This paper evaluates the literature on international unconventional monetary policies
(UMPs). Introducing market segmentation, limits-to-arbitrage, and time-consistent policy in …

In this article, we review the nascent literature on the transmission of negative policy rates.
We discuss the theory of how the transmission depends on bank balance sheets, and how …

Exploiting confidential data from the euro area, we show that sound banks pass negative
rates on to their corporate depositors and that pass-through is not impaired when policy …

Abstract After the Great Recession several central banks started setting negative nominal
interest rates in an expansionary attempt, but the effectiveness of this measure remains …

Banks have come a long way since medieval times, enduring and surviving many crises.
The economic crisis induced by the Covid-19 pandemic may provoke another financial …

By investigating the influence of negative interest rate policy (NIRP) on bank margins and
profitability, this paper identifies country-and bank-specific characteristics that amplify or …

Aim of the article The main purpose of this article was to investigate the impact of the
determinants of profitability on the commercial banks in Asian countries. An Asian country …

This paper analyses the effect of a negative interest rate policy (NIRP) on profitability and
risk taking in the European banking sector and whether this effect is differentiated according …

We study negative interest rate policy (NIRP) exploiting ECB's NIRP introduction and
administrative data from Italy, severely hit by the Eurozone crisis. NIRP has expansionary …

Negative interest rate policy (NIRP) is associated with a particular friction. The remuneration
of banks´ retail deposits tends to be floored at zero, which limits the transmission of policy …