1. 2. The setup of the ECBs instruments with the main refinancing operation, the deposit facility, and...

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1. 2. The setup of the ECB’s instruments with the main refinancing operation, the deposit facility, and the marginal lending facility is often also called a “corridor system.” Can you explain in your own words why interest rates in the money market usually do not move out of the corridor created by these rates?

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Macroeconomics In Context: A European Perspective

ISBN: 125382

1st Edition

Authors: Sebastian Dullien, Neva Goodwin, Jonathan M. Harris, Julie A. Nelson, Brian Roach, Mariano Torras

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