Causes and consequences of negative interest rates (notice n° 547016)
[ vue normale ]
| 000 -LEADER | |
|---|---|
| fixed length control field | 01307cam a2200205 4500500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20250121114538.0 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | fre |
| 042 ## - AUTHENTICATION CODE | |
| Authentication code | dc |
| 100 10 - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Blot, Christophe |
| Relator term | author |
| 245 00 - TITLE STATEMENT | |
| Title | Causes and consequences of negative interest rates |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2017.<br/> |
| 500 ## - GENERAL NOTE | |
| General note | 93 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | Since 2014, the ECB has applied a negative interest rate to commercial banks’ excess reserves (and deposit facilities). This policy is complementary to Quantitative Easing (QE), a program whereby the ECB purchases securities on financial markets. Indeed, QE provides liquidity to the banks and negative interest rates encourage them to reallocate this liquidity. The total amount of liquidity subject to a negative interest rate is 865 billion euros. The negative reserve rate amplifies the fall in short-term and long-term market rates and reinforces the incentive for commercial banks to operate reallocation on their portfolios towards riskier assets. JEL: E51, E52,G21. |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | excess reserves |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | negative interest rates |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | monetary policy |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Hubert, Paul |
| Relator term | author |
| 786 0# - DATA SOURCE ENTRY | |
| Note | Revue de l'OFCE | o 148 | 4 | 2017-01-04 | p. 219-245 | 1265-9576 |
| 856 41 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://shs.cairn.info/journal-revue-de-l-ofce-2016-4-page-219?lang=en&redirect-ssocas=7080">https://shs.cairn.info/journal-revue-de-l-ofce-2016-4-page-219?lang=en&redirect-ssocas=7080</a> |
Pas d'exemplaire disponible.
Réseaux sociaux