Beyond the Zero Lower Bound: Negative Policy Rates and Bank Lending

2019 ◽  
Author(s):  
Garyn Tan
Keyword(s):  
Lower Bound ◽  
Bank Lending ◽  
Zero Lower Bound

scholarly journals Did Interest Rates at the Zero Lower Bound Affect Lending of Commercial Banks? Evidence for the Euro Area

2019 ◽  
Vol 239 (5-6) ◽  
pp. 841-860
Author(s):  
Ansgar Belke ◽  
Christian Dreger
Keyword(s):  
Lower Bound ◽  
Interest Rates ◽  
Euro Area ◽  
Positive Impact ◽  
Balance Sheet ◽  
Bank Lending ◽  
Banking Regulation ◽  
Bank Loans ◽  
Zero Lower Bound ◽  
Rate Environment

Abstract The paper examines the bank lending activities of banks in a low interest rate environment. External financing of small- and medium-sized enterprises in the euro area primarily takes place via bank loans and not through capital markets. Based on the Bankscope database, bank balance sheet data is utilized. Control variables are included, such as for the system of banking regulation. The panel estimation includes 706 banks from 15 Euro area member states and is conducted for the period 2000 to 2015. All models show a significant positive impact of lower interest rates on net lending. In particular, the results do not indicate that credit is restricted if interest rates move towards the zero-lower bound.

The Zero Lower Bound: Frequency, Duration, and Determinacy

2013 ◽  
Author(s):  
Alexander W. Richter ◽  
Nathaniel A. Throckmorton
Keyword(s):  
Lower Bound ◽  
Zero Lower Bound

Optimal Monetary Policy at the Zero Lower Bound

2015 ◽  
Author(s):  
Costas Azariadis ◽  
James Bullard ◽  
Aarti Singh ◽  
Jacek Suda
Keyword(s):  
Monetary Policy ◽  
Lower Bound ◽  
Zero Lower Bound ◽  
Optimal Monetary Policy

Macroeconomic Bond Risks at the Zero Lower Bound

2016 ◽  
Author(s):  
Nicole Branger ◽  
Christian Schlag ◽  
Ivan Shaliastovich
Keyword(s):  
Lower Bound ◽  
Zero Lower Bound
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