The negative interest rate policy in the euro area and the supply of bank loans

M. de Sola Perea and M. Kasongo Kashama

Economic Review, 2017, issue iii, 42-61

Abstract: Despite having a policy rate in negative territory for more than three years now, euro area banks are still paying positive interest rates on customers’ deposits. What explains this? And what can it imply for the access to bank loans?

Date: 2017
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