• Linkedin
  • Twitter
  • Youtube
Expanding zero-interest minimum reserve requirements: aims, effects, and side-effects

SUERF BAFFI Bocconi webinar

Expanding zero-interest minimum reserve requirements: aims, effects, and side-effects

Tuesday, 12 December 2023 I 14:00-15:30 CEST I online via Webex

De Grauwe and Ji (2023c) suggest expanding the minimum-reserve requirements for banks in the euro area – e.g., by a factor of 10, thereby increasing it to 1.65 trillion EUR – and stopping to remunerate them. Only reserves held in excess of the minimum-reserve requirement would be remunerated at the interest rate on the deposit facility (currently 4%). Accordingly, the “subsidies” to commercial banks by the Eurosystem through reserve remuneration would be reduced. In this seminar, the authors and a panel of outstanding experts from central banks, academia and the financial sector will discusses the aims, the transmission channels, the potential benefits and undesirable side effects of such a measure. Attendants will have the possibility to ask questions and contribute arguments.

Tuesday, 12 December 2023
14:00 Welcome and Introduction

Welcome by Ernest Gnan, SUERF

Paul de Grauwe, Professor, John Paulson Chair in European Political Economy, European Institute I LSE

Yuemei Ji, Professor of Economics, University College London

14:20 Discussion and Q&A with the audience

Chair: Stefan Schmitz, Head, Financial Stability and Macroprudential Supervision Division, Oesterreichische Nationalbank

Nicolas Charnay, Managing Director I Sector Lead, S&P Global Ratings Europe

Claudia Kwapil, Principal Economist, Oesterreichische Nationalbank

Robert McCauley, Non-Resident Senior Fellow, Boston University I Faculty of History, University of Oxford

Karol Paludkiewicz, Senior Research Economist, Deputy Head I Financial Markets Research Section, Deutsche Bundesbank

15:30 End

© SUERF - The European Money and Finance Forum 2010-2018 .:. Société Universitaire Européenne de Recherches Financières

Privacy Policy .:. Legal notice

Design by draganmarkovic.net