2 ms·

Not saying should be done right now, but I would consider not having a discussion about it an error. German Bundesbank has a timeseries database you can drill

• JumpCrisscross 3y ago
  I meant on the Bundesbank providing checking accounts. Source on that, why it was ended, et cetera.
  • RandomLensman 3y ago
    I didn't say checking accounts, but money storage with the respective sovereign (and daily liquidity). Was actually the German finance agency (same thing for our purposes really, as only daily risk is sovereign Germany). There were claims that lobbying by banks killed it, but it was also not very attractive in a low yield environment. Ostensibly, it was created to broaden the funding base of the Federal Republic, I think. This was the thing: https://www.deutsche-finanzagentur.de/bundeswertpapiere/bundeswertpapierarten/sonstige-finanzierungsinstrumente/tagesanleihe https://www.deutsche-finanzagentur.de/bundeswertpapiere/bund...
    • JumpCrisscross 3y ago
      We once had postal banking in America [1]. I could see a bridge to narrow banking working if it’s restricted to natural person depositors and prohibited from paying interest or something. (And by extension, their reserves wouldn’t earn as much as their risk-taking peers.) > money storage with the respective sovereign (and daily liquidity) You can buy overnight bills in most countries. [1] https://www.investopedia.com/what-is-postal-banking-5217341 https://www.investopedia.com/what-is-postal-banking-5217341