Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/74608 
Erscheinungsjahr: 
2013
Schriftenreihe/Nr.: 
Working Paper No. 120
Verlag: 
Universität Leipzig, Wirtschaftswissenschaftliche Fakultät, Leipzig
Zusammenfassung: 
The paper attempts to shed light on the link between monetary policy in large economies with international currencies (the United States and the euro area) and the use of reserve requirements in emerging markets. Using reserve requirement data for 28 emerging markets from 1998 to 2012 we provide evidence that emerging markets tend to raise reserve requirements and repress financial markets to curb speculative capital inflows when interest rates in the major economies decline. Our finding suggests that the current low interest rate policies of the major economies may have collateral effects on emerging markets by triggering financially repressive policies.
Schlagwörter: 
Reserve Requirements
Financial Repression
Emerging Markets
JEL: 
E52
E58
Dokumentart: 
Working Paper

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