O'Brien, Yueh-Yun C. - 2007
review and valuable comments on this and earlier drafts. I also thank Faruk Kavak, the
Central Bank of the Republic of … countries
that are also members of the European Economic and Monetary Union (EMU) and twelve non-
EMU OECD countries. All EMU … Organization for Economic Co-
operation and Development (OECD) employ reserve requirement systems. These include twelve
OECD …