Klose, Jens - In: Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 100 (2020) 5, pp. 374-379
The European Central Bank (ECB) reduced its deposit rate into negative territory in June 2014. It has been reduced … without taking great risks and avoiding nominal depreciation. This article shows, however, that the deposit rate has never … tiering programme increased the average deposit rate rather than decreased it as one would have supposed. With this programme …