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Reserve Requirements and Monetary Management: An Introduction
Author:
International Monetary Fund
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Series:
IMF Working Papers
Volume/Issue:
Volume 1993: Issue 035
Language:
English
Publication Date:
01 Apr 1993
DOI:
https://doi.org/10.5089/9781451978445.001
ISBN:
9781451978445
ISSN:
1018-5941
Pages:
52
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
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IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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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.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund
Volume 1993: Issue 035