02107cas a2200253 a 4500 AALejournalIMF016000 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513517711 1934-76851 BD-DhAAL BD-DhAAL International Monetary Fund. Monetary and Capital Markets Department. Bosnia and Herzegovina: Technical Assistance Report-Implementation of a New Reserve Requirement Framework. Bosnian Bosnia and Herzegovina : Technical Assistance Report-Implementation of a New Reserve Requirement Framework. Washington, D.C. : International Monetary Fund, 2019. 1 online resource (55 pages) IMF Staff Country Reports <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 Since 2014, the CBBH has been exposed to a negative spread on the reinvestment of the reserve requirements. Until 2014, the CBBH remunerated reserve requirements on the basis of the returns achieved on their reinvestment in the euro area money market. In 2014, when the European Central Bank (ECB) cut the deposit facility rate below zero, the CBBH decided not to follow the ECB in the remuneration of reserve requirements and to floor such remuneration to zero. Subsequently, in 2016, the CBBH decided to remunerate excess reserves at 50 percent of the ECB deposit facility rate and to continue remunerating reserve requirements at 0 percent. This exposes the CBBH to a negative spread of about 0.25 percent and 0.45 percent between the reinvestment yield and the remuneration of excess reserves and reserve requirements, respectively. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2019/316 Full text available on IMF http://elibrary.imf.org/view/journals/002/2019/316/002.2019.issue-316-bs.xml IMF e-Library