China’s Evolving Reserve Requirements
نویسندگان
چکیده
منابع مشابه
Financial development and reserve requirements
Many countries have either eliminated or considerably reduced reserve requirements during the last decade. This paper derives the optimal reserve requirements of a simple economy with production and ®nancial intermediation subject to costly state veri®cation, and shows that one motivation for the widely observed reduction in the level of mandatory reserves is linked to the process of ®nancial m...
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In recent years many banks have withdrawn from the FRS, and the primary reason given is that they must hold a larger share of their assets in non-earning form as members than if they were nonmembers.1 The FRS has proposed to reduce member bank reserve requirements as a means of making membership more attractive. State bank regulators, however, might wish to counter this action in order to keep ...
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Reserve requirements have been part of the regulator)' apparatus of banking in the United States for more than a century and a half. No matter what their original purpose may have been, maintaining the burden of reserve requirements needs a contemporary rationale that can justify the problems they create. The problems attributed to reserve requirements are woven into the fabric of financial mar...
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We review arguments for and against reserve requirements and conclude that the main question is whether a distinction between money creation and intermediation can be made. We argue that such a distinction can be made in a money-in-advance economy and show that if the the money-inadvance constraint is universally binding then reserve requirements on checkable accounts have no effect on intermed...
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Reserve requirements have traditionally been viewed as a key instrument of monetary policy. Indeed, textbook discussions of monetary policy typically center on the role of reserve requirements in determining the size of the money multiplier and the magnitude of bank credit expansion. In recent years, however, there has been a significant decline in the use of reserve requirements in the United ...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2011
ISSN: 1556-5068
DOI: 10.2139/ssrn.1973525