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Focusing on the mechanisms of monetary policy, this book provides insights into how central banks conduct market operations under normal conditions and during financial crises. It details the essential actions required for maintaining monetary policy and ensuring financial stability, particularly when markets and banks face disruptions. The exploration of both routine operations and crisis management highlights the critical role of central banks in the economy.
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Monetary Policy Operations and the Financial System, Ulrich Bindseil
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- 2014
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