Reserve Requirements and Monetary Management: An Introduction

International Monetary Fund

No 1993/035, IMF Working Papers from International Monetary Fund

Abstract: Reserve requirements are widely used by central banks as a means to improve monetary control, an instrument for policy implementation, a source of revenue, and a safeguard of bank liquidity. The effectiveness of reserve requirements in fulfilling these functions is reviewed, and the detailed modalities of their use are examined. Reserve requirements in a sample of developing countries are described.

Keywords: WP; reserve requirement; monetary aggregate; foreign currency; opportunity cost; borrowing bank; deposit liability; bank profit; bank behavior; bank liquidity; money multiplier; maintenance requirement; currency denomination; reserve holding; banks' vault cash; liquid asset; Reserve requirements; Monetary base; Currencies; Monetary aggregates; Bank deposits (search for similar items in EconPapers)
Pages: 52
Date: 1993-04-01
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Citations: View citations in EconPapers (1)

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