| Document Date: 2012-03-01 03:39:00
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City Ottawa / Paris / / Company Kohler / Capital Goods Producers Capital / The Central Bank of Turkey / / Country Colombia / Turkey / France / United States / Croatia / China / Ireland / / / IndustryTerm stabilization tool / unconventional monetary policy tool / bank / lower bank profits / liquidity management / monetary policy tool / nancial stability tool / bank profits / appropriate policy tool / macroprudential tool / bank sets / / Organization Banque de France / International Monetary Fund / Central Bank of Turkey / Banco Central do Brasil / Central Bank of Malaysia / / Person Maia de Oliveira Ribeira / Souza Rodrigues / Bt / Mirko Abbritti / Robert King / Fabian Eser / Carl Walsh / Pascal Towbin / Christian Glocker / / / Position Author / MP / model / as households do not hold cash / King / / Region Latin America / /
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Reserve Requirements for Price and Financial Stability: When Are They Effective?∗ Christian Glocker and Pascal Towbin Banque de France Reserve requirements are a prominent policy instrument in many emerging countries.