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Negative Interest Rate Policy (NIRP) : Implications for Monetary Transmission and Bank Profitability in the Euro Area
Jobst, Andreas (Andy) - 2016
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 …
Persistent link: https://www.econbiz.de/10012977791
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Monetary Policy in India : Transmission to Bank Interest Rates
Das, Sonali - 2015
bank interest rates in India. There is evidence of asymmetric adjustment to monetary policy: the lending rate adjusts more …
Persistent link: https://www.econbiz.de/10013019014
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How Do Changing U.S. Interest Rates Affect Banks in the Gulf Cooperation Council (GCC) Countries?
Adedeji, Olumuyiwa - 2020
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 …
Persistent link: https://www.econbiz.de/10012843506
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Pushed Past the Limit? How Japanese Banks Reacted to Negative Interest Rates
Hong, Gee Hee - 2018
In this paper, we investigate how negative interest rate policy (NIRP) introduced in January2016 by the Bank of Japan …
Persistent link: https://www.econbiz.de/10012913933
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Monetary Policy with Negative Interest Rates : Decoupling Cash from Electronic Money
Assenmacher, Katrin - 2018
Monetary policy space remains constrained by the lower bound in many countries, limitingthe policy options available to address future deflationary shocks. The existence of cashprevents central banks from cutting interest rates much below zero. In this paper, we considerthe practical feasibility...
Persistent link: https://www.econbiz.de/10012910358
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Demographics and the Natural Rate of Interest in Japan
Han, Fei - 2019
expectations, challenge the Bank of Japan's efforts to reflate the economy. This paper uses a semi-structural model to estimate the …
Persistent link: https://www.econbiz.de/10012889159
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Monetary Policy Implementation and Volatility Transmission Along the Yield Curve : The Case of Kenya
Alper, C. Emre - 2016
an interbank rate as an operational target and suggest that the central bank could reduce uncertainty in short …
Persistent link: https://www.econbiz.de/10012977834
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Banking in a Steady State of Low Growth and Interest Rates
Chen, Qianying - 2018
curves and an inability to offer deposit rates significantly below zero combine to compress bank earnings in this environment …
Persistent link: https://www.econbiz.de/10012910355
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Lower Bound Beliefs and Long-Term Interest Rates
Grisse, Christian - 2017
We study the transmission of changes in the believed location of the lower bound to long-term interest rates since the introduction of negative interest rate policies. The expectations hypothesis of the term structure combined with a lower bound on policy rates suggests that normal policy...
Persistent link: https://www.econbiz.de/10012957836
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Do Interest Rate Controls Work? Evidence from Kenya
Alper, C. Emre - 2019
This paper reviews the impact of interest rate controls in Kenya, introduced in September 2016. The intent of the controls was to reduce the cost of borrowing, expand access to credit, and increase the return on savings. However, we find that the law on interest rate controls has had the...
Persistent link: https://www.econbiz.de/10012868262