If the European Central Bank (ECB) adopts the proposals of the European Monetary Institute, the formulation of monetary policy for the euro area will be centralized but its implementation will be decentralized. The ECB will probably employ both inflation and monetary targets and use policy instrumen
β¦ LIBER β¦
The New Monetary Policy Framework in the UK: Editorial Note
β Scribed by David Greenaway
- Book ID
- 108557141
- Publisher
- John Wiley and Sons
- Year
- 1998
- Tongue
- English
- Weight
- 54 KB
- Volume
- 108
- Category
- Article
- ISSN
- 0013-0133
No coin nor oath required. For personal study only.
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## Abstract This paper deals with the evolution of the realized volatility of the overnight interest rates in the Euro area money market using intraday data. It analyses in particular the pattern of the volatility of the overnight interest rate before and after the introduction of the structural ch