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Politiques Des Reserves Obligatoires Et Politique Fiscale Dans Un Pays En Developpement: Monetary Policy Reserve Requirements And Fiscal Policy In Developping Countries

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  • LAURENT AUGIER
  • XIAOXIAO WANG

Abstract

RESUME:Cette note évalue les conséquences de la politique des réserves obligatoires (ro) sur l’équilibrede long terme dans économie en développement à la Bencivenga et Smith (1992). Ces derniersmontrent que le taux des réserves obligatoires optimal est constant. Dans cette contribution,nous montrons que le taux optimal des ro devient endogène, lorsque les entrepreneurs sontneutres vis-à-vis du risque. Les banques peuvent constituer des réserves libres, déjouant ainsi lapolitique des réserves obligatoires dont l’impact dépend aussi du taux d’imposition. Le contrôlede l’offre de monnaie devient nettement plus complexe en comparaison de Bencivenga et Smith(1992).

Suggested Citation

  • Laurent Augier & Xiaoxiao Wang, 2013. "Politiques Des Reserves Obligatoires Et Politique Fiscale Dans Un Pays En Developpement: Monetary Policy Reserve Requirements And Fiscal Policy In Developping Countries," Brussels Economic Review, ULB -- Universite Libre de Bruxelles, vol. 56(3-4), pages 291-311.
    • Handle: RePEc:bxr:bxrceb:2013/174855
    Note: Special Issue30th Symposium on Money, Banking and FinanceGuest editors: Christian Aubin, Noëlle Duport andDaniel Goyeau
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    References listed on IDEAS

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    Keywords

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    JEL classification:

    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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