Negative interest rates, excess reserves and tiering of the ECB: How heavily are banks burdened?
Abstract The European Central Bank (ECB) reduced its deposit rate into negative territory in June 2014. It has been reduced further in several steps to reach today’s level of −0.5%. Banks are increasingly facing problems investing their deposits without taking great risks and avoiding nominal deprec...
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| Main Author: | |
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| Format: | Article |
| Language: | deu |
| Published: |
Sciendo
2020-05-01
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| Series: | Wirtschaftsdienst |
| Online Access: | https://doi.org/10.1007/s10273-020-2658-7 |
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