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Money, reserves, and the transmission of monetary policy: Does the money multiplier exist?

✍ Scribed by Seth Carpenter; Selva Demiralp


Book ID
113722642
Publisher
Elsevier Science
Year
2012
Tongue
English
Weight
689 KB
Volume
34
Category
Article
ISSN
0164-0704

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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