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Excess reserves and the implementation of monetary policy of the ECB

✍ Scribed by Ulrich Bindseil; Gonzalo Camba-Mendez; Astrid Hirsch; Benedict Weller

Book ID
113748144
Publisher
Elsevier Science
Year
2006
Tongue
English
Weight
362 KB
Volume
28
Category
Article
ISSN
0161-8938

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## Abstract This paper aims at contributing to the understanding of how the ECB conducts monetary policy as seen from a money market perspective. More specifically it covers two different issues. First, it looks at the β€˜learning period’ for banks since the Eurosystem started implementing the single