Liquiditätszufuhr

Liquiditätszufuhr, also known as liquidity injection, refers to the process by which a central bank or monetary authority increases the money supply in an economy. This is typically done to stimulate economic activity, prevent a credit crunch, or manage inflation. The most common method of liquiditätszufuhr is through open market operations, where the central bank purchases government securities or other assets from commercial banks. This injects cash into the banking system, making more funds available for lending.

Another tool for liquiditätszufuhr is the reduction of reserve requirements. Banks are required to hold a certain percentage of their deposits as reserves. By lowering this requirement, banks have more money available to lend out. Central banks can also adjust their policy interest rates, such as the discount rate or the repo rate. A lower interest rate makes it cheaper for banks to borrow money from the central bank, encouraging them to take on more liquidity.

The primary goal of liquiditätszufuhr is to ensure that there is sufficient money and credit available in the economy to support normal economic transactions and growth. Excessive liquidity can lead to inflation, while insufficient liquidity can cause economic stagnation or even recession. Therefore, central banks carefully manage their liquidity operations to achieve their macroeconomic objectives. The effectiveness of liquiditätszufuhr can depend on various factors, including the overall health of the financial system and the prevailing economic conditions.