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...

Intro -- Table of Contents -- Foreword -- Ch.1: The Evolution of EU Development Policy -- Ch.2: The Enlarged European Union and the Developing World: What Future? -- Ch.3: European Development Policymaking: Globalisation and the Post-Lomé World -- Ch.4: Clash of Civilisations of Intercultural...