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

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

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Year of publication:	2014-04
Authors:	Armas, Adrián ; Castillo, Paul ; Vega, Marco
Institutions:	Inter-American Development Bank
Subject:	Monetary Policy \| Interest rates \| Exchange rates \| Fiscal Policy \| Policy evaluation \| Inflation targeting \| Financial system \| Foreign currency liabilities \| Reserve requirements \| Nonconventional monetary policy \| Foreign currency \| Domestic currency \| IDB-WP-499

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Extent:	application/pdf
Series:	IDB Publications (Working Papers).
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IDB Working Paper Series (Department of Research and Chief Economist) ; IDB-WP-499 Number 84714
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010943927