 | The Scarcity Effect of Quantitative Easing on Repo Rates: Evidence from the Euro Area Author/Editor: William Arrata, Benoit Nguyen, Imene Rahmouni-Rousseau, Miklos Vari. Release Date:December, 2018 Most short-term interest rates in the Euro area are below the European Central Bank deposit facility rate, the rate at which the central bank remunerates banks’ excess reserves. This unexpected more...
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