Financial regulation affects government revenue whenever it imposes both the mandatory quantity and price of government bonds. This paper studies a banking regulation adopted by the National Bank of Ethiopia in April 2011, which forces all private banks to purchase a fixed negative-yield government bond in proportion to private sector lending. Having access to monthly bank balance sheets, a survey of branch costs and public finances documentation...
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INFORMATION
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2016/06/28
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Document de travail de recherche sur les politiques
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WPS7733
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1
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1
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2016/06/28
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Disclosed
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Financial regulation and government revenue : the effects of a policy change in Ethiopia
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finance and markets
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