Negative interest rate policy (NIRP) : implications for monetary transmission and bank profitability in the Euro area /
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 l...
| Main Authors: | , , |
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| Format: | Book |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
2016
[Washington, D.C.] : [2016] [Washington, District of Columbia] : 2016 |
| Series: | IMF Working Papers
IMF Working Papers; Working Paper ; No. 2016/172 IMF eLibrary IMF working paper ; WP/16/172 |
| Subjects: |