| Titre | L'instrument de réserves obligatoires dans l'UEM | |
|---|---|---|
| Auteur | Peter Taubert | |
 |
Revue | Economie et prévision |
| Numéro | no 109, 1993/3 | |
| Rubrique / Thématique | Essais sur l'Union Économique et Monétaire |
|
| Page | 75-89 | |
| Résumé anglais |
The Reserve Requirements Tool under EMU,
by Peter Taubert.
Following the ratification of the treaty on the European Union, some central banks have virtually renounced the reserve requirements tool (the United Kingdom and BLEU) while others, chiefly the Bundesbank, intend to maintain it. Meanwhile, in the south of the Community, the link remains to be broken between money aeation and the funding of public deficits from bank reserves. With a general trend towards lightening the reserve load, especially for deposits at market rates where banking competition is the fiacest, the reforms underway resemble the action taken by the central banks. Nevertheless, the relative weights of monetary bases and currency reserves as well as the ability to act on monetary rates remain highly unbalanced. The Treaty in no way foresees what the future reserve system might be. Yet the European System of Central Banks might eventually make up for the structural deviations in liquidity by drawing on a legal reserves market. Source : Éditeur (via Persée) |
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| Article en ligne | http://www.persee.fr/web/revues/home/prescript/article/ecop_0249-4744_1993_num_109_3_5623 |
