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...

Descripción completa

Detalles Bibliográficos
Autor: Carrera, César
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
id RPUC_b695f5f38c285c5426ee2710d3acef42
oai_identifier_str oai:repositorio.pucp.edu.pe:20.500.14657/194823
network_acronym_str RPUC
network_name_str PUCP-Institucional
repository_id_str 2905
spelling Carrera, César2023-07-21T19:18:20Z2023-07-21T19:18:20Z2013https://repositorio.pucp.edu.pe/index/handle/123456789/194823The 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.engPontificia Universidad Católica del Perú. CENTRUMPEurn:issn:1851-6599info:eu-repo/semantics/openAccesshttp://creativecommons.org/licenses/by/4.0Journal of CENTRUM Cathedra, Vol. 6, Issue 1reponame:PUCP-Institucionalinstname:Pontificia Universidad Católica del Perúinstacron:PUCPReserve requirementsMonetary policyhttps://purl.org/pe-repo/ocde/ford#5.02.04The Evolving Role of Reserve Requirements in Monetary Policyinfo:eu-repo/semantics/articleArtículoORIGINALJCC-6.1-79.pdfJCC-6.1-79.pdfTexto completoapplication/pdf214422https://repositorio.pucp.edu.pe/bitstreams/237f3e9d-760b-452b-8cc0-0474a7a888a5/downloadaadb39e062059868b9fa0aaa4f1d55c3MD51trueAnonymousREADTHUMBNAILJCC-6.1-79.pdf.jpgJCC-6.1-79.pdf.jpgIM Thumbnailimage/jpeg28298https://repositorio.pucp.edu.pe/bitstreams/cb1a66bc-0cab-4a6a-afba-4efc19a9d9e1/download8c3a57c80318be1e0b7003acd79dfeb0MD52falseAnonymousREAD20.500.14657/194823oai:repositorio.pucp.edu.pe:20.500.14657/1948232025-04-11 09:58:19.041http://creativecommons.org/licenses/by/4.0info:eu-repo/semantics/openAccessopen.accesshttps://repositorio.pucp.edu.peRepositorio Institucional de la PUCPrepositorio@pucp.pe
dc.title.en_US.fl_str_mv The Evolving Role of Reserve Requirements in Monetary Policy
title The Evolving Role of Reserve Requirements in Monetary Policy
spellingShingle The Evolving Role of Reserve Requirements in Monetary Policy
Carrera, César
Reserve requirements
Monetary policy
https://purl.org/pe-repo/ocde/ford#5.02.04
title_short The Evolving Role of Reserve Requirements in Monetary Policy
title_full The Evolving Role of Reserve Requirements in Monetary Policy
title_fullStr The Evolving Role of Reserve Requirements in Monetary Policy
title_full_unstemmed The Evolving Role of Reserve Requirements in Monetary Policy
title_sort The Evolving Role of Reserve Requirements in Monetary Policy
author Carrera, César
author_facet Carrera, César
author_role author
dc.contributor.author.fl_str_mv Carrera, César
dc.subject.en_US.fl_str_mv Reserve requirements
Monetary policy
topic Reserve requirements
Monetary policy
https://purl.org/pe-repo/ocde/ford#5.02.04
dc.subject.ocde.none.fl_str_mv https://purl.org/pe-repo/ocde/ford#5.02.04
description 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.
publishDate 2013
dc.date.accessioned.none.fl_str_mv 2023-07-21T19:18:20Z
dc.date.available.none.fl_str_mv 2023-07-21T19:18:20Z
dc.date.issued.fl_str_mv 2013
dc.type.none.fl_str_mv info:eu-repo/semantics/article
dc.type.other.none.fl_str_mv Artículo
format article
dc.identifier.uri.none.fl_str_mv https://repositorio.pucp.edu.pe/index/handle/123456789/194823
url https://repositorio.pucp.edu.pe/index/handle/123456789/194823
dc.language.iso.none.fl_str_mv eng
language eng
dc.relation.ispartof.none.fl_str_mv urn:issn:1851-6599
dc.rights.es_ES.fl_str_mv info:eu-repo/semantics/openAccess
dc.rights.uri.*.fl_str_mv http://creativecommons.org/licenses/by/4.0
eu_rights_str_mv openAccess
rights_invalid_str_mv http://creativecommons.org/licenses/by/4.0
dc.publisher.es_ES.fl_str_mv Pontificia Universidad Católica del Perú. CENTRUM
dc.publisher.country.none.fl_str_mv PE
dc.source.es_ES.fl_str_mv Journal of CENTRUM Cathedra, Vol. 6, Issue 1
dc.source.none.fl_str_mv reponame:PUCP-Institucional
instname:Pontificia Universidad Católica del Perú
instacron:PUCP
instname_str Pontificia Universidad Católica del Perú
instacron_str PUCP
institution PUCP
reponame_str PUCP-Institucional
collection PUCP-Institucional
bitstream.url.fl_str_mv https://repositorio.pucp.edu.pe/bitstreams/237f3e9d-760b-452b-8cc0-0474a7a888a5/download
https://repositorio.pucp.edu.pe/bitstreams/cb1a66bc-0cab-4a6a-afba-4efc19a9d9e1/download
bitstream.checksum.fl_str_mv aadb39e062059868b9fa0aaa4f1d55c3
8c3a57c80318be1e0b7003acd79dfeb0
bitstream.checksumAlgorithm.fl_str_mv MD5
MD5
repository.name.fl_str_mv Repositorio Institucional de la PUCP
repository.mail.fl_str_mv repositorio@pucp.pe
_version_ 1835638952952856576
score 13.932913
The Evolving Role of Reserve Requirements in Monetary Policy
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).

Ejemplares Similares