Reserve Requirements in the Brave New Macroprudential World

In the aftermath of the global financial crisis, it is hard to find any macroeconomic policy report that does not include some reference to financial stability or systemic risk and the resulting need for 'macroprudential policies'. While there is a large and growing literature on macroprudential policies and financial stability, less attention has been paid to how macroprudential policies may facilitate macroeconomic stabilisation in the presence of large capital flows. To fill such a gap, this report looks at the use of reserve requirements (RR) as a macroprudential tool.

Product details

• Authors: Tito Cordella, Tito (EDT)/ Federico Cordella, Pablo Federico, Carlos Vegh
• Publisher: WORLD BANK
• Languages: English
• Product format: Paperback / Softback
• Released: 01.04.2014
• EAN: 9781464802126
• ISBN: 978-1-4648-0212-6
• No. of pages: 68
• Series: World Bank Studies
• Subject: Social sciences, law, business > Business > Management