Negative interest rates policy and banks' risk-taking: Empirical evidence

被引：29

作者：

Boungou, Whelsy ^{[1
]}

机构：

[1] Univ Bordeaux, LAREFI, Bordeaux, France

来源：

ECONOMICS LETTERS | 2020年 / 186卷

关键词：

Negative interest rates; Bank risk-taking; Difference-in-differences; MONETARY-POLICY;

D O I：

10.1016/j.econlet.2019.108760

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Using a panel dataset of 9421 banks from 59 countries over the period 2009-2018 and a Difference-in-Differences estimator, this paper aims to assess the effects of negative interest rates on banks' risk-taking. We find that banks' risk-taking has been lower in countries where negative rates have been implemented. This effect depends on the characteristics of a country's banking system, namely the level of capitalization and size. (C) 2019 Elsevier B.V. All rights reserved.

引用

页数：3

共 12 条

[1] Do bank characteristics influence the effect of monetary policy on bank risk? [J].