Discover and read the best of Twitter Threads about #Eurosystem
Most recents (2)
[1/🧵] "#ISO20022 is bigger than you think"
You've probably heard that term a few times and wondered what it meant. 🤔
In case you are curious now:
A brief explanation of everything important.
There will be nothing complicated ahead, so don't worry. 🧵👇
You've probably heard that term a few times and wondered what it meant. 🤔
In case you are curious now:
A brief explanation of everything important.
There will be nothing complicated ahead, so don't worry. 🧵👇
[2/24] — Outline —
🔹 Origin & Timeline
🔹 What's the big deal?
🔹 Details regarding the transformation
🔹 Migration Approaches
🔹 Relations to #Crypto (#DTI)
🔹 @Ripple & #JSON formats
🔹 Origin & Timeline
🔹 What's the big deal?
🔹 Details regarding the transformation
🔹 Migration Approaches
🔹 Relations to #Crypto (#DTI)
🔹 @Ripple & #JSON formats
[3/24] — Origin & Timeline —
The #ISO 20022 standardization efforts began very early on. Indeed, you may be wondering how you missed it until this date. 😅
The #ISO 20022 standardization efforts began very early on. Indeed, you may be wondering how you missed it until this date. 😅
A barely known fact when it comes to the @ECB's recent interest rate hikes: Banks are now being subsidized for doing nothing.
Yes, read that again: Commercial banks connected to the #Eurosystem GAIN interest by NOT lending their money!
A 🧵 on why that is and why it's dumb.
Yes, read that again: Commercial banks connected to the #Eurosystem GAIN interest by NOT lending their money!
A 🧵 on why that is and why it's dumb.
The ECB's monetary policy toolbox comprises, among other things, three dedicated interest rates:
1. The Main Refinancing Operations (MRO) rate, currently at 1.25%
2. The rate of the Marginal Lending Facility, currently at 1.5%
3. The Deposit Facility rate (DFR), now at 0.75%
1. The Main Refinancing Operations (MRO) rate, currently at 1.25%
2. The rate of the Marginal Lending Facility, currently at 1.5%
3. The Deposit Facility rate (DFR), now at 0.75%
The former two rates apply when banks acquire loans from the ECB and have to pay interest on those loans. These have never been below 0%.
The latter rate, as the name suggests, applies on the money (excess reserves) a bank deposits at the ECB, i.e. money not used otherwise.
The latter rate, as the name suggests, applies on the money (excess reserves) a bank deposits at the ECB, i.e. money not used otherwise.
