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 …

growing economy. Third, the rate of interest in Marx.s economics is conceived of as a monetary category determined by relative … rate of capital accumulation is determined by the expected rate of profit and the exogenous rate of interest. From this it …

workers) and interest. A number of conclusions is readily made on the basis of the model. First, in an economy without a … pay interest over their loans; and when people in addition make savings, the debt situation for firms deteriorates. Second … crisis without harming society at large would be the partial or total destruction of obligations on interest. …