Negative interest rates policy and banks' risk-taking: Empirical evidence

被引：28
|
作者：
Boungou, Whelsy [1 ]
机构：
[1] Univ Bordeaux, LAREFI, Bordeaux, France
来源：
ECONOMICS LETTERS | 2020年 / 186卷
关键词：
Negative interest rates; Bank risk-taking; Difference-in-differences; MONETARY-POLICY;
D O I：
10.1016/j.econlet.2019.108760
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Using a panel dataset of 9421 banks from 59 countries over the period 2009-2018 and a Difference-in-Differences estimator, this paper aims to assess the effects of negative interest rates on banks' risk-taking. We find that banks' risk-taking has been lower in countries where negative rates have been implemented. This effect depends on the characteristics of a country's banking system, namely the level of capitalization and size. (C) 2019 Elsevier B.V. All rights reserved.
引用
收藏
页数：3
相关论文
共 50 条
  • [1] The impacts of interest rates on banks' loan portfolio risk-taking
    Adao, Luiz F. S.
    Silveira, Douglas
    Ely, Regis A.
    Cajueiro, Daniel O.
    [J]. JOURNAL OF ECONOMIC DYNAMICS & CONTROL, 2022, 144
  • [2] Empirical evidence on disclosure and risk-taking of banks in Ghana
    Kuranchie-Pong, Lydia
    Bokpin, Godfred Alufa
    Andoh, Charles
    [J]. JOURNAL OF FINANCIAL REGULATION AND COMPLIANCE, 2016, 24 (02) : 197 - 212
  • [3] Negative Monetary Policy Rates and Systemic Banks' Risk-Taking: Evidence from the Euro Area Securities Register
    Bubeck, Johannes
    Maddaloni, Angela
    Peydro, Jose-luis
    [J]. JOURNAL OF MONEY CREDIT AND BANKING, 2020, 52 : 197 - 231
  • [4] How negative interest rates affect the risk-taking of individual investors: Experimental evidence
    Baars, Maren
    Cordes, Henning
    Mohrschladt, Hannes
    [J]. FINANCE RESEARCH LETTERS, 2020, 32
  • [5] Do negative interest rates affect bank risk-taking?
    Bongiovanni, Alessio
    Reghezza, Alessio
    Santamaria, Riccardo
    Williams, Jonathan
    [J]. JOURNAL OF EMPIRICAL FINANCE, 2021, 63 : 350 - 364
  • [6] Interest rates and bank risk-taking
    Delis, Manthos D.
    Kouretas, Georgios P.
    [J]. JOURNAL OF BANKING & FINANCE, 2011, 35 (04) : 840 - 855
  • [7] Interest Rates and the Bank Risk-Taking Channel
    Dell'Ariccia, Giovanni
    Marquez, Robert
    [J]. ANNUAL REVIEW OF FINANCIAL ECONOMICS, VOL 5, 2013, 5 : 123 - 141
  • [8] Effects of a negative interest rate policy in bank profitability and risk taking: Evidence from European banks
    Celia Lopez-Penabad, Maria
    Iglesias-Casal, Ana
    Silva Neto, Jose Fernando
    [J]. RESEARCH IN INTERNATIONAL BUSINESS AND FINANCE, 2022, 60
  • [9] Nexus of Bank Risk-taking and Interest Rates
    Sponerova, Martina
    Sponer, Miroslav
    [J]. EUROPEAN FINANCIAL SYSTEM 2016: PROCEEDINGS OF THE 13TH INTERNATIONAL SCIENTIFIC CONFERENCE, 2016, : 745 - 751
  • [10] BANK RISK-TAKING IN CONNECTION WITH INTEREST RATES
    Sponerova, Martina
    Sponer, Miroslav
    [J]. SGEM 2016, BK 2: POLITICAL SCIENCES, LAW, FINANCE, ECONOMICS AND TOURISM CONFERENCE PROCEEDINGS, VOL III, 2016, : 65 - 72
12345