The central bank’s attempt to influence the interest rate structure in a currency area via changes in the (re)discount rate. – See Depositor’s liability, First class bill, Founder’s quarrel, Rediscount rate, Interest rate responsiveness.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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https://www.jung-stilling-gesellschaft.de/merk/
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