-0133

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## Abstract In this paper we analyse the ESCB as a federal central bank system. First, the degree of decentralization of the ESCB will be briefly compared with its predecessor, the Deutsche Bundesbank, and its counterweight in the US, the Federal Reserve System. Moreover, the development during the