Andreasen, Eugenia; Nuguer, Victoria - 2020
This paper studies from an empirical and theoretical perspective the systemic and bank-level effects of imposing … characterizes banks responses to the RR carried out by the Peruvian Central Bank since 2008 with the objective of stabilizing the …-Karadi-Kiyotaki, where bank heterogeneity and financial dollarization are introduced to evaluate the effectiveness of the differential RR in …