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1714
05.04.2019
including on operations subject to mandatory control;
• systematically understated the amount of reserves to be set up and overstated the value of assets in order
Process». Monthly Report, April 2017.
Carpenter S. and Demiralp S. (2012) «Money, reserves, and the transmission of monetary
policy: Does the money multiplier exist?». Journal
notable improvement in
retailers’ 2018 financial results suggests that they have sufficient reserves to afford this.
2 The net effect of the VAT increase from
1717
03.04.2019
On Procedure for Credit Institutions to Account Operations Related to Compliance with Reserve Requirements’ (becomes effective on 1 May 2019; posted on the Bank of
central banks include:
• US Federal Reserve System (Fed) – A target for an interest rate at which depository institutions
lend reserve balances to other depository institutions