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Do negative interest rates make banks less safe?
Gespeichert in:
| Personen und Körperschaften: | , , , |
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| Titel: | Do negative interest rates make banks less safe?/ Federico Nucera, Andre Lucas, Julia Schaumburg, Bernd Schwaab |
| Format: | E-Book |
| Sprache: | Englisch |
| veröffentlicht: |
Frankfurt am Main, Germany
European Central Bank
[2017]
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| Gesamtaufnahme: |
Europäische Zentralbank: Working paper series ; no 2098 (September 2017)
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| Schlagwörter: | |
| Quelle: | Verbunddaten SWB Lizenzfreie Online-Ressourcen |
| Zusammenfassung: | We study the impact of increasingly negative central bank policy rates on banks' propensity to become undercapitalized in a financial crisis ('SRisk'). We find that the risk impact of negative rates is moderate, and depends on banks' business models: Banks with diversified income streams are perceived by the market as less risky, while banks that rely predominantly on deposit funding are perceived as more risky. Policy rate cuts below zero trigger different SRisk responses than an earlier cut to zero. |
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| Umfang: | 1 Online-Ressource (circa 17 Seiten); Illustrationen |
| ISBN: |
9789289928205
9289928204 |
| DOI: | 10.2866/440947 |