publication . Article . Preprint . 2007

Reserve Requirement Systems in OECD Countries

Yueh-Yun C. O’Brien;
Open Access
  • Published: 01 Jan 2007 Journal: SSRN Electronic Journal (eissn: 1556-5068, Copyright policy)
  • Publisher: Elsevier BV
Abstract
This paper compares the reserve requirements of OECD countries. Reserve requirements are the minimum percentages or amounts of liabilities that depository institutions are required to keep in cash or as deposits with their central banks. To facilitate monetary policy implementation, twenty-four of the thirty OECD countries impose reserve requirements to influence their banking systems’ demand for liquidity. These include twelve OECD countries that are also members of the European Economic and Monetary Union (EMU) and twelve non-EMU OECD countries. All EMU countries employ a single reserve requirement system, which is treated as one entity. ; The reserve requirem...
Subjects
free text keywords: Federal Reserve Economic Data, Reserve requirement, Monetary reform, Official cash rate, Market liquidity, Economics, Bank reserves, Finance, business.industry, business, Monetary policy, Statutory liquidity ratio
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