Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/115453
Authors: 
Armas, Adrián
Castillo, Paul
Vega, Marco
Year of Publication: 
2014
Series/Report no.: 
IDB Working Paper Series IDB-WP-499
Abstract: 
This paper provides an overview of the reserve requirement measures undertaken by the Central Bank of Peru. It provides a rationale for the use of these instruments as well as empirical evidence of their effectiveness. In general, the results show that tightening reserve requirements has the desired effects on interest rates and credit levels at both banks and smaller financial institutions (cajas municipales).
Subjects: 
Nonconventional monetary policy
Inflation targeting
Reserve requirements
JEL: 
E51
E52
E58
G21
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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