Empirical assessment of Monetary Policy Instruments and Procedures (MPIP) in EU Countries

J.L. Escriva and Gabriel Fagan ()

Working Papers from European Monetary Institute

Abstract: This paper provides empirical evidence on the use of monetary policy instruments and procedures (MPIP) in EU countries. In particular, it focuses on three important issues which arise in this context. Fist, we examine the structural position of the EU money markets. Second , evidence is presented on the relative roles of different instruments in EU Countriesboth in providing liquidity in general and , in addition, in dealing with changes in liquidity supply. Third, the behaviour of money market interest rates is compared across countries and evidence is presented.

Keywords: MONETARY POLICY; CENTRAL BANKS; INTEREST RATE (search for similar items in EconPapers)
JEL-codes: E52 E58 (search for similar items in EconPapers)
Pages: 24 pages
Date: 1996
References: Add references at CitEc
Citations: View citations in EconPapers (13)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fth:eurmoi:2

Access Statistics for this paper

More papers in Working Papers from European Monetary Institute European Monetary Institute. Kaiserstrasse 29, D-60311 Frankfurt am Main, Germany.. Contact information at EDIRC.
Bibliographic data for series maintained by ().