Recent evidences provoke broad rethinking of the role of banks in money creation. The authors argue that apart from the reserve requirement, prudential regulations also play important roles in constraining the money supply. Specifically, they study three Basel III regulations and theoretically...

Trade-weighted coverage ratios are commonly used when estimating the effect of non-tariff measures on trade flows and other outcomes. Because they weight by import shares, for a given sector they can vary across countries even when actual policies are the same. While trade shares can depend on...

Recent evidences provoke broad rethinking of the role of banks in money creation. The authors argue that apart from the reserve requirement, prudential regulations also play important roles in constraining the money supply. Specifically, they study three Basel III regulations and theoretically...

Trade-weighted coverage ratios are commonly used when estimating the effect of non-tariff measures on trade flows and other outcomes. Because they weight by import shares, for a given sector they can vary across countries even when actual policies are the same. While trade shares can depend on...