Explorando por Autor "Carrera, César"
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Ítem Acceso Abierto The Evolving Role of Reserve Requirements in Monetary Policy(Pontificia Universidad Católica del Perú. CENTRUM, 2013) Carrera, CésarThe design of monetary policy has been a subject of debate in the specialized literature. Over the last three decades, this literature has moved from questioning the very existence of reserve requirements (RRs) to analyzing and discussing their role as a tool for monetary policy. The large variation in how central banks implement RRs around the world suggests that a consensus has yet to emerge on what constitutes an optimal reserve requirement strategy. I survey the main modeling strategies which incorporate RRs in the design of monetary policy. Furthermore, I discuss different modeling approaches in which RRs can affect the banking system, improve monetary policy decisions, and help achieve a central bank’s macroeconomic objectives.Ítem Texto completo enlazado Walsh, Carl. Monetary Theory and Policy. Tercera edición. Cambridge: The MIT Press. 640 pp.(Pontificia Universidad Católica del Perú. Fondo Editorial, 2011) Carrera, CésarNo presenta resumen