The interest rate paid by the European Central Bank (ECB) on excess reserves declined below zero in
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The interest rate paid by the European Central Bank (ECB) on excess reserves declined below zero in 2014 (and remained there as of 2019). What was the rationale behind this move to a negative deposit rate, and why would banks be willing to pay to keep deposits with the ECB?
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The European Central Bank ECB implemented a negative deposit rate policy in 2014 as part of its broader monetary policy response to address economic challenges in the Eurozone The rationale behind thi...View the full answer
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Related Book For 
Money Banking And Financial Markets
ISBN: 9781260226782
6th Edition
Authors: Stephen Cecchetti, Kermit Schoenholtz
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