Mimir, Yasin; Sunel, Enes; Taskin, Temel - Türkiye Cumhuriyet Merkez Bankası - 2012
endogenous capital constraints for banks in obtaining funds from households, (ii) banks are subject to time-varying reserve …. We find that (i) the time-varying required reserve ratio rule countervails the negative effects of the financial … policy over the business cycle, and (iii) a time-varying reserve requirement policy is welfare superior to a fixed reserve …