[PDF.77wq] Reserve Requirements in the Brave New Macroprudential World (World Bank Studies)

Reserve Requirements in the Brave New Macroprudential World (World Bank Studies)

[PDF.ir41] Reserve Requirements in the Brave New Macroprudential World (World Bank Studies)

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 |  2014-04-04 |  2014-04-04 | File type: PDF

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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 stabilization in the presence of large cap...

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