Gebieten internationale Gründe die Abschaffung der Mindestreserve?

In this article, the author analyzes the hypothesis that the minimum reserve requirements deteriorate the international competitiveness of the German financial system and that these requirements favor external money markets and thus reduce the effectiveness of monetary policy in Germany. The result...

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Bibliographic Details
Published in:Weltwirtschaftliches Archiv 1991-01, Vol.127 (3), p.429-451
Main Author: Hesse, Helmut
Format: Article
Language:ger
Online Access:Get full text
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Summary:In this article, the author analyzes the hypothesis that the minimum reserve requirements deteriorate the international competitiveness of the German financial system and that these requirements favor external money markets and thus reduce the effectiveness of monetary policy in Germany. The result of the analysis is that abolishing the minimum reserve requirements would admittedly reduce the disturbances coming from abroad, but that at the same time it would abate the effectiveness of a central bank with an internationally dominant position. Thus, the author does not recommend to abolish the minimum reserve requirements for international reasons.
ISSN:0043-2636