negative interest rate incentives

07
mars

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 [...]