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Passing on negative interest rates [PDF]
International Journal of Management and Economics, 2020 Since the ECB has lowered the interest rate on deposits into negative territory, more and more commercial banks are also passing on this negative interest rate to their customers.
Stadtmann Georg +3 more
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NEGATIVE INTEREST RATES AND HOUSING BUBBLES [PDF]
Civil Engineering Journal, 2016 In years after the financial crisis economists started to propose negative interest rates as a way how to escape from a liquidity trap. Negative interest rate was considered to be impossible but few countries have already set them below the lower zero ...
Dominik Stroukal, Božena Kadeřábková
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Negative Interest Rate Policy in Switzerland [PDF]
Entrepreneurial Business and Economics Review, 2018 Objective: The purpose of this study is to present a review of the negative interest rate policy of the Swiss National Bank (SNB) after the outbreak of the financial crisis, in the context of falling real interest rates.
Elisabeth Ziegler-Hasiba, Ernesto Turnes
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Journal of Risk and Financial Management, 2020 Negative interest rates are an invention of monetary authorities to show that monetary activism does not have boundaries, i.e., as if there is no such thing as a liquidity trap. Their presence in the financial landscape has redefined the benefits to savers and to investors.
Khoury, Sarkis Joseph, Pal, Poorna C.
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Managing the Risks of Negative Interest Rates [PDF]
Risk Management Magazine, 2021 The acceleration in the issuance of government debt since the global financial crisis has led central bankers to engineer interest rates that are historically low in nominal terms and consistently lower than inflation rates.
Ioannis Akkizidis
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The Impact of Nominal Negative Interest Rates on the Economy – Literature Review
Journal of Banking and Financial Economics, 2022 Until recently, negative nominal interest rates of the central bank were in the sphere of theoretical considerations. In 2009, the Swedish Central Bank was the first to implement a negative interest rate policy (NIRP).
Jakub Kubiczek
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Banks and Negative Interest Rates [PDF]
Annual Review of Financial Economics, 2020 In this article, we review the nascent literature on the transmission of negative policy rates. We discuss the theory of how the transmission depends on bank balance sheets, and how this changes once policy rates become negative. We review the growing evidence that negative policy rates are special because the pass-through to banks’ retail deposit ...
Heider, Florian +2 more
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Critical analysis of the most widespread methodologies for the simulation of the short rate dynamics under extreme market conditions [PDF]
Risk Management Magazine, 2020 This study proposes an analysis of the main drawbacks emerged when adopting the traditional short rate dynamics under extreme market conditions such as under negative interest rates.
Pier Giuseppe Giribone
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Negative real interest rates [PDF]
The European Journal of Finance, 2014 Standard textbook general equilibrium term structure models such as that developed by Cox, Ingersoll and Ross (1985b), do not accommodate negative real interest rates. Given this, the Cox, Ingersoll and Ross (1985b) “technological uncertainty variable” is formulated in terms of the Pearson Type IV probability density.
Chen, Jing +3 more
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The impact of negative interest rates on the pricing of options written on equity: a technical study for a suitable estimate of early termination [PDF]
Risk Management Magazine, 2022 This work aims to investigate the main problems that impact the pricing models and the sensitivity measures of American options written on shares without a pay-out, in the presence of negative interest rates with a specific focus on the Monte Carlo ...
Anna Botasso +2 more
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