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Reserve requirements in the brave new macroprudential world (English)

The active use of prudential instruments to regulate the level of credit and influence its allocation, popular in the 1970s and 1980s, fell somehow into disgrace in the 1990s, when the regulatory pendulum swung towards liberalization as a way to foster financial deepening and a more efficient allocation of resources. ... See More +

Publication 86475 JAN 01, 2014

Cordella, Tito; Federico, Pablo; Vegh, Carlos; Vuletin, Guillermo Disclosed