The Evolving Role of Reserve Requirements in Monetary Policy
Descripción del Articulo
The design of monetary policy has been a subject of debate in the specialized literature. Over the last three decades, this literature has moved from questioning the very existence of reserve requirements (RRs) to analyzing and discussing their role as a tool for monetary policy. The large variation...
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| Formato: | artículo |
| Fecha de Publicación: | 2013 |
| Institución: | Pontificia Universidad Católica del Perú |
| Repositorio: | PUCP-Institucional |
| Lenguaje: | inglés |
| OAI Identifier: | oai:repositorio.pucp.edu.pe:20.500.14657/194823 |
| Enlace del recurso: | https://repositorio.pucp.edu.pe/index/handle/123456789/194823 |
| Nivel de acceso: | acceso abierto |
| Materia: | Reserve requirements Monetary policy https://purl.org/pe-repo/ocde/ford#5.02.04 |
| Sumario: | The design of monetary policy has been a subject of debate in the specialized literature. Over the last three decades, this literature has moved from questioning the very existence of reserve requirements (RRs) to analyzing and discussing their role as a tool for monetary policy. The large variation in how central banks implement RRs around the world suggests that a consensus has yet to emerge on what constitutes an optimal reserve requirement strategy. I survey the main modeling strategies which incorporate RRs in the design of monetary policy. Furthermore, I discuss different modeling approaches in which RRs can affect the banking system, improve monetary policy decisions, and help achieve a central bank’s macroeconomic objectives. |
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Nota importante:
La información contenida en este registro es de entera responsabilidad de la institución que gestiona el repositorio institucional donde esta contenido este documento o set de datos. El CONCYTEC no se hace responsable por los contenidos (publicaciones y/o datos) accesibles a través del Repositorio Nacional Digital de Ciencia, Tecnología e Innovación de Acceso Abierto (ALICIA).
La información contenida en este registro es de entera responsabilidad de la institución que gestiona el repositorio institucional donde esta contenido este documento o set de datos. El CONCYTEC no se hace responsable por los contenidos (publicaciones y/o datos) accesibles a través del Repositorio Nacional Digital de Ciencia, Tecnología e Innovación de Acceso Abierto (ALICIA).
