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.
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.Hinweis: Dieser Artikel kann nur an eine deutsche Lieferadresse ausgeliefert werden.
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. Mägorzata Iwanicz-Drozdowska is Professor of Finance and Head of the Financial System Department at SGH Warsaw School of Economics, Poland.
Inhaltsangabe
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