results show that tightening reserve requirements has the desired effects on interest rates and credit levels at both banks …

characterizes banks responses to the RR carried out by the Peruvian Central Bank since 2008 with the objective of stabilizing the … credit in the economy and that banks response in terms of credit and deposits is very heterogeneous depending on their ex … empirical insights, the paper builds a DSGE small-open-economy model with financial frictions à la Gertler …

paper investigates the effects of the monetary signals by the National Bank of the Republic of Macedonia on banks' lending … that the Stiglitz and Weiss model better explains the banks' behavior in the Republic of Macedonia, that is the banking … signals clearly affect the banks to restrict lending. On the other hand, the monetary expansionary signals have to be …

framework in which fractional reserve banks emerge in equilibrium, where bank assets are funded with liabilities made demandable … in government money, where the terms of bank deposit contracts are affected by the liquidity insurance available in … financial markets, where banks are subject to runs, and where a central bank has a meaningful role to play, both in terms of …

, central bank provision of long-term liquidity incentivizes banks to purchase high yield eligible collateral securities …-year Long-Term Refinancing Operation caused Portuguese banks to purchase short-term domestic government bonds, equivalent … to 10.6% of amounts outstanding, and pledge them to obtain central bank liquidity. The steepening of Eurozone peripheral …