Negative Interest Rates and Financial Stability

Name: Negative Interest Rates and Financial Stability
Brand: Taylor & Francis

Taylor & Francis

Negative Interest Rates and Financial StabilityLessons in Systemic Risk\nAuthor(s): Karol Rogowicz, Ma?gorzata Iwanicz-Drozdowska\nFormat: Hardback\nPublisher: Taylor & Francis Ltd, United Kingdom\nImprint: Routledge\nISBN-13: 9781032319490, 978-1032319490\nSynopsis\nThis 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. \n\nAlthough it has been introduced as a temporary policy instrument, it may remain widely used for a longer period and by a greater range of central banks than initially expected, thus the book explores its effects and implications on the banking sector and financial markets, with a particular focus on potentially adverse consequences. There is a strong accent on the uniqueness of negative policy rates in the context of .