message of this paper is that with readily available tools a central bank can enable deep negative rates whenever needed … of the central bank. To that end, we (i) survey approaches to enable deep negative rates discussed in the literature and …

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 …

This paper analyzes interest rate pass-through in Ghana. Time series and bank-specific data are utilized to highlight … prime rate illustrate the challenges the Bank of Ghana faces when targeting a short-term money market interest rate …

, reduced role of securities markets, imperfect competition in the banking sector and the resulting high cost of bank lending to … private firms, the traditional channels (interest rate, bank lending, and asset price) are impaired in LICs. The exchange rate … channel is also undermined by central bank intervention in the foreign exchange market. These conclusions are supported by …

The stickiness of bank lending rates with respect to money market rates is often regarded as an obstacle to the smooth …