Inflation targeting and Quantitative Tightening: Effects of Reserve Requirements in Peru

This paper provides an overview of the Reserve Requirements measures undertaken by the Central Bank of Peru. We provide a rationale for the use of these instruments as well as empirical evidence on their effectiveness. In general, the results show that a reserve requirement tightening has the desired effects on interest rates and credit levels both at banks and smaller financial institutions (cajas municipales).

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Year of publication:	2014-02
Authors:	Armas, Adrián ; Castillo, Paul ; Vega, Marco
Institutions:	Banco Central de Reserva del Perú
Subject:	Non-conventional monetary policy \| Inflation Targeting \| Reserve requirements

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Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	Number 2014-003
Classification:	E51 - Money Supply; Credit; Money Multipliers ; E52 - Monetary Policy (Targets, Instruments, and Effects) ; E58 - Central Banks and Their Policies ; G21 - Banks; Other Depository Institutions; Mortgages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010748392