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Based on a novel quarterly dataset for 52 countries for the period 1970-2011, we analyze the use and cyclical properties of reserve requirements (RR) as a macroeconomic stabilization tool and whether RR policy substitutes or complements monetary policy. We find that (i) around two thirds of...
Persistent link: https://www.econbiz.de/10012458053
Based on a novel quarterly dataset for 52 countries for the period 1970-2011, we analyze the use and cyclical properties of reserve requirements (RR) as a macroeconomic stabilization tool and whether RR policy substitutes or complements monetary policy. We find that (i) around two thirds of...
Persistent link: https://www.econbiz.de/10013044988
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This report by the Office of the Chief Economist for Latin America and the Caribbean (LAC) of the World Bank studies …
Persistent link: https://www.econbiz.de/10012247900
This report by the Office of the Chief Economist for Latin America and the Caribbean (LAC) of the World Bank studies …
Persistent link: https://www.econbiz.de/10012580397