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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...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Tovar Mora, Camilo Ernesto (Autor), Garcia-Escribano, Mercedes (Autor), Vera-Martín, Mercedes (Autor)
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Washington, D.C.] : International Monetary Fund, ©2012.
Colección:IMF working paper ; WP/12/142.
Temas:
Acceso en línea:Texto completo

MARC

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050 4 |a HG3881.5.I58  |b W67 No. 12/142eb 
050 4 |a HG3711.L3  |b T68 2012eb 
049 |a UAMI 
100 1 |a Tovar Mora, Camilo Ernesto,  |e author. 
245 1 0 |a Credit growth and the effectivenss of reserve requiremetns and other macroprudential instruments in Latin America /  |c prepared by Camilo E. Tovar, Mercedes Garcia-Escribano, and Mercedes Vera Martin. 
260 |a [Washington, D.C.] :  |b International Monetary Fund,  |c ©2012. 
300 |a 1 online resource (29 pages) 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
490 1 |a IMF working paper ;  |v WP/12/142 
500 |a Title from PDF title page (IMF Web site, viewed Jun. 6, 2012). 
520 |a 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. 
504 |a Includes bibliographical references. 
500 |a "Western Hemisphere Department." 
500 |a "June 2012." 
505 0 |a Cover; Contents; I. Introduction; Table; 1. Recent Macroprudential Measures; II. Reserve Requirements as a Macroprudential Tool; Figures; 1. Reserve Requirements on Banks Liabilities; III. Literature Review; A. Some Theoretical Considerations; 2. Effects of Reserve Requirements when Financial Intermediation Involves a Competitive Loan Market and Market Power in the Deposit Market; 3. Effects of Reserve Requirements when Financial Intermediation Involves a Competitive Deposit Market and Market Power in the Loan Market; B. The Recent Latin American Experience 
505 8 |a 4. Credit Dynamics and Interest Rates5. Reserve Requirements in Brazil; 6. Reserve Requirements in Colombia; C. Recent Empirical Literature on the Latin America Experience; 7. Reserve Requirements in Peru; IV. Empirical Analysis; 8 Latin America: Average and Marginal Reserve Requirements; A. Event Analysis; 9. Impact of RRs and other Macroprudential Measures on Private Credit Growth; B. Dynamic Panel Vector Autoregression; 10. Impulse Response of Private Credit Growth to Macroprudential Policy Shocks; 11. Complementary Role of Macroprudential Policies and Reserve Requirements; V. Conclusions 
590 |a ProQuest Ebook Central  |b Ebook Central Academic Complete 
650 0 |a Bank reserves  |z Latin America. 
650 0 |a Transmission mechanism (Monetary policy)  |z Latin America. 
650 0 |a Credit  |z Latin America. 
650 0 |a Business cycles  |z Latin America. 
650 6 |a Banques  |x Réserves  |z Amérique latine. 
650 6 |a Mécanismes de transmission (Politique monétaire)  |z Amérique latine. 
650 6 |a Crédit  |z Amérique latine. 
650 6 |a Cycles économiques  |z Amérique latine. 
650 7 |a Bank reserves  |2 fast 
650 7 |a Business cycles  |2 fast 
650 7 |a Credit  |2 fast 
650 7 |a Transmission mechanism (Monetary policy)  |2 fast 
651 7 |a Latin America  |2 fast 
700 1 |a Garcia-Escribano, Mercedes,  |e author. 
700 1 |a Vera-Martín, Mercedes,  |e author. 
710 2 |a International Monetary Fund.  |b African Department,  |e issuing body. 
758 |i has work:  |a Credit growth and the effectivenss of reserve requiremetns and other macroprudential instruments in Latin America (Text)  |1 https://id.oclc.org/worldcat/entity/E39PCGThX8xjtJyK397DqjyMrq  |4 https://id.oclc.org/worldcat/ontology/hasWork 
830 0 |a IMF working paper ;  |v WP/12/142. 
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