01748cas a2200241 a 4500 AALejournalIMF001598 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451843583 1018-5941 BD-DhAAL BD-DhAAL Molho, Lazaros. Reserve Requirementson Bank Deposits a+L558s Implicit Taxes : A Case Study of Italy / Lazaros Molho. Washington, D.C. : International Monetary Fund, 1992. 1 online resource (27 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper analyzes the quasi-fiscal effects of Italy's relatively high bank reserve requirements, against the background of growing pressure to align them with those of other EC countries. The paper develops an integrated accounting framework for the measurement of implicit and explicit taxes on the banking system and applies that framework to the Italian experience during the 1980s. Pointing to a lack of transparency in the yield and incidence of the reserve requirement tax, the results reinforce the case for lowering the attendant burden on the Italian banking system. It is estimated that that burden could be halved at a cost to the budget of no more than 0.2 percent of GDP. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1992/018 Full text available on IMF http://elibrary.imf.org/view/journals/001/1992/018/001.1992.issue-018-en.xml IMF e-Library