Taking the Bundesbank's instruments as a starting point, this book discusses monetary policy instruments of a future European Central Bank. The book offers a systematic analysis of the issue, considering general theoretical arguments as well as the institutional situation in European countries.

1 Introduction.- 2 The monetary policy instruments of the European Central Bank.- 3 Measuring the instruments against the goals.- 4 Discussion of alternative concepts.- 5 Result of the study.- References.- List of Figures.- List of Tables.