Ampudia, Miguel; Heuvel, Skander van den - 2019
Does banks' exposure to interest rate risk change when interest rates are very low or even negative? Using a high … reached zero and below. Since then, a further unexpected cut of 25 basis points in the short-term policy rate lowered banks … far more pronounced for banks with a more traditional, deposit-intensive funding mix. We argue that the reversal as well …
