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The effects of negative interest rates : a literature review and additional evidence on the performance of the European banking sector

Carbó Valverde, Santiago; Cuadros-Solas, Pedro Jesús; … - In: The European journal of finance 27 (2021) 18, pp. 1908-1938

Persistent link: https://www.econbiz.de/10013373213

Banks and negative interest rates

Heider, Florian; Saidi, Farzad; Schepens, Glenn - 2021

how the transmission depends on bank balance sheets, and how this changes once policy rates become negative. We review the …

Persistent link: https://www.econbiz.de/10012518247

Banks and negative interest rates

Heider, Florian; Saidi, Farzad; Schepens, Glenn - In: Annual review of financial economics 13 (2021), pp. 201-218

Persistent link: https://www.econbiz.de/10012612497

Monetary policy transmission to mortgages in a negative interest rate environment

Amzallag, Adrien; Calza, Alessandro; Georgarakos, Dimitris - 2019

Do negative policy rates hinder banks' transmission of monetary policy? To answer this question, we examine the behaviour of Italian mortgage lenders using a novel loan-level dataset. When policy rates turn negative, banks with higher ratios of retail overnight deposits to total assets charge...

Persistent link: https://www.econbiz.de/10011975610

Monetary policy transmission below zero

Fungáčová, Zuzana; Kerola, Eeva; Laine, Olli-Matti - 2023

This study considers the pass-through of different ECB monetary policy measures to bank corporate lending rates of … transmission of monetary policy to bank lending rates appears to have become less efficient below zero, particularly in the case of … below zero or held significant amounts of negative interest-bearing central bank deposits. We see a reversal in the pass …

Persistent link: https://www.econbiz.de/10014308203

Mixing QE and interest rate policies at the effective lower bound : micro evidence from the euro area

Bittner, Christian; Rodnyansky, Alexander; Saidi, Farzad; … - 2021 - First version: June 15, 2021, this version: October 12, 2021

In the presence of negative monetary-policy rates and a zero lower bound on deposit rates, banks that are more exposed to central banks' asset-purchase programs reduce their lending to the real economy by more than their counterparts. When banks face a lower bound on customer deposit rates, an...

Persistent link: https://www.econbiz.de/10012649768