Negative Interest Rates: Taking Stock of the Experience So Far

This departmental paper aims to take stock of the experience with negative interest rate policies so far.
Volume/Issue: Volume 2021 Issue 003
Publication date: March 2021
ISBN: 9781513570082
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Topics covered in this book

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Banks and Banking , Finance , Money and Monetary Policy , Economics / General , International - Economics , Negative interest rates , monetary policy , bank lending and profitability , nonbank financial institutions , money market rate , bank profit , accommodative monetary policy reaction , interest rate cut , vault cash , Central bank policy rate , Deposit rates , Bank deposits , Currencies , Global , Europe , Asia and Pacific

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Summary

This paper focuses on negative interest rate policies and covers a broad range of its effects, with a detailed discussion of findings in the academic literature and of broader country experiences.