{"id":6004,"date":"2012-11-04T18:34:02","date_gmt":"2012-11-04T23:34:02","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=6004"},"modified":"2012-11-04T18:34:02","modified_gmt":"2012-11-04T23:34:02","slug":"nationalbanken-defends-sub-zero-bemoaned-by-banks-nordic-credit-bloomberg","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2012\/11\/04\/nationalbanken-defends-sub-zero-bemoaned-by-banks-nordic-credit-bloomberg\/","title":{"rendered":"Nationalbanken Defends Sub-Zero Bemoaned by Banks &#124; Bloomberg"},"content":{"rendered":"<p>Peter Levring and Frances Schwartzkopff write that Denmark&#8217;s central bank has taken an unusual step to defend the krone from capital inflows similar to those experienced earlier by Switzerland.<\/p>\n<blockquote><p>The central bank has kept its deposit rate at minus 0.2 percent since July, in an effort to fight off a capital influx and maintain the krone\u2019s peg to the euro.<\/p><\/blockquote>\n<p>Deposits held at the central bank are charged a fee of 0.2%, rather than paid interest as in the US.<\/p>\n<blockquote><p>At the same time, the industry is still paying its customers to hold their deposits in an effort to attract stable funding and reduce reliance on wholesale financing. That\u2019s turned deposit banking in Denmark into a losing business.<\/p><\/blockquote>\n<p>The measure would encourage banks to increase lending, loosening credit standards to avoid the charge on excess reserves. It would also reduce the rate paid on call deposits, while increasing bank competition for more stable time deposits.<\/p>\n<p>via <a href='http:\/\/www.bloomberg.com\/news\/2012-11-02\/nationalbanken-defends-sub-zero-bemoaned-by-banks-nordic-credit.html'>Nationalbanken Defends Sub-Zero Bemoaned by Banks: Nordic Credit &#8211; Bloomberg<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Peter Levring and Frances Schwartzkopff write that Denmark&#8217;s central bank has taken an unusual step to defend the krone from capital inflows similar to those experienced earlier by Switzerland. The central bank has kept its deposit rate at minus 0.2 percent since July, in an effort to fight off a capital influx and maintain the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/11\/04\/nationalbanken-defends-sub-zero-bemoaned-by-banks-nordic-credit-bloomberg\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Nationalbanken Defends Sub-Zero Bemoaned by Banks &#124; Bloomberg&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[31,33],"tags":[999,2411,2429],"class_list":["post-6004","post","type-post","status-publish","format-standard","hentry","category-the-fed-banks-interest-rates","category-uk-europe-countries-regions","tag-denmark","tag-nationalbanken","tag-negative-interest-rates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Nationalbanken Defends Sub-Zero Bemoaned by Banks &#124; Bloomberg - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nationalbanken Defends Sub-Zero Bemoaned by Banks &#124; Bloomberg - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Peter Levring and Frances Schwartzkopff write that Denmark&#8217;s central bank has taken an unusual step to defend the krone from capital inflows similar to those experienced earlier by Switzerland. The central bank has kept its deposit rate at minus 0.2 percent since July, in an effort to fight off a capital influx and maintain the &hellip; Continue reading &quot;Nationalbanken Defends Sub-Zero Bemoaned by Banks &#124; Bloomberg&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/11\/04\/nationalbanken-defends-sub-zero-bemoaned-by-banks-nordic-credit-bloomberg\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/\" \/>\n<meta property=\"article:published_time\" content=\"2012-11-04T23:34:02+00:00\" \/>\n<meta name=\"author\" content=\"Colin Twiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Colin Twiggs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/11\/04\/nationalbanken-defends-sub-zero-bemoaned-by-banks-nordic-credit-bloomberg\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/11\/04\/nationalbanken-defends-sub-zero-bemoaned-by-banks-nordic-credit-bloomberg\/\"},\"author\":{\"name\":\"Colin Twiggs\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/person\/d42b18d516a80149d739845749ac6454\"},\"headline\":\"Nationalbanken Defends Sub-Zero Bemoaned by Banks &#124; Bloomberg\",\"datePublished\":\"2012-11-04T23:34:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/11\/04\/nationalbanken-defends-sub-zero-bemoaned-by-banks-nordic-credit-bloomberg\/\"},\"wordCount\":173,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#organization\"},\"keywords\":[\"Denmark\",\"Nationalbanken\",\"Negative interest rates\"],\"articleSection\":[\"Banks &amp; Interest Rates\",\"UK &amp; Europe\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2012\/11\/04\/nationalbanken-defends-sub-zero-bemoaned-by-banks-nordic-credit-bloomberg\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/11\/04\/nationalbanken-defends-sub-zero-bemoaned-by-banks-nordic-credit-bloomberg\/\",\"url\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/11\/04\/nationalbanken-defends-sub-zero-bemoaned-by-banks-nordic-credit-bloomberg\/\",\"name\":\"Nationalbanken Defends Sub-Zero Bemoaned by Banks &#124; Bloomberg - the patient investor\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#website\"},\"datePublished\":\"2012-11-04T23:34:02+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/11\/04\/nationalbanken-defends-sub-zero-bemoaned-by-banks-nordic-credit-bloomberg\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2012\/11\/04\/nationalbanken-defends-sub-zero-bemoaned-by-banks-nordic-credit-bloomberg\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/11\/04\/nationalbanken-defends-sub-zero-bemoaned-by-banks-nordic-credit-bloomberg\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/thepatientinvestor.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Nationalbanken Defends Sub-Zero Bemoaned by Banks &#124; Bloomberg\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/thepatientinvestor.com\/#website\",\"url\":\"https:\/\/thepatientinvestor.com\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. 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He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters. Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis. Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008\/2009 and 2020 bear markets well ahead of actual events. 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The central bank has kept its deposit rate at minus 0.2 percent since July, in an effort to fight off a capital influx and maintain the &hellip; Continue reading \"Nationalbanken Defends Sub-Zero Bemoaned by Banks &#124; Bloomberg\"","og_url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/11\/04\/nationalbanken-defends-sub-zero-bemoaned-by-banks-nordic-credit-bloomberg\/","og_site_name":"the patient investor","article_publisher":"https:\/\/www.facebook.com\/profile.php?id=61572934660810","article_author":"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/","article_published_time":"2012-11-04T23:34:02+00:00","author":"Colin Twiggs","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Colin Twiggs","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/thepatientinvestor.com\/index.php\/2012\/11\/04\/nationalbanken-defends-sub-zero-bemoaned-by-banks-nordic-credit-bloomberg\/#article","isPartOf":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2012\/11\/04\/nationalbanken-defends-sub-zero-bemoaned-by-banks-nordic-credit-bloomberg\/"},"author":{"name":"Colin Twiggs","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/person\/d42b18d516a80149d739845749ac6454"},"headline":"Nationalbanken Defends Sub-Zero Bemoaned by Banks &#124; Bloomberg","datePublished":"2012-11-04T23:34:02+00:00","mainEntityOfPage":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2012\/11\/04\/nationalbanken-defends-sub-zero-bemoaned-by-banks-nordic-credit-bloomberg\/"},"wordCount":173,"commentCount":0,"publisher":{"@id":"https:\/\/thepatientinvestor.com\/#organization"},"keywords":["Denmark","Nationalbanken","Negative interest rates"],"articleSection":["Banks &amp; Interest Rates","UK &amp; Europe"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/thepatientinvestor.com\/index.php\/2012\/11\/04\/nationalbanken-defends-sub-zero-bemoaned-by-banks-nordic-credit-bloomberg\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/thepatientinvestor.com\/index.php\/2012\/11\/04\/nationalbanken-defends-sub-zero-bemoaned-by-banks-nordic-credit-bloomberg\/","url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/11\/04\/nationalbanken-defends-sub-zero-bemoaned-by-banks-nordic-credit-bloomberg\/","name":"Nationalbanken Defends Sub-Zero Bemoaned by Banks &#124; Bloomberg - the patient investor","isPartOf":{"@id":"https:\/\/thepatientinvestor.com\/#website"},"datePublished":"2012-11-04T23:34:02+00:00","breadcrumb":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2012\/11\/04\/nationalbanken-defends-sub-zero-bemoaned-by-banks-nordic-credit-bloomberg\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/thepatientinvestor.com\/index.php\/2012\/11\/04\/nationalbanken-defends-sub-zero-bemoaned-by-banks-nordic-credit-bloomberg\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/thepatientinvestor.com\/index.php\/2012\/11\/04\/nationalbanken-defends-sub-zero-bemoaned-by-banks-nordic-credit-bloomberg\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/thepatientinvestor.com\/"},{"@type":"ListItem","position":2,"name":"Nationalbanken Defends Sub-Zero Bemoaned by Banks &#124; Bloomberg"}]},{"@type":"WebSite","@id":"https:\/\/thepatientinvestor.com\/#website","url":"https:\/\/thepatientinvestor.com\/","name":"The Patient Investor","description":"Smart. 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He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters. Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis. Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008\/2009 and 2020 bear markets well ahead of actual events. 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Not all banks are created equal. The reason is deposit insurance for deposits under \u20ac100,000 implied that the government would stand behind its banks and\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7326,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/03\/27\/forget-too-big-to-fail-kill-the-fractional-reserve-banking-system\/","url_meta":{"origin":6004,"position":1},"title":"Forget too-big-to-fail: Kill the fractional reserve banking system","author":"ColinTwiggs","date":"March 27, 2013","format":false,"excerpt":"Interesting discussion on Bloomberg about currency-backed deposits and equity-funded loans. The fractional reserve banking system is the primary cause of instability and asset bubbles in the global economy, allowing banks to create money out of thin air. Credit expansion above the rate of real GDP growth has only two possible\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11265,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/11\/03\/increasing-bank-capital-is-in-the-interest-of-shareholders\/","url_meta":{"origin":6004,"position":2},"title":"Increasing bank capital is in the interest of shareholders","author":"ColinTwiggs","date":"November 3, 2014","format":false,"excerpt":"Westpac CEO Gail Kelly warns that all Australians will have to carry the cost of making the financial system safer: \"Of course you can ever increase capital and become ever more safe, but that does come at a cost. The increasing of capital ends up having ultimately having a diminishing\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5791,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/10\/22\/the-chicago-plan-1939\/","url_meta":{"origin":6004,"position":3},"title":"The Chicago Plan (1939)","author":"Colin Twiggs","date":"October 22, 2012","format":false,"excerpt":"The 1939 proposal -- A PROGRAM FOR MONETARY REFORM -- by a group of eminent economists, including Irving Fisher, became known as the \"Chicago Plan\" after its chief proponent, professor Henry Simons from the University of Chicago. The core proposal is to require banks to hold 100% reserves against demand\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10833,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/09\/07\/a-prominent-financial-columnist-is-calling-for-radical-reforms-to-the-global-economy-business-insider\/","url_meta":{"origin":6004,"position":4},"title":"A Prominent Financial Columnist Is Calling For Radical Reforms To The Global Economy | Business Insider","author":"ColinTwiggs","date":"September 7, 2014","format":false,"excerpt":"From The Economist review of Martin Wolf's new book \u201cThe Shifts and the Shocks: What We\u2019ve Learned\u2013and Have Still to Learn\u2013from the Financial Crisis\u201d: To make finance safer, Mr Wolf suggests replacing a fractional reserve banking system, which takes in deposits and lends most of them out in longer-term loans,\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":41219,"url":"https:\/\/thepatientinvestor.com\/index.php\/2023\/03\/12\/svb-update\/","url_meta":{"origin":6004,"position":5},"title":"SVB update","author":"Colin Twiggs","date":"March 12, 2023","format":false,"excerpt":"SVB Financial Group (SIVB) reported Thursday that it needed to raise $2.5 billion to cover losses on security investments. Its subsidiary, Silicon Valley Bank was closed Friday, with regulators appointing the FDIC as administrator. Total liabilities of the group are $195 billion, according to its last report, including $173 billion\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/6004","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=6004"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/6004\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=6004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=6004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=6004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}