Ebook Download Reserve Requirementson Foreign Currency Deposits in Sub-Saharan Africa

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Reserve Requirementson Foreign Currency Deposits in Sub-Saharan Africa High quality books

Reserve Requirementson Foreign Currency Deposits in Sub-Saharan Africa
By:Mr. Arto Kovanen
Published on 2002-04-01 by International Monetary Fund

This paper reviews the reserve requirement arrangements of sub-Saharan Africa, focusing on the differences between reserve requirements on domestic- and foreign-currency deposits. The reserve requirement systems in sub-Saharan Africa are relatively simple and transparent, but in some countries high unremunerated reserve ratios impose a significant implicit tax on the banks. The currency denomination of the foreign-currency reserve deposits raises concern in countries undergoing large macroeconomic changes or experiencing exchange rate volatility.

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Book which was published by International Monetary Fund since 2002-04-01 have ISBNs, ISBN 13 Code is 9781451895278 and ISBN 10 Code is 1451895275

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