IDEAS home Printed from https://ideas.repec.org/a/pes/ierequ/v5y2010i2p195-208.html
   My bibliography  Save this article

The Efficiency Of The Monetary Policy Instruments Of The European Central Bank In Liquidity Regulating In The Euro Area

Author

Listed:
  • Ilona Pietryka

    (Nicolaus Copernicus University)

Abstract

The Mechanism of forming of the liquidity level of national central banks participating in ESCB is clear. It is based on centralized and decentralized operations. The ECB decides on the direction of the monetary policy, and the national central banks implement the monetary policy taking into account those guidelines as well as the conditions of their country. The aim of the paper is to estimate the efficiency of the EBC monetary policy in regulating the liquidity of the banking system in the Euro area. The aim was achieved by characterizing the organizational and balance relationship banks of the Eurosystem because of this regulation. Special emphasis was placed on monetary policy instruments, which are created by the national central banks. The banks also form the liquidity of the Euro area.

Suggested Citation

  • Ilona Pietryka, 2010. "The Efficiency Of The Monetary Policy Instruments Of The European Central Bank In Liquidity Regulating In The Euro Area," Equilibrium. Quarterly Journal of Economics and Economic Policy, Institute of Economic Research, vol. 5(2), pages 195-208, December.
    • Handle: RePEc:pes:ierequ:v:5:y:2010:i:2:p:195-208
    DOI: 10.12775/EQUIL.2010.035
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.12775/EQUIL.2010.035
    Download Restriction: no
    File URL: https://libkey.io/10.12775/EQUIL.2010.035?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    Euro area; banking system liquidity;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pes:ierequ:v:5:y:2010:i:2:p:195-208. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Adam P. Balcerzak (email available below). General contact details of provider: https://edirc.repec.org/data/ibgtopl.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.