Yasin, Mimir; Enes, Sunel; Temel, Taşkın - In: The B.E. Journal of Macroeconomics 13 (2013) 1, pp. 58-58
This paper quantitatively investigates the role of reserve requirements as a credit policy tool. We build a monetary dynamic stochastic general equilibrium (DSGE) model with a banking sector in which an agency problem between households and banks leads to endogenous capital constraints for the...