interest-bearing wealth or savings. The validity of the hypothesis has been challenged by several empirical (ir … a particular pattern of the term structure of interest rates was also forwarded. Growth – general equilibrium - models …

The current phase of low interest rates poses major challenges for banks. A continuous decline in the interest result … for banks to generate sufficient income from the interest margin. This is partlydue to the European Central Bank … German banking market and the mostly strong focus of German banks on interest-bearing business are also increasingly becoming …