Misunderstood Central Bank Reserves

dc.contributor.author	Bernhardsen, Tom
dc.contributor.author	Kloster, Arne
dc.date.accessioned	2018-08-16T12:11:39Z
dc.date.available	2018-08-16T12:11:39Z
dc.date.issued	2012
dc.identifier.uri	http://hdl.handle.net/11250/2558270
dc.description.abstract	Recently, the media in Norway and other countries have reported that euro area banks have sharply increased their deposits with the ECB. That is correct. Some commentators attribute the high level of deposits with the ECB to banks’ unwillingness to lend to one another or to their customers, preferring to keep their funds on deposit with the central bank. This conclusion is misleading. It may be that banks are unwilling to lend, but the volume of deposits with the ECB reveals nothing about this.	nb_NO
dc.language.iso	eng	nb_NO
dc.publisher	Norges Bank	nb_NO
dc.relation.ispartofseries	Economic Commentaries;1/2012
dc.rights	Attribution-NonCommercial-NoDerivatives 4.0 Internasjonal	*
dc.rights.uri	http://creativecommons.org/licenses/by-nc-nd/4.0/deed.no	*
dc.title	Misunderstood Central Bank Reserves	nb_NO
dc.type	Others	nb_NO
dc.description.version	publishedVersion	nb_NO
dc.subject.nsi	VDP::Samfunnsvitenskap: 200::Økonomi: 210::Samfunnsøkonomi: 212	nb_NO
dc.source.pagenumber	2	nb_NO

Except where otherwise noted, this item's license is described as Attribution-NonCommercial-NoDerivatives 4.0 Internasjonal