| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP13752 |
| DP13752 Monetary Policy and Bank Profitability in a Low Interest Rate Environment: A Follow-up and a Rejoinder | |
| Charles A. E. Goodhart; Ali Kabiri | |
| 发表日期 | 2019-05-23 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | There is a debate about the effect of the extremely low, or even negative, interest rate regime on bank profitability. On the one hand it raises demand and thereby adds to bank profits, while on the other hand it lowers net interest margins, especially at the Zero Lower Bound. In this paper we review whether the prior paper by Altavilla, Boucinha and Peydro (2018) on this question for the Eurozone can be generalized to other monetary blocs, i.e. USA and UK. While our findings have some similarity with their earlier work, we are more concerned about the possible negative effects of this regime, not only on bank profitability but also on bank credit extension more widely. |
| 主题 | Monetary Economics and Fluctuations |
| 关键词 | Bank profitability Low interest rates Net interest margin Credit extension |
| URL | https://cepr.org/publications/dp13752 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/542617 |
| 推荐引用方式 GB/T 7714 | Charles A. E. Goodhart,Ali Kabiri. DP13752 Monetary Policy and Bank Profitability in a Low Interest Rate Environment: A Follow-up and a Rejoinder. 2019. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
