The Bavarian Savings Bank Association and large-denomination banknotes
Tomorrow's Transactions
JUNE 22, 2016
and economic theory would predict that at a minus rate, depositors (and this includes companies as well as banks and individuals) would prefer to hold cash rather than pay the central bank to look after their money for them. From Penalty interest: Unions want money rather stash in the vault – SPIEGEL ONLINE.
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