However, their relative importance appears to have shifted over this period. And that made it difficult to determine the appropriate monetary policy response. Looking at the economic data at the beginning of 2004, we saw that net exports had made a significant negative contribution to Canadian economic growth in 2003.
2  BIS Review 27/2009  Reserve requirements While many central banks in developed economies have virtually abandoned reserve requirements, commercial banks in Barbados are still required by the Central Bank to hold reserve requirements. This can act as a source of support should banks experience liquidity problems.