Open Access

Use and Limitations of the Reserve Requirement Policy in Montenegro


Cite

1. Amonoo, E., Acquah P. K. & Asmah E. E. (2003). The Impact of Interest Rates on Demand for Credit and Loan Repayment by the Poor and SMEs in Ghana, Impact of Financial Sector Liberalization on the Poor. International Labour Office Research Paper 03-10.Search in Google Scholar

2. Barro R. J. (1990). The Stock Market and Investment. Review of Financial Studies 3 (1), 115-131.10.1093/rfs/3.1.115Search in Google Scholar

3. Bernanke, B. S. & Blinder, A. S. (1989). The federal funds rate and the channels of monetary transmission. Federal Reserve Bank of Philadelphia Working Papers 89-10.Search in Google Scholar

4. Bernanke, B. S. & Gertler, M. (1995). Inside the Black Box: The Credit Channel of Monetary Policy Transmission. National Bureau of Economic Research Working Paper 5146.10.3386/w5146Search in Google Scholar

5. Cargill, T. F. & Mayer, T. (2006). The effect of changes in reserve requirements during the 1930s: The evidence from nonmember banks. Journal of Economic History, 66(2), 1-16.10.1017/S0022050706000179Search in Google Scholar

6. Central Bank of Montenegro. (2006). Empirical research on the impact of reserve requirement on the key financial variables in Montenegro. Central Bank of Montenegro Working paper 9.Search in Google Scholar

7. Friedman, M. & Jacobson Schwartz, A. (1963). A Monetary History of the United States 1867-1960. Princeton: Princeton University Press.Search in Google Scholar

8. Hanson, G. H. (2001). Should Countries Promote Foreign Direct Investment? United Nations, G-24 Discussion Paper 9.Search in Google Scholar

9. Kashyap, A. K. & Stein, J. C. (1994). The Impact of Monetary Policy on Bank Balance Sheets. National Bureau of Economic Research Working Paper 4821.10.3386/w4821Search in Google Scholar

10. Lipsey, R. E. (2002). Home and Host Country Effects of FDI. National Bureau of Economic Research Working Paper 9293.10.3386/w9293Search in Google Scholar

11. Loungani, P. & Rush, M. (1995). The Effect of Changes in Reserve Requirements on Investment and GNP. Journal of Money, Credit and Banking, 27(2), 511-26.10.2307/2077881Search in Google Scholar

12. McKinnon, R. I. (1973). Money and Capital in Economic Development. Washington D.C: The Brookings Institution.Search in Google Scholar

13. Romer, C. D. & Romer, D. H. (1993). Monetary Policy Matters. Journal of Monetary Economics, 34, 75-88.10.1016/0304-3932(94)01150-8Search in Google Scholar

14. Shaw, E. S. (1973). Financial Deepening in Economic Development. New York: Oxford University Press.Search in Google Scholar

15. Slovin, M. B., Sushka, M. E. & Bendeck Y. M. (1990). The market valuation effects of reserve regulation. Journal of Monetary Economics, 25, 3-19.10.1016/0304-3932(90)90041-2Search in Google Scholar

eISSN:
2336-9205
Language:
English
Publication timeframe:
3 times per year
Journal Subjects:
Business and Economics, Business Management, other