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100   $a20111102d2012      uy             0
101 0 $aeng
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181   $ctxt
182   $cc
183   $acr
200 10$aCredit growth and the effectiveness of reserve requirements and other macroprudential instruments in Latin America$b[electronic resource] /$fCamilo E. Tovar, Mercedes Garcia-Escribano and Mercedes Vera Martin
210   $aWashington, D.C. $cInternational Monetary Fund$dc2012
215   $a1 online resource (30 p.)
225 1 $aIMF working paper ;$v12/142
300   $aDescription based upon print version of record.
311   $a1-4755-6348-5 
311   $a1-4755-0399-7 
320   $aIncludes bibliographical references.
327   $aCover; Contents; I. Introduction; Table; 1. Recent Macroprudential Measures; II. Reserve Requirements as a Macroprudential Tool; Figures; 1. Reserve Requirements on Banks Liabilities; III. Literature Review; A. Some Theoretical Considerations; 2. Effects of Reserve Requirements when Financial Intermediation Involves a Competitive Loan Market and Market Power in the Deposit Market; 3. Effects of Reserve Requirements when Financial Intermediation Involves a Competitive Deposit Market and Market Power in the Loan Market; B. The Recent Latin American Experience
327   $a4. Credit Dynamics and Interest Rates5. Reserve Requirements in Brazil; 6. Reserve Requirements in Colombia; C. Recent Empirical Literature on the Latin America Experience; 7. Reserve Requirements in Peru; IV. Empirical Analysis; 8 Latin America: Average and Marginal Reserve Requirements; A. Event Analysis; 9. Impact of RRs and other Macroprudential Measures on Private Credit Growth; B. Dynamic Panel Vector Autoregression; 10. Impulse Response of Private Credit Growth to Macroprudential Policy Shocks; 11. Complementary Role of Macroprudential Policies and Reserve Requirements; V. Conclusions
327   $aReferences
330   $aOver the past decade policy makers in Latin America have adopted a number of macroprudential instruments to manage the procyclicality of bank credit dynamics to the private sector and contain systemic risk. Reserve requirements, in particular, have been actively employed. Despite their widespread use, little is known about their effectiveness and how they interact with monetary policy. In this paper, we examine the role of reserve requirements and other macroprudential instruments and report new cross-country evidence on how they influence real private bank credit growth. Our results show that
410  0$aIMF working paper ;$v12/142.
606   $aCredit control$zLatin America
606   $aBanking law$zLatin America
608   $aElectronic books.
615  0$aCredit control
615  0$aBanking law
700   $aTovar Mora$b Camilo Ernesto$0866028
701   $aGarcia-Escribano$b Mercedes$0936731
701   $aVera-Marti?n$b Mercedes$0956313
801  0$bMiAaPQ
801  1$bMiAaPQ
801  2$bMiAaPQ
906   $aBOOK
912   $a9910452625003321
996   $aCredit growth and the effectiveness of reserve requirements and other macroprudential instruments in Latin America$92165283
997   $aUNINA