Interest on excess reserves: Difference between revisions
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imported>Doug Williamson m (Added acronym to definition - 9/5/13) |
imported>Doug Williamson m (Add internal reference to "real economy".) |
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(IOER). The issue where central banks pay excess returns on deposits from commercial banks, leading to a disincentive to lend into the real economy. | (IOER). The issue where central banks pay excess returns on deposits from commercial banks, leading to a disincentive to lend into the [[real economy]]. | ||
Revision as of 13:58, 14 August 2013
(IOER). The issue where central banks pay excess returns on deposits from commercial banks, leading to a disincentive to lend into the real economy.
