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Surplus liquidity, central bank losses and the use of reserve requirements in emerging markets

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  • Andreas Hoffmann
  • Axel Loeffler

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  • Andreas Hoffmann & Axel Loeffler, 2017. "Surplus liquidity, central bank losses and the use of reserve requirements in emerging markets," Review of International Economics, Wiley Blackwell, vol. 25(5), pages 990-998, November.
    • Handle: RePEc:bla:reviec:v:25:y:2017:i:5:p:990-998
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    File URL: http://hdl.handle.net/10.1111/roie.12292
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    References listed on IDEAS

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    1. Mr. Peter Stella & Mr. Ulrich H Klueh, 2008. "Central Bank Financial Strength and Policy Performance: An Econometric Evaluation," IMF Working Papers 2008/176, International Monetary Fund.
    2. Pablo Federico & Carlos A. Vegh & Guillermo Vuletin, 2014. "Reserve Requirement Policy over the Business Cycle," IMES Discussion Paper Series 14-E-06, Institute for Monetary and Economic Studies, Bank of Japan.
    3. Olivier Jeanne & Lars E. O. Svensson, 2007. "Credible Commitment to Optimal Escape from a Liquidity Trap: The Role of the Balance Sheet of an Independent Central Bank," American Economic Review, American Economic Association, vol. 97(1), pages 474-490, March.
    4. Åke Lönnberg & Mr. Peter Stella, 2008. "Issues in Central Bank Finance and Independence," IMF Working Papers 2008/037, International Monetary Fund.
    5. Maxwell J. Fry, 1993. "The Fiscal Abuse of Central Banks," IMF Working Papers 1993/058, International Monetary Fund.
    6. Martin Cincibuch & Tomáš Holub & Jaromír Hurník, 2009. "Central Bank Losses and Economic Convergence," Czech Journal of Economics and Finance (Finance a uver), Charles University Prague, Faculty of Social Sciences, vol. 59(3), pages 190-215, August.
    7. Axel Löffler & Gunther Schnabl & Franziska Schobert, 2010. "Inflation Targeting by Debtor Central Banks in Emerging Market Economies," CESifo Working Paper Series 3138, CESifo.
    8. Gustavo Adler & Pedro Castro & Camilo Tovar, 2016. "Does Central Bank Capital Matter for Monetary Policy?," Open Economies Review, Springer, vol. 27(1), pages 183-205, February.
    9. Buiter, Willem, 2008. "Can Central Banks Go Broke?," CEPR Discussion Papers 6827, C.E.P.R. Discussion Papers.
    10. Bindseil, Ulrich & Manzanares, Andrés & Weller, Benedict, 2004. "The role of central bank capital revisited," Working Paper Series 392, European Central Bank.
    11. Nada Oulidi & Mr. Alain Ize, 2009. "Why Do Central Banks Go Weak?," IMF Working Papers 2009/013, International Monetary Fund.
    12. Mr. Peter Stella, 1997. "Do Central Banks Need Capital?," IMF Working Papers 1997/083, International Monetary Fund.
    13. Mr. Peter Stella, 2008. "Central Bank Financial Strength, Policy Constraints and Inflation," IMF Working Papers 2008/049, International Monetary Fund.
    14. Matthew Higgins & Thomas Klitgaard, 2004. "Reserve accumulation: implications for global capital flows and financial markets," Current Issues in Economics and Finance, Federal Reserve Bank of New York, vol. 10(Sep).
    15. Alain Ize, 2007. "Spending Seigniorage: Do Central Banks Have a Governance Problem?," IMF Staff Papers, Palgrave Macmillan, vol. 54(3), pages 563-589, July.
    16. Osama D. Sweidan, 2011. "Central bank losses: causes and consequences," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 25(1), pages 29-42, May.
    17. Taylor, John B., 1993. "Discretion versus policy rules in practice," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 39(1), pages 195-214, December.
    18. Ms. Claudia H Dziobek & Mr. John W. Dalton, 2005. "Central Bank Losses and Experiences in Selected Countries," IMF Working Papers 2005/072, International Monetary Fund.
    19. Ake Lonnberg & Peter Stella, 2008. "Issues in central bank finance and independence," FRB Atlanta Working Paper 2008-13, Federal Reserve Bank of Atlanta.
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    2. Nakhli, Mohamed Sahbi & Gaies, Brahim, 2021. "Political risk and financial development in Nigeria: Can credit buy social peace?," The Quarterly Review of Economics and Finance, Elsevier, vol. 82(C), pages 55-62.

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