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Reserve Requirements in the Brave New Macroprudential World

Cordella, Tito - 2017

Using a new, large data set on quarterly reserve requirements for the period 1970-2011, this paper provides new evidence on the use of reserve requirements as a countercyclical macroprudential tool in developing countries. The appeal of reserve requirements lies in the pro-cyclical behavior of...

Persistent link: https://www.econbiz.de/10012973448