The current phase of low interest rates poses major challenges for banks. A continuous decline in the interest result … for banks to generate sufficient income from the interest margin. This is partlydue to the European Central Bank … German banking market and the mostly strong focus of German banks on interest-bearing business are also increasingly becoming …

While the formal decision of the ECB Council to impose interest on Target claims and liabilities is meaningless, this … paper shows that the pooling of primary interest income among national central banks in the Eurozone implies that Target and … cash balances do, in fact, bear an effective rate of interest. The magnitude of this effective rate of interest is given by …

The current phase of low interest rates poses major challenges for banks. A continuous decline in the interest result … for banks to generate sufficient income from the interest margin. This is partlydue to the European Central Bank … German banking market and the mostly strong focus of German banks on interest-bearing business are also increasingly becoming …