Explore the intricacies of the Eurosystem’s monetary policy instruments with this insightful book, perfect for economists, policymakers, and finance professionals. “Design of the Eurosystem’s Monetary Policy Instruments” delves into the challenges of creating a unified monetary policy for the euro area and evaluates the effectiveness of its tools. The author develops a theoretical framework, analyzing central bank actions and commercial bank liquidity management within the Eurosystem’s unique structure. Discover how liquidity costs shape the interbank market, the positive impact of the 2004 instrument redesign, and how further changes to the minimum reserve system could boost monetary policy flexibility. Essential reading for understanding European monetary dynamics.