• English
    • français
  • Help
  •  | 
  • Contact
  •  | 
  • About
  •  | 
  • Login
  • HAL portal
  •  | 
  • Pages Pro
  • EN
  •  / 
  • FR
View Item 
  •   LillOA Home
  • Liste des unités
  • Lille Économie Management (LEM) - UMR 9221
  • View Item
  •   LillOA Home
  • Liste des unités
  • Lille Économie Management (LEM) - UMR 9221
  • View Item
JavaScript is disabled for your browser. Some features of this site may not work without it.

A note on reserve requirements and banks' ...
  • BibTeX
  • CSV
  • Excel
  • RIS

Document type :
Article dans une revue scientifique
DOI :
10.1002/ijfe.2403
Permalink :
http://hdl.handle.net/20.500.12210/56498
Title :
A note on reserve requirements and banks' liquidity
Author(s) :
Bitar, Joseph [Auteur]
Lille économie management - UMR 9221 [LEM]
Journal title :
International Journal of Finance and Economics
Publisher :
Wiley
Publication date :
2020-12-28
ISSN :
1076-9307
HAL domain(s) :
Sciences de l'Homme et Société
Sciences de l'Homme et Société/Economies et finances
English abstract : [en]
Unlike past literature adopting the loanable funds view, we follow the financing model of bank intermediation in order to analyse the monetary mechanisms relating to reserve requirements and compute banks' margins on their ...
Show more >
Unlike past literature adopting the loanable funds view, we follow the financing model of bank intermediation in order to analyse the monetary mechanisms relating to reserve requirements and compute banks' margins on their lending and deposit activities. We show that, when remunerated at a rate below the money market interest rate, reserve requirements increase the spread between bank loans and deposits interest rates, without any impact on the level of interest rates. We review and analyse the uses of reserve requirements as a prudential tool and as a monetary policy instrument. We also analyse their use for capital flows management and for de‐dollarization in emerging economies. We argue that reserve requirements are a sub‐optimal and outdated policy tool, and we suggest imposing direct taxes on banks' deposits and loans interest payments, as a more efficient alternative to reserve requirements.Show less >
Language :
Anglais
Peer reviewed article :
Oui
Audience :
Internationale
Popular science :
Non
Collections :
  • Lille Économie Management (LEM) - UMR 9221
Source :
Harvested from HAL
Submission date :
2021-11-13T01:44:00Z
Université de Lille

Mentions légales
Université de Lille © 2017