01793cas a2200241 a 4500 AALejournalIMF011896 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475503999 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. Credit Growth and the Effectiveness of Reserve Requirements and Other Macroprudential Instruments in Latin America. Washington, D.C. : International Monetary Fund, 2012. 1 online resource (29 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 Over the past decade policy makers in Latin America have adopted a number of macroprudential instruments to manage the procyclicality of bank credit dynamics to the private sector and contain systemic risk. Reserve requirements, in particular, have been actively employed. Despite their widespread use, little is known about their effectiveness and how they interact with monetary policy. In this paper, we examine the role of reserve requirements and other macroprudential instruments and report new cross-country evidence on how they influence real private bank credit growth. Our results show that these instruments have a moderate and transitory effect and play a complementary role to monetary policy. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2012/142 Full text available on IMF http://elibrary.imf.org/view/journals/001/2012/142/001.2012.issue-142-en.xml IMF e-Library