Series: IMF Working Papers
Author(s): Anne Gulde
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 October 1997
Keywords: Banks, Banking Regulation, Central Bank Policy, liquid asset, banking, reserve requirement, financial sector, bonds
As a monetary, selective credit, and government debt-management instrument, a liquid asset ratio is generally inefficient and may introduce serious distortions. However, it may play a limited role as a prudential i...