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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...
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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
how macroprudential policies may facilitate macroeconomic stabilization in the presence of large capital flows. To fill … Requirements as a Macroeconomic Stabilization Tool? -- What Have Been the Cyclical Properties of RR as a Macroeconomic … Stabilization Tool? -- How Is RRP Related to the Credit Cycle? -- What Is the Relation between RRP and Monetary Policy? -- How Does …
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The COVID-19 crisis is unique in many respects and, as the IMF (2021, p. 43) puts it: "a crisis like no other". A global economic contraction occurred that was unprecedented in its speed and depth. Support packages were put together in some parts of the world that also dwarfed anything seen up...
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