Negative Interest Rate Policy (NIRP)

Implications for Monetary Transmission and Bank Profitability in the Euro Area

Negative Interest Rate Policy (NIRP)
More than two years ago the European Central Bank (ECB) adopted a negative interest rate policy (NIRP) to achieve its price stability objective. Negative interest rates have so far supported easier financial conditions and contributed to a modest expansion in credit, demonstrating that the zero lower bound is less binding than... READ MORE...

Publication date: August 2016
ISBN 9781475524475
$18.00

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