More than two years ago the European Central Bank (ECB) adopted a negative interest rate policy (NIRP) to achieve its …, interest rate cuts also weigh on bank profitability. Substantial rate cuts may at some point outweigh the benefits from higher …

Central bank liquidity lines have gained momentum since the global financial crisis as a crosscurrency liquidity … markets relative to currencies not covered by these facilities by 51 basis points. Consistent with a stylized model, bank …

monetary policy communications by the Central Bank of Chile (CBC). To do so, we construct indeces of monetary policy surprises …

advanced and emerging market economies. The Reserve Bank of India’s implementation of a flexible inflation targeting framework …

in the GCC. We use bank-level panel data, exploiting variation across banks within countries, to isolate the impact of ….S. monetary policy to liability rates than to asset rates and bank profitability, largely reflecting funding structures. In … addition, we explore the role of shifts in the quantity of bank liabilities as policy rates change and the role of large banks …