Saturday, October 24, 2015

Andrea Terzi — More Target2 divergence: This time is different

In conclusion, the QE liquidity largely goes to banks in the “core” and sits there. This also means that “core” banks are the ones most penalized by negative rates.
Money And The Real Economy
More Target2 divergence: This time is different
Andrea Terzi, Professor of Economics, Franklin College, Switzerland

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