Negative Einlagezinsen im Euroraum? Lehren aus Dänemark

Jens Klose

Wirtschaftsdienst, 2013, vol. 93, issue 12, 824-827

Abstract: The ECB’s interest rate reduction in November 2013 has intensified the discussion about negative deposit rates in the euro area. The experience in Denmark has shown however that the efficient implementation of these rates would be necessary. In particular, loopholes would need to be closed and opposing actions avoided. Following this, the ECB would have to introduce the negative deposit rate not only on the deposit facility but also on excess reserves in its current accounts. Moreover, minimum reserve requirements should be abolished to raise the effectiveness of negative deposit rates. Copyright ZBW and Springer-Verlag Berlin Heidelberg 2013

Keywords: E43; E52; E58 (search for similar items in EconPapers)
Date: 2013
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DOI: 10.1007/s10273-013-1607-0

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