Download the fantastic book titled Negative Interest Rate Policy NIRP written by Andreas Jobst, available in its entirety in both PDF and EPUB formats for online reading. This page includes a concise summary, a preview of the book cover, and detailed information about "Negative Interest Rate Policy NIRP ", which was released on 20 August 2016. We suggest perusing the summary before initiating your download. This book is a top selection for enthusiasts of the Business & Economics genre.
Summary of Negative Interest Rate Policy NIRP by Andreas Jobst PDF
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 previously thought. However, interest rate cuts also weigh on bank profitability. Substantial rate cuts may at some point outweigh the benefits from higher asset values and stronger aggregate demand. Further monetary accommodation may need to rely more on credit easing and an expansion of the ECB’s balance sheet rather than substantial additional reductions in the policy rate.
Detail About Negative Interest Rate Policy NIRP PDF
- Author : Andreas Jobst
- Publisher : International Monetary Fund
- Genre : Business & Economics
- Total Pages : 48 pages
- ISBN : 1475528590
- Release Date : 20 August 2016
- PDF File Size : 49,6 Mb
- Language : English
- Rating : 4/5 from 21 reviews
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