Coelho, Bruno; Gallagher, Kevin P. - In: International Review of Applied Economics 27 (2013) 3, pp. 386-403
In the run up to the financial crisis of 2007--2009 many developing nations were subject to massive inflows of capital, capital that their financial systems found difficult to absorb. One of a number of policy options to respond to such inflows is unremunerated reserve requirements (URR). Two...
