Arbeitspapier

On the empirics of reserve requirements and economic growth

Reserve requirements, as a tool of macroprudential policy, have been increasingly employed since the outbreak of the great financial crisis. We conduct an analysis of the effect of reserve requirements in tranquil and crisis times on credit and GDP growth making use of Bayesian model averaging methods. In terms of credit growth, we can show that initial negative effects of higher reserve requirements (which are often reported in the literature) tend to be short-lived and turn positive in the longer run. In terms of GDP per capita growth, we find on average a negative but not robust effect of regulation in tranquil times, which is only partly offset by a positive but also not robust effect in crisis times.

Sprache
Englisch

Erschienen in
Series: IWH Discussion Papers ; No. 8/2018

Klassifikation
Wirtschaft
Bayesian Analysis: General
Financial Markets and the Macroeconomy
Economic Growth of Open Economies
Financial Institutions and Services: Government Policy and Regulation
Thema
reserve requirements
macroprudential policy
credit growth
economic growth
Bayesian model averaging

Ereignis
Geistige Schöpfung
(wer)
Crespo-Cuaresma, Jesus
Schweinitz, Gregor von
Wendt, Katharina
Ereignis
Veröffentlichung
(wer)
Leibniz-Institut für Wirtschaftsforschung Halle (IWH)
(wo)
Halle (Saale)
(wann)
2018

Handle
URN
urn:nbn:de:gbv:3:2-90902
Letzte Aktualisierung
10.03.2025, 11:43 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Crespo-Cuaresma, Jesus
  • Schweinitz, Gregor von
  • Wendt, Katharina
  • Leibniz-Institut für Wirtschaftsforschung Halle (IWH)

Entstanden

  • 2018

Ähnliche Objekte (12)