000			01988cam a2200313 i 4500
008			140423s2014 enka b 001 0 eng d
020			_a9780198716907
020			_a0198716907
040			_aNLE _cNLE
050	0	0	_aHG230.3 _b.B563 2014
082	0	4	_a332.46 _bBIN
100	1		_aBindseil, Ulrich
245	1	0	_aMonetary policy operations and the financial system /
250			_a1st edition.
260			_aOxford : _bOxford University Press _cc2014
300			_axiii, 320 pages :
504			_aIncludes bibliographical references (pages 299-313) and index.
520			_aThe book first introduces the subject by explaining monetary policy operations in normal times, including the key instruments (open market operations, standing facilities, reserve requirements, and the collateral framework). Second, the book reviews the basic mechanics of financial crises as they have hit economies many times. The book then explains what central banks need to do to when financial markets and banks are impaired to fulfil their monetary policy and financial stability mandates. Besides demonstrating the need for non-conventional monetary policy measures, the book also highlights their dangers, such as moral hazard and increased central bank risk taking. The book draws a number of lessons from the crisis on non-conventional monetary policy operations, assessing what measures have worked well, and how a framework should be designed in future normal times such as to contribute to make financial crises less likely.
590			_aoif 06/12/2017
591			_aLoans
650		0	_aMonetary policy.
650		0	_aBanks and banking, Central.
650		0	_aFinancial institutions, International.
856	4	2	_uhttp://www.loc.gov/catdir/enhancements/fy1603/2014939133-b.html
856	4	2	_uhttp://www.loc.gov/catdir/enhancements/fy1603/2014939133-d.html
856	4	1	_uhttp://www.loc.gov/catdir/enhancements/fy1603/2014939133-t.html
942			_2ddc _cBOOK
949			_a332.46 BIN
999			_c7117 _d7117