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Tag Archives: excess reserves

On an unknown element of the Eurosystem monetary governance

 Published by: https://braveneweurope.com/sergio-cesaratto-sharing-central-banks-costs-and-profits-of-monetary-policy-in-the-euro-area Sergio Cesaratto - Sharing Central Banks’ costs and profits of monetary policy in the euro area (Adapted for Brave New Europe from Lavoce.info) ; the author thanks Giancarlo Bergamini for help in editing the translation). A debate has developed in Europe (on Vox.eu and elsewhere) on the fiscal costs related to the interest payments that central banks...

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