Negative Interest Rates and Financial Stability: Lessons in Systemic Risk

ISBN-13: 9781032319490 / Angielski / Twarda / 2022 / 272 str.

Malgorzata Iwanicz-Drozdowska

Opis

This book sheds new light on a recently introduced monetary tool – negative interest rates policy (NIRP). It provides in-depth insight into this phenomenon, conducted by the central banks in several economies, for example, the Eurozone, Switzerland and Japan, and its possible impact on systemic risk.

Spis treści

1. Introduction 2. Negative interest rate policy: a theoretical outline 3. Negative interest rate policy experience of selected central banks 4. Initial experience of negative rates transmission 5. Financial sector and negative interest rate policy 6. Concept and measurement of systemic risk 7. Negative rate policy versus systemic risk 8. Concluding remarks