This Article presents European money market funds from multiple dimensions and shows the diversity of these funds — a diversity rooted in the historical developments of diverse European financial markets. The events of the financial crisis and liquidity squeeze confronting European money...

The Eurosystem and the U.S. Federal Reserve System follow quite different approaches to the execution of monetary policy. The former institution adopts a "hands-off" approach that largely delegates to depository institutions the task of stabilizing their own liquidity at high frequency. The...

Beginning with [Johansen (1960)], computable general equilibrium (CGE) models have been widely applied to study the impact of a variety of economic policy issues. These include changes in macroeconomic or regional economic policies such as tariff reductions, changes in labour force demographics...