Assessing the effectiveness of currency‑differentiated tools: The case of reserve requirements
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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This paper provides the first comprehensive analysis of benefits and side-effects of foreign-currency differentiated reserve requirements for a sample of 58 countries from 1999 to 2015. Departing from the existing literature on effectiveness which used binary variables to measure policy changes, the intensity of reserve requirement adjustments is...
