Monetary policy with a touch of Basel /

Monetary policy with a touch of Basel /

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Bibliographic Details
Author / Creator:	Chami, Ralph.
Imprint:	[Washington, D.C.] : International Monetary Fund, IMF Institute, ©2001.
Description:	1 online resource (47 pages) : illustrations
Language:	English
Series:	IMF working paper, 2227-8885 ; WP/01/151 IMF working paper ; WP/01/151.
Subject:	Monetary policy -- Econometric models. Bank reserves -- Econometric models. Capital -- Econometric models. Bank reserves -- Econometric models. Capital -- Econometric models. Monetary policy -- Econometric models.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12496325

Hidden Bibliographic Details
Other authors / contributors:	Cosimano, Thomas F. International Monetary Fund. IMF Institute.
ISBN:	1451902158 9781451902150 1462315577 9781462315574 1452783500 9781452783505 1282110160 9781282110168 9786613803054 6613803057
Notes:	Includes bibliographical references (pages 40-47). Restrictions unspecified Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010. Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 English. digitized 2010 HathiTrust Digital Library committed to preserve Print version record.
Summary:	The typical portrait of monetary policy has the banks and the money supply being manipulated through changes in bank reserves. However, with only a small portion of bank deposits now subject to reserve requirements, an alternative explanation of how monetary policy influences banks is needed. Over the last decade, capital requirements have effectively replaced reserve requirements as the main constraint on the behavior of banks. This paper explores the implications of Basel capital requirements for monetary policy. In particular, we identify a "bank balance-sheet channel" of monetary policy, which operates through the impact on the money stock and the economy
Other form:	Print version: Chami, Ralph. Monetary policy with a touch of Basel. [Washington, D.C.] : International Monetary Fund, IMF Institute, ©2001
Standard no.:	10.5089/9781451902150.001

Description
Summary:	The typical portrait of monetary policy has the banks and the money supply being manipulated through changes in bank reserves. However, with only a small portion of bank deposits now subject to reserve requirements, an alternative explanation of how monetary policy influences banks is needed. Over the last decade, capital requirements have effectively replaced reserve requirements as the main constraint on the behavior of banks. This paper explores the implications of Basel capital requirements for monetary policy. In particular, we identify a "bank balance-sheet channel" of monetary policy, which operates through the impact on the money stock and the economy.
Physical Description:	1 online resource (47 pages) : illustrations
Format:	Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
Bibliography:	Includes bibliographical references (pages 40-47).
ISBN:	1451902158 9781451902150 1462315577 9781462315574 1452783500 9781452783505 1282110160 9781282110168 9786613803054 6613803057
ISSN:	2227-8885 ;