“Measuring the Natural Rate of Interest: International Trends and Determinants,” in Richard  - 12 Clarida and Lucrezia Reichlin, organizers, NBER International Seminar on Macroeconomics 2016. Amsterdam: Journal of International Economics (Elsevier). Johannsen, Benjamin K., and Elmar Mertens (2016). “The Expected Real Interest Rate in the Long Run: Time Series Evidence with the Effective Lower Bound,” FEDS Notes.
[3]  Some have questioned this proposal, arguing that, in the event of a CCP being resolved, any losses would be borne by the taxpayers of the country where the CCP is domiciled.