If reserves earned a negative return at the margin, banks would have more incentive to lend (which is the motivation for these proposals). But more lending might not be the outcome.

假如边际储蓄利率将为负数，银行将会有更大的动机去借出（这就是这个方案的动机），但是实际上更多的贷款不会是这个方案的结果。

youdao

If reserves earned a negative return at the margin, banks would have more incentive to lend (which is the motivation for these proposals). But more lending might not be the outcome.

假如边际储蓄利率将为负数，银行将会有更大的动机去借出（这就是这个方案的动机），但是实际上更多的贷款不会是这个方案的结果。

youdao