examines whether the adoption of a negative interest rate policy has any effect on bank lending margins. We find that bank … effects of NIRP on bank lending margins were stronger for smaller, less capitalized, deposit-dependent banks. Finally, our …

How do near-zero interest rates affect bank competition, risk taking and regulation? I study these questions in a … insurance may induce excessive risk taking. The zero lower bound on deposit rates (ZLB) distorts bank competition and boosts …

How do near-zero deposit rates affect (optimal) bank capital regulation and risk taking? I study these questions in a … requirements vary with the level of interest rates if the ZLB binds occasionally. Subsidizing bank funding costs at the ZLB dampens …