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Credit growth and the effectivenss of reserve requiremetns and other macroprudential instruments in Latin America /
Over the past decade policy makers in Latin America have adopted a number of macroprudential instruments to manage the procyclicality of bank credit dynamics to the private sector and contain systemic risk. Reserve requirements, in particular, have been actively employed. Despite their widespread us...
| Clasificación: | Libro Electrónico |
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| Autores principales: | , , |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.] :
International Monetary Fund,
©2012.
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| Colección: | IMF working paper ;
WP/12/142. |
| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | Over the past decade policy makers in Latin America have adopted a number of macroprudential instruments to manage the procyclicality of bank credit dynamics to the private sector and contain systemic risk. Reserve requirements, in particular, have been actively employed. Despite their widespread use, little is known about their effectiveness and how they interact with monetary policy. In this paper, we examine the role of reserve requirements and other macroprudential instruments and report new cross-country evidence on how they influence real private bank credit growth. Our results show that these instruments have a moderate and transitory effect and play a complementary role to monetary policy. |
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| Notas: | Title from PDF title page (IMF Web site, viewed Jun. 6, 2012). "Western Hemisphere Department." "June 2012." |
| Descripción Física: | 1 online resource (29 pages) |
| Bibliografía: | Includes bibliographical references. |