1st Edition
Negative Interest Rates and Financial Stability Lessons in Systemic Risk
272 Pages
83 B/W Illustrations
by
Routledge
272 Pages
83 B/W Illustrations
by
Routledge
272 Pages
83 B/W Illustrations
by
Routledge
Also available as eBook on:
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.
Although it has been introduced as a temporary policy instrument, it may remain widely used... Read more
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
Biography
Karol Rogowicz is Assistant Professor in the Financial System Department at SGH Warsaw School of Economics, Poland and a Senior Economist at the National Bank of Poland.
Małgorzata Iwanicz-Drozdowska is Professor of Finance and Head of the Financial System Department at SGH Warsaw School of Economics, Poland.
