The European Tribune is a forum for thoughtful dialogue of European and international issues. You are invited to post comments and your own articles.
Please REGISTER to post.
Of course, there won't be as much easy money around to pay bonuses with...
But actually, the problem is convincing the central bank to do this. The retail banks can be bought simply by paying the policy rate on regulatory reserves as well as excess reserves. Do they deserve that subsidy? Arguably yes, since regulatory reserves arise when people deposit money (or keep borrowed money) in the bank. So the difference between the support rate and the retail rate would be the government subsidy for banks who manage the payment clearing infrastructure.
- Jake Friends come and go. Enemies accumulate.
by gmoke - Jul 4
by Oui - Jul 3 1 comment
by Oui - Jun 30 25 comments
by IdiotSavant - Jun 24 16 comments
by Oui - Jun 25 51 comments
by IdiotSavant - Jun 16 16 comments
by Frank Schnittger - Jun 15 14 comments
by Frank Schnittger - Jun 10 15 comments
by Oui - Jul 54 comments
by Oui - Jul 43 comments
by Oui - Jul 3
by Oui - Jul 31 comment
by gmoke - Jul 2
by Oui - Jun 3025 comments
by Oui - Jun 301 comment
by Oui - Jun 297 comments
by Oui - Jun 2735 comments
by Oui - Jun 2551 comments
by IdiotSavant - Jun 2416 comments
by Oui - Jun 2310 comments
by Oui - Jun 2313 comments
by gmoke - Jun 22
by Oui - Jun 20
by Oui - Jun 1916 comments
by asdf - Jun 184 comments
by Oui - Jun 184 comments
by IdiotSavant - Jun 1616 comments