Can the ECB negative interest rate induce banks to lend more to each other? (Etude)
FRENCH version follows the ENGLISH version here-below // Version française à la suite de la version anglaise I thank Peter Stella and Jézabel Couppey-Soubeyran for feedback and insightfull discussions. Opinions are my own. Highlights: – It is recognized by many economists that a negative interest rate is not a tool aiming at « inducing banks to […]